Postgraduate - Edith Cowan University

ECF5324 15 Credit Points
International Economics and Finance
FACULTY OF BUSINESS AND LAW
Prerequisites :
ECF5600 Principles of Economics
ECF5221 Financial Markets and Institutions
ECF5661 Quantitative Studies
International Economics is divided into two major branches: trade
and finance. Since the area came into being in the sixteenth
century, international trade was always the main focus of
economists. International finance was confined to the study of
international financial activities associated with the finance of
international trade. This subservient nature of international
finance changed with the collapse of the adjustable pegged
exchange rate system (better known as the Bretton Woods
System) in 1971 and the advent of globalisation of financial
markets and worldwide deregulation of financial markets.
Nowadays, the study of international finance can be regarded as
an area in its own right. The primary objective of this unit is to
introduce students to the essence of international trade and
finance.
ECF5600 15 Credit Points
Principles of Economics
FACULTY OF BUSINESS AND LAW
This unit is designed for students taking economics as part of a
postgraduate professional program of study. Students are
introduced to selected aspects of economic theory and shown how
they relate to key areas of business management such as
marketing, finance and accounting. The study of a real world
enterprise comprises part of the program of study.
ECF5602 15 Credit Points
Principles of Personal Risk Management Planning
FACULTY OF BUSINESS AND LAW
Prerequisite :
ECF5220 Principles of Finance
This unit explores the concepts of risk and risk management with
a focus on the role of insurance. The Australia general and life
insurance markets are explored with particular attention to the
structure of each, key participants and products, the legislative
framework governing each industry, and taxation considerations
of products. The unit is developed within the context of risk
management as a key component of the financial planning
process.
ECF5620 15 Credit Points
Principles of Superannuation and Retirement Planning
FACULTY OF BUSINESS AND LAW
Prerequisite :
ECF5220 Principles of Finance
This unit examines retirement income planning from the
perspective of the individual and for its implications for the wider
economy. The unit considers the approaches employed worldwide
for retirement income provision with a particular focus on the
Australian superannuation system. The history of age pension
provision internationally is recounted, and the issues associated
with changing demographic profiles are examined. The sections
on the Australian superannuation industry are focused on industry
structure, relevant legislation, retirement income products and
taxation.
ECF5632 15 Credit Points
Managerial Finance
FACULTY OF BUSINESS AND LAW
Prerequisite :
ECF5220 Principles of Finance
Managerial Finance involves the financial management of
business entities. In this unit we investigate how managers make
investment, financing, and dividend decisions.
Investment decisions are based on discounted cash flow
techniques and their extensions. These extensions enable us to
study a wide range of problems including: new investments,
investments with unequal terms, optimal replacement, and project
abandonment.
Corporate financing and dividend decisions are based upon the
seminal works of Modigliani and Miller. In the first instance we
see that simplifying assumptions about corporate taxes lead to
naïve conclusions about both corporate financing (primarily debt
and equity) and dividend policy. As these simplifying
assumptions are removed to better align with real-world
conditions, the conclusions move from naïve to controversial.
The current global business environment is complex. To best deal
with this complexity, business managers have discovered that
flexibility (of approach, of their products, and of their workforce)
is extremely valuable. Real option theory is introduced towards
the end of this unit as an emerging technique to value this
flexibility.
ECF5660 15 Credit Points
Financial Modelling
FACULTY OF BUSINESS AND LAW
Prerequisites :
ECF5661 Quantitative Studies
ECF5220 Principles of Finance
This course is designed to provide an introduction to the practical
perspective of modelling financial applications using Microsoft
Excel. The major topics include introduction to basic financial and
statistical calculations, advanced Excel techniques, model design
and development, and computation of regression, portfolio, pro
forma financial statements, and simulation models.
ECF5661 15 Credit Points
Quantitative Studies
FACULTY OF BUSINESS AND LAW
This unit aims to provide graduates in business administration,
accounting and finance with an introductory survey of the many
business applications of descriptive and inferential statistics.
While the course focuses on business applications, it does not
require previous business experience.
Our personal and professional lives are filled with encounters with
random, unpredictable events. Yet we are still forced to make
decisions in these situations. Statistics is the tool for analysing
and thinking about this type of unpredictability. It helps
managers make better and more effective decisions.
ECF6200 0 Credit Points
Masters Thesis
FACULTY OF BUSINESS AND LAW
The Master of Business is a research degrees. The purpose of the
degree is to train students in the use of research methodology and
techniques and in a critical evaluation appropriate to their field of
study. By the end of their candidature the student should be
capable of conceiving, designing, implementing and evaluating a
research based study.
ECF7200 0 Credit Points
Doctor of Philosophy Thesis
FACULTY OF BUSINESS AND LAW
The Doctor of Philosophy is a research degrees. The purpose of
the degree is to train students in the use of research methodology
and techniques and in a critical evaluation appropriate to their
field of study. By the end of their candidature the student should
be capable of conceiving, designing, implementing and evaluating
a research based study.
ECL5101 15 Credit Points
Language and Education Studies
FACULTY OF EDUCATION & ARTS
Students will examine the language and literacy learning of young
children in the socio-cultural context of Australian life. This unit
will explore the relationship of language and power including
students reflection on their own language use, the relationship
between language and learning, and the interrelationships of the
language modes. Students will explore a range of language and
literacy assessment practices and will examine the impact of
social class, gender, special needs, ethnicity and Aboriginality on
learning. They will articulate and justify their own beliefs and
232 ECU Postgraduate Course Guide 2008