INVE3001 Portfolio Management

Trimester 2A, 2024

Unit study package code:     INVE3001

Mode of study:      Internal

Tuition pattern summary:

Note: For any specific variations to this tuition pattern and for precise information refer to the Learning Activities section.

This unit does not have a fieldwork component.

Credit Value: 25.0

Pre-requisite units:

FNCE2000 (v.0) Introduction to Finance Principles or any previous version

OR

12607 (v.0) Finance Principles 215 or any previous version

OR

2807 (v.0) Managerial Finance 212 or any previous version

OR

314498 (v.0) BAN23 Introductory Finance or any previous version

OR

FNCE2003 (v.0) Business Analysis for Investment or any previous version

AND

FNCE3001 (v.0) Introduction to Financial Instruments and Markets or any previous version

OR

MATH2009 (v.0) Calculus 2 or any previous version

OR

8127 (v.0) Advanced Calculus 201 or any previous version

OR

12960 (v.0) Finance Instruments and Markets 300 or any previous version

OR

B-ACTUAR (v.0) Bachelor of Science (Actuarial Science) or any previous version

Syllabus

This unit covers essential portfolio theories and the application of security analysis and portfolio performance evaluation techniques. Concepts discussed include asset pricing theory, mean-variance analysis, market efficiency, behavioural finance, liquidity and asset pricing, market microstructure, mutual funds and hedge funds, portfolio optimization, and risk management. This unit also covers Environmental, Societal, and Governance (ESG) investment. Students have opportunities to apply and practice their investment skills by using virtual trading software. In addition, students will be provided with an awareness of ongoing developments in this area of Finance, for instance, high-frequency trading and cryptocurrencies.

Introduction

Welcome to INVE3001 Portfolio Management. This unit covers the essential theories and applications to the practice of security analysis and portfolio management. At the end of the semester, students will have a good understanding of the concepts related to portfolio construction, asset pricing theory, market efficiency, mean-variance optimisation, security analysis, portfolio risk management, portfolio performance evaluation, and cryptocurrencies. Students will also be provided with knowledge of the ongoing developments in this field of finance.

Unit Learning Outcomes

All graduates of Curtin University achieve a set of six Graduate Capabilities during their course of study. These inform. an employer that, through your studies, you have acquired discipline knowledge and a range of other skills and capabilities which employers would value in a professional setting. Each unit in your course addresses the Graduate Capabilities through a clearly identified set of learning outcomes. They form. a vital part in the process referred to as assurance of learning. The learning outcomes notify you of what you are expected to know, understand or be able to do in order to be successful in this unit. Each assessment for this unit is carefully designed to test your knowledge of one or more of the unit learning outcomes. On successfully completing all of the assessments you will have achieved all of these learning outcomes.

Detailed information on assessment tasks

1. 'Trading Game Individual Presentation' will be conducted during the last 2 teaching weeks. This is an individual assessment.

There are two parts of this assessment: 

Part 1: Presentation related to your trading game assignment. 

Part 2: After your presentation, you will be asked 2 random questions related to various basic concepts and theories covered in this unit, including assignment (i.e. Assessment 2).

Further details on the requirement including marking rubrics will be made available via the assessments tab in Blackboard. 

2. This assignment is a simulated stock trading game. Students are encouraged to form. a group of up to three (3) members. The trading game requires each team to make investments in Australian and/or U.S. share market through "StockTrak". Students are required to write a report based on their trading decisions and performance.

More detailed information will be available on the blackboard.

Using ChatGPT to generate a report will be considered as academic misconduct.

Any issues related to a group member's contribution must be reported to your local lecturer at least two weeks before the submission date.

3. Assessment task 3 is a centrally scheduled final exam.

Details will be released on Blackboard.

Pass requirements

Students are required to attempt and submit all assessment tasks and achieve an overall mark of 50 or above to pass the Unit.

Assessment Moderation

Fair assessment through moderation

Moderation describes a quality assurance process to ensure that assessments are appropriate to the learning outcomes, and that students work is evaluated consistently by assessors. Minimum standards for the moderation of assessments are described in the Assessment and Student Progression Manual, available from policies.curtin.edu.au/findapolicy/

Pre-marking moderation

Moderation describes a quality assurance process to ensure that assessments are appropriate to the learning outcomes, and that student's work is evaluated consistently by assessors.

Minimum standards for the moderation of assessments are described in the Assessment and Student Progression Manual, available from policies.curtin.edu.au/findapolicy/ 

Intra-marking / Post-marking moderation

Where the submission of a late assessment is permitted, late penalties will be consistently applied in this unit.

Where a late assessment is permitted for an assessment item or the entirety of the unit (refer to the Assessment Schedule table in this Unit Outline) and the student does not have an approved assessment extension:

1. For assessment items submitted within the first 24 hours after the due date/time, students will be penalised by a deduction of 5% of the total marks allocated for the assessment task;

2. For each additional 24-hour period commenced an additional penalty of 10% of the total marks allocated for the assessment item will be deducted; and

3. Assessment items submitted more than 168 hours late (7 calendar days) will receive a mark of zero.

Where a late assessment is NOT permitted for an assessment item or the entirety of the unit (refer to the Assessment Schedule table in this Unit Outline) and the student does not have an approved assessment extension:

1. All assessment items submitted after the due date/time will receive a mark of zero.

Late assessment

Where the submission of a late assessment is permitted, late penalties will be consistently applied in this unit.

Where a late assessment is permitted for an assessment item or the entirety of the unit (refer to the Assessment Schedule table in this Unit Outline) and the student does not have an approved assessment extension:

1. For assessment items submitted within the first 24 hours after the due date/time, students will be penalised by a deduction of 5% of the total marks allocated for the assessment task;

2. For each additional 24 hour period commenced an additional penalty of 10% of the total marks allocated for the assessment item will be deducted; and

3. Assessment items submitted more than 168 hours late (7 calendar days) will receive a mark of zero.

Where late assessment is NOT permitted for an assessment item or the entirety of the unit (refer to the Assessment Schedule table in this Unit Outline) and the student does not have an approved assessment extension:

1. All assessment items submitted after the due date/time will receive a mark of zero.