Finance and Behavioural Bias

FIN20017 12.5 Credit Points Hawthorn, Online Available to incoming Study Abroad and Exchange students

Duration

  • One Semester or equivalent
     

Contact hours

  • 24 hours Face to Face + Blended + Swinburne Online

On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.

2023 teaching periods

Hawthorn

Higher Ed. Semester 2

Dates:
31 Jul 23 - 29 Oct 23

Results:
5 Dec 23

Last self enrolment:
13 Aug 23

Census:
31 Aug 23

Last withdraw without fail:
15 Sep 23

More teaching periods
Swinburne Online

Teaching Period 1
Swinburne Online

Teaching Period 3

Dates:
13 Mar 23 - 11 Jun 23

Results:
4 Jul 23

Last self enrolment:
26 Mar 23

Census:
7 Apr 23

Last withdraw without fail:
28 Apr 23

Dates:
6 Nov 23 - 11 Feb 24

Results:
5 Mar 24

Last self enrolment:
19 Nov 23

Census:
1 Dec 23

Last withdraw without fail:
29 Dec 23


Prerequisites

50 credit points

Aims and objectives

This unit aims to provide students with the knowledge of behavioural attributes underlying human decision-making, and how these attributes impact financial decision-making. The unit broadens students’ understanding of the investor’s mind and client’s behaviour when obtaining financial advice. In this unit, the roles of behavioural biases, ethical principles, and legislative requirements in building a long-term client-advisor relationship are discussed and the professional skills and knowledge required for the development of financial strategies that meet the client’s best interest are practiced. This unit further provides an understanding of the fundamental financial techniques that assist in the evaluation of financial products such as shares and bonds.
 
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1. Apply evaluation finance theories including the time value of money to assist financial decision making
2. Explain a range of client behaviours and psychological processes and how these impact financial decision-making processes
3. Apply behavioural finance knowledge in meeting legislative requirements and construct ethical advice based on a clients' level of financial literacy
4. Communicate effectively to engage with and create positive relationships with clients and peers5. Work effectively in teams