Derivatives (11234.3)
| Available teaching periods | Delivery mode | Location |
|---|---|---|
| View teaching periods | On-campus Online self-paced |
Bruce, Canberra |
| EFTSL | Credit points | Faculty |
| 0.125 | 3 | Faculty Of Business, Government & Law |
| Discipline | Study level | HECS Bands |
| Canberra Business School | Level 3 - Undergraduate Advanced Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Learning outcomes
After successful completion of this unit, students will be able to:1. Analyse how derivatives, such as options, futures, forwards, and swaps, are structured and operate;
2. Use various models to price forward contracts, futures, swaps and options contracts;
3. Develop and apply option trading strategies;
4. Appraise and apply various types of derivatives to match the need of different alternative financial innovations and economic perspectives; and
5. Use appropriate communication skills to convey information in terms of risk management to a selected audience.
Graduate attributes
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - evaluate and adopt new technology
2. UC graduates are global citizens - think globally about issues in their profession
Prerequisites
11215 Business FinanceCorequisites
None.Incompatible units
None.Equivalent units
None.Assumed knowledge
School/college level mathematics and/or statistics, accounting or economics knowledge.| Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
|---|---|---|---|---|---|
| 2026 | Bruce, Canberra | Semester 1 | 16 February 2026 | On-campus | Mr M Emdad Haque |
| 2026 | Bruce, Canberra | Semester 1 | 16 February 2026 | Online self-paced | Mr M Emdad Haque |
Required texts
Textbook: Fundamentals of Futures and Options Markets, Global Edition 9th ed. By John Hull, 2022. Pearson. ISBN-13:驴9781292422114
A digital version is available online, OR students can purchase a copy of the textbook.
Publisher's website where the students can purchase direct from the publisher:
Textbook and eBook:
https://www.pearson.com/en-au/subject-catalog/p/fundamentals-of-futures-and-options-markets-global-edition/P200000004518/9781292422121
From time to time you may find it useful to consult newspapers and journals such as;
The Australian
Australian Financial Review
Business Review Weekly
Global Finance Journal
Each of these is available in UC library or online in electronic format.
Useful Resources
Newspapers, Magazines and websites
The Australian:http://www.theaustralian.com.au/
The Sydney Morning Herald:http://www.smh.com.au/
Canberra Times:http://canberratimes.com.au/
The Age:http://www.theage.com.au/
The Economist:https://www.economist.com/
The Australian Financial Review:http://www.afr.com.au/
Websites
The following websites will, at times, be referred to throughout the unit, and are very useful sources for current information about the economy.
The Australian Bureau of Statistics:http://www.abs.gov.au/
The World Trade Organization:http://www.wto.org
The Reserve Bank of Australia:http://www.rba.gov.au/
The Treasury:http://www.treasury.gov.au/
World Bank:http://www.worldbank.org
International Monetary Fund:http://www.imf.org
ASIC: ASIC Home |
ASX: Dashboard
APRA: Welcome to APRA | APRA
- CME Group:
Submission of assessment items
Extensions & Late submissions
Where possible, all assessment items will be submitted online via the teaching site in UCLearn. The first page of each assessment item should include the following information:
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Student ID number:
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Assessment Name
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Word Count (if applicable):
Students' names are not to be included on any assessment tasks/submission. Only Student ID numbers should be included (as per the and ).
Assessment items must be submitted to the assignment area in the UCLearn teaching site, relating to that piece of assessment. It is the student's responsibility to upload the correct and corresponding draft or assessment item, to the right submission section.
Late submissions will only be accepted for a limited period. If more than one late submission is made within that period, only the first late submission will be accepted for marking and may be subject to penalties as detailed in the .
Subject policy on re-submissions, late penalties, absences etc.:
Re-submission is not permitted for any item of assessment.
Extensions
Students can apply for an extension to the submission due date for an assessment item due to extenuating, evidenced circumstances (specific details are found in the ). An extension must be applied for before the due date. Documentary evidence (e.g. medical certificate) will be expected for an extension to be granted; however, this will not guarantee that the application will be successful. The Unit Convener or relevant Program Director/Course Convener will decide whether to grant an extension and the length of the extension.
An Assignment Extension form is available from the Student Forms page.
Late submissions
The following late submission period and penalty is applicable to any teaching period commencing after 1 April 2024.
To support the provision of timely feedback to students within the unit, late penalties will apply for summative assessments where late submission is permitted. Late submissions without an approved extension or reasonable adjustment will result in a penalty of a mark reduction of 10% of the maximum available marks for the assessment item per day (or part thereof) up to and including three calendar days. If a student submits more than three calendar days late without an approved extension or reasonable adjustment, the student will be allocated a mark of zero for that assessment, with no feedback provided.
Approval of extensions based on extenuating circumstances will be dependent upon the production of supporting documentation and at the discretion of the unit convener.
For teaching periods commencing prior to 1 April 2024, a late penalty of 5 % of the maximum available marks for the assessment item per day (or part thereof) was applied up to and including seven calendar days. An assignment submitted over 7 days late will not be accepted.
Special assessment requirements
Information on extensions and special consideration for assessments can be found in the and .
Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, you must obtain:
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an overall total score of at least 50% AND submit all assessment items marked as mandatory
Use of AI is not permitted in this unit
The University's position is that artificial intelligence services must not be used for assessment or assessment preparation by students unless explicitly allowed in the assessment instructions for an assessment task published with the assessment task and/or in the unit outline. That is, an AI service may only be used if:
a) its use is authorised by the unit convener as part of the specified task; and
b) it is used in the way allowed in the assessment instructions and/or unit outline; and
c) its use is appropriately referenced, meaning that the students must reference the use of AI in their assessment in the same way as they reference other source material.
The use of AI has not been specified in the assessment instructions for the unit or in the unit outline and thus, AI is not a permissible resource.
Supplementary assessment
Refer to the and
Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.
Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.
UC students have to complete the annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).
UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.
Information is provided in the , , and 麻豆传媒映画出品 (Student Conduct) Rules 2023. For further advice, visit Study Skills.
Participation requirements
Active engagement in all online modules enhances your learning and is strongly advised. Unless specifically stated in the unit outline, there is no mandatory attendance requirement. You may elect to attend timetabled activities, as they allow you to ask 'real time' questions to develop your understanding for the relevant assessment tasks. However, you are strongly encouraged to participate as much as you can during tutorials, as you can get instant feedback to your questions. Also, students will benefit most from two-way discussions on the theories and their applications. Working through lectures and tutorials and reading assigned materials is a complete learning package that will bring out the most of the unit content. Tutorials of a week will cover the content of previous week.
Required IT skills
Use of calculators, computer, web searching skills and familiarity with excel spreadsheet modelling is required.
Work placement, internships or practicums
None
Additional information
N/A
