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FNCE20003_20181_A1 FNCE20003 Introductory Personal Finance ASSIGNMENT 1 Semester 1, 2018 Prepared by Carsten Murawski Department of Finance Faculty of Business and Economics 2 FNCE20003 Introductory Personal Finance Assignment 1 Semester One 2018 ADMINISTRATIVE ARRANGEMENTS Due date: 8:00 am on Monday, 30 April 2018 Late assignments: Late submission assignments may attract a penalty unless an extension has been
granted. Extension requests should be made through the Assignment Extension link on LMS. All extension requests must be made prior to the assessment due date and supported with appropriate documentation. Unless an extension has been granted, penalties to the assessment will be applied. For assignments submitted after the due date, the mark awarded will be reduced by 10% for each day the work is late. For assignments submitted later than 5 working days (or 1 week if due on a weekend) after the due date will not be marked and will receive no marks. Where to submit: Assignment submission is via the LMS Assignment Submission link for all written assignments. Please refer to the LMS Student Guide: Turnitin Assignments for detailed submission instructions if needed. Cover sheet: You should include your details on the first page of your assignment. This will enable us to easily identify student submissions: Subject Code and Name Student Number Full Name Assignment Name or Number Word limit: The word limit is 1,000 words. Assignments exceeding the word limit may be penalised. The word limit does not include the abstract, graphs/tables, footnotes or bibliography. 3 Marks: This assignment counts 10% towards the final mark in this subject. ASSIGNMENT INSTRUCTIONS The assignment must be your own work. Students are encouraged to discuss the assignment and to share information sources. However, the writing of each student’s assignment must be conducted separately and independently. Where use has been made of the work of others (for example, through your reading of books, articles or webpages) appropriate recognition must be given via quotation marks and referencing. Failure to give such recognition is plagiarism and will result in the annulment of your mark for the assignment. Other disciplinary action may also be taken. Essay presentation issues Typing: Use either double spacing or 1½ spacing. Grammar, punctuation and spelling: Correct grammar, punctuation and spelling are expected. Develop a plan Before you start working on your assignment, it is a good idea to write a brief plan. In this plan, you list the topics you want to cover and the order in which you wish to discuss them. Before you start writing you can adjust your plan so your argument flows properly and you do not use ideas or concepts before you have explained them to the reader. Use of graphs To illustrate your answers where you believe this will assist understanding, use graphs. Choose your graphs carefully and try to be precise – too many can make an answer hard to follow. To use a graph correctly, you must: Carefully label the graph – Each graph should be titled and all axes and curves should be labelled. Lines and symbols should be clearly identified. Discuss the graph – Discuss the graph in words and relate it to your essay. 4 Use of references: The Harvard System References in the text give the author’s surname, the date of publication and, if a quote or specific fact is referred to, the page number as well. For example: ‘In this section we replicate the Fama and French (1993b) tests on our sample of Japanese stocks…’ The abbreviation ‘et al.’ may be used where there are more than three authors as follows: ‘See Chordia et al. (2005) for a discussion of market liquidity…’ When citing several references to support a particular point, list them chronologically and separate them with semi-colons: ‘Financial economists have extensively studied the cross-sectional determinants of U.S. stock returns (Merton, 1973; Ross, 1976; Fama & French, 1993).’ How to cite references in your essay reference list or bibliography A. BOOKS Markowitz, H.M., 1991, Portfolio Selection. Blackwell Publishers, Cambridge, MA. B. JOURNAL ARTICLES Brau, J.C. and S.E. Fawcett, 2006, ‘Initial public offerings’, Journal of Finance. Vol. 61, pp. 399-436. C. ARTICLES OR CHAPTERS IN BOOKS Karolyi, G.A. and Stulz, R.M., 2003, ‘Are financial assets priced locally or globally’ in Handbook of the Economics of Finance, edited by G.M. Constantinides, M. Harris and R.M. Stulz, Elsevier: North Holland, Amsterdam. D. NEWSPAPER ARTICLES Byrne, Henry, ‘Short season spoils analysts’ concentration’. The Australian Financial Review, 17 March 2006, p. 31. 5 FNCE20003_Assignment 1 Instructions Background: A well-functioning financial system is crucial for a society’s economic and financial well- being. In the past, there have been accusations that certain groups of society are either excluded from participation in the financial system or are being severely disadvantaged by the financial system. Such financial exclusion or disadvantage can have detrimental short- and long-term consequences for individuals and their families, and for society as a whole. The purpose of this assignment is to look at this issue in more detail. Assignment tasks: (1) Identify a group in society (in Australia) that is being systematically disadvantaged by the financial system. (2) Describe in detail the disadvantage this group faces. (3) Identify the likely cause of the disadvantage (e.g., economic incentives of banks). (4) Describe in detail the economic consequences of this disadvantage (5) Discuss a potential solution of the issue this group faces. Marks will be allocated as follows: 3 Marks – (Visual) presentation of the report (layout, spelling, grammar, etc.) 12 Marks – Content of the report (demonstrated knowledge of the topic) 3 Marks – Originality