BFB1001 Foundations of finance
Faculty of Business and Economics
BFB1001 Foundations of finance is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 2 at Peninsula. It has no prerequisites and unlocks 5 units, leading on to 17 units in all.
- Credit points
- 6
- Offered in 2027
- Semester 2
- Peninsula
- Assessment
- Exam 50%
- and 2 other tasks
- Workload
- 144 hours
- per semester
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Requisites
Before BFB1001
Prohibitions
You can't enrol if you have passed any of these.
After BFB1001
5 units list BFB1001 as a prerequisite or corequisite.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 11 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit introduces the concepts of finance, financial mathematics, valuation, the financial system, risk management and inter-dependency between finance and other business disciplines. The unit is designed for students who have never studied finance before.
Offerings in 2027
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Exercise25%
- Project25%
- Examination50%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
evaluate financial choices in personal financial contexts to improve financial well-being and literacy
- 2
apply core concepts of finance to real-life industry problems and financial literacy scenarios in preparation for additional study in the discipline
- 3
use Microsoft Excel to design solutions for financial business problems commonly encountered by graduate employees in Finance and for personal financial planning
- 4
apply professional communication strategies when delivering business related content in professional settings
- 5
apply teamwork strategies when preparing for and participating in business and workplace context.
Workload and teaching
- Tutorials24 hours
- Seminars12 hours
- Teaching approachProblem-based learning
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Required resources
Prescribed Readings: Bespoke sections of various textbooks from Wiley Business Now. Details provided in Moodle.
Technology resources
Students in BFF/B1001 will be taught best-practice Excel skills for solving financial math. You will also be using Excel workbooks to submit test and exam answers. You will need access to a computing device with Microsoft Excel. Microsoft Office 365 is available to all Monash students based in Australia.
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Where it fits
BFB1001 is part of 1 area of study in the 2027 handbook.
Contacts
- Chief Examiners
- Dr Jason Choo
Common questions
What are the prerequisites for BFB1001?
BFB1001 has no prerequisites, but enrolment rules apply.
What can I take after BFB1001?
BFB1001 is a prerequisite or corequisite for 5 units, including BFB3121, BFF2401, BFF2701, BFF3751 and BFW2401. Those lead on to 17 units in all.
When is BFB1001 offered?
In 2027, BFB1001 runs in Semester 2 at Peninsula.
How much work is BFB1001?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BFB1001 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 2 other tasks.
Which majors and minors include BFB1001?
BFB1001 is part of Finance and economics.