UnitLevel 1Undergraduate

BFF1001 Foundations of finance

Faculty of Business and Economics

BFF1001 Foundations of finance is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Caulfield and City (Melbourne). It has no prerequisites and unlocks 7 units, leading on to 20 units in all.

Credit points
6
Offered in 2021
Semester 1, Semester 2
Caulfield, City (Melbourne)
Assessment
Exam 50%
and 1 other task
Workload
144 hours
per semester

This is the 2021 handbook entry. See the 2027 entry.

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Requisites

Enrolment rules

Trimester A, Trimester B, and Trimester C City location offerings for this unit are only available for Bachelor of International Business and associated double degree students.

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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

As a foundation, this unit introduces you to the concepts of finance, financial mathematics, investment analysis, the financial system, risk management and the relationship of finances to other commercial disciplines.

Offerings in 2021

Teaching periodCampusMode
First semesterCaulfieldOn campus
Second semesterCaulfieldOn campus
Trimester ACity (Melbourne)On campus
Trimester BCity (Melbourne)On campus
Trimester CCity (Melbourne)On campus

Assessment

  • Within semester assessment
    50%
  • ExaminationThreshold hurdle
    50%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    demonstrate an introductory understanding to the concepts of finance in preparation for additional study in the discipline

  2. 2

    describe the foundation concepts of finance

  3. 3

    relate the concepts of finance to other commercial disciplines.

Workload and teaching

  • Workshops30 hours
  • Workshops33 hours
  • Workshops44 hours
  • Workshops24 hours
  • Tutorials24 hours
  • Tutorials11 hours
  • Lectures12 hours
  • Teaching approachOnline learning
  • Teaching approachActive learning
  • Teaching approachPeer assisted 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. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Active learning is defined as maximising student engagement with curriculum and staff, to produce the best learning outcomes for students. In-class, this is achieved through the use of online polling with participation assessment. From student responses and live feedback via chat to polling questions, educators interact with all students (both in-person and online) to reinforce, apply and bespokely tailor the lesson to the audience on hand. Out of class, student engagement is maintained through weekly quizzes, where students are encouraged to do homework together or under the guidance of staff in consultation. Finally, to maximise interaction with staff who act as positive role-models of professional practice for students, all curriculum questions are answered only face-to-face in-person or over video conferencing. Having as much two-way conversations with students as possible allows staff to best guide, mentor and show students that we care about their education. 

Learning resources

Required resources

City campus:
Keown Arthur J., Martin John D. and Petty William J. (2017). Foundations of Finance, ninth edition (global edition). Pearson (softcover).

Technology resources

The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).

In BFF1001, you will be solving financial math using the financial functions of the HP10Bll+ financial calculator. While the Business School also permits the use of the Casio FX82 scientific calculator, it does not contain financial functions required for BFF1001.

Where it fits

BFF1001 is part of 3 areas of study in the 2021 handbook.

Contacts

Unit Coordinators
Mr Steven Burch
Chief Examiners
Dr Jason Choo
Professor Robert Brooks

Common questions

What are the prerequisites for BFF1001?

BFF1001 has no prerequisites, but enrolment rules apply.

What can I take after BFF1001?

BFF1001 is a prerequisite or corequisite for 7 units, including ACX3150, BFF2401, BFF2701, BFF3751, BFW2401 and BFW2751. Those lead on to 20 units in all.

When is BFF1001 offered?

In 2021, BFF1001 runs in Semester 1 and Semester 2 at Caulfield and City (Melbourne).

How much work is BFF1001?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does BFF1001 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 1 other task.

Which majors and minors include BFF1001?

BFF1001 is part of Accounting; Banking and finance; and Financial econometrics.

More details

Credit points
6
Level
1
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Banking and Finance
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Available