UnitLevel 3Undergraduate

BFW3851 Behavioural finance

Faculty of Business and Economics

BFW3851 Behavioural finance is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2020. It needs BFW2140, BFC2140 or BFW1001.

Credit points
6
Offered in 2020
Not offered
Workload
144 hours
per semester

This is the 2020 handbook entry. See the 2021 entry.

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Requisites

After BFW3851

No unit lists BFW3851 as a prerequisite in the 2020 handbook.

Overview

Historically, investment and finance decisions have been made with the assumption that financial markets are informationally efficient. This unit will explore the notion that market efficiency assumptions are idealistic by bringing in the concepts of psychology, sociology, and behavioural economics and how the investor mind works in a broader societal setting. This will allow for better understanding of the investor's mind, resulting in intelligent investment practices. This unit is interdisciplinary, encompassing areas such as financial economics and cognitive sciences with both experimental and theoretical components.

Offerings in 2020

The 2020 handbook lists no offerings for BFW3851.

Learning outcomes

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

  1. 1

    apply the conventional assumptions learned from mainstream finance theories and demonstrate the extent to which these assumptions do not hold when examined in a behavioural context

  2. 2

    understand how cognitive biases can predictably and consistently affect investment decision and how they can contradict the notion of investor rationality

  3. 3

    understand how these behavioural biases will help develop more effective financial decision making for different market participants

  4. 4

    critically evaluate the linkage between the theoretical and empirical evidence related to behavioural finance

  5. 5

    apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with behavioural finance and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in BFW3851.

Workload and teaching

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.

Contacts

Chief Examiners
Dr Gary Rangel

Common questions

What are the prerequisites for BFW3851?

You need BFW2140, BFC2140 or BFW1001 before you enrol.

When is BFW3851 offered?

BFW3851 has no offerings listed in the 2020 handbook.

How much work is BFW3851?

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

More details

Credit points
6
Level
3
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 3
Study abroad
Not available
Handbook years
20202021