ECC3740 Economics of financial decision making
Faculty of Business and Economics
ECC3740 Economics of financial decision making is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Clayton. It needs ECB2731, ECW2731, ECC2000 or ECF2731.
- Credit points
- 6
- Offered in 2023
- Semester 2
- Clayton
- Assessment
- Exam 40%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ECC3740
Prerequisites
Pass these before you enrol.
After ECC3740
No unit lists ECC3740 as a prerequisite in the 2023 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher 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
The unit topics include household and consumer finance, the role of debt and credit in the economy, firm investment, and implications of financial decision making. Tools and concepts are developed to explore these topics, which include (but not limited to) causal inference in financial economics, expectations, risk preferences, and portfolio choice.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment60%
- Examination40%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the function of financial markets and intermediation in the modern economy
- 2
understand how consumers and firms choose their portfolios and investment
- 3
understand the trade-off between risk and return
- 4
understand the consequences of financial decision making by firms and households at the micro and macro levels.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
- Teaching approachEnquiry-based 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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
Where it fits
ECC3740 is part of 1 area of study in the 2023 handbook.
Contacts
- Chief Examiners
- Professor Kaveh Majlesi
Common questions
What are the prerequisites for ECC3740?
You need ECB2731, ECW2731, ECC2000 or ECF2731 before you enrol. Enrolment rules also apply.
When is ECC3740 offered?
In 2023, ECC3740 runs in Semester 2 at Clayton.
How much work is ECC3740?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC3740 have an exam?
Yes. The exam is worth 40% of the final mark, alongside 1 other task.
Which majors and minors include ECC3740?
ECC3740 is part of Economics.