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Office location: Nexus 10, Level 4, Room 4.26
Telephone:       8313 3240

There are several other texts which could have been used on this course. None are recommended here as substitutes to Copeland, since the different texts use a variety of approaches to the models to be discussed, and this can be a source of confusion. Nevertheless

One supplementary text which is of value to course participants is An Introduction to International Money and Foreign Exchange Markets, by Charles Van Marrewijk. It provides particularly good discussions of purchasing power parity and interest rate parity.

It is available at  

The lectures will closely follow this text. The idea is that the lectures and the text should reinforce each other. You are strongly advised to keep up with the reading. You will find that the lectures are far easier to follow if you have already been exposed to the material via the text.

The tutorial will be primarily based on problem solving in preparation for your assessment.

Lectures: 2 Hours per week
Tutorials: 1 Hour per week
Home study expectation: 6 Hours per week

All marks received prior to the final examination are equated into your final grade only if they represent improvement over your final examination grade. For example, should you score 80/100 on the mid-term, 60/100 on your assignment, 100/100 for your tutorial and 70/100 on the final, your final grade would be credit at (0.30*80+0.10*60+0.10*100 +0.50*70=) 75/100. More will be explained about this throughout the semester. Since all marks received prior to the final examination are redeemable, you have nothing to lose and everything to gain by attending tutorials and doing your best on all of the assessments.

Should you miss either mid-semester examination for whatever reason, your final examination will be worth 30% more per missed mid-semester exam. You need not excuse yourself for your absence, as there will be no make-ups under any circumstances. This same policy applies to the assignment. Whatever you miss simply adds additional weight to the final.

The Investment Game – Students may opt to play the investment game. To play, open a demo account at using your university email address. Demo accounts using private email addresses are not valid for the game. You will receive $10,000 of play money in your account. The game begins Monday 3/3/14 and ends Friday 30/5/14. The purpose is to make the most money trading foreign exchange, commodities and securities. Grading will proceed as follows:
28/3/14 – online submission of first trading report with accompanying screen capture. 5 points
acct value < -1 sd below mean  2/5
-1 sd below mean < acct value < +1 sd above mean  3/5
+1 sd above mean < acct value  4/5
+2 sd above mean < acct value  5/5
25/4/14 – online submission of second trading report with accompanying screen capture. 5 points
acct value < -1 sd below mean  2/5
-1 sd below mean < acct value < +1 sd above mean  3/5
+1 sd above mean < acct value  4/5
+2 sd above mean < acct value  5/5
30/5/14 – online submission of trading final report with accompanying screen capture. 10 points
acct value < -1 sd below mean  6/10
-1 sd below mean < acct value < +1 sd above mean  7/10
+1 sd above mean < acct value  8/10
+2 sd above mean < acct value  9/10
+3 sd above mean < acct value 10 /10
Note- Final report points supersede all previous points earned. For example, if during first two reports, you only accrued 6 points, but on the final report you accrued 9/10 then I will drop your two previous report scores such that you get 18/20 for the game.

NOTES ON ASSESSMENT
1. Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks cannot be awarded for handwriting that cannot be read.

2. Assessment marks prior to the final exam may be displayed on the course website through Myuni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.

EXAMINATIONS
It is each student's responsibility to read the examination timetable. Misreading the timetable is not accepted as grounds for granting a supplementary exam. University staff are not permitted to provide examination times to students over the telephone or in response to personal enquiries.

Students may NOT take into the examination a DICTIONARY (English or English-Foreign)
Students may NOT take a CALCULATOR.

Assignments are to be submitted via the Professions Undergraduate Hub on Ground Level of Nexus 10.

Assignments will generally be returned during tutorials/lectures the week following submission.

Students must not submit work for an assignment that has previously been submitted for this course or any other course without prior approval from the lecturer-in-charge.