BFC2340 Debt Markets and Fixed Income Securities
Difficulty:
Year Completed: Semester 2, 2020
Prerequisite: BFC2140
(or BFW2140, or BFC2751, or BFW2751, or BFB2140, or BFF2140, or BFF3751)
Exemption: N/A
Mean Setu Score: 75%
Clarity of Learning Outcomes: 77%
Clarity of Assessments: 76%
Feedback: 71.4%
Resources: 74.4%
Engagement: 82.6%
Satisfaction: 71.2%
Subject Content:
Lecture(s) and Tutorial(s):
Textbook(s):
Assessments:
Topics included fixed-income securities, bond markets,
sovereign/non-sovereign bonds, corporate debt, bond pricing,
asset-backed securities, interest rate risk, credit and liquidity risk,
swap and forward rates and the term structure of interest rates.
1 x 2 hour lecture
1 x 1 hour tutorial
CFA Fixed Income Analysis - this book was extremely useful and
can be used for further finance study.
Participation 10%
Mid-Semester Test 30%
Final Exam 60%
Comments
This unit was enjoyable, and the content was easy to engage with
and learn. Although this is a finance unit there are elements of the
content that tie in well with units like actuarial statistics (ETC2340).
It is a content heavy unit with some calculation questions however
the content is not too difficult to grasp.
The lectures were well structured and outlined exactly what was
expected from students. There was a lot of content delivered in
the two hours, but the slides were clear and were able to be
referred to afterwards. The lecturer was very passionate and
knowledgeable about the unit and provided relative real-life
examples.
The tutorials provided good discussion amongst class members
and the tutor on how to handle the weeks problems and what to
do if faced with something similar on the exam. It was essential to
do the tutorial questions before class to get the most out of the
tutorial. Some weeks tutorials were able to be completed on a
word document whilst others were better done on excel. The
tutors provided clear solutions and were always happy to explain
further.
The participation marks for attending the tutorial and having
completed the work beforehand were easy marks. The mid-
semester test and final exam were of similar difficulty and
reflected the unit content well. There were no surprises on the
assessment and with a good understanding of the content high
marks are very possible.
I would recommend any aspiring actuary to take this unit as it is
very relevant to the field. This unit also provides students with a
detailed knowledge of debt markets and prepares students well
for future units in the same domain.
General Overview:
Lectures:
Tutorials:
Assessments/Other Assessments
Concluding Remarks