MAI728 - Financial Behaviour and Decision Making (Intensive)
Unit details
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Not offered in 2024 |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Cohort rule: | This unit is only available to students enrolled in N002*, M512, M769, M669, M569, M701 and M640 |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | MAA728, MAF714 |
| Typical study commitment: | Students will on average spend 130 hours undertaking the teaching, learning and assessment activities for this unit. Students will have 24 hours of face-to-face contact over the course of 4 consecutive days with separate independent and collaborative learning required both prior to and subsequent to the Intensive. Students will be required to access the Unit Site for reading and preparation work which will be available four weeks prior to the commencement of the intensive. In addition to the online activities, this intensive unit requires students to attend four consecutive days of intensive study via Zoom. This will include educator guided online learning activities within the unit site. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | This intensive unit will be run via a virtual classroom format through Zoom from 9.00am to 2.00pm over four consecutive days. |
Note:*N002 (single unit non-award postgraduate) How to apply Current Deakin students can enrol directly via StudentConnect. Please enrol by the deadline as places are limited. For further information please email financial-planning@deakin.edu.au | |
Content
The Financial Planning professional must be able to build a deep understanding of their client’s needs and be able to anticipate issues many clients may not have considered. This unit builds on the technical knowledge acquired in other units, to broaden students’ understanding of the professional skills and knowledge required to manage long-term client relationships, and develop comprehensive understanding of clients’ needs in order to formulate strategies and solutions that are in the client’s best interest.
Drawing on insights from the behavioural sciences, this unit requires students to develop strategies to build trust, communicate the value of advice, and engage clients at each stage of the financial planning process. Students will be introduced to the field of behavioural finance, to develop an understanding client behaviour and factors that influence decision-making. The unit also seeks to provide students with a theoretical and practical understanding of the ethical and professional requirements within a financial services context.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Design effective strategies for engaging a variety of clients. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Solve communication problems and communicate effectively (verbal and non-verbal) with clients and peers. | GLO2: Communication |
| ULO3 | Apply knowledge of behavioural biases that individuals may exhibit and explain strategies to mitigate the impact of these biases on financial decision making. | GLO1: Discipline-specific knowledge and capabilities |
These Unit Learning Outcomes are applicable for all teaching periods throughout the year.
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Multiple Choice Quiz | equivalent to 1500 words | 20% | Within the final week prior to the commencement of intensive classes. |
| Assessment 2: (Group of 4) Part A: Presentation in class Part B: Report (Research) | Part A: 10 minutes Part B: 3000 words | 50% total Presentation: 20% Report: 30% | Part A: Final afternoon of the intensive class Part B: One to two weeks following the end of the intensive class |
| Assessment 3: (individual) Part A: Report (Research) Part B: Written Reflection (self) | Part A: 1500 words Part B: 1000 words | 50% total Report: 20% Reflection: 10% | Four weeks following the end of the intensive class |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Unit Fee Information
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