BFC2340 Debt Markets and Fixed Income Securities


Difficulty:

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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