MEMBERS OF THE BOARD OF STUDIES – BACHELOR OF COMMERCE · MEMBERS OF THE BOARD OF STUDIES – BACHELOR OF COMMERCE . ... F31472 ECON1101 Microeconomics: Prices and Markets Complementary

File Ref: F27159

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The University of Western Australia

1st May 2012 MEMBERS OF THE BOARD OF STUDIES – BACHELOR OF COMMERCE Senior Deputy Vice-Chancellor's Nominee as Chair (Winthrop Professor H. Y. Izan) Academic Board Chair Nominee (Mr Paul Lloyd) Dean, Faculty of Business (Winthrop Professor Phillip Dolan) Nominee of the Dean, Faculty of Engineering, Computing and Mathematics (Associate Professor Cara MacNish) Dean, Faculty of Law (Winthrop Professor Stuart Kaye) Nominee of the Registrar (Ms Sue Smurthwaite) Nominee of the Guild President (Ms Elselynn Leighton) IN-ATTENDANCE Winthrop Professor Ian Reid (Senior Academic Reviewer) Dr Kabilan Krishnasamy, (Education Policy Officer, Academic Policy Services)

BOARD OF STUDIES FOR THE BACHELOR OF COMMERCE MEETING WEDNESDAY 9TH MAY 2012

This is to confirm that the next meeting of the Board of Studies for the Bachelor of Commerce will be held from 10.00am to 11.30am on Wednesday 9th May 2012 in the Chancellor’s Room. Part 1 of the agenda consists of items for communication. Part 2 of the agenda relates to items for decision to be dealt with en bloc by motion by the Chair. Part 3 is for discussion. A member may request the transfer of an item from Part 1 to Part 3. Ms Jan Cardy Executive Officer Academic Policy Services WELCOME The Chair will welcome members to the meeting of the Boards of Studies for the Bachelor of Commerce. APOLOGIES The Chair will record any apologies. Members are reminded that apologies should be forwarded to the Executive Officer prior to the meeting. DECLARATIONS OF POTENTIAL FOR CONFLICT OR PERCEIVED CONFLICTS OF INTEREST The Chair will invite members to declare potential for conflict or perceived conflicts of interest, if applicable, with regard to items on the agenda.

File Ref: F27159

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PART 1 – ITEM(S) FOR COMMUNICATION TO BE DEALTH WITH EN BLOC 1. MINUTES – Ref: F27159 Confirmation of the minutes of the Interim Board of Studies for the Bachelor of Commerce meeting held on 11th April 2011. Previous minutes are available from http://committees.intranet.uwa.edu.au/page/42204 2. NOTING OF DECISIONS TAKEN BY WAY OF A CIRCULAR Confirmation of noting of decisions taken on the following dates by way of a circular: • Noting of decisions taken on 11th May 2011 • Noting of decisions taken on 15th August 2011 • Noting of decisions taken on 5th and 6th October 2011 Available from http://committees.intranet.uwa.edu.au/page/42204 • Noting of decisions taken on 9th February 2012 Available from http://www.teachingandlearning.uwa.edu.au/1226226

PART 1 – ITEM(S) FOR COMMUNICATION TO BE DEALT WITH EN BLOC

3. CONSTITUTION OF THE BOARD OF STUDIES FOR THE BACHELOR OF COMMERCE – Ref: F28648

Members are advised that the attached (Attachment A) Constitution of the Board of Studies for the Bachelor of Commerce was approved by the Academic Council by R7/12 following a recommendation from the Board of Coursework Studies. For noting.

PART 2 – ITEM(S) FOR DECISION TO BE DEALT WITH EN BLOC

No Items

PART 3 – ITEM(S) FOR DISCUSSION AND DECISION

3. ITEMS FROM THE FACULTY OF LAW 3.1 MAJOR IN BUSINESS LAW: PROPOSED STRUCTURAL CHANGES FOR 2013 – Ref

F29728, F42391 Members are asked to consider the proposed changes to the Business Law major with effect from Semester 1 2013. A new level 2 unit proposal, Taxation Law, has been submitted which is intended to replace the level 2 ACCT2331 Taxation unit offered by the Business School. Attachment B includes the following documents: • Approved sequence for Business Law major • Proposed new sequence for Business Law major • New unit proposal – Taxation Law For consideration

http://committees.intranet.uwa.edu.au/page/42204

http://committees.intranet.uwa.edu.au/page/42204

http://www.teachingandlearning.uwa.edu.au/1226226

File Ref: F27159

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4. ITEMS FROM THE BUSINESS SCHOOL 4.1. MAJOR IN HUMAN RESOURCE MANAGEMENT: PROPOSED STRUCTURAL CHANGES

FOR 2013 – Ref F29677 By way of background, at its meeting held on 28th June 2010, the then Bachelor of Commerce Interim Board of Studies resolved by R19/10 to accept the Human Resource Management major proposal and its associated units, but noted the following: • “that the major in Human Resource Management shares several units with the major Work and

Employment Relations offered in the Bachelor of Arts. • It was proposed that the Chairs of the two Interim Boards (Bachelor of Arts and Bachelor of

Commerce) discuss the extent of the overlap, and whether there should be restrictions on the recognition of broadening units.”

By R27/10, the Bachelor of Commerce Interim Board of Studies resolved to endorse a paper prepared by the Chairs of the respective Boards, which recommended the following: • ‘That the unit outlines for the IREL1101 and IREL2201 be rewritten to show the differences in

expected outcomes, especially because IREL2201 has either MGMT1135 or MGMT1136 as prerequisites. It is important that the outcomes are consistent with the Level at which the unit is being offered and that the proposal explicitly addresses how the two cohorts of students (attending the same lecture stream) are prepared to be able to achieve these different outcomes.

• That the unit outlines for the IREL2201 and IREL3XXXbe rewritten to show the differences in expected outcomes, to reflect that the latter is to be offered at Level 3. It is important that the outcomes are consistent with the Level at which the unit is being offered and that the proposal explicitly addresses how the two cohorts of students (attending the same lecture stream) are prepared to be able to achieve these different outcomes.

• Students should not be permitted to complete the two majors’. At its meeting held on 20th September 2010, the Board of Coursework Studies resolved by R20/10 to recommend to Academic Council that the following be approved: ‘that students should not be permitted to complete the two majors, (Human Resource Management major offered in the Bachelor of Commerce and Work and Employment Relations major offered in the Bachelor of Arts)’.

Members are asked to consider a number of proposed changes to the Human Resource Management major, effective from 2013, with a view to making the two majors (Human resource Management major in the BCom and the Work and Employment Relations Major in the BA) compatible. . Attachment C includes the following documents for members’ consideration: • Extract from the minutes of the Faculty Board of the UWA Business School • Approved sequence for Human Resource Management major • Proposed new sequence for Human Resource Management major For consideration 4.2. NEW PROPOSAL: UNATTACHED ELECTIVE FOR OFFERING IN 2013 – Ref F41718 Members are asked to consider the attached proposal (Attachment D) from the Business School for offering as a Level 1:

• unattached Broadening Category B unit; and • Unattached elective unit

in the Bachelor of Commerce. For consideration.

File Ref: F27159

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4.3. PROPOSED CHANGES TO PREREQUISITES FOR UNDERGRADUATE UNITS – Ref

F315503, F31504, F31463 Members are asked to consider the proposed prerequisite changes to the following options within the Major in Management:

Unit Current Prerequisite Proposed Prerequisite INMT3231 Decision Making INMT2232 Project Management

or equivalent

Any one of INMT2232 Project Management, MGMT2311 Organisational Learning and Innovation or MGMT2341 International Management

INMT3234 Information Systems Management

INMT2232 Project Management or equivalent


MGMT3335 Enterprise Systems INMT2232 Project Management or equivalent


The relevant extract from the minutes of the meeting of the Faculty Board of the UWA Business School is attached (Attachment E) as additional information. For consideration

Board of Studies (Bachelor of Commerce) Constitution This committee operates in accordance with the Principles and Rules for the Operation of Committees available at http://www.secretariat.uwa.edu.au/page/89528. Members must act in accordance with the University Committee Members' Code of Conduct available at http://www.secretariat.uwa.edu.au/page/89528. Role 1. The role of the Board of Studies for the Bachelor of Commerce is to: (a) provide curriculum development advice to faculties and recommendations, as required, to the Board of Coursework Studies on the following:

(i) degree-specific majors for the Bachelor of Commerce; (ii) embedding the UWA Educational Principles in degree-specific majors; (iii) pre-requisites, co-requisites and related matters; (iv) units, including broadening units; (v) articulation agreements; (vi) annual course reports, incorporating performance and quality data;

(b) deal executively with or provide advice on other matters referred to the Board of Studies for the Bachelor of Commerce by the Board of Coursework Studies or Academic Council. Membership 2. (1) The Board of Studies for the Bachelor of Commerce comprises: (a) a nominee of the Senior Deputy Vice-Chancellor, as Chair; (b) a nominee of the Chair of the Academic Board; (c) the Dean of the Faculty of Business, or nominee; (d) the Dean of the Faculty of Engineering, Computing and Mathematics, or nominee; (e) the Dean of the Faculty of Law, or nominee; (f) the Registrar, or nominee; and (g) the President of the Guild of Undergraduates, or nominee. (2) The Board may invite a person or persons to attend a meeting to provide advice on specific areas or agenda items. Members’ Absence and Nominees 3. (1) If a member or a nominee is unable to attend a meeting, an apology must be sent to the Executive Officer prior to the relevant meeting. (2) Unless the Chair requests or permits otherwise, a member or nominee appointed under 2(1)(b) – (g) who is unable to attend a meeting cannot send anyone else in their stead. Terms of Office of a member appointed as a nominee 4. The term of office of a member appointed as a nominee under 2(1)(a) – (f) is up to two years. Eligibility for a second or Subsequent Term of Office for a member appointed as a nominee 5. (1) At the end of a term of office, a member appointed as a nominee under 2(1)(a) – (f) is eligible to be appointed for a second or subsequent term of office. (2) A member appointed as a nominee under 2(1)(b) – (f) cannot serve for more than two consecutive terms. Skills and/or Qualifications of Members 6. It is desirable that nominees appointed under 2(1)(b) – (e) inclusive have a leadership role within the teaching and learning portfolio in their respective functional areas. Quorum 7. The quorum for the Board of Studies for the Bachelor of Commerce is half the current membership plus one. Decisions 8. (1) All questions that come before the Board are decided by a majority of the members present and voting. (2) The Chair of the meeting has an ordinary vote and a casting vote. Frequency of meetings 9. The Board normally meets once each month in the months of February to November with the exception of July.

Attachment A

Approved sequence for Business LawMajor sequence:

TRIM: F29728

ID: 1510

LvlTypeCode Title Prerequisite Corequisite IncompatibilitiesTRIM CatA CatB

Take core units at Level 1:

1CoreACCT1101 Financial Accounting Nil. Nil. Nil.F31588

1CoreLAWS1104 Introduction to Law Nil. Nil. Nil.F32294

Take complementary units at Level 1:

1ComplementaryECON1101 Microeconomics: Prices and Markets Nil. Nil. Nil.F31472

1ComplementaryMGMT1135

Organisational Behaviour Nil. Nil. Nil.F31497

1ComplementaryMKTG1203 Marketing Management Nil. Nil. MKTG2203 Marketing ManagementF31687

1ComplementarySTAT1520 Economic and Business Statistics WACE Mathematics 3A/3B or WACE Mathematics 3C/3D or WACE Mathematics: Specialist 3A/3B or WACE Mathematics: Specialist 3C/3D or TEE Applicable Mathematics or TEE Calculus or ECON1111 Quantitative Methods for Business and Economics

Nil. STAT1400 Statistics for Science, STAT1510 Statistics A, STAT1530 Statistics B, STAT2210 Biometrics 1, MATH1020 Calculus, Statistics and Probability

F31562


2CoreACCT2331 Taxation ACCT1101 Financial Accounting Nil. ACCT3331 TaxationF31629

2CoreLAWS2201 Legal Framework of Business LAWS1104 Introduction to Law OR LAWS1111 Legal Systems

Nil. Nil.F32256

2CoreLAWS2301 Company Law LAWS1104 Introduction to Law OR LAWS1120 Australian Legal Principles and Institutions

Nil. Nil.F32254


3CoreLAWS3306 Finance Law ACCT2331 Taxation AND (either LAWS2301 Company Law OR LAWS2201 Legal Framework of Business)

Nil. Nil.F32255

3CoreLAWS3308 Marketing, Management and the Law LAWS2301 Company Law OR LAWS2201 Legal Framework of Business

Nil. Nil.F32307

3CoreLAWS3328 International Commercial Law LAWS2301 Company Law OR LAWS2201 Legal Framework of Business

Nil. Nil.F32252

Current as at Monday, 30 April 2012 Page 1 of 1Attachment B 1

Proposed new sequence for Business LawMajor sequence:

TRIM: F29728

ID: 1510



1CoreACCT1101 Financial Accounting Nil. Nil. Nil.F31588

1CoreLAWS1104 Introduction to Law Nil. Nil. Nil.F32294



1ComplementaryMGMT1135

Organisational Behaviour Nil. Nil. Nil.F31497




F31562


2CoreLAWS2201 Legal Framework of Business LAWS1104 Introduction to Law OR LAWS1111 Legal Systems

Nil. Nil.F32256

2CoreLAWS2301 Company Law LAWS1104 Introduction to Law OR LAWS1120 Australian Legal Principles and Institutions

Nil. Nil.F32254

2CoreLAWS2XXX Taxation Law Either LAWS1104 Introduction to Law or LAWS1120 Australian Legal Principles and Institutions

Nil. Nil.F42391


3CoreLAWS3306 Finance Law ACCT2331 Taxation AND (either LAWS2301 Company Law OR LAWS2201 Legal Framework of Business)

Nil. Nil.F32255

3CoreLAWS3308 Marketing, Management and the Law LAWS2301 Company Law OR LAWS2201 Legal Framework of Business

Nil. Nil.F32307

3CoreLAWS3328 International Commercial Law LAWS2301 Company Law OR LAWS2201 Legal Framework of Business

Nil. Nil.F32252

Current as at Monday, 30 April 2012 Page 1 of 1Attachment B 2

LAWS2XXX Taxation Law

TRIM: F42391Unit ID: 4172

Proposed New Unit:

Unit Information

Code alpha prefix: LAWS

Resp. Org. Entity: Law Office (00200)

Level: 2

2013

Contact: Natasha Terbeeke ([email protected])

Title: Taxation Law

Type: Undergraduate in major(s);

Faculty: Law

Academic informationUnit Content: Taxation Law is designed to give stduents a basic understanding of how the Australian taxation laws

apply to a wide variety of business and financial transactions. It dovetails with other units offered in the Business Law Major. It also provides a foundation for students who later enrol in the Juris Doctor and study Taxation of Business Enterprises and Foreign Income (LAWS3363)

Teaching and Learning Practices:

Lectures and Tutorials

Technologies: No data available.

Outcomes: A. Knowledge On successful completion of this unit a student will have:

• a basic understanding of the Australian taxation law, and in particular of the following key concepts –o incomeo fringe benefitso deductions o capital allowanceso trading stocko tax accounting • a basic grasp of how the taxation laws apply to companies, partnerships and trusts• a general understanding of the goods and services tax• knowledge of how the tax system is administered and of a tax agent’s professional and ethical responsibilities.

B. Skills

On successful completion of this unit a student will be able to:

• solve basic-to-moderately complicated problems involving the computation of the taxable income of an individual; and• understand and explain the taxation implications of a range of business transactions.

Assessments tied to outcomes:

End of semester examination - 50% Tutorial Particpation and in class presentaiton - 20% Written Assignment - 30%

14/12/2011

Credit points: 6

Assessment items: End of semester examination - 50% Tutorial Particpation and in class presentaiton - 20% Written Assignment - 30%

First year of offer:

Proposed:

Workload hoursper 6 points:

150

Broadening categories:

Please note that this unit is not yet approved.

LOTE

Broadening Category B

Broadening Category A

Elective

Study Abroad

Pg. 1 of 3Attachment B 3

Prerequisites: Either LAWS1104 Introduction to Law or LAWS1120 Australian Legal Principles and Institutions

Corequisites: Nil.

Incompatibilities: Nil.

Unit rules

Consultations

Lecture Theatre and tutorial rooms

Funding and resourcesSource: Faculty/School funds

Details: Law School funds

The proposal for the introdcution for this new unit, was discussed and agreed to at a meeting between the then VC, Prof Alan Robson, the Dean of the Law School, Professor Stuart Kaye and the Dean of the UWA Business School, Professor Phil Dolon in September 2011. At that meeting (which Assoc/Professor Peter Sinden and Professor Izan also attended) it was agreed that this unit would be offered from 2013. This unit will take the place of ACCT2331 Taxation within the list of required units for the Business Law Major. This unit will not be offered to students within the JD or LLB.

Teaching Responsibilities

Offerings

Committee endorsements and approvals

Additional information

Yes, supplementary assessment proposed for this level 1 unit.Supplementary Assessment at L1:

Further details:

Quota: No quota proposed.

Library Form Approved

Law Lirbary consulted 2011

Accommodation requirements

Types:

Summary:

Central Teaching Spaces; Spaces currently controlled by the Faculty/School;

Assessment and grading

Library:

Location Mode Estimated enrolmentTeaching PeriodCrawleySemester 1 (2013) FACE2FACE 300: Head of Departments Advice

Type SummaryNameFaculty/School Business Consulted with Assoc/Professor Mark Holub

Faculty/School Architecture, Landscape and Visual Arts

Faculty/School Architecture, Landscape and Visual Arts

University (WA) Curtin University Consulted with Professor Dale Pinto, Business School

Teaching Org % Summary

Law Office100% Proposing faculty.

StatusReview committee Resolution Date NotesEndorsedFaculty Board Stuart Kaye 26/04/2012 Imported from the excel New Unit

Proposal form.

Not yet endorsedBoard of Studies - BCom

Not yet endorsedBoard of Coursework Studies

Not yet approvedAcademic Council

Pg. 2 of 3Attachment B 4

EXTRACT FROM THE MINUTES OF THE MEETING OF THE FACULTY BOARD OF THE UWA BUSINESS SCHOOL

HELD ON WEDNESDAY 14 MARCH 2012 CHANGES TO THE HUMAN RESOURCE MANAGEMENT MAJOR - Ref. F29677 The proposed changes to the Human Resource Management major are to address the concerns associated with units being offered at differing levels between the Human Resource Management and Work and Employment Relations majors. The Faculty has been advised that the majors are incompatible. Although students can complete units in the two majors in the New Courses 2012, they are unable to formally enrol in both majors. It is extremely important that students are able to formally enrol in the two majors (recorded in their transcripts) if they are aiming to work in this field. Members of the Management and Organisations Discipline liaised with several major relevant employers on this matter (the WA Chamber of Commerce and Industry and the WA Industrial Relations Commission) who have provided letters of support on the need for employment relations and human resources students to have an adequate understanding of both areas of knowledge. The Head of the M&O discipline met with the Chair of the Boards of Studies for Bachelor of Arts and Bachelor of Commerce to understand how the two majors could be restructured in order to overcome the compatibility issue. The proposed changes reflect the discussions, these are: • delete the level 2 core unit EMPL2201 Foundations of Employment Relations from the Human

Resources major and replace it with the level 2 core unit EMPL2202 Australian Employment Relations from the Work and Employment Relations major;

• amend the prerequisites for the unit EMPL2202 Australian Employment Relations (for New

Courses 2012 only) to EMPL1101 Introduction to Employment Relations or MGMT1135 Organisational Behaviour or equivalent. The current prerequisite for EMPL2202 is IREL1101 Introduction to Employment Relations. We believe that students who have completed either EMPL1101 or MGMT1135 Organisational Behaviour would have sufficient knowledge of organisations to prepare themselves for EMPL2202. The change in prerequisites for EMPL2202.will also be made to the Work and Employment Relations major offered in the Bachelor of Arts.

• delete the level 3 core unit EMPL3302 Employment Relations in Australia in the HR major; • remove the level 3 option EMPL3301 Globalisation and Work; and • add the unit EMPL3270 Negotiation: Theory and Practice. The requirements for the Human Resource Management major and Work and Employment Relations major were attached to the agenda. RESOLVED 4 that Faculty Board recommend to the Boards of Studies for the Bachelor of Arts and the Bachelor of Commerce, changes to the Human Resource Management major so that students are able to complete both the Work and Employment Relations major and the Human Resource Management major.

Attachment C 1

Approved sequence for Human Resource Management Major sequence:

TRIM: F29677

ID: 1336



1CoreMGMT1135 Organisational Behaviour Nil. Nil. Nil.F31497

1CoreMGMT1136 Management and Organisations Nil. Nil. Nil.F31498


1ComplementaryACCT1101 Financial Accounting Nil. Nil. Nil.F31588





F31562


2CoreEMPL2201 Foundations of Employment Relations MGMT1135 Organisational Behaviour OR MGMT1136 Management and Organisations

Nil. EMPL1101 Introduction to Employment Relations (offered in the Work & Employment Relations major in the Bachelor of Arts), IREL2201 Foundations of Employment Relations

F31566

2CoreHRMT2237 Human Resource Management Nil. Nil. Nil.F31492


3CoreEMPL3302 Employment Relations in Australia EMPL2201 Foundations of Employment Relations Nil. EMPL2202 Australian Employment Relations (offered in the Work & Employment Relations major in the Bachelor of Arts), IREL2202 Australian Employment Relations

F31461

3CoreHRMT3344 Staffing Organisations HRMT2237 Human Resource Management Nil. Nil.F31493

3CoreHRMT3345 Managing Jobs, Performance and Well-being

HRMT2237 Human Resource Management Nil. Nil.F31494

Take 1 option at Level 3 from this group (A):

3Option (A)EMPL3241 International Employment Relations EMPL2201 Foundations of Employment Relations OR EMPL2202 Australian Employment Relations

Nil. EMPL2241 International Employment Relations (formerly IREL2241)

F31516

3Option (A)EMPL3301 Globalisation and Work EMPL2201 Foundations of Employment Relations OR EMPL2202 Australian Employment Relations

Nil. Nil.F31460

Current as at Monday, 30 April 2012 Page 1 of 2Attachment C 2

Proposed new sequence for Human Resource Management Major sequence:

TRIM: F29677

ID: 1336



1CoreMGMT1135 Organisational Behaviour Nil. Nil. Nil.F31497

1CoreMGMT1136 Management and Organisations Nil. Nil. Nil.F31498


1ComplementaryACCT1101 Financial Accounting Nil. Nil. Nil.F31588





F31562


2CoreEMPL2202 Australian Employment Relations Proposed new value: For New Courses 2012 only: EMPL1101 Introduction to Employment Relations (formerly IREL1101 Foundations of Employment Relations) (or equivalent) or MGMT1135 Organisational Behaviour (or equivalent)

Nil. EMPL1102 Australian Employment Relations (offered in HRM major in Bcom) (formerly IREL1102 Australian Employment Relations)

F31505

2CoreHRMT2237 Human Resource Management Nil. Nil. Nil.F31492


3CoreEMPL3241 International Employment Relations EMPL2201 Foundations of Employment Relations OR EMPL2202 Australian Employment Relations


F31516

3CoreEMPL3270 Negotiation: Theory and Practice HRMT2237 Human Resource Management OR EMPL2202 Australian Employment Relations


F31517

3CoreHRMT3344 Staffing Organisations HRMT2237 Human Resource Management Nil. Nil.F31493

3CoreHRMT3345 Managing Jobs, Performance and Well-being

HRMT2237 Human Resource Management Nil. Nil.F31494

Current as at Monday, 30 April 2012 Page 1 of 1Attachment C 3

FINA1XXX Managing Your Personal Finance

TRIM: F41718Unit ID: 4105

Proposed New Unit:

Unit Information

Code alpha prefix: FINA

Resp. Org. Entity: Business (FAC40)

Level: 1

2013

Contact: Richard Heaney ([email protected])

Title: Managing Your Personal Finance

Type: Undergraduate as unattached elective in BCom

Faculty: Business

Academic informationUnit Content: This unit highlights the importance of financial literacy in personal financial decision making. It

reflects the increased financial responsibility that students face in areas including debt accumulation, financial product selection and retirement savings decisions. Students explore a range of topics including the impact of behavioural biases that are a natural part of decision making, with a view to exploring the impact these biases can have on financial decisions. Students are introduced to time value of money, with examples of the dramatic impact of compounding on both debt and equity. This introduction includes analysis of the cost of credit card debt, loans and mobile phone contracts. Students critique the concept of human capital, with a view to identifying their own human capital and understanding the part that education plays in creating this capital. They explore the interaction between consumption smoothing, debt and investing, along with planning for retirement within the present Australian superannuation system. Students create their own personal balance sheet and a simple plan for their financial future and write a reflective journal concerning this task as part of the course.

Teaching and Learning Practices:

The course is primarily based on lectures and tutorials though students complete a reflective journal concerning their personal balance sheet and financial plan for the future as part of the assessment for the course. A key feature of the learning experience is the use of regular feedback on student learning through various means including questionnaires and experiments. This will inform course improvement over time as well as research into individual financial decision making and the impact of

Outcomes: Graduates face a complex financial world with the expectation that they are well prepared to deal with difficult financial decisions. Research suggests that many graduates are not financially literate and are not well prepared for this aspect of the globalised culturally diverse environment in which they will be living and working. This course develops student understanding of (1) the impact of the time value of money for borrowing and investing; (2) the biases that can adversely affect their financial decisions; (3) human capital and how it affects their spending, saving and borrowing behaviour; (4) the concepts of consumption smoothing and; (5) the importance of planning for retirement. The course also further develops student written communication skills with the completion of a reflective journal.

Assessments tied to outcomes:

There are three components to assessment. (1) group work and individual work; (2) A reflective journal concerning the creation of a personal balance sheet and a plan for their financial future. (This journal is used to assess student understanding of human capital, consumption smoothing and planning for retirement as well as assessing written communication skills) and; (3) a final examination is used to assess student understanding of each of the five learning outcomes as well as written communication skills.

14/12/2011

Credit points: 6

Assessment items: Individual and group tasks, a reflective journal concerning the student''s personal balance sheet and plan for their financial future and, and a two hour final examination

First year of offer:

Proposed:

Workload hoursper 6 points:

150

Broadening categories:

Please note that this unit is not yet approved.

LOTE

Broadening Category B

Broadening Category A

Elective

Study Abroad

Pg. 1 of 3Attachment D 1

Prerequisites: Nil.

Corequisites: Nil.

Incompatibilities: Not Applicable

Not Applicable

Not Applicable

Unit rules

formal education.

Technologies: No data available.

Consultations

We envisage that the unit will attract 100 students and so we require a lecture theatre for 100 students for 2 hours per week for one semester each year. A one hour tutorial will also be run each week.

Funding and resourcesSource: Faculty/School funds

Details: While one academic is responsible for the course as a whole, the course is team taught, drawing on the expertise of individuals within the school. Industry specialists are used where feasible.

Not Applicable

The proposed unit meets University objectives of broadening units which develop “research and problem-solving skills” through a focus on personal financial decision making. Further, the unit allows students to engage in emerging national debates, including individual financial responsibility and retirement incomes policy. The unit sits within the National Financial Literacy Strategy, launched in 2011 by the Australian Securities and Investment Commission, and its aim of using educational pathways, including universities, in "consolidating and extending financial literacy skills and knowledge". The unit reflects a wider definition of financial literacy as financial capability proposed by the UK Financial Services Authority. It builds on financial knowledge to include dimensions of financial behaviour and attitude. The unit design reflects four keys domains of financial literacy/capability: 1) Financial Knowledge; 2) Financial Money Management; 3) Choosing financial products; and 4) Planning Ahead. The unit will also provide an excellent research opportunity for Business School staff to extend expertise in the financial literacy literature and enable a contribution to national and international discussions. In particular this will focus on the issue of evaluation of personal financial education. Establishing financial literacy benchmarks among University students and measuring longitudinal change in knowledge, behaviour and attitude will provide a significant research contribution in addition to the primary learning outcomes of the unit.

Teaching Responsibilities

Offerings

Secondary Education Requirements:

Advisable Prior Study:

Additional information

Further details:

Units to be rescinded to provide resources for this one:

Quota: No quota proposed.

Library Form Approved

There is one text book required for the course. We are still to consult with the library about providing student access

Not Applicable

Not Applicable

Curriculum from existing unitsUnit codes

Details

Accommodation requirements

Types:

Summary:

Central Teaching Spaces;

Library:

Location Mode Estimated enrolmentTeaching PeriodCrawleySemester 2 (2013) FACE2FACE 100: Based on increased student interest in

finance since global finance crisis

Teaching Org % Summary

Business Office100% Proposing faculty.


Committee endorsements and approvals

to copies of the text book.

StatusReview committee Resolution Date NotesEndorsedFaculty Board R5/12 14/03/2012 Imported from the excel New Unit

Proposal form.

Not yet endorsedBoard of Studies - BCom

Not yet endorsedBoard of Coursework Studies

Not yet approvedAcademic Council

30/04/2012 3:09:35 PM


EXTRACT FROM THE MINUTES OF THE MEETING OF THE FACULTY BOARD OF THE UWA BUSINESS SCHOOL

HELD ON WEDNESDAY 14 MARCH 2012 CHANGES TO PREREQUISITES FOR UNDERGRADUATE UNITS – Ref. F31503, F31504, F31463 The current single prerequisite of INMT2232 Project Management for the units INMT3231 Decision Making, INMT3234 Information Systems Management and MGMT3335 Enterprise Systems, is unnecessarily restrictive in that it precludes any student in the Management Major who chooses two of the other four level 2 units from taking level three units with a focus in the Managing Operations and Business Processes within the Management major. Project Management is recommended for students choosing this area of focus but there is no direct scaffolding of knowledge to the level 3 units. The level three units require a knowledge of management and organisational principles which could be developed in 3 of the level two units in offered in the major. These units are INMT2232 Project Management, MGMT2311 Organisational Learning and Innovation and MGMT2341 International Management. The proposed change allows greater flexibility in student choice at the second and third year levels while maintaining a clear progression through the major. The BCom (Interim) Board of Studies has previously approved MGMT3308 Supply Chain Management to have similar (although wider) prerequisites. The proposed prerequisites are tabled below:

Unit Current Prerequisite Proposed Prerequisite INMT3231 Decision Making INMT2232 Project Management

or equivalent


INMT3234 Information Systems Management

INMT2232 Project Management or equivalent


MGMT3335 Enterprise Systems INMT2232 Project Management or equivalent


RESOLVED 3 that Faculty Board recommend to the Board of Studies the proposed changes to the prerequisite to the above units to allow greater flexibility in student choice.

Attachment E1

Documents

MEMBERS OF THE BOARD OF STUDIES – BACHELOR OF COMMERCE · MEMBERS OF THE BOARD OF STUDIES – BACHELOR OF COMMERCE . ... F31472 ECON1101 Microeconomics: Prices and Markets Complementary