Master of Applied Finance

Testamur Title of Degree:	Master of Applied Finance
Abbreviation:	MAppFin
UOW Course Code:	1444 - Double Specialisation 444 - Single Specialisation
Total Credit Points:	96 - Double Specialisation 72 - Single Specialisation
Duration:	1.5 Years full-time or part-time equivalent - Single Specialisation 2 Years full-time or part-time equivalent - Double Specialisation
Home Faculty:	Faculty of Business
Intake Session(s):	PG Spring, PG Summer, PG Autumn
Delivery Mode:	On-Campus
Delivery Campus:	UOW Dubai
Additional Information:	UOW Dubai

Overview

The Master of Applied Finance (MAF) program will help you develop a detailed understanding of banks and related financial intermediaries as well as topics such as investment management, quatitative economic analysis, financial mangement and risk assesment.

The program also offers the opportunity to specialise in a particular stream of financial practice that will help develop your in-depth knowledge of specific finance disciplines, including Financial Services, Investing and, Corporate Treasury. You can also acquire a detailed understanding of Sharia financing, through the Islamic Banking and Finance stream.

Course Learning Outcomes

Common Program Learning Outcomes

Students graduating from the Master of Applied Finance will be able to:

Integrate technical, theoretical and industry knowledge as it relates to the operation of, organisation of and participation in local and international finance.
Critically apply technical, theoretical and industry knowledge and skills to propose solutions to routine and/ or emerging problems in finance.
Exercise professional judgement to propose solutions to problems in diverse contexts using economic, finance, regulatory and ethical perspectives.
Communicate appropriately in oral, written and visual forms with relevant stakeholders.
Work appropriately with others in order to achieve outputs relevant to finance.
Conduct an applied research project.
Reflect on performance and feedback to identify learning opportunities and self-improvement.

Students have the option to undertake a single or double major in the Master of Applied Finance. The majors offered at the different campuses are outlined below:

MAJORS	UOWD	UOW
Investing	✔	✔
Financial Services	✔	✔
Corporate Treasury	✔	✔
Islamic Banking and Finance	✔

Learning Outcomes (Investing)

Students graduating with a specialisation in Investing will be able to:

Inspect a variety of financial assets and range of investment scenarios using analytical tools and processes for financial and investment returns.
Construct a portfolio and formulate appropriate investment strategies, including the selection of passive indexing/ active/ management strategies, top-down/ bottom-up portfolio construction approaches, style investing, and risk management strategies.
Evaluate and monitor portfolio performance with qualitative and quantitative methods.
Explain the complex relationships between investors, financial institutions, regulators and markets across a range of investment and financing contexts.

Learning Outcomes (Financial Services)

Students graduating with a specialisation in Financial Services will be able to:

Assimilate advanced knowledge of financial services, banking and regulatory systems, advanced theories related to financial services, bank management, risk control, and lending decisions for a range of stakeholders.
Analyse case studies and contemporary media texts using analytical tools relevant to financial services and processes for lending decisions and liquidity management.
Collect reliable information to make rational choices for the benefit of market security and financial integrity of financial services and banking systems, and for the financial benefit of stakeholders.
Explain the complex relationships between central banks and other financial institutions, regulators, markets and society across a range of banking and finance contexts.

Learning Outcomes (Corporate Treasury)

Students graduating with a specialisation in Corporate Treasury will be able to:

Articulate the role of corporate goals and agency theory in the development of ethical business practice.
Identify sources and costs of finance and discuss the complex issues around corporate financial structure.
Demonstrate the complex background to organisational growth strategies by discussing the comparative benefits and risks.
Identify, measure and manage complex business risk.
Identify the practical problems faced by managers in maximising firm value.

Learning Outcomes (Islamic Banking and Finance)

Students graduating with a specialisation in Islamic Banking and Finance will be able to:

Analyse Islamic Sharia financing and its objectives.
Compare and contrast Islamic banking systems with conventional banking systems.
Describe the legal and regulatory framework of Islamic financial institutions.
Analyse complex alternative Islamic Banking and Investment Products.
Assess alternative Islamic Insurance (Takaful) and Re-Insurance (Re-Takaful) Products.
Evaluate the level of financial risk for a range of stakeholders (including corporations, investors, and banks) and demonstrate ability to manage these risks using risk management analytical tools and processes associated with Islamic finance and banking.
Elaborate on the complex relationships between central banks and other financial institutions, regulators, markets and society across a range of Islamic banking and finance contexts.

Course Structure

You are required to complete 12 subjects in total, outlined below:

Subject Code	Subject Name	Credit Points
Common Core Subjects (24cp)
FIN 924	Financial Statement Analysis For Business	6
FIN 958	Financial Institutions	6
ECON939	Quantitative Economic Analysis	6
TBS 907/ FIN 907	Financial Strategy	6
FIN 960*	Research in Financial Markets and Institutions	6
* capstone subject.
In addition to the core subjects, students must complete the subjects in one of the following specialisations:
Corporate Treasury specialisation
FIN 926	Advanced Managerial Finance	6
FIN 925	Banking Theory and Practice	6
FIN 928	Multinational Financial Management	6
FIN 959	Enterprise Risk Management	6
TBS 909/ MGNT909	Corporate Governance	6
Plus two of the following electives:
FIN 922	Investment Management	6
FIN 956	Bank Lending and Securities	6
FIN 927	Entrepreneurial Finance	6
FIN 957	Portfolio Simulation	6
TBS905/ ECON928	Economics for Modern Business	6
FIN 930	Islamic Banking and Finance	6
Financial Services Specialisation
FIN 925	Banking Theory and Practice	6
LAW 970	Banking and Financial Institution Law	6
FIN 956	Banking, Lending and Securities	6
FIN 959	Enterprise Risk Management	6
TBS 909/ MGNT909	Corporate Governance	6
Plus two of the following electives:
FIN 927	Entrepreneurial Finance	6
FIN 928	Multinational Financial Management	6
FIN 930	Islamic Banking and Finance	6
FIN 955	International Banking	6
MARK922	Marketing Management	6
TBS 905/ ECON928	Economics for Modern Business	6
Investing Specialisation
FIN 922	Investment Management	6
FIN 957	Portfolio Simulation	6
FIN 923	Portfolio Management	6
FIN 959	Enterprise Risk Management	6
TBS 909/ MGNT909	Corporate Governance	6
Plus two of the following electives:
FIN 926	Advanced Managerial Finance	6
FIN 928	Multinational Financial Management	6
FIN 956	Bank Lending and Securities	6
FIN 930	Islamic Banking and Finance	6
MARK922	Marketing Management	6
TBS905/ ECON928	Economics for Modern Business	6
Islamic Banking and Finance Specialisation
FIN 930	Islamic Banking and Finance	6
FIN 931	Advanced Islamic Banking	6
FIN 932	Islamic Insurance (Takaful) and Re-insurance	6
FIN 934	Islamic Capital Markets	6
FIN 959	Enterprise Risk Management	6
TBS 909/ MGNT909	Corporate Governance	6
Plus two of the following electives:
FIN 925	Banking Theory and Practice	6
FIN 956	Bank Lending and Securities	6
FIN 955	International Banking	6
LAW 970	Banking and Financial Institution Law	6
FIN 933	Special Topics in Islamic Banking and Finance	6
TBS 905/ ECON928	Economic Analysis for Business	6

Variation to Course Structure

UOWD		UOW
Total Credit Points: 72 (CP) Single Specialisation, 96 Cp Double Specialisation		Total Credit Points: 72 (CP) Single Specialisation, 96 Cp Double Specialisation
Code	Subjects	Code	Subject
Core Subjects (24 CP)		Core Subjects (24 CP)
		FIN 926	Advanced Managerial Finance
FIN 924	Financial Statement Analysis For Business	FIN 924	Financial Statement Analysis For Business
FIN 958	Financial Institutions	FIN 958	Financial Institutions
ECON939	Quantitative Economic Analysis	ECON940	Statistics for Decision Making
FIN907	Financial Strategy
FIN 960	Research in Financial Markets and Institutions
Major Area of Study: Investing		Major Area of Study: Investing
		Compulsory Subjects
FIN 923	Portfolio Management	FIN 923	Portfolio Management
FIN 957	Portfolio Simulation	FIN 957	Portfolio Simulation
FIN 959	Enterprise Risk Management	FIN 959	Enterprise Risk Management
		FIN 960	Research in Financial Markets and Institutions
		FIN 961	Derivatives
MGNT909	Corporate Governance	MGNT909	Corporate Governance
FIN 922	Investment Management
Plus TWO electives from the following subjects:		Plus TWO electives from the following subjects:
FIN 926	Advanced Managerial Finance
		FIN 907	Financial Strategy
FIN 928	Multinational Financial Management	FIN 928	Multinational Financial Management
FIN 956	Bank Lending and Securities	FIN 956	Bank Lending and Securities
ECON928	Economics for Modern Business	ECON910	Economics for Professionals
MARK922	Marketing Management	MARK922	Marketing Management
FIN 930	Islamic Banking and Finance	GWP 900	International Workplace practice
Major Area of Study: Financial Services		Major Area of Study: Financial Services
LAW 970	Banking and Financial Institutions Law	Compulsory Subjects
FIN 925	Banking Theory and Practice	FIN 925	Banking Theory and Practice
		FIN 955	International Banking
FIN 956	Bank Lending and Securities	FIN 956	Bank Lending and Securities
FIN 959	Enterprise Risk Management	FIN 959	Enterprise Risk Management
		FIN 960	Research in Financial Markets and Institutions
MNGT909	Corporate Governance	MNGT909	Corporate Governance
Plus TWO electives from the following subjects:		Plus TWO electives from the following subjects:
FIN 927	Entrepreneurial Finance	FIN 927	Entrepreneurial Finance
FIN 928	Multinational Financial Management	FIN 928	Multinational Financial Management
ECON928	Economics for Modern Business	ECON910	Economics for Professionals
MARK922	Marketing Management	MARK922	Economics for Professionals
FIN 930	Islamic Banking and Finance	GWP 900	International Workplace practice
FIN 955	International Banking
Plus THREE electives of 6 CP minimum Note: Electives are subjects that are not stated in the GED, Core and major subject list of the degree. Zero level subjects are not considered in electives.		Remaining 42 credit points must be chosen from the General Schedule with no more than 72 credit points in 100 level subjects.
Major Area of Study: Human Resource Management (48 CP)		Major Area of Study: Human Resource Management (48 CP)
MGMT205	Recruitment and Selection (6 CP)	MGMT205	Recruitment and Selection (6 CP)
MGMT201	Organizational Behaviour (6 CP)	MGMT201	Organizational Behaviour (6 CP)
MGMT206	Managing Human Resources (6 CP)	MGMT206	Managing Human Resources (6 CP)
MGMT220	Organizational Analysis (6 CP)
MGMT321	Work Place Health and Safety Management (6 CP)	MGMT321	Work Place Health and Safety Management (6 CP)
MGMT314	Strategic Management (6 CP)	MGMT314	Strategic Management (6 CP)
MGMT311	Management of Change (6 CP)	MGMT311	Management of Change (6 CP)
MGMT322	Training and Development (6 CP)	MGMT322	Training and Development (6 CP)
		MGMT207	Employee Relations Management (6 CP)
Plus THREE electives of 6 CP minimum Note: Electives are subjects that are not stated in the GED, Core and major subject list of the degree. Zero level subjects are not considered in electives.		Remaining 42 credit points must be chosen from the General Schedule with no more than 72 credit points in 100 level subjects.
Major Area of Study: International Business (54 CP)		Major Area of Study: International Business (48CP)
ECON216	International Trade Theory and Policy (6 CP)	ECON216	International Trade Theory and Policy (6 CP)
MGNT218	Competitive Analysis (6 CP)
FIN241	International Finance Management (6 CP)	FIN241	International Finance Management (6 CP)
FIN353	Global Electronic Commerce (6 CP)
MARK343	International Marketing (6 CP)	MARK343	International Marketing (6 CP)
MGMT210	Managing Across Cultures (6 CP)	MGMT301	Managing Across Cultures (6 CP)
MGMT314	Strategic Management (6 CP)	MGMT314	Strategic Management (6 CP)
MGMT341	International and Comparative Human Resource Management (6 CP)	MGMT341	International and Comparative Human Resource Management (6 CP)
MGMT389	International Business Management (6 CP)	MGMT389	International Business Management (6 CP)
		ECON215	Industry and Trade in East Asia (6 CP)
Plus 2 electives. zero level (00) subjects cannot be taken as electives		Remaining 42 credit points must be chosen from the General Schedule with no more than 72 credit points in 100 level subjects.
Major Area of Study: Management (48 CP)		Major Area of Study: Management (36 CP)
MGNT201	Organizational Behaviour (6 CP)	MGMT201	Organizational Behaviour (6 CP)
MGNT206	Managing Human Resources (6 CP)	MGMT206	Managing Human Resources (6 CP)
MGNT220	Organizational Analysis*** (6 CP)
MGNT215	Small Business Management (6 CP)
MGMT311	Management of Change (6 CP)	MGMT311	Management of Change (6 CP)
MGNT314	Strategic Management (6 CP)	MGMT314	Strategic Management( 6 CP)
OPS350	Continuous Quality Improvement (6 CP)
MGNT351	Responsible Leadership (6 CP)
		MGMT316	Operations Management** (6 CP)
		MGMT351	Responsible Leadership (6 CP)
		Plus 12 credit points from the following (12 CP)
		MGMT209	Managing Knowledge in Organisations (6 CP)
		MGMT215	Small Business Management (6 CP)
		MGMT301	Managing Across Cultures (6 CP)
		MGMT332	Entrepreneurship (6 CP)
		MGMT350	Continuous Quality Improvement (6 CP)
		MGMT370	Project Management (6 CP)
		MGMT389	International Business Management (6 CP)
		MGMT220	Organizational Analysis*** (6 CP)
		MARK344	Marketing Strategy (6 CP)
Plus THREE electives of 6 CP minimum Note: Electives are subjects that are not stated in the GED, Core and major subject list of the degree. Zero level subjects are not considered in electives.		Remaining 42 credit points must be chosen from the General Schedule with no more than 72 credit points in 100 level subjects.
Major Area of Study: Marketing (48 CP)			Major Area of Study: Marketing (30 CP)
MARK205		Introductory Marketing Research (6 CP)	MARK205	Introductory Marketing Research (6 CP)
MARK217		Consumer Behaviour (6 CP)	MARK217	Consumer Behaviour (6 CP)
MARK270		Services Marketing (6 CP)	MARK270	Services Marketing (6 CP)
MARK333		Marketing Communications and Advertising (6 CP)	MARK333	Marketing Communications and Advertising (6 CP)
MARK344		Marketing Strategy (6 CP)	MARK344	Marketing Strategy (6 CP)
			Plus 18 credit points from the following (18 CP)
			MARK250	Advertising Practice and Creative Strategies (6 CP)
MARK301		Internet Applications for Marketing (6 CP)	MARK301	Internet Applications for Marketing (6 CP)
			MARK305	Advanced Marketing Research (6 CP)
			MARK317	Business to Business Marketing (6 CP)
			MARK320	Social Marketing (6 CP)
MARK343		International Marketing (6 CP)	MARK343	International Marketing (6 CP)
			MARK356	Creating and Marketing New Products (6 CP)
MARK395		Tourism Marketing (6 CP)	MARK395	Tourism Marketing (6 CP)
			MGMT314	Strategic Management (6 CP)
Plus THREE electives of 6 credit points minimum Note: Electives are subjects that are not stated in the GED, Core and major subject list of the degree. Zero level subjects are not considered in electives.			Remaining 42 credit points must be chosen from the General Schedule with no more than 72 credit points in 100 level subjects.

Last reviewed: 7 December, 2016