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essay requirements
[60%] Final Examination
This will be a three-hour open book examination consisting of four essay questions. The exam will cover ALL the topics that were discussed during the semester and are primarily theoretical of nature. Only paper materials will be allowed in the exam.
The tutorials are designed to teach the students on how to write an essay for this unit. The essay must meet the academic writing standards. Students should be aware that the marking weights for the essay are as follows:http://www.ukassignment.org/daixieEssay/
Theory 50%
The theoretical part of the essays serves like an introduction and usually surveys the literature in the research area. A good literature review quotes all the existing research articles in the area and students are advised to prepare a good list of reference before attending the exam.
One of the challenges with working with the list of reference is that it contains close to 200 research articles and students will have to recognise the research papers in their research interests. As a result, students need to familiarise themselves with these papers as from week one as learning about these papers couple of weeks before the exam can be very difficult. To that end, we have an open book exam for this course. The tutorials will prepare you to write this literature review section. Students are encouraged to search for academic publications outside what is discussed in the lecture as such inputs are highly regarded by the examiner. Students working towards a high distinction MUST quote papers the most recent publications.
The main purpose of a literature review is to identify a gap in the extant of the research literature. This will be the academic rationale for writing the essay. Students must also write about the practical rationale.
Methodology 30%
Most of the new theories discussed in this course have been empirically tested. Students are expected to know about these methods used for each topic. In some cases, these methodologies will have to be developed and applied in hypothetical environments. This section requires a good quantitative background and a formula sheet can be downloaded from the learning hub. You are strongly advised to bring one in the exam.
The methodology should address the gap identified in the literature review section. In other words, this section will develop theoretical answers to the problem identified.
Conclusion-Answer 20%
The last part of the essay is to provide an answer to the question asked. Given that the student, identified a gap, and then bridge that gap, they must have a conclusion about their theoretical answer. This usually represents the unique contribution of the student.
It should be noted that the tutorial solutions on essay writing represents the above weights and he highly recommend students to attend the tutorials.
A pass in this course requires an overall mark of 50 per cent AND at least 40% on the final examination.#p#分页标题#e#
I. Academic Misconduct:
University Plagiarism Statement
Plagiarism: the presentation of the work, idea or creation of another person as though it is your own. It is a form of cheating and is a very serious academic offence that may lead to expulsion from the University. Plagiarised material can be drawn from, and presented in, written, graphic and visual form, including electronic data, and oral presentations. Plagiarism occurs when the origin of the material used is not appropriately cited.
Examples of plagiarism include:
Copying sentences or paragraphs word-for-word from one or more sources, whether published or unpublished, which could include but is not limited to books, journals, reports, theses, websites, conference papers, course notes, etc. without proper citation; Closely paraphrasing sentences, paragraphs, ideas or themes without proper citation; Copying or submitting whole or parts of computer files without acknowledging their source; Copying a whole or any part of another student's work; and Submitting work as your own that someone else has done for you.
Enabling Plagiarism: the act of assisting or allowing another person to plagiarise or to copy your own work. Plagiarism can occur in oral and written presentations and is not acceptable. The use of another person’s work or ideas must be acknowledged. Failure to do so may result in charges of academic misconduct, which carry a range of penalties including cancellation of results and exclusion from the course. Please refer to University Regulation 6.1.1 on Student Discipline.
In this subject, given that the CALF exercise is a group work, you will need to pay special attention to plagiarism. Prior to the group meeting, you must write an essay on your own (your input). Then you will have to discuss your essay with the group (group input). I understand that the answers will converge towards a group essay but you will have to keep your unique characteristics. The combination of CALF and open book exam increases the probability of having similar answers. However, if two answers are exactly the same, you will be penalised for plagiarism and you will have receive a maximum of 30% for that essay. It is important for you to have distinct answers from your other group members. Further, rewriting any material (CALF and other published or unpublished materials) without proper referencing is another form of plagiarism and this is one of the reasons for why students fail in this course.
PLAGIARISM IS A SERIOUS OFFENCE IN THIS COURSE AND SUCH PRACTICES WILL LEAD TO FAILURE.
J. Learning Resources
What will I need to access and read for this course?
Distributed Learning System (DLS)
All the materials for the course are available from the Learning Hub. These materials include:
• Slides and reading materials for all the topics.
Note that we DO NOT have a prescribed textbook for this course and you will need to read all the reading materials provided. We strongly recommend you to spend some time on the reading materials as they explain the slides in more details. In other words, if you find that the slides are not explicit, you MUST go through the reading materials.#p#分页标题#e#
• Tutorial exercises
• Self Help exercises http://www.ukassignment.org/daixieEssay/
When writing these empirical papers, we usually perform some calculations in Excel and other quantitative softwares. You can access these calculations under the self hep exercise on the DLS. This is not examinable but it does help you to thoroughly understand the methodologies. These files show the practical side of the methodologies. As we are constrained by time during the semester, we will not cover them during our contact hours and you are advised to familiarise yourself with them in your own time.
• Data and questions for the Self Help exercises
Conference and other Academic Website
It is important to regularly visit academic finance websites and these are usually finance conferences and other platforms. You may want to have a look at http://www.efmaefm.org for instance for a conference website and there are many more similar websites that you could look at. Other platforms will include www.ssrn.com and you will need to register with them to have free access to these downloads. A number of the reading materials will come from this particular website.
K. RESEARCH AREAS:
Note that students will have to read all the materials provided for each topic. This will include both the slides and the academic research papers.
No Topic
1
Overreaction, Underreaction and Information Pricing Error
An Information-Adjusted Noise Model: Evidence of inefficiency on the Australian Stock Market
2
Momentum Trading Strategy
Are Momentum Strategies Profitable? Evidence from Singapore
3
Contrarian Trading Strategy
Contrarian Investment Strategies Work Better for Dually-Traded Stocks: Hong Kong Evidence
4
Mutual Fund Performance
Tournament Behaviour in Malaysian Managed Funds: A Non-Parametric Analysis
5
Derivative Markets
The Efficiency of the Buy-Write Strategy: Evidence from Australia
6
Terrorism and Capital Markets
Changes in Equity Returns and Volatility across Different Australian Industries Following the Recent Terrorist Attacks.
9
Global Financial Crisis
Behavioral Aspects of Australian Working Capital Managers during the Global Financial Crisis
Note that reading materials are provided for all of the above topics. Check the DLS to find their references. If you look at these topics, you will notice that this subject is a bulky one. One way to reduce your workload is to focus on just four topics. I can guarantee you that there will be a question about each topic on
Choose 4 topics and write 4 essays：
1． noise trader
2． Momentum trading strategy#p#分页标题#e#
3． Contrarian trading strategy
4． Terrorism and capital market
（Eg if chinais in an terrorism now，duringthe global financial crisis，how does it influnceAustralia industry portfolios. Etc）
（all this 4 essayshould be link withGlobal Financial Crisis，make reference from papers，Methodology is also important）
There are 2 past exam attach in this document，the most different between past and this time’s essay is：his 4 essayshould be link withGlobal Financial Crisis）
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