Finance and Investment Appraisal - ZBUS8105

Faculty: UNSW Canberra at ADFA

School: School of Business @ UNSW Canberra at ADFA

Course Outline: ZBUS8105 Course Outline

Campus: UNSW Canberra at ADFA

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 3

Enrolment Requirements:

Restricted to students enrolled in Graduate Diploma or Masters programs.

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

View course information for previous years.


This course introduces investment decision making solution techniques. It focuses on corporate finance from an investor's perspective. It also provides an explanation of financing options, including how financial markets operate and the main instruments of financial markets. The course is very hands-on, and makes extensive use of examples. The structure of the course is sequential and each module builds on the techniques and concepts of previous modules. The course is delivered through material apportioned on a week-by-week basis available online via Moodle. Those with no or limited experience of financial concepts should consider undertaking ZBUS8149 as introduction to this. The suggested textbook is recommended. The style is guide-by-the-side rather than sage-on-the-stage, so you are expected to study independently and participate actively and regularly to the online forum.

Learning Objectives

By the end of the course you should be able to understand:

1. The concepts of expected value, compounding and the time-value of money;

2. The relationship between risk and expected returns;

3. How financial assets are valued and be able to value shares and bonds;

4. The principles of discounting and how to select an appropriate discount rate for any private or public financial evaluation; and

5. The principles of portfolio diversification

In general, you be able to apply the principles of corporate finance to evaluate private and public sector investment proposals.

At the core of these outcomes lies a thorough understanding of the Capital Asset Pricing Model CAPM and the Capital Structure issue, so you should flag these concepts.

You are expected to achieve these outcomes in accord with the codes of ethics and behaviour endorsed by the UNSW

Delivery Mode

Distance mode only


  • Introduction and overview
  • Investing in capital markets
  • TVM & DCF analysis
  • Project evaluation
  • Risk & return
  • Sources of finance
  • Capital structure
  • True cost of capital
  • Capital market efficentcy
  • Derivative markets (futures and options)
  • Takeovers & mergers
  • International finance
  • Review
Aerial View

Study Levels

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