Ethics In Finance

Subject FNCE90057 (2012)

Note: This is an archived Handbook entry from 2012.

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2012:

June, Parkville - Taught online/distance.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: This intensive subject is taught over 36 hours
Total Time Commitment: Estimated total time commitment of 120 hours per semester
Prerequisites: FNCE90056 Investment Management or equivalent
Study Period Commencement:
Credit Points:
Semester 1, Semester 2
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website:


Prof Paul Kofman


Graduate School of Business and Economics
Level 4, 198 Berkeley Street
Telephone: +61 3 8344 1670
Online Enquiries

Subject Overview: Ethical practices instil a public trust in the fairness of financial markets and transactions, allowing them to function efficiently. Ethical practices by finance and investment professionals benefit all market participants and stakeholders and lead to increased investor confidence in global capital markets. The perspectives acquired in this subject should be useful to students in their chosen finance profession as this subject presents a framework for ethical conduct in the investment profession by focusing on the CFA Institute Code of Ethics and Standards of Professional Conduct. Citing and discussing examples of the financial scandals that have shaken public confidence in the ethics of financial market participants, this subject explains the importance of ethics in the operation of financial institutions and in the personal conduct of finance professionals.

On successful completion of this subject, students should be able to:

  • Synthesise intellectual theories of ethics and apply these to an analysis and resolution of ethical dilemmas in finance;
  • Critically evaluate ethical and professional conduct standards in finance through an examination of topical issues related to ethics in investment decisions, financial markets and financial services;
  • Analyse ethical principles in relation to the financial theory of the firm including issues related to stakeholder theory, agency theory, corporate social responsibility and international businesses;
  • Explain standards of professional conduct and evaluate practices and procedures designed to prevent violations of ethical and professional financial market trading practices.
  • 2-hour mid-term exam (30%)
  • 2000 word assignment (20%)
  • 2-hour final exam (50%)
Prescribed Texts:
  • Boatright, J.R., 2009. Ethics and the Conduct of Business, 6th Ed., Pearson Education International, New Jersey, USA.
  • CFA Institute, 2005. Standards of Practice Handbook, 9th Ed., Charlottesville, Virginia, USA.
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

High level of development:

  • written and oral communication;
  • analysis of the application of theory to practice;
  • identification and evaluation of attitudes, actions and beliefs of others;
  • working effectively within groups/teams;
  • dynamically and effectively responding to changing situations and priorities;
  • application of high ethical standards in professional practice and social interactions.
Related Course(s): Master of Finance
Master of Management (Finance)
Master of Management (Finance)
Postgraduate Diploma in Finance

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