FINS5513 Term 2, 2022 Final Exam Information and Instructions Overview: Who needs to sit the exam All students Date: Saturday 13th August 2022 Exam time: 2:50pm – 5:00pm Sydney time Venue: At home exam administered through Moodle Exam Duration: 130 minutes including 10 minutes reading time (however, you can commence answering questions immediately if you choose). Students are permitted to answer the questions in any order and will be permitted to come back to questions if they choose. Format: Part 1: 40 MARKS. 20 multiple‐choice questions. Each question is equally weighted – 2 marks each Part 2: 30 MARKS. 10 short answer questions. Each question is equally weighted – 3 marks each Part 3: 30 MARKS – 2 multi-part short answer questions worth 15 marks each Weight: 55% of the overall grade Coverage: All lecture weeks except week 1. While you have already been tested on the 1st half through the mid-term major quiz, the 1st half of the course sets up a lot of theoretical foundations. Therefore, a lot of knowledge from the 1st half continues to be used in the 2nd half. Resources allowed/ not‐allowed in the exam Allowed: Use of any Moodle materials: lecture notes, excel spreadsheets etc. Not allowed: Any form of collaboration The multiple-choice questions are ALL RANDOMISED. So, no two people will sit the same exam. The exam must be completed on your own. Working with another person will likely mean you have insufficient time to finish the exam because it was designed with an appropriate time limit for a single person working efficiently on their own. Formula sheet To encourage you to prepare your own comprehensive notes tailored to your preferred method of approaching a problem, no formula sheet will be provided. Coverage The exam covers all lecture weeks (except week 1) with more content drawn from the 2nd half than the 1st half, particularly where the 2nd half develops on concepts from the 1st half There is a high degree of mathematical/quantitative questions with numerical answers. About 70-75% of the exam is quantitative and 25-30% is conceptual/qualitative. There are no “proof” questions The questions are focused on the lecture materials rather than the textbook readings Exam tips PART I 5 options per multi-choice question For Part I all questions are worth 2 marks each – 20 questions in total Although the questions are randomised, it is likely that around 8-10 questions you receive are conceptual/qualitative and the remainder are numerical/quantitative This section is randomised and the questions are drawn from a large question bank with many new questions o Not only will your question order be different from other students, but the actual questions you receive will be different o It is likely that you will receive no more than 3 questions from the Practice Exercises you have seen (it is possible that you will receive more or none) You are permitted to leave questions and come back to them later 40 marks (20 questions worth 2 marks each) in total for Part I PART II 10 questions – 8 quantitative and 2 written Slightly more difficult that multi-choice Response area is blank so no ability to “guess” answer like multi-choice Students are encouraged to show working o For each question, if you enter the correct answer, you will receive full marks (even if you don’t show working). If you choose to show working, and get the answer incorrect, you may receive part marks. If you simply enter the incorrect answer and do not show working, you will not receive any part marks. You are permitted to leave questions and come back to them later 30 marks (10 questio
ns worth 3 marks each) in total for Part II PART III There are 2 short answer questions, worth 15 marks each as clearly stated in the exam o The 2 short answer questions are mainly numerical/quantitative based, although sometimes a written explanation is required for a certain part of the question o The marks for each sub-question to each of the 2 questions are also variable but clearly stated in the exam Each of the 2 short answer questions are from a separate major subject area of the course o All questions are new and not drawn from any source you have seen Note that the number of sub-questions to the 2 short answer questions are extensive (both have sub-parts a-l) Don’t be scared by the number of sub-questions as they are being done for your benefit o Effectively, they mean that, to an extent, you will be receiving marks for working o So, as an example only, rather than asking you for the information ratio, I might ask you to derive the alpha (numerator), then the unsystematic risk (denominator), then I would ask you for the information ratio – so if this were one of the questions, you would be getting marks for each step in the working in 3 separate sub-questions It is often NOT the case that to complete the next sub-question, you have to solve previous sub-questions already. So don’t give up – and read each part carefully – you can miss some parts and still answer other parts You are permitted to leave questions and come back to them later 30 marks in total for Part III (15 marks each) with variable marks per sub-question as stated on the exam Submitting Answers for Part II and Part III FINAL ANSWERS Your final answer to each question and sub-question must be shown clearly in the space provided. If it is not shown clearly, you may not receive full marks Questions often require answers to 2, 3 or 4 decimal places. Each question clearly states how many decimal places you need to enter. Read carefully and always follow the question instructions for the number of decimal places. Entering more than the directed number of decimal places is fine – but not less WORKING All papers will be manually marked, allowing for part marks for appropriate working For Parts II and III, we encourage you to show working. SHOWING WORKING ALLOWS YOU THE OPPORTUNITY TO EARN PART MARKS For each question in Part II and sub-question in Part III – if your final answer is correct, you will receive full marks regardless of working (even if the working is wrong) For each question in Part II and sub-question in Part III – if you choose to show working, and get the answer incorrect, you may receive part marks. If you simply enter the incorrect answer and do not show working, you will not receive any part marks. “Passing” requirements As per the course outline, in order to pass this course, you must achieve a composite mark of at least 50 out of 100. Since the weightage of the final exam is 55%, this is a good opportunity for you to improve your total marks for the course. Preparation tips Review the Moodle quizzes and other resources such as PASS Do the lecture question examples again and understand them conceptually Attempt end‐of‐chapter questions Read the exam questions carefully Use the reading time to have a broad overview of the exam paper and determine a plan: Quantitative/qualitative, chapters/lectures, easy/hard, familiar/unfamiliar etc Have a plan: always do easier and familiar questions first. This helps boost your confidence Move on to other questions if you are unable to answer a question: Give that question a good thought and move on, you can always go back to that question later ALL THE BEST!