School Of BusinessBehavioural Finance (PG)Western Sydney University Unit Code: 201038.2
Discipline: ACCOUNTING
Student Contribution Band: 4
Level: 7
Credit Points: 10
Unit Enrolment Restrictions
Students must be enrolled in a postgraduate course or students who are currently registered on the national Financial Adviser Register (FAR) may take this unit as a non-award stand-alone unit in order to meet new education requirements as outlined by the Financial Adviser Standards and Ethics Authority (FASEA).
About this Unit
Cognitive biases and emotional influences have the potential to influence the decision-making of advisors, managers and investors. This unit provides students with the skills to advise clients such that their investment decisions are soundly based. Various biases and influences are introduced to students to demonstrate how they undermine rational investment decision-making. Students are then taught how to apply methods that advisers can use to overcome and correct these biases. Ensuring clients are fully educated about investment decisions is integral to the investment process, and necessary to ensure advisers meet the best interest duty of their profession. This unit is available as a stand-alone bridging unit which is accredited by the Financial Adviser Standards and Ethics Authority (FASEA) having met the FASEA curriculum and standards requirements.
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