Faculty of Business and Economics
Agenda
Bachelor of Commerce
Course Advisory Group
Agenda
Meeting No 2/2012
Wednesday 20 June 2012
2.00pm
Menzies Building, E269
Clayton Campus
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 1 of 9
BACHELOR OF COMMERCE COURSE ADVISORY GROUP
MEMBERSHIP 2012
A
Course Director as
Chair
Dr Ross Booth
B
Deputy Dean,
Education
Professor Robert Brooks
C
Deputy Course
Director
Sunway Campus
Elsa Bavani K. Satkunasingam
D
Head of Department
Representative
Accounting and Finance
Dr Poonam Bir
(alternate Dr Patty McNicholas)
Business Law and Taxation
Associate Professor Paul Latimer
(alternate Dr Aashish Srivastava)
Econometrics and Business Statistics
Associate Professor Ralph Snyder
Economics
Professor Russell Smyth
Management
Dr Ramanie Samaratunge
E
Representative from
campus
F
Manager, Academic
Services
Marketing
Dr Rowan Kennedy
(alternate Mr Peter Thompson)
Ms Tina Conde
Ms Fiona Bertoli
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 2 of 9
Member’s Notes about their individual Action Arising
Meeting:
Bachelor of Commerce Course Advisory Group
Meeting 2/2012
Date & Time:
2.00pm Wednesday 20 June 2012
Venue:
Meeting Room E269, Menzies Building, Clayton Campus
AGENDA
ITEM
TOPIC
ACTION REQUIRED
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
RESPONSIBLE
OFFICER
Page 3 of 9
Faculty of Business and Economics
Bachelor of Commerce Course Advisory Group
Meeting 2/2012 of the Bachelor of Commerce Course Advisory Group of the Faculty of Business and
Economics will be held at 2.00pm on Wednesday 20 June 2012.
Members having a direct commercial or financial interest in any item before this meeting must declare that
interest to the Chair via the Committee Secretary prior to consideration of the item, and must not take part in a
vote on any matter concerning it.
Apologies to Kerryn Chewe via email to kerryn.chewe@monash.edu
Agenda
*1
ATTENDANCE
1.1
Present
1.2
Apologies
1.3
In Attendance
*2
APPROVAL OF UNSTARRED ITEMS
Members will have the opportunity to request that any unstarred items be starred. The Chair will move that all
items on the agenda not starred be adopted without discussion, and that action be taken or the information be
noted therein.
*3
MINUTES
The minutes of the Bachelor of Commerce Course Advisory Group meeting 1/2012 held on 29 February 2012
to be confirmed.
Minutes_BCom_CAG
_mtg_1_on_29 Feb_2012.pdf
*4
ISSUES ARISING FROM THE PREVIOUS MINUTES
4.1
Action Items
Action: Committee Secretary to advise members of accreditation information provided at FEC 1/12.
Action: Chair and Ms Tina Conde to prepare a proposal that students wanting to enrol in any BCom units
have completed specialist or maths methods. Chair to then discuss with Professor Rob Brooks. The
proposal would first have to be put to ACT.
Action: Dr Elsa Satkunasingam to write to the Chair asking him to seek advice from Professor Keryn
Chalmers regarding any unit offered at Clayton that covers working capital.
5
ISSUES ARISING FROM OTHER MEETINGS
5.1
Undergraduate Studies Committee
5.1.1
Review of Committee Structure – Education Portfolio for GSC and USC
Discussion paper regarding proposed changes to the committee structure of the education portfolio was
tabled at USC 3/12 with a view to ensuring ongoing effective governance in this area
http://www.buseco.monash.edu.au/esg/agu/comm/ugrad-ops/index.html
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 4 of 9
The key changes to the faculty education portfolio committee structure proposed are:




5.2
Minor amendments to the terms of reference and membership to the Admissions and Credit Transfer
Committee
The introduction of a Course and Programs Management Committee to effectively amalgamate two
current committees - Undergraduate (USC) and Graduate Studies Committee (GSC) – and provide a
forum to discuss graduate and undergraduate curriculum and related matters, such as development
outcomes of course reviews and the annual Course and Unit Viability Review process.
The introduction of an Education Quality Committee to build upon and formalise the current Assurance of
Learning (AOL) Reference Group; provide a broader forum for the consideration of matters associated
with quality assurance, innovation in learning and teaching, and assure compliance with regulatory
frameworks (eg. Australian Qualifications Framework (AQF)).
Amendments to the Terms of Reference for the Faculty Board and Faculty Education Committee to reflect
the above changes to the committee structure, and strengthen the focus on compliance with Government
regulatory frameworks such as the monitoring of relevant the standards of the Tertiary Education Quality
and Standards Agency (TEQSA) and associated compliance oversight.
Curriculum Approval and Publication System (CAPS)
Update by Fiona Bertoli. https://sites.google.com/a/monash.edu/caps-project-site/home
5.3

5.4








Faculty Education Committee
In-Class Tests - key concerns in scheduling out of class tests were the safety and security of students; the
inability to ensure there were no timetable clashes and students’ work commitments. FEC agreed that the
faculty’s default position was that tests should be conducted in-class only. Tests were to be conducted
as stated in unit guides. If additional contact hours were deemed necessary, this must be stated in the
unit guide and the additional hours scheduled through the timetable system prior to the commencement of
the semester.
Faculty Board
Congratulations to Professor Rob Brooks and Professor Gary Magee on their respective appointments to
the roles of Deputy Dean Education and Deputy Dean Research.
Associate Professor Ingrid Nielsen had recently been appointed to the role of Associate Dean Research
and Research Training.
Expressions of interest for the Associate Dean Learning and Teaching role.
Further portfolios including social inclusion, accreditation and strategic planning would be under
consideration in due course.
Dean welcomed the new Head of School, Professor Therese Joiner to the Board and to Monash
University.
Professor Nair advised Faculty Board that he would be stepping down as Head of School, and that the
interim Head of School, Associate Professor Christina Lee
The Faculty Manager stated that the Faculty was progressing well in terms of domestic enrolments for
Semester 1, and noted that the University had experienced some decline in international student
numbers.
CSP enrolments were down overall across the University, although the Faculty had performed very well
with a slight increase in numbers. Caulfield and Clayton were at capacity, and it was expected that
Peninsula, Berwick and Gippsland would reach targets with the anticipated mid-year enrolments.
Domestic graduate and postgraduate student load was satisfactory, and it was expected that the end-ofyear target would be met with mid-year intake. Noted that international students load has been reduced
quite significantly, and it was unlikely that targets would be met even with mid-year intake. Student
Services was in contact with International Recruitment Services and the Future Students Office to discuss
the issue and ensure that a number of measures to address the matter were implemented.
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 5 of 9
6
NEW COURSES AND AMENDMENTS
6.1
New courses
Approved by Academic Board for implementation in 2013 

BCom (Dean’s Scholars Program)/BEc 4428 (PAN2553)
BEc Advanced with Hons 4430 (PAN2522)
Approved by Faculty Board. OPVCLT documentation to be submitted by managing Faculty of Arts –

BArts (Dean’s Scholars Program) and BCom (Dean’s Scholars) 4432 (PAN2552).
Further, a request for exemption from the usual paperwork for new course titles and codes was submitted and
approved by UEC and AB on 6 June 2012. This exemption was sought to bring all current and pending
Scholars programs into a common format of VTAC course title, Monash Award title and course specific
scholarship offering.
Arts-BusEco_Award_
title_Scholar_program[1].pdf
Following this approval, PANs have been created to amend the following course titles –

Bachelor of Commerce (Dean’s Scholars) will be re-titled Bachelor of Commerce Scholars program
(4419) (PAN2826)

Bachelor of Commerce (Dean’s Scholars)/Bachelor of Economics will be re-titled Bachelor of
Commerce Scholars program/Bachelor of Economics (4428) (PAN tba)

Bachelor of Arts (Dean’s Scholars)/Bachelor of Commerce (Dean’s Scholars) to Bachelor of Arts
Scholars program/Bachelor of Commerce Scholars program) (4432) (PAN tba)
6.2
Course Amendments
Major amendment approved by Academic Board for implementation in 2013 –
 Add Philosophy and Politics major to BCom (PAN2522)
FB approved the following amendments to courses
Code
Title
Details
Effective
PAN
0179
Bachelor of Commerce
Amend the structure of the Marketing major
Semester
1, 2013
2610
0179
Bachelor of Commerce
Amend the structure of the Management
Studies major in 'International Management'
and 'Human Resource Management' streams
Semester
1, 2013
2653
0179
Bachelor of Commerce
Disestablish the Business Law and Taxation
major in the Bachelor of Commerce and
associated degrees.
Semester
1, 2014
2562
4419
Bachelor of Commerce (Dean’s
Scholars Program)
Align with amendments to BCom [PANs 2329,
2385 and 2509]
Full Year
2013
2565
0179
Bachelor of Commerce
Amend unit options for Business Modelling
major
Semester
1, 2013
2606
4425
Bachelor of Journalism and
Bachelor of Commerce
Amend duration to 4 years following changes
approved by the Faculty of Arts
Semester
1, 2013
2564
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 6 of 9
7
DEGREES MANAGED BY OTHER FACULTIES

Faculty Board provided in principle support for the establishment of the Diploma of Higher Education
Studies (xxxx) at the Sunway campus, subject to the approval of the managing faculty – the Faculty of
Arts. This course will include a Business component of six Faculty of Business and Economics units.

Bachelor of Commerce/ Bachelor of Education (Secondary) (2026) PAN2626 Amendment to Education
component
8
NEW UNITS AND AMENDMENTS
8.1
New units
Code
Title
Details
Effective
PAN
ECC1001
Utility theory for actuarial studies
Semester 1, 2013
2757
ECC2610
Game theory and strategic thinking
Semester 1, 2013
2543
ECC4500
Long-run economic change
Semester 1, 2013
2544
ETC4110
Actuarial Practice I
Introduce a new unit to cover
additional topics required for
Actuarial Studies accreditation
Introduce new unit following
recommendation of External
Review panel
Introduce new unit for Honours,
Master of Business Economics
(3842) and Master of Economics
(4427)
Introduce a new unit to meet the
meet the requirements of Part II
of the Actuaries Institute
Semester 1, 2013
2774
ETC4120
Actuarial Practice II
Semester 1, 2013
2775
ETC4130
Asset Liability Management
Introduce a new unit to meet the
meet the requirements of Part II
of the Actuaries Institute
Introduce a new unit to meet the
meet the requirements of Part II
of the Actuaries Institute
Semester 1, 2013
2776
8.2
Unit Amendments effective 2013
Code
Title
Detail
AFC3140
Advanced corporate finance
Amend synopsis
AFC3170
Management of financial
intermediaries
AFC3240
International finance
MGC2410
Industrial relations
Amend unit synopsis and
learning objectives
Amend synopsis and
assessment weighting.
Amend unit title, synopsis and
learning objectives
AFX3871
International study program in
banking and finance
AFX4030
Advanced modelling in finance
ETC2440
ETC2440
Mathematics for economics and
business
Mathematics for economics and
business
Effective
PAN
Semester 1, 2013
2740
Semester 1, 2013
2640
Semester 1, 2013
2738
Semester 1, 2013
2649
Amend prohibitions
2012 Summer A
2741
Amend unit synopsis
Semester 1, 2013
2755
Amend unit prohibitions
Semester 1, 2013
2594
Amend synopsis
Semester 1, 2013
2633
ETC2480
Business modelling methods
Amend unit synopsis
Semester 1, 2013
2545
ETC2520
Probability and statistical inference
for economics and business
Amend unit prohibitions
Semester 1, 2013
2591
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 7 of 9
ETC3400
Principles of econometrics
Amend unit prerequisites
Semester 1, 2013
2593
ETC3420
Bayesian modelling and risk
analysis
Amend unit prerequisites
Semester 1, 2013
2592
ETC3490
Business simulation
Amend unit synopsis and
objectives
Amend unit title
Semester 1, 2013
2648
2660
ETC3510
Modelling in finance and insurance
Amend unit prerequisites
Semester 1, 2013
2595
ECC3650
Applied general equilibrium
economics
Semester 1, 2013
2816
ETX1100
Business statistics
Amend synopsis and
corresponding unit outcomes
Amend unit prerequisites and
prohibitions
Semester 1, 2013
2654
Amend unit objectives
Semester 1, 2013
2677
Amend prerequisites
Semester 1, 2013
2657
Semester 1, 2013
2584
Semester 1, 2013
2585
Amend unit co-requisites
Semester 1, 2013
2586
ETX2011
MGX4000
MGX4100
MGX4200
MGX4300
Quantitative methods for risk
analysis
Introductory management research
methods
Perspectives and paradigms in
management theory
Data analysis for organisational
research
Contemporary issues in
management
Amend unit prerequisites and
co-requisites
Amend unit prerequisites and
co-requisites
MKC2110
Buyer behaviour in marketing
Amend assessment
Semester 1, 2013
2623
MKC3220
International marketing
Amend assessment
Semester 1, 2013
2624
MGC2410
Industrial relations
Amend unit title, synopsis and
learning objectives
Semester 1, 2012
2649
MKC3460
Integrated marketing
communication
Amend assessment
Semester 1, 2013
2625
MKX4060
Marketing research practice
Amend unit synopsis
Semester 2, 2013
2739
AFX4130
Bank management and risk
analysis
Disestablish unit
Semester 1, 2013
2575
AFX4140
Corporate financial theory
Disestablish unit
Semester 1, 2013
2576
9
OTHER BUSINESS
9.1
Accreditation update – Dr Ross Booth and Fiona Bertoli
Two recommendations relating to TEQSA referred to the Faculty Education Committee.


Discuss whether or not the Board’s current terms of reference adequately cover the relevant Standards;
and
Consider whether the Board needs to implement enhanced reporting and monitoring to demonstrate
annual compliance with the Standards.
Faculty Education Committee will consider the matter at Meeting 3/2012 on 28 June. The University would be
advised on 1 July 2012 which five courses would be nominated for assessment against learning standards.
(AACSB) Accreditation
 Audit visits on 21 to 24 April 2013.
 The mock audit will proceed on 29 and 30 November 2012.
 AOL emphasis for semester 1, 2012 with second round reviews in semester 2, 2012 commencing with the
Department of Accounting and Finance.
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 8 of 9


Deputy Dean, Education will be facilitating the South Africa staff briefing session scheduled for 04 July
2012 which will video link with the Accreditation team.
Revised AOL Planning Cycle can be viewed in the USC 2/12 minutes, page 11
http://www.buseco.monash.edu.au/esg/agu/comm/ugrad-ops/meeting-papers/usc2-12/minutes/2-12-uscminutes-final.pdf
*9.2
New courses, major amendments and other amendments

Amendment to unit MKX3002 Enhanced research skills (PAN2824) to change offering option so
prospective BCom Hons students may undertake this unit. Implementation date Sem 1 2013.
9.3
Bachelor of Commerce (Accounting) Update
9.4
Academic Programs Offered from Multiple Campuses


10
Multi-campus unit checklists will be sent to all CEs of Sem 1, 2012 units for completion and return to
Kerryn Chewe.
A reminder will be sent to all CEs of Sem 2 multi-campus units in the near future, with a link to the
relevant Policy and the checklist completion requirement at the end the semester.
NEXT MEETING
Wednesday, 15 August 2012
Dates for BCom CAG
meeting 2012.docx
Bachelor of Commerce Course Advisory Group – Agenda 02/2012
Page 9 of 9