FPC001 Economic, Legal and Ethical Context for Financial Planning

This core subject provides an overview of key economic concepts. It focuses on economic issues of current relevance and develops the ability to interpret basic economic information and understand the impact of current economic and market events.

The subject also introduces students to the key drivers of law and regulation in the Australian financial services industry to enable them to appreciate the critical role that law, regulation and ethics play in wealth management and financial planning.

For more information, please refer to the subject outline.

  • Learning outcomes
    • At the completion of this subject students should be able to:

      1. Explore the role of intermediaries in financial markets.
      2. Explain the impact of current issues and key economic and financial indicators on the Australian and global financial markets.
      3. Analyse the impact of government and monetary policy on the Australian financial markets.
      4. Examine some of the major issues currently facing the financial planning industry in Australia
      5. Explore the main sources of Law and the regulatory structure of Financial services law in Australia.
      6. Explain the various obligations imposed on participants by financial services legislation.
      7. Demonstrate an understanding of codes of practice applicable to the financial planning profession.
      8. Apply ethical values and principles and relevant legislation to various scenarios.
  • Subject Content
    • Topic Title
      Topic 1 Overview of global financial markets and participants
      Topic 2 Economic principles and management
      Topic 3 Economic management
      Topic 4 Overview of financial services law
      Topic 5 Regulatory framework
      Topic 6 AFSL
      Topic 7 The Australian financial advice environment
      Topic 8 Disclosure
      Topic 9 Ethics

  • Face-to-face workshops
  • Assessment
  • Prerequisites
    • There are no prerequisites for this subject. 

  • Course transition subject equivalence
    • Students who transition from a SIA/Finsia/Kaplan course and have completed the following subjects within the course completion time frame may not also complete this subject:

      • FIN101 Financial Markets and Economic Principles or
      • FIN111 Financial Markets and Economic Principles or
      • C1 Financial Markets and Economics


      • FIN102 Regulation, Ethics and Risk Management or
      • FIN112 Law, Regulation and Ethics or
      • C3 Securities Industry Law and Ethics
  • Reading list
    • There are no prescribed texts for this subject.

      Details of any required and further readings for this subject are provided in the subject room.  Purchase of any text other than a prescribed text is not required.