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 lectures and workshops
    • Prefer to attend face-to-face classes?

      Take advantage of the benefits of blended learning by attending weekly face-to-face lectures or a series of three intensive workshops.*

       

      Weekly lectures

      A series of lectures will be conducted over the study period for subjects FPC001 Economic, Legal and Ethical Context for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice. Face-to-face lectures will be progressively rolled out for further subjects throughout 2018. Each two-hour lecture will focus on specific topics, giving you the flexibility to pick and choose which lectures to attend. Weekly lectures will be held at a central Sydney CBD location and will also be live streamed online via webinar if you are located in another city or unable to attend in person. Recorded versions of each webinar will also be made available.

       

      Intensive workshops

      A series of three intensive workshops will be offered throughout the study period for subjects FPC001 Economic, Legal and Ethical Context for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement Advice and FPC004 Insurance Advice. Intensive workshops will be progressively rolled out for further subjects throughout 2018. Each full-day workshop will be offered from central Sydney, Melbourne and Brisbane CBD locations and will cover multiple topics.

       

      Lectures and workshops are hosted by a leading industry practitioner and will complement online study materials by focusing on key concepts using practical examples. Not only will this provide you with practical application of theory and knowledge, you’ll also have the opportunity to interact with other individuals in your cohort to discuss current and topical affairs.

       

      Expect to benefit from:

      • A practical understating of each topic  
      • Clarification on any challenges you may be having with a particular topic  
      • Asking questions about upcoming exams and assignments

      You can register for lectures or intensive workshops at no additional charge, once successfully enrolled in subjects FPC001 Economic, Legal and Ethical Context for Financial PlanningFPC002 Applied Financial PlanningFPC003 Superannuation and Retirement Advice or FPC004 Insurance Advice.

       

      * Face-to-face lectures and workshops are offered for subjects FPC001, FPC002, FPC003 and FPC004 only. Weekly face-to-face lectures are offered in Sydney CBD only. Lectures and workshops are offered for Study Period 3 2018 and are subject to change for the remainder of 2018. Attendance is not compulsory.

  • 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

      plus

      • 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.