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Learn about the assessment process and guidelines for active tutorial participation in FINS1613 Team Problems course. Find out how to form teams and tips for effective teamwork.
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Tutorial 1 Yufeng Yao
Where to find my slides? • https://yufengyao.wordpress.com/ • Upload by Friday
Assessment of tutorial contribution Assessment of Team Work is currently very small! FINS1613 Team Problems
Active Tutorial Participation Rubric Student assessed by Tutor/ Student does self-assessment FINS1613 Team Problems
Team Work Rubric Students form teams of 4 members (only by exception 3 or 5 members) Each member will be required to assess the other team members the Team Work component of the rubric. Student does self-assessment / Student assesses other team members
Process Week 7 tutorial Tutor gives individual students a preliminary grade based on observations in Weeks 2, 3, 4, 5, and 6. Before tutorial, each student does a self-assessment and team assessment. At the tutorial, team members exchange their respective team assessments and discuss how to improve (10 mins). At the end of the tutorial, students give the tutor their self-assessments and team assessments. If the student’s self assessment only differs from the tutor’s assessment by one box, then 1% bonus mark awarded in the final grade. End of Term Tutor gives a each student a final grade based on full term’s observations. Only the tutor’s grade counts.This grade will appear in Moodle. No further self-assessments or team assessments. NOTES: The above is currently done using paper, but we are developing an electronic version via Moodle. To be confirmed. To get more information, see Moodle >> Course Admin Folder >> Assessments and Schedule >> document “Active Tutorial Participation Rubric.PDF” FINS1613 Team Problems
Forming Teams • Step 1: • Please form teams of 4 students. Only by exception are teams of 3 or 5 permitted. • Step 2: • Please write on a piece of paper (provided by tutor): • FINS1613 Tutorial day/ Room number/ Tutor Name/ Tutor email address • Team Name: (choose a short name) • Team Number: (given by the tutor) • Member 1: (full name) (UNSW zID) (Email Address) • Member 2: (full name) (UNSW zID) (Email Address) • Member 3: (full name) (UNSW zID) (Email Address) • Member 4: (full name) (UNSW zID) (Email Address) • Step 3: • Take team selfie photo and a photo of the paper with the names. • Edit the photo by writing “1”, “2”, “3”, “4” to identify the team members. • One team member should email the tutor the team selfie and the paper with the names
Tips on Working in Teams FINS1613 Team Problems
What role are you playing? It’s good to know your dominant role. It’s also good to know how to switch roles. Dominant leaders • Watch out that you don’t hog the discussion space. • Encourage followers to participate. • You can’t be a leader unless you have followers. • A leader spends more time listening and communicating the big picture! • Remember this is a team problem solving exercise! Dominant followers • Watch out that you don’t get left behind. • Ask when you don’t know what’s going on or don’t understand what your team members are saying. • Followers can become leaders by listening and summarizing to get clearer understanding by the whole team. • Leaders can and should become followers too. FINS1613 Team Problems
How to discuss problems in teams • Read the problem individually/ quietly: UNDERSTAND PROBLEM YOURSELF • What do you understand of the problem • How would you break down the problem – identify levels of complexity • Draw a diagram • Then discuss what you have found: UNDERSTAND PROBLEM AS A TEAM • Take turns at who starts speaking first. Identify the levels of complexity. • The others should listen first and only speak when the speaker has finished. • Allow everyone to speak and respond. • Then discuss the solution strategy: SOLVE PROBLEM IN PARTS/ EACH ONE PART • Agree on a diagram of cash flows, time, number of periods, etc. • Start on a solution … you will not have time to solve it in the tutorial. • Finish solving it at home • A partial solution will then be posted in Moodle. FINS1613 Team Problems
Answer: A, B, D A: Firms in share markets B: Inheritor can inherit dead owners’ share. C: Corporation cannot use owners’ assets, because owners have limited liability. D: The maximum loss of shareholder is the amount of investment
Answer: C A: Australian tax system avoids the double taxation B: Corporation only end when corporation go bankrupt D: The maximum loss of shareholder is the amount of investment
Answer: B, C A: Agency problem exist in everywhere. Agency problem is insolvable issues in the real world, because managers do not work in the best interests of principals in most situations. B: The reason of agency problem. C: Sometimes, the existence of agency problem is due to higher cost of solving the agency problem. D: If the best interest of your parents is to make you happy, I think this option is correct.
Answer: B,C Primary market Corporations financial institutions (Bank, Investment bank) Secondary market Investors Investors
