BFF3751 Derivatives 1
Mid semester test details
Semester 1, 2020
Date and time
The mid semester test (MST) has been centrally timetabled:
– Wednesday 13th May 6.00pm.
– All students, irrespective of where they are located, will commence the MST
at 6pm Australian Eastern Standard Time (i.e., 6pm Melbourne time).
The University has ruled that MSTs take priority over all other
scheduled activities. Hence, if you have other lectures or
tutorials at 6pm on 13th May, you must do the BFF3751 MST at
this time.
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Date and time
The MST will be conducted via the BFF3751 Moodle site in the
form of an MCQ quiz.
– Students should ensure that they have reliable internet access for the
duration of the MST.
– Students should also keep an eye on their Monash email during the test. If I
need to communicate with you (e.g., correct a typo or clarify a question), I
will do so via email.
On completion of the MST:
– If you finish the exam and want to submit early, you can hit “submit” at any
time.
– Otherwise, when time is up, Moodle automatically submits whatever
answers you have entered.
– Note that Moodle progressively saves your answers for each question as
you enter them.
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Duration and format
The MST is worth 35% of the total marks for the semester.
It comprises 40 Multiple Choice Questions.
The duration is one hour and forty minutes (100 mins) in total.
The exam will cover:
– Lectures 1-5, and
– Tutorials 1-5 (all questions, not just the asterisks).
– “First Week Tutorial” notes and videos and associated PDF files.
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You will need to use a calculator on many questions.
Given that it is run over Moodle, it is essentially an open-book
test.
There is no need for a formula sheet (it’s an open-book test!):
– However, on Moodle, I have provided the formula sheet that I would
normally include in a closed-book exam.
– That formula sheet contains key formulae from weeks 1-5. Any
formulae not on that sheet are the ones that I would expect you to
know by now.
– I would advise you to prepare your own formula sheet to use during
the exam. You are in the best position to know which formulae you
remember and which you don’t.
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Nature of the exam
The level of difficulty of the questions will vary:
– Some questions will be relatively quick and straight forward. Students who
have been working hard since week 1 should perform well on these
questions.
– Other questions will be more challenging, allowing the better students to
differentiate themselves.
As I have repeatedly advised since week 1, students should
focus on understanding the content, not memorising answers to
tute questions.
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How to prepare
As I have said during lectures, the level of difficulty of our
Moodle quizzes is not necessarily indicative of the level of
difficulty of the MST. The quizzes were intended to be relatively
straight-forward and merely to incentivise students to work hard
from week 1.
My advice would be to prepare for the MST like you would
normally prepare for a closed-book exam:
– Try to understand the topics well enough that you could comfortably sit a
closed-book exam. If you can do this, then you will be in a strong position.
– It would be a mistake to think that, because it’s open book, you can just
revise topics “on the fly” as needs be. For example: “Umm, I don’t know
how to do Q23, so I’ll just go and look over Lecture 3 again”.
– Completing 40 MCQ in 100 minutes will keep you busy. You will not have
time to be flicking through lecture/tutorial notes to remember how to do
things. 7
How to prepare
How to prepare:
– Re-read the lecture notes and listen to lecture recordings again.
– Re-read the relevant sections of the text book.
– Work through all tutorial questions until you understand the concepts. View
the tutorial video answers as needs be.
Supplementary questions (do you need to do them?)
– The concepts that will be examined have been introduced and presented in
the lectures and tutorials. Hence, they are sufficient preparation.
– The Supp Qs are just extra practice for highly-motivated students.
– Historically, students who put time into working through the Supp Qs seem
to understand topics well and do very well in assessment.
There are no practice exams. You have more than enough
material at your disposal from which to master the topics.
The online quizzes are no longer available for review. 8
Week 8
The MST runs during Week 8 of the semester (week beginning
11th May).
There will be no BFF3751 lecture or tutorials during the exam
week.
The University has ruled that MST takes priority over all other
scheduled activities. Hence, if you have other lectures or
tutorials at 6pm on 13th May, you must do the BFF3751 MST at
this time.
I will provide updated tutor consultation times leading into the
test.
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Miscellaneous
As is the case with all assessment, any student who misses the
test for medical reasons:
– Must follow university procedures to notify the Chief Examiner (Philip Gray)
within two days of missing the MST and provide satisfactory documentation.
Students who do not complete the MST and have satisfactory
medical documentation will complete deferred assessment later
in the semester. However:
– The format of this deferred assessment has not yet been determined.
– It is very unlikely to be an MCQ test.
– Other possibilities are a closed-book written test done under invigilation, or
an oral test where you demonstrate your knowledge and understanding of
the unit content verbally in a one-on-one session with me.
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Student charter and academic integrity
A reminder about the student charter you signed when you first
joined Monash.
As a Monash student, you are expected to:
– undertake your studies with honesty and integrity,
– credit the work of others, seek permission to use that work where
required and not plagiarise or cheat.
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