Macquarie University
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Threshold concepts in finance

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posted on 2022-03-28, 12:31 authored by Susan Marie Hoadley
This thesis investigates staff and student perceptions of threshold concepts in finance to inform curriculum design, pedagogical practices and professional development, and hence improve student engagement and outcomes. Threshold concepts are the essential conceptual knowledge that underpin well-developed capabilities in finance. Finance capabilities are essential in our society and in increasing demand, as indicated by industry trends and recent significant growth in students undertaking finance programs. However, research into what should be taught in finance programs to develop these capabilities is extremely limited. For the first time, this thesis uses threshold concept theory both as a theoretical framework and a research methodology to investigate the threshold concepts that are central to the mastery of finance. Data from a focus group, interviews and questionnaires with finance academics and students are analysed and compared using a combination of qualitative and quantitative techniques. The thesis makes proposals for threshold concepts in finance, locates these within the finance curriculum and investigates the extent to which students are aware of the threshold concepts in finance. In addition, the thesis explores the role of mathematics in finance and the value of threshold concepts for learning and teaching finance as perceived by finance academics. The general applicability of threshold concept theory as a means of curriculum inquiry is demonstrated and critically reviewed.


Table of Contents

Chapter 1. Introduction -- Chapter 2. Paper 1 - Threshold concepts in finance and the role of mathematics -- Chapter 3. Paper 2 - Threshold concepts in finance: conceptualising the curriculum -- Chapter 4. Paper 3 - Threshold concepts in finance: student perspectives -- Chapter 5. Conclusions -- Appendices.


"This thesis is presented for the degree of Doctor of Philosophy, Macquarie University, Department of Marketing and Management". Bibliography: pages 135-145

Awarding Institution

Macquarie University

Degree Type

Thesis PhD


PhD, Macquarie University, Faculty of Business and Economics, Department of Marketing and Management

Department, Centre or School

Department of Marketing and Management

Year of Award


Principal Supervisor

Leigh Wood

Additional Supervisor 1

Leonie Tickle


Copyright Susan Marie Hoadley 2015. Copyright disclaimer: Copyright disclaimer:






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