- Academic Registry
Programme & Unit Catalogues


MN50374: Introduction to quantitative finance

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Project (CW 80%)
  • Online discussion (CW 10%)
  • Online quizzes (CW 10%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
The aim is to introduce students to the concept of complete and incomplete markets as well as their applications to price assets.

Learning Outcomes:
By the end of this unit, the student should be able to:
* define compete and incomplete markets;
* analyze investment decisions by investors;
* apply the ideas of complete and incomplete markets to price and hedge financial instruments.

Skills:
Intellectual Skills
* the facility to apply subject-specific knowledge into a range of complex situations; TFA
* a critical awareness of current issues and frameworks in finance; F
* the ability to acquire and analyse data, information and situations; to evaluate relevance and validity, and to synthesise it in the context of finance problems; FA
* an understanding of appropriate research and methodological techniques that allow detailed investigation of problems and ability to use these skills to produce professional and critical reports. A
Professional Practical Skills
* evaluate the current standing of theories and empirical evidence and suggest improvements to them; TFA
* operate effectively both independently as well as within teams and assume leadership roles where appropriate; FA
* be self-directed and able to act autonomously in planning and implementing. F
Transferable/Key Skills
* ability to conduct in-depth research into finance problems. FA
Personal/Interpersonal
* the facility to communicate including presenting and marketing themselves and their ideas. FA

Content:
Continuous time finance, complete and incomplete markets, risk-neutral pricing of derivatives.
Further information on programme availabilityProgramme availability:

MN50374 is Compulsory on the following programmes:

School of Management

MN50374 is Optional on the following programmes:

Department of Economics School of Management

Notes:

  • This unit catalogue is applicable for the 2020/21 academic year only. Students continuing their studies into 2021/22 and beyond should not assume that this unit will be available in future years in the format displayed here for 2020/21.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.