School of Management, Unit Catalogue 2006/07

MN50374 Introduction to quantitative finance

Credits: 6

Level: Masters

Semester: 1

Assessment: EX100

Requisites:

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:
Pricing and hedging in complete markets, incomplete markets, basics of continuous time finance.

University | Catalogues for 2006/07