School of Management, Unit Catalogue 2008/09 |
MN50429 Financial engineering |
| Credits: 6 |
| Level: Masters |
| Semester: 2 |
| Assessment: EX 100% |
| Requisites: |
| In taking this unit you cannot take MN50196 |
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Aims: The aim is to introduce students to the principles of developing and pricing new financial products.
Learning Outcomes: By the end of this unit, the student should be able to: * assess the properties of new financial products * explain the principles of pricing new financial products * evaluate the risks associated with new financial products. 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: Derivatives pricing, pricing in incomplete markets, product innovation and design of new financial instruments. |