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 Academic Year: | 2016/7 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW 30%, EX 70% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | While taking this module you must take ES50074 AND take ES50105 |
| Description:
| Aims: The aim of this module is to develop a critical understanding of how modern corporations and managers operate within the global economy and financial markets. It will introduce key theories, methodologies, tools, best practices and evidence used by managers in financial and investment decision making. Emphasis will be placed on discussing the different types, functions and participants of financial markets along with how financial assets and portfolios are created, traded and priced. Learning Outcomes: By the end of the module students will * have acquired a thorough understanding of the characteristics of different financial assets and derivate markets: money market instruments, bonds, and stocks, and how to buy and sell these assets in financial markets. * understand the benefits of diversification and risk management based on the investors' objectives in constructing portfolios of assets, and the importance played by the market portfolio/chosen index * know how to use data in order to obtain asset valuations using models and price fixed income securities, stocks, and how to use different derivative securities to manage their investment risks. Skills: Analytical skills: modelling skills essential in arriving at fully informed investment and resource allocation decisions (T/F/A) Quantitative skills: data analysis, problem solving skills based on quantitative Information, probability evaluation of risky outcomes (T/F/A) Writing skills: Ability to express the problems and derived solutions in a cogent, disciplined and clear manner (T/F/A) Content: Financial theories: portfolio theory, the linear asset pricing models Equity and equity options Fixed income instruments and fixed income derivatives Credit market and credit derivatives Portfolio managers' performance measurement Basic principles of behavioural finance Evaluation of empirical/econometric evidence. |
| Programme availability: |
ES50106 is Optional on the following programmes:Department of Economics
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Notes:
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