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 Academic Year: | 2016/7 |
| Owning Department/School: | School of Management |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
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| Assessment Summary: | CW 20%, EX 80% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | Before taking this module you must take MN10311 AND ( take MN20026 OR take MN20502 ) . Only students who have an aptitude for calculus, matrix-algebra and basic econometrics are advised to take this unit. |
| Description:
| Aims: The module aims to provide students with: * Understanding of the role of risk aversion in investor preferences * Fundamental concepts of portfolio diversification * Understanding of the derivation and implications of asset pricing models * Appreciation of the role of information in financial markets * Understanding of alternative market microstructures * Applications of theory to evaluate equity portfolios. Learning Outcomes: By the end of this unit, the student should be able to: * Characterise properties of specific utility functions * Crirtical evaluate models of asset pricing and market microstructure * Assess portfolio performance * Critically discuss equity market events. 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 equity markets; 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: Investment decisions under certainty and uncertainty, investors rationality, risk aversion, portfolio diversification, asset pricing models, market efficiency, market microstructure, portfolio evaluation and fund management, developments in equity markets. |
| Programme availability: |
MN30506 is Optional on the following programmes:School of Management
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Notes:
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