MN52104: Introduction to quantitative finance
[Page last updated: 23 October 2023]
| Academic Year: | 2023/24 |
| Owning Department/School: | School of Management |
| Credits: | 5 [equivalent to 10 CATS credits] |
| Notional Study Hours: | 100 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
- Semester 1
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| Assessment Summary: | CWRI 80%, EXIC 20% |
| Assessment Detail: |
- Quiz 1 (EXIC 10%)
- Quiz 2 (EXIC 10%)
- Final project (CWRI 80%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
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| Learning Outcomes: |
By the end of the unit, you will be able to:
- Understand properties of financial series
- Understand financial instruments and hedging (equities, bonds, rates, derivates)
- Understand common machine learning tools to model financial markets
- Identify common pitfalls of machine learning techniques
- Backtest different strategies using Python
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| Synopsis: | Develop a broad understanding of the complete and incomplete markets and how to apply them to asset pricing. You will also explore a range of financial derivatives and gain the skills to apply mathematical tools to price and hedge financial instruments.
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| Content: | Key elements to be included:
- Quantitative risk and return,
- Principles of algorithms,
- Introduction to relevant econometrics models,
- Financial Instruments and Hedging,
- Machine learning.
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| Course availability: |
MN52104 is Compulsory on the following courses:
School of Management
MN52104 is Optional on the following courses:
School of Management
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Notes: - This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
- Courses 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.
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