MN22018: Intermediate finance
[Page last updated: 15 November 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 20 [equivalent to 40 CATS credits] |
| Notional Study Hours: | 400 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
- Academic Year
|
| Assessment Summary: | EXCB 100% |
| Assessment Detail: |
- Exam on Part I Corporate Finance (EXCB 50%)
- Exam on Part II Empirical Finance (EXCB 50%)
|
| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
|
| Requisites: |
|
| Learning Outcomes: |
Part I: corporate finance
- Demonstrate an understanding of features of equity and fixed-income instruments
- Understand the theoretical basis of the time value of money and the calculation of present values and be able to equity and fixed-income financial instruments
- Evaluate assets from risk and return perspectives and construct portfolios
- Understand the principles of financial derivatives
- Identify potential conflicts of interest in finance and banking practice
- Explain the roles of EU and UK institutions in the development of finance practice
- Discuss arguments for broadening the scope of the corporate finance and banking
Part II: empirical finance:
- Undertake and evaluate regression analysis
- Comprehend the fundamental assumptions of OLS regression
|
| Synopsis: | Advance your knowledge of corporate finance by exploring a range of areas from capital structure to pay-out policies. You will also develop your quantitative skills by exploring methods of empirical analysis and economic analysis tools. You will further advance your knowledge of theories of asset pricing, valuation of alternative financial instruments and portfolio diversification.
|
| Content: | Discounted cash flow model: NPV, IRR
Equity (valuation, portfolio theory, asset pricing pay-out policy, efficient market hypothesis)
Fixed income (valuation, duration, yield)
Cost of capital, capital structure, mergers and acquisitions
Financial derivatives instruments
Contemporary issues: Actors and their roles, markets for finance and financing related services. Principles of corporate governance, conflicts of interest, agency problems, Banking practices
The nature of econometrics, bivariate regression analysis, multiple regression analysis, functional forms, multicollinearity, heteroskedasticity, autocorrelation, endogeneity
|
| Course availability: |
MN22018 is Compulsory on the following courses:
School of Management
- UMMN-AFB10 : BSc(Hons) Accounting and Finance (Year 2)
- UMMN-AKB10 : BSc(Hons) Accounting and Finance with work placement (Year 2)
|
Notes: - This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
- 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.
|
