School of Management, Unit Catalogue 2009/10 |
MN50429: Financial engineering |
 Credits:
| 6 |
| Level:
| Masters |
| Period: | Semester 2 |
| Assessment:
| EX 100% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| In taking this unit you cannot take MA50196 |
| Description: | 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. |