|
 Academic Year:
| 2015/6 |
| Owning Department/School:
| School of Management |
| Credits:
| 6 |
| Level:
| Intermediate (FHEQ level 5) |
| Period: |
Semester 1 |
| Assessment Summary:
| EX 100% |
| Assessment Detail: |
|
| Supplementary Assessment: |
Like-for-like reassessment (where allowed by programme regulations) |
| Requisites: |
Before taking this module you must take MN10571
In taking this module you cannot take ES20070 OR take MN20026 OR take MN20502 |
| Description:
| Aims: This unit builds upon Introduction to Finance. It further develops students¿ knowledge and understanding of the principal tools of economic analysis used in financial decision making. It introduces students to the key principles of international portfolio diversification and efficient markets; the theories of asset pricing, and the valuation of alternative financial instruments such as forward foreign currency contracts. Learning Outcomes: At the end of this unit students will be able to: 1. understand capital budgeting in an international context 2. construct a diversified international portfolio 3. critically evaluate the theory of efficient markets 4. value equity and fixed-income financial instruments 5. differentiate between different types of options 6. understand the principles of futures and forward foreign currency contracts. Skills: Numerical facility with accounting and financial data, and identification/conversion to relevant economic data for decision-making. Content: Extensions & applications of present value model, optimality of NPV rule; security valuation: equities and bonds; risk, return and international cost of capital; portfolio theory and diversification; asset pricing & CAPM; stock market efficiency; options; forwards and futures foreign exchange contracts. |
| Programme availability: |
MN20600 is Compulsory on the following programmes:School of Management
MN20600 is Optional on the following programmes:School of Management
|