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MN10571: Introduction to finance

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: School of Management
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Certificate (FHEQ level 4)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 20%, EX 80%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 20% - Qualifying Mark: 35)
  • Examination (EX 80% - Qualifying Mark: 35)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites: In taking this module you cannot take MN10311 OR take MN10500
Before taking this module you must take MN10566
Further information on descriptions Description: Aims:
As its name suggests, this unit is designed as a first course in finance. It provides a solid grounding across a number of finance topics; and is designed to be useful in its own right as well as providing preparation for more advanced studies of the subject.
The unit aims to provide students with a thorough first treatment of: the business finance environment; the arithmetic of finance and rates; investing the firm's resources; funding the firm's activities; and the management of financial relations with stakeholders. From a foundation in theory, we use discursive and numerical approaches to unlock these fascinating areas. The themes of value, return and risk run throughout the unit.

Learning Outcomes:
On completion of this unit, students should be able, commensurate with their stage of study, to:
1. Describe, explain and illustrate: the business finance environment and the context of financial management; the capital investment decision; the financing decision and the capital structure question; the dividend policy question; rate setting; the role of financial intermediaries; and the basic value, return and risk characteristics of bond and equity instruments.
2. List, describe, explain, illustrate, compare and contrast: alternative techniques for investment appraisal; different sources of finance; different approaches to the capital structure question; various impactors on dividend policy; bonds versus equity instruments; and alternative perspectives on risk.
3. Cite, explain, select and apply appropriate theory and models to solve related questions and numerical problems.
4. Assess and criticize selected finance models.

Skills:
On completion of this unit, students should have developed, commensurate with their stage of study, in the following skills areas:
1. Problem Solving:
* Identify the precise problem to be solved
* Assess which data are pertinent to the problem
* Recognize that alternative solution methods might be available
* Select and apply appropriate methods for solving the problem
* Assess the reasonableness of problem solutions and interpret those solutions
2. Research skills: identify which information sources are available to facilitate module study (understanding, wider reading); and provide examples/illustration of unit topics in a real world context.
3. Communication:
* Develop confidence in and clarity of oral communication via tutorial participation
* Develop clarity and focus of written communication via development of answers to self-study questions
* Develop and use appropriate subject-specific vocabulary in oral and written communication
4. Information technology:
* Use a variety of electronic web- and library-based resources to review available information and retrieve pertinent information
* Use spreadsheet software to complete elements of the self-study (e.g., for ease of tabulated numerical calculations, production of summary statistics, etc.)
5. Application of number/mathematics:
* Develop an easy familiarity with numerical and financial data
* Develop competence in understanding and appropriately applying basic financial mathematics and financial mathematical formulae
* Apply numerical data to problem solving with care and accuracy
* Assess the reasonableness of and interpret numerical solutions
* Support assertions/arguments with appropriately developed and presented numerical data
* Calculate and use descriptive statistics
6. Personal development and career planning: develop an understanding of and skills in finance which are useful/essential in a number of different occupations; and in personal financial planning and management.

Content:
1. Appraisal of capital projects including financial/rate arithmetic
2. The business finance environment
3. Sources of finance and cost of capital
4. Capital structure
5. Dividend policy
6. Institutional aspects
7. Investor perspective on bonds andd shares.
Further information on programme availabilityProgramme availability:

MN10571 is Compulsory on the following programmes:

School of Management
  • UMMN-AYB06 : BSc(Hons) International Management with Year Abroad (Year 1)
  • UMMN-AFB04 : BSc(Hons) Management (Year 1)
  • UMMN-AKB04 : BSc(Hons) Management with Year long work placement (Year 1)
  • UMMN-AKB05 : BSc(Hons) Management with Marketing with Year long work placement (Year 1)

Notes: