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MN30506: Financial markets - equity

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: Honours (FHEQ level 6)
Further information on teaching periods Period:
Semester 1
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: Before taking this module you must take MN10311 AND ( take MN20026 OR take MN20502 ) . Only students who have an aptitude for calculus, matrix-algebra and basic econometrics are advised to take this unit.
Further information on descriptions Description: Aims:
The module aims to provide students with:
* Understanding of the role of risk aversion in investor preferences
* Fundamental concepts of portfolio diversification
* Understanding of the derivation and implications of asset pricing models
* Appreciation of the role of information in financial markets
* Understanding of alternative market microstructures
* Applications of theory to evaluate equity portfolios.

Learning Outcomes:
By the end of this unit, the student should be able to:
* Characterise properties of specific utility functions
* Crirtical evaluate models of asset pricing and market microstructure
* Assess portfolio performance
* Critically discuss equity market events.

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 equity markets; 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:
Investment decisions under certainty and uncertainty, investors rationality, risk aversion, portfolio diversification, asset pricing models, market efficiency, market microstructure, portfolio evaluation and fund management, developments in equity markets.
Further information on programme availabilityProgramme availability:

MN30506 is Optional on the following programmes:

School of Management
  • UMMN-AFB02 : BSc(Hons) Accounting and Finance (Year 3)
  • UMMN-AKB02 : BSc(Hons) Accounting and Finance with Year long work placement (Year 4)
  • UMMN-ANB01 : BSc(Hons) Business Administration with Thin sandwich placement(s) (Year 4)

Notes: