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ES50074: Financial economics

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: Department of Economics
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: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework 1 (CW 30%)
  • Coursework 2 (CW 70%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
To equip students with the capacity to critically evaluate the fundamental concepts in modern financial economics.
To develop a range of appropriate quantitative skills, such as dynamic methods and optimising asset pricing models.
To enable students to develop the ability to apply analytical and statistical techniques to market data and critically evaluate the results.

Learning Outcomes:
On successful completion of the unit students will have acquired comprehensive understanding of the roles of the capital markets, pricing assets in speculative markets, the importance of market imperfections, excessive volatility. The students are expected to demonstrate subject-specific technical skills in asset valuation under different market environments and ability to conduct simple empirical investigations.

Skills:

* Use of optimization techniques in the context of financial economics. (F/T)
* Understanding the concept of risk and the attitude of economic agents towards it. (F/T)
* Use of IT for data collection, use of the appropriate software to conduct small scale empirical research (F/T).

Content:
This unit provides knowledge of financial markets in a macro- and microeconomic context. Students learn the relevant processes of financial markets in underlying and derivative markets with regard to price and expectations formation. They gain an analytical insight into the effect macroeconomic variables have on the financial markets. The unit aims to closely combine theoretical knowledge with empirical evidence.
Further information on programme availabilityProgramme availability:

ES50074 is a Designated Essential Unit on the following programmes:

Department of Economics

ES50074 is Optional on the following programmes:

Department of Economics

ES50074 is available for Auditing on the following programmes:

Department of Economics

Notes: