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School of Management, Unit Catalogue 2011/12

MN50429: Financial engineering

Click here for further information Credits: 6
Click here for further information Level: Masters UG & PG (FHEQ level 7)
Click here for further information Period: Semester 2
Click here for further information Assessment: EX 100%
Click here for further information Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Click here for further information Requisites: Before taking this unit you must take MA50196
Click here for further information 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.

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
* the facility to communicate including presenting and marketing themselves and their ideas. FA

Pricing exotic options, structured finance, numerical methods of derivatives pricing, hedging of derivatives positions.
Click here for further informationProgramme availability:

MN50429 is a Designated Essential Unit on the following programmes:

School of Management

MN50429 is Optional on the following programmes:

Department of Economics School of Management
NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.