School of Management, Unit Catalogue 2011/12 |
|
 Credits:
| 6 |
| Level:
| Masters UG & PG (FHEQ level 7) |
| Period: |
Semester 1 |
| Assessment:
| EX 100% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| |
| Description:
| Aims: The aim is to introduce students to the concept of complete and incomplete markets as well as their applications to price assets. Learning Outcomes: By the end of this unit, the student should be able to: * define compete and incomplete markets; * analyze investment decisions by investors; * apply the ideas of complete and incomplete markets to price and hedge financial instruments. 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 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 Personal/Interpersonal * the facility to communicate including presenting and marketing themselves and their ideas. FA Content: Continuous time finance, complete and incomplete markets, risk-neutral pricing of derivatives. |
| Programme availability: |
MN50374 is a Designated Essential Unit on the following programmes:School of Management
MN50374 is Optional on the following programmes:Department of Economics
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