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Academic Year: | 2018/9 | |
Owning Department/School: | School of Management | |
Credits: | 6 [equivalent to 12 CATS credits] | |
Notional Study Hours: | 120 | |
Level: | Intermediate (FHEQ level 5) | |
Period: |
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Assessment Summary: | EX 100% | |
Assessment Detail: |
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Supplementary Assessment: |
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Requisites: | In taking this module you cannot take ES20070 OR take MN20502 OR take MN20600 Before taking this module you must take MN10311 . An aptitude with quantitative techniques is desirable. | |
Description: | Aims: This module introduces students to the principal tools of economic analysis used in financial decision making. It introduces students to the key principles of discounted cash flows, theories of asset pricing, valuation of alternative financial instruments, and will provide students with a critical understanding of portfolio diversification and the methods of valuation. Learning Outcomes: At the end of this module students will be able to: 1. understand the theoretical basis of the time value of money and the calculation of present values 2. construct a diversified portfolio 3. critically evaluate the theory of efficient markets 4. value equity and fixed-income financial instruments 5. differentiate between different types of options 6. understand the principles of futures and forward contracts. Skills: Numerical facility with accounting and financial data, and identification/conversion to relevant economic data for decision-making. Content: Extensions & applications of present value model, optimality of NPV rule; security valuation: equities and bonds; risk, return and cost of capital; portfolio theory and diversification; asset pricing & CAPM; stock market efficiency; options; forwards and futures contracts. | In taking this module you cannot take ES20070 OR take MN20502 OR take MN20600 Before taking this module you must take MN10311 . An aptitude with quantitative techniques is desirable. |
Programme availability: |
MN20026 is Compulsory on the following programmes:School of Management
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Notes:
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