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MN30507: Financial markets - derivatives

Follow this link for further information on academic years Academic Year: 2019/0
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 2
Further information on unit assessment Assessment Summary: CW 20%, EX-TH 80%*
Further information on unit assessment Assessment Detail:
  • Coursework* (CW 20% - Qualifying Mark: 35)
  • Open book examination of 48 hours duration* (EX-TH 80% - Qualifying Mark: 35)

*Assessment updated due to Covid-19 disruptions
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 OR take MN10669 ) AND ( take MN20026 OR take MN20502 ) . Only students who have an aptitude for calculus, matrix-algebra and basics of stochastic processes are advised to take this unit.
Further information on descriptions Description: Aims:
The module aims to provide students with understanding of fixed income securities and derivatives, their suitability for risk assessment and financial decision making.

Learning Outcomes:
By the end of this unit, the student should be able to:
* value fixed income securities and derivatives
* manage risk using derivatives
* critically discuss current market events.

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
* the facility to communicate including presenting and marketing themselves and their ideas. FA Content:Interest rates, Bonds Valuation and Risk, Mortgages, MBS and CDOs, Securitization, Futures, Options pricing, Swaps, FX Derivatives, Credit Derivatives.
Further information on programme availabilityProgramme availability:

MN30507 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)