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ES50106: Financial investment management

[Page last updated: 12 August 2021]

Academic Year: 2021/2
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 1
Assessment Summary: CW 30%, EX 70%
Assessment Detail:
  • Coursework (CW 30%)
  • Exam (EX 70%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: While taking this module you must take ES50074 AND take ES50105
Aims: The aim of this module is to develop a critical understanding of how modern corporations and managers operate within the global economy and financial markets. It will introduce key theories, methodologies, tools, best practices and evidence used by managers in financial and investment decision making. Emphasis will be placed on discussing the different types, functions and participants of financial markets along with how financial assets and portfolios are created, traded and priced.

Learning Outcomes: By the end of the module students will
* have acquired a thorough understanding of the characteristics of different financial assets and derivate markets: money market instruments, bonds, and stocks, and how to buy and sell these assets in financial markets.
* understand the benefits of diversification and risk management based on the investors' objectives in constructing portfolios of assets, and the importance played by the market portfolio/chosen index
* know how to use data in order to obtain asset valuations using models and price fixed income securities, stocks, and how to use different derivative securities to manage their investment risks.

Skills: Analytical skills: modelling skills essential in arriving at fully informed investment and resource allocation decisions (T/F/A)
Quantitative skills: data analysis, problem solving skills based on quantitative Information, probability evaluation of risky outcomes (T/F/A)
Writing skills: Ability to express the problems and derived solutions in a cogent, disciplined and clear manner (T/F/A)

Content: Financial theories: portfolio theory, the linear asset pricing models
Equity and equity options
Fixed income instruments and fixed income derivatives
Credit market and credit derivatives
Portfolio managers' performance measurement
Basic principles of behavioural finance
Evaluation of empirical/econometric evidence.

Programme availability:

ES50106 is Optional on the following programmes:

Department of Economics

Notes:

  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.