- Academic Registry
Programme & Unit Catalogues


MN30507: Financial markets - derivatives

[Page last updated: 05 August 2021]

Academic Year: 2021/2
Owning Department/School: School of Management
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Honours (FHEQ level 6)
Period:
Semester 2
Assessment Summary: CW 20%, EX 80%
Assessment Detail:
  • Coursework (CW 20% - Qualifying Mark: 35)
  • Examination (EX 80% - Qualifying Mark: 35)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
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.
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.

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 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
Personal/Interpersonal
* 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.

Programme 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)

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.