MSc Business (Financial Management)

Transcription

1 MSc Business (Financial Management) The following information is applicable for academic year This course will become MSc Business & Finance in 2019, with several additional modules available. Programme Structure TERM 1 Weeks 1-10 IB9T90 IB9U00 IB9Y00 IB9W00 Analysis of Financial Financial Markets Quant Methods Economic Behaviour Management and Instruments For Financial Management TERM 2 Week 1 Exam Period Term 1 Modules Weeks 2-10 IB9V00 IB9Y90 IB9BC0 Corporate Finance Financial Reporting Strategic Man Elective Statement Analysis Accounting TERM 3 Week 1 Exam Period Term 2 Modules Weeks 2 10 IB9FB Business in Practice Elective Elective OR May - September IB9520 IB9BF Research Dissertation Methodology N.B Each module is worth 15 CATS. Business in Practice is worth 30 CATS and the Dissertation is worth 45 CATS.

2 Term 1: Core Modules IB9T90: Analysis of Economic Behaviour AEB This module aims to provide an in-depth coverage of fundamental behavioural economics concepts. It will familiarise students with conventional assumptions about the behaviour of individuals and firms, their interactions in markets and the role of government with respect to market failures of various kinds. It will alert students to questions and doubts about the conventional assumptions issues which will be developed more fully during the module. Foundations of individual economic behaviour Decision under risk and uncertainty Portfolio choice and other financial application Foundations of the supply side Demand and supply Strategic interactions between firms Market failure and the role of government 2-hour Exam (January) counting for 100% of the module mark IB9U00: Financial Management FM The aim of this module is to provide students with an in-depth understanding of the key skill in; 1. The course investigates how to manage the trade-off between maximising expected return and minimising risk for portfolios of securities 2. Issues to be considered include valuation of bonds and equities, selection of securities and optimal portfolio strategies through time 3. The module will introduce and develop basic asset pricing models (like CAPM) and their test While the theoretical underpinnings will not be neglected, the emphasis of the course will be on implementation of the theory i.e. financial management in practice Portfolio Management Asset pricing module: CAPM, arbitrage pricing theory Market efficiency Bond Derivatives 2-hour Exam (January) counting for 80% of the module mark, and Class Test 20%

3 IB9Y00: Financial Markets and Instruments FMI This module is designed to provide an introduction into analysis of financial products, markets and organizations. Topics covered include:. Financial markets such as equity, fixed income and derivative markets Financial intermediation such as commercial banking Mutual and hedge funds Central banking and monetary policy International financial markets and organizations Current and emerging trends in financial markets 2-hour Exam (January) counting for 80% of the module mark, and Class test (20%). IB9W00: Quantitative Methods for Financial Management QMFM This module aims to provide an introduction to advanced quantitative methods to students with quantitative backgrounds. The module will equip students with an understanding of descriptive statistics and data presentation and enable them to apply the major tools needed for finance related MSc level of study and for the use of data analysis in the workplace. Topics covered include: Review of math concepts: Differentiation and optimisation Basics of probability theory Basics of Statistics Hypothesis testing Linear regression Panel regression Time series modelling 2-hour Exam (January) counting for 80% of the module mark, and Class test (20%).

4 Term 2 Core Modules IB9V00: Corporate Finance CF This module aims to provide students with a fundamental understanding of corporate finance theory and practice. Topics include: Basic theories and applications in firm capital structure decisions Corporate risk management Corporate governance Capital budgeting Payout policy of corporations 2-hour Exam (April) counting for 80% of the module mark, and Class Test (20%). IB9Y90: Financial Reporting and Financial Statement Analysis FRSA This module aims to provide students with an introduction to financial reporting and financial statement analysis, to enable them to interpret financial statements in context and apply appropriate models and techniques for company valuation and related business issues. To enable them to gain an understanding of how accounting provides data for corporate finance analysis. Topics include: Introduction to financial reporting and financial analysis Cash flow and profit as financial performance measures Reformulation financial statement for valuation analysis Ration analysis and forecasting financial performance Cash flow and accounting valuation models Credit analysis Individual assignment counting for 80% of the module mark, and Class Test (20%).

5 IB9BCB: Strategic Management Accounting SMA It will develop the technical skills of students, as well as enhancing their understanding of the behavioural consequences of management accounting processes, to enable strategic decision-making. Topics include: Critically evaluate different costing and pricing systems Understand theories of control within different organisational structures Main goal-orientated theories of human behaviour and relate them to the design of performance evaluation systems in organisations Achieve corporate strategy via critical success factors and key performance indicators (eg balanced scorecards) Individual assignment counting for 80% of the module mark, and Case study presentation (20%).

6 Term 2 Elective Modules Note: Students must choose ONE module from the list of available electives. The following list is indicative only, minor changes are possible. Further information and confirmation of available electives will be provided at the end of Term 1. Electives IB9X00: Derivatives and Corporate Risk Management DCRM IB92E0: Entrepreneurship & Business Venturing EBV IB93P0: International Business IB IB9CVB: Leading for Innovation LI IB96X0: Leading the Knowledge Based Organisation LKBO IB9Y30: Mergers and Acquisitions and Corporate Control MACC IB9X00: Derivatives and Corporate Risk Management DCRM The aim of the course is to provide students with a systematic understanding of relevant knowledge about derivatives, corporate risk management and how they are managed using derivatives. Topics include: Understand and identify the key risk factors of corporations Understand and identify the key risk factors of corporations Understand derivatives and the use of derivatives in corporate risk management Design risk management strategies for corporations using derivatives Know the corporate risk management in practice 2-hour Exam (April) counting for 80% of the module mark and Class test counting for 20% of the module mark

7 IB92E0: Entrepreneurship & Business Venturing EBV The aim of the course is to develop an understanding of entrepreneurs and the firms they create and or manage. The course provides conceptual, analytical and practical insights into the entrepreneurial process with reference to profit and nonprofit enterprise contexts. It assumes no prior knowledge. Topics include: The roles of smaller enterprises Public policy intervention to assist small and medium-sized enterprises Economic theories of entrepreneurship Psychological approaches to entrepreneurship Sociological approaches to entrepreneurship Resource acquisition and leverage to pursue a business idea Business development Business support for under-represented groups: female entrepreneurs Social enterprise Corporate entrepreneurship Individual assignment counting for 60% of the module mark and Group assignment counting for 40% of the module mark IB93P0: International Business IB The module aims to build on participants knowledge of the global economic and business environment and link this to strategies for managing in changing global contexts. Topics include: The drivers and processes of internationalisation Cross cultural management challenges The assessment of overseas investment opportunities and the specific challenges of emerging markets. Individual assignment counting for 80% of the module mark and Group presentation counting for 20% of the module mark

8 IB9CVB: Leading for Innovation LI The module aims to develop a greater understanding of how to foster an innovative work environment. In this module the role of the leader will be examined as he/she facilitates innovative venture by identifying and defining problems worth pursuing (where potential payoffs justify risks), creating a context that allows for multiple parties to work together in generating viable ideas and managing the context of idea development and fielding. Topics include: Why innovation is more important than ever the idea economy The process of leading for innovation Characteristics and activities of a successful leader of innovation Creative problem solvers Crowdsourcing and innovation The role of knowledge management and innovation Examples of successful innovative efforts Building an innovative team Leading for innovation across industries Development of creative leaders Individual assignment counting for 80% of the module mark and Group presentation counting for 20% of the module mark IB96X0: Leading the Knowledge Based Organisation LKBO The module aims to equip students with critically informed, social science led understanding of knowledge, its relation to innovation, and the challenges of leading knowledge based organisations. Topics include: Organisational knowledge and the challenges of leadership Understanding knowledge and innovation Experiencing the processes of leading Learning and knowing in organisations Leading and managing learning in communities of practice The challenges of structure Managing knowledge across social and organisational boundaries Managing consultants and consultancy work Individual assignment counting for 80% of the module mark and Group presentation counting for 20% of the module mark

9 IB9Y30: Mergers and Acquisitions & Corporate Control MACC This module is designed to introduce students to the basic issues in mergers and acquisitions from corporate finance point of view. The module will be based on the main research papers in the field. Topics covered will include: Value Creation in Takeovers Abnormal Returns Merger Waves: Main Characteristics of Individual Waves, and Theoretical Explanations for Cyclical Patterns Private Equity Ownership Structure: Costs and Benefits of Concentrated versus Dispersed Ownership, Empirical Evidence, and Law and Finance (Shareholder Protection) Modelling the Takeover Process 1.5-hour Exam (Term 3: April/May) counting for 60% of the module mark, and 2 Group Assignments plus Weekly Coursework (altogether 40%).

10 Term 3 IB9520: Dissertation Research Methodology for Financial Management The module aims to allow students to synthesise, apply and extend the knowledge they have gained in the taught component of the programme. The identification and investigation of a current research topic will help to develop students theoretical and practical understanding of current problems in their area, as well as their research and communication skills. Emphasis will be placed on taking a critical approach to the assumptions of prior literature and the methodologies they adopt to address their research questions. Students will submit an Individual Assignment counting for 100% of the module mark in the form of an Empirical Project. IB9BF0: Dissertation The module aims to allow students to synthesise, apply and extend the knowledge they have gained in the taught component of the programme. The Research Methodology module will be an entry to the dissertation phase of the programme, and will have set up student with a clear research plan. The dissertation module is the implementation of that plan. The investigation of a contemporary research topic will help to develop students theoretical and practical understanding of current problems in their pathway area, as well as their research and communication skills. Emphasis will be placed on taking a critical approach to the assumptions of prior literature and the methodologies they adopt to address their research question. Dissertation counting for 100% of the module mark. OR Term 3 IB9FB0: Business in Practice + 2 elective modules Business in Practice The module aims are to enable participants to: 1. To develop a deep understanding of their personal capabilities and how they can continue to advance their business knowledge and understanding in their future careers 2. To appreciate the role and influence of a firm s primary function so that they can deal with complex issues both systematically and creatively, make sound judgement in the absence of complete data, and communicate their conclusions clearly to specialist and non-specialist audiences 3. To gain an understanding of industry competition and dynamics so that they can demonstrate self-direction and originality in tacking and solving complex business challenges, and act autonomously in planning and implementing tasks at a professional level 2 x Individual Assignment reflective journal counting for 40% of the module mark and firm analysis counting for 60%

11 Electives IB9BD0: Behavioural Economics BE IB92X0: Business IT and services BIS IB98A0: Design in Business DB IB961B: Digital Marketing Technology and Management DMTM IB9860: Digital Working & Organisational Transformation DWOT IB9140: Economics in the Global Environment EGE IB97BB: Ethical Leadership EL IB9150: Forecasting for Decision Makers FDM IB91U0: Governance and Corporate Responsibility GCR IB92A0: People and Organisations PO IB9S7B: Project Management PM