MODULE SPECIFICATION UNDERGRADUATE PROGRAMMES KEY FACTS

Transcription

1 MODULE SPECIFICATION UNDERGRADUATE PROGRAMMES KEY FACTS Module name Financial Markets Module code IF2207 School Cass Business School Department or equivalent UG Programme (Cass Business School) UK credits 15 ECTS 7.5 Level 5 Delivery location (partnership programmes only) MODULE SUMMARY Module outline and aims The module aims to build on the earlier Principles of Finance module, and applies finance to the pricing of assets in the financial markets with the aim of examining what we know about the determination of the prices of bonds and equities. Content outline - Overview of investment theory - Money-market instruments - Conventional bonds - Term-structure of interest rates - Floating rate and indexed bonds - Equity valuation model - Stockmarket anomalies and inefficiencies - Portfolio management and performance measurement Pre-requisite Modules BS2100 Principles of Finance WHAT WILL I BE EXPECTED TO ACHIEVE? On successful completion of this module, you will be expected to be able to:

2 Knowledge and understanding: - Understand Markovitz Portfolio Choice Model - Understand CAPM - Understand APT - Understand 3 Factor Fama French Model - Understand Market Efficiency Theory - Understand Term Structure of Interest Rates - Understand Forward Rates - Understand Duration Skills: - Present your analysis in front of a group - Understand cutting edge academic debate - Calculate expected returns and variance of returns for a portfolio of securities using returns data of individual securities. - Understand the regression results of academic papers - Value the equity of a firm using a variety of techniques including CAPM, APT, dividend discount and price-earnings approaches. - Communicate the various sides of an academic debate - Understand linear regression - Hedge the value of a bond portfolio against changes in interest rates Values and attitudes: - Be aware of the on-going debates in finance concerning the best asset pricing model and market efficiency - Be aware of risks inherent when investing in bond portfolios

3 HOW WILL I LEARN? Lectures and classes. Teaching component Teaching type Contact Selfdirected study Placement Total student learning Lectures Lecture Classes Tutorial Totals WHAT TYPES OF ASSESSMENT AND FEEDBACK CAN I EXPECT? Assessments Coursework and exam. Assessment Assessment Weighting Minimum Pass/Fail? component type qualifying mark Coursework Set exercise N/A Exam Assessment criteria Written Exam N/A Assessment Criteria are descriptions of the skills, knowledge or attributes students need to demonstrate in order to complete an assessment successfully and Grade- Related Criteria are descriptions of the skills, knowledge or attributes students need to demonstrate to achieve a certain grade or mark in an assessment. Assessment Criteria and Grade-Related Criteria for module assessments will be made available to students prior to an assessment taking place. More information will be available from the module leader. Feedback on assessment Following an assessment, students will be given their marks and feedback in line with the Assessment Regulations and Policy. More information on the timing and type of feedback that will be provided for each assessment will be available from the module leader. Assessment Regulations The Pass mark for the module is 40%. Any minimum qualifying marks for specific assessments are listed in the table above. The weighting of the different components

4 can also be found above. The Programme Specification contains information on what happens if you fail an assessment component or the module. INDICATIVE READING LIST Bodie, Kane, and Marcus - Investments - 6th Edition, Irwin/McGraw-Hill. Any additional articles required will be provided in a reading pack Version: 2.0 Version date: July 2013 For use from:

5 Appendix: see for the full list of JACS codes and descriptions CODES HESA Code Description Price Group 27 Business and D Management Studies JACS Code Description Percentage (%) N300 The study of financial systems, regulations and reporting. 100