Study Abroad Programme

Transcription

1 MODULE SPECIFICATION UNDERGRADUATE PROGRAMMES KEY FACTS Module name Module code School Department or equivalent Investment AS3301 Cass Business School UG Programme UK credits 15 ECTS 7.5 Level 6 Delivery location (partnership programmes only) MODULE SUMMARY Module outline and aims Much of the work of actuaries and other finance professionals is related directly or indirectly to investment and asset management. This module helps you understand professional investment work. It also provides an introduction to the investment and asset management component of the professional actuarial exams. This module aims to provide you with an understanding of theoretical investment principles relating to the analysis of individual investments, asset allocation and investment risk. Content outline 1. Introduction to financial markets: role of the market, types of instruments and institutional investors. 2. Bond markets.

2 3. Equity markets 4. Investment indices and performance measurement. 5. The use of derivatives in portfolio management. 6. Real estate investment. Pre-requisite Module AS2108 Finance & Financial Reporting WHAT WILL I BE EXPECTED TO ACHIEVE? On successful completion of this module, you will be expected to be able to: Knowledge and understanding: - Demonstrate a general knowledge of existing investment markets. - Demonstrate knowledge of the range of instruments traded in each investment market. - Understand the interaction between wider financial and economic variables and securities markets. - Understand and assess the evidence for and against, and assess the implications of models of, market efficiency.

3 - Understand the role of derivatives in investment management. Skills: - Use mathematical models to solve simple quantitative problems. - Apply asset valuation models used in securities markets. - Develop and present reasoned arguments. Values and attitudes: - Appreciate what constitutes ethical behaviour in investment work - Appreciate the responsibilities of an investment professional towards clients HOW WILL I LEARN? The module is taught through lectures, which include exercises in class, discussion of topical issues and researching investment websites. You are expected to do a significant amount of reading and personal study in your own time. Teaching pattern: Teaching component Teaching type Contact Self-directed study Placement Total student learning

4 Lectures Lecture TOTALS: WHAT TYPES OF ASSESSMENT AND FEEDBACK CAN I EXPECT? Assessments An exam is held at the end of Term 2. Students also take two coursework tests during term. Each test requires some work to be done in advance (usually in Excel or by researching web resources) and an assessment on the Virtual Learning Environment is then completed at a pre-specified time. Assessment pattern: Assessment component Assessment type Weighting Minimum qualifying mark Pass/Fail? Coursework 1 Set Exercise 10 0 N/A Coursework 2 Set Exercise 10 0 N/A Exam Written Exam 80 0 N/A Assessment criteria 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.

5 Feedback on assessment Following an assessment, students will be given their marks and feedback in line with the Assessment Regulations and Policy. Immediate feedback is provided on the Virtual Learning Environment after the coursework tests. 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 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 Essential: Jordan, B.D., Miller, T.W. and Dolvin, S.D. (2011). Fundamentals of Investments, 6th ed. McGraw-Hill. Recommended: Bodie, Z., Kane, M. and Marcus, A.J. (2009). Investments, 8th ed. McGraw-Hill. Stewart, S.D., Piros, C.D. and Heisler, J.C. (2011). Running Money: Professional Portfolio Management. McGraw- Hill.