Introductory description

N/A.

Module web page

Module aims

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

Financial instruments.
Primary and secondary markets.
Market mechanisms and microstructure.
Market efficiency.
Security analysis.
Use of derivatives for risk management.
Portfolio management, diversification and asset allocation.

Learning outcomes

By the end of the module, students should be able to:

• Demonstrate a good basic understanding and appreciation of the current issues across a broad range of financial subjects which include financial markets and the investment management process.
• Apply the latest thinking and techniques in finance.
• Financial reasoning and paying attention to risk.

Indicative reading list

Z Bodie, A Kane and AJ Marcus, Investments, (3rd edition), McGraw Hill/Irwin. S Lofthouse, Readings in Investments, Wiley, 1994.

Subject specific skills

Construct optimal equity portfolios, manage interest rate risk using modern tools in bond markets, and hedge risk using derivatives. Additionally, learn to read and use academic research papers in the real world.

Transferable skills

Problem solving using mathematics, interpreting numbers from published research and extracting value from publicly available information.