Theories in Modern Finance
- Module Code:
- Year of study:
- Year 1
The aim of this module is to introduce some of the main principles of modern finance. This is an analytical module, which reflects the quantitative nature of the subject and in which each topic is developed from first principles. The module involves the use of mathematics, econometrics and statistics. It also includes numerous numerical examples. On completion of this course, students will have gained an understanding of some of the key principles of modern finance and how they are applied. They will also be able to carry out methodological and basic empirical work using these principles.
Objectives and learning outcomes of the module
Upon completion of this module, a student should be able to:
A. Knowledge and Understanding
- Students will have gained an understanding of some of the key principles of modern finance and how they are applied.
- They will also be able to carry out methodological and basic empirical work using these principles.
B. Subject Specific Intellectual (Cognitive) Skills
- Demonstrate how several theories can be applied to research questions in financial and management studies.
- Critically evaluate prior theoretical research.
- Identify and understand research gaps and contributions by comparing theoretical work.
C. Transferable (Key/General) Skills
- Writing and communication skills
This module consists of a 2-hour weekly lecture over 10 weeks of term plus a revision lecture in term 3 as preparation for the final examination. Students will be supplied with a syllabus with a breakdown week by week of required and additional reading. Reading materials are usually accessed electronically from the BLE. Students should come to class well prepared, having studied the lecture material for the week in question.
This module also has a weekly 1-hour tutorial where the questions posed by the tutor relevant to the lecture are explored and discussed by the students. Students also prepare and deliver short presentations.
Total Work load:
Students on this module will have 3 taught hours each week. Additionally, adequate personal study time should be allocated each week for reading, problem solving and class preparation.
Method of assessment
Assessment for this module is in two elements:
- One essay of 4,000 words at 50%
- One unseen 2-hour written examination at 50%
All elements may be resubmitted.