|| ACM2420 |
|| FINANCIAL MARKETS & INVESTMENT |
|| 2007/2008 |
|| Professor Owain M Ap Gwilym |
|| Semester 2 |
|| Rasha Al-Sakka |
| Course delivery
|| Lecture || 24 x 1 hour lectures |
|| Seminars / Tutorials || 6 x 1 hour tutorials |
|Assessment Type||Assessment Length/Details||Proportion|
|Semester Exam||3 Hours EXAMINATION ||80%|
|Semester Assessment|| COURSEWORK ESSAY (3,000 WORDS) ||20%|
|Supplementary Exam||3 Hours EXAMINATION ||100%|
Learning outcomesOn successful completion of this module students should be able to:
Evaluate the structure, operation and role of financial markets.
Critically analyse the efficient markets hypothesis.
Explain and analyse the role of financial institutions and financial intermediation.
Analyse the risk-return trade-off in investments.
Explain and apply portfolio theory in the context of capital markets.
Explain and analyse the dominant asset pricing models.
Analyse portfolio management in practice.
a) Introduction to financial markets and investment
b) Functions and mechanics of equity, foreign exchange and derivatives trading
c) The role of financial institutions and financial intermediation
d) The efficient markets hypothesis
e) Analysis of investment concepts, risk and return
f) Portfolio theory and capital markets
g) Asset pricing models
h) Portfolio management in practice
The module will analyse the role of financial markets in supplying finance and managing financial risk within companies and financial institutions. It will also address some key concepts, theories and practices in managing portfolios and investing.
|| This will be developed through the need for research and preparation required for tutorial sessions. Also, the essay submission will require the student to develop independent research skills and problem solving skills. The final examination will ensure that an assessment of the students ability to work independently can be undertaken. |
|| The submission of an essay will reflect the independent research skills of the student. The need to locate appropriate research resources (e.g. from the internet and academic journals) will develop research skills. |
|| Oral communication skills will be developed in the tutorial sessions. Written communication skills will be developed via the essay submission in particular. The student will need to know how to exploit the available sources of information to their best advantage. They will be expected to submit their work in word processed format and the presentation of the work should reflect effective expression of ideas and competent use of language skills. |
|Improving own Learning and Performance
|| The aim is to promote self management within the context of assistance from the module coordinator. Students will improve their own learning and performance by undertaking directed but independent study and research, and deciding upon the direction taken for their essay submission. Time management will be crucial in preparation for the assessments. |
|| Tutorial sessions will include group discussions where the students are obliged to discuss the core issues as a group. |
|| Internet sources and other electronic information sources will be vital resources in preparing the essay submission.
Students will also be expected to submit their work in word processed format.
|Application of Number
|| This will be developed in tutorial work, specifically on aspects of portfolio theory. |
|Personal Development and Career planning
|| The module provides content which may prove highly valuable for many students in their later careers in management or finance. The process of developing their essays will also contribute to their transferable skills. |
|Subject Specific Skills
|| Collecting and understanding data and literature on the module content.
Evaluating alternative perspectives and practices.
Demonstrating subject specific research skills.
Applying a range of subject specific quantitative techniques.
** Recommended Text
Blake, D. (2000) Financial Market Analysis
2 Edition. Wiley
Buckle, M. J. (c2004.) The UK financial system :theory and practice /Mike Buckle and John Thompson.
Manchester University Press 0719067723
This module is at CQFW Level 7