Module Information
Module Identifier
ACM2020
Module Title
ADVANCED FINANCE
Academic Year
2010/2011
Co-ordinator
Semester
Semester 2 (Taught over 2 semesters)
Other Staff
Course Delivery
| Delivery Type | Delivery length / details |
|---|---|
| Lecture | 2 lectures per week |
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | 2,000 word essay | 20% |
| Semester Exam | 3 Hours | 80% |
| Supplementary Exam | 3 Hours | 100% |
Learning Outcomes
On successful completion of this module students should be able to:
analyse and evaluate theoretical and practical aspects of the following areas:
- financial asset pricing models, including state preference theory;
* neoclassical (rational) and behavioural perspects on financial markets;
* selected current issues in financial markets and institutions;
* theories of financial intermediation;
Aims
(i) To provide theoretical and practical perspectives on asset pricing, financial markets and financial intermediaries;
(ii) To demonstrate important theoretical and empirical findings from the research literature.
(ii) To demonstrate important theoretical and empirical findings from the research literature.
Brief description
The first part of the module focuses on various pricing approaches for financial assets. We then address current issues in financial market research, notably market microstructure. The final element of the module is focused on financial institutions, with particular emphasis on capital adequacy and credit risk.
Content
1: A review of asset pricing
2: The state preference framework and option pricing
3: Evidence on the rational perspective
4: The behavioural perspective
5: Selected current issues in financial markets
6: Theories of financial intermediation
7: Capital adequacy and balance sheet management
8: Selected current issues for financial institutions
2: The state preference framework and option pricing
3: Evidence on the rational perspective
4: The behavioural perspective
5: Selected current issues in financial markets
6: Theories of financial intermediation
7: Capital adequacy and balance sheet management
8: Selected current issues for financial institutions
Reading List
Supplementary TextBessis, J (2002) Risk Management in Banking, 2nd edition Wiley Primo search Brealey, R and S Myers (2003) Principles of Corporate Finance, 7th edition McGraw Hill Primo search Saunders, A and MM Cornett (2003) Financial Institutions Management: A risk management approach, 4th edition McGraw Hill Primo search Recommended Background
Ryan, B, RW Scapens and M Theobald (2002) Research Method and Methodology in Finance and Accounting, 2nd edition Thomson Primo search
Notes
This module is at CQFW Level 7