Modules for course N3CM | MSC/FIN10
MSc Finance (10 month)
This is a provisional list of modules to be offered on this course in the 2019–20 academic year.
The list may not be complete, and the final course content may be different.
- ASB-4125: Invstmt Strat & Portfolio Mgmt (15)
- ASB-4403: Int'l Financial Markets (15) An overview of financial markets and instruments; Review of the concepts of risk and return; Portfolio theory and diversification; The capital asset pricing model; Other asset pricing models; Efficient markets, behavioural finance and anomalies; Hedging, speculation and arbitrage; Foreign exchange and derivative markets; Option characteristics and option pricing; Forwards, futures and swaps.
- ASB-4416: Credit Risk Analytics (15) Valuation of financial cash flows and rates of return; Expected return models and event studies in finance; The Law of One Price in finance and pricing financial claims via arbitrage; Portfolio theory and the modelling of investment portfolios; Value at Risk; Bootstrap methods; Brownian motion; Monte Carlo methods in finance; Pricing financial claims via replication and Black-Scholes option pricing.
- ASB-4446: Financial Ethics & Regulation (15) The lecture programme will outline the principle areas of content with specific skills honed within seminars. The lecture programme will be introduced through considering past cases of poor ethical practice in financial services industry to motivate the subsequent studies. The module will then develop to consider moral and normative ethics in a business context, the application of ethical principles within key financial services areas including lending, investment and trading. The lecture programme will then consider the role of individuals, organisations and corporate governance arrangements in financial services decision making, expected professional standards and the evolution of conduct of business regulation internationally within the financial services industry.
- ASB-4405: Int'l Financial Management (15) The financial management of multinational companies (MNCs). The macroeconomic, fiscal, currency and political environments. Determinants of exchange rates, and purchasing power and interest rate parity. Management of exchange rate exposure through forwards, options. Corporate financing decisions and the role of the global financial markets. Cost of capital and performance evaluation; capital investment appraisal. Working capital management and the positioning of funds in the MNC.
- ASB-4408: Financial Econometrics (15) • Review of the linear regression model: estimation and hypothesis testing; • Dynamic regression models: distributed lag and autoregressive models; • Non-stationarity and testing for unit roots; • Modelling long-run relationships: cointegration; • Modelling volatility: univariate ARCH and GARCH models; • Regression analysis using panel data.
- ASB-4417: Market Risk Analytics (15) Introduction to financial engineering; Static replication -creation, decomposition and analysis of financial products; Dynamic replication; Hedging strategies; Convexity, volatility and credit risk in financial engineering; Case studies in financial engineering.
- ASB-4906: Applied Financial Projects (30) (Semester 3) Core Students will choose 2 Applied Business Projects from the list below. It is envisaged that a small number of additional projects will be made available depending on the research interests of new staff and it is possible that the menu of projects might vary slightly from year to year within an equivalent structure. 1. Private Banking and Wealth Management 2. Marketing Financial Services 3. Operations Management Each of these is taught in a five-day series of lectures, workshops and discussions scheduled over a four-week period in June.
30 credits from:
- ASB-4008: Financial Technology (15) (Semester 2)
- ASB-4433: Behavioural Fin Theory & Pract (15) (Semester 2) An overview of behaviour finance; Rational expectation, market efficiency and financial market puzzles; Beliefs, biases and heuristics; Application to asset pricing: sentiment, heterogeneous beliefs, and limits to arbitrage; Alternative approaches to financial anomalies such as bounded rationality and learning.