Programme And Module Handbook
 
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Module Title LH Advanced Finance
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 22682
Module Lead P. Cox
Level Honours Level
Credits 20
Semester Full Term
Pre-requisites
Co-requisites
Restrictions None
Contact Hours Lecture-44 hours
Seminar-0 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-156 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions
Description This is an applied module, with significant focus on problem solving and practical problems. The first half of the module concerns designing an investment approach, risk appetite, portfolio construction, risk measurement, managing an investment portfolio, and portfolio performance. The second half concerns managing a fixed income portfolio, using options, futures and other derivatives.

Semester one topics include:
  • The Investment Planning Process, client circumstances and client risk tolerance
  • Asset allocation
  • Modern Portfolio Theory
  • Asset Pricing Theories
  • Market Efficiency
  • Behavioural Finance
  • Fund Management
  • Portfolio Analysis and Appraisal
Semester two topics include:
  • Financial Derivatives – including options, futures and swap contracts
  • Fixed Income Securities
  • Exchange Rate Risk.
Learning Outcomes By the end of the module students should be able to:
  • Analyse, critically appraise, define, discuss and explain the investment planning process and importance of setting investment objectives.
  • Analyse, critically appraise, define, discuss and explain asset allocation, portfolio theory, and applied portfolio management and performance.
  • Analyse, critically appraise, define, discuss and explain theory and evidence of efficient capital markets, empirical challenges to market efficiency, and contributions from behavioural finance.
  • Analyse, critically appraise, define, discuss and explain the nature and pricing of derivative securities.
  • Analyse, critically appraise, define, discuss and explain the valuation and management of fixed income investments.
  • Analyse, critically appraise, define, discuss and explain the foreign exchange rates and risks involved in global investment.
Assessment 22682-03 : Exam : Exam (Centrally Timetabled) - Written Unseen (100%)
Assessment Methods & Exceptions Assessment: 3 hour exam
Reassessment: None
Other None
Reading List