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Module Title
LH Advanced Finance
School
Birmingham Business School
Department
Accounting
Module Code
07 25626
Module Lead
P. Cox
Level
Honours Level
Credits
20
Semester
Pre-requisites
Co-requisites
Restrictions
BSc Accountancy students only
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, applied portfolio management and performance.
analyse, critically appraise, define, discuss and explain theory and evidence of efficient capital markets, and 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