Module Specification - A Leading UK University — … · · 2018-05-07Module Specification ......

Module Specification

No. Assessment Description Weight % Qual Mark Exam Hours Ass't Group Alt Reass't

001 Coursework (Project) 15002 Class Write-Up 10003 Exam (Final) 75 2

Period: Semester 2Occurence: ACoordinator: Jesse MathesonMark Scheme: PGT Mark Scheme

Academic Year: 2017/8Module Level: PostgraduateScheme: PGDepartment: EconomicsCredits: 15

Intended Learning OutcomesThis module will focus on the application of tools and statistical techniques used in modern microeconometric practice.

After completing this module, students will be able to:

- Read and critique empirical research in top academic journals;- Demonstrate and describe the difference between various treatment effects;- Outline an identification strategy and select an appropriate estimation technique based on data limitations;- Differentiate between statistical and economic significance;- Estimate standard econometric models using Stata or a comparable statistical programming language

Teaching and Learning MethodsLectures (20 hours), seminars (5 hours) and computer classes (5 hours).

Assessment MethodsFinal exam (75%), a piece of coursework in the form of a term-long project (15%), and a write-up of the class reading (10%).Coursework will consist of an application of the computational problems, using Stata software, discussed in lectures. Data forthe coursework will be provided. Students will be expected to write-up and demonstrate an ability to interpret results. Theclass write-ups will require students to critique a selection of research from academic journals. The remaining outcomes willbe assessed in the examination.

Pre-RequisitesEC7087

Co-Requisites

Excluded Combinations-

Lectures 20Seminars 5

Practical Classes & Workshops 5Tutorials 0

Fieldwork 0Project Supervision 0

Guided Independent Study 120Demonstration 0

Supervised time in studio/workshop 0Work Based Learning 0

Placement 0Year Abroad 0

Total Module Hours 150

Student Workload (hours)

EC7058 Applied Microeconometrics

Last Published: 21 June 2018



001 Coursework 30002 Exam (Final) 70 2

Period: Semester 2Occurence: ACoordinator: Emi MiseMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module focuses on learning the theory of quantitative macroeconomic modelling techniques.

After the completion of this module, students should be able to:

- Discuss and elaborate on univariate time series modelling/testing techniques such as ARIMA models and various unit roottests;- Discuss and explain the modelling and estimation techniques for multivariate time series;- Discuss the relevance of these modelling techniques and methods to the macroeconomic literature;- Read and critically analyse applied macroeconomic papers that have had a significant influence on how we model data;- Obtain their own data, and model them appropriately using the software package gretl.

Teaching and Learning Methods24 hours of lectures: covering time series econometric theory.9 hours of seminars and problem solving classes.6 hours of computer classes.Independent study.

Assessment MethodsTwo-hour written examination and an empirical project to be carried out during the Easter holidays. The former carries 70% ofthe mark and the latter 30%.

Each of these assesses different aspects of the intended learning outcomes. The project examines the students' ability toconduct their own empirical investigation into the relationship between macroeconomic variables by making use of time seriestechniques. The written examination assesses their ability to elaborate time series theory.


Co-Requisites



Practical Classes & Workshops 6Tutorials

FieldworkProject Supervision

Guided Independent Study 111Demonstration

Supervised time in studio/workshopWork Based Learning

Placement 0Year Abroad



EC7059 Applied Macroeconometrics




001 Coursework 10002 Exam (Final) 90 1.5

Period: Semester 2Occurence: ACoordinator: Fabrizio AdrianiMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThe module gives a solid foundation in the principles of corporate finance in order to understand and analyse the major issuesaffecting the financial policies of corporations. This module deals with investment, financing, payout and corporategovernance decisions from the point of view of maximizing shareholder value.

After successfully completing this module, students should be able to:

- Distinguish between different types of financial markets and financial instruments and discuss their roles;- Debate on the efficiency of financial markets;- Critically assess theories of capital structure, capital budgeting, and corporate dividend policy;- Recognize agency problems in corporate governance and their implications for capital structure, dividend policy, and capitalbudgeting.

Teaching and Learning MethodsLectures (18 hours) and seminars (5 hours).

Assessment MethodsFinal exam (90%): 1.5 hour written examination in May/June. This will cover all of the course material and will test students'problem solving both with theoretical problems and hypothetical case studies. Midterm test (10%): 1 hour multiple choice test to be taken after lecture 5. This will cover the following topics: adverseselection, moral hazard, corporate governance, risk, capital budgeting, and asset pricing. The purpose of the test is to assessstudents' abiliity to apply the material.

Pre-Requisites

Co-Requisites



Practical Classes & WorkshopsTutorials







EC7061 Corporate Finance





Period: Semester 2Occurence: ACoordinator: Martin HoskinsMark Scheme: PGT Mark Scheme


Intended Learning OutcomesBy the end of this module, a typical student will have:1. The ability to demonstrate the role of economic analysis in understanding the process and outcomes of decision making infirms.2. Knowledge of the main models used to explain economic relations between self-interested parties acting under conditionsof incomplete contracting and/or incomplete information.3. The ability to demonstrate the ways in which economic models help to understand real world phenomena.4. Developed their presentational skills.5. The ability to read, understand and critically evaluate published academic research.


Assessment MethodsBy two hour written examination (70%) and coursework (30%).

Pre-Requisites

Co-Requisites










EC7071 Economics of Organisation




001 Coursework 20002 Exam (Final) 80 1.5

Period: Semester 2Occurence: ACoordinator: Deborah GefangMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThe aim of this module is to provide knowledge of the theories of international finance and to develop an appreciation of themajor policy considerations confronting the international monetary system.


- Discuss and define advanced concepts and theories within the field of international money and finance and theirapplications;- Analyse the exchange rate and balance of payment policies of countries;- Evaluate the role of international currency markets in the determination of economic outcomes;- Analyse events within the international monetary system and critically assess potential policy responses;- Identify and analyse financial and monetary problems, and consider alternatives decisions within the internationalenvironment.

Teaching and Learning MethodsLectures (20 hours) and seminars (5 hours), guided independent study (87.5 hours)

Assessment MethodsBy Final Examination (80%) and Essay (20%). Students are required to write an essay to analyse an issue associated withmodern international macroeconomics and finance. Important learning outcomes such as discuss and define advancedconcepts and theory and their applications will be assessed in the essay. The rest of the learning outcomes will be assessedin the final exam.

Pre-Requisites

Co-Requisites










EC7075 International Money and Finance




001 Coursework Questions 5002 Coursework Test 25003 Exam (Final) 70 2

Period: Semester 2Occurence: ACoordinator: Svetlana AndrianovaMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module introduces options, futures, swaps and other derivative instruments and develops knowledge of pricing and theuse of these instruments.


- Price vanilla derivative contracts- Explain the operation of a margin account and demonstrate how it works- Assess the payoff and use of a portfolio of derivatives- Calculate appropriate positions in derivatives to hedge or insure against risk- Review and discuss the literature on the use of exotic, real and weather derivatives- Critique common option pricing methodologies


Assessment MethodsBy two-hour written examination (70%), short coursework questions (5%) and test (25%). The coursework questions and testin this module are linked and are both designed to assess students' review of appropriate areas of the financial derivativesliterature. The coursework component will act to guide students in the development of research skills and in their literaturereview. The examination will assess the remaining learning objectives, including students' ability to apply techniques to valuefinancial derivatives.

Pre-Requisites

Co-Requisites










EC7076 Financial Derivatives




001 Presentation 15002 Dissertation (Final) 85

Period: Semester 2Occurence: A17Coordinator: Sergio CurrariniMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module teaches econometric skills useful for writing dissertations with an empirical component, and discusses whatconstitutes good practice. The dissertation is written under supervision over the period July to September and requiresstudents to demonstrate their understanding of economic and empirical analysis in a research context; to demonstrate theirability to organise their research and to communicate their results to a wider audience both orally and in written form.

Students will be expected to present their dissertation outlines in a seminar towards the end of the second semester and inthe form of a written research proposal.

Teaching and Learning MethodsLectures (12 hours), project supervision and independent research.

Assessment MethodsDissertation (85% maximum length 15,000 word), presentation (15%). Marking by two internal examiners, with reference toexternal examiner. 50% required for MSc pass; 60% required for MSc Degree with Merit, and 70% required for Distinction.

Pre-Requisites

Co-Requisites


Lectures 12Seminars








EC7080 Dissertation





Period: Semester 1Occurence: ACoordinator: Donald EggintonMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module introduces fundamental concepts and techniques used in modern finance theory. After completion, students willbe able to:

- Demonstrate the application of compounding and discounting;- Discuss and assess financial decision-making under certainty and uncertainty;- Define attitudes towards risk and their effect on financial decisions;- Apply portfolio analysis techniques;- Define market equilibrium and discuss its importance in finance; - Describe and discuss arbitrage arguments in asset pricing.

Teaching and Learning MethodsLectures (20 hours) and tutorials (5 hours).

Assessment MethodsBy two-hour written examination (80%) and coursework (20%).

Pre-Requisites

Co-Requisites







PlacementYear Abroad



EC7084 Theory of Finance




001 Exam (Final) 100 2

Period: Semester 1Occurence: ACoordinator: Dimitrios VarvarigosMark Scheme: PGT Mark Scheme


Intended Learning OutcomesBy the end of this module, a typical student should be able to:- Identify and discuss the issues facing modern macroeconomics.- Apply the necessary tools to solve the workhorse models of dynamic macroeconomics (infinite horizons; overlappinggenerations) and their variants.- Combine economic and mathematical analysis, in a logical and deductive manner, to analyse phenomena relevant tomacroeconomic dynamics and discuss their implications. - Interpret the findings of theoretical research in dynamic macroeconomics and assess its strengths and weaknesses. - Recognise the underlying characteristics that cause differences in long-term macroeconomic performance across countries.- Demonstrate awareness of macroeconomic policies and critically assess their impact on macroeconomic dynamics.


Assessment MethodsTwo hour written examination (100%).

Pre-Requisites

Co-Requisites










EC7085 Macroeconomic Theory I




001 Coursework 1 10002 Coursework 2 10003 Exam (Final) 80 2

Period: Semester 1Occurence: ACoordinator: Suresh MutuswamiMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThe module studies the mathematical tools and concepts that are required to understand and develop advancedmicroeconomic theory. Topics studied include the firm, the consumer, decision under uncertainty and general equilibrium. Itis intended that, on completion of the course, students will have learned how to apply the analytical tools to the study of thesetopics and also understand their application in the academic literature.


Assessment MethodsBy two-hour written examination (80%), and two pieces of coursework in the form of problem sets (each weighted at 10%).

Pre-Requisites

Co-Requisites










EC7086 Microeconomic Theory





Period: Semester 1Occurence: ACoordinator: Arkadiusz SzydlowskiMark Scheme: PGT Mark Scheme


Intended Learning OutcomesBy the end of this module, a typical student should be able to:- Apply probability and distribution theory- Test statistical hypotheses- Perform estimation and inference in linear regression models- Use instrumental variables to treat endogeneity


Assessment MethodsThree-hour problem-based examination (100%).

Pre-Requisites

Co-Requisites










EC7087 Econometric Theory




001 Coursework (Final) 100

Period: Semester 1Occurence: ACoordinator: Andre StenzelMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThe module aims to provide students with the essential mathematical tools for graduate study in economics. It is set up to laythe groundwork for successful completion of subsequent courses in Microeconomics, Macroeconomics, and Econometrics.

By the end of this module, student should be able to:- Discuss Mathematical Logic- Define and apply essential mathematical concepts such as sets, spaces, functions and relations, convergence, andcontinuity- Define and apply systems of linear algebraic equations, matrix algebra, and properties of matrices- Define and apply differentiability, and constrained and unconstrained static optimisation. In particular the proper applicationof Lagrange/Kuhn-Tucker including checks of sufficient conditions, as well as the Implicit Theorem and Envelope Theorem- Discuss Integration Rules


Assessment MethodsCoursework in the form of a written test held at the end of the teaching period (100%).

Pre-Requisites

Co-Requisites










EC7088 Mathematical Methods for Economics





Period: Semester 2Occurence: ACoordinator: Subir BoseMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module studies the methods of game theory and advanced microeconomic analysis and their application to selectedcurrent issues. Topics include static and dynamic games with complete and incomplete information, auctions and incentives.By the end of the semester a typical student should be able to:- Calculate Nash Equilibria for complete information normal form games- Calculate Subgame Perfect Nash Equilibria for complete information extensive form games - Calculate Bayesian Nash Equilibria for incomplete information normal form games - Calculate Perfect Bayesian Nash Equilibrium for extensive form incomplete information games - Show existence of equilibrium using various Fixed Point Theorems - Find equilibria of games representing important economic situations like auctions, bargaining, strategic transformation ofinformation, oligopoly.


Assessment MethodsBy a two hour written examination (80%) and coursework 1 (10%) and coursework 2 (10%). The examination questions willrequire the students to solve problems using the mathematical methods shown in lectures and seminars. They may also beasked to provide short verbal explanations of the intuition behind the results they derive. The coursework elements are take-home assignments and will include questions that will require the students to solve lengthier algebraic exercises.

Pre-Requisites

Co-Requisites










EC7089 Game Theory





Period: Semester 2Occurence: ACoordinator: Deborah GefangMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module aims to develop an understanding of the methods of advanced macroeconomic analysis and to apply thosemethods in studying selected current issues in macroeconomics.


- Discuss and define the functioning of macroeconomic aggregates, inflation, exchange rates, and other macroeconomicdeterminants;- Assess the information content in the behaviour of key macroeconomic variables; - Explain the objectives, and challenges in the design and operation of monetary and fiscal policies and explain their impactson the macroeconomic environment;- Discuss the effects of policies and shocks on the economy.

Teaching and Learning MethodsLectures (20 hours) and classes (5 hours).

Assessment MethodsFinal Examination (75%) and Class Test (25%). The class test assesses the students' ability to discuss and define the basicbuilding blocks of the macro-economy. The remaining learning outcomes will be assessed in the final examination. Studentsshould expect questions in essay form and of an algebraic nature.

Pre-Requisites

Co-Requisites










EC7090 The Macroeconomic Environment





Period: Summer TermOccurence: ACoordinator: Aris BoukourasMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module focuses on modern investment management theory and practices. After completing this module, students shouldbe able to:- Identify the main factors behind investors’ demand for financial investment products- Conduct typological analysis of investors based on risk preferences and other characteristics- Conduct typological analysis of financial markets and investment products - Calculate the expected return and variance of diverse assets and portfolios of diverse assets- Construct suitable risk and performance measures for investment management purposes- Assess portfolio performance according to return, risk and diversification criteria - Perform investment analysis for international portfolios

Teaching and Learning MethodsLectures (20 hours) and tutorials (5 hours).

Assessment MethodsTwo-hour final examination (70%), coursework exercises (15%) and coursework essay (15%). In the coursework essaystudents will be required to discuss critically key ideas from the Investment Management and Finance literatures. Thecoursework exercises will require students to select and apply appropriate quantitative techniques to solve investmentmanagement problems.

Pre-Requisites

Co-Requisites










EC7092 Investment Management





Period: Semester 2Occurence: ACoordinator: Panicos DemetriadesMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module aims to introduce students to fundamental concepts of banking.

At the end of this module, a typical student should be able to: - Explain banking principles and the financial intermediation process. - Explain the details of a bank's balance sheet and income statements and their interrelationships.- Explain the various asset and liability management approaches available to bank managers to resolve the liquidity,profitability and risk trade-offs - Discuss the importance of capital allocation (capital adequacy and Basel Accord) and VAR risk modelling in banking - Describe the key economic models of bank behaviour.

Teaching and Learning MethodsLectures (20 hours) and seminars (5 hours)

Assessment MethodsBy final examination (80%) and individual numerical coursework (20%). The coursework will focus on the importance ofcapital allocation (capital adequacy and Basel Accord). The examination will cover the other learning outcomes.

Pre-Requisites

Co-Requisites










EC7093 Principles of Banking





Period: Summer TermOccurence: ACoordinator: Sanjit DhamiMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module introduces students to the evidence on human choice in modern finance and its implications for how we thinkabout and model modern financial markets. After completion, students will be able to:

- Analyse and apply models of prospect theory to selected applications in finance. - Discuss and analyse how people use various judgement heuristics to make actual choices and calculate the biases relativeto the classical statistical benchmarks.- Assess and analyse the evidence that conflicts with the notion that humans use strict optimization and Bayes' rule and thatthey have unbounded rationality.- Critique the concept and evidence for and against the efficient markets hypothesis.- Analyse the behaviour of financial markets and draw implications in cases when there is a separation of brains and capital,financial markets are subject to noise trader risk, stock bubbles arise, and the flow of information is gradual.- Describe and discuss briefly the effect of behavioural biases in the context of behavioural corporate finance.


Assessment MethodsFinal Examination (70%) and Coursework report (30%). In demonstrating their knowledge of Behavioural Finance and theissues described in the intended learning outcomes, students will be required to review, understand and critique the literatureand structure and develop arguments. These two skills will be assessed in both the coursework and examination.

Pre-Requisites

Co-Requisites










EC7094 Behavioural Finance




001 Group Coursework (approx. 10 pages) 70002 Exam (Final) 30 1

Period: Semester 2Occurence: ACoordinator: Daniel LadleyMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module aims to introduce students to the most common models and techniques used in the finance industry to measureand manage risk.

After completing this module, students will be able to:Discuss the role of risk management and its use within companies including the use of RAROC;Be able to define, calculate, apply and evaluate value-at-risk techniques for a range of assets and portfolios;Analyse and manage the risks present within an organisation;Define counterparty risk and liquidity risk and show how they may be measured and mitigated;Describe the key regulations effecting risk management and the key measures for capital;Analyze and manage country and sovereign risk.

The above topics will be linked to key case studies throughout this module.

Teaching and Learning MethodsLectures (20 hours) and Seminars (5 hours)

Assessment MethodsBy Final Examination (30%) and Group Coursework Project (70%). The group coursework will require the submission of asingle document by the group. However, students will each receive an individual mark based on their own contribution. Thecoursework will require students as a group to provide an answer to a specified risk management question. Students will haveto analyse the problem and identify the neccesary steps and analytical techniquers to answer that question. Students willevaluate their findings critically and present their results and arguments concisely in a formal document suitable for aspecified audience. The examination will focus principally on testing the intended learning outcomes concerning the corenumerical techniques and regulatory aspects not covered in the coursework.


Co-Requisites










EC7097 Financial Risk Management





Period: Semester 2Occurence: ACoordinator: Donald EggintonMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis course focuses on the concepts and tools that are useful to asset managers who want to use bond securities forinvesting, hedging or speculating.


- Describe the main characteristics of bonds.- Calculate the price of bonds including zeroes, coupon bonds, floating rate bonds, and mortgage backed securities.- Discuss the main risks affecting fixed income securities and how to manage them.- Describe and calculate concepts such as duration, convexity and the price-yield relationship.- Discuss hedging and immunisation strategies.


Assessment MethodsBy Final Examination (100%).

Pre-Requisites

Co-Requisites










EC7098 Fixed Income Securities




001 Coursework 1 10002 Coursework 2 10003 Coursework 3 10004 Exam (Final) 70 2

Period: Semester 2Occurence: ACoordinator: Richard SuenMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThe aim of this course is twofold. First, to expand and deepen students’ knowledge of dynamic general equilibrium models.Second, to strengthen their skills in solving and computing this type of models.

By the end of this module, students should be able to:- Define and discuss economic growth and business cycle theories.- Explain advanced macroeconomic models. - Formulate and compute dynamic general equilibrium models.


Assessment MethodsBy Final Examination (70%) and three pieces of Coursework (10% each). Each coursework assignment contains problem-based exercises that will require the students to apply the knowledge and techniques that they have learned from the lectures.These, together with the final exam, will be used to assess the intended learning outcomes.


Co-Requisites










EC7102 Macroeconomic Theory II




001 Coursework 1 25002 Coursework 2 25003 Coursework 3 25004 Exam (Final) 25 1

Period: Semester 2Occurence: ACoordinator: Carlos Diaz VelaMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module will introduce the key numerical techniques that underlie modern risk management. In particular, students willlearn an industry standard programming language, which will be applied to solve risk problems during their degree.

After completion of this module, students will be able to:

- Design an algorithm to solve a financial problem;- Program simple algorithms in a programming language;- Select appropriate numerical techniques for common numerical problems (e.g. sorting or differentiation);- Define the meaning of algorithmic complexity and discuss its implications for financial calculations;- Explain the limits of numerical accuracy and their implications for financial calculations.

Teaching and Learning MethodsLectures (20 hours) and computer classes (9 hours).

Assessment MethodsBy Final Examination (25%) and three Courseworks (each worth 25%). The three programming exercises will require studentsto write programs to solve particular problems of increasing complexity. As such, they will test the first three learningoutcomes described above. The examination will assess principally students' understanding of the meaning and implicationsof numerical complexity and accuracy along with their ability to select appropriate algorithms.

Pre-Requisites

Co-Requisites










EC7103 C++ Programming for Finance





Period: Semester 2Occurence: ACoordinator: Aris BoukourasMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module will focus on the low-level behaviour of traders in financial markets, their strategies and the effects of differentmarket structures.

- Classify the main types of financial markets and explain how trading is conducted in them. - Operate mathematical models in order to analyse market microstructure issues.- Demonstrate how volatility and liquidity concerns impact asset prices.- Discuss some of the limitations of modern financial theory in understanding financial markets.- Operate statistical and econometric analysis on data from financial markets.- Define the level of efficiency in a financial market and explain how it is affected by trading behaviour.- Demonstrate technical analysis of an asset, and how to implement trading strategies.


Assessment MethodsBy Final Examination (70%) and two pieces of numerical/analytical coursework (15% each). Each of these worksheets willassess a different aspect of the learning outcomes, for instance the application of trading strategies or the demonstration of aparticular model of information. The remaining outcomes will be assessed in the examination.


Co-Requisites










EC7104 Market Microstructure and Trading




001 Examination (Final) 30 1002 Individual Project 70

Period: Summer TermOccurence: ACoordinator: Stephen HallMark Scheme: PGT Mark Scheme


Intended Learning OutcomesAfter completion of this module students will be able to:

Describe the key componends of a time series and be able to split the series into these components.Apply key techniques for smoothing data and for identifying and testing time series models. Derive optimal forecasts for approriate business and economic problems.Critically evaluate estimated models and forecasts.Demonstrate transferable skills in data collection, presentation and report writing.

Teaching and Learning MethodsLectures (20 hours) and computer classes (5 hours)

Assessment MethodsBy examination and individual project. The individual project will assess all five of the learning outcomes. It will requirestudents to define an appropriate research question based on available data and then to develop their research skills in itsanalysis. As such students will also be required to evaluate work and identify possible improvements, present resultsconciesly and appropriately, structure and develop arguments and present the final work in a formal document. The first,second and fourth learning outcomes will be further assessed in the examination.

Pre-Requisites

Co-Requisites


Lectures 20Seminars

Practical Classes & Workshops 5Tutorials







EC7105 Business and Financial Forecasting





Period: Summer TermOccurence: ACoordinator: Daniel LadleyMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module will expand and deepen students' understanding of risk management. Students will learn a range of newtechniques and how they may be applied to manage risk.

After completion of this module, students should be able to:

- Apply various techniques for risk management including copulas, VaR mapping and extreme value theory; - Explain the securitization process and the common types of these securities;- Apply risk management techniques to structured financial products;- Estimate default risk and recovery rates; - Define, measure and model operational risk;- Explain the role of ratings agencies in risk management.

A key part of this module will be examination of current topics in risk management. These will change over time but will reflectthe state of the art issues in the field. Students should therefore be able to discuss these topics and apply key techniques asappropriate.


Assessment MethodsBy Final Examination (70%) and a Numerical Coursework (30%). The numerical coursework will require students to applysome of the risk management techniques covered in this module to estimate risks in a specified context.The examination willtest the application of numerical techniques not covered in the coursework along with their ability to describe and explain therisk categories and structured products described above. In completing these assessments students will demonstrate theirability to select and apply appropriate analytical techniqes, identify the steps necessary to solve a problem and present theresults concisely and appropriately.

Pre-RequisitesEC7097 and EC7103

Co-Requisites










EC7106 Advanced Financial Risk Management



EC7106 Advanced Financial Risk Management




001 Examination (Final) 70 2002 Coursework 30

Period: Summer TermOccurence: ACoordinator: Svetlana AndrianovaMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module aims to deepen students understanding of the behaviour of banks in the modern macro-financial system. It'scontent will change over time to reflect the cutting edge of research in this area. Students are expected to cover the following: Analyse the process of money creation and discuss the operation of the money markets.Discuss systemic risk in banking systems and analyse appropriate models.Describe the role, operation and risks of the shadow banking system.Describe the full range of banking business practices.Analyse the role of banks in the process of mergers and acquisition.Discuss the corporate rational for takeovers and how they may be prevented.

Teaching and Learning MethodsLecture (20 hours) and seminars (5 hours)

Assessment MethodsBy final examination (70%) and individual essay based coursework (30%). The coursework will focus on analysing theprocess of money creation and will require students to review literature and structure and develop arguments whilst alsodeveloping the students research skills. The examination will cover the other learning outcomes.

Pre-RequisitesEC7093 and EC7090

Co-Requisites










EC7107 Advanced Money and Banking




001 Dissertation (Final) 100

Period: Summer TermOccurence: ACoordinator: Donald EggintonMark Scheme: PGT Mark Scheme


Intended Learning OutcomesThis module teaches analytical and research skills useful for writing reports or dissertations with an empirical component. Atypical dissertation might involve writing an investment report on a company - a task a graduate may have to perform inemployment in the finance industry. The dissertation requires students to demonstrate their understanding of financial analysis in a research context. Students willselect appropriate techniques and apply the skills learnt during their degree (potentially from any and all modules) in afocussed project. Students will be required to organise their research and to communicate their results concisely to a specificaudience.

By the end of this module, students should be able to:- Define an appropriate research question;- Identify the steps necessary to answer the question;- Select and apply appropriate analytical techniques;- Evaluate work and identify potential improvements;- Present results concisely and appropriately to support arguments.

Teaching and Learning MethodsLectures (10 hours), a formative five-minute presentation (to check that the reseach question can be feasibly answered), thesubmission of a poster (to check the progress of writing the dissertation), and independent research.

Assessment MethodsDissertation (maximum length 5,000 words, 100%) assessing all learning outcomes. Marking by two internal examiners, withreference to external examiner.

Pre-Requisites

Co-Requisites


Lectures 10Seminars








EC7110 Dissertation




001 Coursework 30003 Examination 70 2

Period: Semester 2Occurence: ACoordinator:Mark Scheme: PGT Mark Scheme


Intended Learning OutcomesOn successfull completion of the module, students should be able to:

- Apply the essential concepts that underlie the practice of financial statements - Prepare a statement of profit or loss and a statement of financial position of a sole trader from incomplete records - Prepare the financial statements for, and describe the legal differences between, partnerships and Ltd companies - Prepare manufacturing accounts - Define the concept of Audit and Describe the assurance process


Assessment Methods

Pre-Requisites

Co-Requisites


Students will be expected to engage in substantial further study involving the use of journal articles, on-line materials,textbooks and other specified readings along with the practice of techniques and sample questions.









EC7112 Financial Accounting and Audit




001 Examination (Final) 100 2



Intended Learning OutcomesOn successful completion of the module, students should be able to:

- Identify and discuss the issues facing modern macroeconomics. - Apply the necessary tools to solve the workhorse models of dynamic macroeconomics (infinite horizons; overlappinggenerations) and their variants - Combine economic and mathematical analysis, in a logical and deductive manner, to analyse phenomena relevant tomacroeconomic dynamics and discuss their implications - Interpret the findings of theoritical research in dynamic macroeconomics and assess its strengths and weaknesses. - Recognise the underlying characteristics that cause differences in long-term macroeconomic performance across countries. - Demonstrate awareness of macroeconomic policies and critically assess their impact on macroeconomic dynamics.


Assessment Methods

Pre-Requisites

Co-Requisites











EC7185 Macroeconomics




001 Coursework 20002 Examination 80 2



Intended Learning OutcomesOn successful completion of the module, students should be able to:

- Identify and discuss the issues facing modern microeconomics - Analyse decisions under uncertainty - Conduct general equilibrium analysis - Combine economic and mathematical analysis, in a logical and deductive manner, to analyse phenomena relevant tomicroeconomic behaviour and discuss their implications - Interpret the findings of theoritical research in microeconomics and assess its strengths and weaknesses.


Assessment Methods

Pre-Requisites

Co-Requisites











EC7186 Microeconomics


Module Specification - A Leading UK University — … · · 2018-05-07Module Specification ......

Documents

Transcript of Module Specification - A Leading UK University — … · · 2018-05-07Module Specification ......