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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2008/2009
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Home : College of Humanities and Social Science : School of Business and Economics (Schedule H) : Common Courses (School of Business and Economics)

Advanced Finance Theory (P02873)

? Credit Points : 10  ? SCQF Level : 11  ? Acronym : SBE-P-AFT

This course provides an introduction to the theory of financial economics. Students will build on the knowledge gained from the Foundations of Finance Theory core course in semester one. The course will cover the following topics: choices under uncertainty, discrete-time asset valuation (both one-period and dynamics models), contingent claim valuation, portfolio theory, mean-variance analysis, Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), and financial markets with imperfections. Students are expected to have some background in both microeconomics and mathematics.

Entry Requirements

none

Subject Areas

Delivery Information

? Normal year taken : Postgraduate

? Delivery Period : Semester 2 (Blocks 3-4)

? Contact Teaching Time : 2 hour(s) per week for 10 weeks

All of the following classes

Type Day Start End Area
Lecture Thursday 09:00 10:50 Central

Summary of Intended Learning Outcomes

On completing the module, students should
? An ability to analyse securities within an equilibrium framework.
? An understanding of continuous time equilibrium models.
? An understanding of the econometric testing of models.

This module will develop in students the ability to:

? Develop rigorous theoretical arguments based on mathematical reasoning.
? Analyse quantitative problems in finance;
? Interpret financial data in the light of established theories;
? Critical understanding o the empirical literature;

This module will develop in students the ability to
? Analyse and evaluate quantitative problems;
? Implement solutions to these problems using a spreadsheet;
? Work independently and as part of a group.

Assessment Information

There will be a two-hour closed-book written examination for this module in April-May comprising 100% of the final mark

Exam times

Diet Diet Month Paper Code Paper Name Length
1ST May 1 Advanced Finance Theory 2 hour(s)

Contact and Further Information

The Course Secretary should be the first point of contact for all enquiries.

Course Secretary

Miss Cristyn King
Tel : (0131 6)51 3028
Email : Cristyn.King@ed.ac.uk

Course Organiser

Dr Maria Michou
Tel : (0131 6)50 8341
Email : Maria.Michou@ed.ac.uk

School Website : http://www.business-school.ed.ac.uk

College Website : http://www.hss.ed.ac.uk/

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