Postgraduate Course: Advanced Finance Theory (CMSE11051)
Course Outline
| School |
Business School |
College |
College of Humanities and Social Science |
| Course type |
Standard |
Availability |
Available to all students |
| Credit level (Normal year taken) |
SCQF Level 11 (Postgraduate) |
Credits |
10 |
| Home subject area |
Common Courses (Management School) |
Other subject area |
None |
| Course website |
None |
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| Course description |
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
| Pre-requisites |
|
Co-requisites |
|
| Prohibited Combinations |
|
Other requirements |
None
|
| Additional Costs |
None |
Course Delivery Information
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.
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Assessment Information
| There will be a two-hour closed-book written examination for this module in April-May comprising 100% of the final mark |
| Please see Visiting Student Prospectus website for Visiting Student Assessment information |
Special Arrangements
| Not entered |
Contacts
| Course organiser |
Dr Maria Michou
Tel: (0131 6)50 8341
Email: Maria.Michou@ed.ac.uk |
Course secretary |
Ms Claire Local
Tel: (0131 6)50 3574
Email: Claire.Local@ed.ac.uk |
|
copyright 2010 The University of Edinburgh -
1 September 2010 5:45 am
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