Postgraduate Course: Psychology of Investing & Financial Decisions (MBA) (BUST11226)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The proposed course introduces an exciting new area in finance, which takes as its premise that investment decision making and investor behaviour are not necessarily driven by rational considerations but by aspects of personal and market psychology |
| Course description |
Not entered
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On successfully completing the course, students will:
1. Understand the differences between a behavioural finance perspective and a traditional finance perspective
2. Be up to speed with important developments in this new area and the associated practical insights they provide
3. Recognise their own decision errors and understand the reasons for these so they can avoid future decision errors
4. Understand how, by appreciating the cognitive biases to which you are prone, they can become better investors or financial managers
5. Have a deeper understanding of the market efficiency debate and recent developments
6. Gain a critical analytical perspective regarding asset pricing bubbles and financial crises
7. Have a deeper understanding of the role of emotions in investment decisions
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Reading List
Nofsinger, J. (2013) Psychology of Investing, 5th ed, Pearson
Ackert, L. and Deaves, R. (2010) Behavioral Finance: Psychology, Decision-Making, and Markets, 1st ed., South-Western |
Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | MBAPsychFinance |
Contacts
| Course organiser | Dr Arman Eshraghi
Tel: (0131 6)50 4311
Email: Arman.Eshraghi@ed.ac.uk |
Course secretary | Miss Kate Ainsworth
Tel: (0131 6)51 3854
Email: Kate.Ainsworth@ed.ac.uk |
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