Postgraduate Course: Fixed Income (CMSE11212)
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 | 15 |
ECTS Credits | 7.5 |
| Summary | This option course is designed to provide an overview of fixed income (debt) markets and the institutional structures that surround fixed income trading. |
| Course description |
Introduction to Fixed Income
Bond Pricing Essentials
Duration and Convexity Analysis
The Yield Curve
Theories of the Term Structure of Interest Rates
Credit Risk Analysis and Bond Pricing
Bonds with Embedded Options
Securitisation and the Financial Crisis
Fixed Income Portfolio Management
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary. |
| Additional Costs | None |
Course Delivery Information
|
| Academic year 2014/15, Not available to visiting students (SS1)
|
Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
150
(
Lecture Hours 20,
Seminar/Tutorial Hours 10,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
117 )
|
| Assessment (Further Info) |
Written Exam
70 %,
Coursework
30 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
Group Assignment 20%
Group Presentation 10%
Degree Examination 70% |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | Fixed Income | 2:00 | |
Learning Outcomes
Understand the pricing and primary risk exposures of major classes of fixed-income securities
Gain knowledge about the market and institutional structures which influence fixed income trading
Understand what drives changes in yield curves and the term structure of interest rates
Gain an introduction to lattice interest-rate models
Understand the importance of embedded options such as call provisions, put provisions and convertibility for bond pricing
Understand fixed income indexing and performance measurement
Have the ability to critically analyse the securitisation of fixed income instruments in the context of the recent financial crisis
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Additional Information
| Graduate Attributes and Skills |
Not entered |
| Keywords | fin-FI |
Contacts
| Course organiser | Dr Ronan Gallagher
Tel: (0131 6)50 8075
Email: Ronan.Gallagher@ed.ac.uk |
Course secretary | Miss Rachel Allan
Tel: (0131 6)51 3757
Email: Rachel.Allan@ed.ac.uk |
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