Studying at York
Theory of Finance - ECO00040M
- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: M
- Academic year of delivery: 2022-23
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Autumn Term 2022-23 to Spring Term 2022-23 |
Module aims
To provide a set of mathematical models and tools that can be used by those contemplating a career in finance or those considering doing further research in the subject.
To develop an intuitive understanding of key concepts of finance.
To present an overview of the topics that are the subject of modern finance.
To provide sufficient training in the methods of modern finance so that students can formulate and solve a diverse set of problems that arise in the study of finance.
To provide an opportunity for students to study, discuss and evaluate some research frontier dimensions of modern finance.
Module learning outcomes
On completing the module a student will be able to:
identify the major issues in the study of modern finance.
apply the methods taught in the module to solve specific problems in finance.
formulate a research proposal in finance.
Indicative assessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 100 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Online Exam -less than 24hrs (Centrally scheduled) | 100 |
Module feedback
Feedback will be available to students in line with University guidelines.
Indicative reading
The reading will consist mainly of lecture notes prepared by Professor Peter Spencer. Other readings will be drawn from the texts listed below. A number of articles will also be recommended in the lectures.
Basic Theory:
Cochrane, J.H., Asset Pricing, Princeton University Press, 2000.
Ingersoll, J.E., Theory of Financial Decision Making, Rowman and Littlefield, 1987.
Derivatives and Options:
Hull, J.C., Options, Futures and Other Derivatives, 4th Edition, Prentice Hall, 2000.
Cutherbertson, K., and Neitzshe, D., Financial Engineering: Derivatives and Risk Management, Wiley, 2001.
Other books that may be useful:
Campbell, J.Y., Lo, A.W., and MacKinlay, A.C., The Econometrics of Financial Markets, Princeton, 1997.
Duffie, D., Dynamic Asset Pricing Theory, Princeton, 2nd Edition, 1996.
Neftci, S. N., An Introduction to the Mathematics of Financial Derivatives, 2nd Edition, Academic Press, 2000.
Rebonato, R., Interest Rate Option Models, Wiley, 2nd Edition, 1998.