Studying at York
Finance and Investment Management - ECO00106M
- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: M
- Academic year of delivery: 2023-24
- See module specification for other years: 2024-25
Module summary
This module introduces the essential professional, applied and theoretical elements surrounding finance and investment management. The module provides an overview of different roles and functions of finance and investment management in the modern economy.
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Semester 1 2023-24 |
Module aims
This module introduces the essential professional, applied and theoretical elements surrounding finance and investment management. The module provides an overview of different roles and functions of finance and investment management in the modern economy. The module provides an introduction to financial markets, asset classes, and financial intermediaries; it analyses important topics and key theories related to investment management such as asset pricing models; modern portfolio theory and diversification; market efficiency and behavioral aspects in the financial decision-making process. Portfolio performance and sustainable investing topics are also examined. Emphasis is given on how these topics and theories are applied in practice considering the professional responsibilities and the career development issues associated in this field.
Module learning outcomes
After successful completion of the module students will able to:
Subject content
Explain and critically evaluate the role of financial markets and financial intermediaries in the modern economy
Understand and critically discuss issues related to investment selection and portfolio construction
Value financial securities such as equity, bonds, and options.
Identify the causes of market anomalies, and the behavioral biases along with their effects on finance decisions
Construct portfolios and assess portfolio performance within the perspective of sustainable investing and investors
Critically reflect on the professional role and practices within the financial and investment management context.
Use databases like Datastream and Compustat to Identify, collect and organize some of the financial data which is used in practice by investors.
Academic and graduate skills
-
Advanced subject specific knowledge and understanding
-
Cognitive (thinking) skills: through self-study and assessments
-
Analytical skills required to undertake finance calculations and/or estimations.
-
Communication: via written assignments, online discussion boards, virtual study groups and tutorials;
-
Ability to conduct research into financial issues individually through data collection, analysis, synthesis and reporting.
Module content
W1- Introduction to Finance, Financial Markets; and Financial Intermediaries
W2- Asset Classes, Time Value of Money and pricing of money market instruments
W3- Bond Pricing
W4-Equity Pricing
W5- Introduction to Risk, Risk aversion and capital allocation to risky assets
W6-Efficient Diversification
W7- Single index model and the CAPM
W8- Multi factor models and APT
W9- Efficient markets and Behavioural Finance
W10- Introduction to Financial derivatives and Option Trading strategies
W11- Portfolio Performance valuation and Sustainable investing & amp; Revision
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 70 |
| Groupwork | 30 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 70 |
| Essay/coursework | 30 |
Module feedback
Students have access to feedback on individual assessments. General cohort assessment feedback is posted on the VLE after the marking is complete.
Indicative reading
Bodie, Z. and Kane, A., 2020. Investments. McGraw-Hill
Frank K. Reilly, Keith C. Brown (2015), Analysis of investments & amp; management of portfolios, South-Western Cengage Learning