Financial Markets and Investments - MAN00004H

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  • Department: The York Management School
  • Credit value: 20 credits
  • Credit level: H
  • Academic year of delivery: 2023-24

Related modules

Pre-requisite modules

Co-requisite modules

  • None

Prohibited combinations

  • None

Module will run

Occurrence Teaching period
A Semester 1 2023-24

Module aims

This module provides an overview to the world of financial markets, to investment opportunities which exist in these markets and to investment theories and techniques which are applied in these markets. The module covers asset classes like fixed income and derivatives and analyses the pricing of some of these instruments and how these instruments can be used to mitigate risk. The module also analyses important topics and theories related to investment management like modern portfolio theory, international portfolio diversification, asset pricing models, term structure of interest rates, market efficiency and bond portfolio management.

Module learning outcomes

  • Explain and critically discuss the role of financial markets and financial intermediaries in the global economy

  • Critically evaluate issues and theories related to portfolio construction and investment selection

  • .

  • Comprehend the term structure of interest rates and its importance and also critically assess the alternative theoretical explanations for its interpretation.

  • Value financial securities like futures and options and critically assess the limitations of the valuation models used.

  • Understand the principles of bond portfolio management and apply those principles to risk management immunisation techniques

  • Understand how derivative securities can be used to mitigate risk and critically evaluate issues related to risk management.

  • Academic and graduate skills developed:

  • Self-management

  • Problem solving

  • Research

  • Academic writing

Module content

  • Financial market efficiency

  • Term Structure of Interest rates

  • Managing Bond Portfolios

  • Portfolio theory and the Capital Asset Pricing model

  • Multifactor Asset Pricing models

  • Futures Markets

  • Options Markets

  • Risk Management

  • International Portfolio Diversification

Indicative assessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 80
Essay/coursework 20

Special assessment rules

None

Indicative reassessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 80
Essay/coursework 20

Module feedback

Feedback will be given in accordance with the University Policy on feedback in the Guide to Assessment as well as in line with the School policy.

Indicative reading

Bodie, Z. Kane, A. and Marcus, A.J: Investments: McGraw hill 12th international ed. (2021)