Unit name | Financial Markets and Corporate Policy |
---|---|
Unit code | ECONM2033 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Friederich |
Open unit status | Not open |
Pre-requisites |
ECONM1007 Finance and Accounting |
Co-requisites |
None |
School/department | School of Accounting and Finance - Business School |
Faculty | Faculty of Social Sciences and Law |
Financial Markets and Corporate Policy provides a more in depth treatment of some core topics in finance, building on the material covered in ECONM1007 Finance and Accounting. The unit begins with a review of standard CAPM theory before discussing the limitations of that model and developing several more recent alternatives. Derivatives markets and pricing are then covered. The unit then moves on to examine some topics in corporate finance e.g. the effect of agency issues in capital structure decisions and the role played by information decisions in firms and choice of payout policies. Finally students are given an introduction to fundamental analysis and equity valuation.
Aims:
This unit aims to develop students’ understanding of core Finance issues, building on their knowledge from Finance and Accounting (ECONM1007). It aims to provide in-depth analysis of topics including derivatives markets and pricing, and core corporate finance topics, centering on the role of agency problems and asymmetric information in corporate financial decisions.
On successful completion of this unit, a student will be able to:
Standard lectures, exercise lectures and classes.
In terms of formative assessment, the students will have to do one piece of assessed coursework asking them to demonstrate their understanding of the key points learned in the lectures.
The unit is assessed via a three-hour examination in the Summer.
Students will be expected to demonstrate competence in all of these areas.