Financial Instruments (980N1)
15 credits, Level 7 (Masters)
This module introduces the important financial instruments traded in fixed income, equity and foreign exchange markets, as well as discussing valuation techniques and the efficient market hypothesis. Within interest rate markets, the characteristics of fixed and floating rate debt securities are described, as are principles of valuation, spot and forward interest rates, and derivative products such as futures FRAs, IRS, CDSs and CDOs. Measuring and managing interest rate risk is also covered. Within equity market, the module provides an introduction to equity investments, before discussing ETFs, equity valuation, and financial / fundamental analysis.
30%: Coursework (Problem Set)
70%: Examination (Unseen examination)
Contact hours and workload
This module is approximately 150 hours of work. This breaks down into about 33 hours of contact time and about 117 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.
This module is running in the academic year 2020/21. We also plan to offer it in future academic years. It may become unavailable due to staff availability, student demand or updates to our curriculum. We’ll make sure to let our applicants know of such changes to modules at the earliest opportunity.
This module is offered on the following courses: