Description
Investments
Module title | Investments |
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Module code | INT3606A |
Academic year | 2018/9 |
Credits | 30 |
Module staff | (Convenor) |
Duration: Term | 1 | 2 | 3 |
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Duration: Weeks | 10 | 5 |
Number students taking module (anticipated) | 30 |
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Description - summary of the module content
Module description
This module equips you with a fundamental knowledge of investment theory and portfolio management. In particular the module provides you with a rigorous understanding of the concepts and techniques used by finance specialists and enabling you to apply these techniques in practical application of investment analysis and the implications of market efficiency for the investment decisions. The module covers a range of topics in finance drawn from the financial market and its products, basic valuation for equity, fixed income and derivatives.
Students should have completed the Financial Management module (INT 3605) before taking this module.
Module aims - intentions of the module
The aim of this module is to equip students with a fundamental knowledge of investment theory and portfolio management. In particular the module provides students with a rigorous understanding of the concepts and techniques used by finance specialists, enabling students to apply these techniques in practical application of investment analysis, and the implication of market efficiency for the investment decisions. Through a combination of lectures, tutorial classes and computer training on Excel functions, students will be provided with a solid foundation in financial theory and practice, providing the necessary grounding for further modules in finance.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Demonstrate a critical understanding of the working of the financial system to optimise resources over time in a situation of uncertainty
- 2. Demonstrate a secure understanding of asset valuation models and techniques of risk management and the ability to apply these to practical examples
- 3. Demonstrate a comprehensive and critical understanding of portfolio construction and management and the ability to apply their knowledge to practical examples
- 4. Demonstrate a sound understanding of financial derivatives, such as options and futures
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 5. Apply their understanding of the theoretical techniques of finance and the implications of market efficiency to investment decisions
- 6. Evaluate the usefulness of publicly available company data towards producing a sensible recommendation and company valuation
- 7. Appraise the advice of professional analysts
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 8. Communicate in English in speech and writing within the subject area
- 9. Work as part of a team
- 10. Present materials for group discussion, including numerical or other data in graphical form
- 11. Collect and analyse data and research for writing an assignment
Syllabus plan
Syllabus plan
Introduction to financial markets and institutions; buying and selling securities; market efficiency; principles of asset valuation; valuation of bonds and shares; security analysis; risk management; portfolio theory; capital asset pricing model and other pricing models; introduction to financial derivatives; introduction to basic statistics; financial calculation using excel program; matrix calculations: variance-covariance matrix; optimisation; portfolio management.
Learning and teaching
Learning activities and teaching methods (given in hours of study time)
Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
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30 | 270 |
Details of learning activities and teaching methods
Category | Hours of study time | Description |
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Contact Hour | 8 | Lectures |
18 | Seminars/Tutorials | |
2 | Computer Training on Excel | |
2 | Assignment Tutorials | |
Self-Study | 50 | Web-based activities located on McGraw Hill |
Guided independent study | 100 | Researching on financial reports of listed companies and collecting financial data of selected company to analyse |
Guided independent study | 120 | Carry out the company analysis and write final version of your assignments and preparing for presentation |
Assessment
Formative assessment
Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
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Weekly online exercise | 8 X 60 minutes | 1-5, 8 | Correct answers provided on McGraw- Hill Connect platform |
Summative assessment (% of credit)
Coursework | Written exams | Practical exams |
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80 | 10 | 10 |
Details of summative assessment
Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
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Group project | 30 | Max. 2,000 words | 1-11 | Written |
Presentation of the group project | 10 | 10-15 Minutes | 1-10 | Verbal and Written |
Individual assignment | 50 | Max. 3,000 words | 1-2,5-11 | Written |
In-class test | 10 | 1 Hour | 1,2,4,5,8 | Written |
Re-assessment
Details of re-assessment (where required by referral or deferral)
Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
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Individual assignment | Written Assignment | 1-2,5-11 | Within 4 weeks of examination board |
Re-assessment notes
In case of referral, the written individual assignment will form 100% of the module mark as it is impractical to impose a further group report or presentation on other members of the group who have passed. A referred assignment will be capped at 40%.
All summative coursework must be completed before entitlement to a referral.
Deferrals – refer to programme handbook
Resources
Indicative learning resources - Basic reading
Core text:
Jordan B.D., Miller T. W. and Dolvin S.D. (2015). Fundamentals of Investments (8th Ed.). McGraw Hill: IBSB: 9780077139582.
Additional reading:
Sharp, W. F., Alexander G. J. & Bailey J. V. (2001). Fundamentals of Investments (3rd Ed.). Harlow: Prentice Hall. ISBN: 0132926172.
Bennings, S. (2000). Financial Modelling (2nd Ed.). Boston Mass: MIT. ISBN: 0262024829.
Indicative learning resources - Web based and electronic resources
Other useful resources:
ELE – http://vle.exeter.ac.uk/course/view.php?id=2282
Module has an active ELE page
Credit value | 30 |
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Module ECTS | 15 |
Module pre-requisites | INT3605 Financial Management |
NQF level (module) | 6 |
Available as distance learning? | No |
Origin date | 2004 |
Last revision date | 13/08/2018 |