入学要求 Requirement:
学术要求:A 2.1 degree in Economics; Finance; Mathematics; Statistics; Physics; Engineering; or an equivalent qualification from overseas. All applicants would be required to have a minimum background in mathematics or statistics and economics or finance. However a strong background in mathematics or statistics could be a substitute for the required background in economics and finance.
英语要求:•IELTS: 6.5 (min 6 in all areas)
•TOEFL Paper test: 580 (TWE 4.5)
•TOEFL Internet test: 92 (R20, L20, S20, W20)
学费 Tuition Fee:2011/2012 £13,860
课程特征 Course Features:
This course is designed to be a specialised degree course focusing on security/portfolio investment decision making. It is structured around the syllabus of the Chartered Financial Analysts Institute. The emphasis of the course is on issues related to investment in capital markets, such as investment strategies, the evaluation of investment performance, and the use of financial statement information in evaluating company performance.
The course will allow students whose career choices are likely to lie with financial institutions or in financial management to develop the relevant analytical tools and techniques necessary for such a career. The course should also be of interest to applicants who are already practitioners in the financial field.
课程内容 Course Content :
Modelling Financial Decisions and Markets
This unit provides a firm foundation in the theory and practice of econometric modelling of financial decisions and markets.
Advanced Financial Theory and Corporate Policy
This unit provides a rigorous grounding in the theory and practice of corporate finance. This is achieved by giving particular attention to testable propositions and to the literature which has developed empirical tests of fundamental elements of modern finance theory.
Security Investment Analysis
This unit provides a comprehensive and critical review of the various approaches to security investment analysis. The emphasis is on the use of financial information by external decision makers in a variety of decision contexts.
Dissertation
Recent examples of dissertations by students taking this course include:
•Modelling and forecasting risk using value-at-risk; evidence from 12 EU stock market indices
•How to deal with the pensions crisis in China
•The term structure of interest rate
Elective modules (two from)
Financial Engineering
This unit covers the theory and practice of financial engineering, with an emphasis on the pricing and hedging of derivative securities. The contents will encompass the definitions of the major classes of derivative instruments (futures, options, swapts), their use in complex deal structuring, their uses in risk management, and the mathematical theory of their valuation.
Money and Banking
This unit explores the links between money, financial intermediaries and the economy. In particular, the unit seeks to address the following questions: can monetary policy be used to affect real economic variables? What are the possible sources of non-neutrality of money?
Financial Accounting
This unit provides a critical review of the principles that underpin accounting standards in the UK, at the Financial Accounting Standards Board in the US, and at the International Accounting Standards committee. It also examines the limitations of financial reporting in capturing all the aspects of company performance; the role of accounting information in the valuation of enterprises; and the role which a common set of accounting standards can play in international business.
教学与评估 Teaching and Assessment:
All modules are assessed by a combination of coursework and final examinations. Students who successfully complete the taught part of the course can proceed to the dissertation stage. Students are expected to work on their dissertation in the summer and to submit the final draft in mid-September.