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Durham University

Postgraduate Module Handbook 2021/2022

Archive Module Description

This page is for the academic year 2021-22. The current handbook year is 2022-23

Department: Economics and Finance

ECON402JN: Security Analysis

Type Tied Level 4 Credits 15 Availability Not available in 2021/22
Tied to N3K109J Finance (commencing in January) (suspended for 21/22)
Tied to N3K209J Finance (Accounting and Finance) (commencing in January) (suspended for 21/22)

Prerequisites

  • One module at a level equivalent to a second year British Honours Degree standard, covering statistics and in particular covering at least probability theory and distributions as well as hypothesis testing.

Corequisites

  • Advanced Financial Theory (ECON412JN)

Excluded Combination of Modules

  • None

Aims

  • To develop students' knowledge and understanding of key issues in security analysis at an advanced level;
  • provide students with the opportunity to develop the ability to critically understand current theoretical and empirical research in the complex field of security analysis and selection;
  • provide students with the ability to critically review this specialised complex area of knowledge with a view to undertaking a dissertation in field of security analysis and potentially future research work in this area.

Content

  • Overview of Financial Markets and Instruments;
  • Investment Banking and Investment Companies;
  • Common Stocks: Technical analysis, Fundamental analysis and relative valuation investment strategies;
  • Accounting Information and Stock Prices;
  • Earnings Estimation and Forecasts;
  • Analysts’ Forecasts and Security Returns.

Learning Outcomes

Subject-specific Knowledge:
  • have an advanced knowledge and critical understanding of the principles and practice of some of the models of evaluating common stocks;
  • have explored, understood and appreciated the complexity and contradictions of the current academic literature and its implications for professional practice, and be able to identify open questions for their own research;
  • have demonstrated ability to learn and work independently in this area, exercising critical judgement and discrimination in the resolution of complex problematic situations.
Subject-specific Skills:
  • have highly specialised and advanced technical, professional and academic skills in the analysis of securities for investment purposes;
  • have problem solving and analytical skills in a complex specialised context.
Key Skills:
  • Written Communication;
  • Planning, Organising and Time Management;
  • Problem solving and initiative;
  • Adaptability;
  • Numeracy;
  • Computer Literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • A combination of lectures, seminars and guided reading will contribute to achieving the aims and learning outcomes of this module. Summative assessment by written examination will text students' knowledge and understanding of the subject-matter, their critical judgement and problem-solving skills.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 9 1 per week 2 hours 18
Seminars 4 1 per fortnight 1 hour 4
Preparation & Reading 126
Revision Sessions 2 1 hour 2
Total 150

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Examination Unseen 2 hours 100% Same

Formative Assessment:

Students will receive written comments on a formative written assignment. Additional formative assessment, and feedback, may take a number of forms such as oral feedback on work prepared by students for seminars; answers to questions either discussed during a seminar or posted on DUO.


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University