Postgraduate Programme and Module Handbook 2021-2022 (archived)

Module ECON40715: INTERNATIONAL FINANCIAL ASSET PRICING

Department: Economics and Finance

ECON40715: INTERNATIONAL FINANCIAL ASSET PRICING

Type	Tied	Level	4	Credits	15	Availability	Available in 2021/22

Tied to	L1K709
Tied to	L1K609
Tied to	L1K109
Tied to	N3K109
Tied to	N3K509
Tied to	N3K709
Tied to	N3K809

Prerequisites

None

Corequisites

Advanced Financial Theory (ECON41215)

Excluded Combination of Modules

None

Aims

The module aims to:
develop students' advanced knowledge and critical understanding of key theoretical and empirical issues in international financial asset management including international diversification, and asset pricing;
develop students' ability to critically review this specialised complex area of knowledge with a view to undertaking future research in this area.

Content

Portfolio allocations under certainty and uncertainty;
International portfolio diversification issues;
Asset pricing;
Puzzles in international finance - e.g. home bias puzzle, exchange rates puzzle, equity premium puzzle.

Learning Outcomes

Subject-specific Knowledge:

have explored, understood and appreciated the complexity and diversity 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 addressing challenging complex issues in international financial asset management.

Subject-specific Skills:

have used highly specialised and advanced technical, professional and academic skills in analysing international financial asset management.

Key Skills:

Written Communication;
Planning, Organising and Time Management;
Problem Solving and Analysis;
Using initiative;
Numeracy;
Computer Literacy.
Group Work.

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

A combination of lectures (possibly blended delivery), seminars with practical demonstrations, practical work and guided reading will contribute to achieving the aims and learning outcomes of this module. Summative assessment by written assignment, which will test students' knowledge and understanding of the subject matter and their ability to apply what they have learned in the analysis of specific issues.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	10	1 per week	2 hours	20
Seminars	4	fortnightly	1 hour	4	■
Preparation & Reading				126

Total				150

Summative Assessment

Component: Assignment		Component Weighting: 100%
Element	Length / duration	Element Weighting	Resit Opportunity
Assignment	2500 words	100%	Same

Formative Assessment:

Students will receive written comments on a formative written assignments. Typically over the 10 weeks of the class, two of the seminars will be written up and submitted in small groups, this will be around 2500 words for each formative assignment.

■ 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