Module overview
This module aims to provide students with practical knowledge of the equity markets (primary and secondary markets, and mergers and acquisitions activities), as well as an overall understanding in the theoretical foundation and empirical evidence with regard to portfolio theories, capital market theories and market efficiency. The combination of the practical and theoretical elements provides a full picture about how the real financial markets operate, how investors can reach ideal investment decisions, and whether the aggregate empirical evidence of the stock market is consistent with what theories suggest. This module takes a global perspective, from which we learn practices and empirical evidence from the developed markets, as well as the emerging markets.
Aims and Objectives
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- the forms and motives of mergers, and the defensive tactics in hostile attempts;
- the core areas of equity markets and equity finance;
- the supportive evidence and challenges to market efficiency.
- the theoretical underpinning of asset allocation and portfolio management;
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- obtain the capacity to develop logical and concise arguments and engage in independent enquiry grounded in appropriate source material.
- develop the ability to analyse critically theoretical material and case study evidence on the basis of an informed knowledge;
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Communicate complex ideas and arguments fluently and effectively in a range of different formats to a variety of different audiences
Syllabus
- Topic 1. An introduction to equity markets
- Topic 2. Mergers and acquisitions
- Topic 3. Risk and return; portfolio analysis
- Topic 4. Capital market theories (Capital Asset Pricing Model and Arbitrage Pricing Theory)
- Topic 5. Efficient market hypothesis and behavioural finance
Learning and Teaching
Teaching and learning methods
Teaching methods include:
- 24 contact hours over a six-week period
- Lectures account for 24 hours of contact time and are used to introduce individual topics and show examples
- Lectures may involve video, case study and formal lecture using OHP.
Learning activities include:
- Lectures may involve exercises, question and answer sessions, case studies, and class presentations.
Type | Hours |
---|---|
Independent Study | 126 |
Teaching | 24 |
Total study time | 150 |
Resources & Reading list
Textbooks
Hillier, D.; M. Grinblatt, and S. Titman (2011). Financial Markets and Corporate Strategy: European Edition. McGraw-Hill.
Bodie, Z., A. Kane, and A. J. Marcus (2014). Investments. McGraw-Hill.
Brealey, R. and S. Myers (2013). Principles of Corporate Finance. McGraw-Hill.
Fabozzi F. J., F. P. Modigliani, and F. J. Jones (2013). Foundations of Financial Markets and Institutions. Pearson.
Bodie, Z., A. Kane, and A. J. Marcus (2013). Essentials of Investments. McGraw-Hill.
Hillier, D., S. Ross, R. Westerfield, J. Jaffe and B. Jordan (2012). Corporate Finance: European Edition. McGraw-Hill.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Questions and answers
- Assessment Type: Formative
- Feedback: Exercise questions are provided to students at the end of each topic. Suggested answers are then provided to them 2 weeks following the release of the questions, and the lecturer also discusses the answers in the lectures.
- Final Assessment: No
- Group Work: No
Summative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Examination | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Method | Percentage contribution |
---|---|
Individual Coursework | 100% |
Repeat Information
Repeat type: Internal & External