This module begins by reinforcing and building on prior knowledge & understanding from stages 1 and 2 Finance. In particular, focus is given to investigating the practical applications of various theories and related models. Through interaction with the financial world, students will gather real data, question, analyse and discuss the integration of theories to specific contexts within the world of finance. A major element of the module content is the portfolio investment project, which will operate throughout the academic year and will facilitate all content within the module. The key topics covered include the application of Pricing models, the implications of and empirical evidence relating to the Efficient Market Hypothesis, the drivers of capital structure decisions in a taxation environment, the interaction of investment and financing decisions, risk management, the application of valuation models and Mergers & Acquisitions.
Private study hours: 234
Contact hours: 66
Total study hours: 300
Main assessment methods:
Exam, 3 hours (70%)
Group Portfolio Report (3000 words) (20%)
Individual written report (500 words) (10%)
Reassessment method:
100% exam
See the library reading list for this module (Canterbury)
See the library reading list for this module (Medway)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
- critically review finance theories and concepts and their application to a practical environment including financial management, risk and the
operation of financial markets
- apply the fundamental concepts and principles (introduced in the pre-requisite study) which
underlie investment, financing, and dividend decisions, in both a theoretical and practical context, including the strengths and weaknesses of more
complex quantitative techniques
- demonstrate knowledge and skills in recording and summarising the financial aspects of company dividend policy, capital structure, types of finance
sources and merger activities
- critically analyse, compare, discuss and critically evaluate various financial theories
- demonstrate understanding of the practical implications of investing on the stock market
The intended generic learning outcomes.
On successfully completing the module students will be able to:
- structure, and develop and defend complex arguments
- analyse structured and unstructured problems and prepare projections regarding related decisions
- develop, analyse and synthesise complex material and data relevant to financial issues
- apply quantitative techniques for solving problems within a finance context
- plan work, use relevant sources and study independently
- demonstrate suitable communication skills
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