ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title FINANCIAL MARKETS
Code ECON919
Coordinator Dr X Fu
Finance and Accounting
Xi.Fu@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

         6

 30
Timetable (if known)              
Private Study 120
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             

Aims

Tol examine the importance, role and functioning of financial markets. To understand the main theories and empirical methods used by financial economists in the analysis of speculative assets prices in the stock, bond and foreign exchanges markets.

Learning Outcomes

(LO1) The role of financial markets and the optimal allocation of risk bearing.

(LO2) Models of asset pricing and in particular a thorough understanding of arbitrage pricing theme and its relationship to the capital asset pricing model in the light of recent empirical research.

(LO3) Detailed knowledge of the fundamental determinants of the value of individual equities and empirical tests of the relationship between fundamentals and market valuations.

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Teamwork

(S5) IT skills

Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description:
Attendance Recorded: Not yet decided

Teaching Method 2 - Other
Description: Workshops
Attendance Recorded: Not yet decided

Syllabus
 

1. Basic Concepts in Finance 2. Efficiency, Predictability and Volatility 3. Pricing Anomolies and Stock Market Efficiency 4. Modelling Equilibrium Returns 5. Valuation Models 6. Rational Bubbles 7. Noise Traders

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.