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 | DERIVATIVE SECURITIES | ||
Code | ECON310 | ||
Coordinator |
Dr EM Apps Economics E.Apps@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 6 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 |
6 |
12 18 6 |
42 | ||||
Timetable (if known) |
60 mins X 1 totaling 6
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60 mins X 1 totaling 12
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Private Study | 108 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 2: Examination Assessment Type: Unseen examination, managed by SAS Duration: 2 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Appl | 2 hours | 70 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Coursework Assessment Type: Coursework Duration/Size: 10 weekly tests Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: No, any submissions received after so | 10 weekly tests | 30 |
Aims |
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This course provides an introduction to derivative securities. Alternative derivative securities like forwards, futures, options, and exotic derivative contracts will be discussed. This incorporates detailing the properties of these securities. |
Learning Outcomes |
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(LO1) Students will be able to demonstrate an understanding of the principles of option pricing. |
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(LO2) Students will be able to compare and contrast alternative fair valuation techniques for pricing derivative instruments. |
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(LO3) Students will be able to identify and explain biases in option pricing models. |
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(LO4) Students will be able to analyse and apply an appropriate pricing model to a variety of contingent claim securities. |
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(LO5) Students will be able to analyse and recognize the appropriate trading strategy to expected future market conditions. |
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(LO6) Students will be able to derive and apply evolving models of derivative options to effectively manage risk transfer and assess their behaviour in the face of volatile financial and economic conditions. |
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(S1) A problem solver |
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(S2) Numerate |
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(S3) Commercially Aware |
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(S4) IT Literate |
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(S5) Internationally Aware |
Teaching and Learning Strategies |
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Teaching Method: Online Asynchronous Content Teaching Method : Synchronous Session Teaching Method: Seminar Teaching Method: Group Study Self-Directed Learning Hours: 108 Skills Mapping Skill 1: Problem Solver Skill 2: Numerate Skill 3: Commercially Aware Skill 4: IT Literate Skill 5: Internationally Aware |
Syllabus |
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• Introduction to the topic and the mechanisms of futures and options markets; |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |