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 Equity and Fixed Income Markets
Code BLIM504
Coordinator Mr A Ozunlu
Finance and Accounting
A.Ozunlu@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 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 12

6

      12

6

36
Timetable (if known) 60 mins X 1 totaling 12
 
60 mins X 1 totaling 6
 
      60 mins X 1 totaling 12
60 mins X 1 totaling 6
 
 
Private Study 114
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): 1  24 hours    100       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Quiz. Standard UoL penalty applies for late submission. This is an anonymous assessment.  1 hour         
Quiz. Standard UoL penalty applies for late submission. This is an anonymous assessment.  1 hour         

Aims

Equity:

To provide a knowledge and understanding of the nature of equity securities and equity markets and develop techniques to value equities using fundamental analysis.

Fixed Income:

To provide a knowledge and understanding of fixed income securities and their markets, yield measures, risk factors, and valuation measures and drivers.

To develop an ability to determine the yields and values of fixed-income securities.


Learning Outcomes

(LO1) Equity: A systematic understanding, knowledge and critical awareness of the nature of equity securities and current professional practice related to equity markets;

(LO2) Equity: The application and critical appraisal of fundamental analysis to the valuation of equity securities, including residuals analysis in complex scenarios;

(LO3) Equity: A conceptual understanding of the principles underlying the equity markets and equity security valuation, including hybrids at the forefront of current practice;

(LO4) Fixed Income: A systematic understanding, knowledge and critical appraisal of professional practice related to fixed income securities, including structured products and embedded options;

(LO5) Fixed Income: The application of knowledge and  understanding of applied techniques and methods to analyse yields, risks and valuation for fixed income securities in an uncertain context;

(LO6) Fixed Income: A conceptual understanding of the principles underlying the yields, risks and valuation of fixed income securities and the application of current valuation techniques.

(S1) Adaptability

(S2) Problem solving

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Written communication skills

(S7) International awareness

(S8) Lifelong learning

(S9) Ethical awareness


Teaching and Learning Strategies

Hybrid delivery, with social distancing on campus.

1 hour online asynchronous learning per week x 12 weeks
1 hour face-to-face synchronous lecture per week x 12 weeks
1 hour face-to-face seminar every other week x 6 weeks
1 hour face-to-face peer-to-peer learning every other week (unscheduled) x 6 weeks
Self-directed learning x 114 hours

Canvas will be used to support the delivery of this module in the following ways:

Videos and other interactive learning resources, replacing face-to-face lectures in the hybrid delivery mode will be made available on Canvas;

Any announcements relating to the course will be made via Canvas;

Any additional material or readings will be made available via Canvas;

Discussion forums will be made available on Canvas;

Practice questions and answers will be made available on Canvas.


Syllabus

 

Equity Investments:

Types of equity securities and their characteristics;

Equity markets: characteristics, institutions, and benchmarks;

Fundamental analysis (sector, industry, company) and the valuation of individual equity securities;

Equity market valuation and return analysis;

Special applications of fundamental analysis (residual earnings);

Equity of hybrid investment vehicles.

Fixed Income:

Types of fixed income securities and their characteristics;

Fixed income markets: characteristics, institutions, and benchmarks;

Fixed income valuation (sector, industry, company) and return analysis;

Term structure determination and yield spreads;

Analysis of interest rate risk;

Analysis of credit risk;

Valuing bonds with embedded options;

Structured products.


Recommended Texts

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