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 | Derivatives and Alternative Investments | ||
Code | MGTK757 | ||
Coordinator |
Mr JP Laws Finance and Accounting J.Laws@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2022-23 | Level 7 FHEQ | Whole Session | 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 8 |
32 | |||||
Timetable (if known) | |||||||
Private Study | 118 | ||||||
TOTAL HOURS | 150 |
Assessment |
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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 |
Individual written report Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 50 | ||||
Individual written report Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 50 |
Aims |
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The module aims to: Provide students with knowledge and understanding of the nature and operation of derivative markets and derivative instruments, including forwards, futures, options, swaps and credit derivatives, and how they can be used in managing financial risk;p Provide students with a working knowledge of the nature of alternative investments, including hedge funds, private equity, real estate, and commodities and develop an understanding of the characteristics of the markets in which they are traded. |
Learning Outcomes |
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(LE1) Flexible and adaptable. |
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(LE2) A team player. |
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(LE3) Internationally aware. |
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(LO1) Students will be able to demonstrate a comprehensive knowledge, understanding and critical awareness of the nature and use of derivative securities in complex scenarios. |
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(LO2) Students will be able to demonstrate a comprehensive knowledge, understanding and critical awareness of the nature of derivative markets. |
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(LO3) Students will able to demonstrate a comprehensive knowledge and understanding of professional practice related to alternative investments. |
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(LO4) Students will be able to apply knowledge and understanding of applied techniques and methods to evaluate alternative investments creatively. |
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(LO5) Students will be able to demonstrate a conceptual understanding of the principles underlying the investment in alternative assets at the forefront of current practice. |
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(LRE1) A problem solver. |
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(LRE2) Numerate. |
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(LRE3) Commercially aware. |
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(LRE4) Organised and able to work under pressure. |
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(LRE5) An excellent verbal and written communicator. |
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(LRE6) IT literate. |
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(LRE7) A lifelong learner. |
Teaching and Learning Strategies |
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The module will be delivered over an 8-week period, primarily through a series of weekly e-lectures. These will be supported by individual online tasks and discussion boards, which will be used to develop and apply learning. These will be moderated by the module instructor. Students will also be directed to key academic readings, practitioner readings, media clips and newspaper articles to help develop real-world understanding and application of subject matter. Unscheduled Directed Student Hours: 24 hours Additionally, four scheduled synchronous seminar will be delivered (if there are issues with time zones another seminar will be provided). The synchronous sessions will utilise real-time market data taken from Bloomberg or Thompson Ikon. Scheduled Directed Student Hours: 8 hours Self-Directed Learning Hours: 118 hours |
Syllabus |
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Derivatives: Forward markets and instruments. Futures markets and instruments. Options markets and instruments. Swaps markets and instruments. Credit derivatives markets and instruments. Alternative Investments: Real estate. Private equity/venture capital. Hedge funds. |
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. |