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 BLIM503
Coordinator Dr DE Avino
Finance and Accounting
D.Avino@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 FHEQ Second 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

      6

36
Timetable (if known)              
Private Study 114
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Examination. There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): 2  150    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.         
Quiz. Standard UoL penalty applies for late submission. This is an anonymous assessment.         

Aims

Derivatives:

To provide 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.

Alternative Investments:

To provide 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

(LO1) Derivatives: A comprehensive knowledge, understanding and critical awareness of the nature and use of derivative securities in complex scenarios;

(LO2) Derivatives: A comprehensive knowledge, understanding and critical awareness of the nature of derivative markets;

(LO3) Alternative investments: A comprehensive knowledge and understanding of professional practice related to alternative investments;

(LO4) Alternative investments: The application of knowledge and understanding of applied techniques and methods to evaluate alternative investments creatively;

(LO5) Alternative investments: A conceptual understanding of the principles underlying the investment in alternative assets at the forefront of current practice.

(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

2 hour lecture x 12 weeks
1 hour seminar x 6 weeks
1 hour group learning x 6 weeks
114 hours self-directed learning


Syllabus

 

Derivatives:

Types of derivative instruments and their characteristics;

Forward markets and instruments;

Futures markets and instruments;

Options markets and instruments;

Swaps markets and instruments;

Credit derivatives markets and instruments.

Alternative Investments:

Types of alternative investments and their characteristics;

Real estate;

Private equity/venture capital;

Hedge funds;

Closely held companies and inactively traded securities;

Distressed securities/bankruptcies;

Commodities;

Tangible assets with low liquidity.


Recommended Texts

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