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EC4417 Financial Economics: Asset Pricing

SCOTCAT credits:20
Academic year(s):2017/8
SCQF Level 10
Planned timetable:2.00 pm - 4.00 pm Mon.

The main aim of this module is to provide a rigorous grounding in the theory and applications of finance and a thorough synthesis of the most important current research in finance, with a particular emphasis on the applications of the principles. The ultimate aim is to provide students with a standard approach to define, measure, as well as predict the value of financial claims in a world of uncertainty. The standard notion of risk versus return is defined and analytical economic models of how risks and returns are determined and traded in financial markets. Both normative and positive aspects of financial theory will be investigated, together with supporting descriptive and empirical evidence.

Place in programme(s) and relationship to other modules


Compulsory for Financial Economics

Optional for all Economics degrees and BA (Int Hons) Economics

UG Anti-requisite(s):EC4501, EC4617

Learning and teaching methods and delivery

Weekly contact:20 hours of lectures over 11 weeks, 1-hour tutorial (x 5 weeks) plus 1 office hour (x 12 weeks).
Total module hours:
  • Scheduled learning: 25
  • Guided independent study: 175

Assessment pattern

UG As defined by QAA:
  • Written examinations: 75%
  • Practical examinations: 0%
  • Coursework: 25%
UG As used by St Andrews:2-hour Written Examination = 50%, Coursework (incl. Class Test 25%) = 50%
UG Re-assessment:2-hour Written Examination = 100%


Module coordinator:Dr L Savorelli
Module teaching staff:Dr L Savorelli