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EC4417   Financial Economics: Asset Pricing

Academic year(s): 2018-2019

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 10

Semester: 1

Availability restrictions: Available to General Degree students with the permission of the Honours Adviser

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.

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).

Scheduled learning hours: 25

Guided independent study hours: 175

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 50%, Coursework (incl. Class Test 25%) = 50%

As defined by QAA
Written examinations : 75%
Practical examinations : 0%
Coursework: 25%

Re-assessment: 2-hour Written Examination = 100%


Module teaching staff: Dr I Psaradellis