20 Credits SPRING

Pre-requisites: Either ECN118 or ECN119, or equivalent MAS modules.

Aims/Description: The aim of this module is to introduce some of the main principles of modern finance. This is an analytical module which reflects the quantitative nature of the subject and each topic is developed from first principles. The topics covered include: the time value of money and its applications; risk return and diversification; introduction to portfolio selection; the capital asset pricing model (CAPM) and its use; and an introduction to the role of utility theory in finance and company capital structure. The aims of the module are: To provide an introduction to portfolio theory, i.e., the concept of financial risk and behaviour of rational, risk-averse investors; leading to a general equilibrium picture of financial asset returns and prices; explore behavioural financial decision making, in particular the effects of framing and loss aversion on the decision to invest in stocks, and the decision as to which stocks to buy and sell, and when; provide students with an understanding of the practical operations and economic rationale underlying financial markets; introduce students to current issues in futures market analysis.

Staff Contact: Dr Matthew Rablen
Teaching Methods: Lectures, Seminars, Independent Study
Assessment: Formal Exam, Class Test

Information on the department responsible for this unit (Economics):

Departmental Home Page
Teaching timetable


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Western Bank, Sheffield, S10 2TN, UK