| Unit name | Empirical Finance |
|---|---|
| Unit code | EFIMM0046 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Dr. Farkas |
| Open unit status | Not open |
| Pre-requisites |
N/A |
| Co-requisites |
N/A |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
The aim of this unit is to introduce students to doing quantitative empirical research in finance. The first part of the unit covers principles of conducting finance research, doing the literature review and working with financial databases. The second part of the unit focuses on practical implementation of selected particular quantitative research methodologies. In the unit, students are exposed to leading empirical research in various areas of finance and learn how to develop their own research project, with an emphasis on critical assessment of the existing theoretical and empirical literature, obtaining and organising data, analysing it with relevant methods and techniques using econometric software and writing up the results in a formal fashion. The unit prepares students to do an MSc dissertation in finance and is relevant for those planning a career in the financial industry as well as for those considering further academic work in the field.
On completion of the unit students will be able to:
1. Understand the standard principles of conducting quantitative empirical research at Masters level;
2. Do a literature review;
3. Work with financial databases;
4. Apply relevant econometric tools to specific finance research problems;
5. Use relevant software to analyse data;
6. Put results in the context of existing research;
7. Write up the results in a formal fashion.
Teaching will be delivered through a combination of synchronous and asynchronous sessions including lectures, tutorials, drop-in sessions, discussion boards and other online learning opportunities
This unit will be assessed by group coursework 40%, individual coursework 10%, and exam 50%
There is no specific textbook for the unit. Instead, the reading combines detailed study of specific academic research papers used to illustrate each of the topics with selected parts of background references, such as:
