Unit name | Behavioural Finance and Accounting |
---|---|
Unit code | EFIM30048 |
Credit points | 10 |
Level of study | H/6 |
Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
Unit director | Mrs. Willis |
Open unit status | Not open |
Pre-requisites |
EFIM20006 Corporate Finance |
Co-requisites |
None Students cannot take this unit if they are taking EFIM30027 Behavioural Economics |
School/department | School of Economics, Finance and Management |
Faculty | Faculty of Social Sciences and Law |
The unit is aimed at students who want to enhance their understanding of the effects of human psychology and emotions on investor and managerial financial decision-making, and to develop strategies for overcoming biased decision-making.
Behavioural finance, behavioural corporate finance and behavioural accounting examine the impact on financial decision-making of making the ‘real-world’ assumption that investors and managers are not fully-rational, are not completely self-interested, and exhibit psychological biases and emotions.
Content includes:
At the end of the unit students will be expected to be able to:
10 hours of lectures, 5 hours of classes
Formative assessment
Summative assessment
Coursework – Design and carry out a survey to test for one or more of the psychological biases that we cover in the course. Reflect on how the results confirm or conflict with theories studied and how this impacts on financial decision making and managing decision makers.
This will account for 100% of the mark and will assess all learning outcomes.
There is no one textbook that covers everything we do in the course, but we will reference the following, amongst others.
Ackert, L., and Deaves, R. Behavioral Finance: Psychology, Decision-Making and Markets. South-Western Cengage Learning.
Shefrin, H. Behavioral Corporate Finance: Decisions that Create Value. McGraw-Hill International Edition 2007.
Daniel Kahneman (2012) Thinking, Fast and Slow, Penguin