Skip to main content

Unit information: Financial Data in 2021/22

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Financial Data
Unit code EFIM20040
Credit points 20
Level of study I/5
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Li
Open unit status Not open
Pre-requisites

Mathematics for Economics

Probability, Statistics and Econometrics

Co-requisites

Quantitative Methods for Finance 1

School/department School of Accounting and Finance - Business School
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

All aspects of decision-making in private sector Finance are based or at least supported by data analysis. Some of them are completely automated, for example computer-based trading. Whether for research or professional purposes, financial data feature an extreme diversity of sources and frequencies. Data may originate from very different sources, some of them official, free, subjected to repeated check, to others, obtained at high cost, entirely proprietary:

  • International institutions like the World Bank, the IMF, the OECD
  • National Governments
  • Private sector firms like Morningstar, Standard & Poor’s, the stock exchanges
  • Specialist data vendors like Thomson Reuters/Refinitiv and Bloomberg
  • Academic institutions like the LBS or the websites of individual researchers
  • Some datasets today are “scraped” off the internet by private sector firms for their own decision-making.

Their frequencies can range from annual to microsecond.

The unit will introduce students to very different data sources, how to visualise and present them in an ethical and informative way, how sampling may be required and how to implement it. Students will learn to understand or question the way the data were collected or generated and how this impacts how they should be sampled, summarised and displayed. They will learn to critically assess the quality and reliability or at least the limitations of even official datasets.

Besides publicly available data, the unit will make extensive use of our existing data and specialist newspaper resources:

  • Bloomberg room
  • Thomson Reuters Eikon
  • WRDS (Wharton Research Data Services)
  • Financial News (Dow Jones) online
  • Thomson Reuters data room (Engineering School)

The unit will be an opportunity for students to obtain Thomson Reuters and Bloomberg certification.

Intended Learning Outcomes

Students will be able to:

  1. Locate, extract and analyse data from multiple sources, including acknowledging and referencing of sources
  2. Represent financial data in an informative and ethical way
  3. Communicate both orally and through writing to present quantitative and qualitative information in a form appropriate to the intended audience
  4. Analyse and identify the components of a problem
  5. Synthesise scattered information and combine data from different sources
  6. Present data using graphical methods.

Teaching Information

18 hours lectures

5 hours supervised work in Studio/Workshop

5 hours computer and Bloomberg data room

Formative assessment will be based on group projects and presentations as well as practice material to hand in, including small scale case studies of data visualisation preparing students for the summative coursework.

Assessment Information

Summative assessment: individual project (3000 words). This assesses all learning outcomes.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM20040).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

Feedback