| Unit name | Investment Management |
|---|---|
| Unit code | ECONM2030 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Mr. Diedrich |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
Asset Pricing ECONM2035 |
| Units you must take alongside this one (co-requisite units) |
None |
| Units you may not take alongside this one |
None |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
This unit describes the techniques used by investment managers to build and maintain portfolios of stocks and bonds and the techniques used by investors to assess portfolio manager performance.
As such, the course would be excellent preparation for those considering a career in fund management or quantitative trading.
The course has a largely practical bias but the material is presented from a rigorous, model-based perspective. We start with a review of the theory relevant to investment strategies and portfolio choices (market efficiency, basic asset pricing models, the Grossman/Stiglitz paradox…)
The course then develops the theoretical tools to assess the risk-adjusted performance of investment strategies. The unit also examines in detail the empirical evidence available on the performance of professional portfolio managers.
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
Summative:
This unit will be assessed by 100% exam (2 hours). This assessment will cover ILO 1, ILO 2, ILO 3, and ILO 4.
Any re-assessment required will be a like for like assessment.
Formative:
Formative assessment: assignment similar in spirit and content to the exam, to be handed in and marked.
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. ECONM2030).
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 University 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. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
