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Masters (MSc) in Finance

Learn the finance essentials; from derivatives and investments, to mergers and acquisitions and global markets.

This master's in finance enables you to work with our award-winning finance experts to build in-demand quantitative skills. You will gain the essential information needed to pursue a range of exciting finance careers at an international level.

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This course is ranked 7th in the UK and 22nd globally (QS Business Masters Rankings 2019)

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The MSc Finance course has both CFA Institute Affiliate status and Economic and Social Research Council (ESRC) status which positions you to progress to a research degree. It is also linked to The Manchester Accounting and Finance Group – one of the leading accounting and finance units in Europe.

Find out more about studying Accounting and Finance at Alliance MBS >>

Read about other business Master's degree courses at Alliance MBS >>

MSc Finance

Year of entry: 2019

Course unit details:
Asset Pricing

Unit code BMAN71111
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 1
Offered by Alliance Manchester Business School
Available as a free choice unit? No

Overview

From the beginning of the course unit it is assumed that you have a working understanding of basic concepts in economics (e.g., demand and supply, utility functions, indifference curves), introductory financial management (e.g., present values, discount factors, returns), mathematics (natural logarithms, exponentials, differentiation, resolution of simple equations and systems of equations), and statistics (e.g., expectations, variance, correlation, random variables). These are covered in virtually every course in economics and statistics at introductory (undergraduate) levels. You are warmly invited to make sure you understand all of these pre-requisite concepts. A good starting point, at an introductory level, is provided by chapters 1-4 of the textbook, Elton, Gruber, Brown, and Goetzmann, pp. 2-67. Additional reference readings will be suggested upon request from the students. However, the course unit is not responsible for reviewing or explaining basic notions in economics, financial management, and statistics that the students are assumed to possess upon their enrolment in the relevant specialist master degree.

Pre/co-requisites

BMAN71111 Programme Req: BMAN71111 is only available as a core unit to students on MSc Accounting & Finance and MSc Finance

Aims

The aims of this course are to introduce students the structure of the main theories that are popular in empirical and applied finance, as well as provide an understanding of how asset-pricing models are formally constructed

Learning outcomes

On completion of this unit successful students should have:

  • An understanding of the basic theoretical foundations of the mainstream asset-pricing models.
  • A systematic knowledge and understanding of issues at the forefront of research and practice in asset-pricing theories, including associated empirical evidence.
  • An understanding of the limits of such knowledge and of the effects of this on analyses and interpretation.
  • Appreciate alternative viewpoints on asset pricing issues
  • The methods of assessment for this unit allow students to demonstrate achievement of all intended learning outcomes.

Assessment methods

Written examination (100%) 2 hour

Feedback methods

Informal advice and discussion during a lecture, seminar, workshop or lab.

 

Recommended reading

  • Main text:

    Elton, E., M., Gruber, S., Brown, and W., Goetzmann, Modern Portfolio Theory and Investment Analysis: International Student Version, John Wiley & Sons; 8th International student edition edition (5 Mar 2010) ISBN-10: 9780470505847; ISBN-13: 978-0470505847

    The main reading is given in the syllabus above. Please note that this list is not a fully comprehensive and that additional references may be given in lectures. A few handouts on the material covered will be made available before the relevant lectures.

    Teaching materials, handouts, datasets, etc. will be available from the course unit website, on Blackboard. Additional announcements and discussion questions will be posted on the forum. It is essentially that students monitor contents and postings on the class Blackboard page at all times during the semester.

Study hours

Scheduled activity hours
Assessment written exam 2
Lectures 25
Independent study hours
Independent study 123

Teaching staff

Staff member Role
Hening Liu Unit coordinator

Additional notes

Informal Contact Methods

Office Hours

Return to course details

Lala Jafarli, Azerbaijan, MSc Finance student
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"Alliance MBS provides the opportunity to meet experts from your field of interest. You feel secure around the friendly environment and consistently feel the support of everybody. This year I lived everything to a maximum level; having fun with international friends and studying really hard. In a word, I would say that it was amazing!"

Lala Jafarli, Azerbaijan

MSc Finance, Class of 2015

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