- Basic Real Options
- Position Strategies
- American Growth Options
- Finding Enterprise Real Options
- Incentive Collars
- Switching Options
- Debt & Equity Strategies
- Real Options and Public Policy
- Exam Tutorial
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.
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.
Read about other business Master's degree courses at Alliance MBS >>
MSc Finance / Course details
Year of entry: 2019
Course unit details:
Real Options in Corporate Finance
|Unit level||FHEQ level 7 – master's degree or fourth year of an integrated master's degree|
|Teaching period(s)||Semester 2|
|Offered by||Alliance Manchester Business School|
|Available as a free choice unit?||No|
|Unit title||Unit code||Requirement type||Description|
BMAN70141 Derivative Securities (or similar), Excel
The course is for students interested in evaluating strategy and value in energy, property, environment, R&D, sports, banking and consulting. These businesses will be studied in terms of the real options that practitioners have identified. The “expected outcome” is that students will understand the basics of real options, and the practical applications to business opportunities. Each session will generally involve lectures and application to an appropriate industry or enterprise. There will be tutorials in connection with your case/report. Relevant practical cases are in Real Option Value
On completion of this unit successful students will have achieved the following learning outcomes:
• An advanced knowledge and understanding of theoretical real option models
• A knowledge and understanding of research skills in real option applications
• Skills in collecting and analysing empirical data and in interpreting empirical results (for voluntary projects) the ability to participate constructively in groups
The methods of assessment for this unit allow students to demonstrate achievement of all intended learning outcomes.
Useful outcomes may be employment as investment banker, wealth manager/adviser or real option strategist for active enterprises, extending project work to reality.
Coursework (50%) Written group report (max 4000 words), or individual case (max 2000 words)
Written Examination (50%)
- Informal advice and discussion during a lecture, seminar, workshop or lab.
- In-class exercises and quizzes
- Verbal comments after students have given a group or individual presentation.
- Formal Feedback on projects/cases two weeks after presentations, posted on BB and sent to project leaders.
Dixit, A. and R. Pindyck (1994), Investments under Uncertainty, Princeton University Press, Princeton: ISBN 0 691 03410 9.
Howell, S., A. Stark, D. Newton, D. Paxson, M. Cavus, J. Pereira and K. Patel (2001), Real Options: Evaluating Corporate Investment Opportunities in a Dynamic World, Financial Times Prentice Hall, London: ISBN 0 273 65302 4.
Brach, M.A. (20), Real Options in Practice, Wiley Finance, Hoboken: ISBN 0 471 26308 7.
Paxson, Dean (2003), Real R&D Options, Butterworth-Heinemann, Oxford. ISBN 075-0653329.
Patel, Kanak, Dean Paxson and Tien Foo Sing (2005), “Practical Uses of Real Property Options”, RICS Research Papers, London.
Paxson, Dean (2020), REAL OPTION VALUE, manuscript.
Additional materials such as cases and possibly reading materials will be posted on BB, periodically.
|Scheduled activity hours|
|Assessment written exam||1.5|
|Independent study hours|
|Dean Paxson||Unit coordinator|
Informal Contact Method
Dean Paxson, AMBS 5.042, email for special office appointments, firstname.lastname@example.org
Groups will schedule meetings after class, or special appointments
"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!"