This programme is designed to help you understand how to determine values for claims to uncertain and risky payments such as company shares and dividends, financial derivatives, metals and commodities, and insurance claims, using fundamental principles from economics and finance.
Why this programme
Asset Pricing & Investment will provide you with a comprehensive understanding of:
theories and empirical characteristics of asset prices and their dynamics in financial markets
the foundations of optimal portfolio theory
how to implement and calibrate asset pricing models in a computer-based learning environment using empirical and econometric techniques.
The acquired skills and knowledge on issues relevant to asset pricing and investments are essential for both institutional and individual investors participating in capital and money markets.
You will receive training on Bloomberg software in the school's dedicated training suite which will provide hands on experience with asset pricing models.
You will take four core and two optional courses and complete a substantial independent piece of work normally in the form of a dissertation. You will be taught through lectures, some of which may also be accompanied by class/group discussions. You will attend workshops to help define and develop your dissertation proposal and you will be assigned an individual dissertation supervisor who will provide guidance and comments as you complete your dissertation.
Economic fundamentals and financial markets
Empirical asset pricing
Investment, finance and asset pricing
Portfolio analysis and investment.
Optional courses may include
Advanced portfolio analysis
Applied computational finance
Corporate finance and investment
Financial derivatives (Mathematical finance is a co-requisite for this course)
Financial market micro structure
Graduates will typically find employment in financial institutions (asset management, investment banks and consulting) and governmental bodies involved in financial decision making. We have a dedicated careers and employability team who provide 1-2-1 support and advice, group workshops, employer events on campus and networking opportunities throughout the year to help you with your career prospects.