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Finance |
The Finance principal course provides a rigorous training in modern finance theory and practice. In particular, the course explains how financial markets work and why they are important. The course may be used as a basis for an eventual career in finance and related fields. Finance bridges naturally to other subjects - especially to Economics, Management Science, Mathematics and Law.
NB. Because of variations in staff availability and research interests from time to time, certain courses may not run in particular semesters. Erasmus, Exchange and Study Abroad students please confirm availability with the School when applying.
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-10022 | Strategic Thinking | EP | M | 7.5 | 15 | |
| This module introduces students to the tools of modern game theory at a non-technical level, allowing the analysis of many strategic situations. In undertaking this analysis, students will develop intuition to understand the incentives that underlie decision-making in strategic environments. This module is useful if students wish to study game theory further in Economics, Politics, Philosophy or Biology. Furthermore, it also serves to enhance the way students look at many aspects of everyday life, from current affairs to where friends should meet if they lose their mobile phones. | ||||||
| MAN-10015 | Accounting Principles | C | M | 7.5 | 15 | |
| This module introduces students to the fundamental concepts and key techniques of accounting. Students will develop a knowledge and understanding of the basic principles of accounting, providing them with key transferable employability skills. The module syllabus includes income statements, balance sheets and budgeting. It is delivered through weekly lectures and student-centred tutorials. | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will further develop your ability to read more efficiently and write more effectively. Classes will focus on developing your ability to identify key points and arguments within a text, and to utilise techniques to communicate ideas in both written and spoken formats. | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-10017 | Economics of Financial Markets | C | M | 7.5 | 15 | |
| This module provides an overview of financial systems and is designed to equip students with the basic economic concepts necessary to understand the functioning of modern financial systems. It examines the institutional framework that underpins financial markets and the instruments that are traded by financial institutions and enterprises. The module introduces students to the concepts of discounting, investment appraisal, risk, and arbitrage. | ||||||
| ECO-10023 | Quantitative Methods | C | M | 7.5 | 15 | |
| This module is designed especially to cater for the needs of students taking the Principal Economics, Principal Finance or Accounting and Finance Single Honours programme, and is structured to assist them in understanding the technical and quantitative aspects of the subject. No prior knowledge, above basic school maths, is assumed. The module will introduce and develop students&© understanding of a range of statistical and mathematical methods and techniques. These include basic descriptive statistics (measures of central tendency and dispersion), correlation and interdependence, bivariate regression, linear algebra and functions, solving linear simultaneous equations, basic calculus including the notion of the margin and differentiation, maxima and minima. | ||||||
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-20020 | Finance - Study Abroad I | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20021 | Finance - Study Abroad II | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20041 | Asset Pricing | C | M | 7.5 | 15 | |
| This module provides a conceptual framework that enables a student to discuss and evaluate a wide variety of financial instruments. The unifying principle of the course is the so-called "No Arbitrage Principle". Based on this fundamental idea, methods and models used by financial economists in the analysis of asset prices and portfolio choices in stock markets are discussed. | ||||||
| ECO-20042 | Introduction to Econometrics | C | M | 7.5 | 15 | |
| This module is designed especially to cater for the needs of students taking the Principal Economics, Business Economics Single Honours, Principal Finance or Accounting and Finance Single Honours programme, and is structured to assist them in understanding the technical and quantitative aspects of the subject. The module will introduce and develop students understanding of econometrics and the use of statistical methods to investigate selected economic and financial issues (e.g. consumption functions, household labour supply, CAPM) | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will further develop your ability to read more efficiently and write more effectively. Classes will focus on developing your ability to identify key points and arguments within a text, and to utilise techniques to communicate ideas in both written and spoken formats. | ||||||
| ENL-90004 | Academic English for Business Students ( 2) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will provide opportunities for you to increase your ability to read more challenging texts more efficiently and write in a more sophisticated manner. Classes will focus on further development of techniques to enable you to identify key points and arguments within lengthy texts and to utilise your understanding of language and structures to communicate these ideas as well as your own views. | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-20022 | Finance - Study Abroad III | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20023 | Finance - Study Abroad IV | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20039 | Applied Financial Analysis | C | M | 7.5 | 15 | |
| This module is designed to familiarize students with the main techniques for modelling financial data. The module builds upon the core theory modules in finance by examining statistical applications involving CAPM, APT and market efficiency and develops univariate, multivariate regression techniques, and models of volatility in the process. Diagnostic tests widely used in empirical models of finance are described and interpreted. The module has a distinct hands-on flavour with computer lab classes offering the opportunity for students to explore key elements of financial modelling. | ||||||
| ECO-20044 | Portfolio Choice | C | M | 7.5 | 15 | |
| The aim of this module is to provide you with a sound understanding of the economic theories that are used to make well-founded portfolio recommendations to investors. The module builds on the earlier module Eco-20011 Asset Pricing. Students are assessed at the end of the year in a final unseen exam. During the semester students are expected to collect a portfolio on the investment strategies they will implement using a financial market simulation. | ||||||
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-30038 | Corporate Finance | C | M | 7.5 | 15 | |
| The aim of this module to introduce the necessary theoretical and practical background in finance that is used to assess financial decisions within corporations. The module will explain what defines a corporation and how they are financed. It covers investment decisions and techniques for capital budgeting and examines risk management techniques and their applications. The impact of taxation of corporations and dividend payout policies are also examined. | ||||||
| ECO-30040 | Options and Futures | C | M | 7.5 | 15 | |
| This course deals with the valuation and hedging of options, forward contracts, swaps and other derivatives. The pricing of options and other derivatives depends on three key factors: 1. the volatility of the underlying asset, which is discussed International Finance in the context of efficient markets; 2. the extensive use of arbitrage arguments to price assets as discussed in ECO-20011 (Asset Pricing) and 3. the present value and discounting procedures to value streams of returns as analysed in ECO-10008 (Economics for Finance) and ECO-20012 (Portfolio Choice). Bringing these three elements together and deepening the understanding of each, it will be shown how complex derivatives, like index options, swaps and forward contracts can be analysed. Derivatives type securities such as warrants, convertibles and rights issues are used by companies and are part of the analysis of Corporate Finance. | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will further develop your ability to read more efficiently and write more effectively. Classes will focus on developing your ability to identify key points and arguments within a text, and to utilise techniques to communicate ideas in both written and spoken formats. | ||||||
| ENL-90004 | Academic English for Business Students ( 2) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will provide opportunities for you to increase your ability to read more challenging texts more efficiently and write in a more sophisticated manner. Classes will focus on further development of techniques to enable you to identify key points and arguments within lengthy texts and to utilise your understanding of language and structures to communicate these ideas as well as your own views. | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-30026 | Game Theory | EP | M | 7.5 | 15 | |
| The module introduces students to the methods of game theory, enabling them to gain an understanding of strategic interaction, knowledge of which is fundamental in understanding modern literature in a variety of disciplines, including Economics, Politics and Biology. Although the subject will cover some elements of abstract modelling, topics will be introduced on an examples-led basis, with the emphasis on applicability of the theory to real life. | ||||||
| ECO-30037 | International Finance | EP | M | 7.5 | 15 | |
| This module is designed to familiarize students with the structure and operation of the foreign exchange market, the determinants of the foreign exchange rate and the characteristics of international financial markets. The module will introduce the principle international parity conditions and consider the question of whether international markets are efficient or not. | ||||||
| ECO-30039 | Banking | EP | M | 7.5 | 15 | |
| This module provides students with an understanding of the specific role played by banks in a financial system; of recent developments that have occurred in the banking industry; of methods to manage the risksto which banks; and of the regulatory environment in which banks operate. | ||||||
| ECO-30043 | Economic and Business Forecasting - ISP | EP | C | 7.5 | 15 | |
| The ability to analyse quantitative information and produce and evaluatate forecasts is a highly prized skill in business and industry. This module is designed to familiarize you with a variety of methods and techniques used for forecasting economic and business data and their use in economic and business decision-making. The module will consider, in turn, applications and merits of various smoothing methods, time series decomposition, univariate time series and structural modelling forecasting methods. Methods of forecast evaluation will also be examined. The module is hands-on and students will learn how to apply the various forecasting techniques using real data. The module will develop further IT skills associated with the use of Stata and other software packages. Module assessment is based upon completion of a report comprising of three forecasts produced independently. | ||||||
| ENL-90005 | Advanced Business English Communication | EA | C | 7.5 | 15 | |
| In this highly competitive climate you need something to set you apart from others. This module will provide you with the specialist language and professional communication skills you will require if you wish to pursue a career in business. This highly practical module will build upon and complement your existing language skills by working on themes such as, negotiating strategies and presenting visual information. Using case studies you will practise identifying and clarifying information, constructing counter-arguments, and providing evidence verbally and in writing. Revision of essential grammatical structures and functional areas of language as well as building a subject-specific bank of key words will provide you with the confidence to engage fluently and competently in numerous business contexts. On completion of this module you may wish to to attain an additional English language qualification. If so, you have the option of attending our (BEC Higher) Preparation Course which will prepare you to take the highly sought after, and internationally recognised Cambridge BEC ( Higher ) Certificate in Business English Communication Examination . This is offered after the Keele examination period in April when you have completed your principal courses. | ||||||
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-10022 | Strategic Thinking | EP | M | 7.5 | 15 | |
| This module introduces students to the tools of modern game theory at a non-technical level, allowing the analysis of many strategic situations. In undertaking this analysis, students will develop intuition to understand the incentives that underlie decision-making in strategic environments. This module is useful if students wish to study game theory further in Economics, Politics, Philosophy or Biology. Furthermore, it also serves to enhance the way students look at many aspects of everyday life, from current affairs to where friends should meet if they lose their mobile phones. | ||||||
| MAN-10015 | Accounting Principles | C | M | 7.5 | 15 | |
| This module introduces students to the fundamental concepts and key techniques of accounting. Students will develop a knowledge and understanding of the basic principles of accounting, providing them with key transferable employability skills. The module syllabus includes income statements, balance sheets and budgeting. It is delivered through weekly lectures and student-centred tutorials. | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will further develop your ability to read more efficiently and write more effectively. Classes will focus on developing your ability to identify key points and arguments within a text, and to utilise techniques to communicate ideas in both written and spoken formats. | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-10017 | Economics of Financial Markets | C | M | 7.5 | 15 | |
| This module provides an overview of financial systems and is designed to equip students with the basic economic concepts necessary to understand the functioning of modern financial systems. It examines the institutional framework that underpins financial markets and the instruments that are traded by financial institutions and enterprises. The module introduces students to the concepts of discounting, investment appraisal, risk, and arbitrage. | ||||||
| ECO-10023 | Quantitative Methods | C | M | 7.5 | 15 | |
| This module is designed especially to cater for the needs of students taking the Principal Economics, Principal Finance or Accounting and Finance Single Honours programme, and is structured to assist them in understanding the technical and quantitative aspects of the subject. No prior knowledge, above basic school maths, is assumed. The module will introduce and develop students&© understanding of a range of statistical and mathematical methods and techniques. These include basic descriptive statistics (measures of central tendency and dispersion), correlation and interdependence, bivariate regression, linear algebra and functions, solving linear simultaneous equations, basic calculus including the notion of the margin and differentiation, maxima and minima. | ||||||
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-20020 | Finance - Study Abroad I | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20021 | Finance - Study Abroad II | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20041 | Asset Pricing | C | M | 7.5 | 15 | |
| This module provides a conceptual framework that enables a student to discuss and evaluate a wide variety of financial instruments. The unifying principle of the course is the so-called "No Arbitrage Principle". Based on this fundamental idea, methods and models used by financial economists in the analysis of asset prices and portfolio choices in stock markets are discussed. | ||||||
| ECO-20042 | Introduction to Econometrics | C | M | 7.5 | 15 | |
| This module is designed especially to cater for the needs of students taking the Principal Economics, Business Economics Single Honours, Principal Finance or Accounting and Finance Single Honours programme, and is structured to assist them in understanding the technical and quantitative aspects of the subject. The module will introduce and develop students understanding of econometrics and the use of statistical methods to investigate selected economic and financial issues (e.g. consumption functions, household labour supply, CAPM) | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will further develop your ability to read more efficiently and write more effectively. Classes will focus on developing your ability to identify key points and arguments within a text, and to utilise techniques to communicate ideas in both written and spoken formats. | ||||||
| ENL-90004 | Academic English for Business Students ( 2) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will provide opportunities for you to increase your ability to read more challenging texts more efficiently and write in a more sophisticated manner. Classes will focus on further development of techniques to enable you to identify key points and arguments within lengthy texts and to utilise your understanding of language and structures to communicate these ideas as well as your own views. | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ECO-20022 | Finance - Study Abroad III | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20023 | Finance - Study Abroad IV | EP | C | 7.5 | 15 | |
| This is a module that is automatically allocated to the records our Keele level II students who are going to Study Abroad at a partner University for a semester of their second year and cannot be selected by any other level II students. | ||||||
| ECO-20039 | Applied Financial Analysis | C | M | 7.5 | 15 | |
| This module is designed to familiarize students with the main techniques for modelling financial data. The module builds upon the core theory modules in finance by examining statistical applications involving CAPM, APT and market efficiency and develops univariate, multivariate regression techniques, and models of volatility in the process. Diagnostic tests widely used in empirical models of finance are described and interpreted. The module has a distinct hands-on flavour with computer lab classes offering the opportunity for students to explore key elements of financial modelling. | ||||||
| ECO-20044 | Portfolio Choice | C | M | 7.5 | 15 | |
| The aim of this module is to provide you with a sound understanding of the economic theories that are used to make well-founded portfolio recommendations to investors. The module builds on the earlier module Eco-20011 Asset Pricing. Students are assessed at the end of the year in a final unseen exam. During the semester students are expected to collect a portfolio on the investment strategies they will implement using a financial market simulation. | ||||||
| Semester 1 | C/O | TYP | ECTS | CATS | ||
| ECO-30038 | Corporate Finance | EP | M | 7.5 | 15 | |
| The aim of this module to introduce the necessary theoretical and practical background in finance that is used to assess financial decisions within corporations. The module will explain what defines a corporation and how they are financed. It covers investment decisions and techniques for capital budgeting and examines risk management techniques and their applications. The impact of taxation of corporations and dividend payout policies are also examined. | ||||||
| ECO-30040 | Options and Futures | EP | M | 7.5 | 15 | |
| This course deals with the valuation and hedging of options, forward contracts, swaps and other derivatives. The pricing of options and other derivatives depends on three key factors: 1. the volatility of the underlying asset, which is discussed International Finance in the context of efficient markets; 2. the extensive use of arbitrage arguments to price assets as discussed in ECO-20011 (Asset Pricing) and 3. the present value and discounting procedures to value streams of returns as analysed in ECO-10008 (Economics for Finance) and ECO-20012 (Portfolio Choice). Bringing these three elements together and deepening the understanding of each, it will be shown how complex derivatives, like index options, swaps and forward contracts can be analysed. Derivatives type securities such as warrants, convertibles and rights issues are used by companies and are part of the analysis of Corporate Finance. | ||||||
| Semester 1-2 | C/O | TYP | ECTS | CATS | ||
| ENL-90003 | Academic English for Business Students (Part 1) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will further develop your ability to read more efficiently and write more effectively. Classes will focus on developing your ability to identify key points and arguments within a text, and to utilise techniques to communicate ideas in both written and spoken formats. | ||||||
| ENL-90004 | Academic English for Business Students ( 2) | EA | C | 7.5 | 15 | |
| Drawing on themes and materials used within KMS modules these sessions will provide opportunities for you to increase your ability to read more challenging texts more efficiently and write in a more sophisticated manner. Classes will focus on further development of techniques to enable you to identify key points and arguments within lengthy texts and to utilise your understanding of language and structures to communicate these ideas as well as your own views. | ||||||
| Semester 2 | C/O | TYP | ECTS | CATS | ||
| ENL-90005 | Advanced Business English Communication | EA | C | 7.5 | 15 | |
| In this highly competitive climate you need something to set you apart from others. This module will provide you with the specialist language and professional communication skills you will require if you wish to pursue a career in business. This highly practical module will build upon and complement your existing language skills by working on themes such as, negotiating strategies and presenting visual information. Using case studies you will practise identifying and clarifying information, constructing counter-arguments, and providing evidence verbally and in writing. Revision of essential grammatical structures and functional areas of language as well as building a subject-specific bank of key words will provide you with the confidence to engage fluently and competently in numerous business contexts. On completion of this module you may wish to to attain an additional English language qualification. If so, you have the option of attending our (BEC Higher) Preparation Course which will prepare you to take the highly sought after, and internationally recognised Cambridge BEC ( Higher ) Certificate in Business English Communication Examination . This is offered after the Keele examination period in April when you have completed your principal courses. | ||||||