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FIN-40039 - Module Specification
Keele Business School
Faculty of Humanities and Social Sciences

For academic year: 2023/24 Last Updated: 13 February 2024

FIN-40039 - Fixed Income Securities and Credit Risk
Coordinator: Xiafei Li
Lecture Time: See Timetable...
Level: Level 7
Credits: 15
Study Hours: 150
School Office: 01782 733094

Programme/Approved Electives for 2023/24

None

Available as a Free Standing Elective

No

Co-requisites

None

Prerequisites

None

Barred Combinations

N/A

Description for 2023/24


Aims
This module introduces students to the fixed income market. It provides students with the ability to value and understand fixed income instruments. Moreover, this module also introduces students to managing credit risk associated with fixed income instruments.

Intended Learning Outcomes

critically assess the nature of fixed income markets and the important role they play in the global financial markets: 1
synthesise market data to develop the term structure of interest rates and apply it to explain market dynamics
: 1
critically evaluate techniques to value fixed income securities and risk management of such securities
: 1
critically assess the methods developed to judge the performance of fixed income portfolio managers: 1
critically judge the factors that lead to credit risk and the need for alternative definition of credit risk: 1
synthesise information from the credit default swap (CDS) markets and gain theoretical insights of structural models to measure credit risk: 1

Study hours

20 hours lectures
4 hours tutorials
126 hours independent study

School Rules

None

Description of Module Assessment

1: Open Book Examination weighted 100%
28 hours online open book assessment
A 28 hours online open book final exam. This final exam includes six questions. Students are required to answer any four out of the six questions. All questions are equally weighted. The questions may involve descriptive /numerical or both. The time available to complete this assessment is 28 hours but you would normally not be expected to invest more than 3 hours of active-working time on this assessment.

Please note that for the 2022/23 Academic Year programmes may be adapted to operate in accordance with a flexible, digital approach. This means that there may be some changes made to how modules are delivered and assessed. The latest information will be provided to you by your School in module handbooks. We endeavour to give you as much notice as possible of any changes and details about the circumstance in which changes are made to programmes can be found in the Student Agreement, available at: https://www.keele.ac.uk/student-terms-and-conditions/

Last Updated: 13 February 2024