Course summary

The ever-changing nature of financial markets, financial institutions and business firms, has made it increasingly important for finance experts including financial managers in multinational companies, investment analysts in securities firms, lending officers in banks and other financial institutions and traders in capital markets and dealing rooms - to have a clear understanding of the theory and practice relating to financial market operations and corporate financial strategy. Familiarity with the most recent developments in risk appraisal, portfolio analysis, the engineering of synthetic products, modelling techniques, financial analysis and valuation are essential requirements for all those involved directly in financial activities or who wish to gain a deeper understanding of this important area of business management. The MSc and MA Finance programmes at Bangor offer you a unique opportunity to develop an appreciation of the causes and significance of current developments in the financial and corporate sectors, and to study advanced theory and practice relating to financial markets and the financial management of business firms. Issues you will tackle as part of your MSc or MA Finance degree programme include:

• What are the relationships between risk and return governing investment in company shares and other derivative instruments?

• Can market risk be priced accurately?

• Can credit risk be priced accurately?

• Which factors are most likely to influence the evaluation and implementation of international investment projects?

• How can we calculate a suitable cost of capital to appraise the capital investment decision?

• How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?

• How can we assess the investment performance of pension funds, insurance companies and unit trusts?

• How are futures, options, derivatives and swaps used to manage balance sheet and off-balance sheet risks?

• What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?

• How can spreadsheets be used to develop financial models, and what techniques are required to obtain computational solutions to finance problems?

• What are the main features of financial engineering, and how can one asset be transformed into another?

• What are the design features of synthetic assets, and how do they help us to develop strategies for hedging risks?

• How can financial forecasts be used in business valuation, and what techniques should be used to improve trend analysis and interfirm comparison?