Module Code: A8FM2
Long Title Financial Markets II
Title Financial Markets II
Module Level: LEVEL 8
EQF Level: 6
EHEA Level: First Cycle
Credits: 5
Module Coordinator: TONY DELANEY
Module Author: Madita Feldberger
Departments: School of Computing
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Critically analyse the nature of regulation in finance and its response to financial crises and technological development
LO2 Explore and critique the contribution of collective investment schemes and the application of various investment management approaches
LO3 Apply quantitative techniques to securities valuation and portfolio construction
LO4 Evaluate and critique the disruption of traditional financial services by FinTech and quantitative approaches to securities trading
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements  
 

Module Content & Assessment

Indicative Content
Introduction Regulation of Financial Markets
Regulators’ roles and objectives, Principle-based vs rule-based models, Micro-prudential vs. macro-prudential regulation, Systemic risk
Regulation of Financial Markets
European Banking Union, Basel Accords, Dodd-Frank Act, EU Directives, Regulatory challenge of FinTech, Regulatory challenge of virtual currencies
Financial Crisis
Bank runs, Liquidity vs. solvency, Impact of securitisation
Funds and Investment Management
Characteristics of collective investment schemes, Net Asset Value, Exchange traded funds, Physical vs synthetic replication, UCITS Directive, Unit trusts, Active vs. passive investment, Fund management styles, Investment performance measurement, Returns on asset classes
Risk and Return
Mean variance portfolio theory, Portfolio risk and return, The diversification effect, Measuring Beta
Securities Valuation
Discounted cash flow models, DCF and bond valuation, Dividend discount models, Relative valuation of equities
Derivatives
Forwards, Futures, Options, Contracts for Difference
Disruption in financial services
Disruption in consumer banking and payments, Disruption in wealth management, Disruption in insurance markets
Quantitative approaches to Financial Markets
Quantitative and high frequency trading, Big data and risk assessment
Assessment Breakdown%
Coursework60.00%
End of Module Assessment40.00%

Assessments

Full Time

Coursework
Assessment Type: Formative Assessment % of total: Non-Marked
Assessment Date: n/a Outcome addressed: 1,2,3,4
Non-Marked: Yes
Assessment Description:
Formative assessment will be undertaken utilising exercises and short answer questions during certain tutorials. In class discussions will be undertaken on contemporary topics. Feedback will be provided individually or by group in oral format.
Assessment Type: Continuous Assessment (0200) % of total: 40
Assessment Date: n/a Outcome addressed: 4
Non-Marked: No
Assessment Description:
Learners will be asked to research and evaluate a contemporary issue pertinent to disruption in financial services and/or the impact of technology. This will entail a review of relevant academic literature, conduct of appropriate market research and a synthesis and critique of applicable knowledge
End of Module Assessment
Assessment Type: Terminal Exam % of total: 60
Assessment Date: End-of-Semester Outcome addressed: 1,2,3,4
Non-Marked: No
Assessment Description:
The examination will be in the region of two hours in duration and may include a mix of: short answer questions, essay based questions and case study based questions. Marks will be awarded based on clarity, appropriate structure, relevant examples, depth of topic knowledge, and evidence of outside core text reading.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
 

Module Resources

Recommended Book Resources
  • Cecchetti, S. & Schoenholtz, K.. (2014), Money, Banking and Financial Markets Global Edition, Global Edition, 4th Edition. McGraw-Hill International.
  • Chishti, Susanne and Janos Barberis. (2016), The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries, Wiley.
  • Mankiw, N.G. and Taylor, M.. (2017), Economics, 4th Edition. Cengage Learning.
  • Narang, R.K. (2013), Inside the Black Box: A Simple Guide to Quantitative and High Frequency Trading, Wiley and Sons.
  • O’Loughlin, B. and O’Brien, F.. (2011), Fundamentals of Investment, 2e. Gill & Macmillan.
  • Valdez. S. and Molyneux. P.. (2015), An Introduction to Global Financial Markets, 8th Edition. Palgrave Macmillan.
Supplementary Book Resources
  • Burton. M. Nesiba. R. and, Brown B.. (2015), An introduction to financial markets and institutions, Routledge USA.
  • De Fusco R.A., McLeavey D.W.M. Pinto J.E., Podkaminer, E.L., Runkle, D.E. and Sabherwal. (2015), Quantitative Investment Analysis (CFA), Wiley.
  • Hillier, D.. (2013), Corporate Finance: European Edition, 3rd Edition. McGraw-Hill International.
This module does not have any article/paper resources
Other Resources
Discussion Note: