Please note this module descriptor is indicative of the structure of this course and may be subject to change.
This module provides advanced analyses of derivative instruments and their usefulness in financial markets to a range of market participants. It provides a critical examination of the seminal models and approaches used in the pricing, valuation and use of derivative instruments including interest rate, equity, and currency forwards, futures, options, swaps and embedded derivatives.
By the end of this module, students should be able to:
1. Demonstrate an understanding of the uses of financial engineering and risk management approaches and techniques used by modern organisations.
2. Apply their knowledge of derivatives in solving problems involving financial risks including foreign exchange risk, interest rate risk, credit risk and portfolio risks.
3. Make informed judgements on the use of derivative instruments.
4. Identify and assess the impact of seminal developments in the literature on derivatives.
Evaluate, synthesise and communicate the ethical implications of financial risk management policies and practices to an intended audience.
A course map contains a list of the individual study units, called modules, that you study to complete your course. Some modules are compulsory, but you can sometimes choose modules outside your core area of study which interest you.
A module is a self-contained, individual unit of study. The module descriptor provides various details about the module including who the module tutor is, what you will be studying, how you will be assessed and what you will have learned once you have completed the module.
Course maps and module descriptors from previous years can be found in the Course Resources Archive.
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