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

Programme/Approved Electives for 2024/25

Available as a Free Standing Elective

Co-requisites

None

Prerequisites

None

Barred Combinations

N/A

Description for 2024/25

This module tracks the Chartered Financial Analyst (CFA) syllabus on fixed income securities. It provides in-depth insight into the valuation and management of the fixed income market. It prepares students to sit for the CFA professional exam. It also explores the latest methodologies to assess and measure credit risk. Finally it provides students an in-depth of understanding of the potential losses that can accrue due to the failures in the fixed income market.

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