ECON49415: Global Financial Markets and Institutions (Fudan DBA)

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• To provide a rigorous grounding in the theory of modern finance at an advanced level and a thorough synthesis of the most important current research in finance, with an emphasis on the applications of the principles.
• To help students develop an advanced understanding of how financial theories, in particular those related to capital markets and financial assets are tested usiing data from financial markets.
• To provide students with an advanced understanding of the relevance and importance of alternative epistemological positions in the social sciences and the nature of both qualitative and quantitative approaches to research.
• To provide students with opportunities to be familiar with the frontier empirical and theoretical research in Finance.

• Capital Markets, Consumption and Investment;
• Theory of Choice under Uncertainty;
• Asset Pricing Models: CAPM and multiple factor models;
• Market Anomalies and Behavioural Finance.

Subject-specific Knowledge:

• advanced knowledge and critical understanding of essential components of modern finance theory and associated current research;
• a critical understanding and awareness of the nature and scope of advanced research in finance;
• explored, understood and appreciated the complexity and contradictions of the current academic literature and its implications for professional practice, and be able to identify open questions for their own research;
• demonstrated ability to learn and work independently in finance, exercising critical judgement and discrimination in the resolution of complex problematic situations;
• a critical understanding of methodological issues in research: issues in designing and undertaking quantitative and qualitative research.

Subject-specific Skills:

• Ability to use highly specialised and advanced technical, professional and academic skills in the analysis of relevant specific problems in finance;
• Ability to organise, structure and manage a finance research project effectively and conduct empirical/theoretical analysis at an advanced level;
• Ability to make a critical evaluation of published journal articles in finance and assess their relevance to a chosen research project;
• Ability to operate independently on a research topic in finance and exercise appropriate judgement in the selection of material

Key Skills:

• Ability to make an initial formulation and articulation of a potential scheme of research;
• Ability to understand and resolve the problems and issues in undertaking doctoral research;
• Effective written communication;
• Advanced skills of self-awareness and time management

• The module will be delivered in a workshop format over an intensive three-day teaching block. Workshops will comprise a balanced mix of lecture- and seminar-type delivery combined with small group discussions and other activities as appropriate to the nature of the material. Also, guided reading will address key topics. This range of methods will ensure that students will acquire the advanced skills and knowledge to enable them to develop a thorough understanding of this specialist field of study.
• Learning will also occur through tutor-supported, as well as self-supported learning groups. In addition, guided reading will address key topics. This range of methods will ensure that students will acquire the advanced skills and knowledge to enable them to develop a thorough understanding of this specialist field of study.
• The assessment of the module will be by individual written assignment, designed to test students' knowledge and understanding of the subject-matter and their ability to apply it to the analysis of specific issues relating to the study of skills.

Work prepared by students for seminars; answers to questions either discussed during a seminar or posted on Learn Ultra; feedback on discussions with teaching staff during the module. Individual 1000-word outline of summative assignment with individual feedback provided.

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