MODULE SPECIFICATION Module title Investment Strategies and Portfolio Management FM604 6

Module code Level Module leader University of Wales credit rating ECTS credit rating Module type Owning institution Field Valid from Contributes towards Pre-requisites Co-requisites

15 7.5 Standard London College of Business Financial Pathway 01 January 2008 BA (Hons) Business Administration None None

LEARNING OUTCOMES Knowledge and understanding Understand different investment theories; Understand the relationship between risk and return; Understand the capital asset pricing model; Understand investment instruments.

Subject specific skills (including practical/professional skills) Evaluate and analyse different investment theories; Critically discuss the relationship between risk and return; Critically evaluate the capital asset pricing model; Calculate the value of stocks and bonds; Explain the nature of new investment instruments such as options. Evaluate risk and return; Critically assess the capital asset pricing theory; Describe and evaluate the arbitrage pricing theory; Describe and analyse the nature and use of derivatives; Construct a portfolio.

Cognitive skills Apply appropriate knowledge, analytical techniques and concepts to problems and issues arising from both familiar (routine) and unfamiliar (novel) situations; Locate, extract and analyse data and information from a variety of different sources; Synthesise and evaluate data and information from multiple sources.

Key transferable skills Present written information in a report format with clarity and logical coherence Present, discuss and defend ideas, concepts and views effectively through formal and informal written language Use appropriate IT packages to aid efficient searching, communication and presentation of information Work co-operatively in a group, share decision making and negotiate with others Act independently in planning and undertaking tasks, reflect on own learning and seek and make use of feedback

INDICATIVE CONTENT

Investment climate and environment; The U K system of taxes and its impact upon investment strategies; Investors needs; The Stock Exchange and its role; Optimal portfolio selection; Market efficiency; Asset allocation; Performance evaluation of mutual funds and hedge funds; The Capital Asset Pricing Model.

TEACHING AND LEARNING METHODS Class contact consists mainly of formal lectures providing an overview of topic areas and introducing formal principles, concepts and theories. Workshops and seminars will also be provided throughout the course duration where they will enable students to relate the concepts acquired during lectures of real life situations, and where students can obtain feedback on technical aspect of their work and to discuss and explore the current topic. Seminars will typically include discussions, problems solving and case studies; students will be expected to contribute to the discussion both as individuals and as part of a group. Other sources, such as computer assisted learning packages and electronic databases, will be provided. INDICATIVE SOURCES Core text Goldstein-Jackson, The Astute Private Investor, Right way, 1998 Supplementary reading Rowes P, Taxation, Continuum, 2002 Slater J, Investment Made Easy, Texere,2003 Bodie, Kane and Marcurs, Investments, Irwin, 2004

ASSESSMENT Weighting between components A and B A: 60% B: 40%

ATTEMPT 1 First Assessment Opportunity Component A Description of each element 1. 2-hour unseen examination Component B Description of each element 1. Individual assignment.

Element weighting 100% Element weighting 100%

Second Assessment Opportunity (further attendance at taught classes is not required) Component A Description of each element 1. 2-hour unseen examination Component B Description of each element 1. Individual assignment.

Element weighting 100% Element weighting 100%

SECOND (OR SUBSEQUENT) ATTEMPT Attendance at taught classes is required.

Module specification confirmed by Date (Programme Director)