Fixed Income Securities Analysis

Module overview

This module aims to provide you with a thorough knowledge of the fixed income securities and techniques available for fixed income securities analysis, together with an understanding of investment data and performance measurement. Emphasis will be placed on the use of this knowledge in the current financial market environment.

Aims and Objectives

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

the main theories and techniques underlying the valuation of fixed income securities;
the main theories and techniques relevant to the operation of fixed income securities markets;
the functions of fixed income securities markets.

Transferable and Generic Skills

Having successfully completed this module you will be able to:

develop clear logical thinking, compose and communicate ideas effectively, both orally and in writing, and apply teamwork skills in a group work to produce work to deadlines, through the semester examinations, group discussions and assignments.

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

analyse financial market data and evaluate recent developed method on fixed income securities evaluation;
identify and apply the main tools of portfolio performance measurement.

Learning and Teaching

Teaching and learning methods

The course will consist of 12 lectures (two 2-hour lectures each week). Teaching and learning methods consist of a combination of lectures a combination of lectures, tutorials, and class discussion. Discussion threads will be set up for each of the syllabus topics, to which you should post any questions that you have concerning the material. The module content will be delivered through a series of lectures. Lecture materials (such as handouts, case studies and tutorial questions) and additional reading lists are posted on Blackboard to allow an additional point of access.

Study time
Type	Hours
Teaching	24
Independent Study	126
Total study time	150

Resources & Reading list

Textbooks

Madura, J (2012). Financial Institutions and Markets. South-Western Cengage Learning.

Bodie, Kane and Marcus (2010). Investments and Portfolio Management. McGraw-Hill.

Fabozzi, F.J. and Markowitz (2011). The Theory and Practice of Investment Management. Wiley.

Stone, C.A. and Zissu, A (2012). The Securitization Markets Handbook: Structures and Dynamics of Mortgage- and Asset-backed Securities. Wiley.

Fabozzi F.J. Bond Markets, Analysis and Strategies. Prentice.

Pilbeam, K. (2010). Finance and Financial Markets. Palgrave Macmillan.

Assessment

Summative

This is how we’ll formally assess what you have learned in this module.

Breakdown
Method	Percentage contribution
Closed book Examination	80%
Group essay	20%

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Breakdown
Method	Percentage contribution
Closed book Examination	100%

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Breakdown
Method	Percentage contribution
Closed book Examination	100%

Repeat Information

Repeat type: Internal & External