ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title Quantitative Methods and Economics
Code BLIM502
Coordinator Mr A Ozunlu
Finance and Accounting
A.Ozunlu@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours     12

    37

49
Timetable (if known)              
Private Study 101
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): 1  24 hours    100       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             

Aims

To provide an understanding of the use of statistics, data collection and analysis, probability theory, distributions theory, and the time value of money in the context of financial analysis and financial decision-making;

To provide an understanding of the concepts and principles of microeconomics and macroeconomics, including: elements of international economics; the economic factors affecting of financial markets; monetary and fiscal policy; government regulation; economic growth and development.


Learning Outcomes

(LO1) A systematic understanding of quantitative techniques, and a critical awareness of relevant issues in the area of current professional practice related to quantitative methods in finance;

(LO2) The application of quantitative methods, together with a practical understanding of established, applied techniques of quantitative analysis as used to interpret knowledge and practice in uncertain environments;

(LO3) A conceptual understanding to evaluate methodologies and develop critiques and, where appropriate, propose new practices in complex scenarios;

(LO4) An understanding of the principles of microeconomics and macroeconomics and of their application in investment management;

(LO5) An ability to identify, evaluate and critically appraise the economic factors, tools and environmental influences affecting financial markets.

(S1) Adaptability

(S2) Problem solving

(S3) Numeracy

(S4) Commercial awareness

(S5) Organisational skills

(S6) Written communication skills

(S7) International awareness

(S8) Lifelong learning

(S9) Ethical awareness


Teaching and Learning Strategies

Hybrid delivery, with social distancing on campus.

Online asynchronous learning materials x 37 hours
To be delivered asynchronously using a combination of pre-recorded videos, assigned readings and interactive exercises, using the university’s learning management system (Canvas).

Face-to-face tutorials x 12 hours
These will be face-to-face, interactive and participative sessions which cover the wide range of material relevant to this module. Students will be required to attempt questions within the tutorials and feedback on those questions will be given.

Self-directed learning hours x 101 hours

Canvas will be used to support the delivery of this module in the following ways:

Videos and other interactive learning resources, replacing face-to-face lectures in the hybrid delivery mode will be made available on Canvas;

Any announcements relating to the course will be made via Canvas;

Any additional material or readings will be mad e available via Canvas;

Discussion forums will be made available on Canvas;

Practice questions and answers will be made available on Canvas.


Syllabus

 

Quantitative methods:

Time value of money;

Probability;

Probability distributions and descriptive statistics;

Sampling and estimation;

Hypothesis testing;

Correlation analysis and regression;

Time-series analysis;

Simulation analysis;

Technical analysis.

Economics:

Market forces of supply and demand;

The firm and industry organisation;

Measuring national income and growth;

Business cycles;

The monetary system;

Inflation;

International trade and capital flows;

Currency exchange rates;

Monetary and fiscal policy;

Economic growth and development;

Effects of government regulation;

Impact of economic factors on investment markets.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.