Derivatives & Risk (Core, 20 Credits)
You will learn about the simplest forms of complex financial instruments, including the way that they work, the risks they are often designed to manage or speculate upon, and the ways that money flows ‘through’ the transactions and the means of calculating whether they have made either a profit or a loss.
Instruments covered include:
• Options and Swaps
You will also examine the way that the market for underlying commodities can impact the way that such derivatives operate as well as examining the way that such derivative instruments have been used to construct a derivative market for carbon. You will learn about these instruments in the context of the worldwide markets using real-time data taken from the NBS Trading Terminals.
Finance, Financial Markets and Institutions (Core, 20 Credits)
You will learn the key aspects of the regulations, ethics and law that define the ‘rules’ for finance, and the main financial instruments that are used, including: Money market instruments, Bonds, Equities, Foreign exchange and Insurance.
You will draw from a range of historical case studies to see how regulation within the financial system has transformed. You will be encouraged to discuss and critique the latest regulation changes using academic literature to back up your arguments.
You will learn about these instruments in the context of the worldwide markets in which they are traded as well as the principal institutions that use these instruments and that trade them worldwide.
To apply the knowledge acquired in this module, you will be using real-time financial information. Therefore throughout the module you will be required to keep up to date with the latest developments within the financial markets to enable you to contribute to this module.
Personal Finance and Wealth Planning (Core, 20 Credits)
You will learn about personal finance and wealth planning with a view to understanding how different financial products can be used to satisfy different client needs and circumstances.
You will learn about client appraisal; personal taxation (to include income tax, capital gains tax and inheritance tax); building an investment portfolio; mortgage finance; the handling of personal debt; insurance planning; retirement planning and estate planning in the financial planning process.
FINANCIAL MATHEMATICS AND STATISTICS (CORE, 20 CREDITS)
The module aims to provide you with the knowledge and skills of applying a variety of advanced mathematical and statistical methods to help you with financial data analysis and interpretation.
You will examine the mathematical and statistical methods that feed into complex financial models, tools and techniques. All mathematical and statistical techniques which you will study as part of this module will be considered in the context of finance. Within this module, you will cover such topics as limits (continuous compounding, mathematical constant annuity and perpetuity), geometric & physical interpretation, least squares problem, serial correlation, market randomness & mean reversion, conditional probability and stochastic volatility (the Poisson process).
The module will lead you to the development of advanced analytical skills and confidence in handling numerical data using both mathematical derivations and statistical reasoning. In doing so, it will expose you to a wide range of mathematical techniques for use in analysis and interpretation of financial data. On completing the module you will be able to select and apply the appropriate mathematical and statistical techniques to support decisionmaking in a variety of situations. You will have developed relevant numerical skills to support the theoretical material introduced throughout the module. You will create, use and design appropriate spreadsheet models which directly relate to the concepts studied. For this real-time data from the NBS trading room can be used.
EMPLOYABILITY & CAREER PLANNING (CORE, 20 CREDITS)
This module gives you the skills and knowledge you need to successfully obtain an undergraduate placement and/or a graduate level role when you leave university.
It is specifically concerned with your employability and therefore includes opportunities each week to practice and develop skills in a safe and supportive environment.
You will study a number of important topics such as career planning,
writing CVs, cover letters and application forms, psychometric testing, competency-based interviews, assessment centres and current
trends in recruitment and selection practice, including use of social media. When you complete this module, you will have the skills, ability, and confidence to make an impactful application to any employer.
The module also supports you if you have a compulsory year abroad as part of your programme.
BUSINESS PROFESSIONAL PRACTICE (CORE, 20 CREDITS)
This module aims to prepare you for your future studies at Level 6 and work-based learning. It focuses on developing your skills and abilities to critically assess, analyse and manage business-based problems and
projects, with emphasis on a range of business models.
The module will focus on specific discipline areas to support demonstration of back-testing, QFBA NORTHUMBRIA BROCHURE 2018 39
understanding and application of relevant theory from your professional/academic area as appropriate.
There also will be some opportunities to consider broader contemporary challenges for organisations in responding to changing practices of responsible and sustainable management.
On completion of the module you will have enhanced your problem-solving skills and will be able to manage complex projects. By focusing on advanced group and team working skills, research and
complex problem-solving skills, project management, communication skills and self-directed learning, you will also develop employability and leadership attributes, including set direction, engage, drive, collaborate, learn, innovate and act with integrity.