Module Database Search
MODULE DESCRIPTOR | |||
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Module Title | |||
Alternative Investments | |||
Reference | BSM704 | Version | 7 |
Created | December 2023 | SCQF Level | SCQF 11 |
Approved | July 2019 | SCQF Points | 15 |
Amended | March 2024 | ECTS Points | 7.5 |
Aims of Module | |||
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To develop understanding of the nature and characteristics of derivatives and alternative investments and critically evaluate their applications. |
Learning Outcomes for Module | |
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On completion of this module, students are expected to be able to: | |
1 | Analyse the nature and characteristics of the global derivatives market. |
2 | Critically appraise the use of forwards, futures, options and swaps for hedging, speculation and arbitraging. |
3 | Appraise the values of forwards, futures, options and swaps. |
4 | Critically evaluate investments in commodities, real estate, hedge funds and private equity. |
5 | Critically evaluate the role of derivatives and alternative investments in portfolio diversification. |
Indicative Module Content |
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An overview of alternative investments; structure and characteristics of the global forwards, futures, options and swaps markets; nature and characteristics of forwards, futures, options and swaps; valuation of forwards, futures, options and swaps; applications of forwards, futures, options and swaps to speculate, hedge and arbitrage; mitigating climate-change risk with derivatives; commodities; real estate; hedge funds; private equity; portfolio diversification with alternative investments. |
Module Delivery |
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On Campus Mode: The module is delivered by on campus lectures, interactive work and case study tutorials and directed self-study. Online Mode: The module is delivered in online mode by directed self-study materials for asynchronous learning, supported by synchronous online tutorials. |
Indicative Student Workload | Full Time | Part Time |
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Contact Hours | 44 | 44 |
Non-Contact Hours | 106 | 106 |
Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
TOTAL | 150 | 150 |
Actual Placement hours for professional, statutory or regulatory body |   |   |
ASSESSMENT PLAN | |||||
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If a major/minor model is used and box is ticked, % weightings below are indicative only. | |||||
Component 1 | |||||
Type: | Examination | Weighting: | 30% | Outcomes Assessed: | 1, 2, 3 |
Description: | Closed book class test. | ||||
Component 2 | |||||
Type: | Examination | Weighting: | 70% | Outcomes Assessed: | 2, 3, 4, 5 |
Description: | Closed book exam. |
MODULE PERFORMANCE DESCRIPTOR | ||||||||
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Explanatory Text | ||||||||
The calculation of the overall grade for this module is based on 70% weighting of C2 - Examination (vertical axis) and 30% weighting of C1 - Class test (horizontal axis). An overall minimum grade D is required to pass the module. | ||||||||
Examination: | ||||||||
Examination: | A | B | C | D | E | F | NS | |
A | A | A | B | B | B | E | ||
B | B | B | B | C | C | E | ||
C | B | C | C | C | D | E | ||
D | C | C | D | D | D | E | ||
E | D | D | D | E | E | E | ||
F | E | E | E | E | F | F | ||
NS | Non-submission of work by published deadline or non-attendance for examination |
Module Requirements | |
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Prerequisites for Module | None. |
Corequisites for module | None. |
Precluded Modules | None. |
INDICATIVE BIBLIOGRAPHY | |
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1 | BAKER, H.K. and FILBECK, G., 2013. Alternative investments – instruments, performance, benchmarks and strategies. New Jersey: John Wiley & Sons, Inc. |
2 | CHAMBERS, D.R., BLACK, K.H. and LACEY,N.J. 2018. Alternative investments: a primer for investment professionals. Charlottesville(VA): CFA Institute Research Foundation. |
3 | GOTTESMAN, A., 2016. Derivatives essentials: an introduction to forwards, futures, options and swaps . New Jersey: John Wiley & Sons, Inc. |
4 | HULL, J.C., 2021. Options, futures and other derivatives. 11th ed. London: Pearson. |
5 | SOKOLOWSKA, E., 2016. The principles of alternative investments management: a study of the global market. Berlin: Springer. |