Module Database Search


Module Title
Alternative Investments

Keywords
Options; Futures; Swaps; Forwards; Derivatives Pricing & Applications; Alternative Investments

ReferenceBSM704
SCQF LevelSCQF 11
SCQF Points15
ECTS Points7.5
CreatedJanuary 2013
ApprovedJune 2013
AmendedFebruary 2015
Version No.2


This Version is No Longer Current
The latest version of this module is available here
Prerequisites for Module

None in addition to SCQF11 entry requirement or equivalent.

Corequisite Modules

None.

Precluded Modules

None.

Aims of Module

This module aims to equip students with the knowledge and skills to critically evaluate various alternative investment products.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1. Explain the characteristics of forwards, futures, options and swaps;
2. Analyse the structure of global derivatives markets;
3. Assess the value of derivative instruments by applying various pricing models;
4. Apply derivatives to hedge, speculate and arbitrage and critically evaluate the risk and benefits of such application;
5. Critically evaluate investments in commodities, real estate, investment companies, hedge funds and private equity.

Indicative Module Content

An Overview of Alternative Investment Products;
The Structure of Global Forwards, Futures, Options and Swaps Markets;
Types of Forwards, Futures, Options and Swaps;
Price Forwards, Futures, Options and Swaps;
Apply Derivatives to Speculate, Hedge and Arbitrage;
Evaluate Investments in Commodities, Real Estate, Investment Companies, Hedge Funds and Private Equity.

Indicative Student Workload

Contact Hours

Full TimePart Time
Assessments
44
Lectures
2424
Tutorials
1212

Directed Study

  

5454

Private Study

  

5656

Mode of Delivery

This module will be delivered through lectures & tutorials.

Assessment Plan

Learning Outcomes Assessed
Component 1 1,2,3,4
Component 2 1,3,4,5

Component1: Mid-Semester Test

Component2: Final Exam

Indicative Bibliography

1.Hull, J.C., 2011. <I>Options, futures and other derivatives</I> 8th ed. Harlow:PEARSON.
2.Anson, M., 2006. <I>Handbook of alternative assets.</I> 2nd ed. Chichester: John Wiley and Sons.
3.Anson, M., Fabozzi, F. and Jones, F., 2010. <I>The handbook of traditional and alternative investment vehicles: investment characteristics and strategies.</I> 1st ed. Chichester: John Wiley and Sons.
4.Swedroe, L. and Kizer, J., 2008. <I>The only guide to alternative investments you'll ever need: the good, the flawed, the bad and the ugly.</I> New York: Bloomberg Press.
5.Cuthbertson, K. and Nitzsche, D., 2001. <I>Financial engineering: derivatives and risk management.</I> Chichester: John Wiley & Sons.
6.Jarrow, R.A. and Chatterjea, A., 2013. <I>An introduction to derivatives securities, financial markets, and risk management.</I> 1st ed. New York: W.W. Norton and Company
7.Baker, H.K. and Filbeck, G. (ed.), 2013. <I>Alternative investments – instruments, performance, benchmarks and strategies.</I> New Jersey: John Wiley & Sons.
8.Jobman, D., 2002. <I>The handbook of alternative investments.</I> New York: John Wiley & Sons.


 

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