Gain a formal introduction to asset pricing theories and empirical findings. You review the fundamental theories of the expected utility, asset pricing kernels, and risk-neutral valuation, covering the Capital Asset Pricing Model (CAPM), and linear factor models arising from the Arbitrage Pricing Theory (APT). You also discuss empirical asset pricing studies.

Behavioural finance rejects crucial tenets of mainstream finance such as the Efficient Market Hypothesis (EMH) on the basis that agents are less than fully rational, and that arbitrage fails to eliminate mispricing. Instead it identifies market anomalies or regularities such as holiday effects that are at odds with the EMH. You learn to use ideas from cognitive psychology, such as overconfidence, and aspects of imperfect arbitrage to explain these.

Financial technology (FinTech) is rapidly changing the financial services industries. The module provides an introduction to FinTech by analysing its impact on major banking and financial activities. Specifically, the module illustrates the effect of FinTech on lending activities (P2P lending, crowdfunding) and credit evaluation tools (big data, machine learning and artificial intelligence tools), investment activities (trading and robo-advising), payments (crypto currencies and new payment tools), insurance (InsureTech). In final, the module analyses the topic of ethics and regulation of FinTech.

Explore issues ranging from environmental disasters to corporate greed and from executive pay to ethical bottled water. You discover the relationship between management and corporations on the one hand, and society and nature on the other, engaging in debates around ecological sustainability, governance and corporate ethics and responsibility.

Managers increasingly find themselves working across borders calling for a thorough understanding of issues that relate to cross cultural management. In this course you enhance your understanding of the way in which globalisation and international business activities affect management and management practices across cultures.

This module is designed to encourage students to think and reflect upon the nature of managing people and organisations. In particular, it encourages students to consider the main topics of Organisational Behaviour and Human Resource Management. Throughout the sessions, the core issues affecting organisational behaviour and outcomes will be discussed and critically analysed. Therefore, it invites participants to consider the tensions emerging from competing views and perspectives. In so doing, the module challenges many of the taken-for-granted assumptions about people management, and provides tools to analyse organisations and to explore the realities of organisational life.

Business is international in scope as managers take advantage of the comparative advantages countries around the world offer through complex and geographic dispersed value chains, not only to sell products but also to access intermediate goods, capital, knowledge and skills. This module, built around a live, practical project addresses several questions. 'How can a domestic firm internationalise its operations?' 'How are its resources and capabilities challenged and transformed by internationalisation?' 'What factors determine the success of an international business operation?' While many practical examples are provided, focus is given to developing an analytical approach to addressing these questions, drawing on two perspectives. These are the Resource-based view, which focuses on the resources and capabilities of the firm, and the Institution-based view which requires studying the differences in the business environment around the globe, to which successful companies need to adapt. The module considers political, economic and cultural difference and the strategies companies adopt when conducting business across national boundaries. Through the group project, students analyse the internationalisation of a real life organisation, identifying the purpose of internationalisation, selecting the most appropriate target market and considering the various means available to the firm to internationalise its operations. Topical issues in international business are also discussed towards the end of the module, such as the impact of Brexit on the trading relationship of the UK, the re-emergence of emerging market MNEs, 'born global' firms and the fourth industrial revolution.

Explore the basics of the structure and environment of banking, and selected aspects of the applied economics of the modern banking firm. You study structure-conduct-performance, competition, bank efficiency, regulation, international banking and bank failures and crises.

Taught exclusively by leading industry experts, this module offers you a unique opportunity to appreciate the latest developments and issues faced by leading practitioners in the areas of quantitative finance and risk management.

Investment banks are major engines of most economies today. This module will describe the operations of primary global financial and advisory markets and the key players in the investment and corporate banking fields. The module will also provide an overview of the corporate and investment banking industry, with a focus on the main activities of full-service investment banks, including M&A advisories and the raising and underwriting of financing deals.