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Principles of Asset Pricing - MAN00100M

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  • Department: The York Management School
  • Module co-ordinator: Information currently unavailable
  • Credit value: 15 credits
  • Credit level: M
  • Academic year of delivery: 2021-22

Module will run

Occurrence Teaching period
A Online Teaching Window 4 2021-22

Module aims

This module aims to provide students with the basics of the neoclassical theory of asset pricing. At the heart of this approach lies the no-arbitrage principle. Topics to be discussed are:

  • The basics of modelling risk and return
  • The capital asset pricing model
  • Arbitrage pricing theory
  • Efficient markets: theory and evidence
  • The term structure of interest rates and bond yields
  • Option markets and valuation
  • Behavioural finance

Module learning outcomes

Academic and graduate skills

Successful completion of the module will demonstrate that students are able to:

  • Describe and apply the CAPM to value assets;
  • Describe and apply the principles of bond valuation;
  • Describe and apply the contingent claim approach to option pricing;
  • Explain the effect of some cognitive biases on investor behaviour.

Assessment

Task Length % of module mark
Open Exam (2 days)
Principles of Asset Pricing I		 N/A 40
Open Exam (2 days)
Principles of Asset Pricing II		 N/A 60

Special assessment rules

None

Reassessment

Task Length % of module mark
Open Exam (2 days)
Reassessment Exam		 N/A 100

Module feedback

Students will receive regular feedback on formative weekly activities and on the formative assessment. They will also receive a feedback sheet with detailed comments on the summative assessment explaining how they performed in relation to the assessment criteria. Turnaround time for summative assessment is 4 weeks. At the end of term, the module leader will develop a report about the module and the students’ performance which, once approved by the Board of Exams, will be uploaded onto VLE and made accessible to students.

Indicative reading

Bodie, Z., Kane, A. and Marcus, A. (2011), Investments, McGraw-Hill/Irwin, latest edition


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.