This short summer programme is designed to give students exposure to the key issues in modern finance. It begins by introducing the language of finance, describing the structure of financial markets and detailing the roles played by financial intermediaries. The introductory finance course proceeds to analyse how companies make their financing choices (for example, how they decide which investment projects to undertake) before going on to discuss how financial securities (e.g. bonds and stocks) may be valued.
The course is intensive yet rewarding and the ideal introduction to finance for people from a wide range of professional experience or academic backgrounds.
The course will cover fundamental financial terminology as well as providing you with the skills to outline and discuss the basic concepts of financial security, financial markets and financial valuations.
- The fundamental terminology of finance
- The essential structure of the financial system and the role of financial inter-mediation
- The characteristics of different financial securities
- The role and functioning of various financial markets
On successful completion of this module, you will be expected to be able to:
Knowledge & Understanding
- Demonstrate the key considerations affecting the decisions of financial market participants.
- Explain the structure and the institutions making up the financial markets.
- Be equipped for further study of finance-related courses at postgraduate level.
- Outline the role and functioning of financial intermediaries.
- Discuss the role of financial market in processing and incorporating information into the prices of securities
- Master the concept of the time value of money for making informed and carefully evaluated financial decisions
- Outline basic concepts of valuation of securities and firms.
Values & Attitudes
- Discuss the wider social context of financial markets
- Demonstrate the importance of regulatory regimes on financial market participants
Module Leaders: Dr Aneel Keswani and Dr Sonia Falconieri
Prior to completing his PhD at London Business School, Aneel worked as an economist for a commodities research company. Aneel taught at both LSE and Lancaster University before coming to Cass, and has also consulted for various investment banks. His main research area is fund management and he is a Director of the Centre for Asset Management Research at Cass.
Sonia Falconieri joined the faculty of Finance at Cass in September 2009. Her research interests are in Corporate Finance; specifically she has been working on Initial Public Offerings, Takeovers and the financing side of Public Private Partnerships among others. Her articles have been published in some major journals such as the JEEA, the Review of Finance and Financial Management.
The course is open to current undergraduates and recent graduates of any discipline. Students on this course are not expected to have previously studied finance at University level. It is recommended that students wishing to enrol on this course have mathematical skills to the equivalent of a UK A-level in Mathematics.
Students who have not studied a degree programme taught in English before are required to have an overall IELTS score of at least 6.5 (with a minimum of 6.5 in writing).