FM301 Half Unit
Market Anomalies and Asset Management
This information is for the 2022/23 session.
Teacher responsible
Dr Cameron Peng
Availability
This course is compulsory on the BSc in Finance. This course is not available as an outside option nor to General Course students.
Pre-requisites
Students must have completed FM213 Principles of Finance.
Course content
This course will examine the extent to which financial markets are informationally efficient. Topics include notions of market efficiency, return predictability in bond, stock, and derivatives markets, limits to arbitrage and other theories of return predictability. It will also cover both behavioural and frictional theories of return predictability and other asset-pricing phenomena.
Teaching
33 hours of seminars in the MT.
This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.
Formative coursework
Weekly homework assignments
Indicative reading
Detailed course programmes and reading lists are distributed at the start of the course. Illustrative texts include: Shleifer, Inefficient Markets: An Introduction to Behavioral Finance (Oxford University Press).
Assessment
Continuous assessment (100%) in the MT.
Key facts
Department: Finance
Total students 2021/22: 47
Average class size 2021/22: 46
Capped 2021/22: No
Value: Half Unit
Course selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.
Personal development skills
- Problem solving
- Application of information skills
- Application of numeracy skills
- Commercial awareness
