UNIVERSITY OF KENT MODULE SPECIFICATION TEMPLATE SECTION 1: MODULE SPECIFICATIONS 1. Title of the module Quantitative Methods (CB8022) 2. School or partner institution which will be responsible for management of the module Kent Business School 3. Start date of the module 2010, updated for 2011 4. The number of students expected to take the module 60 5. Modules to be withdrawn on the introduction of this proposed module and consultation with other relevant Schools and Faculties regarding the withdrawal None 6. The level of the module (e.g. Certificate [C], Intermediate [I], Honours [H] or Postgraduate [M]) Level M 7. The number of credits and the ECTS value which the module represents 15 credits (7.5 ECTs) 8. Which term(s) the module is to be taught in (or other teaching pattern) Autumn 9. Prerequisite and co-requisite modules None 10. The programmes of study to which the module contributes MSc Financial Markets, MSc International Accounting and Finance, MSc Financial Services in Banking 11. The intended subject specific learning outcomes 11.1 Demonstrate knowledge and understanding of the use of quantitative techniques for application to problems in a finance context. 11.2 Demonstrate an ability to undertake statistical investigation of financial data. 11.3 Identify and select appropriate statistical techniques to apply to issues within a finance context. 11.4 Ability to apply quantitative techniques for solving problems within a finance context. 11.5 Ability to analyse and interpret results derived from statistical models. 11.6 Demonstrate proficiency band competency in numeracy skills. 1 UNIVERSITY OF KENT 12. The intended generic learning outcomes 12.1 Ability to analyse compare, discuss, critically evaluate various statistical methods. 12.2 Ability to plan work, use relevant sources and study independently. 12.3 Ability to work in groups, listen, respond to different points of view and negotiate outcomes. Ability to receive and use criticism and advice. 12.4 Appropriate formats are selected for presentation of work, which includes the acknowledgement and reference of sources. 12.5 Ability to analyse structured and unstructured problems. 13. A synopsis of the curriculum The module content may include: Statistical concepts Probability distributions Statistical inference, estimation and hypothesis testing Correlation, spurious correlation and general dependence measures Linear regression Multiple linear regression Logistic regression Monte Carlo simulation Modelling in Excel 14. Indicative Reading List Gujarati, D.N. (2009) Basic Econometrics, 5th Edition, McGraw-Hill, New York and London Brooks, C. (2008) Introductory Econometrics for Finance, 2nd edition, Cambridge University Press Supplementary Reading: D.R. Anderson, D.J. Sweeney, T.A. Williams, J. Freeman and E. Shoesmith, 2010, Statistics for Business and Economics (2nd edition), Cengage W.H. Green, Econometric Analysis (7th edition), Pearson T. Watsham and K. Parramore, 2007, Quantitative Methods in Finance, Thomson Learning 15. Learning and Teaching Methods, including the nature and number of contact hours and the total study hours which will be expected of students, and how these relate to achievement of the intended module learning outcomes: Hours Subject LOs Generic LOs Lectures 24 11.1 – 11.6 12.1 – 12.3, 12.5 Seminars 12 11.1 – 11.6 12.1 – 12.5 Independent study 114 11.1 – 11.6 12.1 – 12.5 Total hours 2 UNIVERSITY OF KENT 16. Assessment methods and how these relate to testing achievement of the intended module learning outcomes Weighting Subject LOs Generic LOs Examination – 2 hour closed book 70% 11.1 – 11.6 12.1, 12.2, 12.4, 12.5 Empirical Report 30% 11.1 – 11.6 12.1 – 12.5 17. Implications for learning resources, including staff, library, IT and space None 18. The School recognises and has embedded the expectations of current disability equality legislation, and supports students with a declared disability or special educational need in its teaching. Within this module we will make reasonable adjustments wherever necessary, including additional or substitute materials, teaching modes or assessment methods for students who have declared and discussed their learning support needs. Arrangements for students with declared disabilities will be made on an individual basis, in consultation with the University’s disability/dyslexia support service, and specialist support will be provided where needed. 19. Campus(es) where module will be delivered: Canterbury SECTION 2: MODULE IS PART OF A PROGRAMME OF STUDY IN A UNIVERSITY SCHOOL Statement by the School Director of Graduate Studies: "I confirm I have been consulted on the above module proposal and have given advice on the correct procedures and required content of module proposals" ................................................................ .............................................. Director of Graduate Studies Date ………………………………………………… Print Name Statement by the Head of School: "I confirm that the School has approved the introduction of the module and, where the module is proposed by School staff, will be responsible for its resourcing" ................................................................. .............................................. Head of School Date ……………………………………………………. Print Name Module Specification Template Last updated January 2013 3