Bank & Financial Institutions Management

GBF451
Code GBF451
School EBSL
Banking is a special financial industry sector, whereby banks
traditionally manage deposit and loan instruments between lenders
and borrowers, and/or engage in financial activities like underwriting,
proprietary trading, M& A, whilst constantly facing the
constraints and opportunities that any firm faces. Unsurprisingly,
banks have been influenced by the globalisation trends affecting their
structure and by changes in the regulatory environment. Both of these
developments also affect their customers. Whether a bank chooses to
strategically remain focused in one country or expand internationally
will affect its profitability, its existing customers, and its product
Description
range, ultimately its own survival. The nature of banking has been
transformed by financial innovation, which at one level originates in
banks providing intelligent ways of either managing their risk
exposure and/or providing tailor-made financial instruments. The
growth of derivative markets and secondary markets in bank deposits
and loans has been of special importance. Against this background,
over the past couple of decades we have observed bank failure on a
large scale in over 90 countries (including the USA), which poses a
systemic risk due to the special role banks play in any financial
system as an intermediary.
Module Level 4
Module Code GBF451
Class GE|EL|MA|MI|
Availability DE|SA|
Available
N
Summer
Semester 1
Credits 15
ECTS Credits 6.5
Contact Hours 33
Self Study
117
Hours
Course Leader Dr Michael Gavridis
Lecturers Dr Pedro Gurrola
The main aims of this module are to:

Enhance students existing skills in understanding, analysing and

critically examining the purpose, principles and fundamental
concepts of todays financial markets, instruments and institutions,
with particular emphasis on banking and its changing nature as not
only an intermediary between lenders and borrowers but also as the
provider of other financial services. The examination of these
Course Aims institutions is situated within the context of globalisation and
international trade that corporate and governments operate in with
particular focus on the financial industry.
Expose students to the needs of the various bank clients: depositors
(lenders) and borrowers, which banks need to satisfy, whilst as a
price takers banks need to also protect their net worth and by
implication, shareholder value, as any other firm competing in the
market place characterised by intense competition
Enable students to work effectively together as a team in-group.
The content and teaching/learning strategy will help students to
develop the ability to understand, critically evaluate and employ a
variety of industry specific financial economic information on a
variety of issues about bank management ranging from e.g. risks
inherent in lending decisions to how financial institutions manage
their asset and liability exposures in view of these risks. In addition,
Course Content
students will develop their skill in using and communicating financial
information on the basis of their continuous interpretation of market
data, which are constantly changing, noisy and volatile. The students
ability to analyze, interpret and eventually enforce action on the basis
of their interpretation is a key skill in future professional
employment.
On completion of this module successful students should be able to:
Demonstrate skills in solving problems related to banking
management issues (PLOs: A2, A4, A5, B1; B3, B4)
Apply the acquired theory to case studies and real life examples
(PLOs: A2, A4, A5, C1)
Be able to perform effectively within a team environment,
recognize and utilize individuals contributions in group processes,
negotiate and persuade/influence others, delegate and manage.
Learning (PLOs: C1; C3: D4)
Outcomes Synthesize and summarise all information in order to identify the
major issues in the topic area so as to employ this knowledge
practically for themselves, as economic agents (PLOs: A2, A4, A5,
B1; B3, D1, D4).

The Module Learning Outcomes above are cross-referenced to EBS-

Ls Programme Learning Outcomes via the alphanumeric codes in
the brackets above. Please see your Student Handbook for
definitions.
Reading The main textbook for this course is by Rose & Hudgins (2005) or
Recommended later editions see below for full reference.

Heffernan S., (2005), Modern Banking, John Wiley & Sons

Howells P. & Bain K., (2005), The Economics of Money, Banking

& Finance: A European Text, 3rd edition, Prentice-Hall & Financial
Times

Rose P. S. & Hudgins S. C., (2005), Bank Management & Financial

Services, McGraw-Hill Irwin

Saunders A. & Cornett M. M., (2006), Financial Institutions

Management: A Risk Management Approach, McGraw-Hill
Asseseement The Module Assessment consists of Class Assignments (40%), Class
Methods Participation (10%), Final Examination (50%).

Financial Regulation & Governance

GBF452
Code GBF452
School EBSL
This module is designed to develop the MSc GBF students'
understanding of Financial Regulation, Corporate Governance
regimes across the globe and to highlight the diversity present.
Regulatory growth and reform has experienced an international
'policy boom' in recent years. Governments in the OECD and
elsewhere have increasingly used regulation in preference to other
policy instruments. Regulation has therefore become central to
contemporary management practice. As a field of study, it demands a
multi-disciplinary approach, because legal, political and economic
issues are intertwined and have to be synthesised to make sense of
the overall process. This module aims to develop the MSc GBF
Description
students' understanding of the Financial Regulation and Corporate
Governance themes. It will enable the successful student to critically
analyse a range of issues with respect to specific topics in banking
and the corporate sector. The module aims to develop the capacity for
the successful student to work in investment banking, management
consulting and in a compliance/ regulatory or oversight capacity. The
process provides a framework for the systematic study of Financial
Regulation and Corporate Governance combining a common
theoretical core drawn from law, political science and institutional
economics. Its distinctive focus is on institutional issues and
behaviour in regulation
Module Level 4
Module Code GBF452
Class GE|EL|MA|MI|
Availability DE|SA|
Available
N
Summer
Credits 15
ECTS Credits 6.5
Self Study
117
Hours
Course Leader Dr Michael Gavridis
Lecturers Dr Gianfranco A. Vento
The main aims of this module are to:

Provide students with a comprehensive knowledge of banking,

finance and corporate governance and regulation codes and
legislation;
Expose the student to academic thinking and research directed at
dealing with the complexities of management performance within the
Course Aims constrains of the fast-developing banking, financial and corporate
regulatory codes and legislation;
Develop the students analytical skills in applying banking and
financial regulation and corporate governance as it relates to risk
management, Central Banking, equity, money and derivative
markets, commercial and investment banking and insurance;
Foster an advanced understanding of banking & corporate
governance with respect to how they are applied in real-world
situations and how they can shape decision-making within the firm;
The content and teaching/learning strategy will help students to
develop the ability to understand, critically evaluate and apply
banking/financial and corporate governance constrained decision-
Course Content
making. In addition, students will develop their skill in
communicating financial information within the constraints of
banking/financial and corporate governance codes and legislation.
On completion of this module successful students should be able to:

Understand the use and application of banking/financial regulation

& corporate governance; (PLOs: A1; A3; A4; B4)
Demonstrate skills in applying a critical-thinking approach to
Learning
solving problems related to banking/financial regulation & corporate
Outcomes
governance; (PLOs: A2; A4; B3)
Undertake a research oriented approach to information gathering
using databases, academic and industry sources and synthesize and
summarise the information to make it suitable for decision-making;
(PLOs: A2; A4; B1; B3)
 Apply banking/financial regulation & corporate governance in the
decision-making process; (PLOs: A2; A4; B1; B3; B4; D1)
Examine and challenge (in a constructive manner) the views of
others and to demonstrate competence in interpretation of analysis
and findings; (PLOs: C1; C3: D4)
Present their knowledge in a comprehensive exam. (PLOs: B3;
D1) The Module Learning Outcomes above are cross-referenced to
EBS-Ls Programme Learning Outcomes via the alphanumeric codes
in the brackets above. Please see the Student Handbook for
definitions.
Buckley, R., 2008, International Financial System: Policy and
Regulation, Kluwer Law International.

Davies, H. and D. Green, 2008, Global Financial Regulation: the

Reading
essential guide, Polity Press.
Recommended
Goodhart, C. et al., 1998, Financial Regulation, Routledge, London.

Heffernan S., 2005, Modern Banking, John Wiley & Sons.

The module assessment consists of coursework comprising of a
Asseseement written assignment (40% of the module marks), seminar participation
Methods (10% of the module marks) and an end-of-term exam (50% of the
module marks).

Corporate Finance
GBF454
Code GBF454
School EBSL
Corporate Finance is set in the context of developing, explaining and
applying finance concepts and techniques to a broad range of
contemporary management and business policy concerns and
challenges. The rise of modern finance has brought about a
confrontation between two very different views of the process by
which capital markets establish the values of corporate securities. The
traditional view holds that primarily reported earnings determine
share prices. The rival view to the accounting model is the economic
Description
model where, in an efficient market, the value of assets is the present
value of cash flows. After completion of this module students should
have a thorough understanding of the core concepts in financial
theory - the relationship between risk and return, the principle of
arbitrage, and market efficiency. It has an empirical orientation and is
presented in two parts: Investments and Corporate Finance.
Investments aims to provide students with an understanding of how
asset prices are determined in markets.
Description Corporate Finance is set in the context of developing, explaining and
applying finance concepts and techniques to a broad range of
contemporary management and business policy concerns and
challenges. The rise of modern finance has brought about a
confrontation between two very different views of the process by
which capital markets establish the values of corporate securities. The
traditional view holds that primarily reported earnings determine
share prices. The rival view to the accounting model is the economic
model where, in an efficient market, the value of assets is the present
value of cash flows. After completion of this module students should
have a thorough understanding of the core concepts in financial
theory - the relationship between risk and return, the principle of
arbitrage, and market efficiency. It has an empirical orientation and is
presented in two parts: Investments and Corporate Finance.
Investments aims to provide students with an understanding of how
asset prices are determined in markets.

This requires an understanding of pricing models and the extent to

which they are able to explain market behaviour. Corporate Finance
examines the financial decisions taken by companies. These include
questions on capital structure, type of debt financing, dividend policy.
Module Level 4
Module Code GBF454
Class GE|EL|MA|MI|
Availability DE|SA|
Available
N
Summer
Semester 1
Credits 15
ECTS Credits 6.5
Contact Hours 33
Self Study
117
Hours
Course Leader Dr Michael Gavridis
Lecturers Dr Michael Gavridis

Enable students to have an insight into the techniques used in

corporate finance and how they can be applied in real world
situations;
Familiarise students with the themes of corporate finance and how
they can be used in making decision within a firm;
Broaden students thinking skills relating to the concepts of
Course Aims
corporate finance and how they are deployed to the making of
investment decisions;
Develop students analytical skills of value, risk, capital budgeting,
 By the end of the course the successful student will:

Being able to think critically and creatively in regards to financial

theories so as to be able to bring financial theory into practice
through the ability of identifying assumptions, detecting false logic or
reasoning and understanding the limitations of generalizations
derived from financial theories. (PLOs: A2; A4; B1; B3; C1; D1)
Being able to solve complex problems in a financial and business
context and to use appropriate financial techniques in order to make
decisions from various options. (PLOs: A2; A4; B1; B3)
Obtaining a high level of quantitative skills in order to be able to
understand develop and use relevant financial models. (PLOs: A2;
Learning A4; B1; B3)
Outcomes Being able to look at academic research in finance in a critical way
either individually or as part of a team. (PLOs: A2; A4; B1; B3)
Be able to perform effectively within a team environment,
recognize and utilize individuals contributions in-group processes,
negotiate and persuade/influence others, delegate and manage.
(PLOs: C1;C3; D4)
Be able to communicate complex financial information orally and in
writing through the effective use of computer information technology
(CIT). (PLOs: B3;C3; D1)

The Module Learning Outcomes above are cross-referenced to EBS-

Ls Programme Learning Outcomes via the alphanumeric codes in
the brackets above. Please see your Student Handbook for definitions.
Brealey R. A., S.T. Myers & A. Marcus, (2000), Fundamentals of
Corporate Finance, 3rd edition, McGraw-Hill

Brealey, Richard A., Myers, Stewart C., Allen, Franklin, (2006).

Corporate Finance. International Edition - 8th ed., McGraw
Hill/Irwin.

Buckley R., Ross S.A., R.W. Westerfield & J. Jaffe, (1998),

Corporate Finance Europe, McGraw-Hill

Chew, Jr. & Donald H., (2001), The New Corporate Finance: Where
Reading Theory Meets Practice, International Edition, McGraw-Hill Irwin,
Recommended Singapore.

Copeland T. & J. Weston, (1988), Financial Theory and Corporate

Policy, 3rd edition, Addison-Wesley

Damodaran A., (2001), Corporate Finance: Theory and Practice,

2nd edition, John Wiley & Sons

Megginson W., (1997), Corporate Finance Theory, John Wiley &

SonsRoss,West & J. Jaffe 02, Corporate Finance, 6th ed McGraw-
Hill
Reading Brealey R. A., S.T. Myers & A. Marcus, (2000), Fundamentals of
Recommended Corporate Finance, 3rd edition, McGraw-Hill

Brealey, Richard A., Myers, Stewart C., Allen, Franklin, (2006).

Corporate Finance. International Edition - 8th ed., McGraw
Hill/Irwin.

Buckley R., Ross S.A., R.W. Westerfield & J. Jaffe, (1998),

Corporate Finance Europe, McGraw-Hill

Chew, Jr. & Donald H., (2001), The New Corporate Finance: Where
Theory Meets Practice, International Edition, McGraw-Hill Irwin,
Singapore.

Copeland T. & J. Weston, (1988), Financial Theory and Corporate

Policy, 3rd edition, Addison-Wesley

Damodaran A., (2001), Corporate Finance: Theory and Practice,

2nd edition, John Wiley & Sons

Megginson W., (1997), Corporate Finance Theory, John Wiley &

FinancialSonsRoss,West
Risk Management & Modeling
& J. Jaffe 02, Corporate Finance, 6th ed McGraw-
Hill
GBF455
Code GBF455
Ross, Stephen A., Westerfield, Randolph W., Jaffe, Jeffrey F.,
School EBSL
Jordon, Bradford D., (2007), Core Principles & Applications of
Financial risk
Corporate management
Finance, is a major
International component
Student Edition, in the business of
McGraw-Hill
banking and finance.
Irwin, New York, NY. A solid foundation on the principles of pricing
risk is needed if the use of innovative methods and products are to be
understood. This module focuses on the quantitative aspects of risk
management,
Stephen primarily
A Ross, Randolphby analysing and applying
W. Westerfield, theory
Jeffrey to practice
F. Jaffe, and
in derivatives hedging, trading and investing. It is no
Bradford D. Jordon. International Student Edition (2007). Core longer possible
to rely on a&
Principles totally non-mathematical
Applications of Corporate approach. Therefore
Finance. the
McGraw-Hill
Description
foundations
Irwin, New of the mathematics
York, NY. are taught in this module (no prior
Reading specialist knowledge of models is assumed). By the end of the course
Required the student will be Jr.,
ableeditor.
to applyInternational
the main models found withinThe
Donald H. Chew, Edition (2001).
derivatives markets including the fast growing
New Corporate Finance: Where Theory Meets Practice. credit derivatives
market. The economic
McGraw-Hill consequences of these methods are
Irwin, Singapore.
highlighted. The framework of financial methods covered enables
Asseseement The Module
students Assessment
to build their own consists
modelsofandCoursework
analytical (50%
solutions.
Module Level presentation/written
Methods 4 assignment) and Exam (50% final exam).
Module Code GBF455
Class GE|EL|MA|MI|
Availability DE|SA|
Available
N
Summer
Semester 1
Credits 15
ECTS Credits 6.5
Contact Hours 33
Self Study
117
Hours
Course Leader Dr Michael Gavridis
Lecturers Robert Wallsten
Aims

To provide students with a comprehensive understanding of

the basic principles of financial engineering
To provide a foundation for the practical application of
financial modelling and measurement techniques
Course Aims
To develop students abilities to build and use problem-
specific quantitative models using industry standard tools
To prepare students for the study of more specialised texts
To prepare students for analytical roles in banking and
finance

Starting from the basic building blocks, cash flows, the principles of
financial engineering are introduced. Market modelling and options
pricing are reviewed and expanded on, and applications of financial
engineering to a wide range of asset classes and practical situations
Course Content are developed. Throughout, Excel/VBA and other software packages
are used as modelling and simulation tools in teaching and for
coursework and exercises.

By the end of the course the successful student will be able to:

Apply the principles of financial engineering to unstructured

situations likely to be encountered in future employment.
(PLOs: A2; A4; A5; B1; B3; B4)

Use quantitative modelling skills in order to extract the

essentials from unstructured situations. (PLOs: A2; A4; A5;
B1; B3; B4) Organise data, analyse, and synthesise it
critically to fit into a financial engineering framework using
appropriate software tools. (PLOs: A2; A4; A5; B1; B3; B4)
Learning
Outcomes
Critically evaluate models and reasoning used in financial
engineering. (PLOs: A2; A4; B1; B3; B4; D1) Perform
effectively within a team environment, recognize and utilize
individuals contributions in-group processes, negotiate and
persuade/influence others, delegate and manage. (PLOs: C1;
C3: D4) Communicate complex financial information orally
and in writing through the effective use of software
ools. (PLOs: B3; C3: D1)
 The Module Learning Outcomes above are cross-referenced to EBS-
Ls Programme Learning Outcomes via the alphanumeric codes in
the brackets above. Please see your Student Handbook for
definitions.

Essential Textbooks

Cuthbertson, Keith and Nitzsche, Dirk (2001), Financial Engineering

Derivatives and Risk Management. Wily, Chichester.

Benninga, S., (2008), Financial Modelling, 3rd edition. MIT Press.

Recommended reading
Capinski, Marek and Zastawniak, Thomas (2003), Mathematics for
Finance: An Introduction to Financial Engineering. London,
Springer-Verlag.

Hull, J. C. (2006) Options, Futures, and Other Derivatives. 6th

edition. Prentice Hall.

Reading Jackson, Mary and Staunton, Mike (2001), Advanced Modelling in

Recommended Finance using Excel and VBA. Chichester, John Wiley.

Joshi, M.S., (2004), The Concepts and Practice of Mathematical

Finance. Cambridge University Press.

Kat, H. (2001) Structured Equity Derivatives: The Definitive Guide

to Exotic Options and Structured Notes. Chichester, John Wiley.

Neftci, S. N., (2000), An Introduction to the Mathematics of

Financial Derivatives. 2nd edition. London, Academic Press.

Neftci, S.N., (2004), Principles of Financial Engineering. Academic

Press.

Wilmott, Paul, (2006) Paul Wilmott on Quantitative Finance,2nd

edition. Chichester, John Wiley.
Pre-Requisites GBF450
Presentation and written assignment (35%)
Asseseement
Individual and group exercises (15%)
Methods
Final Exam (50%)
Financial Reporting & Analysis
GBF456
Code GBF456
School EBSL
Financial reporting, communication and analysis provide the
language of business and banking measurement. An understanding of
accounting methods and financial analysis also contributes to the
fuller understanding of the other core financial modules. This module
is designed to provide MSc GBF students with: (1) an intensive
review of financial accounting from the perspective of the
International Accounting Standards and the International Financial
Reporting Standards; (2) a critical engagement with reporting and
accounting policies and their affect on the interpretation of financial
Description statements; (3) the limitations and challenges of decision making in a
situation of incomplete information. This module is directed at future
finance professionals and, as such, the primary goal is mastery of
financial statements interpretation and analysis for the purposes of
risk determination, valuation and investment decisions. The
quantitative approach is complemented with qualitative
considerations influencing decision making. The student will be
expected to conduct substantial reading and research to discover the
specific determinants as they apply to case studies for company
analysis and valuation purposes.
Module Level 4
Module Code GBF456
Available
N
Summer
Semester 1
Credits 15
ECTS Credits 6.5
Contact Hours 33
Self Study
117
Hours
Course Leader Dr Michael Gavridis
Lecturers Peter Chadwick

Course Aims Critically engage with financial accounting;

Take an in-depth look at how reporting and the choice of
 Examine how investors use financial statements to analyse
companies;
Develop a high level of critical thinking in students when viewing
company information, specifically accounting information;
Gain an understanding that accounting is information and like all
forms of information, students should realize that certain assumptions
are imbedded in the information.
The content and teaching/learning strategy will help students to
develop the ability to understand, use and critically evaluate financial
statements and financial reporting issues. In addition, students will
Course Content
develop their skill in communicating financial information while also
developing the ability to analyze and communicated information as a
key skill future professional employment.
By the end of the course the successful student will be able to:

Use financial knowledge through scanning, organizing data,

synthesising and analysing financial statements. (PLOs: A2; A4; B3;
B4)
Use quantitative skills in order to abstract the meaning from a set of
financial statements and to develop appropriate business models.
(PLOs: A2; A4; B3)
Organise the data, analyse, and synthesise it critically to fit into a
business/equity valuation framework. (PLOs: A2; A4; B1; B3)
Use the selected business/equity valuation framework, the students
Learning should be able to demonstrate evidence of their capability to detect
Outcomes false logical reasoning, weak assumptions under conditions of
incomplete information in order to critically review business/equity
valuations and valuation models. (PLOs: A2; A4; B1; B3; B4; D1)
Perform effectively within a team environment, recognize and
utilize individuals contributions in group processes, negotiate and
persuade/influence others, delegate and manage. (PLOs: C1; C3: D4)
Communicate complex financial information orally and in writing
through the effective use of computer information technology (CIT).
(PLOs: B3; C3: D1) The Module Learning Outcomes above are
cross-referenced to EBS-Ls Programme Learning Outcomes via the
alphanumeric codes in the brackets above. Please see your Student
Handbook for definitions.
Penman, Stephen H. (2007), Financial Statement Analysis and
Reading Security Valuation, 3rd ed. McGraw-Hill/Irwin.
Recommended

Sutton, Tim (2004). Corporate Financial Accounting and Reporting,

2nd ed. Prentice Hall.
Reading
Required Penman, Stephen H. (2003). Financial Statement Analysis and
Security Valuation, 2nd ed. McGraw-Hill/Irwin.

Asseseement The Module Assessment consists of Coursework (100% - comprising

Methods 35% presentation/written assignment and 65% Final Exam).
Research Methods & Econometrics
GBF404
Code GBF404
School EBSL
This module provides the two required teaching elements leading
towards the completion of an MSc GBF Dissertation. The module
will be devoted to the research process enabling the planning and
execution of the MSc GBF dissertation as a project. The skills learnt
in this phase will prove useful not only in composing the dissertation,
but also for problem solving and analysis capabilities that are likely to
be needed in both the business and academic environments that may
Description follow your degree. Econometric methods are used extensively in
Finance in both the academic and professional worlds. Indeed a major
development in financial markets since the 1970s has been the
application by practitioners of methods generated by academics. Most
academic articles use econometric techniques. The testing of finance
theory by econometric and statistical methods is universal and the
results often applied in markets. The aim of this module is to give
students practice in applying and appraising such techniques.
Module Level 4
Module Code GBF404
Class GE|EL|MA|MI|
Availability DE|SA|
Available
N
Summer
Semester 1
Credits 15
ECTS Credits 6.5
Contact Hours 33
Course Leader Dr Michael Gavridis
Lecturers Dr Motasam Tatahi
To orient the student about the nature and role of research in its
various contexts, and to educate and prepare for productive work in
Course Aims the research influenced environments students are likely to encounter
in their future careers.
 To provide the methodological framework and process guidance
needed for the students to successfully complete a Masters
dissertation in their chosen areas of interest.

To provide an overview of statistical testing from the practitioners

point of view, and to give an introduction to some of the main
econometric techniques, thereby enabling the student to competently
use these tools in dissertation and research work.
Research plays a fundamental role both in academic and commercial
organisations, as well as in the culture at large indeed; one might
argue that research provides much of the foundation for our
technological society and for our modern world-view. In the world of
banking and finance, research is often the basis for decision-making,
and many organisations employ a large number of staff in research-
oriented roles. In academia, research is the way through which the
body of knowledge is expanded or modified. One of the capabilities
expected from a graduate of the M.Sc. Programme in Global Banking
Course Content
& Finance is the ability to actively contribute in such environments,
and this module together with the dissertation work is where such
capabilities are developed.

Statistical methods are fundamental to evaluating the outcome of

empirical research studies, and their application to problems in
finance econometrics is fundamental to empirical research and to
the testing of theories in finance. The module provides an
introduction to and an overview of these subjects.
By the end of the course the successful student will:
Identify and justify research topics, and write clear aims and
objectives for research (PLOs: A4; B1; B2; B3; B4; C1; D1)
Search and review the literature relevant to a research topic (PLOs:
A4; B1; B2; B3; B4; C1; D1)
Develop a research design and strategy, and design appropriate data
collection and analysis methods (PLOs: A4; A5; B1; B2; B3; B4; C1;
D1)
Manage the end-to-end data collection, analysis, and interpretation
process for some central statistical and econometric methods (PLOs:
Learning A4; A5; B1; B2; B3; B4)
Outcomes Write and present reports and proposals as appropriate to research
contexts in banking and finance (PLOs: A4; A5; B1; B2; B3; B4; C1;
D1)

The Module Learning Outcomes above are cross-referenced to EBS-

Ls Programme Learning Outcomes via the alphanumeric codes in the
brackets above. Please see your Student Handbook for definitions.
 Research Methods
Saunders, Mark et al, (2007), "Research Methods for Business
Students", 4th edition, London: FT Prentice Hall. The most popular
and accessible text.

Bryan, Alan, (2003), "Business research methods", Oxford University

Press. A very good and up-to-date chapter available on
www.oup.com/uk/booksites/busecon - follow link to companion
website.

Zikmund, William G, (1999), "Business research methods", Dryden.

A classic best-seller, very-student friendly in design and organisation,
but a bit old.

Applications
Cuthbertson K., and D. Nitsche, (2004) Quantitative Financial
Economics, London Wiley (2nd edition)

Where appropriate students will be referred to IMF, Federal Reserve

System, Federal Reserve Banks, Bank of England, ECB and World
Reading Bank Working papers; all accessible via their respective web sites.
Recommended They will be expected to search these sites for their assessment
essays.

Quantitative toolkit
Burton, G, G. Carroll & S. Wall, (2005), "Quantitative Methods for
Business & Economics", (2nd edition), Prentice Hall
Berenson, M.L., and D.M. Levine, (1998), "Business Statistics, A
First Course", Prentice Hall Bodie, Z., A. Kane, and A. J. Marcus,
2005, Investments, McGraw-Hill, Boston, 6th edn.

Campbell, J. Y., A. W. Lo, and A. C. MacKinlay, 1997, The

Econometrics of Financial Markets, Princeton University Press,
Princeton, New Jersey. Copeland, T. E., J. F. Weston, and K. Shastri,
2005, Financial Theory and Corporate Policy, Pearson Education, 4
edn. Gourieroux, C., and J. Jasiak, 2001, Financial Econometrics:
Problems, Models, and Methods, Princeton University Press.

Hull, J. C., 2006, Options, Futures, and Other Derivatives, Prentice-

Hall, Upper Saddle River, NJ, 6th edn.
The Module Assessment consists of Coursework: Literature Review
Submission (25%); a Quantitative Methods Assignment Paper (50%)
that addresses the analysis process from data collection to
Asseseement
interpretation and conclusions; and a Research Proposal Submission
Methods
(25%).
MSc GBF Dissertation
GBF401
Code GBF401
School EBSL
The dissertation is a major research-based activity centred in the
entrepreneurial concepts that have been studied in the core modules.
Students will develop their ideas and focus on the research not only from
Description the core knowledge but also from experience and existing and
developing interests in the field. They will be guided and tutored by the
appropriate member of staff. There is a separate handbook for the
dissertation module.
Module
4
Level
Module
GBF401
Code
Class GE|EL|MA|MI|
Availability DE|SA|
Available
N
Summer
Credits 60
ECTS
23
Credits
Course
Dr Michael Gavridis
Leader
Lecturers Dr Motasam Tatahi