Investment Principles and Risk
This unit provides you with an introduction to the major asset classes in which people invest, such as cash deposits, bonds, property and equities, and to the principles, concepts, theories, economic and market forces that underpin personal investment decisions. Key topics that you will study include risk profiling, security evaluation, asset allocation, portfolio selection and management. You will have access to investment appraisal software used by practitioners in the financial planning profession and utilise this to create an investment portfolio to satisfy the financial goals and other objectives that typically influence personal investment behaviour, especially an individuals appetite for risk.
This unit studies the regulatory and legal frameworks, financial markets and institutions engaged in the provision of retail banking services. You will gain an understanding of banks and financial intermediation; banking typology and the theory of the banking firm; bank regulation; trends in domestic and international banking; the retail service proposition; the demand for consumer credit; principles and practices of consumer lending; processes for granting credit; treating customers fairly; developing and managing credit scoring systems; client relationship management; debt management processes; small business management and funding requirements; sources of finance; principles and practices of business lending; evaluating lending propositions; constraints on lending; the need for and perfecting security; risk management at portfolio level; retail banks and retail banking in the future.
Current Issues in Economics
This unit revisits some of the basic economic issues introduced at Level 4 but analyses them from an applied economic perspective & outlines how they impact the development of economic policymaking, particularly in the UK context. The applied course content is dominated by applied UK macroeconomic issues, such as the economic impact of Brexit, although some microeconomic/sectoral areas will be explored. The course thus aims, by exploring trends in the data, to deepen your knowledge of the principles of macroeconomic analysis; this, in turn, will help you understand recent dilemmas in UK economic performance & policymaking.
Micro/Macro Principles 2
The unit extends theories from Level 4 in both microeconomics and macroeconomics. For microeconomics, these include: the theory of the firm (monopoly, oligopoly, perfect competition); externalities and utility maximisation. For macroeconomics, theories of consumption, money supply (money creation) and money demand, expectations and ISLM model in a closed economy.