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Last modified: 22 May 2019 17:07

Course Overview

This course ensure students understand why companies behave the way they do with respect to financing choices and how this interacts with financial markets, with particular reference to the petroleum and energy industries.  The course covers Investment Appraisal Techniques Employed in Petroleum Industry, Risk Analysis, Portfolio Theory and the Capital Asset Pricing Model (CAPM)

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 7.5 credits (3.75 ECTS credits)
Campus None. Sustained Study No
  • Dr Nikolaos Vlassis

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)
  • MSc (Econ) in Petroleum, Energy Economics and Finance (Studied)

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

1. Course Introduction
a. Portfolio Theory
b. Introduction to the Capital Asset Pricing Model (CAPM)

2. The Capital Asset Pricing Model and Discounted Cash Flow Analysis
a. Introduction to Discounted Cash Flow Analysis
b. Investment Appraisal
c. Recognising Cash Flows in Investment Appraisal
d. Taxes and Capital Budgeting

3. Real Options a. Introduction to Real Options in Corporate Investment b. Option Valuation Methods

In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Computer Practical during University weeks 8, 9 - 12
  • 1 Lecture during University weeks 7 - 12
  • 1 Tutorial during University weeks 8, 10, 13

More Information about Week Numbers

In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

1 two hour written examination (80%); continuous assessment (20%). Resit: 1 two hour written examination (100%), capped at CAS 9.

Formative Assessment

There are no assessments for this course.



Course Learning Outcomes


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