Last modified: 20 Jun 2025 15:10
The course is intended to introduce fixed income securities to undergraduate students. It will deal with pricing of bonds, measuring and managing interest rate risk, theories of term structure of interest rates and bond portfolios.
| Study Type | Undergraduate | Level | 3 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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The course is an introduction to fixed income securities. It will begin with the basics of bonds/loans and their pricing. Thereafter, it will go into the detail of how to quantify and manage interest rate risk of bonds and their portfolios. It will also cover the theories and estimation of term structure of interest rates. The topics may include, but may not be limited to:
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | 37 | Feedback Weeks | 42 | |
| Feedback |
1,000 - word analysis of a fixed income security or portfolio of own choice. Individual grades will be provided. |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Ability to interpret the data on real world fixed income securities. |
| Conceptual | Analyse | Ability to analyse the risk of a bond and a bond portfolio. |
| Conceptual | Understand | Ability to discuss how the bond markets work in practice. |
| Conceptual | Understand | Understand and appreciate the risk factors and valuation of fixed income securities. |
| Procedural | Analyse | Ability to interpret the changes in the term structure of interest rate and estimate their impact on bond portfolio. |
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Term End written exam. Individual marks will be provided. Feedback will be provided alonf with the results for the exam diet. |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Ability to analyse the risk of a bond and a bond portfolio. |
| Conceptual | Understand | Understand and appreciate the risk factors and valuation of fixed income securities. |
| Procedural | Analyse | Ability to interpret the changes in the term structure of interest rate and estimate their impact on bond portfolio. |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | 50,51 | Feedback Weeks | ||
| Feedback |
Term End written exams. Individual marks will be provided. |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
|
|
||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Understand | Understand and appreciate the risk factors and valuation of fixed income securities. |
| Conceptual | Analyse | Ability to interpret the data on real world fixed income securities. |
| Procedural | Analyse | Ability to interpret the changes in the term structure of interest rate and estimate their impact on bond portfolio. |
| Conceptual | Analyse | Ability to analyse the risk of a bond and a bond portfolio. |
| Conceptual | Understand | Ability to discuss how the bond markets work in practice. |
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