FM301      Half Unit
Market Anomalies and Asset Management

This information is for the 2019/20 session.

Teacher responsible

Dr Cameron Peng


This course is compulsory on the BSc in Finance. This course is not available as an outside option nor to General Course students.


Students must have completed FM213 Principles of Finance.

Course content

This course will examine the extent to which financial markets are informationally efficient. Topics include notions of market efficiency, return predictability in bond, stock, and derivatives markets, limits to arbitrage and other theories of return predictability.


33 hours of seminars in the MT.

This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.

Formative coursework

Weekly homework assignments

Indicative reading

Detailed course programmes and reading lists are distributed at the start of the course. Illustrative texts include: Shleifer, Inefficient Markets: An Introduction to Behavioral Finance (Oxford University Press).


Coursework (30%) and in class assessment (70%) in the MT.

Key facts

Department: Finance

Total students 2018/19: 30

Average class size 2018/19: 30

Capped 2018/19: No

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Problem solving
  • Application of information skills
  • Application of numeracy skills
  • Commercial awareness