FM301      Half Unit
Market Anomalies and Asset Management

This information is for the 2022/23 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. It will also cover both behavioural and frictional theories of return predictability and other asset-pricing phenomena.


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).


Continuous assessment (100%) in the MT.

Key facts

Department: Finance

Total students 2021/22: 47

Average class size 2021/22: 46

Capped 2021/22: No

Value: Half Unit

Guidelines for interpreting course guide information

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Personal development skills

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