FM301      Half Unit
Market Anomalies and Asset Management

This information is for the 2025/26 session.

Course Convenor

Dr Cameron Peng

Availability

This course is compulsory on the BSc in Finance. This course is not available as an outside option to students on other programmes. This course is not available to General Course students.

This course does not permit auditing students.

Requisites

Pre-requisites:

Students must have completed FM215 and FM214 and FM200 before taking this course.

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.

Teaching

33 hours of seminars in the Autumn Term.

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 assessment

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).

Assessment

Continuous assessment (100%)


Key facts

Department: Finance

Course Study Period: Autumn Term

Unit value: Half unit

FHEQ Level: Level 6

CEFR Level: Null

Total students 2024/25: 71

Average class size 2024/25: 71

Capped 2024/25: No
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