Intended Learning Outcomes
The overall aim of this course is to equip students with the tools required to understand the construction, the pricing and the risks of fixed income securities. Upon completion of the course, students should be able to:
Knowledge and understanding
1. Understand how and why various features of fixed income securities influence their pricing and risk. This includes both a theoretical understanding and recognition of how technical features influence the practice of pricing and risk management.
Skills and abilities
2. Implement scientific methods to quantify and analyse the price and value, as well as the duration and convexity of fixed income securities. Students should also be able to use the fixed income securities to examine the status of market-wide interest rates and to manage interest rate risk.
Judgement and approach
3. Critically assess and evaluate the theoretical and empirical issues in fixed income securities and interest rate risk management.