Quantitative and Economic Analysis (AFCP812)

This unit provides the important building blocks in microeconomic and quantitative analysis required for advanced study in applied finance. Microeconomic analysis develops tools in demand and supply and critically applies these to the consumer and the firm. It concludes with an analysis of market structure. The second part of the unit develops quantitative skills that are used in finance, including descriptive statistics, probability, statistical inference, correlation, and regression analysis. Spreadsheets are extensively used in statistical modelling.

Learning Outcomes:

  1. Apply mathematical skills to finance based problems.
  2. Explain and analyse the key microeconomic concepts, models and theories as required for applied finance issues.
  3. Apply the key microeconomic concepts, models and theories to solve a range of finance based problems.
  4. Explain and analyse the key theories, concepts, and models used in probability and statistics as required for applied finance.
  5. Apply the key theories, concepts, and models used in probability and statistics to solve a range of finance based problems.
  6. Demonstrate proficiency in using spreadsheet based statistical modelling to solve a range of finance based problems.

Topics:

  1. Essential Pre-work
  2. Key Concepts, Supply and Demand Model
  3. Market Analysis and Elasticity
  4. Cost Curves and the Competitive Market
  5. Market Structures
  6. Descriptive Statistics
  7. Probability and Random Variables
  8. Statistical Estimation and Inference
  9. Correlation Regression and Indices

Prerequisite Units:

Lecturers:

Unit Guides:

  • Quantitative and Economic Analysis - The above link will provide a list of guides for this unit. If the desired term/location is not listed, please view the latest one available.

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