Module Specification

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
1. Module Title INTRODUCTION TO FINANCE
2. Module Code ACFI103
3. Year Session 2023-24
4. Originating Department Management School
5. Faculty Fac of Humanities & Social Sci
6. Semester Second Semester
7. CATS Level Level 4 FHEQ
8. CATS Value 15
9. Member of staff with responsibility for the module
Mr GK Fairclough Finance and Accounting Graham.Fairclough@liverpool.ac.uk
10. Module Moderator
11. Other Contributing Departments  
12. Other Staff Teaching on this Module
Mr NA Owen Management School Neil.Owen@liverpool.ac.uk
Mrs H Scott Finance and Accounting Helen.Scott@liverpool.ac.uk
Mr C McCall-Twentyman Management School C.Mccall-Twentyman@liverpool.ac.uk
Miss JV Jones Management School Jade.Jones@liverpool.ac.uk
Mr TE Lloyd Management School Thomasl@liverpool.ac.uk
Mr MR McDonough Management School Michael.Mcdonough@liverpool.ac.uk
Miss RD Hughes Management School Rebekah.Hughes@liverpool.ac.uk
Mr L Dowdall Management School Luke.Dowdall@liverpool.ac.uk
Mr LA Bedeau Management School Leon.Bedeau@liverpool.ac.uk
Miss NE Wood Management School N.E.Wood@liverpool.ac.uk
Mr DRA Horne Management School D.Horne@liverpool.ac.uk
Miss D Gildea IPH Professional Services Dionne.Gildea@liverpool.ac.uk
Mr JC Brown School of Physical Sciences J.Brown23@liverpool.ac.uk
13. Board of Studies
14. Mode of Delivery
15. Location Main Liverpool City Campus
    Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
16. Study Hours 24

6

        30
17.

Private Study

120
18.

TOTAL HOURS

150
 
    Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other
19. Timetable (if known)            
 
20. Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 
21. Modules for which this module is a pre-requisite:

 
22. Co-requisite modules:

 
23. Linked Modules:

 
24. Programme(s) (including Year of Study) to which this module is available on a mandatory basis:

25. Programme(s) (including Year of Study) to which this module is available on a required basis:

26. Programme(s) (including Year of Study) to which this module is available on an optional basis:

27. Aims
 

This module aims:
to introduce the students to finance.
to provide a firm foundation for the students to build on later on in the second and third years of their programmes, by covering basic logical and rational analytical tools that underpin financial decisions  

 
28. Learning Outcomes
 

(LO1) Understand the goals and governance of the firm, how financial markets work and appreciate the importance of finance.

 

(LO2) Understand the time value of money.

 

(LO3) Understand the determinants of bond yields.

 

(LO4) Recognize how stock prices depend on future dividends and value stock prices.

 

(LO5) Understand net present value rule and other criteria used to make investment decisions.

 

(LO6) Understand risk, return and the opportunity cost of capital.

 

(LO7) Understand the risk-return tradeoff, and know the various ways in which capital can be raised and determine a firm's overall cost of capital.

 

(LO8) Know different types of options, and understand how options are priced.

 

(S1) Problem solving skills

 

(S2) Numeracy

 

(S3) Commercial awareness

 

(S4) Teamwork

 

(S5) Organisational skills

 

(S6) Communication skills

 

(S7) IT skills

 

(S8) International awareness

 

(S9) Lifelong learning skills

 

(S10) Ethical awareness

 
29. Teaching and Learning Strategies
 

Teaching Method: Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

Teaching Method - Seminar
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Self-Directed Learning Hours: 120
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readings and topics to examine with the expectation that students are well prepared to contribute to the tutorial activities and to understand the content of learning materials. Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

This module is a pre-requisite for the following modules:
ACFI204, ACFI205, ACFI213, ACFI290, ACFI320, and ECON233

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: Lecture 2
Mode of assessment (if applica ble): Written Unseen Examination

Skills / attributes: Lifelong learning skills
How this is developed: Students are made aware on how to apply the knowledge in the future.
Mode of assessment (if applicable)

Skills / attributes: International awareness
How this is developed: Lecture 2
Mode of assessment (if applicable): Written Unseen Examination

Skills / attributes: IT skills
How this is developed: Use of electronic sources
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed: Through presentation of answers
Mode of assessment (if applicable)

Skills / attributes: Organisational skills
How this is developed: Students are required to answer workshop questions prior to the schedule time
Mode of assessment (if applicable)

Skills / attributes: Teamwork
How this is developed: Answering exercises as teams in workshops
Mode of assessment (if applicable)

Skills / attributes: Commercial awareness
How this is developed: Most lectures
Mode of assessment (if applicable): Written Unseen Examination

Skills / attributes: Numeracy
How this is developed: Most lectures and workshops
Mode of assessment (if applicable): Written Unseen Examination

Skills / attributes: Problem solving skills
How this is developed: Most lectures and workshops
Mode of assessment (if applicable)

 
30. Syllabus
   

Introduction
Goals and governance of the firm / Financial markets and institutions
Time value of money
Valuing bonds
Valuing stocks
Net present value and other investment criteria
Introduction to risk, return and capital budgeting
Cost of capital
Options

 
31. Recommended Texts
  Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.
 

Assessment

32. EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
  Assessment 2: Midterm Assessment Type: Written Exam Duration: 1 hour Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Anonymous Assessment: 1 30
  Assessment 1: Unseen Examination Assessment Type: Written Exam Duration: 2 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies A 2 70
33. CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes