SHE level 11 SCQF credit points 15 ECTS credit points 7.5 Module code MMN330819 Module Leader Mauricio Silva School Glasgow School for Business and Society Subject Finance and Accounting Trimester A (September start), B (January start), C (May start), A (September start), B (January start)
Summary of content The aim of this module is to provide students with the necessary skills and knowledge undertake quantitative research projects in Finance and Analytics. It was designed to provide students with a critical understanding of financial and analytical research in a business context and the technical skills essential for quantitative research. This mainly includes themes in the fields of econometrics and statistics that will enable them to pursue advanced research in emerging topics in the finance and analytics literature. The module will focus on developing applied skills that are also critical to their professional development in various industries, including but not limited to statistical computing skills, and fundamental mathematical concepts for business analytics, finance and investment. Key subject areas include (but are not limited to): 1. Foundations of Research design: research philosophy and methodology 2. Statistical fundamentals: exploring and interpreting data 3. Modelling variation: probabilities, random variables, distributions 4. Advanced Analytical Applications 5. Data Management and Communication
Module details Syllabus arrow_forward Foundations and Research Design 1. Research Foundations for Business Analytics and Finance: Paradigms, approaches, and the role of theory in finance and analytics research. 2. Quantitative Research Design for Business Decisions: Experimental, observational, and longitudinal designs in financial and operational contexts. Data and Statistical Methods 3. Statistical Thinking in Financial and Business Analytics: Descriptive analytics, probability, and hypothesis testing for real-world financial data. 4. Econometrics for Business Insight: Regression, time-series, and panel data analysis for finance and strategy. Analytics and Modelling Techniques 5. Predictive Modelling and Machine Learning: Supervised learning, classification, and risk prediction in financial contexts. 6. Big Data Analytics in Business and Financial Markets: Tools and techniques for handling high-volume, high-velocity data. 7. Optimisation and Simulation for Decision Support: Scenario planning, Monte Carlo methods, and optimisation in portfolio and business operations. Advanced Analytical Applications 8. Stochastic and Quantitative Models: models and applications of stochastic processes in business risk and finance. 9. Text and Sentiment Analytics for Decision-Making: Using Non-Linear Programming and unstructured data to analyse markets and corporate communication. Data Management and Communication 10. Data Sourcing, Wrangling, and Governance in Business and Financial Research: Practical use of databases, data cleaning, and ethical considerations in data handling. 11. Communicating Analytical Insights in Finance and Business: Writing, visualisation, and presenting findings for academic, executive, and stakeholder audiences.
Learning outcomes arrow_forward On successful completion of this module, students should be able to: 1. Demonstrate critical knowledge and understanding of key quantitative techniques for the empirical analysis of business and financial problems, along with application of these techniques in the contexts of current academic and practical research problems in the field; 2. Critically evaluate the extant academic literature and industry reports in specialist areas of business and finance to identify current gaps in knowledge and emerging issues, frame research questions and plan and evaluate the necessary evidence to answer them; 3. Demonstrate numerate and technical competencies in statistical and financial modelling, selection and evaluation of data, interpretation of findings, manipulation of statistical software; 4. Communicate research findings objectively and in accordance to ethical standards, demonstrating a critical understanding of their implications and limitations.
Teaching / learning strategy arrow_forward The teaching and learning strategy combines lectures and practical lab sessions to provide students with foundational knowledge, demonstrate its application, and develop essential skills. Lectures present fundamentals theory and concepts within the framework of the most recent academic literature in the topic. This in turn is applied to emerging issues in business and finance and presented as tasks, activities, and problems that will help students to develop quantitative analysis techniques using the latest software applications. The strategy allows students to select and evaluate business and financial analysis tools as they apply them to decisions currently being considered by market participants. Lab sessions provide an opportunity to apply the knowledge acquired in lectures (and self-managed study) and acquire skills to organise, manipulate, analyse. and evaluate data through software applications commonly used in industry. As the taught component is progressively complex, continuous assessment will help students to monitor their progress. An essential component of this module's teaching and learning strategy is self- managed learning. Each topic is supplemented with directed reading from academic journals and problem-solving assignments to support student's learning and focus. Support and guidance are provided in the lab sessions in addition to providing help in developing the ability to critically evaluate technical and econometric methods employed by practitioners in business analytics and finance.
Transferrable skills arrow_forward 1.Understand the implications of research methodologies and theories in Business Analytics and Finance and how these differ from other disciplines 2.Ability to critically evaluate areas in need of research: generate research questions and transform these into testable hypotheses 3.Development of quantitative analysis skills for professional practice, including evaluation of methods and data, analysis of findings with limitations 4.Project management skills in planning and scheduling self-directed study, including critical reading and writing, completing assignments, manipulating databases and software, and reflecting on the learning process 5.Identify emerging problems in the discipline, provide theoretical solutions, and evaluate the potential implications of proposals. Understand and question related statistical information as presented in reports and the media 6.Ability to effectively communicate complex empirical results in an objective and unbiased technical manner 7.Awareness of tools and techniques used to carry out quantitative research ability to understand the interpretation, implications, and limitations of research results. Develop a numerate and evidence-based mindset which is an essential skill relevant to professional development in the financial sector
Module structure Activity Total hours Lectures 22 Tutorials 0 Practicals 11 Seminars 0 Independent Learning 93 Assessment 24 Placement 0
Assessment methods Component Duration Weighting Threshold Description Course Work001 40 45 CW1: 4 x 1 hour in-class tests Course Work002 60 45 CW2: Research Proposal (2,500 words)