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IB9X8 - Fixed Income and Credit Risk

  • Module code: IB9X8
  • Module name: Fixed Income and Credit Risk
  • Department: Warwick Business School
  • Credit: 15

Content and teaching | Assessment | Availability

Module content and teaching

Principal aims

To provide students with an understanding of and key skills in: i) interest-rate and credit risk markets; ii) common interest-rate and credit instruments; iii) the yield curve and its use in risk management; iv) modelling the yield curve; v) fundamental fixed-income and credit models; vi) interest-rate risk management; vii) credit risk management.

Principal learning outcomes

Subject knowledge/Key Skills: Comprehensively understand and describe basic financial instruments for managing interest-rate risk and credit risk. Cognitive Skills: Interpret macro-economic and other factors that drive yield-curve movements; Comprehensively understand simple interestrate and credit risk models; Refine these simple models to value and hedge with more sophisticated instruments for managing interest-rate risk and credit risk.Subject specific/Professional Skills: Estimate the factors that contribute to interestrate risk and credit risk; Use simple fixed-income and credit models to evaluate tools for managing these risks.

Timetabled teaching activities

Total contact hours: 30 hrs. Lectures (over duration of course): 10 x 2 hour lectures. Seminars (over duration of course): 10 x 1 hour seminars. Module duration (weeks, if applicable): 10 week

Departmental link

https://my.wbs.ac.uk

Module assessment

Assessment group Assessment name Percentage
15 CATS (Module code: IB9X8-15)
D1 (Assessed/examined work) Course Test 10%
  Group Project (2500 words) 20%
  Examination (May) 70%

Module availability

This module is available on the following courses:

Core

N/A

Optional Core
  • Postgraduate Behavioural Finance (N304) - Year 1
  • Postgraduate Behavioural Finance (N304) - Year 2
  • Postgraduate Behavioural Finance (N304) - Year 3
  • Postgraduate Behavioural Finance (N304) - Year 4
Optional
  • Postgraduate Taught Finance and Economics (LN1J) - Year 2
  • MSc in Finance (N300) - Year 2
  • Postgraduate Taught Finance with Behavioural Science (N301) - Year 2
  • Postgraduate Taught Financial Mathematics (N3G1) - Year 1
  • MSc in Accounting and Finance (N4N3) - Year 2