BE367-7-SP-CO:
Big Data in Finance
2023/24
Essex Business School
Colchester Campus
Spring
Postgraduate: Level 7
Current
Monday 15 January 2024
Friday 22 March 2024
20
09 January 2024
Requisites for this module
(none)
(none)
(none)
(none)
(none)
MSC N3G312 Finance and Data Analytics,
MSC N3C112 Financial Technology (Finance),
MSC N3C124 Financial Technology (Finance),
MSC N3L112 Financial Technology (Economics),
MSC N3CL12 Financial Technology (Computer Science)
The primary purpose of this module is to provide the student with an understanding of data analytic approaches in finance. The first part of this module covers predictive analytics, risk modelling and corporate finance. The second part will concentrate on the application of data analytics in high frequency finance, fraud and personal finance.
The aims of this module are:
- To enable students to understand the applications of big data and data analytics in finance.
- To enable students to critically evaluate the techniques above and provide a view on the future direction of innovation in the financial sector.
By the end of this module, students will be expected to be able to:
- To understand the use of high frequency data in finance and its limitations.
- To undertake predictive estimations and tests of hypotheses using financial data.
- To understand how big data can be used in areas of finance such as risk analysis and corporate finance.
- To critically evaluate how big data and data analytics is changing the financial sector.
Big data is the term for a collection of data sets so large and complex that it becomes difficult to process using on-hand database management tools or traditional data processing applications. Given contemporary computing power and potential data collection, many firms, particularly those from the financial sector, wish to use big data. The challenges include capture, curation, storage search, sharing, transfer, data analytics and visualisation.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Take home assignment |
|
100% |
| Exam |
Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
|
| Exam |
Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Ali Ozbekler, email: ali.gencay.ozbekler@essex.ac.uk.
Dr Ali Gencay Ozbekler and Dr Servanna Mianjun Fu
ebspgtad@essex.ac.uk
No
No
No
Dr Nikolaos Voukelatos
University of Kent
Senior Lecturer in Finance
Available via Moodle
Of 20 hours, 20 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.
Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can
be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements,
industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist
of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules.
The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.