Imperial College London

DrLaraCathcart

Business School

Associate Professor of Finance
 
 
 
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Contact

 

+44 (0)20 7594 9126l.cathcart

 
 
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Location

 

3.0953 Prince's GateSouth Kensington Campus

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Summary

 

Derivatives - BS0130

Aims

Module Description


Derivatives have become increasingly important in the world of finance and investment and an understanding of these instruments is integral to making sense of today’s financial markets. The goal of this module is to provide a good fundamental understanding of derivative securities. These securities include forwards, futures and options. Emphasis will be placed on three aspects of derivatives; the nature of their payoffs how they are priced and how they can be used for hedging and speculative purposes.

 

Role

Course Leader

Fixed Income Securities - BUSI97044

Aims

This module focuses on continuous time term-structure models and the pricing of fixed income securities and their derivatives in modern financial markets. General equilibrium and no-arbitrage models are examined in detail, e.g. Vasicek, Cox, Ingersoll and Ross, Hull and White, and the more recent Heath Jarrow and Morton and market models. By the end of the module the students will have acquired the necessary skills to efficiently price various fixed income products such as bond options, swaps, swaptions, caps, floors and corporate bonds, and a good understanding of the pros and cons of the various models discussed.

Role

Course Leader

Advanced Options Theory - BUSI97042

Aims

This module focuses on the continuous time models and the pricing of contingent claims in modern financial markets. It will cover the basic valuation paradigm, analytical and numerical solutions of partial differential equations, American options, and exotic options.  Also various generalization of Black Scholes model including stochastic volatility models will be covered.

Role

Course Leader

Advanced Derivatives - BS1111

Aims

This module focuses on the continuous time models and the pricing of contingent claims in modern financial markets. It will cover the basic valuation paradigm, analytical and numerical solutions of partial differential equations, American options, and exotic options. General equilibrium and no arbitrage term structure models are examined in detail eg, Vasicek, Cox, Ingersoll and Ross, Hull and White and the more recent Heath, Jarrow and Morton and market models.
 

The module also covers the valuation of defaultable bonds. By the end of the module the students will have acquired the necessary skills to efficiently price various financial products such as exotic options, bond options, and corporate bonds and a good understanding of the pros and cons of the various models discussed.

Role

Course Leader

Applied Project - BUSI97053

Aims

The Applied Project (AP) is meant to provide real insights into professional financial practice, based on current financial theory and current analytical or computational tools. Projects will be marked in light of this general principle.

Each project will be assessed on its own merit. A good project might offer a fresh insight into an interesting financial problem, or it might provide a useful implementation of an existing analytical tool. All projects must be informed by current academic finance, with the emphasis on practical application rather than rigorous academic discussion.

This is a 3,000 word practically focussed report delivered by the student.  Unlike the research project, students are not allocated a supervisor.

The topic covered by the report should broadly fit into one of the following categories:

  • an equity valuation report
  • an applied econometric or other type of quantitative analysis
  • writing and documenting new software for a financial application
  • an accounting based topic.

The report should demonstrate a familiarity with relevant finance theories and demonstrate relevant competences.  

Although not a piece of academic research, the report should carefully reference all sources. 

Role

Course Leader

Applied Project - BUSI97340

Aims

The Applied Project (AP) is meant to provide real insights into professional financial practice, based on current financial theory and current analytical or computational tools. Projects will be marked in light of this general principle.

Each project will be assessed on its own merit. A good project might offer a fresh insight into an interesting financial problem, or it might provide a useful implementation of an existing analytical tool. All projects must be informed by current academic finance, with the emphasis on practical application rather than rigorous academic discussion.

This is a 3,000 word practically focussed report delivered by the student.  Unlike the research project, students are not allocated a supervisor.

The topic covered by the report should broadly fit into one of the following categories:

  • an equity valuation report
  • an applied econometric or other type of quantitative analysis
  • writing and documenting new software for a financial application
  • an accounting based topic.

The report should demonstrate a familiarity with relevant finance theories and demonstrate relevant competences.  

 

Although not a piece of academic research, the report should carefully reference all sources. 

Role

Course Leader

Applied Project - BUSI97323

Aims

The Applied Project (AP) is meant to provide real insights into professional financial practice, based on current financial theory and current analytical or computational tools. Projects will be marked in light of this general principle.

Each project will be assessed on its own merit. A good project might offer a fresh insight into an interesting financial problem, or it might provide a useful implementation of an existing analytical tool. All projects must be informed by current academic finance, with the emphasis on practical application rather than rigorous academic discussion.

This is a 3,000 word practically focussed report delivered by the student.  Unlike the research project, students are not allocated a supervisor.

The topic covered by the report should broadly fit into one of the following categories:

  • an equity valuation report
  • an applied econometric or other type of quantitative analysis
  • writing and documenting new software for a financial application
  • an accounting based topic.

The report should demonstrate a familiarity with relevant finance theories and demonstrate relevant competences.  

 

Although not a piece of academic research, the report should carefully reference all sources. 

Role

Course Leader

International Experience Trip - BUSI97065

Role

Course Leader

Project - BUSI97313

Aims

The research project plays an essential part in the educational process. It is something that is exclusively yours and you have to take responsibility for what you get out of it. The academic staff will help, facilitate and finally assess your efforts, but the responsibility for the project is your own. An electronic copy of your project, assuming it 'passes', will be accessible in the College Library. Future students and other users will read it and it will appear under your name.

The benefit that you get from the project will depend on the nature of the project and will therefore vary. It is likely to include, however, some mix of the following:

  • a deeper understanding of some aspect of financial markets, industry, the economy
  • development of technical expertise in e.g. financial analysis, mathematical modelling, information technology, forecasting, computing
  • better understanding and better performance in the process of research. e.g. familiarity with sources and use of data, ability to evaluate and synthesise existing literature, present findings accurately, clearly and concisely. 

Of course, not all projects will provide all of these benefits, certainly not to the same degree and you will probably have strong views on what kind of benefit you want to emphasise when you select your project. 

  

Role

Course Leader

MSc Investment and Wealth Management Project - BUSI97333

Aims

The research project plays an essential part in the educational process. It is something that is exclusively yours and you have to take responsibility for what you get out of it. The academic staff will help, facilitate and finally assess your efforts, but the responsibility for the project is your own. An electronic copy of your project, assuming it 'passes', will be accessible in the College Library. Future students and other users will read it and it will appear under your name.

The benefit that you get from the project will depend on the nature of the project and will therefore vary. It is likely to include, however, some mix of the following:

  • a deeper understanding of some aspect of financial markets, industry, the economy
  • development of technical expertise in e.g. financial analysis, mathematical modelling, information technology, forecasting, computing
  • better understanding and better performance in the process of research. e.g. familiarity with sources and use of data, ability to evaluate and synthesise existing literature, present findings accurately, clearly and concisely. 

Of course, not all projects will provide all of these benefits, certainly not to the same degree and you will probably have strong views on what kind of benefit you want to emphasise when you select your project. 


Role

Course Leader

Markets and Securities - BS1023

Aims

This module firstly provides a broad overview of key financial markets; Stocks, Bonds and Derivatives.  Secondly, it introduces the concepts of risk and return and how diversification influences risk and return.

 

Role

Course Leader

Markets and Securities - BS0332

Aims

This module firstly provides a broad overview of key financial markets; Stocks, Bonds and Derivatives.  Secondly, it introduces the concepts of risk and return and how diversification influences risk and return.

 

Role

Lecturer