International Capital Markets: Generic Feedback on December Degree Exam

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ACCFIN5017, International Capital Markets: Generic Feedback on December Degree Exam

Generic feedback is written by markers to reflect on the performance of the class as a whole. It should be used to help you to understand your grade and how to improve your work. Students who, having reviewed their work and the feedback provided, should arrange to see the Course Coordinator/Lecturer during office hours if they require further feedback.

Feedback

Q1 (Joe Hillier):

Question 1 was about the use of technical analysis and Dow Theory and followed closely a tutorial question the students did during the semester. I was disappointed with the overall responses to the question with only a few students giving a good account of the topic. At the heart of the numerical section was the ability to calculate returns using a filter rule. A lot of students managed this for the buy and hold and for the positive buying and selling process but it was emphasised that investors will also try to exploit the short selling signals in the market, a lot of students missed this. The theoretical section could have been better with most students only giving short answers and a lot missing the opportunity to explain using emerging markets in their answer.

Q2 (Joe Hillier):

Question 2 was split into 3 parts, two numerical sections on valuation and one theory part on factors to consider when investing internationally. Most students answered this question well with the numerical parts being particularly well answered. The theoretical part of the question could have been better with a lot of students providing only short answers and very little discussion or commitment to agree or disagree. There were some students who did give a more complete answer and the overall average grade of C1, though disappointing, was a good reflection of the broad responses to the question.