ULSB Assessment Brief
EC7103 – C++ Programming for Finance – Coursework 1
Choose a financial problem of your liking and write a C++ programme to analyse. This first coursework will assess your knowledge of basic programming and the different types of variables, the definition and use of function, and the use and importance of flows of control in programming. Deadline: 12th February
Advice and Guidance:
The programme should have the following features:
1. The programme must contain at least one function.
2. The programme should include at least one conditional clause and a loop.
3. The programme should ask the user to introduce some information and show the results in the console.
4. The programme should be annotated with comments explaining what it does and what is the purpose of each function.
The following elements will be taken into account when assessing your coursework:
1. Relevance (20 marks): You should stress why your problem is important and need to be programmed.
Examples used in the lectures and seminars are not valid. Explain how your programme works using comments. Originality of the problem studied will be rewarded.
2. Structure (20 marks): The programme is well structured and easy to read. The ‘main’ function does not contain tasks that can be programmed in a function. No unnecessary steps are programmed and the programme is comprehensive (all possible cases are considered).
3. Use of functions (20 marks): Functions are appropriately declared and invoked. Arguments are defined adequately and no unnecessary arguments are declared. Correct use of arguments passed-by-reference if needed.
4. Efficiency (10 marks): All variables are declared to their correct type and no unnecessary variables are declared. Tasks are performed in the minimum number of steps.
5. Use of flows of control (10 marks): Loops and conditional clauses are appropriately used and defined. Their use is appropriately justified for the correct functioning of the programme.
6. Communication with the user (20 marks): The user should know what information should be entered and in which format for the programme to work. The output should be informative.
The programme should contain only tools covered up to lecture 4. You should upload your source file (file with extension .cpp) to Turnitin by the day and time indicated in the coversheet. This the first of a three-piece coursework. This piece of coursework is worth 25% of your total mark to the module.
Getting Started!
You can use the examples in the lectures and seminars as starting point, and reference to understand the use of the tools needed to solve this coursework. These examples considered in class, or any trivial modification of them are not valid problems to work in your coursework. You can find interesting problems in the textbooks of your current or past modules that you are taking during your degree. Interesting examples can be found in the following references (among others):
• Cuthbertson, K. and Nitzsche, D. 2004. Quantitative financial economics. Wiley.
• Hull, J., 2012, Options, futures and other derivatives, eighth edition, Pearson.
• Hull, J., 2015, Risk management and financial institutions, fourth edition, Wiley
Mark
Postgraduate Grade Descriptor
85-100%
Scholarship: Excellent application of a rigorous and extensive knowledge of subject matter; perceptive; demonstrates a critical appreciation of subject and extensive and detailed critical analysis of the key issues; displays independence of thought and/ or a novel and relevant approach to the subject; reveals both breadth and depth of understanding, showing insight and appreciation of argument.
Independent learning: Work draws on a wide range of relevant literature and is not confined to reading lists, textbooks or lecture notes; arguments are well supported by a variety of means.
Writing skills: Writing skills are excellent; writing is clear and precise; arguments are logical, well-structured and sustained, and demonstrate thorough understanding; conclusions are reasoned and justified by evidence.
Analysis: Work demonstrates a robust approach to analysis that is evident of a deep understanding of relevant concepts, theories, principles and techniques. For quantitative modules analysis is complete and entirely relevant to the problem.
70-84%
Scholarship: Very good application of a rigorous and extensive knowledge of subject matter; demonstrates a critical appreciation of subject; displays detailed thought and consideration of the subject; reveals very good breadth and depth of understanding.
Independent learning: Work draws on a range of relevant literature and is not confined to reading lists, textbooks or lecture notes.
Writing skills: Writing skills are well-developed; writing is clear and precise; arguments are logical, well-structured and demonstrate thorough understanding; conclusions are justified by evidence.
Analysis: Analytical steps carried out carefully and correctly demonstrating that it is based on a sound understanding. Analysis is relevant to the problem and is complete and is placed in a clear context.
60-69%
Scholarship: Good, broad-based understanding of subject manner; makes effective use of understanding to provide an informative, balanced argument that is focussed on the topic; reveals some attempt at creative, independent thinking; main points well covered, displaying breadth or depth but not necessarily both; broadly complete and relevant argument;
Independent learning: Sources range beyond textbooks and lecture material and are used effectively to illustrate points and justify arguments.
Writing skills: Arguments are presented logically and coherently within a clear structure and are justified with appropriate supporting evidence; capably written with good use of English throughout; free from major errors; complex ideas are expressed clearly and fluently using specialist technical terminology where appropriate.
Analysis: Some minor slips in the steps of the analysis and some minor gaps in understanding of underlying principles. Analysis is relevant to the problem and mostly complete. A good interpretation which conveys most of its meaning.
50-59%
Scholarship: Some but limited engagement with, and understanding of, relevant material but may lack focus, organisation, breadth, and/or depth; relatively straightforward ideas are expressed clearly and fluently though there may be little or no attempt to synthesise or evaluate more complex ideas; exhibits limited independent creative thought; adequate analysis but some key points only mentioned in passing; arguments satisfactory but some errors and perhaps lacking completeness and relevance in parts.
Independent learning: Sources restricted to core lecture material with limited or no evidence of wider reading.
Writing skills: The question is addressed in a reasonably clear, coherent and structured manner but some sections may be poorly written making the essay difficult to follow, obscuring key points or leading to over-generalisation; competently written with a good use of English throughout (few, if any, errors of spelling, grammar and punctuation). Answers that have merit class qualities may fall into this category if they are too short, unfinished or badly organised.
Analysis: Minor slips and occasional basic errors in analysis. Underlying principles are mostly understood, but clear gaps are apparent. Analysis falls short of completeness and is a little irrelevant in place but a reasonable interpretation which goes some way to convey its meaning
45-49%
Minimum requirements have not been met.
Scholarship: Inadequate understanding of key issues and concepts; some material may be used inappropriately; uninspired and unoriginal; relies on limited knowledge; analysis poor or obscure, superficial or inconsistent in places; arguments incomplete, partly irrelevant or naive.
Independent learning: Restricted to a basic awareness of course material and textbooks; meagre use of material to support assertions.
Writing skills: Poor use of English exhibiting errors. Answer may be poorly focussed on the question, lack rigour and/or consist of a series of repetitive, poorly organised points or unsubstantiated assertions that do not relate well to one another or to the question, although some structure discernible.
Analysis: Inadequate knowledge of the analysis to be followed, with frequent errors. Some attention paid to underlying principles, but lacking in understanding and frequently irrelevant. Some interpretation is given, but it does not place the analysis in any real context
40-44%
Scholarship: Poor knowledge of relevant material; omission of key ideas/material; significant parts may be irrelevant, superficial or factually incorrect; inappropriate use of some material; mere paraphrasing of course texts or lecture notes; key points barely mentioned; very weak grasp or complete misunderstanding of the issues; inclusion of irrelevant material; does not address the topic or question.
Independent learning: Restricted to a basic awareness or no awareness of course material and textbooks; very meagre use of supporting material or unsupported assertions; use of irrelevant or unconvincing material.
Writing skills: Unacceptable use of English (i.e. comprehension obscured by significant and intrusive errors of spelling, punctuation and grammar); poor and unclear, or totally incoherent, structure. Answers that ‘run out of time’ or miss the point of the question may fall into this (or a lower) class.
Analysis: Erroneous analysis with mistakes. Very little attention paid to the underlying principles of the analysis. Far from complete with little relevance to the problem. Limited interpretation that reveals little, if anything, about the meaning
20-39%
Scholarship: Displays a superficial appreciation of the demands and broad context of the question but is largely irrelevant, fundamentally flawed, or factually incorrect; inappropriate use of material; mere paraphrasing of course texts or lecture notes; key points barely mentioned; complete misunderstanding of the issues; inclusion of irrelevant material.
Independent learning: Restricted to a limited awareness of basic course material; unsupported assertions; use of irrelevant or unconvincing material.
Writing skills: Minimal structure, though may only list key themes or ideas with limited comment or explanation.
Analysis: Analysis has very significant omissions demonstrating little understanding of problem or underlying principles. Analysis may be ill suited to problem. Very little interpretation of meaning of the analysis.
0-19%
Scholarship: No recognition of the demands or scope of the question and no serious attempt to answer it. Complete misunderstanding of the issues; inclusion of irrelevant material. May have simply failed to address the question/topic set.
Independent learning: No evidence that the most basic course material has been understood; unsupported assertions; use of irrelevant or unconvincing material.
Writing skills: Without structure; comprehension may be completely obscured by poor grammar, spelling, punctuation.
Analysis: Virtually complete failure to carry out analysis. No evidence of understanding of underlying principles and bears no relevance to the problem. No attempt to interpret or explain the meaning of the analysis.