You must take three compulsory modules in Semester 1. These are:
- Econometric Methods and Applications: advanced level training in econometric methods.
- Investment Analysis: investment value analysis, risk and return.
and one of:
- Macroeconomics: advanced treatment of the core models and concepts used in modern macroeconomics.
- Microeconomics: advanced treatment of the core models and concepts used in modern microeconomics.
In Semester 2, students take one compulsory module and can choose two optional modules from a selection of topics. The compulsory module is:
- Corporate Finance: investigates the relationship between corporate liabilities and corporate actions.
In your second semester, you will have the opportunity to choose two modules from a selection of topics. The assessment patterns for individual optional modules may vary from the assessment patterns for compulsory modules.
Examples of optional modules that may be offered include:
- Behavioural Finance: examines the effects of behavioural biases in financial markets.
- Corporate Governance and Risk: covers three key components: corporate governance, risk management, and financial management.
- Econometric Time Series Analysis: provides an advanced treatment of the core theory and practice of time series econometrics.
- Experimental Economics and Finance: focuses on the methodology of experimental economics and the dialogue between theoretical and laboratory-based empirical work.
- Game Theory: provides a thorough advanced treatment of the core models and concepts used in modern game theory.
- : focuses on the structure and mechanisms governing markets and on the way firms compete against each other in the pursuit of profit sation.
- Monetary Policy: studies key issues in monetary policy.
- Portfolio Theory and Management: studies key issues in asset allocation, and portfolio composition and management at an advanced level.
- Risk Management: teaches standard techniques in risk and insurance problems.
MSc Finance and Economics students may take up to one advanced undergraduate optional from the following in the second semester:
- Behavioural Economics
- European Macroeconomics
- Econometrics of Impact Evaluation
The topics, and therefore module titles, vary year on year as they reflect the research interests of staff. (see the University’s position on curriculum development).
The final element of the MSc is a 15,000-word dissertation. The dissertation should be on an area of either finance or economics that you are interested in, chosen in discussion with your supervisor who will support you through the process.
You will receive training in Semester 1 in framing a hypothesis, conducting bibliographic research, writing a literature survey, and structuring a dissertation.