This course explores current theories, while providing you with research training and the core skills and techniques needed for analytical work on financial markets.
The last two decades have seen a dramatic change in the economic theory of financial markets. This course is influenced by the work of academics at the Centre for Finance, Credit and Macroeconomics (CFCM), which focuses on issues arising from the operation of financial markets, household debt and corporate finance. It also investigates the transmission mechanisms of monetary policy through credit channels, particularly when credit is constrained.
Building on the core Economic Theory module, this course provides specialist modules on financial economics and financial econometrics. There is also the opportunity to select modules in decision-making under Risk and Uncertainty, Options and Futures Markets, and Behavioural Finance.
You will be trained in the use of analytic and quantitative methods in examining economic issues, and will be provided with research training at the level required to progress to a PhD.
At the end of the course, you will be able to read and understand current and classic research papers in the field of financial economics, and will have received one-to-one guidance to enable you to complete your first finance research project.
Dual degree option
The school has professional links with the University of Konstanz and the University of Tübingen in Germany. If you complete the taught component of this course, you can transfer onto our dual degree and spend a second year in Konstanz or Tübingen. This is a great opportunity to travel abroad and study at a highly ranked university in beautiful parts of Germany.
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This course comprises 120 credits of core and optional modules, plus a 60-credit dissertation on a subject of your choice. You will receive one-to-one support from an expert academic supervisor, and methodological and practical guidance through our Economic Research Methodology module.
In semester one, you will take modules in microeconomic theory, macroeconomic theory, econometric theory and economic data analysis.
In semester two, you will take two further required modules in economics of household finance and economics of corporate finance. You will also start work on your dissertation by taking a module in economic research methodology, and choose two optional modules from a wide range.
After completing your semester two modules, you will undertake a 15,000-word supervised dissertation which will demonstrate familiarity with a particular area of financial economics.
Modules are assessed by a combination of exams and coursework at the end of the relevant semester.
2:1 (or international equivalent) in a discipline with significant economics content
English language requirements
IELTS: 6.5 (no less than 6.0 in any element)
After completing this course, you will be equipped with core skills and techniques for analytical work on financial markets. It is particularly relevant if you wish to pursue research at PhD level, providing an excellent stepping stone into a research career.
A masters in economics provides a logical and rigorous perspective on human behaviour which is valued by a wide-range of employers around the world, in banking, business, consulting, government and academia.
Former MSc students are spread around the globe, working in academia, government and the private sector. Economics graduate destinations include Barclays, Bloomberg, Deloitte, Economist Intelligence Unit, Goldman Sachs, IBM, PwC, and Thomson Reuters.
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