MSc International Economics and Finance
This programme has been designed to meet the demand for a specialist postgraduate course in finance. It consists of two stages: a taught component and a research dissertation. A distinctive feature of the programme is that students will be given an international perspective in the role of finance and of monetary policy.
The behaviour of public and private sector organisations is significantly influenced by fluctuations in global financial markets. Individuals with a comprehensive understanding of financial theory and its interrelationship with international monetary policy are therefore in demand within this highly competitive sector.
The programme builds on the School's established research strengths in finance and economic with teaching informed by the Finance and Financial Economics research group. The group has members from both the Accounting and Finance and Economics subject groups of the Business School. The general research theme of the group is finance and financial services (banking, insurance, etc.), with a particular emphasis on risk management.
Who is the programme for?
The course is primarily aimed at those at graduate level with a pre-dominantly non-financial background but who are interested in a management career with a strong emphasis on finance. The programme provides an excellent preparation for work in portfolio fund management, financial services, banking, regulatory bodies, corporate finance and consultancy. Graduates from this programme have undertaken various roles including: a processing specialist; a financial trader; and a health economics research assistant (HESA DLHE survey).
Professional skill development
On a professional level, students will develop and be able to demonstrate the ability to:
- deploy the main analytical techniques in the area of finance and an advanced capability with some of these techniques
- critically assess the quality of the analytical data generated by these techniques, and to synthesise and present relevant data, conclusions and recommendations to both specialist and non-specialist audiences
- exercise responsibility and leadership in group projects
- apply, with originality and creativity, the knowledge, skills and understanding gained on the programme to complex issues within the finance and related industries
The programme is modular in structure, comprising 180 credits, which are studied on a full -time basis over 12 months.
All students will take the following compulsory modules (150 credits):
- Semester one:
- Research methods in international economics and finance (10 credits)
- Introductory econometrics (10 credits)
- Microeconomic theory (10 credits)
- International trade (10 credits)
- Semester two:
- International finance (10 credits)
- Macroeconomic theory (10 credits)
- Applied econometrics (10 credits)
- Modules taught in both semester one and two:
- Financial theory and corporate policy (20 credits)
- Students will take optional modules to a value of 30 credits from the following:
- International money and banking (10 credits)
- Time-series econometrics (10 credits)
- Behavioural finance (10 credits)
- Financial derivatives (20 credits)
- Central banking (10 credits)
- Cross sectional and panel econometrics (10 credits)
- Advanced topics in international trade (10 credits)
- Semester three:
- Dissertation (60 credits)
Modules will be offered subject to availability.
Applicants should normally hold an upper-second class degree (2:1 level) or international equivalent.
Mathematical education as a part of first degree and some basic background in economics is required. Applications need to demonstrate a firm grasp of basic calculus, probability theory and statistical inference. If this is not clearly evident from your transcripts, please use your personal statement to give details of your mathematical knowledge. For a clear idea of the maths and statistics we require you to have to gain entry onto this programme, please review these two modules: ECO1010 and ECO1007.
Every application is considered on an individual basis and applicants who narrowly miss the academic entry criteria may be eligible for admission at the discretion of the selector.
Applicants whose first language is not English require IELTS 6.5 or equivalent, with a minimum of 6.0 in all sub-scores. Pre-sessional courses in English language are provided by the University if required and successful completion of these may be a condition of entry.
This school offers programs in: