
MSc Economics and Finance
Lincoln, United Kingdom
DURATION
1 Years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
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EARLIEST START DATE
Jan 2025
TUITION FEES
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STUDY FORMAT
On-Campus
Introduction
MSc Economics and Finance at Lincoln aims to provide students with a thorough grounding in many of the key concepts, modelling approaches, and research methods deployed in current mainstream economics thinking, which also have important applications within finance.
Intended for graduates in economics-related subject areas who are looking for an advanced programme to enhance their career or explore further research opportunities, the course aims to fuse quantitative methods and advanced economic theory with relevant finance topics.
The course can provide students with the opportunity to analyse the current dynamic environment within the context of appropriate contemporary theory and research. With appropriate levels of sophistication, they can develop the tools and frameworks to analyse issues. Through this process, students can acquire skills that will better enable them to explore and analyse new issues as they emerge.
The aim is to prepare graduates for a career as an economist in fields such as the investment banking industry, international or government organisations, and research roles. By featuring strong research and enquiry skills, it also aims to help those wanting to progress to a PhD.
Prioritising Face-to-Face Teaching
At the University of Lincoln, we strive to ensure our students’ experience is engaging, supportive, and academically challenging. Throughout the Coronavirus pandemic, we have adapted to Government guidance to keep our students, staff, and community safe. All remaining Covid-19 legal restrictions in England were lifted in February 2022 under the Government’s Plan for Living with Covid-19, and we have embraced a safe return to in-person teaching on campus. Where appropriate, face-to-face teaching is enhanced by the use of digital tools and technology and may be complemented by online opportunities where these support learning outcomes.
We are fully prepared to adapt our plans if changes in Government guidance make this necessary, and we will endeavour to keep current and prospective students informed.
"This information was correct at the time of publishing (July 2023)"
Admissions
Scholarships and Funding
Several scholarship options are available. Please check the university website for more information.
Curriculum
How You Study
The MSc in Economics and Finance is a one-year master's course combining advanced study and research. Not only is there an opportunity to acquire a deeper understanding of economic theory but also it places particular emphasis on economic coverage of financial themes.
The course features two economic theory modules, two finance, and two econometrics modules. Each candidate will take eight modules and write a dissertation. The dissertation will give students the chance to work with one of the department's experienced lecturers on a selected topic and apply their knowledge to a specific problem.
Skills and models embedded in this programme include: international trade; flexible and fixed exchange rates; assets and exchange rates; output, exchange rates, and macroeconomic policies in the short run; closed economic equilibrium; consumer theory; consumption dynamics; investment; real-business-cycle models; game theory; and information economics.
The quantitative methods provided in econometrics include: instrumental variables and two stage least squares; method of moment estimation; simultaneous equations models; forecasting; and panel data modelling.
Applied Econometrics for Economics and Finance (Core)
This module aims to illustrate the further techniques of empirical investigation in economics by using real-world empirical applications in the fields related to economics and finance. The topics covered will reflect the development of contemporary applied econometrics. It can also advance students analytical skills of using econometrics software and packages that are essential for students who wish to pursue a professional career in economics, finance or related disciplines.
Applied Economic Issues (Core)
In the spirit of student as producer, the aim of this module is to inculcate the student in the enquiry process with the production of a short piece of original research being the outcome. Students will be applying a certain range of methods and tools that they might be expected to undertake as practitioners. To add a further real-world dimension, this is to be undertaken collaboratively.
Dissertation and Research Design for Finance (Core)
The dissertation provides the opportunity to demonstrate the ability to reflect critically on the aspects relating to their Master's programme. The vehicle will be the researching and writing of a dissertation, based on the methods delivered in the pre-requisite QM modules. The dissertation is the capstone of the Master's learning process and allows the student to demonstrate mastery in scholarship of a programme related topic that they have selected in amalgamation with supervisory tutors.
Econometrics for Economics and Finance (Core)
This module builds upon the principles and methods of statistics and introduces classical econometric modelling by using cross-sectional and panel data. It also aims to equip students with analytical skills of using econometrics software and packages that are essential for students who wish to pursue a professional career in economics, finance or related disciplines. Real-world data will be used in this module to facilitate learning and to develop problem-solving skills.
Financial Technology (Core)
This module aims to provide students with an understanding of the major areas of Financial Technology, the ability to understand blockchain technology, and why so many firms are implementing the technology, as well to reflect on the history, behaviour, and impact cryptocurrencies have had on the financial sector. Students will gain a broad appreciation of recent developments in FinTech, including money and payment, digital finance, alternative finance and, importantly, FinTech regulation.
Monetary Economics (Core)
The module aims to develop understanding of why monetary policy matters, what central banks can do to improve the financial markets and economic performance through the use of conventional and unconventional monetary policy instruments and when monetary policy decisions may be impotent. It also aims to help students to gain skills of economic analysis to the conduct monetary policy under uncertainties considering recent the global financial crisis.
Topics in Macroeconomic Theory (Core)
The module covers the fundamental models in the economic growth and key macroeconomic issues in the field of modern macroeconomics. The emphasis will be on learning theoretical concepts and analytical techniques, as an aide to understanding contemporary macroeconomic problems. The deterministic growth models will be used to shed light on the often mysterious process of economic growth at both world and country levels, as well as on income and growth differences across countries.
Topics in Microeconomics (Core)
This module presents the techniques necessary to analyse microeconomic problems on an advanced level. During this module students will study how and under what conditions markets and market-clearing prices achieve an efficient allocation of resources, the distributional properties of the market equilibrium and the role of the government, and problems of asymmetric information. The module provides the foundation for advanced modules in International Trade, Industrial Organisation, Behavioural Economics as well as for the micro-foundations of macroeconomic models.
Program Outcome
How You Study
The MSc in Economics and Finance is a one-year master's course combining advanced study and research. Not only is there an opportunity to acquire a deeper understanding of economic theory but also it places particular emphasis on economic coverage of financial themes.
The course features two economic theory modules, two finance, and two econometrics modules. Each candidate will take eight modules and write a dissertation. The dissertation will give students the chance to work with one of the department's experienced lecturers on a selected topic and apply their knowledge to a specific problem.
Skills and models embedded in this programe include: international trade; flexible and fixed exchange rates; assets and exchange rates; output, exchange rates, and macroeconomic policies in the short run; closed economic equilibrium; consumer theory; consumption dynamics; investment; real-business-cycle models; game theory; and information economics.
The quantitative methods provided in econometrics include: instrumental variables and two stage least squares; method of moment estimation; simultaneous equations models; forecasting; and panel data modelling.
Program Tuition Fee
Career Opportunities
This course can provide the skills needed for those wanting to work as a professional banker, or in a financial institution, business, commerce, international agencies, and other similar organisations. It is also suitable for students wanting to progress to a PhD.
Program Admission Requirements
Show your commitment and readiness for Grad school by taking the GRE - the most broadly accepted exam for graduate programs internationally.