Financial Economics

MSc

Summary Information

Students learn to express original ideas in academic papers and to test them with the use of econometrics; study covers linear and dynamic linear regression models, and a wide variety of hypothesis tests and techniques for estimating systems of equations; techniques are illustrated with economic examples, such as models with rational expectations, as well as consumption, production and money demand functions.

Entry requirements

1st or 2nd Class Honours degree, or its equivalent, in either a directly relevant or a highly quantitative subject; or the institutes graduate diploma in economics or graduate diploma in finance; MSc students are expected to be competent with intermediate microeconomics and macroeconomics, multivariable calculus, linear algebra and statistics; non-EU students are encouraged to submit GRE or GMAT results, although these are not mandatory; relevant practical work experience is also taken into consideration; demonstrable qualities, such as good time management and the ability to cope under pressure, are vital.

Course modules

Preliminary/introductory modules take place in September and have to be passed in order to progress on to the programme. Core modules reinforce economic and financial theory with practical application. Option modules provide specialised modules with current themes. Core modules: quantitative techniques (preliminary courses in mathematical and statistical techniques); microeconomic theory (consumer and producer theory, general equilibrium, game theory, imperfect information and imperfect competition, market failures); financial markets and regulation (asymmetric information, bank runs, asset price bubbles, herding, monetary policy, bank supervision and regulation, corporate governance); econometrics (including an empirical project, which can be on a work-related topic); independent dissertation (to be completed over the summer); option modules: advanced econometrics; corporate finance; game theory; industrial economics; international macroeconomics; monetary economics and policy.

Qualifications