Taught course

Financial Economics

Institution
The University of Manchester · Economics
Qualifications
MSc

Entry requirements

2:1 hons degree in Economics, Finance or related subject (eg Maths, Stats) or overseas equivalent. Candidates should have studied econometrics, microeconomics & macroeconomics, with at least one of these subjects in their final year of u/g studies. In addition to the normal supporting documents, applicants for the MSc Financial Economics must also supply the following: - A brief description of any econometrics/macro/micro economics/mathematics and statistics courses taken on their undergraduate degree, detailing core texts used. This does not have to be an official document. A paragraph for each course unit taken will be sufficient.

Months of entry

September

Course content

The goals of the Programme

The demand for highly skilled experts in financial economics continues to increase rapidly in the modern economy. This demand exists in the public sector (central banks, international organisations, academic institutions) and especially in the private sector (commercial banks and insurance companies). This course is designed to meet this demand for those students who seek a quantitative degree in financial economics, by combining a solid training in microeconomic and macroeconomic principles, as well as the quantitative methods and theory needed for the analysis of financial markets.

The subject of Financial Economics

Financial Economics is a fascinating area, having a history marked by outstanding achievements. A remarkable feature of this discipline is that its theoretical highlights (such as the Black-Scholes formula) turned out to be extremely important in practice. Fundamental ideas and tools of Financial Economics that were developed at the interface between Mathematical Economics and Finance created new markets essentially based on concepts suggested by academics. A central goal of the course is to demonstrate the use of these ideas and tools in contexts where they are indispensable and widely exploited. The course will expose students to quantitative techniques and theory that will be useful to any actor in the financial industry - a portfolio manager, risk management consultant, or financial analyst.

Module details
The program offers four core units in Semester 1 (Macroeconomics, Microeconomics, Econometric Methods, Mathematical Economics or Mathematical Methods in Economic Analysis) and in Semester 2 three core units (Mathematical Finance, Financial Economics, Financial Econometrics or Applied Macroeconometrics or Cross Section Econometrics) plus one optional module from a list of choices (e.g., Monetary Economics, Public Economics, and Economic Growth).

Information for international students

IELTS - Overall 7, writing score 7 TOEFL - Overall 623, TWE 5 (PBT) TOEFL - Overall 263, TWE 5 (CBT). This test is no longer available but results less than 2 years old can be submitted. TOEFL - Overall 100, with 25 in each of the 4 sections (IBT)

Fees and funding

http://www.manchester.ac.uk/postgraduate/funding/

Qualification and course duration

MSc

part time
24 months
full time
12 months

Course contact details

Name
School of Social Sciences
Email
pg-soss@manchester.ac.uk
Phone
0161 275 4471