学术要求：A 2.1 degree in Economics; Finance; Mathematics; Statistics; Physics; Engineering; or an equivalent qualification from overseas. All applicants would be required to have a minimum background in mathematics or statistics and economics or finance. However a strong background in mathematics or statistics could be a substitute for the required background in economics and finance.

英语要求：•  IELTS: 6.5 (min 6 in all areas)
•  TOEFL Paper test: 580 (TWE 4.5)
•  TOEFL Internet test: 92 (R20, L20, S20, W20)
 

学费 Tuition Fee：2011/2012   £13,860

 

This MSc programme focuses on the financial decision making and financial analysis appropriate for the understanding of financial markets and institutions, and is particularly attractive to those students whose career choices are likely to lie in the financial sector.
The course also provides a sound foundation for those interested in continuing with research towards a PhD, and former students are now working as academics at institutions including the Australian School of Business, Glasgow University and Oslo Business School.

 

Modelling Financial Decisions and Markets
This unit provides a firm foundation in the theory and practice of econometric modelling of financial decisions and markets. The first half of the course is mainly theoretical, with examples of academic and professional applications used to illustrate and elucidate; the second half reverses the emphasis. The emphasis throughout is on the rationale of the econometric methods analysed and their use in practical applications.

Advanced Financial Theory and Corporate Policy
This unit provides a rigorous grounding in the theory and practice of corporate finance. This is achieved by giving particular attention to testable propositions and to the literature that has developed empirical tests of fundamental elements of modern finance theory.
 

Dissertation
Recent examples of dissertations by students taking this course include:
•Modelling and forecasting stock market volatility; a case study of FTSE-100 and DAX-30
•Financial accounting data and their relevance in the biotech industry
•The effect of financial liberalisation on the interest rate spread; the case of Greece

Elective Modules (three from)

Financial Engineering
This unit covers the theory and practice of financial engineering, with an emphasis on the pricing and hedging of derivative securities. The contents will encompass the definitions of the major classes of derivative instruments (futures, options, swapts), their use in complex deal structuring, their uses in risk management, and the mathematical theory of their valuation. The course will include coverage of interest rate modelling and exotic options.

Money and Banking
This unit explores the links between money, financial intermediaries and the economy. In particular, the unit seeks to address the following questions: Can monetary policy be used to affect real economic variables? What are the possible sources of non-neutrality of money? How do monetary authorities conduct monetary policy? Why do capital markets sometimes fail to allocate credit efficiently? Can banking institutions improve the efficient allocation of credit? The unit investigates whether, in the light of recent banking failures, there is scope for tighter regulation and/or supervision. The latest developments in international banking are also discussed.

Financial Accounting
This unit provides a critical review of the principles that underpin accounting standards in the UK, at the Financial Accounting Standards Board in the US, and at the International Accounting Standards committee.

Development Finance
This unit provides an in-depth examination of the finance-growth relationship. Theoretical models and empirical evidence relating to the role of financial factors on the growth process will be discussed. The concepts of financial repression / liberalization and the role of financial sector policies in promoting the development of the financial sector itself as well as savings, investment and growth will be examined with particular emphasis on developing countries.

 

All modules are assessed by a combination of coursework and final examinations. Students who successfully complete the taught part of the course can proceed to the dissertation stage. Students are expected to work on their dissertation in the summer and to submit the final draft in mid-September.