Starts 21st September 2015
Lasts for 12 months
We require at least an upper second class Honours degree or equivalent
Tuition fees: £6,345 (UK/EU), £15,990 (Rest of the world)
The MSc in Financial Economics addresses the issues of analysis and management of risk and uncertainty in relation to all of the financial markets.
The programme is designed for people who are looking for careers as professionals in the finance sector, for example stockbroking, investment banking or financial analysis. The programme gives a solid quantitative foundation for careers in the private and public sector.
The programme helps you to understand, analyse and solve economic problems faced by government agencies, central banks, financial institutions and industry.
Usually, students will have had undergraduate training in economics, finance or a quantitative discipline and finance, or financial engineering.
Students follow modules which cover the working of the markets for bonds, stock currencies and derivatives (futures and forwards, options and swaps). Much of the material is very challenging analytically and sometimes technically, but attention is given at all times to the practical questions of how to interpret financial data for research purposes, how to identify and exploit trading opportunities and how to measure and manage risk.
The School's Trading Room gives students the practical experience needed to fully understand the Stock Exchange. Students are offered the opportunity to gain a professional Thomson Reuters Certification qualification, free of charge, putting them ahead in the career marketplace.
"Undergraduates with an Economics background (or similar) would definitely feel that it is like tailor-made programme"- Qing Miao, MSc Financial Economics graduateRead more about Qing's time at Cardiff Business School
Students follow four core modules in the first semester and three core modules and one elective module in the second semester.
This module provides a solid understanding of macroeconomic analysis and its application to monetary and financial issues. Topics covered include:
This module provides a solid understanding of microeconomic analysis and its application to the analysis of uncertainty. Topics covered will include:
This module introduces students to the fundamental concepts and issues in modern finance that are of concern to all those involved in making financial decisions. Students will learn how to appraise capital investments, how to value various securities such as bonds, stocks, futures and options and understand alternative asset pricing models.
This module provides theoretical and practical training in mathematical and econometric methods and their application to monetary and financial problems. Topics covered include:
This module is taught so that material will be accessible to any reasonably numerate student. The emphasis is on teaching students how to conduct practical quantitative research projects for themselves.
This module reviews advanced topics relating to the financing of corporate investments and corporate restructuing. The module examins the main issues relating ot the financing of corporate investments when the assumptions underlying perfect capital markets are not upheld.
This module aims to give an overview of the application of econometrics to the study of financial decision making. Topics include:
The use or misuse of financial derivatives has been responsible for past financial controversies. This module aims to provide an introduction to the pricing of the major derivative securities and to introduce how derivatives can be employed in the management of financial risk.
and one from the list below:
This module provides training in the economic underpinnings of the financial issues which affect developing countries. Topics include:
This module provides training in the methods of forecasting used in commercial enterprises. It also introduces the methods of macroeconomic forecasting. Topics include:
This module is recommended only for those students who have an undergraduate background in economics.
This module is concerned with the financial operations of enterprises in the foreign exchange market. It provides an analytical background for the evaluation of the mainstream theories of exchange rate determination and links these to domestic and international macroeconomic policies. Topics include:
This module will examine all the main aspects of international trade. Starting with neo-classical trade theory, the module then moves on to look at the new trade theory, which emphasises economies of scale and imperfect competition, then analyses strategic trade policy.
Finally, the module will focus on firms within the global economy, and the extent to which the actions of multinational enterprises can influence trade and growth.
This module will provide you with knowledge of investment valuation and trading in the financial markets. In particular, you will learn methods of investment valuation and how they relate to practice.
The module will also enable you to understand modern electronic trading, both in theory and in a simulated trading environment. The module makes use of the School’s Trading Room.
This module provides an advanced training in finance suitable for students with a background in mathematics and other quantitative disciplines. Topics will cover:
This requires students to produce a 15,000 - 20,000 word dissertation.
The taught component of the programme is examined by both assessed work and university written examinations which are held at the end of each semester. The assessed work would be one of:
Candidates who satisfy the examiners will proceed to the project stage of the programme and prepare a dissertation.
Graduates should find employment as specialists in financial institutions, corporate treasury departments, central banks and local government.
Cardiff Business School,
Phone: +44(0)29 2087 6013
Fax: +44 (0)29 2087 4419