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10
2a
P-LN1J
2b
MSc
2c
1 year full-time
2d
23 September 2024
2e
2f
University of Warwick
3a
MSc Finance and Economics explores the most advanced tools in finance and allows you to use your economics background as a springboard to increase your career options. Learn from two of the University of Warwick’s departments: Warwick Business School and the Department of Economics.
3b
This course is ideal for you if you already have a strong grounding in economics, are highly numerate, and want to learn to apply your knowledge to finance. You will be considering jobs in the City or in the capital markets of your own country, in areas such as asset management, corporate finance, trading, financial regulation, and economic and financial consulting and central banking.
As the anticipation of jobs being challenged by Artificial Intelligence becomes a reality, we aim to share the skills and depth of understanding needed to design, develop, and supervise these new forms of financial intelligence.
In line with the CFA curriculum we have launched a module on Ethics, Financial Regulation and Corporate Governance, offering you the opportunity to study with a European business school partner.
WBS and the Department of Economics benefit from excellent links to key financial institutions and employers, and this course has benefited from industry recommendations.
Skills from this degree
- Gain a deep insight into both Finance and Economics, with faculty from two top academic departments
- Develop your industry acumen by accessing our CareersPlus service with specialist careers coaches
- Become a specialist via your elective modules.
3d
Lectures introduce key theories, concepts and economic models. In classes, you will solve financial problems and numerical exercises, analyse case studies and make presentations. Modules are taught by staff from both WBS and the Department of Economics at Warwick through a combination of lectures, classes and computer lab sessions.
3e
The typical class size for this course is around 30 students.
3f
Students on this MSc will typically receive between 26 and 30 contact hours per module.
3g
Assessment is a mix of exams and coursework with your 6,000 word dissertation bringing all your learning together at the end.
Your dissertation
A 6,000 word dissertation gives you the opportunity to test and apply techniques and theories you have been learning and to complete an original piece of research. You will be supervised and supported by one of our academic staff or Teaching Associates from Warwick Business School or the Department of Economics and will usually submit your dissertation in early September.
Your timetable
Your personalised timetable will be complete when you are registered for all modules, core and optional, and you have been allocated to your lectures, seminars and other small group classes. Your core modules will be registered for you and you'll be able to choose your optional modules when you join us.
There may be events taking place in the evenings. Classes may run up to 7pm and other events, such as careers presentations may take place later or on Saturdays. Occasionally, classes and exams may be held on Saturdays. We will notify you in advance if this is the case.
This is a full-time course, so there are no holidays as such. However, the two weeks covering Christmas and New Year are guaranteed to be free from lectures. There may also be weeks free over the Easter period (check with your programme team). Resit exams may take place outside of standard teaching periods.
4a
A 2:1 or first (or equivalent) achieved in a relevant subject at Undergraduate level. You will need strong mathematics and statistics or econometrics ability, you must have taken courses in microeconomic and macroeconomic theory at an intermediate level.
4b
- Band B
- IELTS overall score of 7.0, minimum component scores of two at 6.0/6.5 and the rest at 7.0 or above.
We accept a range of language tests. Please refer to our website for more detail.
4c
There are no additional entry requirements for this course.
5a
Asset Pricing
Explore the fundamental relationships between investors’ decision-making in the presence of uncertainty (“risk”) and the cross-sectional and inter-temporal properties of prices and returns of financial assets.
Corporate Financial Management
Gain an MSc-level knowledge of concepts and issues in Corporate Financial Management that enables you to solve general problems in the field.
Econometrics
Gain thorough training in econometrics with an emphasis on empirical modelling of economic and financial data.
Empirical Finance
Gain an understanding of the theory and practice of financial econometrics and the tools for the empirical analysis of financial time series and their application.
Macroeconomics
By the end of this module you will be familiar with and will have a strong grasp of contemporary macroeconomic theory and policy.
Microeconomics
Gain a graduate-level review of some aspects of microeconomics.
Ethics, Financial Regulation & Corporate Governance
This module has been designed to give you a deep and comprehensive understanding of ethics in everyday life, in business life, and in the working life of a financial professional.
Dissertation
A 6,000 word dissertation gives you the opportunity to test and apply techniques and theories you have been learning and to complete an original piece of research.
Research Methodology
The module aims to equip you with cutting-edge research methods alongside other programming skills and access to relevant data sources. You will be provided with training in programming and data handling from the very beginning of the course, to ensure that you have the required skills when needed for workshops and assignments in the core modules.
5b
Alternative Investments
Gain the insights needed to make well-informed decisions with regard to today’s complex investment management environment.
Behavioural Finance
Study financial markets using models that are less narrow than those based on Von Neumann-Morgenstern expected utility theory and arbitrage assumptions.
Big Data Analytics
This module will cover a wide range of cutting edge research in Big Data Analytics, with a particular focus on the extensive value of data from the Internet, much of which is freely available if you have the skills to mine it.
Derivative Securities
Develop an in-depth understanding of the characteristics of different classes of derivative securities.
Financial Reporting & Financial Statement Analysis
Learn how to interpret financial statements in context and apply appropriate models and techniques for company valuation and related business issues.
Financial Risk Management
Gain an understanding of the need for financial risk management, the techniques to measure financial risks according to the regulatory framework, and tools for the management of risk exposure.
Fixed Income & Credit Risk
Get to grips with the tools for the assessment and management of fixed income and credit risk.
International Financial Management
Extend your knowledge and understanding of the fundamental concepts of international finance, with an emphasis on the operation of the spot and forward foreign exchange markets.
Judgement & Decision Making
Gain an introduction to the psychology of human judgement and decision making.
Mergers & Acquisitions and Corporate Control
This module will introduce you to the basic issues in mergers and acquisitions from corporate finance point of view.
Practice of Investment Management
Gain a realistic experience of the responsibilities involved in managing money for clients.
Behavioural Economics
Learn about the main theoretical and empirical debates and concepts in Behavioural Economics.
Labour Economics
During this module you will develop skills in combining theoretical models and empirical results to address policy issues related to employment, unemployment and wages.
Topics in Public Finance
The purpose of the module is to understand the role of the government through expenditure and taxation, as well as develop an idea on topics such as externalities and the political economy.
Development Economics
Gain the analytical tools and the knowledge to study and understand aspects of economic development in developing countries.
Topics in Applied Macroeconomics
Gain the ability to discuss, critically evaluate and recommend policy options in various areas of macroeconomics.
Topics in Applied Microeconomics
Gain the ability to understand, discuss, and critically evaluate microeconomic policies.
Topics in Global Finance
This module is a challenging technical course. It covers advanced topics in global finance and aims to equip you with a variety of theoretical and econometric tools to understand current events in the global economy and to analyse policy responses.