Finance and Econometrics

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The aim of this programme is to take students with a prior knowledge of economics and/or mathematics and give them a thorough grounding in theoretical and applied finance. The course provides the essential postgraduate skills to those wishing to follow careers in applied or quantitative finance, as well as those wishing to pursue further research.

Compulsory core components:

* Advanced Microeconomics (Double Unit)
* Advanced Macroeconomics or International Macroeconomics
* Theory of Finance (Double Unit)
* Macro and Financial Econometrics
* Financial Markets
* Either Advanced Econometrics (Double Unit)
or Econometric Methods for Research (Double Unit)
* Mathematics for Economists (Not formally assessed)

In addition, students choose one optional unit from:

* Applied Microeconometrics
* Bayesian Statistics *
* Continuous-time Finance and Derivative Assets
* Corporate Finance
* Financial Market Microstructure
* Financial Statement Analysis and Security Valuation
* Multivariate Analysis *
* Political Economy from the General Equilibrium Point of View
* Portfolio Selection and Management
* Project
* Time Series

* - options offered by the Department of Mathematics.

Students may be allowed to take one or more of their optional units from the following courses in environmental economics offered by the Environment Department. Students wishing to do so must first ask their M.Sc. Director and the Environment Department's M.Sc. Director for permission, which is not automatic.

Compulsory core components:

* Advanced Microeconomics
* Advanced Macroeconomics or International Macroeconomics
* Theory of Finance
* Topics in Financial Econometrics
* Financial Markets
* Econometric Methods for Research

In addition, students choose ten credits of options from:

* Applied Microeconometrics
* Continuous-time Finance and Derivative Assets
* Corporate Finance
* Financial Engineering
* Financial Market Microstructure
* Financial Statement Analysis and Security Valuation
* Portfolio Selection and Management
* Project
* Time Series

Students may be allowed to take one or more of their optional units from the following modules in environmental economics offered by the Environment Department. Students wishing to do so must first ask their MSc Director and the Environment Department's MSc. Director for permission, which is not automatic.

* Environmental Economics
* Environmental Valuation

Minimum entry criterion is the equivalent of an upper second class degree primarily in economics with strength in econometrics from a UK university.English Language RequirementsThe department's normal English language requirements, are (a) an IELTS result of 6.5 or (b) a TOEFL result of 600 if paper-based, 250 if CBT and 100 if iBT, or (c) A, B, and C Cambridge Certificate of Proficiency in English.For those applicants who have already achieved an IELTS 6.0 and only need a 0.5 increase to make their offers unconditional, the University has approved a limited system of admission through satisfactory completion of the English for Academic and Research Purposes course (EARP1). The course is offered by the Centre for English Language Teaching and after successful completion of it and upon passing the end-of-course test, students will enter the Department directly and they do not need to re-take IELTS at the end of August. English Language Requirements IELTS band: 6.5 CAE score: (read more) Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IETLS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever. 80 (Grade A) TOEFL paper-based test score : 600 TOEFL iBT® test: 100 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.