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MSc in Finance and Economics

Programme Code: TMFIEC

Department: Finance

For students starting this programme of study in 2018/19

Guidelines for interpreting programme regulations

Classification scheme for the award of a taught master's degree (four units)
Exam sub-board local rules        

Academic-year (10 month) programme. Students must take three compulsory full-unit core courses and two optional half-unit courses. All students must submit a 6,000 word dissertation in one of the optional courses and take a two-hour examination in the other. Students are also required to attend EC400 Introductory Course in Mathematics and Statistics.

Please note that places are limited on some optional courses. Admission onto any particular course is not guaranteed and may be subject to timetabling constraints and/or students meeting specific prerequisite requirements.


Course number, title (unit value)

Introductory Course

EC400 Introductory Course in Mathematics and Statistics (0.0) #

Paper 1

EC411 Microeconomics (1.0) # or


EC4B5 Macroeconomics for MSc F&E (0.5) # and EC4B6 Microeconomics for MSc F&E (0.5) # * A


With the approval of the Programme Director, students who have already completed the equivalent of EC411 in their prior studies may be permitted to take the following course instead:


EC413 Macroeconomics (1.0) #

Paper 2

FM436 Financial Economics (1.0) #

Paper 3

FM437 Financial Econometrics (1.0) #

Paper 4

Courses to the value of 0.5 unit(s) from the following, to be assessed by examination:


FM404 Forecasting Financial time Series (0.5) #


FM405 Fixed Income Securities and Credit Markets (0.5) # B


FM406 Topics in Portfolio Management (0.5) #


FM408 Financial Engineering (0.5) #


FM409 Risk Management in Financial Markets (0.5) #


FM412 Quantitative Security Analysis (0.5) #


FM421 Applied Corporate Finance (0.5) #


FM438 Advanced Asset Pricing (0.5) #  (withdrawn 2018/19)


FM476 Entrepreneurial Finance (0.5) #


AND courses to the value of 0.5 unit(s) from the following, to be assessed by dissertation (please note that a course cannot be selected from this list of the course with the equivalent title has already been selected from List 1):


FM4T1 Forecasting Financial Time Series - Dissertation (0.5)


FM4T2 Applied Corporate Finance - Dissertation (0.5)


FM4T5 Portfolio Management - Dissertation (0.5)


FM4T6 Topics in Portfolio Management - Dissertation (0.5) #


FM4T8 Financial Engineering - Dissertation (0.5)


FM4T9 International Finance - Dissertation (0.5)


FM4U1 Fixed Income Markets - Dissertation (0.5)


FM4U2 Quantitative Methods for Finance and Risk Analysis (Dissertation) (0.5)


FM4U3 Advanced Asset Pricing Dissertation (0.5)  (withdrawn 2018/19)


FM4U4 Quantitative Security Analysis - Dissertation (0.5)


FM4U5 Fixed Income Securities and Credit Markets - Dissertation (0.5)


FM4U9 Risk Management in Financial Markets - Dissertation (0.5)

Additional course

The following course is not for credit and can be taken in addition to courses to the value of 1.0 unit selected from Paper 4:


FM457 Applied Computational Finance (0.0)

Prerequisite Requirements and Mutually Exclusive Options

* means available with permission


A : Students may, with the approval of the Programme Director, Associate Programme Director and relevant Course Leaders, take half-units in Macroeconomics and Micreconomics, instead of the full unit EC411, Microeconomics. Students must meet the relevant pre-requisites for the Macroeconomics half unit.

B : Students must have completed either Asset Markets (FM423) and Corporate Finance (FM422), or Financial Economics (FM436)

# means there may be prerequisites for this course. Please view the course guide for more information.

The Bologna Process facilitates comparability and compatibility between higher education systems across the European Higher Education Area. Some of the School's taught master's programmes are nine or ten months in duration. If you wish to proceed from these programmes to higher study in EHEA countries other than the UK, you should be aware that their recognition for such purposes is not guaranteed, due to the way in which ECTS credits are calculated.

Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the graduate summary page for prospective students. Changes to course and programme information for future academic sessions can be found on the graduate summary page for future students.