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lse.ac.uk/finance
UCAS code: N300
Programme requirement: A level Mathematics is required. A level Economics is not essential. Further Mathematics taken at A level is strongly preferred. Further Mathematics will be seen as a fourth subject because a combination of Mathematics, Further Mathematics and one other subject is not seen as providing the required breadth of knowledge and skills. No other specific subjects are required at A level, but we prefer traditional academic subjects rather than subjects such as Communication Studies, Accounting, Business Studies or Media Studies
Usual standard offer: For students taking three A levels: grades A*A A with an A* in Mathematics. For students taking four or more A levels: grades A*A A plus a pass in a fourth A level, with an A* in Mathematics. Students taking Further Mathematics to AS level only, will be required to achieve grade A
International Baccalaureate: Diploma with 38 points including 7 6 6 at Higher level (with 7 in Mathematics)
Other qualifications are considered
For further details, see lse.ac.uk/ug/apply/fin
Applications 2015: New programme for 2016
First year students 2015: New programme for 2016
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First year:
(* half unit)
Second year:
Third year:
Please note that not every course is available each year and that some courses may only be available with the permission of the course convenor and/or may be subject to space.
You can find the most up-to-date list of optional courses in the Programme Regulations section of the current School Calendar.
You must note however that while care has been taken to ensure that this information is up to date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to exceptional circumstances or events outside of its control. You must also note that places are limited on some courses or programmes of study and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the lse.ac.uk/cal/ug/updates page.
Programme details
First year
In the first year you will take compulsory introductory courses in economics, mathematics and statistics.
Introduction to Finance and Elements of Financial Accounting introduce students to the preparation, uses and limitations of accounting information and to the core issues in finance and investment.
Economics A or Economics B is an introductory course in microeconomics and macroeconomics. Elementary Statistical Theory provides a precise and accurate treatment of introductory probability theory, statistical ideas, methods and techniques. Mathematical Methods is an introductory-level ‘how to do it’ course designed to prepare you for using mathematics seriously in the social sciences, or any other context.
Second and third years
The second year examines the principles of financial markets and corporate finance, macroeconomics, microeconomics, econometrics, and the history of financial markets.
Principles of Finance examines companies’ longer-term investment decisions, and the ways in which these may be financed in the financial markets. Microeconomic Principles I is an intermediate course in microeconomic analysis. You have the choice of Introduction to Econometrics, which aims to present the theory and practice of empirical research in economics. Financial Systems and Crises covers the historical development of financial markets and institutions, including the evolution of banking and financial exchanges and their regulation. Macro-Finance studies the relationship between financial markets and the macro-economy.
In the third year there are six more core courses, plus a final unit which students can choose from a selected list of relevant courses offered outside the Department. Market Anomalies and Asset Management will examine the extent to which financial markets are informationally efficient and analyse portfolio optimisation techniques and how performance can be measured. Theories of Corporate Finance examines the theory and evidence concerning major corporate financial policy decisions, focusing particularly on the firm's decision to finance with debt vs equity, the impact of taxes on such decisions, and the role of dividends.
Risk Management and Modelling will develop the fundamental concepts of how to deal with risk, such as value at risk, portfolio management, hedging and risk measurement. Derivatives will explore the theoretical foundations of financial derivatives on a variety of asset classes, including bonds, stocks, commodities and currencies. Applied Corporate Finance will illustrate and extend the corporate finance topics previously learnt with a range of case studies. Advanced Asset Markets will cover the modern theories of asset valuation.