FM404 Half Unit
Advanced Financial Economics
This information is for the 2026/27 session.
Course convenor
Dr Antoine Hubert De Fraisse
Availability
This course is available on the MSc in Finance and Economics and MSc in Finance and Economics (Work Placement Pathway). This course is not available as an outside option to students on other programmes. This course uses controlled access as part of the course selection process. For information on controlled access courses, including eligibility, application processes, deadlines, and departmental contact details, please refer to the Controlled Access Courses webpage.
All students on a programme listed under the Course Availability will be given a place. The course is not capped.
Please contact finance.teachingmanager@lse.ac.uk with any queries.
This course does not permit auditing students.
Requisites
Co-requisites:
Students must complete FM436 either before taking this course or in the same year as this course.
Course content
Advanced Financial Economics provides an introduction to major questions in modern academic research in finance. The course focuses on how frictions in financial markets shape corporate financing and investment, financial intermediation, asset prices, and the macroeconomy. It examines selected topics in academic research, including information frictions, regulation, and government interventions in financial markets. The course is intended for students who are interested in how theoretical models and empirical tools can be used to better understand the causes and consequences of frictions in financial markets.
Additional information can be found on Moodle (for current students).
Teaching
30 hours of seminars in the Winter Term.
This course is taught in an interactive format. There is no distinction between lectures and classes/seminars; there are simply “sessions” where the pedagogical approach is always interactive.
Formative assessment
Regular problem sets.
Indicative reading
Lecture notes will be provided, and journal articles will be required to be read.
Assessment
Continuous assessment (100%).
Key facts
Department: Finance
Course study period: Winter Term
Unit value: Half unit
FHEQ level: Level 7
Total students 2025/26: 9
Average class size 2025/26: 9
Controlled access 2025/26: YesCourse selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.
Personal development skills
- Application of information skills
- Application of numeracy skills
- Specialist skills