Economics and Finance MSc

Entry requirements:
2:1 +
Full-time:
1 year
Part-time:
Not available
Start date:
October 2018
UK/EU fees:
£12,850
International fees:
£19,500
Location:
Loughborough

Achievements

8th

for in UK Economics

The Times and Sunday Times University League 2017

Top 1%

of business schools in the world to hold AACSB, EQUIS and AMBA accreditation

75%

of our Business and Management research is rated as 'world leading' or 'internationally excellent'

REF 2014

Overview

Our MSc Economics and Finance programme will provide you with the capability to apply modern macroeconomic, microeconomic and econometric methods in order to assess and shape organisational, government and financial policy.

Our MSc Economics and Finance programme is designed to equip you with the key skills of a professional economist, for careers in banking, finance government (central banking, treasury, etc.), international organisations, business, management consultancy, economic consultancy, and for higher awards by research. You will study economic theory and policy, the actions of governments, firms, households and intermediaries in national and global money, bond and foreign exchange markets.

You will examine both the microeconomic impacts for firms and the macroeconomic implications for the global economy, and will develop advanced theoretical and quantitative skills – highly sought after by employers in financial services and government – as well as transferable skills that will be of value in a range of other business and policy sectors.

You will also be able to sharpen your practical skills by completing a research project that allows you to apply your knowledge of economics and finance.

What makes this programme different?

  • Scholarships available for the best candidates
  • Opportunity to complete a research project
  • Develop the key skills of a professional economist

Who should study this programme?

Our MSc Economics and Finance programme is ideal for graduates interested in careers in banking, finance government (central banking, treasury, etc.), international organisations, business, management consultancy, economic consultancy, and for higher awards by research.

An honours degree (2:1 or above) or equivalent overseas qualification in economics, finance, business, management, management science, operations research, or related disciplines. Applicants from other disciplines will also be considered provided that your degree includes at least introductory modules in economics and an introduction to quantitative subjects such as calculus and statistics.

See our full list of International Qualification Equivalencies for all countries. Degrees must be obtained from a university or institution recognised by Loughborough University. Please contact us to clarify if required.

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

IELTS: overall 6.5 with minimum 6.0 in each component. The School will accept lower IELTS scores if you undertake the University's pre-sessional English course. TOEFL with an overall score of 92, and no sub-test score below 22.

See full list of English language qualifications we accept, with full details on each.

What you'll study

The modules on our Economics and Finance MSc programme are designed to equip you with the appropriate tools to allow you to understand and analyse contemporary issues in economic policy.

Modules

This programme covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module.

Semester 1

This module covers the fundamental concepts of financial economics, and teaches students how to model investor behaviour under conditions of uncertainty. Students learn how to apply and interpret asset pricing models and evaluate capital market efficiency.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module provides an introduction to important topics in microeconomic theory that are relevant for applications such as banking, finance and business. Students are provided with a grounding in the analytical methods required to understand the topics taught in the optional modules.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module teaches macroeconomic theory and models, with applications to the financial system and markets. Students learn about the role of economic policies in producing and sustaining economic and financial stability of an economy.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module provides students with mathematical and econometric techniques required to analyse economic data and test some of the most influential economic theories.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module enhances students’ skills in communicating research ideas and economic arguments to academic and non-academic audiences. Students learn how to use online literature databases, formulate research proposals, review any literature by critical constructive synthesis and make oral presentations.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

Semester 2

This module equips students with quantitative techniques and skills necessary to conduct empirical work in the area of applied finance and economics.

Assessment

The module is assessed by 40% coursework and 60% exam, but the university reserves the right to alter this.

The module teaches basic theory of options and futures pricing in order to promote an understanding of how different financial instruments can be combined into portfolios for hedging, speculation and arbitrage purposes. The module emphasises how such instruments are used in asset management.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module focuses on modern theories of corporate finance and students are taught how such theories can be applied to understand the financing and investment decisions of companies, particularly those quoted on global stock exchanges.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Optional modules (choose one)

This module analyses the in-depth causes, implications of, and regulatory responses to the 2008 global financial crisis (GFC) where topics covered include the role of financial innovation and derivative instruments in causing the crisis, and scenarios for bank business models and financial regulation in the post-GFC era.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module examines the relationships between international capital flows, macroeconomic performance, and financial markets, which allow students to understand the behaviour of international financial markets and economic performance in an increasingly globalised world.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Summer period

The module enables students to develop skills in identifying and assessing complex and topical issues in financial economics, and apply quantitative research techniques to analyse current issues confronting the banking and financial sectors.

Assessment

The module is assessed by 100% coursework (50% presentation and 50% written coursework), but the university reserves the right to alter this.

The module allows students to apply and communicate their knowledge to a contemporary issue in economics and finance via the development of an individual project essay, in which students will consider a particular aspect of policy making and gain experience in conducting a piece of original applied research whose conclusions provide policy recommendations. In the process, you will improve your employment prospects by strengthening your ability to effectively communicate your knowledge, understanding and recommendations to policy makers and managers.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

How you will be assessed

You will be assessed by a combination of group and individual coursework as well as exams.

How you'll study

Seminars
Lectures
Tutorials
Independent study
Group work
Practical sessions
Workshops

Your personal and professional development

Our School of Business and Economics is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Well-trained, numerate economists are in high demand in every sector of the economy. Graduates will be equipped with the skills of a professional economist for careers in banking, finance, government (central banking, treasury, etc.), international organisations, business, management consultancy, economic consultancy, and for higher awards by research.

Graduate destinations

Example graduate destinations include: HSBC – Analyst; SSR Group (Sweden) – Associate FX Broker; Siemens – Finance Officer. Other students have gone on to further research study.

Your personal development

You will develop advanced theoretical and quantitative skills – highly sought after by employers in financial services and government – as well as transferable skills that will be of value in a range of other business and policy sectors.

All our Business and Economics postgraduate students have the opportunity to attend an impressive range of extra-curricular masterclasses and public lectures – all on campus and free of charge.

Fees and funding

UK/EU:
£12,850
International:
£19,500

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Our students and academics

Damilola Alofe

Economics and Finance MSc

When I first arrived, I found it easy to settle into university life because there were different programmes organised in order to meet people.

Justin Mosley

Economics and Finance MSc

All the professors and advisors have been amazing. If I ever need anything, someone is always there to help.

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