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Financial Economics

This programme focuses on key macroeconomic and microeconomic forces which shape and influence financial markets. These elements are fundamental for financial decision making and draw on the most recent developments in these areas. It is also designed to provide a thorough understanding of the functioning of financial markets and monetary policy.

**Academic contact: business-economics@glasgow.ac.uk
Admissions enquiries: www.gla.ac.uk/enquirenow
September start
MSc: 12 months full-time**

**WHY THIS PROGRAMME**

Financial Economics will provide you with rigorous training in macroeconomics, microeconomics and quantitative methods, and develop your understanding of financial theory and empirical applications.

You will learn how macroeconomic factors, such as monetary and fiscal policy, growth and risk, interact and influence financial markets and the pricing of financial assets, such as stocks and bonds.

You will develop a strong understanding of the functioning of financial markets and the channels through which monetary policy decisions affect them. You are taught to analyse the market both technically and fundamentally.

You will develop your expertise in topics relevant with financial markets, empirical and quantitative finance, macro and microeconomics, and international applied economics.

**Adam Smith Business School is triple accredited**
**www.gla.ac.uk/schools/business/aboutus/accreditationsandrankings/**

**PROGRAMME STRUCTURE**

You will take three core and three optional courses and complete a substantial independent piece of work, normally in the form of a dissertation on a topic related to your research interests in financial economics. Teaching is provided by lectures. Technical subjects are supported by weekly or fortnightly tutorials, which provide opportunities for you to engage with issues and questions in a group format. Some courses also involve lab sessions in which you will use specialised software, especially through quantitative courses such as basic econometrics.

**Core courses**
- Economic fundamentals and financial markets

- Macroeconomics

- Microeconomics.

**Optional courses may include**
- Applied computational finance

- Behavioural economics: theory and applications

- C++ in finance (Mathematical finance is a co-requisite for this course)

- Corporate finance and theory

- Empirical asset pricing

- Financial market micro structure

- Foreign direct investment and development

- Game theory with applications in economics and finance

- Intermediate econometrics

- International financial management

- Investment, finance and asset prices

- Mathematical finance

- Modelling and forecasting financial markets

- Public finance.

**Programme alteration or discontinuation**
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Student contract.
www.gla.ac.uk/myglasgow/senateoffice/studentcontract/

**CAREER PROSPECTS**
As a graduate you will have developed the essential knowledge and practical experience to work in the financial market as, for example, a financial economist, data analyst, policy analyst or financial analyst. Recent graduates have been employed by companies including KPMG, PricewaterhouseCoopers and the Standard Charted Bank. We have a dedicated careers and employability team who provide 1-2-1 support and advice, group workshops, employer events on campus and networking opportunities throughout the year to help you with your career prospects.

Entry requirements

MSc: 2.1 Honours degree or non-UK equivalent in economics, finance, engineering, physics, or another highly mathematical discipline.

International students with academic qualifications below those required should contact our partner institution, Glasgow International College, who offer a range of pre-Masters courses.

English language requirements
For applicants whose first language is not English, the University sets a minimum English Language proficiency level.

International English Language Testing System (IELTS) Academic module (not General Training):

overall score 6.5
two sub-tests no less than 6.5, no sub-test less than 6.0
or equivalent scores in another recognised qualification:
Common equivalent English language qualifications

All stated English tests are acceptable for admission for both home/EU and international students for this programme:

ibTOEFL: 90; no sub-test less than:
Reading: 20
Listening: 19
Speaking: 19
Writing: 23
CAE (Cambridge Certificate of Advanced English): 176 overall; no sub-test less than 169
CPE (Cambridge Certificate of Proficiency in English): 176 overall; no sub-test less than 169
PTE Academic (Pearson Test of English, Academic test): 60; no sub-test less than 59
Trinity College London Integrated Skills in English: ISEII at Distinction with Distinction in all sub-tests
For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept an IELTS test (Academic module) from any of the 1000 IELTS test centres from around the world and we do not require a specific UKVI IELTS test for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.

Pre-sessional courses

The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:

School of Modern Languages and Cultures: English for Academic Study
BALEAP guide to accredited courses

Course modules

You will take four core and two optional courses and complete a substantial independent piece of work, normally in the form of a dissertation on a topic related to your research interests in financial economics. Teaching is provided by lectures. Technical subjects are supported by weekly or fortnightly tutorials, which provide opportunities for you to engage with issues and questions in a group format. Some courses also involve lab sessions in which you will use specialised software, for instance in the study of econometrics.

Core courses

Basic econometrics
Economic fundamentals and financial markets
Macroeconomics
Microeconomics.
Optional courses may include

Applied computational finance
Behavioural economics: theory and applications
C++ in finance (Mathematical finance is a co-requisite for this course)
Corporate finance and theory
Empirical asset pricing
Financial market micro structure
Foreign direct investment and development
Game theory with applications in economics and finance
Intermediate econometrics
International financial management
Investment, finance and asset prices
Mathematical finance
Modelling and forecasting financial markets
Public finance.
Programme alteration or discontinuation
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Legal statements: Disclaimer.

Assessment methods

Dissertation

Sponsorship information

Qualifications

Qualification Study mode Start month Fee Fee locale Course duration
MSc Full-time September 2019 10,650 (Whole course) EU 12 Months
MSc Full-time September 2019 10,650 (Whole course) Northern Ireland 12 Months
MSc Full-time September 2019 10,650 (Whole course) Wales 12 Months
MSc Full-time September 2019 10,650 (Whole course) England 12 Months
MSc Full-time September 2019 20,150 (Whole course) International 12 Months
MSc Full-time September 2019 10,650 (Whole course) Scotland 12 Months

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