This programme prepares you for a career as an economist in business, financial markets and the public sector. Upon completing the programme you will be awarded the Master of Social Sciences degree, having demonstrated that you have developed many skills needed in your future career:
The programme comprises two tracks. The Research track is more demanding in that it gives more profound knowledge of economic theory and econometric methods than the General track. This track is particularly suitable if your goal is to pursue a doctoral degree in economics. Profound knowledge of economic theory and methods is also useful in many demanding careers as an economist.
The degree requirements in both tracks correspond to international standards, which will help you when finding employment and pursuing further studies towards a doctoral degree in Finland and globally.
Further information about the studies on the Master's programme website.
The module of Economic Theory and Econometric Methods, which you will take in the autumn semester of your first year of study, is the foundation of the programme. It covers the central microeconomic and macroeconomic theory as well as basic econometric methods. After completing this module, you can choose from a wide selection of fields of economics to concentrate on. Optional studies consist of additional courses in economics, or other university-level courses. In addition, an internship or a labour market project is included in the degree requirements.
The programme mostly comprises lecture courses. The courses on economic theory and econometric methods consist of lectures and exercise sessions; for the most part they are completed by taking a written examination. Depending on the track, you take 3 to 4 field courses, selected based on your interests. Additional field courses in economics can be included in the optional studies. In the field courses, you will be exposed to different teaching methods, such as problem-based learning and other group activities and seminars. Your grades in many field courses will be based on assignments, presentations and term papers in addition to a final examination.
Economics is a quantitative social science discipline, so you are expected to have good basic command of mathematics and statistics. Your skills in these areas will be systematically developed in this programme. Especially if you aim for a career as an economist or for doctoral studies, you are advised to include further methodological courses in your optional studies. In addition to mathematics and statistics, courses in computer science are recommended.
The structure of the programme is comparable to those of the Master's programmes in economics offered by the best international universities. It differs from the Master's programmes of the Finnish business schools in that the demanding courses in economic theory and econometrics comprise a greater proportion, and the goal is above all to prepare you for a career as an economist. The research track corresponds to Master's programmes in quantitative economics offered by some foreign universities. In line with our programme, the research track will prepare you for a career as an economist and for doctoral studies in economics.
Econometrics is paramount for decision-making in business and economics today. Do you already have a strong background in mathematics, statistics and econometrics and would you like to take it further? With the Econometrics programme, you can.
Financial firms, statistical offices and international governmental organisations successfully apply econometric models and methods on a daily basis. No matter where your ambitions lie, this Master specialisation in Econometrics will give you the edge. The programme will not only provide you with in-depth knowledge of econometric theory, but will also train your skills to use advanced quantitative methods and techniques, perform empirical econometric analysis and develop and apply new models.
If you want to extend your econometric knowledge beyond linear regression, instrument variable regression, limited dependent variables models and time series analysis, Erasmus School of Economics is where you want to be. Together with the Econometric Institute, we offer a high-quality advanced curriculum that combines advanced theory with extensive case-based training.
The quantitative skills you acquire in this programme are your ticket to a great starting position on the job market. Records show that later in their careers, many of our graduates become board members at leading industrial firms and banks or highly-positioned civil servants. With the right attitude and rigour, you too can have a prosperous career anywhere you want. Possible employers include:
Do you share our Econometrics students’ broad interest in economics? Do you have a demonstrable quantitative background and plenty of curiosity, ambition and determination? Then you should definitely meet some of our students here.
Download the brochure here.
Changes in the business environment create the need for individuals wishing to pursue a senior management role to be aware of contemporary accounting and finance developments.
Understanding these theoretical and practical issues is critical for managers who often have to make rapid and far-reaching decisions about the short term financial operations and long term strategies of firms.
The MSc in Accounting and Finance offers you a unique opportunity to develop an appreciation of the causes and significance of current developments in the financial and corporate sectors, and to study advanced theory and practice relating to accounting and finance.
The aim of the programme is to provide graduates and other individuals that have practical accounting and financial training with the knowledge and skills necessary to pursue a senior level professional career in accounting, financial services or related sectors of the economy.
Issues you will tackle as part of your MSc Accounting and Finance degree programme include:
How are the financial accounts of companies formulated, and how do they differ across jurisdictions?
What agency issues are important in the creation of company accounts?
How does accounting theory inform financial and management accounting practice?
How does regulation impact on the performance of firms, and how do accounting practices highlight profit and/or loss realisation?
What empirical techniques can be used to evaluate company performance?
In what ways have financial accounting requirements and auditing been influenced by recent company failures?
What are the relationships between risk and return governing investment in company shares and other derivative instruments?
Which factors are most likely to influence the evaluation and implementation of international investment projects?
How can we calculate a suitable cost of capital to appraise the capital investment decision?
How should institutional investors go about constructing a portfolio of assets to maximise returns on behalf of investors?
How are futures, options, derivatives and swaps used to manage balance sheet and off-balance sheet risks?
What are the key principles of international portfolio management in a world of fast and unpredictable movements in exchange rates?
How can financial forecasts be used in business valuation, and what techniques should be used to improve trend analysis and interfirm comparison?
With these needs in mind, the MSc Accounting and Finance programme at Bangor is designed to develop participants’ existing skills through a scheme of specialist advanced study. An important objective is to provide participants with relevant analytical training, so that they are familiar with the latest theoretical and practical developments relating to accounting and finance. The programme provides a coherent theoretical framework for the various subject areas, but the emphasis throughout is on advanced practical application of accounting and financial techniques in a real-world setting.
January intake: Taught modules are undertaken in the period of January to June and September to January and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
September intake: Taught modules are undertaken in the period of September to June and will involve the study of 120 credits. The dissertation (or equivalent) is valued at 60 credits and is undertaken during the period of June to September.
Research Methods: This module develops knowledge of intermediate and advanced research methods, and provides a basis in research methodology for those who may eventually wish to pursue research degrees.
Accounting Theory: This module critically evaluates a widespread and widely based set of theories that underpin any explanation of accounting behaviour and accounting regulatory output.
International Financial Markets: This module provides an overview of financial instruments in a multi-currency world, taking account of insights from portfolio theory concerning the relationship between risk and return, the diversification of risk, and the pricing of assets.
Advanced Financial Reporting and Regulation: This module provides an advanced treatment of the main theoretical principles underlying financial reporting, and the practical implications of alternative regulatory regimes.
Financial Analysis: This module analyses the techniques that are used to evaluate a company’s financial position and performance.
Management Accounting: This module provides an understanding of the uses of financial data in measuring and evaluating business performance, and in setting the strategic aims of the organisation.
Optional modules (choose 2):
Corporate Risk Management: This module provides an analysis of pure risk and its management.
Islamic Accounting and Financial Reporting: This module develops a critical awareness of theoretical and practical approaches to Islamic accounting and financial reporting. Islamic accounting standards are compared with IFRS, and the content and impact of academic research in this area is examined.
Islamic Finance: This course provides an insight into topical issues relating to Islamic financial instruments and related risk management issues.
Financial Econometrics: This module provides advanced coverage of econometric methods and practices that are used to model financial and business data. You will develop the independent capability to design, estimate and evaluate appropriate econometric models using econometric software.
International Financial Management: In this module, the financial management of multinational companies, and the influence of the macroeconomic, fiscal, currency and political environments on business and financial decision-making are examined in an international and global context.
Investment Strategy and Portfolio Management: This module evaluates the development of investment strategies for bonds, equities and derivatives that are designed to achieve optimal risk-return outcomes, and examines the measurement and evaluation of the performance of a portfolio of investments.
Want to develop a rewarding career as a development economist in the public or private sector? This course will appeal to you if you have a quantitative background. You will develop your understanding of the key issues in economic development, and explore the economic theory and statistical tools you need to analyse policies and assess their impact on economic and human development.
You have the option of studying full-time over the course of one year or part-time over the course of two years.
The Development Economics MSc will help you:
Should you wish to pursue further study, the dissertation track can also serve as a stepping stone to an Economics PhD.
As a Masters student at City, you will benefit from our excellent London location, which places you in close proximity to the centres of decision-making in development economics. For example, we are just six tube stops away from the Department for International Development.
Your teaching consists of a flexible combination of lectures, classes and computer lab sessions:
In addition, econometric methods will be taught in lab sessions, so you will have the opportunity to apply econometric software to empirical research in development economics.
When appropriate "practitioner slots" will be incorporated into module delivery, such as research seminars conducted by external experts in development policies and presentations by invited academics.
Assessments are typically a combination of unseen written examinations (70% for each module) and coursework (30% for each module), but this can vary by module.
The teaching takes place over two terms, from September to June. Full-time students who pass all the taught modules during the main exam sessions finish the programme at the end of September when they submit their dissertation or literature review. Full-time students who successfully complete the taught modules in the August re-sit exam session submit their dissertation or literature review in December.
Part-time students complete their modules over the course of four terms, from September to June, before undertaking their dissertation or literature review.
Pre-sessional activities covering Micro-and Macroeconomics, Stata, Excel, Probability and Mathematics run in September before the start of term. These are available for all students who secure a place on the MSc Development Economics course. Pre-sessionals are included in your degree fee and are designed to prepare you for the course. We therefore strongly encourage you to make every effort to attend. Dates of the sessions are as follows:
You are not required to register for the above pre-sessionals, you just need to turn up on the day. Further information, such as the exact times and locations will be provided in your induction schedule.
You will complete 180 credits. This includes taught modules worth 120 credits, plus 60 credits through either of the following paths:
Each module typically has a weekly two-hour lecture and a one-hour tutorial, but this may vary.
It is not possible to give an exact indication of hours per week, as these can vary from one term to the other, depending on which electives you choose.
Modules for the dissertation path
Modules for the literature survey path
Elective modules for both paths
* Students on the dissertation path can take only 1 of these modules, which are taught in the Department of International Politics. Students on the literature survey path can take up to 2 of these modules.
Graduates of this course enjoy a wide range of rewarding employment possibilities, in both the public and private sectors, including consultancy and economic analysis.
As a Masters in Development Economics graduate, you will have the skills to work in:
The MSc also provides a solid academic foundation for students wishing to pursue doctoral research in economics.
This programme is designed for students with a particular interest in the more quantitative aspects of the subject and is one of the few programmes in the UK to offer specialist training in advanced econometric techniques and their application to Finance.
Establish a career with any of the world’s most affluent financial institutions, government regulators, or in academia. The MSc Finance and Econometrics degree at the University of Southampton is one of the few programmes in the UK to offer specialist training in advanced econometric techniques and their application to Finance. Your particular interest in the more quantitative aspects of the subject, and the programme’s emphasis on small-group teaching and student interaction with the department’s leading experts will take you to the frontiers of finance and econometric analysis.
The full-time programme lasts 12 months, with nine months of taught modules between October and June of the academic year, followed by three summer months of supervised research for a Masters’ dissertation.
Part-time programme lasts 27 months and consists of the same components as the full-time version. Students consult with the Head of Masters to establish a detailed plan of studies to fulfil the programme requirements.
You can expect to enjoy predominantly small-group teaching and a considerable degree of individual attention from members of staff. MSc students are strongly encouraged to attend our seminars and research workshops. Our MSc students usually form a lively and cohesive group which plays an active role in the Division's academic and social life.