This programme is designed to help students understand how prices and values for claims to uncertain payments are derived, by using fundamental principles from economics and finance, and includes claims such as company shares and dividends, financial derivatives, real assets such as metals and commodities as well as insurance claims.
Why this programme
◾This programme will give you a thorough knowledge of the mechanisms used to determine asset prices, knowledge which is fundamental for all types of investor. ◾You will learn about the latest and most sophisticated techniques in asset pricing and investment theory and you will receive training on Bloomberg software in the school's dedicated training suite. ◾You will acquire the practical skills to implement and calibrate these models in a computer-based learning environment using empirical and econometric techniques.
You will take four core courses, two optional courses and complete a substantial independent piece of work normally in the form of a dissertation.
You will be taught in lectures, some of which may also be accompanied by class/group discussions. You will attend workshops to help define and develop your dissertation proposal and you will be assigned an individual dissertation supervisor who will provide guidance and comments as you complete your dissertation.
Core Courses ◾Economic fundamentals and financial markets ◾Empirical asset pricing ◾Investment, finance and asset pricing ◾Portfolio analysis and investment.
Optional Courses ◾Advanced portfolio analysis (Portfolio analysis and investment is a co-requisite for this course) ◾Applied computational finance ◾Basic econometrics ◾Corporate finance and investment ◾Financial derivatives (Mathematical finance is a co-requisite for this course) ◾Financial market micro structure ◾Intermediate econometrics ◾Mathematical finance.
Graduates from this programme will typically find employment in financial institutions (asset management, investment banks, the quant sector and consulting); governmental bodies involved in financial decision-making; and organisations such as the International Monetary Fund, Central Banks etc. Companies which have employed graduates include Morgan Stanley, Lloyds Banking Group, the European Parliament, and the Arcadia Group.
Our dedicated College of Social Sciences Employability Officer works with students to enhance their employability.