The MSc in Economic and Financial Analysis aims to provide industry ready graduates equipped with the skills needed for success in a variety of banking, finance, analysis, local government, regional development and a wide array of further exciting careers.
You will be taught critical knowledge for economic and financial analyst positions plus have extended opportunities to develop highly valued skills using standard industry software (Bloomberg and Stata) in your analysis of real data to answer your own Economic or Finance research questions. All this will be done in a challenging and thought provoking manner, which questions the traditional assumptions underlying many mainstream models of societies and economies to arrive at more useful perspectives.
You will study Behavioural Finance, a cutting-edge subject that is still not common on Master’s programmes and which is becoming a critical skill for market analysis and to ensure you meet regulators’ expectations. You will additionally explore banking systems and financial instruments (swaps, obligations, securities and so forth) in terms of pricing, strategies and economic contexts. Systems and instruments are explored for fundamental systemic and regulatory weaknesses. Following this course you would have the ability to assess a new financial product or innovation in terms of not only its likely success or failure, but its overall effects on the financial system.
Course in Depth
You will study the following units: •Behavioural Economics and Financial Decision Making •Financial Economics and The Banking Crisis •Global Economic Analysis •Investigating Business Practice •Research Methods •Dissertation
Behavioural Economics and Financial Decision Making
Behavioural Economics and Financial Decision Making is a cutting edge subject that is still rare on many UK business school Master’s programmes and which is becoming the key skill in regulatory positions.
Global Economic Analysis
There are two strands to this unit. You will examine key economic concepts and applied developments in areas such as employment, innovation, rationality, growth and the limits of markets. You will also learn key statistical techniques and how to implement them using the sophisticated STATA statistics programme. Mastery of this programme should significantly improve employment prospects given that same programme is used by analysis in Governments, financial and consultancy companies. The skills learnt will also be invaluable in supporting your research for your dissertation.
Financial Economics and The Banking Crisis
This is a contemporary unit that will give you a complete understanding of the causes, effects, legacy and possible solutions to the 2007-09 global financial crisis. Specifically we will explain the macroeconomic consequences of the crisis but unlike most postgraduate units we will link this to the features of the derivatives that made much of this financial crisis possible. In so doing we will review complex derivatives, their structure, risks and how they are both valued and priced.
Investigating Business Practice
This unit requires students to apply the skills and knowledge developed for an external client. The brief is to identify and draw from best practice as described in policy and academic literature and then provide detailed, well designed proposals on how to improve upon the organisation's issue.
The overall aim of the Research Methods unit is to introduce you to methodologies and philosophical approaches to help develop your critical and reflective skills when researching (unfamiliar) topics in your future career. Firstly the unit should help you appreciate the key debates in the philosophy and epistemology of science. Secondly, you will be introduced to the use and presentation of qualitative and quantitative data and finally be able to justify the relationship between your philosophical approach and choices of qualitative and quantitative methods.
Through the content and activities of the preceding units you should be well prepared for your Dissertation. This will normally take the form of an empirical piece of research conducted with academic guidance and supervision. The internationally recognised research expertise of the economics and finance department aids the student enormously in successful completion of a high standard research project. Many students directly tailor their dissertation into an area of desired employment allowing them to build a highly specialised knowledge base in a specific area or even on a specific firm or organisation.
The number of units you study will depend on if you choose the PgCert (60 credits), PgDip (120 credits) or MSc (120 credits of units + 60 credit dissertation).
Many of the assignments for this course can be tailored to your chosen career path. You will be assessed through research orientated coursework rather than the traditional mix of exams and coursework which do not allow you to focus on your interests. Research and academic skills will be at the heart of the teaching to support the successful completion of your taught units and dissertation/research project.
•You will be taught in the Business School’s £75 million teaching and research headquarters on All Saints Campus in central Manchester. •As a student of the Accounting, Finance and Economics Department, you will have complementary access to Bloomberg, the leading global platform used by the world’s leading banks, corporations and government agencies for news, data, analytics and research. •There are opportunities to focus your assignments on your employment goals. •You will have extensive access to real world data and academic journals. •Our academic team includes internationally renowned economists and finance specialists. •Timetabled lectures and seminars are complemented by the guest lecture series run by the MMU Economics Society and company and industry visits.
The demand for economics and finance graduates is consistently high and this MSc prepares you for a range of careers in a variety of banking, finance, analysis, local government, regional development and a wide array of further exciting and challenging careers. Economics graduates from MMU have taken roles in the Government Economics Service, the Office of National Statistics, the Department of Work and Pensions and the Bank of England. This MSc is a new course but we anticipate that graduates will secure employment in: •Central banks (such as the Bank of England) •International finance •Investment banks •Fund management •Corporate finance •Pensions •Insurance
Normally a good UK honours degree (minimum 2:2), or international equivalent, in economics, finance or business. If your degree is not in one of these subjects, please contact the Business School to discuss your application. International students please see View Website
Please refer to our website for the latest fee information.
Recipient: Manchester Metropolitan University
Insert previous message below for editing?
You haven’t included a message. Providing a specific message means universities will take your enquiry more seriously and helps them provide the information you need. Why not add a message here