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Finance (Economics and Finance) at Durham University - UCAS

Durham University

Degree level: Postgraduate

Finance (Economics and Finance) (Taught)

Course summary

Our MSc in Finance (Economics and Finance) is designed to the highest academic standards. It will extend your existing interest in this complex subject and develop your skills and knowledge so that you can transform your interests into a successful career in finance or financial research. We deliver cutting-edge analytical and technical skills and research techniques in an environment that embraces our core values of fairness in how we experience the financial world and equality of access to financial services. This knowledge is valued by leading global financial institutions and businesses, and by prestigious PhD research programmes. The exciting 12-month full-time course combines core and optional modules, and culminates in a practice-based business project or a research-based dissertation depending on the learning direction you choose. Relevant and stimulating topics covered include econometrics, micro- and macroeconomics, advanced financial theory and corporate finance. You will be taught mainly through a combination of lectures, seminars, and practical work, with content developed in partnership with the Chartered Financial Analyst Institute (CFA), the leading global association for investment professionals and the accepted benchmark around the world for technical excellence in financial markets. We pride ourselves on our team of committed academics who are passionate about the study of finance and how it presents itself in the lives of people and businesses around the world. On completion of this course, you will be ready to meet the challenges and earn the rewards of a career in finance, economics, or a related area. Course structure Core modules: Advanced Financial Theory offers stimulating and rigorous training in modern financial theory and in the most important current research with an emphasis on application of finance principles. You will also develop an advanced understanding of normative and positive research in financial theory together with the related descriptive and empirical evidence. Advanced Macroeconomics develops your knowledge and skills in analysis in the wide and varied area of advanced macroeconomics. Topics are drawn from growth theory, business cycle theory, monetary theory and their respective applications. Advanced Microeconomics enhances your knowledge and skills in analysis in the wide and varied area of advanced microeconomics theory and how it can be applied. Topics may include consumer theory, producer theory, decision making under risk and uncertainty, incentives and strategic behaviour, market and general equilibrium, and welfare economics. Corporate Finance covers the theory and practice of corporate finance and the latest research. Again, you will examine both normative and positive aspects of the theory, together with supporting descriptive and empirical evidence. The Dissertation, on a finance topic of your choice, develops your ability to plan and manage your own learning. It provides an opportunity to conduct an in-depth investigation at an advanced level and present your findings and conclusions. To add a further international dimension to the course you can apply for the international route where you undertake research abroad at a partner university. There is also the option to develop a more applied project in conjunction with an appropriate organisation. Plus one from: Econometric Analysis covers some of the econometric skills needed to undertake empirical research in economics and/or finance and advanced econometric techniques. You will explore areas including hypothesis testing and confidence intervals, linear regression, and misspecification and dummy variables. Econometric Methods introduces modern econometric techniques and provides hands-on experience in applying those techniques to solve different problems in economics and finance. I

Modules

In recent years, optional modules have included: Bank Management; Banking and Financial Intermediation; EITHER Behavioural Economics; OR Behavioural and Neurofinance; Financial Modelling and Business Forecasting; Time Series Analysis; Capital Market Development; Climate Finance; Derivative Markets; Environmental and Climate Economics; Experimental Economics and Finance; Financial Risk Management; Financial Technologies I; Financial Technologies II; Fintech Regulations; International Trade and Finance; International Financial Economics; International Study Tour; Islamic Banking and Finance; Islamic Capital Markets; Islamic Law and Financial Transactions; Market Microstructure; Mergers, Acquisitions and Corporate Restructuring; Monetary Economics; Portfolio Management; Private Equity and Wealth Management; Python for Finance; Advanced Topics in Public Economics; Security Analysis; A language module.

Assessment method

Assessment on this course is rigorous and carried out through exams in January, May and June, a range of assignments and a 12,000-word dissertation in which you carry out independent research and develop your analysis skills. Outside of timetabled contact hours, you will be expected to undertake your own independent study in preparation for exams, seminars, assignments and other forms of assessment as well as general background reading in order to broaden your subject knowledge.


How to apply

International applicants

If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take a pre-Masters pathway programme at the Durham University International Study Centre.

Entry requirements

The Masters in Finance programme is designed for new or recent graduates. Certain routes within the Masters in Finance programme may also be of interest to those who already have practical experience in the field of finance. Prospective candidates must hold qualifications equivalent to a UK first or upper second-class honours degree in any discipline. Applicants are also expected to have strong quantitative skills for the programme, which includes fundamental concepts of calculus and statistics. Therefore, having studied a relevant mathematics/quantitative module at university level or a minimum of A level Mathematics (or its equivalent) is a prerequisite for prospective candidates.


English language requirements

Durham University welcomes applications from all students irrespective of background. We encourage the recruitment of academically well-qualified and highly motivated students, who are non-native speakers of English, whose full potential can be realised with a limited amount of English Language training either prior to entry or through pre-sessional and/or in-sessional courses. It is the normal expectation that candidates for admission should be able to demonstrate satisfactory English proficiency before the start of a programme of study, whether via the submission of an appropriate English language qualification or by attendance on an appropriate pre-sessional course. Acceptable evidence and levels required can be viewed by following the link provided.

English language requirements

https://www.durham.ac.uk/study/international/entry-requirements/english-language-requirements/


Fees and funding

Tuition fees

England £16000 Year 1
Northern Ireland £16000 Year 1
Scotland £16000 Year 1
Wales £16000 Year 1
Channel Islands £16000 Year 1
EU £35500 Year 1
International £35500 Year 1

Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website .

Additional fee information

The tuition fees shown are for one complete academic year of study and are set according to the academic year of entry. Fees will be subject to an annual inflationary increase and are expected to rise throughout the programme of study. The fee listed above is for the first year of the course only.

Sponsorship information

For further information see the course listing on the Durham University Business School website

Finance (Economics and Finance) at Durham University - UCAS