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Study information

Programme Specification for the 2023/4 academic year

MSc Financial Economics

1. Programme Details

Programme nameMSc Financial Economics Programme codePTS1SBESBE08
Study mode(s)Full Time
Academic year2023/4
Campus(es)Streatham (Exeter)
NQF Level of the Final Award7 (Masters)

2. Description of the Programme

 

This programme is a springboard into a career as an economist.  Whether you are looking to work in the Civil Service, a leading bank, a multinational organisation or an insurance company, this programme can help you achieve your aims.  It is also an ideal choice for anybody who sees his or her future as an analyst for a major investment company.

The programme is designed to provide an understanding of economic and financial theory, together with specialist econometric and mathematical techniques.  It provides a platform for economics students with a particular interest in finance and will also be of interest to applicants who are already practicing economists or have work experience in the financial sector.

Completion of the MSc in Financial Economics is an excellent foundation for progression onto a research degree.  At the heart of the programme are core modules in financial theory, plus a choice of further options in Finance, Economics or Econometrics.  Non assessed intensive computing training covering Thomson Reuters Datastream and other financial databases and software, is incorporated into relevant modules.  Alongside the formal lecture programme, you will be able to participate in the Economics Seminar Series.  The summer dissertation represents your chance to carry out original research in financial economics.

Like all postgraduate economics programmes in the School, our MSc Financial Economics is accredited by the Economic and Social Research Council (ESRC).  For UK and EU students, this means you can apply to the ESRC for funding assistance with both tuition fees and living expenses if you are intending to progress to a PhD.

3. Educational Aims of the Programme

1. To provide an education for students intended to give students competence in their chosen discipline and to encourage them to develop their intellectual capabilities within an institution that is committed to the advancement of research, scholarship and learning, and to the dissemination of knowledge.
2. To equip students with a range of methodological skills and appropriate specialised knowledge.
3. To provide a rigorous training, in a supportive environment, in the techniques of finance, economic and econometric analysis, as an aide to understanding contemporary economic and finance issues.
4. To inform this education by research, and national and international economic development, where appropriate
5. To provide training in subject-specific skills, preparing students for employment or further study.
6. To provide a training in economics with specialist modules in finance.

4. Programme Structure

5. Programme Modules

This programme is available for study 12 months full-time over three terms and is University-based throughout this time. The taught components of the programme are delivered in the first two terms, leaving the third term and most of the summer to research, write and submit your dissertation. The programme in its entirety runs from October to September.

During the programme you will study modules (including the dissertation) totalling 180 credits. Please note that all options are available timetable permitting and may change.

Please note that programme structures may be subject to change.

Stage 1


Compulsory Modules

CodeModule Credits Non-condonable?
BEAM029 Topics in Financial Economics 15No
BEAM047 Fundamentals of Financial Management 15No
BEEM103 Optimisation Techniques for Economists 15No
BEEM124 Dissertation 45No
BEEM117 Economics of Corporate Finance 15No
BEEM011 Applied Econometrics 1 15No
BEEM012 Applied Econometrics 2 15No
BEEM100 Macroeconomics [or BEEM101 or BEEM120]15No
BEEM101 Microeconomics [or BEEM100 or BEEM120]15No
BEEM120 Macroeconomics of Money and Financial Markets [or BEEM100 or BEEM101]15No

Optional Modules

You will choose 30 credits of  option modules from a regularly updated selection. Recent modules are shown below:

 

 

CodeModule Credits Non-condonable?
BEAM033 Banking and Financial Services 15No
BEAM036 Domestic and International Portfolio Management 15No
BEEM125 Experimental and Behavioural Economics 15No
BEEM015 Industrial Economics and Strategy 15No
BEEM100 Macroeconomics 15No
BEEM101 Microeconomics 15No
BEAM065 Bank Management 15No
BEEM120 Macroeconomics of Money and Financial Markets 15No
BEEM152 Behavioural Development Economics 15No
BEEM154 Economics of Public Finance 15No
BEEM014 Health Economics 15No
BEEM157 Behavioural Finance 15No

6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods

Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:
Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):...and evidenced by the following assessment methods:

1. a core knowledge in finance, economics, and econometrics
2. the ability to apply advanced economic and finance concepts to real-world situations
3. the ability to formulate, test and evaluate a wide variety of economic, finance and econometric models

Subject knowledge and skills are taught in all core modules through a mix of

• Lectures 

• Seminars 

• private study

Subject knowledge and skills are assessed by examination (all core modules) and assignment (BEEM102/112)

Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:
Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):...and evidenced by the following assessment methods:

4. the ability to synthesise data from a range of sources
5. expertise across a wide range of research methods and statistical techniques, such that they are equipped to carry out good quality empirical and experimental research.
6. the ability to analyse and evaluate quantitative problems
7. the ability to use a number of statistical and econometric packages

Core academic skills are taught through 

• private study (all core modules) 

• problem sets (BEEM102/104/112) 

• computer-based examples (BEAM030) 

• directed and undirected reading (all core modules)

• student presentations (individual or group) (BEEM115,BEAM030) 

Core academic skills are taught through  

• Written examination (all core modules) 

• Assignments (BEAM030, BEAM039) 

• Dissertation (BEEM115) 

Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:
Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):...and evidenced by the following assessment methods:

8. CONFIDENT COMMUNICATOR: Able to adapt and adjust both written and verbal communication styles, to meet the needs of diverse audiences.
9. INNOVATIVE PROBLEM-SOLVER: Able to confidently explore challenges from different perspectives, to creatively offer practical and timely solutions.
10. PROACTIVE COLLABORATOR: Able to actively build strong working relationships with others to have positive outcomes.
11. DIGITALLY FLUENT: Able to embrace a variety of digital technologies to critically source, process and communicate information.
12. RESILIENT SELF-ADVOCATE: Able to develop self-awareness through a commitment to learning from experiences and taking responsibility for personal growth.
13. CRITICAL THINKER: Able to proactively analyse and evaluate information from a variety of sources to draw independent and well-founded conclusions.
14. GLOBALLY ENGAGED: Able to recognise diverse individual and cultural perspectives, in order to communicate on interconnected world issues and sustainable decisions

8.          BEEM115 requires students to write a 20,000-word dissertation.

BEEM012 Applied Econometrics 2 requires students to work on a 2,500-word empirical project involving data analysis.

 

 

 

9.    BEEM115: Dissertation requires students to identify a novel research topic and use either economic theory or empirical methods to solve the research problem.

       BEEM011 Applied Econometrics 1 Students have 5 homework quizzes to work on applying econometric methods on real world data.

 

 

10. BEAM046 Financial Modelling requires that students collaborate on a group assignment to evaluate investment portfolios.

 

11.

           BEAM047 Fundamentals of Financial Management aids students in gaining experience using Excel

BEEM011 Applied Econometrics 1: Students learn state of the art statistical software R to apply econometric methods on economic data.

 

 

 

 

12.    BEAM047 – Fundamentals of Financial Management requires students to have a critical understanding of desires and decision processes of customers and businesses and apply theory and secondary data analysis to a real-life marketing problem faced by organisations

     BEAM029 Topics in Financial Economics requires students to develop rigorous theoretical arguments based on mathematical reasoning, understand and solve quantitative problems, interpret financial data, and access selected empirical research literature and critically appraise it.

     BEEM117 Economics of Corporate Finance asks students to possess the ability to study a range of teaching and research material and the ability to think analytically

         BEAM047 Fundamentals of Financial Management focuses on the fair valuation of financial assets which is of interest to those involved in sustainability.

 

     

 

13.

      BEEM103 Optimization Techniques for Economists equips students with logical thinking, numeracy and writing skills, as well as an understanding and theoretical knowledge of economic issues.

      BEEM115 Research Design and Dissertation allows students to demonstrate their ability at identifying and analysing an economic problem using the techniques of economic and/or econometric analysis. They will acquire knowledge of the existing literature, identify the key economic trade-offs, acquire necessary tools to analyse these trade-offs, and analyse the economic problem.

 

 

 

14.

BEEM103 Optimization Techniques for Economists module is built upon microeconomics which is relevant across countries as it is based on mathematical models.

      BEEM 115 Research Design and Dissertation utilizes the analytical skills developed and employed in this module will be applicable across institutions and countries and are multi-national in nature.

     BEAM047 Fundamentals of Financial Management Investment theory and corporate finance are international by nature and the principles taught can be applied in any country. Investment theory and corporate finance are international by nature and the principles taught can be applied in any country.

     BEAM029 Topics in Financial Economics teaches topics which are relevant across countries and many international examples are discussed in the lectures

     BEEM117 Economics of Corporate Finance focuses on the theory of how companies finance themselves, which is applicable in an international environment.

8.  BEEM117 – Exam

    BEAM046 - Individual assignment and group assignment

    BEAM047 – Examination and case study analysis and presentation

   

 

9.

      BEEM011 – 5 HW quizzes and a 2000 word written assignment

      BEAM046 – Individual assignment and group assignment

      BEEM103 – Bi-weekly problem sets and Exam

      BEEM120 – Mid-term Exam and Exam

    

 

10. BEAM046 – Group assignment

 

11. BEEM011 Applied Econometrics 1 Students have 5 homework quizzes to work on applying econometric methods on real world data using software R

 

12.

 

BEEM115: Dissertation requires students to identify a novel research topic and use either economic theory or empirical methods to solve the research problem.

 

BEEM012 Applied Econometrics 2 requires students to work on a 2,500 word empirical project involving data analysis.

 

13.BEEM115 Research Design and Dissertation allows students to demonstrate their ability at identifying and analysing an economic problem using the techniques of economic and/or econometric analysis.

 

BEEM012 Applied Econometrics 2 requires students to work on a 2,500 word empirical project involving data analysis.

 

BEEM103 – Bi-weekly problem sets and Exam

 

14. BEEM120: Mid term and Final exam

BEAM046 – Group assignment

7. Programme Regulations

Classification

8. College Support for Students and Students' Learning

Personal and Academic tutoring: It is University policy that all Colleges should have in place a system of academic and personal tutors. The role of academic tutors is to support you on individual modules; the role of personal tutors is to provide you with advice and support for the duration of the programme and extends to providing you with details of how to obtain support and guidance on personal difficulties such as accommodation, financial difficulties and sickness. You can also make an appointment to see individual teaching staff.

Student/Staff Liaison Committee enables students & staff to jointly participate in the management and review of the teaching and learning provision.

In addition, support for postgraduate students in the BusinessSchool includes:

•    A one week induction programme (University and MA/MSc/MRes programme registration and induction including welcomes, IT induction, library induction, postgraduate receptions)

•    A dedicated programme director

•    A dedicated programme administrator and programme assistants

•    Personal tutor

•    Dissertation Supervisor

•    A programme-dedicated student handbook (c.50 pages) includes inter alia registration and induction, general information on School and University facilities and services (e.g. library, IT, fax, photocopying), health and safety, communicating with School staff, illness and absence, special needs, details of the degree programme and its modules (module templates, examinations, assessment methods etc.), School Code of Good Practice in Teaching and Learning, University postgraduate assessment procedures (examination conventions), complaints and appeals procedures, and guidance on examination preparation, groupwork, essay writing, referencing, cheating and plagiarism.

•    Two computing officers

•    Three postgraduate-exclusive computing suites with standard and specialised software (e.g. RATS, PCGive, SPSS, Maple) and access to specialised databases (e.g. Datastream, Thomson Analytics, Bloomberg, Business Insights, Datamonitor, London Share Price Database, Center for Research Security Prices)

•    Postgraduate study room

•    School-dedicated English Language Centre classes

•    Disability officer and referral service to the Disability Resource Centre

•    Departmental staff-postgraduate seminar programme (visiting speakers)

•    Postgraduate student representation on the School’s Postgraduate Student-Staff Liaison Committee (one representative from each taught postgraduate programme)

•    Postgraduate student representation on the Education Strategy Group.

9. University Support for Students and Students' Learning

10. Admissions Criteria

11. Regulation of Assessment and Academic Standards

12. Indicators of Quality and Standards

The programme is not subject to accreditation and/ or review by professional and statutory regulatory bodies (PSRBs).

13. Methods for Evaluating and Improving Quality and Standards

14. Awarding Institution

University of Exeter

15. Lead College / Teaching Institution

Faculty of Environment, Science and Economy (ESE)

16. Partner College / Institution

Partner College(s)

Not applicable to this programme

Partner Institution

Not applicable to this programme.

17. Programme Accredited / Validated by

0

18. Final Award

MSc Financial Economics

19. UCAS Code

C476

20. NQF Level of Final Award

7 (Masters)

21. Credit

CATS credits

180

ECTS credits

90

22. QAA Subject Benchmarking Group

23. Dates

Origin Date Date of last revision

23/09/2021