|Full time||1 year||
|Part time||2 years||
The Financial Economics MA offers an opportunity to develop the key analytical skills necessary for carrying out research on contemporary issues in financial economics. Students master the tools used for the financing of individual companies – derivatives, investment appraisal and risk management, and also study in depth financial issues affecting the broader economic environment – crises and bubbles in the international economy and financial innovation. Expertise in an applied area of financial economics is highly valued for employment in banks, insurance companies and other financial sector institutions, for firms dealing with the reporting and evaluation of financial information, and domestic and international regulatory agencies focusing on the financial sector.
The Financial Economics MA aims to:
Our masters courses specifically address the typical requirements of those employed as economists in business or government – clear, lucid communication rather than highly technical analysis.
The Financial Economics MA will enable you to master the core range of economic analysis, key analytical skills and empirical background necessary to pursue advanced level research into contemporary issues in financial economics. You will receive thorough grounding in macroeconomic and microeconomic analysis, applied econometrics, a range of approaches for dealing with economic policy issues, and the long term historical and conceptual context of the contemporary issues and debates taking place in economics as a general discipline.
In the Financial Economics module you will acquire advanced knowledge of both the microeconomic aspects of the discipline (eg corporate finance) and the broader macroeconomic issues surrounding financial innovation and systemic instability.
The Financial Economics MA is one of a suite of MA degrees in economics at Kingston University that are focused on giving graduates the ability to analyse real-world problems and generate solutions to these. You will develop the ability to make a critical evaluation of economic policies and the theories and research that underpin them and gain the ability to write and communicate on economic topics at an advanced level, within your chosen area of specialisation.
All MA economics courses share modules dealing with core aspects of macroeconomic and microeconomic theory, applied econometrics and economic policy at an advanced level. Comprehension and evaluation of a range of contrasting economic models will form an important part of your study, but in addition you will develop skills in using economic models and in applying economic analysis to formulating, implementing and criticising policy. You will be encouraged to develop theoretical and applied economic knowledge and understanding within your specific sphere of interest.
The dissertation is the culmination of the degree, and will provide you with the opportunity to acquire and demonstrate mastery of the financial economics specialisation; you will produce in depth research into a contemporary issue concerning a microeconomic or macroeconomic aspect of financial economics and work with a member of the Department of Economics specialising in and research active in the field of finance.
Class test, essays, examinations, graded exercises, practical coursework, presentations, take-home tests, dissertation, literature review and economic reports.
The Department of Economics is actively involved in research on questions of deep current concern, including macroeconomic instability, employment policy, financial regulation, and issues surrounding government intervention. Students will benefit from the active involvement of members of the Department in research projects for international economic organisations and think tanks.
You will have the opportunity to study a foreign language, free of charge, during your time at the University as part of the Kingston Language Scheme. Options currently include: Arabic, French, German, Italian, Japanese, Mandarin, Portuguese, Russian and Spanish.
Please note that this is an indicative list of modules and is not intended as a definitive list.
The first part of the module introduces a range of econometric methods from the perspective of their usefulness in refining and applying economic theory in the context of substantive economic problems. The module aims to develop students’ ability both to understand the analytical basis of these methods and to put them into practice in the context of empirical verification and economic policy decisions. The second part of the module then discusses selected issues in current economic policy. It illustrates how different economic theories approach these issues, how economic models are applied to current economic problems and how different theories lend themselves to different policy conclusions. The topics covered will differ each semester but may include issues such as unemployment, financial stability and the causes and effects of changes in income distribution.
This module develops an historical and analytical narrative of the transformation of economic life from the rise of capitalism and the first and second industrial revolutions to the emergence of the present day globalised and financialised world; it also presents parallel developments in the history of economic ideas. It gives students an opportunity to view the history of the last half millennium through the prism of industrial revolutions and economic crises and examines how, and how well, contemporaneous thinkers such as Adam Smith, Karl Marx, Alfred Marshall and John Maynard Keynes dealt with these dramatic transformations in material life.
This module provides students with an understanding of the role of finance in the contemporary economic landscape, covering the central topics in corporate finance and financial risk management. It explores the nature and the causes of modern financial innovation and the way it affects economic agents. It discusses proper policy responses and regulation that might tame financial instability and enhance economic growth. The breadth of student knowledge is expanded by consideration of empirical instances of the phenomena under investigation.
This module covers macroeconomic and microeconomic analysis at an advanced level. It is a core requirement for students in MA Economics degrees. Macroeconomic analysis deals with the fundamental issues of demand, growth, unemployment and inflation. Students will learn about the classical and Keynesian approaches to understanding aggregate economic behaviour and apply these approaches to the analysis of macroeconomic events and policies. Microeconomic analysis explores the theory of consumer and producer behaviour. It introduces game theory as an important framework for contemporary economic analysis. Students will learn to manipulate theoretical models of microeconomic behaviour and apply them to the analysis of policy issues.
Each student completes a separate individual research project under the supervision of a member of staff. Students may propose a title of their own or choose one in agreement with a member of staff. The main purpose of the project is to enable students to demonstrate knowledge of how economic ideas can be applied in greater length and depth than is feasible in the context of a taught course. Upon completion of the individual research project each student will have designed and implemented a research project in applied or theoretical economics, normally including a critical literature survey and the evaluation of evidence (as appropriate to the project title). A workshop and supervisory meetings are provided to help students in their choice of title and to ensure progression of research.
EC 7011 provides opportunities for students to develop academic and professional working skills. The module contributes to key professional working and employability skills e.g. working to deadlines; originality; writing coherently and analytically.
All modules are core.