Financial Economics MA

Why choose this course?

This MA will enable you to have a sound understanding of the functions, institutions and instruments of finance, and to know how and why financial systems differ. Taking a pluralist theoretical approach, the MA provides an in-depth study of how finance affects the broader economy, and how the behaviour of firms, households and governments are adapting as the financial sector evolves through processes of innovation and growth. Drawing at all times on empirical data - from flow of funds at the macro level down to balance sheet analysis at the micro level of the firm - you will develop the key analytical skills necessary for carrying out research in contemporary issues in financial economics.

This course offers a good preparation for work in a range of public and private institutions that require a real knowledge of finance and its effect on the broader, contemporary economy. The microeconomic skills you'll develop can be used in roles that undertake company valuation such as private banks or pension funds. The macro focus lends itself to risk management in financial institutions, or in domestic and international regulatory agencies, as well as any organisation looking at the link between finance and development such as development banks.

Like all economics postgraduates, you will be very well placed to gain roles in the Government Economic Service, in economic consultancy or policy positions in think-tanks and non-governmental organisations, but you will have an additional edge with your critical knowledge of finance.

Mode Duration Start date
Full time 1 year September 2022
Location Penrhyn Road

2021/22 entry

If you are planning to join this course in the academic year 2021/22 (i.e. between August 2021 and July 2022), please view the information about changes to courses for 2021/22 due to Covid-19.

 

Continuing students

Students who are continuing their studies with Kingston University in 2021/22 should refer to their Course Handbook for information about specific changes that have been, or may be, made to their course or modules being delivered in 2021/22. Course Handbooks are located within the Canvas Course page.

Reasons to choose Kingston University

  • Our MA is good preparation for work with a range of public and private institutions concerned with issues surrounding financial economics.
  • Kingston's pluralist staff actively research issues such as macroeconomic instability, employment policy, financial regulation, and issues surrounding government intervention.
  • Kingston is involved in research projects for international economic organisations and think tanks. There are links with the heterodox economics community in the UK and beyond.
  • At Kingston you will be part of the postgraduate economics community across the London universities, with opportunities to attend seminars and present work.

What you will study

You will study core aspects of macro- and microeconomic theories, taking a pluralist approach, and develop an understanding of the long-term historical and conceptual context of contemporary issues and debates. Consequently, you will master a range of economic analysis, key analytical skills and empirical background necessary to participate in discussions on financial economic issues.

You will work individually with a member of staff to choose a topic for your dissertation, research this topic and write up your conclusions. Your topic will be a contemporary issue relating to financial economics. You will work on your dissertation with a member of the Economics department who specialises in and pursues research in the field of financial economics.

Modules

Core modules

Economic Change and Ideas

30 credits

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 you 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.

Macroeconomic Theory and Policy

30 credits

This module introduces you to macroeconomic theory and policy at an advanced level. The module first deals with the fundamental issues of demand, growth, unemployment and inflation in the context of classical and Keynesian approaches to understanding aggregate economic behaviour. The module then discusses selected issues in current economic policy and illustrates how different economic theories approach these issues, how economic models are applied to current problems and how different theories lend themselves to different policy conclusions. The topics covered will differ each semester but may well include issues such as unemployment, financial stability and the causes and effects of changes in income distribution.

Financial Economics

30 credits

This module provides you with an understanding of the role of finance in the contemporary economic landscape, covering the central topics in modern, behavioural and critical financial theory. 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.

Applied Econometrics and Methods

30 credits

This 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 your 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 microeconomic analysis explores the theory of consumer and producer behaviour. It introduces game theory as an important framework for contemporary economic analysis. You will learn to manipulate theoretical models of microeconomic behaviour and apply them to the analysis of policy issues.

Economics Dissertation

60 credits

Each student completes a separate individual research project under the supervision of a member of staff. You 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 you 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 you 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 you in their choice of title and to ensure progression of research.

EC 7011 provides opportunities for you to develop academic and professional working skills. The module contributes to key professional working and employability skills eg. working to deadlines; originality; writing coherently and analytically.

The information above reflects the currently intended course structure and module details. Updates may be made on an annual basis and revised details will be published through Programme Specifications ahead of each academic year. The regulations governing this course are available on our website. If we have insufficient numbers of students interested in an optional module, this may not be offered.

After you graduate

Whilst studying this Financial Economics MA, you'll be taught a range of skills to enhance your employability. All students completing the programme will emerge with a sound understanding of the underlying analytical principles and research techniques used in financial economics, as well as the ability to write in a clear and coherent manner about the issues involved. The dissertation evidences the ability to produce an extended piece of research in this field, integrating and demonstrating mastery of this range of skills.

You will be equipped with the required knowledge and skills, and will be seen to be attractive to a range of employers involved in, or dealing with financial issues in both the public and private sector, including governmental and nongovernmental research organisations concerned with finance, financial institutions and industrial firms, government regulatory bodies and academic institutions; it also prepares individuals to act independently as specialists on financial affairs.

If you are already working in finance, the programme will provide you with a mixture of analytical insight and relevant skills that will enable you to enhance your existing career paths. If you would like to proceed onto further study and research, the programme lays the foundations for the continuation of study on an academic career track.

Entry requirements

Typical offer

One or more of the following:

  • successful completion of a certified programme of study in an area appropriate to the content of the degree (normally a good second-class honours undergraduate degree or its equivalent, including, where appropriate, quantitative methods having been studied to an appropriate standard); strong academic performance in other disciplines will be considered on a case-by-case basis;
  • relevant non-certificated learning; and
  • an appropriate combination of certificated and non-certificated learning.

International

Please note: most students from countries outside the European Union/European Economic Area and classified as overseas fee paying, are not eligible to apply for part-time courses due to UK student visa regulations. For information on exceptions please visit the UKCISA website or email our CAS and Visa Compliance team.

All non-UK applicants must meet our English language requirement, which is Academic IELTS of 6.5 overall with no element below 5.5. Make sure you read our full guidance about English language requirements, which includes details of other qualifications we consider.

Applicants who do not meet the English language requirements could be eligible to join our pre-sessional English language course.

Applicants from recognised majority English speaking countries (MESCs) do not need to meet these requirements.

Teaching and assessment

Guided independent study

When not attending timetabled sessions you will be expected to continue learning independently through self-study. This typically will involve reading journal articles and books, working on individual and group projects, preparing coursework assignments and presentations, and preparing for exams. Your independent learning is supported by a range of excellent facilities including online resources, the library and CANVAS, the online virtual learning platform.

Support for postgraduate students

As a student at Kingston University, we will make sure you have access to appropriate advice regarding your academic development. You will also be able to use the University's support services

Your workload

12% of your time is spent in timetabled teaching and learning activity.

Type of teaching and learning

Type of teaching and learning
  • Guided independent study: 1592 hours
  • Scheduled teaching and learning: 208 hours

Contact hours may vary depending on your modules.

How you will be assessed

Assessment typically comprises exams (eg test or exam), practical (eg presentations, performance) and coursework (eg essays, reports, self-assessment, portfolios, dissertation). The approximate percentage for how you will be assessed on this course is as follows, though depends to some extent on the optional modules you choose:

Type of assessment

Type of assessment
  • Coursework: 76%
  • Practical: 16%
  • Exam: 8%

Feedback summary

We aim to provide feedback on assessments within 20 working days.

Your timetables

Each student receives a personalised timetable. This is usually available after you have completed your online enrolment, which is typically accessible one month before the start of your course.

Class sizes

You will be part of an intimate cohort of students which supports dedicated academic guidance and advice and the opportunity to build a life-long network of colleagues. Some modules are common across other postgraduate programmes therefore you will be taught alongside students who are on these courses within the School.

Fees for this course

2022/23 fees for this course

Home 2022/23

  • MA full time £8,560
  • MA part time £4,708

International 2022/23

  • MA full time £15,400
  • MA part time £8,470

2021/22 fees for this course

Home and European Union 2021/22

  • MA full time £8,390
  • MA part time £4,615

Overseas (not EU) 2021/22

  • MA full time £14,900
  • MA part time £8,195

Additional costs

Depending on the programme of study, there may be extra costs which are not covered by tuition fees, which students will need to consider when planning their studies.

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. Accommodation and living costs are not included in our fees.

Where a course has additional expenses, we make every effort to highlight them. These may include optional field trips, materials (e.g. art, design, engineering), security checks such as DBS, uniforms, specialist clothing or professional memberships.

Textbooks

Our libraries are a valuable resource with an extensive collection of books and journals as well as first-class facilities and IT equipment. You may prefer to, or be required to, buy your own copy of key textbooks.

Computer equipment

There are open-access networked computers available across the University, plus laptops available to loan. You may find it useful to have your own PC, laptop or tablet which you can use around campus and in halls of residences. Free WiFi is available on each of the campuses.

Printing

In the majority of cases coursework can be submitted online. There may be instances when you will be required to submit work in a printed format. Printing and photocopying costs are not included in your tuition fees.

Travel

Travel costs are not included but we do have a free intersite bus service which links the campuses and halls of residence.

International Economics Scholarship 2021

International Economics Scholarship 2021

International applicants to MA Development and International Economics, MA Financial Economics and MA International Politics and Economics are eligible to be considered for an ‘International Economics Excellence Scholarship' up to the value of £1,500. The scholarship is a merit-based award, recognising and rewarding applicants who achieved overall curricular and co-curricular excellence before joining Kingston University. International applicants (i.e. overseas fee-paying category applicants) who meet the entry requirements for the three courses above will automatically be eligible for this scholarship. Applicants for the scholarship will be selected based on their full application, including their written statement and references included in the application. There are up to 20 scholarships available for each course listed above. The scholarship will be paid as an adjustment to fees and will be adjusted in the last instalment of the fees paid.

For further information or to check your eligibility, please contact the Head of the Department of Economics, Dr Homagni Choudhury.

Changes to courses for 2021/22 due to Covid-19

Course information (changes for 2021/22 entry)

Composition of the course

The experience of delivering courses in 2020/21 under the various Covid-19 restrictions has enabled us to better prepare and plan the delivery of our courses in 2021/22. We are confident the course can be delivered as planned and, therefore, we do not anticipate having to make any further changes to the course, i.e. number of modules or credits in a year, in response to issues arising from the pandemic. However, if this becomes necessary, the changes will be highlighted to students via email before enrolment.

Unless government advice instructs otherwise, Study Abroad programmes will take place in 2021/22. The safety of all our students is paramount, therefore, as per normal practice, all Study Abroad activities must also be approved by the University's insurers to ensure that students are adequately protected during their period abroad. We will provide updates as the pandemic situation stabilises and/or further government advice is released.

Changes can be made to courses as part of normal enhancement processes in order to keep our courses up to date with current developments in that subject area and in response to feedback from students and other key stakeholders. Any such changes made to the composition of the course will be highlighted to students by email before enrolment.

Modules

The experience of delivering courses in 2020/21 under the various Covid-19 restrictions has enabled us to better prepare and plan the delivery of our courses in 2021/22. We are confident the course can be delivered as planned and, therefore, we do not anticipate having to make any further changes to module titles and summaries or to the availability of modules in response to issues arising from the pandemic.

Changes can be made to modules as part of normal enhancement processes in order to keep our courses up to date with current developments in that subject area and to provide a high quality student experience. Any such changes made to module titles, module summaries and/or availability of modules will be highlighted to students by email before enrolment.

Length of course

We expect to deliver the course within the planned timescales to enable successful students to progress through and graduate from the course without delay.

In exceptional circumstances the sequence of learning and teaching activities may be changed in 2021/22, e.g. moving those modules which can be delivered more effectively to the first teaching block and moving back those – such as practical modules and placements – which may be more difficult to deliver due to some ongoing restrictions.

In some cases, it may be necessary to delay placement modules which may then impact the length of the course. In these circumstances the University will guide students through the appropriate options available to ensure students are able to make informed choices.

Entry requirements (changes for 2021/22 entry)

We have not changed entry requirements as a direct result of the pandemic.

Entry requirements for international students

We have not changed entry requirements for international students as a direct result of the pandemic.

Teaching (changes for 2021/22 entry)

Changes to the way the course will be delivered

As we transition from the pandemic restrictions, we expect to steadily increase the proportion of on-campus teaching. We will continue to provide a proportion of online learning, as experience has shown that this enriches and supports the student learning experience.

If the pandemic affects teaching and learning activities in 2021/22 more than we currently anticipate, the proportion of online learning will increase. However, unless a lockdown is enforced, we will ensure that all courses provide a reasonable percentage of their teaching and learning activities on campus.

Should your circumstances prevent your attendance at on-campus sessions, you should still be able to engage with your course remotely in a way that allows you to progress. Where this is not possible, for example on courses with high practical content, your course team will be able to advise you on the options available to you.

Changes to teaching in the event of a further lockdown or adjustments in government advice

The University will continue to closely monitor government announcements and advice in relation to the pandemic and, where required, will take any necessary action in order to comply with such advice.

In the event that a further lockdown is enforced in 2021/22 the University will aim to deliver the course fully online once more. The majority of our courses are prepared to be delivered fully online if the situation requires it. Where the quality of the student experience may be compromised, or the course is unable to be delivered fully online, the University may need to suspend the delivery of that course until a time that it can be delivered. Students will be supported in these situations to ensure they are able to make the right choices for their particular circumstances.

Changes to the overall breakdown of scheduled teaching hours, placements and guided independent study hours for Year 1

Changes to the overall breakdown of scheduled learning and teaching hours, placements and guided independent study hours were not and will not be made as a direct result of the pandemic.

‘Scheduled learning and teaching' includes teaching delivered online, either live or recorded/on demand.

Timetable

Your individualised timetable for teaching block 1 (i.e. up to December 2021) should be available by the end of August. Timetables for teaching block 2 (i.e. from January 2022) will not be available until the autumn. We make every effort to ensure timetables are as student-friendly as possible.

In 2020/21 it was agreed that scheduled learning and teaching could take place on any day of the week between 9am and 9pm, to maximise the time available for teaching in order to accommodate smaller group sizes and social distancing. This meant we sometimes had to use Wednesday afternoons and enrichment week for additional teaching slots. If we need to accommodate smaller group sizes and social distancing in 2021/22 we expect to adopt a similar approach. Timetables for part-time students will depend on the modules selected.

Assessment (changes for 2021/22 entry)

The experience of delivering courses in 2020/21 under the various Covid-19 restrictions has enabled us to better prepare and plan the delivery of our courses in 2021/22. We are confident the course can be delivered as planned and, therefore, do not anticipate having to make any further changes to the course, i.e. to the overall methods of assessments, in response to issues arising from the pandemic. However, if this becomes necessary, the changes will be highlighted to students via email before enrolment.

Changes are made to modules, including how they are assessed, as part of normal enhancement processes to keep our modules up to date with current developments in that subject area and in response to feedback received from students and other key stakeholders. Any changes to the overall methods of assessment for Year 1 of the course will be highlighted to students by email before enrolment.

If social distancing or lockdown restrictions are in place in 2021/22, online alternative options to formal on-campus examinations, including practical examinations, will be made available to students where possible.

Staff (changes for 2021/22 entry)

No changes are expected to the general level of experience or status of staff involved in delivering the course.

Staff are engaged in Continuous Professional Development activities to develop their teaching expertise, as part of the normal enhancement processes, to ensure that course teams have the required breadth of expertise.

Fees, funding and additional costs (changes for 2021/22 entry)

Tuition fees

There will be no changes to published tuition fees for 2021/22.

Additional costs (e.g. field trips, materials, equipment, etc.)

As we transition from the pandemic restrictions, we expect to be able to increase student access to on-campus facilities. Students will therefore have access to University computers and library facilities.

If, due to an increase in social distancing requirements or the enforcing of a lockdown, it becomes necessary to significantly increase the proportion of teaching delivered online, students will need a personal laptop or computer and access to the internet to participate in online teaching and learning activities. Students who are able to travel will have access to computers on campus, however, it should be noted that access to on-campus facilities might be restricted if social distancing requirements are enforced.

The University is committed to supporting students who are unable to access suitable technology to ensure equity of access in a blended delivery mode.

Funding

There will be no changes to any existing University funding arrangements for 2021/22. Currently there are no indications from the UK government that there will be any changes to government funding arrangements.

Fees and funding for international students

There will be no changes to published tuition fees or funding arrangements specifically relating to international students for 2021/22.

Work placements and field trips (changes for 2021/22 entry)

We are anticipating that placements (including work and clinical placements) and field trips included as part of the course will go ahead in 2021/22. However, to ensure students gain maximum value from placement activities, it may be necessary to reschedule them to later in the year, when any impacts from the pandemic restrictions are minimised.

Any proposed changes to placements or field trips would go through the University's agreed processes where the impact of the change will be carefully considered.

In the interests of the health and wellbeing of our students, all placement arrangements must be approved by the University's insurers and the appropriate risk assessments made before students are sent on a placement.

Courses which require placements or field trips to be completed in order to pass relevant modules will have contingency plans in place in the event that a placement or field trip cannot be completed due to another lockdown or more stringent social distancing measures.

Award, qualification and accreditation (changes for 2021/22 entry)

Qualification

No changes will be made to the qualification awarded, e.g. BSc (Hons), MSc, etc., as a direct result of the pandemic.

Changes can be made to courses, including the qualification awarded (although very rare), as part of normal enhancement processes in order to keep our courses up to date with current developments in that subject area. Any changes made to the qualification awarded for the course will be highlighted to students by email before enrolment.

Accreditation

The experience of delivering courses in 2020/21 under the various Covid-19 restrictions has enabled us to better prepare and plan the delivery of our courses in 2021/22. We are confident the course can be delivered as planned and in accordance with any professional body requirements. We do not anticipate making any further changes to courses in response to any issues arising from the pandemic and which would put at risk any professional body accreditation status.

Additional (changes for 2021/22 entry)

International students should maintain awareness of the UK government's and their home country's government advice on possible travel restrictions. The University will closely monitor advice and guidance published by the UK government and assess its impact on our international students. Appropriate advice and guidance will be provided as and when required.