Module
descriptions

for MSc Finance

Banking Regulation

This module looks at financial regulation codes and legislation across the globe. You will critically analyse a range of rules, legislation issues and supervisory approaches with respect to risk, performance and strategic decisions related to the banking and financial industry. The module will develop your capacity to work in a regulatory or supervisory authority, as well as to understand how the regulatory framework may impact on the different segments of the financial system.

Bank Risk Management

The nature of banking has been transformed in recent years by globalisation, financial innovation and changes in the regulatory environment. The global banking crisis has led to ongoing effort to develop more effective approaches to managing risk. This module explores the constraints and opportunities that banks face in a climate of intense global competition. You will learn to critically analyse the risks involved in banking and how to apply the main methodologies and techniques to measure, monitor and manage those risks.

Bond Markets and Credit Derivatives

This module explores the theory and practice of credit derivatives. It offers a framework knowledge of derivatives with special reference to fixed income assets, such as bonds and related products. It will enable you to solve complex problems in a financial and business context and to use appropriate financial techniques in order to make decisions from various options.

Corporate Finance

This module will develop your understanding of corporate finance theory and practice. You will explore the interrelationship between investment decisions, financing and corporate value and build a solid understanding of financial, interest rate, cash flow, valuation and structuring techniques. The module will give you the underpinning knowledge you need for studying other modules in banking regulation, monetary policy and investment analysis.

Corporate Valuation

You will make a critical examination of reporting and accounting policies and their effect on the numbers in financial statements, as well as learning to analyse financial statements from an investment perspective and the use of financial statements, particularly for valuation. You will see accounting ‘come to life’ as you apply what you learn to valuation issues.

Econometrics

In order to complete quantitative data analysis in the area of finance, you will cover a selection of the following topics in this module: multivariate regression; maximum likelihood and methods of moments estimation; hypothesis testing; omitted variables and misspecification; asymptotic theory; measurement error and instrumental variables; time-series modelling; event study analysis; econometric tests of the CAPM and multifactor models; volatility modelling. You will also be introduced to using mixed methods research that combines the collection and analysis of quantitative and qualitative data, once the quantitative and qualitative approaches are complete.

Investment Analysis

This module will develop your understanding of investment theory and practice. It offers a framework of consistent fundamental principles that will enable you to confront challenges throughout your professional working life. You will explore financial concepts and learn the techniques used in investment analysis and how they can be applied in real world situations.

Monetary Policy and Central Bank Operations

This module will develop your understanding of monetary policy theory and practice. It covers the interrelationship between monetary policy decisions, interest rates and investment decisions, and highlights how the banking business and interest rates are affected by monetary policy forces. You will gain an insight into the techniques used in monetary policy and how they can be applied in real world situations, exploring the experience of a range of economies in conducting monetary policy.

Research Methods

This module will give you an understanding of research through applying quantitative and qualitative data analysis. Quantitative data analysis includes statistical and econometric methods. Qualitative data analysis includes interview, survey and case study analysis. You will apply what you learn in your dissertation work and in the research-influenced environments you are likely to encounter in your future career.

Trading and Hedge Funds

Trading is a vital function in the global financial markets. To succeed, traders must not only have a good grasp of global economic fundamentals but must also understand technical indicators and market behaviour. This module will give you practical exposure to the art and science of trading through the creation of your own trading strategy for potential investors. You will examine the main tools traders use to make decisions in the global financial markets, and learn how to consider the behavioural aspects of the market as well as economic and political factors.

Dissertation

You will undertake an independent piece of research, focusing on the selection and analysis of a topic, design of the research, its execution and presentation in written form. It is the most important element of the MSc programme, demonstrating your technical mastery in your field of specialisation and ability to undertake independent scholarly work in today’s research-influenced global environments.