Economics of International Finance and Trade (MSc)
MSc Economics of International Finance and Trade is a one year applied training degree designed to develop your knowledge and understanding of international finance and trade with an emphasis on explaining the global flows of goods, services and finance from both an investor’s and corporate perspectives.
This course fits into our Applied Training Programme which is designed to provide training in new and vocationally attractive skills in Economics. It is appropriate either for graduates with no economics background who wish to understand how markets work and to develop the analytical skills of an economist, or for graduates in economics who wish to develop specialist expertise without committing to full research training. This course provides training that places specialist areas in a wider economic context and shows how the insight from economics can improve workplace performance.
You will develop specific skills highly relevant in the workplace. These include training in the use of statistical and quantitative software packages (e.g. STATA). The course provides you with a firm grasp of some of the methods, models and techniques currently used by firms and in international finance. As part of the course, you will have the opportunity your own research on a topic of particular interest to you. This course lays the foundations for a career in a wide range of financial professions, including international finance and risk management.
You will take compulsory modules in economics, financial econometrics, international trade and international finance. Teaching is provided by members of academic staff, often in a relatively informal learning environment, and programmes may incorporate lectures, seminars, and practical work, including computer lab sessions.
As this programme has a particular focus on the international economy, there are modules specifically designed to give you expert knowledge in this area. These include International Trade, which will introduce models of international trade explaining patterns in global flows of goods, and International Finance, which examines finance from both an investor’s and corporate perspective.
In the autumn semester there is also the option to take the module Financial Markets and in the spring semester Risk Management and Trading. Financial Markets is a technical module which involves the study of financial models that can explain equilibrium asset prices and the term structure of interest rates. Risk Management and Trading is a module to introduce the techniques designed to measure market and credit risk and provide you with an insight into how trader behaviour contributes to bubbles and crashes
Economics at UEA was also ranked fifth in the world and first in the UK in this area according to an independent study by econphd.net and in the most recent Research Assessment Exercise (2008), 95 per cent of our research was found to be of international standing.