Quantitative Financial Economics (MSc)
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 in the financial services sector and beyond. As part of the course you will have the opportunity to broaden your econometric skill set, including skills required to undertake your own research on a topic of particular interest to you. This degree programme will lay the foundations for a career in a wide range of financial professions.
You will take compulsory modules in economics, financial econometrics, financial markets, international finance and risk management and trading. 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.
There are specialist modules designed for this programme, including Financial Markets and 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 includes an introduction to techniques designed to measure market and credit risk and provide you with an insight into how trader behaviour contributes to bubbles and crashes.
There is also the option to take the module Money and Banking in which you will consider the role of money, central banking and monetary policy and gain an insight into the global financial system and challenges it has faced.
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.