You will take the following core course units and undertake examinations in May and June.
Core course units:
This unit addresses the behaviour of individuals and firms in the economy, examining issues such as individual optimisation, the behaviour of the firm in different market environments, exchange and general equilibrium. Applications to various markets such as the labour market will also be discussed as will be market failures in the presence of asymmetric information, externalities, and public goods.
This unit aims to provide you with an understanding of macroeconomics at the intermediate level and to provide you with an integrated framework for thinking about the determinants of aggregate variables like unemployment, investment, consumption, interest rates, inflation, exchange rates and the balance of trade (netexports).
You will be introduced to the mathematical theory of optimisation. Understanding optimisation theory will also require the study of linear algebra and calculus. In the second term, you will develop your econometric and statistical skills, and you will use those skills to analyse data sets.
You will be provided with and insight into the nature of financial markets and their use by investors and corporations. The first part of the course deals with optimal asset allocation. Topics include mean-variance analysis, the Capital Asset Pricing Model (CAPM), as well as factor portfolios and Arbitrage Pricing Theory (APT). This is followed by an overview of the microstructure of financial markets. In this topic, we analyze the price formation process, including the effect of asymmetric information.
On completion of the course graduates will have:
the training in the principles of economics and their applications comparable to that in the single honours economics BSc.
been stimulated intellectually through the study of economics and to lead them to appreciate its application to a range of problems and its relevance in a variety of contexts.
developed the ability to apply the knowledge and skills they have acquired to the solution of theoretical and/or applied problems in economic policy.
been equipped with appropriate tools of analysis to tackle issues and problems of economic policy.
developed, through the study of economics, a range of transferable skills that will be of value in employment and self-employment.
been provided with analytical skills and an ability to develop simplifying frameworks for studying the real world and to be able to appreciate what would be an appropriate level of abstraction for a range of economic issues.
been provided with the knowledge and skill base from which they can proceed to further studies in Economics and related areas.
View the full course specification for Financial Economics (Graduate Diploma) in the Programme Specification Repository.