Compulsory modules

Financial Economics and Asset Pricing

The aims of this module are to:

  • Introduce students to fundamental concepts in modern portfolio theory.
  • Develop and analyse the formal economic theory of capital markets and the pricing of capital assets.
  • Explain the concept of arbitrage and its relevance to the analysis of asset prices and portfolio management.

Corporate Finance and Derivatives

The aims of this module are to provide:

  • A sound practical and theoretical understanding of corporate finance, in particular corporate investment decisions.
  • Awareness of the major derivative products and markets.
  • Conceptual understanding of arbitrage pricing of financial derivatives.
  • Practical experience of implementing some of the most widely used corporate finance and derivative pricing models.

Research and Communication Skills for Economists

The aim of this module is to equip students with core skills which are valued highly by employers. Students will learn how to think and research like economists when evaluating policy and business related problems.

They will also develop the skills to communicate and present their analysis confidently and persuasively. The emphasis throughout is on gaining skills and attitudes that support the application of economics to questions of contemporary relevance.

Optional modules

Applied Econometrics

The aim of this module is to build on the introductory econometrics taught at level B in order to develop an understanding of more advanced econometrics techniques for time-series, cross-section and panel data.

Developments in Microeconomics

This module aims to introduce rigorous economic and mathematical methods for studying how microeconomic tools are used in the design of public policies. It covers a selection of modern microeconomic methodologies and applications.

The aim is to extend students' microeconomic grasp beyond that covered in Part B in ways which complement other final year modules and equip students with a solid foundation for understanding recent developments in microeconomic theory.

At the end of the module, students should have gained an insight into how information, motivation, behaviour and market structure combine to generate many economic outcomes.

International Money & Finance

The aim of this module is to use macroeconomic theory to analyse open economy issues, paying attention to long run and short run models as well as dynamics.

Behavioural Economics

This module aims to give an understanding of the connection between social objectives and economic policy.

International Trade

The aims of the module are:

  • To provide students with tools that can be used to explore the subject of international trade rigorously at an advanced undergraduate level of analysis.
  • To develop the students' knowledge of the various determinants of international trade in order to be able to account for observed trade patterns.
  • To enable students to identify the welfare effects of trade liberalisation and to evaluate the arguments for trade policies.
  • To introduce students to modern analyses of international trade under imperfect competition.

Developments in Macroeconomics

This module will examine the developments in the underlying foundations of modern macroeconomics from Keynes to the present day, through an analysis of specific macroeconomic models and policy issues.

Environmental Economics

The aims of this module are:

  • To introduce the student to a range of environmental issues, and show how these issues can be analysed using the application of intermediate economic theory and intermediate statistical techniques covered in the degree programme.
  • Show how the above analysis can be used to inform the current domestic and international environmental policy debates.

Entrepreneurship and Innovation

This module aims to equip students with an applied understanding of entrepreneurs and their activities in a wide range of contemporary settings.

Decision and Efficiency Analysis

The aims of the module are to:

  • Develop an understanding of the complex multidimensional nature of decision and efficiency analysis problems faced by managers and policy makers.
  • Develop skills in modelling decision and efficiency analysis problems.
  • Obtain hands-on experience with the use of computers for decision and efficiency analysis in a business or policy environment.
  • Demonstrate the usefulness of decision and efficiency analysis in a global economic context.
  • Examine the societal and ethical implications of decision and efficiency analysis.

Corporate Governance

The aims of this module are:

  • To provide an introduction to corporate governance in the UK.
  • To provide an understanding of different governance mechanisms.
  • To develop relevant transferable skills.

Business Systems

The aims of this module are:

  • To develop an appreciation of the use of Management Information Systems in business contexts, particularly in management planning, decision-making and control.
  • To develop a critical perspective on Information Systems within contemporary organisations and society.
  • To build on previous modules which introduced management aspects of Information Systems and on students' experience of working with such systems during the Industrial & Professional Studies year.

Multinational Financial Management

The aims of this module are to:

  • Build on the pre-requisite modules.
  • Develop an understanding of the practice of financial management in companies operating in the international environment.
  • Develop an understanding of balance of payment dynamics, international capital flows and nature of currency attacks.
  • Develop critical reasoning skills in the context of international financial risk management.

This course explores managing international business and global competition with an understanding of international financial instruments, markets and institutions.

Business Optimisation

The aims of this module are to:

  • Develop the ability to build models to help managers optimise a range of business processes and decisions.
  • Further develop the concepts and skills required to a software use to help managers in decision making.

Industrial Economics

The aim of the module is to develop economic skills to analyse strategic interaction among firms in imperfectly competitive markets or regulated industries.

Central Banking and Financial Crises

The aim of this module is for the student to appreciate how and why central banks use monetary policy, with a view to understanding noteworthy recent and historical policy developments in the UK, the US, Japan, and the Euro area.

Part of the module is geared towards understanding how central banks react to financial crises, with special emphasis placed on the recent global financial crisis, as well as important historical events such as the great depression. The module aims to make students appreciate how the central bank is at the heart of a country's financial and economic system.

Managerial Economics

The module aims to link economic theory to management disciplines. Students will explore the ways in which managers can exploit economic theories to inform their decision-making processes and the impact it has at the macro level. Students will study the economics of management and organisation practices at the firm level. Students will also examine problems faced by managers and will gain a better understanding of the external environment in which the organisation operates. The module will also emphasise the role of corporate governance in the broader corporate environment.

Labour Economics

The module aims to introduce students to key theories in the analysis of labour markets and to develop both a knowledge of empirical evidence and the capacity to evaluate critically the evidence available. The module will introduce students to recent developments in labour economics research and at the same time discuss policy relevant topics.

Development Economics

This module aims to introduce students to development economics, which is the study of how economies are transformed to overcome problems of absolute poverty, from low-income to high-income status and also from stagnation to growth.

The main focus of this module is on the world's poorest. The module examines essential aspects of the economic lives of the poor including poverty and income inequality; gender inequality; human capital - health and education; population growth; financial aid and access; and civil and ethnic conflicts. In part, this module also aims to examine how markets and institutions work (or do not work) for the poor as a basis for understanding development policy debates.

Behavioural Finance

The aims of this module are to:

  • Provide an understanding of mathematical models of behavioural foundations of financial decisions.
  • Develop skills that will enable students to critically analyse financial decisions in greater depth.
  • Deepen and broaden students' conceptual understanding of how financial markets 'actually work' and how people 'actually make decisions' using real-life cases and experimental results.

Rethinking Leadership: Theory and Practice

The aim of this module is to examine the roles of leadership in contributing to organisational and individual outcomes, as well as preparing students for their development into leadership roles.

Project Management

The aims of this module are:

  • To provide students with a critical theoretical and practical understanding of key topics in managing projects.
  • To provide students with an understanding of the role of a project manager.
  • To develop a critical appreciation of business and interpersonal skills relevant to managing projects.

University-wide Language Programme

This is a 10 credit module from the University-wide language programme.