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Department of Economics, Unit Catalogue 2011/12

ES50074: Financial economics

Click here for further information Credits: 6
Click here for further information Level: Masters UG & PG (FHEQ level 7)
Click here for further information Period: Semester 1
Click here for further information Assessment: CW 30%, EX 70%
Click here for further information Supplementary Assessment: ES50074A - RESIT EXAM (where allowed by programme regulations)
Click here for further information Requisites:
Click here for further information Description: Aims:
To equip students with the capacity to critically evaluate the fundamental concepts in modern financial economics.
To develop a range of appropriate quantitative skills, such as dynamic methods and optimising asset pricing models.
To enable students to develop the ability to apply analytical and statistical techniques to market data and critically evaluate the results.

Learning Outcomes:
On successful completion of the unit students will have acquired comprehensive understanding of the roles of the capital markets, pricing assets in speculative markets, the importance of market imperfections, excessive volatility. The students are expected to demonstrate subject-specific technical skills in asset valuation under different market environments and ability to conduct simple empirical investigations.


* Use of optimization techniques in the context of financial economics. (F/T)
* Understanding the concept of risk and the attitude of economic agents towards it. (F/T)
* Use of IT for data collection, use of the appropriate software to conduct small scale empirical research (F/T).

This unit provides knowledge of financial markets in a macro- and microeconomic context. Students learn the relevant processes of financial markets in underlying and derivative markets with regard to price and expectations formation. They gain an analytical insight into the effect macroeconomic variables have on the financial markets. The unit aims to closely combine theoretical knowledge with empirical evidence.
Click here for further informationProgramme availability:

ES50074 is Compulsory on the following programmes:

Department of Economics
NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.