You are viewing this course for 2021-22 entry. 2022-23 entry is also available.

MSc
2021 start

Finance

Department of Economics, Faculty of Social Sciences

Our MSc will give you the edge in understanding corporate finance and pricing assets, and applying the latest economic principles.
Economics students in lecture theatre

Course description

This prestigious course will give you the edge in understanding corporate finance and pricing assets, and applying the latest economic principles. It will prepare you for a career in corporations and government bodies involved with stock markets, project investment and the finance industry.

Applying for this course

Applications for this course are open from 1 March 2021 to 10 September 2021 (or 30 August 2021 if you require a visa to study in the UK).

Modules

Core modules:

Modern Finance

This module will introduce you to some of the key concepts and methods in modern finance. This is an analytical module, which reflects the quantitative nature of the subject and in which each topic is developed from first principles. The module will cover the theoretical foundations of investor choice and portfolio selection based on utility theory, using these to provide a rigorous foundation for the Capital Asset Pricing Model. You will then examine some of the empirical issues that arise in the practical use of the theory.

15 credits
Corporate Finance

The purpose of the course is to give a solid foundation in principles of corporate finance and asset pricing to understand and analyse the major issues affecting the financial policies of corporations. More specifically, the following topics will be dealt with: the time value of money, valuation of bond and equity, risk/return tradeoffs, portfolio theory, initial public offerings, capital structure, payout policy, and market efficiency.

15 credits
Macroeconomic Analysis

Macroeconomics concerns the behaviour of the economy as a whole. In this module you will develop a coherent framework for understanding macroeconomics building on microeconomic foundations. The module will analyse the source of business cycle fluctuations, the aims of monetary policy in advanced economies, including the design of optimal monetary policy. It will also provide an advanced understanding of fiscal policy and debt dynamics. You will be introduced to the concept of financial frictions in the context of the last financial crisis, and gain an understanding of the aims and challenges faced by monetary policy makers.

15 credits
Econometric Methods

This module will develop your core econometrics skills. The first half of the module provides a grounding in key econometric techniques covering elements such as the classical linear regression model, hypothesis testing and problems of non-spherical disturbances. More advanced topics are then introduced in the second half of the module. Specifically you will focus upon topics in microeconometrics: including modelling discrete binary variables; censoring and sample selection, and then topics in macroeconometrics including: economic forecasting; stationarity; and cointegration. You will also develop a knowledge of using econometric software Stata.

15 credits

The content of our courses is reviewed annually to make sure it's up-to-date and relevant. Individual modules are occasionally updated or withdrawn. This is in response to discoveries through our world-leading research; funding changes; professional accreditation requirements; student or employer feedback; outcomes of reviews; and variations in staff or student numbers. In the event of any change we'll consult and inform students in good time and take reasonable steps to minimise disruption. We are no longer offering unrestricted module choice. If your course included unrestricted modules, your department will provide a list of modules from their own and other subject areas that you can choose from.

Duration

  • 1 year full-time
  • 2 years part-time

Entry requirements

2:1 undergraduate degree in economics.

We will also consider students with very good degrees in related subjects with a strong background in macroeconomics, microeconomics, mathematics and statistics.

Overall IELTS score of 6.5 with a minimum of 6.0 in each component, or equivalent.

We also accept a range of other UK qualifications and other EU/international qualifications.

If you have any questions about entry requirements, please contact the department.

Apply

Applications for this course are open from 1 March 2021 to 10 September 2021 (or 30 August 2021 if you require a visa to study in the UK). You'll still apply for this course in the usual way, using our Postgraduate Online Application Form.

Application form

Contact

economics-admissions@sheffield.ac.uk
+44 114 222 3456

Any supervisors and research areas listed are indicative and may change before the start of the course.

Our student protection plan

Recognition of professional qualifications: from 1 January 2021, in order to have any UK professional qualifications recognised for work in an EU country across a number of regulated and other professions you need to apply to the host country for recognition. Read information from the UK government and the EU Regulated Professions Database.

Explore this course:

    Dr Mark Bryan, Department of Economics

    Dr Mark Bryan

    Dr Mark Bryan is an expert in labour economics, micro-econometrics and wellbeing. He has advised the UK government on issues such as the minimum wage and the impact of the recession. He is a co-investigator on a Health Foundation project on the social and economic value of health.

    Mark teaches on the module Public Policy Evaluation which explores techniques to find out the direct causal effect of a given government policy, identifying the difference between what actually happened and what would have happened without the policy.

    ECNT53 Off