MSc Financial Economics – SH506
1. Objectives
The objectives of the MSc Financial Economics programme are:
To provide advanced postgraduate training in financial economics with emphasis on
financial markets and international finance, and with applications to real world situations
by business firms, financial institutions, and government agencies.
To prepare individuals to assume key positions of responsibility by upgrading their
knowledge and skills to comparable international standards.
To develop the ability to identify problems and the capacity for decision-making, leading
to practical solutions.
To enhance the individual’s capacity to meet emerging challenges within an organisation
with a view to increasing domestic and international competitiveness in a rapidly changing
global environment.
2. General Entry Requirements
In accordance with the University General Entry Requirements for admission to Postgraduate
degree Programmes.
3. Programme Requirements
At least a Second Class Honours Degree from a recognised University.
4. General and Programme Requirements - Special Cases
The following may be deemed to have satisfied the general and programme requirements for
admission:
(i) Applicants who do not satisfy any of the requirements as per Regulations 2 and 3 above
but who submit satisfactory evidence of having passed examinations which are deemed by
the Senate to be equivalent to any of those listed.
(ii) Applicants who do not satisfy any of the requirements as per Regulations 2 and 3 above
but who in the opinion of Senate submit satisfactory evidence of the capacity and
attainments requisite to enable them to pursue the programme proposed.
(iii) Applicants who hold a full practising professional qualification obtained by examination.
5. Programme Duration
Minimum Yrs Maximum Yrs
Master’s Degree: 2 4
Postgraduate Diploma 2 4
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6. Credits per Semester
As per University Regulation.
7. Minimum credits required for degree award: 36 credits
Core Modules Dissertation Electives Total
Master Degree 18 credits 9 credits 9 credits 36 credits
Postgraduate Diploma 18 credits - 9 credits 27 credits
8. Assessment
Continuous and written assessment of modules
All modules will carry 100 marks and will be taught over 1 semester and examined at the end
of the academic year with details as follows (unless otherwise specified):
Written examination of 2 to 3 hour duration and continuous assessment carrying 10% to 40%
of total marks.
Examinations for all modules whether taught in semester 1, 2, 3, or 4 would be held at
the end of the academic year.
Continuous assessment can be based on seminars and/or assignments and should include at
least 1 class test.
For a student to pass a module, a minimum of 30% should be attained in both of Continuous
Assessment and Written Examination separately, with an overall total of a minimum of 40% in
that module.
No resit examinations will be organised. Instead, students will be allowed to carry forward a
maximum of three modules at any point in time and will be allowed to sit for the examinations
with the next cohort of students.
All modules carry their own credit value.
Submission Deadlines for Dissertation
1st draft end of July in the final year
Final copy: Last week day of August in the final year by 4.00 pm at latest
9. Repeat and termination of registration
If the CPA of a student is < 40% for an academic year, s/he will have to repeat the entire
academic year, and retake modules as and when offered. However, s/he will not be required, if
s/he wishes, to retake modules for which Grade C or above has been obtained.
Students will be allowed to repeat only once over the entire duration of the Programme of
Studies.
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Registration of a student will be terminated if
(i) the CPA < 40% at the end of an academic year and the student has already repeated
one year of study; or
(ii) the maximum duration allowed for completion of the Programme of Studies has been
exceeded.
10. Choice of Electives and Specialization Area Modules
Students will be required to submit their choice of Electives and Specialization Area Modules
in order of priority by the middle of Semester I of Year I.
The University reserves the right not to offer a given Elective Module if the critical number of
students is not attained and/or if there are resource constraints.
11. List of Modules
CODE MODULE NAME HRS/WK CREDIT
L+P
CORE MODULES
ECON 6012 Economics of Financial Markets1+ 3+0 3
ECON 6013 Quantitative Techniques1 3+0 3
ECON 6014 Macroeconomic Environment1 3+0 3
ECON 6015 Asset Pricing and Financial 3+0 3
2+
Derivatives
ECON 6016 International Financial Markets2 3+0 3
DFA 6202 Corporate Finance2 3+0 3
ECON 6000 Dissertation - 9
ELECTIVES
ECON 6017 Actuarial Analysis4 3+0 3
DFA 6300 Financial Reporting, Analysis and 3+0 3
Corporate Governance3
ECON 6019 Financial Services Regulation3 3+0 3
ECON 6038 Contemporary Issues in Financial 3+0 3
Economics3
ECON 6021 Financial Econometrics3 3+0 3
ECON 6020 E-Banking4 3+0 3
ECON 6037 Advanced Financial Modelling & 3+0 3
Forecasting4
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12. Programme Plan
YEAR 1
CODE MODULE NAME HRS/WK CREDIT
L+P
CORE MODULES
ECON 6012 Economics of Financial Markets1+ 3+0 3
ECON 6013 Quantitative Techniques1 3+0 3
ECON 6014 Macroeconomic Environment1 3+0 3
ECON 6015 Asset Pricing and Financial 3+0 3
Derivatives2+
ECON 6016 International Financial Markets2 3+0 3
DFA 6202 Corporate Finance2 3+0 3
YEAR 2
CORE MODULE NAME HRS/WK CREDIT
MODULES L+P
ECON 6000 Dissertation - 9
ELECTIVES Choose 3 from the following with 2
in semester 3 and 1 in semester 4:
ECON 6017 Actuarial Analysis4 3+0 3
DFA 6300 Financial Reporting, Analysis and 3+0 3
Corporate Governance3
ECON 6038 Contemporary Issues in Financial 3+0 3
Economics3
ECON 6019 Financial Services Regulation3 3+0 3
ECON 6021 Financial Econometrics3 3+0 3
ECON 6020 E-Banking4 3+0 3
ECON 6037 Advanced Financial Modelling & 3+0 3
Forecasting4
NOTE
(i) Electives will be offered subject to availability of minimum number of students and
Faculty resources.
1, 2 , 3 and 4
(ii) represent modules taught in semester 1, 2, 3 and 4 respectively but examined at
the end of the academic year.
(iii) + represent modules assessed jointly.
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