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MPhil in Finance and Economics - Core Modules

Core Modules


  • F100 : Finance I

    The objective of the double course F100 and F200 is to provide a solid grounding in the principles and practice of financial markets and develop the understanding of the tools necessary to make good financial decisions. The course will cover modern capital markets theory and its applications to corporate finance.

  • F200 : Finance II

    The objective of the double course F100 and F200 is to provide a solid grounding in the principles and practice of financial markets and develop the understanding of the tools necessary to make good financial decisions. The course will cover modern capital markets theory and its applications to corporate finance.

  • F300 : Corporate Finance

    The objective of this course is to present some major theoretical concepts of modern corporate finance. The ideas behind these theories and their rationale will be discussed, and related empirical research will be examined. The course will also acquaint students with the methodology used in corporate finance, in order to enable them to follow advances in corporate finance research on their own.

  • F400 : Asset Pricing

    This course takes place in the Lent (i.e. Spring) term. It consists of 9 two-hour lectures. A provisional list of topics to be covered is as follows:

    • Decision making under uncertainty
    • Concepts of risk and risk aversion
    • Portfolio theory
    • Static Asset Pricing
    • Dynamic Asset Pricing
    • Arbitrage Pricing
    • Stochastic Calculus
    • The Black-Scholes Equation
    • Options
    • Other Derivatives
    • Term Structure and Interest Rates

    This subject is built on microeconomic principles, and a solid understanding of microeconomics is therefore indispensable. A knowledge of linear algebra, calculus and probability theory is assumed throughout the lectures.

  • E100 : Principles of Microeconomics I

    This course will cover the standard economic models of individual decision-making with and without uncertainty, models of consumer behaviour and producer behaviour under perfect competition and the Arrow-Debreu general equilibrium model.

  • E300 : Econometric Methods

    This Modules aims to provide an overview of basic econometric methods. The focus is on understanding and interpreting the econometric assumptions and techniques in light of actual empirical applications. On completion, should be have a solid understanding of basic applied econometric methods; be able to interpret and understand econometric research of others; and confidently use econometrics to analyse different kinds of economic data.