MSc Economics & Finance

Key facts

  • Start date: September
  • Accreditation: Triple-accredited business school AACSB, EQUIS, AMBA
  • Study mode and duration: 12 months full-time
  • 2nd in the UK for Accounting & Finance: Complete University Guide Subject Tables 2020

Study with us

  • enhance your knowledge and skills in a range of economics, finance, analysis and quantitative methods
  • learn to analyse, understand and explain complex economic and financial issues
  • develop specialised skills through choice of options

 

 

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Why this course?

The aim of the MSc Economics & Finance is to produce highly skilled professionals who can analyse, understand and explain the complex economic and financial issues that arise in a globalised world. 

Jointly delivered by the Departments of Economics and Accounting & Finance, you will study the interaction between economics and finance, which is now critical to understanding the world we live in. 

Training in these subjects will equip you for finding employment in the public or private sector as economists, analysts or consultants. 

There is a strong emphasis on developing and applying skills learned in classes to real-world situations. 

The practitioner seminar series within our Professional Development for Economists class provides you with opportunities to learn from senior figures in business, consultancy and government about the key economic issues of the day and their own journey to the top of their chosen career. Many of the speakers are our own graduates.  

We're ranked 2nd in the UK for Accounting & Finance in the Complete University Guide Subject Tables 2020.

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What you'll study

The programme is centred on a suite of core classes designed to develop and enhance your knowledge and skills in a range of economics, finance, analysis and quantitative methods subject areas. You'll be able to pursue your own individual interests and further develop specialised skills relevant to your chosen career paths through a wide range of elective classes.

Summer Project

The MSc is completed by producing a piece of research in the summer term. You'll have the choice to undertake a substantive piece of applied work on a topic that is of particular interest to you, with supervision provided by an appropriate member of staff (in Economics), or to undertake shorter empirical projects in Finance during the summer months. These choices lets you apply the skills and learning you have developed during the course of your taught classes.

 

 

 

Triple-accredited business school

AACSB accreditation logo
EQUIS accreditation logo
AMBA accreditation logo
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Course content

Accounting & Financial Analysis

The aim of this class is to provide you with an understanding of the basic principles of financial accounting and financial analysis, the ability to interpret financial statements and their use in assessing the financial position and performance of companies.

This class provides an introduction to the principles of accounting and the analysis of financial statements. It will enable you to prepare financial statements in accordance with International Financial Reporting Standards (IFRS) and to interpret and analyse these statements. Particular emphasis is placed on the accounting concepts and information employed in financial analysis and decision taking.

You'll develop the ability to prepare and interpret financial statements and construct cash forecasts. In addition, you'll develop an understanding of the demand and supply for accounting information; an appreciation of the role of financial analysis and analysts; and an awareness of the statistical characteristics of accounting numbers.

Find out more in the class outline of Accounting & Financial Analysis.

Analysis of Economic Data

This module introduces some of the statistical methods commonly used in applied economics with an emphasis on regression analysis.  

You'll focus on understanding and application but also consider some of the more formal concepts required to engage in econometric work with confidence.

Fundamentals of Macroeconomics

You’ll learn about key macroeconomic variables and how changes in GDP, unemployment and inflation can impact on day-to-day policy and business decisions. You'll also study objectives and challenges in the design of macroeconomic policies by central banks and government’s finance departments and gain an understanding of how policies impact on the macroeconomic environment.

Fundamentals of Microeconomics

This class will introduce you to some key concepts and principles of economics, focusing particularly on consumer theory and the theory of the firm. You’ll be shown how these concepts and theories are applied to the analysis of a range of contemporary real world issues.

International Macroeconomics

This course will enable you to understand global trends and to study the key drivers of international economics, including how exchange rates move; what determines flows of international investment; and why some countries grow more quickly than others.  With the global economy becoming ever more integrated, understanding of these issues is important for the applied Economist working within business, consulting and policy.

Principles of Finance

This class provides an introduction to the basic principles of financial decision taking and the theory of finance. It will develop the basic principles of valuation, the nature of risk and uncertainty, and the relationship between risk and returns. While the analysis will be developed in the context of corporate finance, looking at companies’ decisions on the investments in assets and how these investments will be funded and the nature of the markets in which they take place, it will also consider the principles underlying financial reasoning that can be applied on a more general basis.

Find out more in the class outline for Principles of Finance.

Professional Development for Economists

This class is a truly distinctive feature of our MSc, combining a practitioner seminar series with site visits and skills development sessions. You will learn about topical issues in economics from invited speakers who are working as Economists in business, consultancy or policy roles as well as developing core transferable skills that extend the applied Economist’s toolkit. These skills include writing accessible briefing notes, presenting data, team working, planning and delivering on consultancy projects, leadership skills and gaining experience in presenting findings.

This class is complementary to the other classes and is fundamental to developing the skills that are sought after by employers.

Option 1

Advanced Corporate Finance & Applications

The aim of this class is to discuss the different ways in which firms can raise funds, internally and externally, and the role of capital markets in determining the terms on which funding will be available. The costs and risks of difference sources of financing and the role of taxation will also be covered.

It will also provide you with a working knowledge of the leasing decision of a firm, of corporate financial planning, the management of working capital, the rationale for mergers and acquisitions, the implications of corporate governance, and issues related to corporate financial restructuring.

The class will cover the capital structure of companies, and their ability to raise finance through initial and seasoned equity capital issues. It will also examine mergers and acquisitions as major investments undertaken by companies, the firm’s working capital policy, and their payout policy in the form of dividends and stock market buybacks. It will be conducted through a series of lectures and tutorials.

Find out more in the class outline for Advanced Corporate Finance & Applications.

Or
Derivatives & Treasury Management

The aim of this class are to provide a strong grounding in derivatives that may be used to manage the financial risks faced by individuals, financial institutions and business corporations. It places an emphasis on corporate treasury management and the role of derivatives in managing treasury risk.

Find out more in the class outline for Derivatives & Treasury Management.

Option 2

Topics in Corporate Finance

In this class, you'll discuss the different ways in which firm's can raise funds, internally and externally, and the role of capital markets in determining the terms on which funding will be available, the costs and risks of difference sources of financing, and the role of taxation.

And
Derivatives

The aims of this class are to provide a strong grounding in derivatives that may be used to manage the financial risks faced by individuals, financial institutions and business corporations.

In particular, the class will examine futures and forward contracts, options, swaps and credit derivatives, and how these may be used for speculation, hedging, and arbitrage purposes. The emphasis is on understanding the pricing of these derivatives and the strategies devised to hedge long and short positions in underlying assets such as equities, bonds, and interest rates.

The role of derivatives in the global financial market is also covered, including a discussion of the difficulties due to the regulatory framework of derivatives and the (partial) lack of regulation of derivatives. Emphasis is placed on practical techniques and the solution of problems, though not to the exclusion of theory. It will develop students’ understanding of international finance and capital markets, foreign exchange risk management and derivatives.

You'll have the opportunity to choose two classes from the following list:

Behavioural Finance

The aim of the class is to provide you with an understanding of the main ideas of behavioural finance. A particular emphasis is placed on understanding the roles of non-rational actions and the development of new financial models that incorporate these ideas.

You'll engage with up to date research and develop a critical view of existing and new finance theories and models. It aims to introduce you to the rapidly evolving area of behavioural finance. You'll develop an understanding of behavioural finance and an appreciation of its possible implications and applications.

This class introduces you to behavioural finance and provides you with an understanding of the main flaws of 'traditional' finance theory from a behavioural finance viewpoint. It will allow you to develop the ability to discuss issues arising from violations of the rationality assumption and will enable you to evaluate new theoretical models based on research in psychology.

The course will allow you to appreciate the role of new developments in finance and their possible implications for established views of the functioning of financial markets.

Find out more in the class outline for Behavioural Finance.

Energy Economics

In this class you will explore key economic issues at the heart of topical energy questions – building on the University’s outstanding reputation as a centre of excellence in energy technology and policy. The class covers the objectives of energy policy; private and social perspectives on energy supply and demand; the special case of regulation of energy markets; the use of economic models in energy analysis; the economics of oil and gas activity and links between energy use and the energy sector and an economy.

Environmental Economics

A growing, and increasingly important, part of the work of many applied Economists includes the economic analysis of environmental issues. Additionally, many professionals working in the fields of energy, the natural environment, or business more generally will find that their careers require some working knowledge of economic approaches to environmental problems. The main objective of this class is to provide a thorough grounding in the economics of the environment, with a particular focus on environmental protection in an international policy context, such as climate change the loss of biological diversity.

Games of Strategy

In this class you will study decision making in strategic scenarios where the outcome of a decision depends not only on your decision but also the decisions made by others. This is a key class for those considering careers in industry where competition is crucial and effective market strategies are vital to the success of the business. You will learn how to make effective decisions in such environments and to gain an advantage over your competitors.

International Development

This class will introduce policy relevant issues and knowledge in the economics of development. Lectures will combine insights from theoretical economic models with policy-relevant empirical evidence on in low-income countries. Moreover, through the thorough analysis of empirical research, the class will assist students in developing skills required to make an effective contribution working as an applied economist.

Management Accounting

The course aims to give you a foundation in the theory and practice of management accounting. It emphasises the role of the management accountant in helping the owners and managers of a business to make decisions.

Different accounting information is required for different purposes: conventional cost accounting emphasises product costs for the allocation of costs between the cost of goods sold and inventories; decision-relevant costs provide information to help managers make resource allocation decisions; and responsibility accounting, cost control and performance measurement focus on both financial and non-financial information.

This course provides an introduction to the theory and practice of management accounting. It covers management accounting principles and their relevance to the business environment. It further involves a detailed exploration of the uses of management accounting information in the financial decision making process.

Find out more in the course outline.

Portfolio Theory & Management

The aim of this class is to examine the Markowitz (1952) approach to optimal portfolio selection. The class explores issues relating to optimal portfolio choice and issues in practical fund management.

Find out more in the class outline for Portfolio Theory & Management.

Security Analysis

The aim of this class is to develop an appreciation of the investment characteristics of different types of securities, particularly bonds and shares, and to develop an understanding of how such securities are valued. This class will build on the analysis developed in the first semester class, Principles of Finance. It will consider the determination of interest rates, the valuation of bonds, the management of bond portfolios, and the valuation of equities.

Find out more in the class outline for Security Analysis.

Topics in Public Economics

Learning & teaching

Core and elective classes will be taught across two semesters running from September to December and January to March. Classes will be taught through a combination of lectures, tutorials, group and individual projects, labs, workshops and visits. Summer projects are undertaken during the summer months. 

Assessment

Every class will either have a class test or assignment during semesters 1 and 2. Exams will take place at the end of each semester in December and April/May.

Strathclyde Business School

Strathclyde Business School was founded in 1948 and is a pioneering, internationally renowned academic organisation with a reputation for research excellence.

One of four faculties forming the University of Strathclyde, SBS is a triple-accredited business school (AACSB, EQUIS and AMBA) and was the first business school in Scotland to achieve this accolade in 2004. The Business School is home to seven subject departments and a number of specialist centres, all of which collaborate to provide a dynamic, fully-rounded and varied programme of specialist and cross-disciplinary courses.

Strathclyde Business Network

As a postgraduate student at Strathclyde Business School, you may choose to join the Strathclyde Business Network, a student-led initiative that facilitates interaction with business and industry leaders.

The Network aims to foster knowledge sharing, facilitate discussion and enable networking opportunities with the very best business professional in industry. Every year the Network organises Glasgow Business Summit, which is the first-ever student-led business conference in Scotland and brings together students with leading businesses from across the UK.

QS logo 2019 - 5 stars
Complete University Guide League Tables logo - 2nd Place for Accounting & FInance
Financial Times European Business Schools Rankings logo 2018
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Entry requirements

Academic requirements/experience

Minimum second-class Honours degree, or overseas equivalent (see our country pages for further information) in any subject. Relevant backgrounds include economics, finance, business studies, management, mathematics, environmental studies, politics, public policy and international affairs. We also welcome applications from students with strong career experience in a relevant field.

English language requirements

Students whose first language is not English must have a minimum of 6.5 IELTS score, with no individual score lower than 5.5. Get more information about the English language requirements for studying at Strathclyde.

Pre-Masters preparation course

The Pre-Masters Programme is a preparation course held at the University of Strathclyde International Study Centre, for international students (non EU/UK) who do not meet the academic entry requirements for a Masters degree at University of Strathclyde. The Pre-Masters programme provides progression to a number of degree options.

Upon successful completion, you will be able to progress to this degree course at the University of Strathclyde.

International students

We've a thriving international community with students coming here to study from over 100 countries across the world. Find out all you need to know about studying in Glasgow at Strathclyde and hear from students about their experiences.

Visit our international students' section

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Fees & funding

2020/21

All fees quoted are for full-time courses and per academic year unless stated otherwise.

Scotland/EU

£13,550

Rest of UK

£13,550

International

£22,050

Additional costs

Finance

Textbooks vary in price from around £40 to £100. The majority are provided free in the library or through MyPlace, our Virtual Learning Environment. We recommend that you allow £200 per academic year for books.

Students may be required to make hardcopy submissions for some assignments and will cover the cost of printing. Students are required to print and soft bind their project submission. An average cost would be in the region of £10.

Economics

Class materials comprise textbooks and course handbooks. All of the compulsory handbooks are available to students free on MyPlace, our Virtual Learning Environment. Some classes may have a recommended core textbook which you may wish to purchase but copies will be available in the library.

There will be Final Project print and binding costs.

There is a cost for graduation gown hire.

Available scholarships

Take a look at our scholarships search for funding opportunities.

Please note: the fees shown are annual and may be subject to an increase each year. Find out more about fees.

How can I fund my course?

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Scottish and non-UK EU postgraduate students

Scottish and non-UK EU postgraduate students may be able to apply for support from the Student Awards Agency Scotland (SAAS). The support is in the form of a tuition fee loan and for eligible students, a living cost loan. Find out more about the support and how to apply.

Don’t forget to check our scholarship search for more help with fees and funding.

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Students coming from England

Students ordinarily resident in England may be to apply for postgraduate support from Student Finance England. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. Find out more about the support and how to apply.

Don’t forget to check our scholarship search for more help with fees and funding.

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Students coming from Wales

Students ordinarily resident in Wales may be to apply for postgraduate support from Student Finance Wales. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. Find out more about the support and how to apply.

Don’t forget to check our scholarship search for more help with fees and funding.

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Students coming from Northern Ireland

Postgraduate students who are ordinarily resident in Northern Ireland may be able to apply for support from Student Finance Northern Ireland. The support is a tuition fee loan of up to £5,500. Find out more about the support and how to apply.

Don’t forget to check our scholarship search for more help with fees and funding.

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International students

We've a large range of scholarships available to help you fund your studies. Check our scholarship search for more help with fees and funding.

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Careers

As a graduate of this course, you'll be well suited to find employment in any job where a good knowledge of economics and finance is required. Students recently graduating from the course have secured jobs including Analyst, Liquidity Risk Reporting Analyst, Credit Officer, Tax Associate, Partner, and Consultant. 

Recent examples include former students working in the following areas:

  • financial institutions including JP Morgan in Mumbai, BankMuscat in Oman, and PWC and Barclays Investment Bank in Glasgow
  • banks, including Banco Industrial in Guatemala, Nordic Corporate Bank in Norway, and Bangkok Bank in Thailand, management consultancies, including Virtusa in Sweden.

Glasgow is Scotland's biggest & most cosmopolitan city

Our campus is based in the very heart of Glasgow, Scotland's largest city. National Geographic named Glasgow as one of its 'Best of the World' destinations, while Rough Guide readers have voted Glasgow the world’s friendliest city! And Time Out named Glasgow in the top ten best cities in the world - we couldn't agree more!

We're in the city centre, next to the Merchant City, both of which are great locations for sightseeing, shopping and socialising alongside your studies.

Find out what some of our students think about studying in Glasgow!

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Apply

Economics and Finance

Qualification: MSc
Start Date: Sep 2020
Mode of Delivery: full-time

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Contact us

SBS Postgraduate Admissions

Telephone: +44 (0)141 553 6105 / +44 (0)141 553 4590

Email: sbs.admissions@strath.ac.uk

Strathclyde Business School, University of Strathclyde
199 Cathedral Street
Glasgow
G4 0QU