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The aim of this module 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 module 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.

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.

This module aims to provide students with clear frameworks they can use to understand macroeconomic events. The skills developed will enable graduates to understand how policy makers and businesses can react to, cope with, and anticipate changes in the macroeconomic environment including business cycles, inflation, commodity price shocks, changes in interest rates, taxation, government spending and government debt.

The modules aims to provide you with the ability to:

• understand macroeconomic events in an integrated world;
• communicate the implications of changes in the macroeconomic environment for business managers;
• present macroeconomic analysis in clear and concise yet informative reports

You'll learn about:

• macroeconomic policies in an open economy
• the factors guiding the choice of a given exchange rate regime
• the economics of a monetary union
• the pros and cons of globalisation, and its interactions with economic development, inequality, and political economy
• the nature and impacts of financial crises
• the interactions between exchange rate crises, banking crises and sovereign debt crises
• the long-run determinants of economic growth in an open economy

The main aim of this module is to introduce students to theoretical microeconomics. A further aim is to provide an understanding of how micreconomics knowledge can be applied to practical problems faced by businesses that compete in both competitive and regulated markets.

You'll meet 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.

You'll be learn to:

• understand the economic way of thinking
• appreciate the relevance of economics to business
• understand the operation of markets and the interaction of supply and demand
• appreciate the relationship between revenue, costs and profits
• acquire an analytical understanding of profit maximisation
• understand the economic role of marketing and advertising
• develop the ability to describe market outcomes and how these change when the market environment changes
• understand alternative theories of the firm and different pricing strategies
• understand the impact that governments and demand/supply side policies have on business decisions

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.

This module will provide an introduction to financial decision-making, and much of the relevant analysis will be developed from the standpoint of corporate finance.

It will explain how a company should decide on the investments to be undertaken to meet its objectives, generally assumed to be the maximisation of its value.

It will be demonstrated that this will require a rate of return on its investments in excess of the return available in the capital market on equally risky financial investments. As a result, it will be necessary to develop an understanding of the capital market risk-return relationship. This will require an appreciation of the nature of risk and how this can be managed by the development of portfolios.

Even though the focus of the module will be on corporate finance, it will also require an appreciation of how the risk-return tradeoff is determined in the capital market.

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.

The final stage of the MSc is the Summer Research Project — a capstone that brings together the knowledge and skills developed throughout the programme. It offers you the opportunity to explore an area of Economics that particularly interests you, choosing your own topic from across the field and developing an in-depth, independent piece of research.

Every student will be supervised by an appropriate member of staff with expertise in the research area. In addition to providing a key opportunity to put into practice what you have learned during your MSc studies, this project will provide useful experience for your future careers.

We're also able to supervise students who are sponsored by their employer and wish to work on a topic of interest to both them and their employer.

The aim of this module 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.

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.

The aim of this module is 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.

This module introduces you to these topics and will provide a good basis studying for professional examinations in the area. It provides an introduction to the role of a corporate treasurer in a multinational company in the management of risk in an international environment, using a range of financial products including derivatives