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Discuss In Forums || Updated Oct 2009 Oxford University - Said School - MSc Financial Economics Oxford, UK
The Summary: The Oxford MSc in Financial Economics (MFE) is a full-time nine-month programme that provides outstanding training in the tools of financial economics sought by financial institutions, companies and public organisations. It combines a rigorous academic core with tailored practical application, designed in consultation with leading financial recruiters. Our students are placed within top investment banks, financial consultancies, and government finance ministries. There is also a research track for those interested in pursuing doctoral research in financial economics.
The MFE is run jointly by the Saïd Business School’s finance faculty and the University’s Department of Economics. The finance faculty at the Business School is one of the fastest growing and most prestigious in Europe, and works alongside the most diverse and well-known groups of economists in the world. Together they publish prolifically in top journals, speak at academic and practitioner conferences, and advise companies, financial institutions and governments.
Course Structure/Topics: All students take the core courses in corporate finance, asset pricing, financial econometrics and economics. These core courses are all carefully integrated: the economics and econometrics courses apply theories and methodologies to finance, and the finance courses provide the underlying economic principles of financial practice.
Asset Pricing The asset pricing course covers the theory and practice of valuing claims to uncertain cash flows; for example, stocks and stock options, bonds and foreign-exchange instruments. The course covers standard material such as CAPM and the Black-Scholes formula, and some advanced material such as consumption-CAPM and pricing formulas for "exotic options". About half of the course is dedicated to the application of advanced statistical methods to the area of asset pricing and to practical work with real-world data.
Corporate Finance Corporate finance studies the financing, valuation and corporate governance of firms. During this course, you will learn the fundamental principles of financial accounting, the valuation of firms' assets and the determinants of firms' financial structures. You will be taught the key components of firms' financial decisions and the operation of financial markets, including new issues of securities, debt and dividend policy. You will learn about the relevance of different financial institutions to the financing of firms, the takeover process, corporate restructurings and financial distress.
Financial Econometrics The course in financial econometrics provides students with a background in the fundamentals of empirical modelling and testing in finance. This will allow you to better understand crucial concepts like risk, evidence and prediction.
Economics Microeconomics is the study of how financial and commercial frameworks and conditions impact on individual situations and business units. During this course you will learn to apply the basic tools of market and firm analysis, game theory, incentive theory and auctions. In addition, the course will provide an introduction to fundamental ideas in macroeconomics, reinforced by lectures from leading policy experts.
The wide range of electives available enables you to gain a deeper knowledge of areas of special interest. You will be expected to complete five elective courses.
Global Derivatives View: Key Stats: Acceptance Rate: 15%
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