MRes/PhD Finance & Economics

Course Structure

Initial Registration

If you choose our MRes/PhD Finance & Economics programme, you will initially be registered for an MRes. This is a compulsory taught part of the programme, and you will be required to pass modules in your first and second years. Following the taught modules, you will be required to submit a dissertation and attend and pass an upgrade panel in order to be upgraded to the degree of PhD.

This programme is linked to the well-established MRes Economics led by the Department of Economics, one of the University of Warwick’s top departments. The economic modules on the course in Year 1 will be co-delivered by academic staff from the Department of Economics, alongside students from the MRes Economics programme.

Your thesis

Once you have upgraded to PhD, this will become your main focus, leading to the completion of your thesis. The criterion for the award is that the thesis makes a significant orginal contribution to knowledge.

 

Modules

You will study four compulsory modules in Year 1, and five compulsory modules plus a dissertation in Year 2. You will then continue on to our PhD Finance programme, and complete your doctoral thesis. The overall course structure is 2+4 years (MRes/PhD).

Compulsory modules - Year 1:

  • Advanced Microeconomics Theory
  • Advanced Macroeconomic Analysis
  • Advanced Econometric Theory
  • Practice of Financial Research

Compulsory modules - Year 2*:

  • Asset Pricing 1
  • Asset Pricing 2
  • Corporate Finance 1
  • Corporate Finance 2
  • Financial Markets
  • Dissertation

* Students must select four of these modules. The fifth module can be taken from this list, or chosen from electives run by the Department of Economics.

Finance & Econometrics modules

Advanced Microeconomics Theory

This module aims to develop the skills in, and knowledge of, microeconomics necessary for a career as an academic economist and in all areas where advanced research skills in economics are required. Specifically, it aims to teach you to understand, appreciate, and ultimately contribute to, frontier research.

Advanced Macroeconomic Analysis

This module aims to develop the skills in, and knowledge of, macroeconomics necessary for a career as an academic economist and in all areas where advanced research skills in economics are required. Specifically, it aims to teach you to understand, appreciate, and ultimately contribute to, frontier research.

Advanced Econometric Theory

This module aims to develop the skills and knowledge of econometrics necessary for a career as an academic economist and in all areas where advanced research skills in economics are required. Specifically, it aims to teach you to understand, appreciate, and ultimately contribute to, frontier research.

Practice of Financial Research

This module aims to provide you with a sound understanding of continuous-time finance and the econometric tools for conducting empirical research in Finance and Economics.

Asset Pricing 1

This module aims to provide you with the fundamental knowledge of asset pricing theory and the tools required to evaluate and use asset pricing in real life situations.

Asset Pricing 2

This second module of Asset Pricing aims to examine asset pricing focusing on the development of stylised facts and the tools required for the investigation of financial data.

Corporate Finance 1

This module aims to provide you with an introduction to the theoretical foundations of corporate finance and to understand empirical implications and formulate empirical predictions of corporate finance models.

Corporate Finance 2

This second module of corporate finance aims to enable you to be able to understand and critically reflect on key and recent innovative empirical research while preparing you to do research in empirical corporate finance.

Financial Markets

This module aims to provide the training and tools required to conduct research in finance. In particular, to provide you with the foundations, topics and current research in market microstructure, banking, financial institutions, financial innovation, and financial crisis.

Dissertation

In the second year of your MRes, you will have the opportunity to demonstrate your ability to autonomously investigate and carry out novel research in your chosen area of finance.

Module details More Less

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