Eight compulsory modules cover key material in finance, economics and econometrics while optional modules allow you to focus on your preferences. Every year we offer optional modules, available through various study routes, delivered here at WBS. Please note that availability and delivery modes may vary.
Modules are taught by staff from both WBS and the Department of Economics at Warwick through a combination of lectures, classes and computer lab sessions.
Assessment is a mix of exams and coursework with your dissertation bringing all your learning together at the end.
Explore the fundamental relationships between investors’ decision-making in the presence of uncertainty (“risk”) and the cross-sectional and inter-temporal properties of prices and returns of financial assetsFull details
Explore the fundamental relationships between investors’ decision-making in the presence of uncertainty (“risk”) and the cross-sectional and inter-temporal properties of prices and returns of financial assets. This module lays down the theoretical and methodological foundations on which the more specialised finance modules are built.
Gain an MSc-level knowledge of concepts and issues in Corporate Financial Management that enables you to solve general problems in the field.Full details
Gain an MSc-level knowledge of concepts and issues in Corporate Financial Management that enables you to solve general problems in the field.
The goal of this module is to equip you with the skills to apply state of the art ideas of modern Corporate Financial Management theory as well as the quantitative tools to solving the types of problems faced by CFOs and other business executives who must make investment, financing, risk management and payout decisions taking account of flexibility and discretion under uncertainty, tax consequences, and financing effects. You will also be able to trace the effects of considerations such as corporate and personal taxes, bankruptcy costs, information signaling and conflicts of interest on investment decisions and on financial structure decisions. Finally, you will understand the use of option pricing techniques in corporate finance to evaluate corporate securities and investment projects.
Gain thorough training in econometrics with an emphasis on empirical modelling of economic and financial data.Full details
Gain thorough training in econometrics with an emphasis on empirical modelling of economic and financial data. You will develop the necessary skills to carry out good quality empirical research using both micro and macro econometric methods. This module is a postgraduate level introductory econometrics with an emphasis on the application of standard and modern techniques.
Gain an understanding of the theory and practice of financial econometrics and the tools for the empirical analysis of financial time series and their application.Full details
The module provides the tools for the empirical analysis of financial time series and their application. It aims to provide you with an understanding of:
- the theory and tools used in financial econometrics and the ability to carry out empirical analysis of financial time series using packages such as STATA or EVIEWS
- a range of empirical stylised facts drawn from the analysis of financial markets; the rates of efficiency, models of equity returns, the yield curve and exchange rates
- volatility and risk modelling.
By the end of this module you will be familiar with and will have a strong grasp of contemporary macroeconomic theory and policy.Full details
By the end of this module you will be familiar with and will have a strong grasp of contemporary macroeconomic theory and policy. You will be introduced to a number of formal macroeconomic models and will be able to apply these models to the analysis of current economic issues.
Your grasp of macroeconomics will be enhanced by the acquisition of key skills which are both qualitative (e.g. assessing the various schools of thought in modern macroeconomics both verbally and in written work) and quantitative (e.g. acquiring new mathematical skills in dynamic optimisation and applying these to formal macroeconomic models). You will also be familiar with the formal empirical evidence relating to macroeconomic issues and will have developed skills enabling you to assess current research publications and appraise arguments used by academic and policy making macroeconomists.
Gain a graduate-level review of some aspects of microeconomics.Full details
By the end of the module, you will be able to:
- Solve problems in consumer theory, general equilibrium, and game theory.
- Apply microeconomics intuition to evaluate real-life scenarios in business and finance, and to propose courses of action.
- Understand the limits of existing microeconomic paradigms and be aware of some directions in which frontier research is modifying these paradigms.
This module has been designed to give you a deep and comprehensive understanding of ethics in everyday life, in business life, and in the working life of a financial professional.Full details
Multiple scandals reported in the press over the past decade have highlighted the ever-increasing role of professional ethics and ethical management practices in everyday business life. Whether it is decisions about tax policy, community engagement, social reporting or compliance with regulations and best practice – ethics is now firmly embedded in every aspect of professional work. Increased levels of accountability, even on the personal liability level as documented in many recent scandals (for example, the Volkswagen emissions scandal), highlight the need for awareness of and reflection on ethical and social responsibility issues of business professionals.
This module has been designed to give you a deep and comprehensive understanding of ethics in everyday life, in business life, and in the working life of a financial professional.
The module will contain three main parts:
ethical issues (doing the right thing)
financial regulation of markets and corporate activities (market integrity, competition and consumer satisfaction)
environmental, social and governance performance of investments and their impact on companies.
This module will be run in conjunction with at least one of WBS’ key European business school partners, and as such will offer the opportunity to study overseas, providing you with access to contextualised content and a global voice on the concepts of ethics and financial market regulation.
A 6,000 word dissertation gives you the opportunity to test and apply techniques and theories you have been learning and to complete an original piece of research.Full details
The module aims to allow you to synthesise, apply and extend the knowledge you have gained in the taught component of the course. The identification and investigation of a current research topic will help develop your theoretical and practical understanding of current problems in your chosen area, as well as your research and communication skills.
The module aims to equip you with cutting-edge research methods alongside other programming skills and access to relevant data sources. You will be provided with training in programming and data handling from the very beginning of the course, to ensure that you have the required skills when needed for workshops and assignments in the core modules.Full details
The module aims to equip you with cutting edge research methods alongside other programming skills and access to relevant data sources. The module will provide training in programming and data handling from the very beginning of the course, to ensure that you have the required skills when they are needed for workshops and assignments in the core modules.
20 hours of programming skill sessions will be delivered primarily in Term 2, but a small fraction of these sessions will be delivered in Term 1. In addition, 10 hours of lectures will be devoted to sub-field specific research methods especially for Term 3, which are commonly used in students' dissertation subject areas.
The module will assess programming skills through one individual assessment and an empirical project in the chosen subject area.