The MPhil in Finance and Economics is a one-year master's degree that runs from mid-September to late July. It is an intensive course combining advanced study and research, tailored for people with less than one year of work experience who intend to go on to work for industry. It places particular emphasis on economic coverage of financial themes, beginning from the institutional background, moving on to careful consideration of how observed institutions should be modelled, and ending by relating existing models to data and discussing how these models should be improved when they do not fit the data. Each student will take eight modules and write a dissertation. Each module consists of eighteen hours of lectures, together with supporting classes. The detailed requirements of the course are as follows: * To attend the preparatory course in mathematics and statistics Preparatory Course in Mathematics and Statistics The compulsory three-week preparatory course in mathematics and statistics runs from mid-September to early October. Its purpose is to review and develop the required technical methods for the compulsory core modules in microeconomics, macroeconomics, and econometrics. The topics covered are: linear algebra; statistics; static optimisation; dynamic optimisation; differential and difference equations. The preparatory course also includes a two hour examination. * Take six compulsory 18-hour modules: o Microeconomics I o Econometric Methods o Finance I & II o Corporate Finance o Asset Pricing * Take two specialist modules, only one of w hich may be taken from the options from either the MPhil in Economics or from the Mathematics Department Finance Options: + International Finance + Empirical Finance + Behavioural Finance + Topics in Applied Asset Management + Venture Capital in the Innovation Economy Economics Options: + Microeconomics II + Applied Microeconomics + Topics in Economic Theory + Macroeconomics I + Cross-Section and Panel Data Econometrics + Behavioural Economics + Further Time Series with applications in Finance and Macroeconomics Option from Faculty of Mathematics + Optimal Investment * Write a dissertation of up to 10,000 words

Students who study Economics seek careers in the private sector, particularly in financial services, or economic consultancy. Others are employed in the Civil Service, non-government agencies and international agencies such as the World Bank and IMF.