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Master of Arts in Financial Economics

Financial Economics is concerned with the allocation and deployment of economic resources in an uncertain environment. The field focuses on applying economics principles onto the various domains of finance such as making investment decisions, identifying risk, and valuing securities and financial assets. It offers a theoretical framework for analyzing the decisions by individuals and managers of firms and also the interplay of these decisions on the prices of financial assets. 

The Master of Arts in Financial Economics at 91¸£ÀûÉç provides rigorous coverage aimed at assisting master’s level students to better understand the theoretical implications and practical applications of financial economics theory with a consideration of moral and ethical issues relevant to the forces at play in financial markets and the globalization process. It centers on decision making under uncertainty in the context of the financial markets and the resultant economic and financial models and principles. The program applies sampling and econometric techniques and numerical models suggested by financial economics theory on deriving testable implications from reasonable assumptions. The emphasis is mathematical consistency and implications of decision making under uncertainty in practice. The program offers students practicalities of applying their economics and statistical training. It provides opportunities of obtaining proficiency on theoretical and practical financial economics theory pertaining/relevant to the workings of the U.S. and international financial institutions and systems.

Upon completion of the coursework in this program, the degree candidate is expected to be knowledgeable in:

• How the principles of financial economics are invariably knitted into the fabrics of the development of financial institutions, industry and government;
• The employment of economic theory to evaluate how time, risk, opportunity costs and information influence decisions made by individuals and firms;
• Financial economics theory;
• Quantitative and qualitative research methods;
• Financial assets and derivatives pricing;
• International finance and its significance in an economy; and
• The U.S. system of money, banking, money and capital markets.