MSc International Business Finance and Economics

“Since UEA, I am employed as a global research analyst in a large securities organisation in my home country of China. The UEA Master’s degree is very highly regarded by my organisation.”

In their words

Fan Wu, International Business Finance and Economics Graduate

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Key facts

(REF 2014)

Take a world view as you develop your knowledge and understanding of international business finance and economics. And enhance your comprehension of the broader context of how businesses operate in the international economy.

You will take compulsory modules such as Economic Concepts, Financial Econometrics, and International Finance.As this programme has a particular focus on the international economy, you will also take modules specifically designed to give you specialist knowledge in this area. You will finish your course by writing a dissertation, which will be supervised by a member of the School of Economics.

Upon completing this MSc, you will be well equipped to pursue a variety of careers in the areas of finance, management or international business.

Overview

MSc International Business Finance and Economics is part of our Applied Training Programme, which is designed to provide key skills in economics. It’s ideal if you’re a graduate without an economics background, yet wish to develop the analytical skills of an economist. It’s also suitable if you’re an economics graduate and wish to develop specialist expertise in this area without committing to full research training.

The compulsory component of your degree consists of taught modules in Economic Concepts, Finance, Financial Econometrics, International Finance, and Multinational Firms. In addition to these, you will choose an option from a range of modules, including Financial Mathematics and Environmental Economics.

You will write a dissertation towards the end of your 12 months with us from within the area of international business finance and economics, which will be supervised by a member of the School of Economics.

We also offer additional support to help you get the most from your Master’s. This includes an optional, intensive pre-sessional course in the fortnight before your programme begins in September. This courseincorporates an introduction to the specialist econometric software that you will use in your MSc programme. While not compulsory, we strongly recommend you take advantage of this fantastic opportunity.

Course Structure

The MSc International Business Finance and Economics is a one-year course. In each semester you will take three modules, followed by writing your dissertation in the period between June and August.

In your autumn semester you will take Economic Concepts, Financial Econometrics and Finance. In spring you will take International Finance, Multinational Firms and your choice of Financial Mathematics, International Trade, Economic Theory II or Environmental and Natural Resource Economics.

Although the writing of your dissertation will take place between June and August, you will begin your dissertation module with a sequence of dissertation training lectures and workshops in spring. Here you will discover how to choose a topic, how to access data and search literature, how to reference, and how to analyse quantitative data.

You will be able to take advantage of further dissertation training workshops in late June and early July. These will be held in computer labs, with the objective of providing the types of econometric skills often required in dissertation work.

Teaching and Learning

UEA’s School of Economics is lively, friendly, research orientated and committed to excellence in teaching. We’ve an international reputation in many key areas, including theoretical and applied economics. Our research interests include behavioural and experimental economics, competition economics, environmental policy, conflict, contests and corporate behaviour, finance and financial markets.

Teaching of each of your modules will be spread over two semesters. In a typical module, you will have two hours of lectures and one hour of seminars per week. Your seminars are more interactive than lectures and provide you with an opportunity to raise questions arising from lectures.

In your econometric modules, your seminars will take place in computer labs, where you will learn how to conduct econometric analysis using specialist econometric software.

You will also become practiced in independent study, spending time working on coursework assignments, preparing for seminars, and doing your own wider reading.

Assessment

Your modules will typically be assessed by a combination of coursework and examinations. Your exams will be two hours long and will take place during the summer assessment period.

Your coursework will be in a variety of forms – including take-home assignments, seminar presentations, written tests, computer tests and your dissertation (which you will submit at the end of August).

Throughout your course you will be given guidance on your work and constructive feedback to help you improve. You will receive written feedback for all pieces of coursework and further guidance will be available from your module’s organisers.

If you have additional needs due to disabilities such as sensory impairment or learning difficulties such as dyslexia please talk to our Student Support Service about how we can help.

After the course

Upon completing this MSc you can pursue a variety of careers in finance, management and international business.

Past graduates from the School of Economics have gone on to work for HM Treasury, the Home Office, Bank of England, Aviva, Barclays, M+A Partners, BDO, Deloitte, Ernst and Young, Goldman Sachs, Grant Thornton, HSBC, JP Morgan, KPMG, Lloyds, PwC and Santander amongst others.

Career destinations

  • Aviva
  • Barclays
  • Deloitte
  • Ernst and Young
  • Goldman Sachs
  • PwC

Course related costs

Please see Additional Course Fees for details of additional course-related costs.

Course Modules 2018/9

Students must study the following modules for 160 credits:

Name Code Credits

ECONOMIC CONCEPTS

Introducing micro and macro economic analysis, this module will familiarise you with a wide range of economic tools which can be applied to issues relating to your Applied Training Programme. It covers, in particular, consumer and producer choice, market equilibrium, market structure, externalities and public goods, the macroeconomics of inflation, unemployment and growth and macroeconomic policy.

ECO-7011A

20

ECONOMICS DISSERTATION (60 CREDITS)

Economics Dissertation is the "icing on the cake" of an Economics MSc. It is your opportunity to spend a period of 2 or 3 months working exclusively on a topic of your own choice, at your own pace, with guidance from a supervisor. The module commences with a sequence of "dissertation training" lectures during the Spring Semester, including such themes as choosing a topic, accessing data, searching the literature, referencing, and qualitative data analysis. There are further dissertation training lectures during late June and early July, held in computer labs, with the objective of providing the types of econometric skills often required in dissertation research. The Econometric software STATA is used, the same as used in taught modules in Econometrics. At the end of the Spring semester you'll submit a research proposal stating the research question you would like to address and proposing a suitable methodology. On the basis of the Proposal, a suitable supervisor is allocated. At least three meetings with the supervisor take place between May - July. At the first meeting, the research proposal is discussed. By the time of the third and final meeting, you should ideally have supplied a first draft of the dissertation for your supervisor to provide feedback on. The deadline for the dissertation is at the end of August and the word limit for dissertations is either 8,000 or 12,000, depending on which MSc you are taking.

ECO-7023X

60

FINANCE

Have you ever wondered why firms buy other firms, or why that trendy technology firm recently issued some shares? Why stock prices go up (and down)? What do we know about financial markets and, importantly, what don't we understand? This module introduces a range of concepts related to the financial decisions firms have to make, and how these decisions lead to the existence of the stock markets that feature in the daily news. The early part of the module introduces the subject area by considering a range a fundamental concepts. From this foundation, you'll learn how firms make financial decisions and how these decisions are interrelated. The later part of the module investigates how stock markets work, the risks involved, and the extent to which these risks can be avoided. On successful completion of the module, you'll have gained the knowledge and skills for setting out on a career in finance, or for further study of corporate finance and financial markets. You'll better understand financial news and be better-placed to discuss it, drawing on discussion from academic literature. You'll be able to discuss and answer the sorts of questions prospective employers, friends and family might reasonably ask a finance postgraduate.

ECO-7008A

20

FINANCIAL ECONOMETRICS

Are you interested in working with financial data? Would you like to be able to forecast future movements of stock prices or test the efficiency of financial markets? If so, this module will introduce to you the empirical techniques you need to satisfy these interests. The module is divided into two parts. The first part covers basic econometric techniques. You'll be shown how to estimate a regression model in a variety of contexts, interpret your findings, and test the relationships between variables. As you progress, you'll learn how to identify problems with the models (such as multicollinearity and heteroscedasticity) and how to address these problems. In lectures you'll learn about the techniques, and in seminars you'll apply these techniques to a variety of economic problems and estimate models with real data. In the second part of the module you'll apply the techniques learnt in the first part to problems in financial economics. These applications include estimation of the Capital Asset Pricing Model (CAPM), testing the Efficient Markets Hypothesis (EMH), and using stock price data to in the valuation of options. Throughout the module, seminars take place in computer labs and you will gain skills in analysing data using the widely used econometric computer package STATA. By the end of the module, you'll be able to estimate appropriate regression models, identify problems which may arise and know how to address them. In particular, you'll know how to apply these methods in financial contexts. In addition, you'll be able use STATA and will have acquired a range of skills that are currently highly marketable in the financial industry.

ECO-7009A

20

INTERNATIONAL FINANCE

Are foreign exchange rates predictable? How can a firm hedge foreign exchange risk? What effect do interest rates have on currency values? Why are exchange rates so volatile? Are exchange rates based on macroeconomic fundamentals, or determined by speculative activity? These are the types of questions you will explore on this module. International Finance lies at the intersection of finance and macroeconomics. You'll begin by learning the general finance tools of option pricing and risk management, before focusing on how to apply these tools to look, in particular, at exchange rates. This will involve understanding the structure of the foreign exchange market, examining theories of exchange rate determination, and looking at the foreign exchange futures and options markets. You'll learn through a mixture of lectures, which have regular intervals for team or individual work, as well as seminars and self-study. Assessment comprises of technical and essay questions. These questions will be set during a class test (20%), as part of an essay (20%) and during a summer exam (60%). By the end of the module you'll be equipped for further study in financial economics or a career in the finance industry, particularly in roles related to foreign exchange.

ECO-7015B

20

MULTINATIONAL FIRMS

This module is structured around three main questions: why do multi-nationals exist? What are their beneficial effects? Why might they sometimes be a cause for concern? In answering these questions we confront a variety of theoretical and empirical methodologies (eg, oligopoly theory, transactions costs, econometric, case studies in corporate strategy) and draw upon various branches of Economics (international, industrial, labour, financial and political economy).

ECO-7010B

20

Students will select 20 credits from the following modules:

Name Code Credits

ECONOMIC THEORY II

The module is concerned with modern macroeconomic theory, where whole economies are studied. Your focus will be the overall performance of the economy, rather than on the functioning of particular parts of it. The module uses dynamic general equilibrium models where consumers, firms and governments are modelled as forward-looking agents who make the best of the economic environment they live in.

ECO-7019B

20

ENVIRONMENTAL AND NATURAL RESOURCE ECONOMICS

Gain a thorough grounding in the key issues in environmental and resource economics. This module provides an overview of the economic and econometric principles that serve as pivotal tools in ensuring that natural resources are sustainably valued and managed in a global economic environment. The applied nature of the module is complemented by technical papers that form the subject of the discussions in seminar sessions. Open to postgraduate students enrolled on both ATP and APP programmes, this module will enhance the econometric principles taught in the Autumn Semester by applying analytical and statistical methods to the field of environmental economics so as to emphasise the empirical relevance of these theories.

ECO-7020B

20

FINANCIAL MATHEMATICS

This technical finance module is suited to students who wish to pursue a career in the financial sector. The focus is on valuation and risk analysis of financial products, and the module is highly analytical, with weekly exercise sessions in computer labs. Topics covered include: continuous-time stochastic processes, stochastic models for security prices, bonds, term structure of interest rates, futures and forwards, options, swaps, hedging and credit risk.

ECO-7013B

20

INTERNATIONAL TRADE

In this module you will develop your understanding of the international economy, specifically international trade. You'll examine patterns in the global flows of goods using models of international trade theory and ask who benefits from trade and who it can harm, relating your insights to the current debate about globalisation. This module also deals with controversial issues like the effect of trade on the environment and strategic trade policy.

ECO-7016B

20

Disclaimer

Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules and regular (five-yearly) review of course programmes. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, there will normally be prior consultation of students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff or sabbatical leave. In some cases optional modules can have limited places available and so you may be asked to make additional module choices in the event you do not gain a place on your first choice. Where this is the case, the University will endeavour to inform students.

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Entry Requirements

  • Degree Subject Any Subject
  • Degree Classification 2.2 or equivalent

Entry Requirement

Applicants should normally have a good first degree from a recognised higher education institution. The University will also take into account the employment experience of applicants where relevant.

It is normal for undergraduate students to apply for entry to postgraduate programmes in their final year of study. Applicants who have not yet been awarded a degree may be offered a place conditional on them attaining a particular class of degree.

Students for whom English is a Foreign language

We welcome applications from students whose first language is not English. To ensure such students benefit from postgraduate study, we require evidence of proficiency in English. Our usual entry requirements are as follows:

  • IELTS: 6.5 (minimum 6.0 in all components)
  • PTE (Pearson): 62 (minimum 55 in all components)

Test dates should be within two years of the course start date.

Other tests, including Cambridge English exams and the Trinity Integrated Skills in English are also accepted by the university. The full list of accepted tests can be found here: Accepted English Language Tests

INTO University of East Anglia

If you do not meet the academic requirements for this course, you may be able to study one of the International Graduate Diploma programmes offered by our partner INTO UEA. These programmes guarantee progression to selected Master's degrees if students achieve the appropriate grade. For more details please click here: International Graduate Diploma in Economics.

INTO UEA also run pre-sessional courses which can be taken prior to the start of your course. For further information and to see if you qualify please contact intopre-sessional@uea.ac.uk

Fees and Funding

Fees for the academic year 2018/9 are:

  • UK/EU Students: £7,765
  • International Students: £16,000

Fees listed are inclusive of the optional 2-week pre-sessional Mathematics and Statistics for Economists course.

International applicants from outside the EU may need to pay a deposit.

Living Expenses

Approximately £9,135 living expenses will be needed to adequately support yourself.

Scholarships and Funding

A variety of Scholarships may be offered to UK/EU and International students. Scholarships are normally awarded to students on the basis of academic merit and are usually for the duration of the period of study. Please click here for more detailed information about funding for prospective Economics students.

How to Apply

Applications for Postgraduate Taught programmes at the University of East Anglia should be made directly to the University.

You can apply online, or by downloading the application form.

Further Information

To request further information & to be kept up to date with news & events please use our online enquiry form.

If you would like to discuss your individual circumstances prior to applying please do contact us:

Postgraduate Admissions Office

Tel: +44 (0)1603 591515
Email: admissions@uea.ac.uk

International candidates are also encouraged to access the International Students section of our website.

    Next Steps

    We can’t wait to hear from you. Just pop any questions about this course into the form below and our enquiries team will answer as soon as they can.

    Admissions enquiries:
    admissions@uea.ac.uk or
    telephone +44 (0)1603 591515