Bank Theory and Operations
The module content includes:
- Banking in the financial system
- Central banking
- Evolution of the banking industry
- Managing liquidity and liabilities
- Bank lending and asset management
- Banking distribution
The aim of this module is to provide students with the ability to:
- critically examine financial institution operations
- understand and critically comment on internal financial institution structures and the operation of their balance sheets
- analyse how financial institutions manage their assets, liabilities and overall liquidity
- analyse and explicate how financial institutions create value through marketing, distribution, diversification and innovation
Corporate Financial Strategy
The module covers the traditional content of a Corporate Finance course: Investment, Capital structure, and Divident Decisions From a Shareholder Value Perspective; Capital Market Behaviour (background); Mergers; Real Options.
The module aims to highlight the key aspects of corporate finance and to identify current research issues and approaches.
Further Quantitative Research Methods
The module includes matrix algebra, differential calculus, multiple regressions, time series, qualitative response and panel data models.
The modules aims to provide a good training in basic matrix algebra and applied econometrics.
Introduction to Research Methods
Part 1: Introduction Quantitative Analysis (compulsory) Survey design and measurement, Introduction to statistics; hypothesis testing, t-tests, ANOVA, Regression Analysis and Factor Analysis.
Part 2: Introduction Qualitative Analysis (compulsory). This part of the module will be concerned with epistemological issues as well as the collection and analysis of qualitative data.
The module aims to:
- instil familiarity with and understanding of key techniques of quantitative and qualitative analysis
- improve accessibility of research material such as journal articles
- provide basic skills in support of both other modules taught on the MA Programme and dissertation research involving quantitative and qualitative analysis
Bank Modelling and Performance Analysis
The module covers: Data Sources in Applied Banking; introduction to Bankscope, Fame and other library sources; analysis of bank accounts and interpretation, ratio analysis in banking - asset, liability and expense management ratios; non-proportionality in banking ratios; risk and statistical analysis of banking ratios; estimation of economies of scale and X-efficiency; non-parametric and parametric modelling techniques; empirical estimation of market concentration; UK bank regulation and supervision; EU and US stress testing of banks.
On completion of this module students should have an understanding of how to analyse and estimate the economic efficiency of banks and the competitive structure of banking markets.
Financial Security Valuation
Equity, fixed income and derivative securities will be considered individually and portfolios. These will be presented as extensions of previously studied material as well as new topics.
The module aims to:
- understand the ideas and methods used to value the most common financial securities, including equities, bonds and derivatives
- understand the uses of these securities both individually and in combination
Choose two modules from:
Behavioural Economics and Decision Making
The module is split into two parts. The first part focuses upon the methods and models associated with behaviour. These sessions will introduce key concepts in bounded rational behaviour and apply these to specific economics models and financial markets. The second part of the module concentrates on designing your own experiment and interpreting empirical results. You will analyse studies of bounded rational behaviour, labour markets, asset markets, experimental behavioural finance, social dilemmas, preferences, public goods, reciprocity, bargaining and contests.
The module will be interactive, you will undertake experiments and analyse results.
In this module, the aim is to provide students with:
- an understanding of behaviour in an economic context
- an understanding of behavioural methods
- knowledge of theoretical models of behavioural economics
- knowledge of applicable behavioural tools
- the ability to interpret results
- knowledge of how to design an experiment and collect data
The module covers: financial reports, regulation of financial reporting; creative accounting; techniques of accounting analysis; standard setting; relationship to capital; auditing and accounting research.
The module aims to:
- provide a detailed examination of the principles of financial reporting and accounting theory and highlight their links to corporate governance
- introduce techniques of financial appraisal of accounting data
- provide a foundation of knowledge and skills as a basis for further in-depth study of financial modules or the dissertation
Financial Services: Context, Consumers and Markets*
The module covers the following:
- The context of financial services with a particular focus on the UK, including current regulatory developments, consumer policy initiatives and current market developments and controversies
- A focus on the challenges associated with the marketing of financial services and how the principles and tactics of marketing are employed in financial services markets
- Coverage of the debate surrounding the importance of ethics and professionalism in financial services provision
- Detailed analysis of consumer behaviour and in particular decision making in financial services markets
The module aims to provide students with a detailed insight into and understanding of:
- the context within which consumers and firms operate in financial services markets
- the challenges associated with the marketing of financial services
- current understanding of consumer behaviour and decision making and attendant implications for firms and policymakers
This module examines contemporary developments in the theory and practice of international financial management. It includes analysis of foreign exchange markets and international financial markets, including international banking and the Euromarkets. Emphasis is placed on discussion of risk management techniques to protect against both currency and political risks. Both long term international investment and financing decisions and short-term exporting decisions form part of the course.
The module aims to:
- develop an in-depth understanding of international finance and financial markets
- analyse risks that exist in international finance including foreign exchange, foreign trade and investment risks and to select and use appropriate techniques to manage such risks
Risk Management in Financial Institutions*
Risks specific to financial institutions (including liquidity, credit, market, and operational); techniques for managing such risks; the organisation of the risk management process in financial institutions. Financial institutions include banks, other deposit-taking institutions, life and general insurance companies. Content complements that covered in modules such as Corporate Risk and Quantitative Risk Management.
The module aims to develop students' knowledge and understanding of the risks faced by financial institutions, the techniques used to manage such risks, and the problems and issues faced in this process.
* In order to graduate with Chartered Banker Status, you must choose both of these modules.
12,000-15,000 word individual dissertation on an approved subject relevant to the MSc Banking and Finance.
For more details on our modules, please see the module catalogue.
The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. This list is an example of typical modules we offer, not a definitive list.