Economics and Finance MSc - 2017/8

Awarding body

University of Surrey

Teaching institute

University of Surrey

Framework

FHEQ Level 7

Final award and programme/pathway title

MSc Economics and Finance

Subsidary award(s)

Award Title
PGCert Economics and Finance
PGDip Economics and Finance

Modes of study

Route code Credits and ECTS Credits
Full-time PLC61015 180 credits and 90 ECTS credits
Part-time PLC61016 180 credits and 90 ECTS credits

JACs code

L100, N300

QAA Subject benchmark statement (if applicable)

Other internal and / or external reference points

N/A

Faculty and Department / School

Faculty of Arts and Social Sciences - Economics

Programme Leader

MANDILARAS A Dr (Economics)

Date of production/revision of spec

21/11/2017

Educational aims of the programme

The main rationale and aim for the introduction of this programme is combining the expertise and know-how from both the School of Economics and Surrey Business School to help students apply advanced core economic competencies to the context of business and corporate finance while mastering the complexities of the banking and financial systems. We believe that, by combining the competencies of the School of Economics and the Business School, this programme will provide recent graduates and early stage professionals with rigorous training and a strong analytical background in economic theory, finance, financial economics and econometrics. This master's degree is ideal for those who aim to pursue careers as financial economists, quantitative analysts and financial econometricians in the private sector, in the government or in international financial institutions. The recent financial crisis has highlighted the complexity of the financial phenomena and the need for a deeper understanding of the underpinnings of the financial markets. The shared programme of the School of Economics and the Business School will provide students with the broad set of economic and financial tools that the new context requires. The increased skill set will also increase the potential career opportunities of the programme’s graduates.

In addition to the aspects mentioned above, the new programme will help expanding student numbers within our PGT portfolio within FASS, while at the same time providing a highly profitable/efficient programme. Since there is a high demand for programmes with similar characteristics, especially in non-EU countries, the MSc in Economics and Finance is instrumental to the University's growth strategy. Before the increase in the number of students, there will be very limited increase in the costs since the programme draws fully on existing modules and therefore requires little further development. In the longer term, the comprehensive background of the MSc in Economics and Finance’s graduates will make them high potential candidates for PhD programmes.

The new programme will expand and strengthen the links between the School of Economics and Surrey Business School. Research collaboration between the two schools, such as PhD co-advising and cross-faculty co-authoring, is likely to increase and it will eventually lead to an expansion of FASS's aggregate research impact. These outcomes are consistent with the strategy of FASS.

Programme learning outcomes

Attributes Developed Awards Ref.
To evaluate outcomes and accurately assess/report on their own/others work with justification and relate them to existing knowledge structures and methodologies PGDip, MSc
To demonstrate high level learning and problem solving skills PGDip, MSc
To conduct research and produce a high quality report: this includes the ability to select, define and focus upon and issue at an appropriate level; to develop and apply relevant and sound methodologies; to analyse the issue; to develop recommendations and logical conclusions; to be aware of the limitations of research work MSc
To identify modifications to existing knowledge structures and theoretical frameworks and to propose new areas for investigations/ new problems / new or alternative applications and methodological approaches MSc
To display a range of skills relevant to the needs of existing and future managers, executives and professionals irrespective of their sector of operation, particularly in the areas of analysis and synthesis, communication and presentation skills, computing skills, critical reasoning, data analysis, organisation and planning, report and essay writing skills, interactive and group skills, research skills. MSc
To handle ethical dilemmas likely to arise in management, research and professional practice and to formulate solutions in dialogue with peers, clients, mentors and others MSc
Critically evaluate the development, characteristics, issues and influences relevant to Economics and Finance PGCert, PGDip, MSc
Analyse and debate theoretical and applied knowledge in Economics, finance, banking investment management PGCert, PGDip, MSc
To evaluate critically a wide range of approaches and techniques relevant to Economics and Finance PGCert, PGDip, MSc
To demonstrate an in-depth understanding of the fundamental elements of Economics and Finance PGCert, PGDip, MSc
To evaluate critically the complex interrelationships between Economics and Finance PGDip, MSc
The ability to combine relevant theory and analytical techniques with insightful data analysis to produce convincing explanations of economic and finance phenomena; C
The skills necessary to comprehend published economic research papers, and to integrate the implications of published research in their own studies C
The ability to select appropriately between alternative analytical techniques and research methodologies which can be used in order to analyse all the different aspects of financial data; P
The ability to formulate a plan for specific individual research which would further existing knowledge; P
The ability to communicate the results of independent research in the form of a dissertation; P
The ability to comprehend published financial and economic research papers, and to integrate the implications of published research in their own studies. P
General skills, such as literacy, numeracy, IT and computing T PGCert, PGDip, MSc
Interpersonal skills, such as communication T PGCert, PGDip, MSc
An advanced understanding of the core principles and applications in microeconomics and econometrics K PGCert, PGDip, MSc
An advanced understanding of the theory of banking and finance and how this relates to the role of financial institutions in national and international economies K PGCert, PGDip, MSc
An understanding of the techniques which have been used in contemporary economic research K PGDip, MSc
A comprehensive understanding of financial markets both in their theoretical and empirical aspects, and the most sophisticated financial products and their use K PGCert, PGDip, MSc
Many subject specific skills are highly transferable, including abstraction T MSc
Many subject specific skills are highly transferable, including analysis T PGCert, PGDip, MSc
Many subject specific skills are highly transferable, including deduction and induction T MSc
Many subject specific skills are highly transferable, including quantification and design T PGDip, MSc
Many subject specific skills are highly transferable, including framing (understanding parameters to a problem to help decision making) T MSc

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Programme structure

Full-time

This Master's Degree programme is studied full-time over one academic year, consisting of 180 credits at FHEQ level 7. All modules are semester based and worth 15 credits with the exception of project, practice based and dissertation modules.
Possible exit awards include:
- Postgraduate Diploma (120 credits)
- Postgraduate Certificate (60 credits)

Part-time

This Master's Degree programme is studied part-time over two academic years, consisting of 180 credits at FHEQ level 7. All modules are semester based and worth 15 credits with the exception of project, practice based and dissertation modules.
Possible exit awards include:
- Postgraduate Diploma (120 credits)
- Postgraduate Certificate (60 credits)

Programme Adjustments (if applicable)

N/A

Modules

Opportunities for placements / work related learning / collaborative activity

Associate Tutor(s) / Guess Speakers / Visiting Academics N
Professional Training Year (PTY) N
Placement(s) (study or work that are not part of PTY) N
Clinical Placement(s) (that are not part of the PTY scheme) N
ERASMUS Study (that is not taken during Level P) N
Study exhange(s) (that are not part of the ERASMUS scheme) N
Dual degree N

Quality assurance

The Regulations and Codes of Practice for taught programmes can be found at:

https://www.surrey.ac.uk/quality-enhancement-standards

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2017/8 academic year.