Financial Economics
Description
The Financial Economics specialisation provides a valuable understanding of the economic models used in finance as well as the econometric skills to apply the models to financial markets. The emphasis is on the economic skills necessary to understand the way in which financial markets work. There is a particular focus on the monetary aspects of a modern economy. The Financial Economics specialisation should be of particular interest to graduates wishing to work in the finance and banking sectors.
Requirements for the Specialisation
To obtain a Financial Economics specialisation, students must complete at least three units of study (18 credit points), comprising:
- one additional prerequisite unit of study for the specialisation (six credit points).
- FINC5001 Capital Markets and Corporate Finance
- two compulsory units of study (12 credit points):
- ECMT6006 Applied Financial Econometrics
- ECON6021 Financial Economics
- at least one of the following elective units of study (six credit points):
- ECON6008 International Money and Finance
- FINC6000 Quantitative Finance
- FINC6001 Intermediate Corporate Finance
- FINC6003 Broking and Market Making
- FINC6005 Advanced Asset Pricing
- FINC6007 Financial Strategy
- FINC6009 Portfolio Theory and its Applications
- FINC6010 Derivative Securities
- FINC6013 International Business Finance
- FINC6014 Fixed Income Securities
- FINC6015 Global Trading
- FINC6016 Financial Instruments and Markets
- FINC6017 Mergers and Acquisitions
- FINC6019 Financial Modelling
- FINC6021 Corporate Valuation
- FINC6022 Behavioural Finance
Note: The unit of study FINC5001 does not count towards the specialisation but is the prerequisite unit of study for most of the 'FINC' 6000-level units of study in this specialisation.
For details of ECON units of study, please refer to the University's Online Unit of study handbook.
Sequence of Study Example
The following table illustrates an example sequence of study for a student studying full-time in the Master of Economics (four units of study per semester) completing the requirements for an Financial Economics specialisation. (In this example, compulsory foundation units of study are in bold, compulsory units for the degree are in italics, and units required for the Financial Economics specialisation are underlined)
| Year | Semester | Units of Study | Total credit points | |||
|---|---|---|---|---|---|---|
| 1 | 1 | Microeconomic Theory | Macroeconomic Theory | Principles of Econometrics | Capital Markets and Corporate Finance | 24 |
| 2 | Econometric Applications | Microeconomic Analysis 1 | elective for Financial Economics specialisation* | Financial Economics | 24 | |
| 2 | 1 | Macroeconomic Analysis 1 | Mathematical Methods of Economic Analysis | elective | Applied Financial Econometrics | 24 |
* Students can complete their elective unit/s of study for the Financial Economics specialisation in any semester, subject to pre/corequisite requirements.
Please Note: The information listed in this example is based on unit of study offerings for 2011 and is meant as a guide only. Students are usually able to complete the units of study for their degree in different sequences to that listed above and should always check the requirements for individual units of study before attempting to enrol in them. For example, local full-time students may complete three units of study per semester or students may be able to complete units in the Summer or Winter School sessions and in most cases complete a second major can be completed. Students are advised to plan their degree based upon your individual needs and to contact the Faculty Office if you need any assistance in planning your progression in your degree.