Teaching and assessment for Financial Economics MA (Hons)
Teaching
Teaching is through a combination of:
- lectures
- tutorials
- workshops
- statistics sessions
We also offer an annual series of industry guest lectures which you are encouraged to attend.
The University of Dundee School of Business is committed to providing students with an exciting, meaningful, and interactive learning experience taking advantage of traditional and leading-edge learning technologies. This hybrid approach to education delivery, which includes both in-person and online material, has been adopted globally by top universities.
Our approach is flexible, attempting to meet the needs of all our domestic and international students. Moreover, our students are assured of an on-campus learning experience for all modules supplemented and complemented by state-of-the-art Cloud technology. A major advantage of ‘hybrid teaching’ is that it allows popular classes to remain small so that meaningful discussion and engagement between students and academics can occur.
Assessment
Assessments can be in the form of:
- essays
- problem-based exercises
- case studies
- presentations
- group projects
- exams
All of these will provide the basis for your final grade.
Core Modules
These modules are an essential part of your course.
Learn how humans have shaped the economic world from our origins through to Industrialisation and now how technology is used.
Exchange, trade and internationalisation have all influenced how our lives and economic markets operate. By understanding the past of economics you will better understand the complexities of modern day economics.
Optional Modules
You need to choose one or more of these modules as part of your course.
This module will examine accounting for cash and non-cash transactions and the wider accountability issues.
You will practise these techniques by preparing the financial statements of a sole trader and a partnership. The module concludes by considering a business entity that needs complete accounting records.
This module looks at organisations and their internal and external environments. You will be introduced to management and marketing, corporate governance and ethics, and human resources.
The financial environment will be covered including finance strategies and sources of finance, financial analysis, and personal finance.
This module explains how an organisation uses, develops and implements information technology and systems. It focuses on the impact of technology on the accounting function and profession.
Learn about current Economic and Business issues from a global perspective. Theories of economics will be applied to modern problems with global impact. You will have the chance to put models into practise understanding how Economics can help both understand and improve the world we live in.
Gain an introduction to the two main areas of business accounting:
- Financial Accounting - preparation of information for external stakeholders
- Management Accounting - preparation of information for use within the business
This will help your understanding of accounting in a business context regardless of your degree.
This module provides an overview of key processes that drive life on Earth. This will cover concepts such as:
- the atmosphere and climate processes
- the influence of oceans
- the diversity and functioning of the biosphere
You will learn about key dimensions of the concept of an unequal world in human and environmental systems. This will cover topics like:
- development
- vulnerability
- underlying causes
- global inequalities
- pressures on environmental resources
- links to environmental hazard
Revolutions is a key concept in modern political and intellectual history. But why do we refer to particular political event as 'revolutions'? How does the label 'revolution' affect how political ideologists and historians have interpreted the significance, the causes and consequences of highly complex and turbulent events in modern history.
This module studies the exchange of goods, people, and ideas that tied together Europe, Africa, and the Americas.
It explores the origins of globalization and provides a comparative understanding of the development of European empires in Africa and the Americas.
Develop the foundations of university-level mathematics through functions, algebra, calculus, sequences, series, and complex numbers. Build the problem-solving and analytical skills needed for advanced study in mathematics and physics, and for careers that rely on quantitative thinking.
Develop the mathematical tools used to describe space, motion, and change. Study integration, differential equations, vectors, matrices, and geometry while building the problem-solving skills needed for advanced study in mathematics and physics.
You will develop basic linguistic knowledge. You will learn cultural awareness and transferable communication skills. These will be of use to you in your personal and professional life.
You will work within the level of A1 of the Common European Framework of Reference for Languages (CEFR).
You will develop linguistic knowledge, cultural awareness, and transferable communication skills. This will be of use to you in your personal and professional life.
You will work within the level of A2-B1 of the Common European Framework of Reference for Languages (CEFR) in all skill areas.
Develop basic linguistic knowledge, cultural awareness, and transferable communication skills. These will be of use to you in your personal and professional life.
You will work within the level of A1 of the Common European Framework of Reference for Languages in all skill areas and selected skill areas of A2
You will develop linguistic knowledge, cultural awareness, and transferable communication skills. This will be of use to you in your personal and professional lives.
You will work within the level of B1 to B2 of the Common European Framework of Reference for Languages (CEFR) in all skill areas.
This module introduces philosophy through the works of Plato. It addresses the question: 'What does it mean to live a good life?' through reading, understanding, and critically discussing Plato's dialogues and a range of later philosophical approaches to ethics.
This is a dynamic course on modern philosophy that explores the realms of thought and reality. It uncovers the minds that shape today's philosophical discussions, as it dives into the rich tapestry of contemporary philosophy.
This module is the introduction to studying politics taken in the first semester of first year. In it, we consider the key themes and concepts in politics in the context of contemporary Britain.
You will develop basic linguistic knowledge. You will learn cultural awareness and transferable communication skills. These will be of use to you in your personal and professional life.
You will work within the level of A1 of the Common European Framework of Reference for Languages (CEFR).
You will develop linguistic knowledge, cultural awareness, and transferable communication skills which will be of use to you in your personal and professional life. You will work within the level of A2-B1 of the Common European Framework of Reference for Languages (CEFR) in all skills areas.
Develop basic linguistic knowledge, cultural awareness, and transferable communication skills which will be of use to you in your personal and professional life. You will work within the level of A1 of the Common European Framework of Reference for Languages in all skills areas and selected skill areas of A2
You will develop linguistic knowledge, cultural awareness, and transferable communication skills which will be of use to you in your personal and professional lives. You will work within the level of B1 to B2 of the Common European Framework of Reference for Languages (CEFR) in all skill areas.
Psychology is the study of the mind and behaviour. This module provides a broad overview of the diversity of core topics that make up psychological science.
You will learn about key theoretical concepts in psychology, and explore the methods used by psychologists to understand the mind.
Psychology is the study of the mind, brain, and behaviour. The module cover core topics in social Psychology and cognitive Psychology with more depth.
You will also learn of the statistical methods used to test psychological questions.
Core Modules
These modules are an essential part of your course.
This module covers the micro aspects of the economy by focusing on the basic theories of consumer and firm behaviour under various settings.
You will learn about the conditions in which markets will or will not produce desirable outcomes and the role of government in improving the operation of markets.
Be introduced to basic mathematic concepts for economic related programmes. It covers the essential mathematical tools such as calculus and matrix algebra. It is introductory in nature, starting from the absolute basics and works up.
Macroeconomic decisions are made every day that impact our lives, you will learn more about these Policies and how governments make their decisions.
Using Econland, an economic simulation game, you will have the chance to make the Macroeconomic decisions and learn how the theories work in practise.
Optional Modules
You need to choose one or more of these modules as part of your course.
For undergraduate students seeking to gain a better understanding of career planning process.
Ideal for anyone who wants to get started with choosing a career path or make plans towards their future. Suitable for students who need the flexibility of online learning.
The module focuses on the theoretical framework and regulatory background of financial reporting and the accounting treatment of particular transactions.
You will also prepare and analyse single-entity financial statements.
You will learn how real life organisational examples, both classical and contemporary theories, developing a range of practical and analytical skills.
This will allow you to better understand the behaviour of employees in the workplace, which will help regardless of your chosen career path.
This module is designed for students who wish to understand the nature and extent of inequality, the issues it creates on both a local and global level and possible solutions.
This module considers various aspects of Company Law, the Law of Partnership, Delict, Contract, and some Employment Laws.
It also examines different forms of commercial relationships/transactions and their common legal problems. Specifically, you are required to understand how to formulate solutions to these legal challenges.
An introduction to the decisions made by a financial manager, such as investment decisions, risk analysis, working capital management based on financial data and using spreadsheet packages such as Excel.
This module will provide work experience alongside university study to further enhance employability and help you plan for your future.
You will be given the opportunity to add to your CV during the semester while building transferable skills and relating key employability knowledge directly to your future career journey.
The module focuses on three main themes:
- geological resources
- soil science
- satellite remote sensing
This allows you to examine deep time to modern processes, to understand the Earth as a system, to examine resource use and extraction, and how we monitor Earth systems.
This module develops core knowledge and skills for Environmental Science. There is a focus on three main themes:
- environmental chemistry
- ecology and population biology
- renewable energy
This module covers key sub-disciplines in human geography. You will explore different social, cultural, and political issues in the contemporary world
This module explores key concepts and theories developed by physical geography in order to interpret and understand landforms, water, and landscape evolution.
Covering the period 1603-c.1939, this module explores Scotland's interactions with the outside world.
Organised around cross-cutting themes like emigration, empire, trade, warfare, religion, and identity, the module's primary aim is to understand how Scotland fitted into the broader British, European, imperial, and global contexts.
Develop the mathematical maturity needed for advanced study in mathematics and physics. Explore linear algebra, calculus, vector spaces, eigenvalues, and functions of two variables.
Develop linguistic knowledge, cultural awareness, and transferable communication skills. These will be of use to you in your personal and professional life.
You will work within level A2 of the Common European Framework of Reference for Languages in all skill areas and selected skill areas of B1.
Develop extensive linguistic knowledge, cultural awareness, and transferable cognitive and communication skills. These will be of use in your personal and professional lives.
You will work within levels B1 (all skill areas) and most skill and topic areas of B2 of the Common European Framework of Reference for Languages (CEFR)
Develop linguistic knowledge, cultural awareness and transferable cognitive and communication skills. These will be of use to you in your personal and professional lives.
You will work within level B1 of the Common European Framework of Reference for Languages in all skill areas and selected skill areas of B2.
Develop extensive linguistic knowledge, cultural awareness, and transferable cognitive and communication skills. These will be of use to you in your personal and professional lives.
You will work within the level of B2 (all skill areas) of the Common European Framework of Reference for Languages
This module illuminates the transformative impact of 20th-century philosophical movements on our understanding of existence and reality.
From existential angst to the exploration of Dasein, you will critically engage with pivotal writings that have shaped modern philosophy and continue to influence our understanding of life and existence.
In this module, we delve into the fascinating world of art and aesthetics, exploring why some philosophers have sought to defend the value of beauty in the modern world, and why some argue good art without being beautiful is in fact one of the great achievements of 20th century art.
This module is designed to introduce students to the methodology and practice of comparative politics.
It achieves this by systematically examining key thematic and methodological issues in the comparative study of contemporary political systems.
Develop linguistic knowledge, cultural awareness, and transferable communication skills which will be of use to you in your personal and professional life. You will work within level A2 of the Common European Framework of Reference for Languages in all skill areas and selected skill areas of B1.
Develop extensive linguistic knowledge, cultural awareness, and transferable cognitive and communication skills which will be of use in your personal and professional lives. You will work within levels B1 (all skill areas) and most skill and topic areas of B2 of the Common European Framework of Reference for Languages (CEFR)
Develop linguistic knowledge, cultural awareness and transferable cognitive and communication skills which will be of use to you in your personal and professional lives. You will work within level B1 of the Common European Framework of Reference for Languages in all skill areas and selected skill areas of B2.
Develop extensive linguistic knowledge, cultural awareness, and transferable cognitive and communication skills which will be of use to you in your personal and professional lives. You will work within the level of B2 (all skills areas) of the Common European Framework of Reference for Languages
This module provides a grounding in theory and methods in contemporary experimental psychology.
It will give you a broad overview of the structure and functional consequences of the human mind, covering topics such as neuropsychology, sensation and perception, language, and thinking and deciding.
Core Modules
These modules are an essential part of your course.
The module provides an introduction to the estimation, interpretation and use of bivariate regression models in applied economics.
By the end of the module you should have a sound understanding of the principles of statistical inference and the practical skills to estimate simple economic relationships in a competent manner.
How do firms decide what to produce, what to charge, and how to compete?
In this module, you'll use core microeconomic principles to answer these questions.
You'll develop both conceptual understanding and technical skills, including constrained optimisation, and apply them to realistic business scenarios across different market environments.
How do investors build portfolios and price assets?
In this module, you'll study core principles of financial economics, from maximising expected utility to mean-variance analysis and the Capital Asset Pricing Model (CAPM).
You'll develop quantitative skills to assess risk-return trade-offs and evaluate fund performance, laying the groundwork for Level 4 asset pricing study.
Standard economic theory often struggles to explain real-world market behaviour.
In this module, you will explore how behavioural economics models address these gaps, using advanced economic frameworks to analyse financial anomalies and the complexities of human decision-making.
The module considers a range of applied econometric topics, building on the introductory Principles of Econometrics (BU31002) module.
You will learn about econometric principles and the practical skills to specify and estimate multivariate economic relationships.
How do firms and individuals make strategic decisions when outcomes depend on what others do?
In this module, you'll build a solid foundation in game theory, from normal and extensive form games to cooperative settings with two or more players.
You'll develop the technical skills required for advanced study in economics and business, applying game theory to a range of strategic situations.
Why do some economies grow faster than others?
In this module, you’ll examine the determinants of long-run economic growth using formal analytical methods.
You’ll study the Solow-Swan model, growth accounting, and the conditions for economic convergence and divergence, building both technical competence and conceptual understanding of macroeconomic dynamics.
In this module, you will be studying the economics of financial intermediation, from the theory of why banks exist to how central banks manage monetary policy.
In doing so, we seek to understand how information asymmetry prevents financial markets from operating to their full potential.
We shall also examine the risks created by financial innovation and consider the emerging role of climate finance.
Optional Modules
You need to choose one or more of these modules as part of your course.
You will be introduced to marketing strategy principles and theory and gain a practical understanding of their methods.
The module will focus on the strategic marketing planning process by exploring the various steps of strategy development and creating a strategic marketing plan for real-life clients.
Strategic Human Resource Management (SHRM) focuses on aligning Human Resource (HR) practices with the long term goals of an organisation.
Learn how the policies and practices of SHRM change the scope of both HR practitioner and line manager roles.
Understand and apply human resource management key practices, including job design, recruitment and selection, performance management, and employment relations. This module uses a case study approach, helping you to synthesise your knowledge and develop a critical appreciation of human resource management practices in a business context.
You will learn about the performance of markets and the strategic behaviour of firms, the field of Industrial Organisation (IO) and market design. You will be introduced to imperfect competition, cooperation between firms, and common regulations such as anti-trust laws.
Complex business problems call for systematic approaches.
In this module, you'll learn how to represent, model, and analyse a wide range of real-world challenges using quantitative methods.
You'll develop hands-on skills in spreadsheet modelling, linear programming, decision analysis, and project management, giving you a strong foundation for data-driven careers.
Core Modules
These modules are an essential part of your course.
The module will explore the quantitative theory of financial pricing and risk management of financial derivatives, such as options and futures.
You will learn about the concepts, mechanics, and practical applications of options and futures, including their valuation, risk mitigation, and trading strategies.
You will explore pricing theories and models that determine the appropriate prices or values of assets.
This module gives insight into how investors perceive and evaluate various investment opportunities.
Data-driven decision-making in finance requires strong econometric skills and the ability to use modern tools effectively.
In this module, you'll build a solid foundation in financial time series analysis, from the classical linear regression model to multivariate methods such as VAR and error-correction models.
You'll use R and contemporary AI tools throughout, applying them to real financial data across three hands-on computer labs.
The global economy is shaped by forces that go far beyond supply and demand.
In this module, you'll examine the social, political, and institutional contexts that determine whether businesses and economies can thrive.
Drawing on economic theory and case studies, you'll analyse issues including international trade, inequality, natural resources, and the economics of crime and discrimination, developing critical and analytical skills to engage with today's biggest challenges.
Exchange rates influence trade, investment, and policy decisions worldwide.
In this module, you'll explore how foreign exchange markets operate, study the major theories and models of exchange rate determination, and examine the empirical evidence behind them.
You'll apply theoretical concepts to real-world scenarios, developing both analytical skills and critical judgement about model validity.
Optional Modules
You need to choose one or more of these modules as part of your course.
You will prepare for and complete a dissertation involving an element of original research achieved through reading and reflection, or collection of primary or secondary data.
By authoring a substantial piece of structured work of around 10,000 words, you will gain a deeper understanding of what constitutes credible management research.
As part of a small group of students, you will form a small consulting team. Your team's task will be to provide marketing research insights to your assigned client, a stakeholder either internal or external to the University.
You will be informed about a limited number of microeconomic policy issues of current interest.
This module will illustrate how economists can contribute to the policy process by helping in the formulation of policy problems, the design and implementation of policies, and the evaluation of their performance.
Understanding how changes in demand and supply impact output and prices is one of the key theories of Macroeconomics.
In this module you will learn a variety of business cycle models used in the modern macroeconomic framework to better understand the world we live in and the importance of macroeconomics.
The course will provide an introduction to marketing research, a range of techniques to collect information to help organisations take informed marketing decisions.
You will concentrate on the design of market research projects, how market research data is collected, and the implications this has for analysis.
Macroeconomic policy refers to government actions aimed at managing a country's economy as a whole.
Such measures are used to stabilise inflation, promote economic growth, reduce unemployment, and maintain overall economic stability.
Optional Modules
You need to choose one or more of these modules as part of your course.
Data mining turns large datasets into actionable business insight.
In this module, you'll learn how using both numerical and text data.
You'll study the core methods of data mining and machine learning, including classification, clustering, and association rule mining, and apply them using industry-standard tools.
You'll work with real business datasets and develop the skills to interpret and communicate findings to decision-makers.
Making predictions lies at the heart of economic and business decisions.
In this module, you develop a deep understanding of the statistical and machine learning methods used to model and forecast business outcomes.
The module includes regression analysis, classification techniques as well as machine learning techniques to predict business outcomes.
The module also makes a distinction between statistical and economic performance of the models.
If you have any questions about the admissions process, studying, or living in Dundee, please contact us