Cardiff School of Management>Courses>Economics and Finance - MSc

Economics & Finance Masters - MSc

Economics & Finance - MSc

Key Facts

Place of Study: 
Llandaff Campus

Cardiff School of Management

Course Length:
One year full-time or two years part-time.

25% Alumni Discount:
The Cardiff Metropolitan University Alumni Discount is a 25 per cent reduction in tuition fees for Cardiff Met Alumni enrolling on taught postgraduate courses. 
See if you are eligible.

Course Overview


In 2008 cataclysmic events shattered the world of Finance and caused shockwaves through the rest of the global economy. Some realised that change would be needed but none forecast that less than a decade on the sector would be so radically and irrevocably changed.

The new MSc in Economics and Finance has been designed to develop postgraduate students who are equipped academically to succeed in an increasingly complicated and challenging global workplace. When you graduate, you will leave as a professional economist, who is equipped for an academic career, but who crucially is also ready to use economic thinking in the world outside academia. Well qualified economists are in demand in government, industry and, obviously commerce. 

All the Finance based Masters programmes within the School of Management have full access to the Financial Times on-line  and  the opportunity to learn and carry out practical work in our dedicated, state-of-the-art Bloomberg Financial Lab. The virtual financial platform allows you to access and engage with live market data through applying practical evaluation and financial modelling. The programme also offers you an opportunity to gain the Bloomberg certificate - Bloomberg Market Concepts (BMC), which is widely recognised in the banking and financial industry.

You will be taught by academically qualified and enthusiastic staff with research and consultancy experience and links to industry. Your high quality learning experience comprises lectures and discussions supported by group work, presentations, statistical computer labs and case studies. Your learning will be assessed by a mixture of coursework assignments throughout the year, and by examinations in January and/or May.

Course Content

Module Information 

Macroeconomic Analysis 

This module will bring you to the cutting edge of macroeconomic academic debate and real-world application. It will enable students to critically evaluate different macroeconomic models, apply the modern techniques used by practitioners and communicate the results of economic analysis clearly and competently. 

Group Presentation 20%
Individual Report 30%
Exam 50% 

Current Issues in Accounting, Economics and Finance 

The world of finance is ever changing – during any semester there will be major changes in terms of corporate finance, national finance, international finance or all three. The aim of this module is to allow students an opportunity to engage, reflect and critically evaluate these contemporary events. 

Written Coursework (50%)
Reflective Logs (50%)

Professional Development and Practice in Business and Management 

The aim of this module is to provide students with the tools, techniques and competencies to enhance both their academic learning and personal development. It requires students to reflect upon their performance and intellectual development. In addition, the module aims to develop and promote critical employability skills to enhance student career opportunities and prospects. 

Portfolio (100%)

Quantitative Finance

The aim of the course is to give students confidence and skill in the use of the mathematical and statistical methods used in the field of financial management, including the calculation of financial market yields and prices, frequency distributions, risk and probability, correlation and regression analysis. 

Exam (100%) 

Research Methods 

This module provides a comprehensive introduction to research as practised in finance and related disciplines. It provides an overview of the key quantitative and qualitative methodologies that are needed to undertake, evaluate and present a small scale research project. Following an introduction to research the module will move on to explore the major paradigms and debates. It will help students to build appropriate strategies for reviewing literature and developing a coherent set of aims and objectives for a research study. It identifies how to develop research questions/hypotheses and how to produce a robust and realistic research proposal and research design considering issues of data validation, triangulation and reliability. It will develop the students’ awareness of the importance of Ethical considerations within a research project.

Presentation (20%)
Ethics Form (30%)
Proposal (50%) 


The dissertation provides an opportunity for in depth study of a topic relevant to management. On successful completion of the module, the student should be able to critically evaluate major schools of thought within relevant financial management theory; translate theory into practice through the study of its application in the real world; undertake empirical research in this area and draw strategic conclusions about the implications of the results for managerial decision-making. 

Dissertation (100%) 

Behavioural Finance

Behavioural Finance is a study of how investor behaviour and behaviour patterns impacts on investment decisions. The field looks at cognitive psychology, economics and investor needs. This module aims to provide students with a detailed understanding of Behavioural Finance The student will understand when and why markets over and underreact and utilise famous approaches like prospect theory and regret theory. 

Essay/Report 50%
Exam 50% 

Microeconomic Analysis 

This module provides students with a comprehensive understanding of microeconomics that can be used to understand and engage with problem solving in a wide range of practical contexts, with the emphasis on labour and healthcare markets. 

Essay 50%
Exam 50% 

Corporate Finance and Risk 

The main purpose of this module is to provide a systematic knowledge and understanding of a range of approaches to corporate finance and risk. It combines a theoretical approach to financial theory with the practical tools and techniques of corporate financial management. It outlines the sources of funds available to the corporate sector and the operation, importance and impact of global financial markets. It examines how corporate organisations plan for, finance, and fund investments, including mergers, acquisitions and brand new operations. The module also outlines the nature of risk and the tools and techniques to cope with and manage risk in the corporate environment. 

Written Coursework (60%) 
Presentation and Report (40%)

Capital Markets and Derivatives

The module is designed to build on the finance related knowledge and skills acquired in Compulsory modules a strategic understanding of capital markets and their most volatile instruments. It will provide a sound understanding of modern corporate finance theory and practice and will equip students with the ability to analyse internal & external accounting statements. 

Exam (100%) 

Professional Work Experience

The aim of this module is to allow students an opportunity to undertake a substantial, significant work placement to gain experience in an organisation relevant to their Master’s Award Students should be able to transfer and apply diagnostic and creative skills, and exercise significant judgment in a range of situations through their experience in their work placement.

Written Report (30%)
Presentation (20%)
Employers Report (30%)
Reflective Log (20%) 

International Political Economy 

This module will aim to introduce students to international geopolitics with introductions to the supranational political entities and international cooperation and dispute resolution mechanisms. Students will also learn of comparative political and legal systems and the role of these systems in international commerce and finance. This will encompass several aspects economic, political and security policy. There will also be an analysis of the role played by the Cold War in the development of the current international political order. This is not an Anglo-Centric module. 

​2 Essays 100%

Learning & Teaching

The teaching philosophy of these programmes is to deliver wherever possible each module with a multi-disciplinary teaching team, providing a more effective framework to encourage and promote an integrated understanding of the field. The role of the module leader will be to co-ordinate, and in effect oversee the delivery of content by the modular team, ensuring that learning outcomes are met. 

Module teaching teams will be drawn from the course teaching team. This will not only enhance student learning but provide teaching staff with the opportunity to develop their own knowledge and understanding of other business and management disciplines. This approach to teaching will shape and direct content in a complementary and mutually reinforcing way, allowing for the development of multi-disciplinary assignments and projects and students could be exposed to integrated formative assessments.

Increasing use is being made of the “Moodle” Virtual Learning Environment and, whilst individual lecturers have individual styles, students will be expected to engage in webinars, on-line discussion forums etc. Prospective students should note that the availability of a VLE is not considered a substitute for regular attendance and in a normal week they will be expected to attend a mixture of lectures and seminars for up to 12 hours per week. Please note that is possible that teaching time is between 9.00 am and 9.00 pm.

There is a common shared spine within these programmes which overlaps with existing Masters level programmes within Cardiff School of Management. Consequently students will, for some modules, be taught with students on the MBA, MSc Financial Management and MSc International Business Management programmes. The teaching team consider this a strength of the portfolio.


The professional world our successful graduates are aiming to enter are seeking students that are able to conduct useful research, think critically about that research and apply to complex problems – this ,inter alia, necessitates effective use of modern ICT and the ability to utilise knowledge effectively. Particularly within this field graduates will be expected to show excellent quantitative skills. These students will be assumed to process effective two-way communication skills and be comfortable and effective in self-managed and team environments.

The formative and summative assessments necessary to develop, hone and showcase these abilities are, of necessity many and varied and these programmes will expose the students to individual coursework, and presentations, group tasks, reflective logs, role-playing as well as traditional closed book examinations.

Employability & Careers

The demand for highly skilled and knowledgeable finance professionals is now more global than ever before. No longer are London and New York the only homes for large multi-national international financial businesses and institutions. These potential employers are now additionally located in the Middle and Far- East and a postgraduate student is almost as likely to find their first job in Dubai, Bahrain or Shanghai as in the traditional centres. 

This demand has been instrumental in designing this challenging suite of programmes. In order to maximise employability the programme learning outcomes are geared towards supplying students with the knowledge, skills and understanding that the finance industry requires. A key component of this is the module “Current Issues in Accounting, Economics & Finance”.  

The programmes seek to meet individual and industry needs by developing students with higher-level cognitive skills and abilities who also possess an excellent practical understanding of "how to apply" rather than just "why it happens". 

 All the programmes have a 20 credit optional Professional Work Experience module which involves a minimum 4 week work placement to take place outside the teaching semesters. Students are expected to organise their own placement and all such placements must be substantive and at an appropriate level. These placements will involve “employer” input and must be approved by the Programme Director prior to commencement. Alternatively students with appropriate managerial level experience within an appropriate field can apply for “Recognition of this Prior Experiential Learning”. 

 The School of Management has opportunities for successful graduates to apply for M.Phil./ PhD study within the School.

Entry Requirements & How to Apply

Applicants should meet one of the following:


  • Possess, or expect to obtain, an undergraduate degree or equivalent, in a relevant area (Accounting, Economics or Finance) with a minimum of a 2:2 classification. Students with a general Business Studies degree with a relevant pathway or substantive appropriate module coverage will be considered on a case by case basis;
  • Have a minimum of five years relevant work experience in the field of finance; 
  • Hold a suitable professional qualification from an appropriate professional body. In some instances those with higher level professional qualifications may be exempt from specific taught modules. Such exemptions would be discussed on a case by case basis with the Programme Director. 


In general terms graduates from non-financial disciplines will not normally have the pre-existing skills set to succeed on the programme BUT such students are welcome to apply and such applications will be viewed on an individual basis.

International Students: 
Students whose first language is NOT English will need to provide evidence of fluency to at least an IELTS 6.0 standard. 

Selection Procedure:
Application form and if necessary an interview. 

How to Apply:
Applications for this course should be made direct to the university via our self-service facility. For further information please visit our How to Apply pages at

If you are interested in using credit from another institution, or have obtained qualifications and/or experience to study for a course at Cardiff Met,  you can find further information on this as well as information on how to apply on the RPL page.

Additional Information

International Applicants:
Before making an application, international students (those outside of the EU), should contact the International Office at Cardiff Met to discuss the necessary procedures in relation to studying with us. For further information visit

Tuition Fees and Financial Support:
For up to date information on tuition fees and the financial support that may be available. Please refer to

Part-time fees:
Charges are per Single Module unless specified:
Undergraduate = 10 Credits; Postgraduate = 20 Credits

Please contact the programme leader for further information on modules to be studied part-time and how this will affect fees.

Contact Us

For general enquiries please contact the Admissions Team on 029 2041 6044 or email

For course specific enquiries, please contact the programme leader, Dr Ricky Li: 
Tel: +44(0)29 2020 5752

Full terms & conditions in relation to accepting an offer to study at Cardiff Metropolitan University can be found by visiting