Academic Field
Financial economics plays an
increasingly important role in economic life. Financial economics is a
driving force behind corporations, markets and the modern economy.
Without money to clear markets, equity prices signalling investment
opportunities, debt to keep managers under control, and derivatives to
hedge risk exposures the world economy would grind to a halt.
The programme is centred on 2 main
themes: Corporate Finance and Investments. Important issues in Corporate
Finance are the capital structure, company valuation and the management
of financial risk. The Investments track focuses on asset pricing and
the developing markets for financial instruments such as derivatives.
Fascinating topics are the rise of
private equity, the abundant financial market anomalies, the increasing
focus on behavioural finance and bidding games for acquisitions. The
wide variety of interesting topics in the programme includes asset
pricing, asset management of pension funds, fixed income securities and
the rise of emerging markets. All these issues provide an authentic
intellectual challenge for students interested in financial economics!
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