MA Public Opinion and Political Behaviour
MSc Management Economics options

Year 1, Component 07

Economics or Essex Business School option from list
BE150-7-AU
Issues in Financial Reporting
(20 CREDITS)

Demonstrate a critical understanding of major current issues in financial accounting and reporting. You develop an awareness of financial reporting theory, the problematic nature of accounting measurements and disclosures, corporate disclosure regulation, the implications of market efficiency for financial reporting, and the potential role of accounting information in social reporting and collective bargaining.

BE151-7-SP
Management Accounting
(20 CREDITS)

Management accounting provides information required for decision-making, planning and control and cost management. You examine a range of contemporary issues in management accounting such as activity-based costing, strategic management accounting and other management accounting issues. You also evaluate contemporary approaches of management control theories to understand the current practices of management accounting locally and globally.

BE154-7-SP
International Management Accounting
(20 CREDITS)

Analyse the changing practices and theorization of management accounting and control in emerging and less-developed countries in the context of environmental change, institutional and socio-economic factors. You examine traditional management control systems in the context of different cultural, political, and socio-economic contexts.

BE155-7-SP
International Financial Reporting
(20 CREDITS)

Develop a critical understanding of current issues in international financial reporting. You analyse the development of national accounting systems, the role of the International Accounting Standards Board (IASB) and its impact on financial reporting internationally, and the particular financial reporting needs of developing countries.

BE156-7-SP
Cases in Corporate Governance
(20 CREDITS)

This module gives you a critical understanding of current issues in corporate governance theory, regulation and practice at both national and international levels. You undertake a critical review of agency, stakeholder and other corporate governance related theories and explore the codes and regulations governing corporate and board behaviour. Examples include the UK’s Combined Code, Operating and Financial Review and the US Sarbanes-Oxley Act. You examine real-world case studies and develop a deeper understanding of the meaning of ‘good’ governance.

BE161-7-AU
Corporate Reporting and Analysis
(20 CREDITS)

This module introduces you to financial reporting, governance, regulation, and analysis of financial statements. You also gain an understanding of the role of published financial statements in aiding users in their decision-making.

BE350-7-SP
Corporate Finance
(20 CREDITS)

This module offers you a standard introduction of the field of corporate finance at postgraduate level. You consider the classical areas of Modigliani-Miller irrelevance, Taxes and capital structure, Trade-off theory and Pecking order theory of capital structure, before exploring the more modern areas, which are essentially based on contract theory.

BE351-7-SP
Derivative Securities
(20 CREDITS)

Master the pricing of financial derivatives and their use for hedging financial risks. You study the basics of futures and options, analyse the Black-Scholes and binomial option pricing models, and consider various numerical techniques for pricing financial derivatives. Futures and options are then utilised in the context of hedging financial risks, and you are introduced to the concept of volatility trading and the treatment of volatility as an asset class.

BE352-7-AU
Asset Pricing
(20 CREDITS)

Gain a formal introduction to asset pricing theories and empirical findings. You review the fundamental theories of the expected utility, asset pricing kernels, and risk-neutral valuation, covering the Capital Asset Pricing Model (CAPM), and linear factor models arising from the Arbitrage Pricing Theory (APT). You also discuss empirical asset pricing studies.

BE354-7-AU
Portfolio Management
(20 CREDITS)

Understand the process of portfolio management. You cover the main concepts such as efficient diversification, managing risk exposures, and the valuation of financial assets that are at the core of managing investment portfolios, and pay special attention to the practicalities of the implementation of these concepts.

BE356-7-SP
Financial Modelling
(20 CREDITS)

Consider the use of modern econometric techniques in the analysis of financial time series. You cover multivariate models for stationary and non-stationary processes, such as Vector Autoregressive models, consider appropriate models for volatility, and study Markov processes and simulation methods used for financial modelling.

BE357-7-SP
Behavioural Finance
(20 CREDITS)

Behavioural finance rejects crucial tenets of mainstream finance such as the Efficient Market Hypothesis (EMH) on the basis that agents are less than fully rational, and that arbitrage fails to eliminate mispricing. Instead it identifies market anomalies or regularities such as holiday effects that are at odds with the EMH. You learn to use ideas from cognitive psychology, such as overconfidence, and aspects of imperfect arbitrage to explain these.

BE361-7-SP
Risk Management
(20 CREDITS)

The recent financial crisis and credit crunch have demonstrated that risk management was too narrowly defined. In this course you examine the Value at Risk (VAR) measure of financial risk developed in the 1990s, before discussing the new post-crisis Regulatory environment.

BE362-7-SP
Fixed Income Securities
(20 CREDITS)

Discover the concepts and tools that are useful to asset managers who want to use fixed income securities for investing, market-making or speculating. You first study fixed income markets and instruments, before going on to explore basic concepts of bond portfolio management and investigating the quantitative tools used to value bonds and manage bonds' portfolios.

BE364-7-SP
Trading Global Financial Markets
(20 CREDITS)

Gain theoretical knowledge and a practical understanding of financial markets, trading strategies, risk and money management and trader analytics at the highest level. You study a mix of classroom-based instruction, case studies and practical trading exercises where you trade on real-time simulated global markets through the use of industry-strength proprietary trading software in the trading lab.

BE367-7-SP
Data Analytics in Finance
(20 CREDITS)

Big data - where datasets are so large they cannot be processed using traditional techniques – is useful to financial organisations. This module explores how to analyse big data and covers areas such as predictive analytics, risk modelling and corporate finance. You also learn about the application of data analytics in high frequency finance, fraud and personal finance.

BE399-7-AU
Postgraduate Mathematics Preparation
(0 CREDITS)

This module covers topics in mathematics that are required in Masters-level finance courses at the University of Essex. You focus on the basics of linear algebra, differential calculus including optimisation and dynamics.

BE467-7-SP
Ethics and Corporate Social Responsibility
(20 CREDITS)

Explore issues ranging from environmental disasters to corporate greed and from executive pay to ethical bottled water. You discover the relationship between management and corporations on the one hand, and society and nature on the other, engaging in debates around ecological sustainability, governance and corporate ethics and responsibility.

BE469-7-SP
Managing Across Cultures
(20 CREDITS)

Managers increasingly find themselves working across borders calling for a thorough understanding of issues that relate to cross cultural management. In this course you enhance your understanding of the way in which globalisation and international business activities affect management and management practices across cultures.

BE550-7-SP
Critical Marketing
(20 CREDITS)

In the current brand-dominated and rapidly globalising world of business and management, saturated by advertisements, critical understanding of marketing activities and how they affect businesses and individuals is a requirement for a general management and marketing career. In this module you investigate the role of marketing within organisations, and the linkage between marketing and general management.

BE554-7-SP
Strategic Brand Marketing
(20 CREDITS)

Strategic brand communication considers all the means by which brand meaning is created and circulated - not only through channels such as promotion and distribution, but also how for example employees are utilised for the purpose of communicating a consistent brand message. You analyse the underlying ideas that inform how brand messages are constructed, and how for example stereotypes or normative ideas of gender are reproduced in those messages.

BE557-7-AU
Perspectives on Marketing
(20 CREDITS)

Explore the foundational principles of marketing as an academic subject and practice, by considering marketing from different perspectives including consumer behaviour, the marketing mix perspective, services marketing, retail and place marketing, marketing communications, ethical marketing, and global marketing.

BE650-7-AU
Modern Banking
(20 CREDITS)

Explore the basics of the structure and environment of banking, and selected aspects of the applied economics of the modern banking firm. You study structure-conduct-performance, competition, bank efficiency, regulation, international banking and bank failures and crises.

BE651-7-SP
Bank Strategy and Risk
(20 CREDITS)

Analyse the key strategic developments in banking and the main aspects of risk management in modern banks. You are introduced to the concept of shareholder value in banking, the main banking strategies to create shareholder value, the key risks in banking, and the most important tools required to manage bank risks.

BE653-7-SP
Industry Expert Lectures in Finance
(20 CREDITS)

Taught exclusively by leading industry experts, this module offers you a unique opportunity to appreciate the latest developments and issues faced by leading practitioners in the areas of quantitative finance and risk management.

BE865-7-AU
People and Organisations
(10 CREDITS)

This module covers many of the key human aspects of management that are, so often, taken for granted. It provides you with an understanding of core issues that shape the management of organisational performance. We invite you to analyse workforce issues that will shape your own management practice.

BE950-7-AU
Research Evaluation
(20 CREDITS)

Explore a range of theoretical, philosophical and methodological approaches to the conduct of doctoral research with a focus on the literature phase of a research project. You scrutinise the process of writing an academic literature review, develop a literature-based research plan for your dissertation, integrating subject-specific learning with insights on research methodology and epistemology.

BE951-7-AU
Research Methods in Accounting
(20 CREDITS)

This module equips you with a critical understanding of research methods and methodologies in the field of accounting. You develop the skills needed to explore issues in accounting and identify, choose and implement research designs and strategies.

BE953-7-AU
Research Methods in Finance: Empirical Methods in Finance
(20 CREDITS)

This module equips you with the econometric tools and necessary experience to conduct empirical research in finance. You review statistical and basic econometric models and learn to apply econometric techniques in finance by considering topics such as (G)ARCH models, unit roots and cointegration.

EC501-7-AU
Econometric Methods
(20 CREDITS)

Wish to conduct your own research using econometric methods? Understand econometric methods and learn to apply them to a wide variety of situations. Examine methods of linear regression and hypothesis testing. Study time series concepts of unit roots and co-integration. Explore ideas around simultaneous equation models and panel data models.

EC902-7-SP
Economic Development Theory
(20 CREDITS)

What are the distinctive features of less developed economies? How do theories around child labour or inequality explain poverty? What economic policies could alleviate such problems? Understand the issues facing developing countries, examining policies theoretically and empirically. Act as a policy advisor, undertaking research on issues of development economics.

EC904-7-AU
Macroeconomics
(20 CREDITS)

What are the main issues facing the modern macroeconomist? How do you critically assess macroeconomic policies? Acquire the necessary tools for macroeconomic analysis, focusing on the important questions faced by macroeconomists today.

EC905-7-SP
Political Economy
(20 CREDITS)

What makes societies choose different taxation systems? What drives the selection of politician in society? And how does selection impact on the choice of policies? Study the application of economic methods to understanding the political phenomenon that impact on the choice of different economic policies.

EC932-7-SP
The Economic Geography of Employment, Innovation and Trade
(20 CREDITS)

Despite all the talk about the “death of distance”, geography matters more than ever. This course is a journey through the current economic landscape. We will try to understand the economic forces driving trends in wages, productivity and innovation across cities and regions. These are the forces that will define the geography of future jobs and will shape the economic destiny of local communities around the world.

EC933-7-SP
International Finance
(20 CREDITS)

What are the main uncertainties for international financial markets? What causes a currency crisis? How do you deal with global imbalances? Understand the analytical tools used in the field of international macroeconomics and finance. Demonstrate how such tools can be applied by examining key policy issues of interest today.

EC963-7-SP
Public Policy Evaluation
(20 CREDITS)

This module equips you with the tools commonly used in economics to critically assess the efficacy of current policies and the effects of policy changes. You will put theoretical knowledge into practice, closely reviewing canonical applications of these tools in the economics literature as well as performing evaluations yourself.

EC964-7-SP
Microeconometrics
(20 CREDITS)

Get to grips with modern microeconometrics. Examine the nature of causal and noncausal models, discuss the nature of microeconomic data structures, and review core econometric methods in the first part of this module. Then, analyse limited dependent variable models, including discrete choice and selection models, and examine program evaluation methods.

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