Although the programme structure will typically be close to the description here, we sometimes make changes to improve the programme or due to unforeseen circumstances.

Optional pre-semester modules in maths and statistics
Four compulsory taught modules plus one of two quantitative modules
Choose Between

Three elective modules
Dissertation (7,000 words)
OR

Five elective modules
Research Project (2,500 words)
The CFA pathway is identical except that:

students attend additional compulsory module preparing them for CFA Level I exam (often required by major employers in financial sector)
the dissertation is 4,000 words or if you choose the research project (2,500 words) you will also take an additional elective module.
Compulsory/Core modules
Compulsory/Core modules
Financial Derivatives
Financial Derivatives
The purpose of this module is to provide students with an overview of the theory and practice of pricing and hedging derivative securities. These include forward and futures contracts, swaps, and many different types of options. This module covers diverse areas of derivatives, such as equity and index derivatives, foreign currency derivatives and commodity derivatives, as well as interest rate derivatives. This module also addresses the issue of how to incorporate credit risk into the pricing and risk management of derivatives. All the relevant concepts are discussed based on the discrete time binomial model and the continuous time Black­Scholes model. The extensions of the Black­Scholes model are also discussed.

Elective modules
Elective modules
International Finance
International Finance
Foreign exchange is not only the most heavily traded of all financial assets, it has the clearest interface between macroeconomics and finance. In this module you'll get an introduction to the main theoretical models used to understand FX markets as well as in­depth analysis of how they work in practice. Topics include: understanding global imbalances, models of exchange rate determination, the structure of the FX market and how trades are priced, FX derivatives markets, foreign exchange intervention and reserves, and currency regimes and crises. Each week the key lessons of the lecture are illustrated through an analysis of current economic events such as the problems in the Euro­area, China's foreign exchange rate policy and the role of the dollar as a global reserve currency. We also price and monitor foreign exchange trades suggested by course participants to see how good you are at FX trading!

You will need to book the accommodation after you have been accepted.

You can choose to live on campus or off campus in private accommodation.

• Make a booking online after you have been accepted (in this case please let us know your choice when you apply).
• Register when you arrive - its not possible to reserve a room before arriving. You can arrive a few days before and book it