lunduniversity.lu.se

Master’s programme in Finance

MSc in Finance | 1 year | 60 credits

Course content

In this high speed, high learning programme you will gain solid knowledge on the broad finance area. The programme comprises a total of 60 ECTS, consisting of seven compulsory courses covering theories, research methods, and applications in finance.  At the end of the year you apply your new skills and knowledge set in completing a degree project of 15 credits.  

Autumn semester (September - October)

Beginning with a microeconomic foundation to finance, the course provides an in-depth analysis of portfolio choice and equilibrium pricing of financial assets.

Course code: NEKN81 | Download curriculum

The course covers mathematical and statistical techniques that have immediate applications in finance. It is designed to equip students with relevant knowledge of methods for univariate and multivariate cross-sectional and time-series analyses and the ability to apply them to finance problems.

Course code: NEKN92 | Download curriculum

Autumn semester (November - January)

The course provides an advanced, organised, comprehensive, and, in particular, applied coverage of corporate finance. Topics covered include capital, cash, and risk management, corporate governance and ownership, and corporate control and financial restructuring. Cases are used extensively to provide understanding of how to apply theory.

Course code: NEKN93 | Download curriculum

The course covers empirical models in finance. It begins with an overview of more advanced econometric techniques, such as maximum likelihood and GMM. The course then deals with applying econometric techniques to test financial models, such as tests of information efficiency, market microstructure models, event studies, asset pricing, and pricing of fixed income instruments.

Course code: NEKN82 | Download curriculum

Spring semester (January - March)

The course provides students with knowledge about measurement and management of corporate valuation, merger and acquisitions, valuation of real options and corporate exposure to macroeconomic risks. The ultimate test of corporate strategy is whether it creates economic value for shareholders. But how valuable is a particular strategic alternative, and how do risks in the corporate environment influence value creation? These questions are at the centre of the course. Cases are used extensively to provide an understanding of how to apply theory.

Course code: NEKN94 | Download curriculum

The objective of this course is to give the students an understanding and hands-on knowledge of fundamental methods within financial risk management. The course deals with two main topics: measurement and management of market risk and measurement and management of credit risk.

The course begins with an overview of risk management in general with the Basel legislation as a real world backdrop. This is followed by a discussion of the theoretical properties of risk measures, in particular VaR (Value-at-Risk) and ES (Expected shortfall).

The course continues with practical aspects and implementation of methods used to actually measure VaR and ES. This is followed by a general discussion of credit risk and finally the course covers models used in practice to measure and control credit risk.

Course code: NEKN83 | Download curriculum

The course covers two different but related topics. The first part of the course deals with pricing and hedging fixed income security and modelling yield curve, and the second part of the course covers standard and complex derivative instruments in the markets and the application of these instruments for risk management.

Course code: NEKN87 | Download curriculum

Spring semester (April - June)

In the project paper, students should display their ability to apply, compile, and advance knowledge and skills acquired during the previous courses. Through the project students should demonstrate their ability to identify, analyse, and solve financial problems and to evaluate, present, and document their results.

This is a preliminary course list, and is intended as guidance only. The course list may be subject to change.