MA/M.Sc. in Financial Economics

  • Background

    In the present day competitive economy, the world of finance has undergone significant changes. The free market economy accompanied by liberalization and globalization of the financial services sector has resulted in innovation of new financial instruments, new financial institutions, new financial services, new financial markets and new financial risks. The rapid development in information and communication technology has accelerated the growth, expansion and diversification of the financial sector.

    Economics is the mother of all financial sector developments. Financial economics is that branch of economics which analyses the optimal use and distribution of resources in the market. The basic economic theory, coupled with quantitative techniques and financial modeling help in developing analytical and practical skills to meet the various challenges faced in the financial sector of the economy.

    Risks and uncertainty in decision making are the hallmarks of all types of financial decision making. All the institutions in the financial services sector, namely banks ,insurance, wealth management companies, equity research firms, rating agencies, sectoral finance companies, stock exchanges and other institutions both in the public and private sector continue to face challenges in decision making The application new economic decision making models backed by the emerging digital and data management technologies have created a huge gap in the demand and supply of skilled manpower in the finance domain of all the important institutions. This is the reason why presently a large number of job opportunities are being generated in the area of risk management, financial research, data analytics and financial decision making domain of both large corporate ,government and private sector institutions.

  • Programme Objective

    The basic objective of the programme-“MA in Financial Economics”is to create a band of skilled professionals who are skilled in the application of various mathematical and statistical analytical tools and models in financial decision making. The fundamental ideas and tool of financial economics that were developed at the interface between mathematical economics and finance created new markets based on the emerging developments in the financial sector. The nature and complexity of decision making related to the financial economics varies from institutions to institutions. The degree of risk and uncertainty associated with the banking organizations differ from that of an insurance company. Similarly government organization and private organization also differ in their approach to handle the risk and decision making. There are some generic skills and some institution specific skills. This programme would be a skill based programme and the course would be structured in a way so that the after completion of the course, the students would be able to apply their analytical skills and knowledge in various domains of the financial services sector.

  • Target Institutions/Professions
    • Commercial Banks
    • Central Bank
    • Small banks
    • Payment Banks
    • Rating Agencies
    • Equity Research Firms
    • Brokerage Firms(Securities Trading)
    • Financial Planning &Wealth Management Firms
    • Infrastructure and Sect oral Finance companies
    • Risk management Companies
    • Export and Import Firms(International Trade)
    • EXIM Banks
    • Financial Logistic and Supply Chain Management
    • Financial Engineering
    • Forex Management Firms
    • Stock Exchanges
    • Financial Analytics
    • Investment Banking
    • Asset Management
    • Credit Management
    • Financial Analyst and Treasury Analysts

     

  • Eligibility for Admission

    Graduates/Post Graduates in Economics and other disciplines preferably Mathematics, Commerce, Management, Computer Science, Engineering, Statistics, Finance etc with 50% marks in Aggregate and Mathematics at Plus two level or Statistics at Graduation.

  • Proposed Draft Course Structure (Four semester)
    COURSE CODESUBJECTCREDIT
    SEMESTER I
    101Fundamentals of Quantitative Analysis4
    102Macroeconomic4
    103Financial Economics4
    104Econometric Models4
    105Financial Institutions and Markets4
    106Seminar and assignment submission-12
    Total Credit Semester-I22
    SEMESTER II
    201Microeconomics4
    202Fundamentals of Investment and Financial Mgt.4
    203International Macro economics4
    204Monetary and Fiscal Policy4
    205Derivatives and Risk management4
    206Seminar and Assignment Submission -22
    Total Credit Semester-II22
    SEMESTER III
    301Micro Economics in Banking4
    302Insurance and Risk management4
    303Data Analytics in Financial decision making4
    304Security Market Operations4
    305Start Up and Venture capital Funding4
    306Minor Research Project4
    Total Credit Semester-III24
    SEMESTER IV
    401Banking and Financial Technology4
    402Valuation of Financial Instruments4
    403E-Commerce4
    404Equity Research Analysis4
    405International Finance4
    406Final Projects (project+viva)8
    Total Credit Semester-IV28
    TOTAL CREDIT96

     

    *In addition, students are expected to complete any two of the following courses under MOOCs

    • Introduction to Excel
    • Finance for Non finance Managers
    • Financial Modeling