MSc in Economics and Finance - Advanced Economics and Finance (cand.oecon)

You will acquire an in-depth knowledge of the most recent empirical research and models in economics and finance. Through this you will learn to discuss, analyse and solve real-life problems relating to economic and financial decision-making in corporations, understand the fluctuations and drivers of financial markets, and test ideas at the forefront of academic research.

About the programme

The MSc in Advanced Economics and Finance accommodates the need for economists with strong quantitative competencies. The programme is a thorough preparation for a variety of careers. Graduates are working in the financial sector, consulting firms or joined a PhD programme in economics or finance. The programme offers you the opportunity to develop your understanding of finance, economics, and quantitative methods at a very high level

While the first year of the programme is balanced between finance and economic courses, you can choose to specialise in further areas of economics and/or finance in your second year. You are taught to apply and use various well-known models and methods, but also to understand their technical foundations. This deep understanding of economics and finance allows you to adapt the models to new market conditions 

Corporate finance, financial markets and corporate governance
In the study of corporate finance, you will investigate the incentives that are fundamental to understanding the different forms of capital structure and payout policies. In addition, this programme discusses the arguments underlying different forms of financing and management compensation.

You will be introduced to advanced topics within the area of financial markets. Areas to be covered include, but are not limited to, an individual’s choice of consumption and portfolio selection, and comprehensive pricing models. These models will be further developed into dynamic multi-period models, which are used in the most quantitative financial institutions.
The ability to create mathematical pricing models will be essential as you progress into more advanced topics, for example, derivatives and credit risk.

You will also learn how to deal with and/or prevent principal-agent problems, such as conflicts in owner-manager relations and the use of appropriate incentive schemes. Through game theory, advanced multi-period and multiple-agent models, you will develop a quantitative approach to solving problems of corporate policy.  For instance, when writing contracts, you will deal with asymmetric information, incentive schemes and/or risk sharing in order to ascertain how these agency issues relate to particular governance systems in a corporation.

Economics and econometrics
You will analyse the behavior of economic agents, how they interact in markets and how they are regulated.

Moreover, this programme focuses on the study of macroeconomics, where, for instance, you will be able to explain and derive models of economic growth and business cycles. You will also be able to analyse the impact of fiscal and monetary policies as well as the role of government regulation and institutions.

Using econometric methods, you will be able to test theoretical predictions using economic and financial data. You will learn to select the appropriate data, models, and how to evaluate different econometric models.


Course overview

1st semester 2nd semester 3rd semester 4th semester
Contract, Agency, and Game Theory (7.5 ECTS) Advanced Industrial Organization (7.5 ECTS)

Electives

or

Exchange

(30 ECTS)

 

 

 

 

 

Master's thesis
(30 ECTS)

 

 

 

 

 

Asset Pricing (7.5 ECTS) Derivatives and Risk Management (7.5 ECTS)
Corporate Finance (7.5 ECTS) Financial Econometrics (7.5 ECTS)
Econometrics (7.5 ECTS) Macroeconomics - The Global Economy (7.5 ECTS)

You can read more about the programme, academic content and exams in the programme regulations for MSc in Advanced Economics and Finance (cand. oecon.)
 

The page was last edited by: Web editor - Student Communications // 03/13/2025