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.

Students who have prior knowledge of econometrics have the option of exchanging the course Financial Econometrics for a more advanced course in econometrics.

Course code: BUSN80

Autumn semester (November - January)

The course consists of advanced theories and concepts in corporate finance. Starting from the Modigliani–Miller-theorem, the course provides a comprehensive review of theoretical and empirical research on corporate financial policies and strategies, with emphasis on the constraints imposed by market imperfections such as agency problems, information asymmetries, taxes and financial distress costs. The last part of the course addresses empirical methods to examine and test the theoretical models. 

Course code: BUSN81

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

Course code: NEKN82 | Download curriculum

Spring semester (January - March)

This course is about capital budgeting and business valuation. The course will make the participants familiar with different income and cash flow-based present value techniques to assess business and investment. The course will make the students familiar with different models to measure value creation and will emphasise links between economic value creation and business valuation. Relative valuation is also covered.  

Course code: BUSN87

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 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 a general discussion of credit risk and to apply models to measure credit risk. 

Course code: NEKN86

The course consists of two major parts. The objective of the first part of the course is to give the students an understanding of fundamental issues in pricing fixed income securities and measuring and hedging risks associated with these securities. The second part of the course covers the mechanics, valuation and practical uses of interest rate swaps and credit default swaps in order to hedge market risk (interest rate risk) and credit risk, respectively. 

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.

Course code: NEKN02 | Download curriculum

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