FINANCIAL ECONOMICS CURRICULUM
The medium of instruction in the MSc Program in Financial Economics is English. The program has both non-thesis and thesis tracks. Those who are in non-thesis track must take six compulsory and four elective courses and complete a research project to graduate. In the thesis track, students are required to take four compulsory and three elective courses, complete non-credit seminar and research methods and ethics courses, and write a master’s thesis.
Students who do not have sufficient background in economics, business, statistics, or econometrics may be required to take up to three preparatory courses. Students will be informed which preparatory courses they should take during the admission interview.
Both the thesis and the non-thesis programs offer evening courses to help students complete the degree with limited career interference.
Preparatory Courses
| Course Code | Course Title | Credit | ECTS |
| ECON 103 | Fundamentals of Economics | 3 0 3 | 5 |
| ECON 315 | Statistics and Econometrics | 3 0 3 | 5 |
| MAN 123 | Fundamentals of Business | 3 0 3 | 5 |
| Note: ECON 103 and MAN 123 are Distance Education courses. | |||
NON-THESIS PROGRAM consists of six compulsory and four elective courses, and a non-credit research project.
Note: For students who enroll in the Financial Economics non-thesis program in the 2021-2022 Spring semester and after (subject to the 2021 and later curriculums), at least two of the four elective courses to be taken must be ECON coded.
Compulsory Courses for the Non-Thesis Program
| Course Code | Course Title | Credit | ECTS |
| ECON 501 | Microeconomics | (3 0 3) | (7.5) |
| ECON 502 | Financial Economics | (3 0 3) | (7.5) |
| ECON 503 | Macroeconomics | (3 0 3) | (7.5) |
| ECON 505 | Financial Econometrics | (3 0 3) | (7.5) |
| MAN 513 | Financial Management | (3 0 3) | (7.5) |
| MAN 522 | Financial Markets and Institutions | (3 0 3) | (7.5) |
| ECON 592 | Project | Non-credit | (15) |
THESIS PROGRAM consists of four compulsory and three elective courses, non-credit Seminar and Research Methods and Ethics courses, and a master’s thesis.
Note: For students who enroll in the Financial Economics thesis program in the 2021-2022 Spring semester and after (subject to the 2021 and later curriculums), at least one of the three elective courses to be taken must be ECON coded.
Compulsory Courses for the Thesis Program
| Course Code | Course Title | Credit | ECTS |
| ECON 501 | Microeconomics | (3 0 3) | (7.5) |
| ECON 502 | Financial Economics | (3 0 3) | (7.5) |
| ECON 505 | Financial Econometrics | (3 0 3) | (7.5) |
| MAN 513 | Financial Management | (3 0 3) | (7.5) |
| RME 500 | Research Methods and Ethics | Non-Credit | (7.5) |
| ECON 590 | Seminar | Non-Credit | (15) |
| ECON 599 | Thesis | Non-Credit | (22.5) |
Students are required to enroll in the ECON 599 course every semester during the thesis period (starting from the third semester).
Elective Courses for the Thesis and the Non-Thesis Programs
| Course Code | Course Title | Credit | ECTS |
| ECON 504 | Investment Analysis and Portfolio Management | (3 0 3) | (7.5) |
| ECON 506 | Money and Banking | (3 0 3) | (7.5) |
| ECON 507 | Risk Analysis and Management | (3 0 3) | (7.5) |
| ECON 508 | Financial Derivatives | (3 0 3) | (7.5) |
| ECON 509 | International Financial Management | (3 0 3) | (7.5) |
| ECON 510 | Macroeconomic and Financial Forecasting | (3 0 3) | (7.5) |
| ECON 512 | Economic Crises | (3 0 3) | (7.5) |
| MAN 505 | Accounting for Financial Reporting | (3 0 3) | (7.5) |
| MAN 515 | Operations Management | (3 0 3) | (7.5) |
| MAN 519 | Quantitative Analyses for Business Decisions | (3 0 3) | (7.5) |
| MAN 524 | Strategic Planning and Management | (3 0 3) | (7.5) |
| MAN 530 | Project Development and Management | (3 0 3) | (7.5) |
| MAN 536 | Operations Research | (3 0 3) | (7.5) |
| MAN 538 | Corporate Governance | (3 0 3) | (7.5) |
| INTT 506 | International Finance | (3 0 3) | (7.5) |
| INTT 507 | Corporate Finance | (3 0 3) | (7.5) |
| INTT 508 | International Commercial and Financial Institutions | (3 0 3) | (7.5) |
| INTT 510 | International Business | (3 0 3) | (7.5) |
| INTT 514 | International Trade Transactions and Applications | (3 0 3) | (7.5) |
| INTT 515 | International Banking | (3 0 3) | (7.5) |
| INTT 516 | Risk Management in International Financial Transactions | (3 0 3) | (7.5) |
| INTT 518 | International Financial Management | (3 0 3) | (7.5) |
| INTT 521 | International Project Finance | (3 0 3) | (7.5) |
Note: In addition to the elective courses listed in the table above, the students of the Thesis Program can also take, as elective courses, ECON 503 Macroeconomics and MAN 522 Financial Markets and Institutions, which are compulsory courses of the non-thesis program.