MSc in Finance and Economics

M1

Curriculum

The foundational first year will equip students with the knowledge and skills needed to pursue their chosen specialisation in the second year of the MSc in Finance and Economics. In the first semester, students will complete two compulsory modules, covering topics in Finance, Economics and Quantitatives and an introduction to the Luxembourg financial centre:

• Fundamentals of Financial Markets, Investments and Microeconomic Theory
• Mathematics and Data Analysis I
• Programming I (Optional)

In their second semester, three modules are taught in preparation for the second-year specialisation:

• Asset Pricing and Macroeconomic Theory
• Data Analysis II
• Special Topics in Economics and Finance (Electives I)
• Data Platforms (Optional)

Learning outcomes

• Common understanding of finance and economics for students from all backgrounds
• Insight into the Luxembourg financial centre
• Understanding of the nature, role and function of financial markets (such as money, bond, and equity and derivatives markets)
• Proficiency in basic quantitative tools and techniques
• Application of knowledge to recognise and analyse complex problems in the given field; identify and answer questions using scientific methods

The M1 prepares students for the specialisations of the second year (numerus clausus: maximum of 20 students per track):

• Banking
• Investment Management
• Risk Management
• Financial Economics
• Sustainable Finance
• Digital Transformation in Finance

Successful candidates with an interest to pursue a career in research or further studies at doctoral level may apply to the MSc in Quantitative Economics. Students cannot graduate with a diploma from the M1. Further study (M2) is needed for the conferment of a degree by the University of Luxembourg.