Last modified: 06 Feb 2026 15:47
Economics is subject within social sciences whose objective is to study how to allocate scarce resources, such as oil fields, bread, cars, haircuts, and financial capital. If there was an unlimited amount of resources, then economics would not be needed. Among other things, financial assets are scarce resources as well. That is one of the reasons why finance is relevant to economics. Conversely, economics is relevant to finance as it enables us to better understand how financial markets function. The objective of this course is to provide you with a sound understanding of the main economic theories and to demonstrate their relevance to finance.
| Study Type | Postgraduate | Level | 5 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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Economics is subject within social sciences whose objective is to study how to allocate scarce resources, such as oil fields, bread, cars, haircuts, and financial capital. If there was an unlimited amount of resources, then economics would not be needed. Among other things, financial assets are scarce resources as well. That is one of the reasons why finance is relevant to economics. Conversely, economics is relevant to finance as it enables us to better understand how financial markets function. The objective of this course is to provide you with a sound understanding of the main economic theories and to demonstrate their relevance to finance.
| Assessment Type | Summative | Weighting | 15 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
30-minute online MCQ test |
|||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Analyse core financial economics concepts, including present value, risk aversion, risk diversification, and efficient market hypothesis |
| Conceptual | Understand | Explain the key determinants of market demand and market supply |
| Conceptual | Understand | Apply demand and supply analysis to determine market equilibrium and assess market efficiency and distortions |
| Assessment Type | Summative | Weighting | 70 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Written assessment with 2 essay-based questions (2,400 words total) |
Word Count | 2400 | |
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
|
|
||
| Assessment Type | Summative | Weighting | 15 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
30-minute online MCQ test |
|||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Analyse core financial economics concepts, including present value, risk aversion, risk diversification, and efficient market hypothesis |
| Conceptual | Understand | Explain the key determinants of market demand and market supply |
| Conceptual | Understand | Apply demand and supply analysis to determine market equilibrium and assess market efficiency and distortions |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
2,400-word research essay |
Word Count | 2400 | |
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
|
|
||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Analyse core financial economics concepts, including present value, risk aversion, risk diversification, and efficient market hypothesis |
| Conceptual | Understand | Explain the key determinants of market demand and market supply |
| Conceptual | Understand | Apply demand and supply analysis to determine market equilibrium and assess market efficiency and distortions |
| Conceptual | Analyse | Analyse key behavioural economics and finance concepts, including prospect theory and myopic loss aversion |
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