What causes 'credit crunches', and how do their effects spread throughout the economy? What determines the value of Pound Sterling relative to the US Dollar or Euro? How do stock market prices affect asset prices? Financial events are rarely far from headline news. They have an impact that extends far beyond the financial sector to affect almost every aspect of daily life, including income, employment, prices, property value and the cost of mortgages.MEcon Financial Economics is built on the core principles of economics, which are applied to your study of financial institutions (such as banks), financial markets (such as the stock exchange), and financial instruments. You receive a thorough training in economics and mathematics up to post-graduate level, as well as training in quantitative research methods.You study the mathematical and statistical analysis of economic problems, and how the financial system functions, choosing from a range of topics on financial economics including:- Fundamentals of accounting- Business strategy and competition- Capital markets- Financial innovations and new forms of transaction media- Bonds and contractsThe emphasis of our MEcon Financial Economics is on the ways that economic reasoning can inform and illuminate the financial decision-making of investors and the financial choices made by firms. Much of our world-class research is related to policy, and we have particular strengths in the areas of game theory and strategic interactions, theoretical and applied econometrics and labour economics. The quality of our work is reflected in our stream of publications in high-profile academic journals, including American Economic Review, Econometrica, and Review of Economic Studies.