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Research methods for finance

This module introduces students to the underlying principles of research in modern finance, its process, philosophy, methods and methodology.  It aims to develop competences in applying statistical and econometric techniques to problems in finance. It will alert students to the assumptions and limitations that underpin these quantitative methods. At the end of the module students will be able to decide on which techniques to apply, and will be able to design and execute an empirical investigation of a problem in finance.

Vocational relevance

This module is essential you if you are working, or planning to work, in the finance sector especially in financial institutions. It will also benefit individuals who work, or intend to work, outside of the finance domain such as conducting academic research in finance. This module will also be of interest to those who wish to expand their knowledge and skills in order to increase future opportunities by acquiring key transferable skills.

Qualifications

B860 is a compulsory module in our:

B860 is an optional module in our:

Postgraduate Loans 

If you study this module as part of an eligible qualification, you may be eligible for a Postgraduate Loan. For more information, see Fees and funding.

Module

Module code
B860
Credits

Credits

  • Credits measure the student workload required for the successful completion of a module or qualification.
  • One credit represents about 10 hours of study over the duration of the course.
  • You are awarded credits after you have successfully completed a module.
  • For example, if you study a 60-credit module and successfully pass it, you will be awarded 60 credits.
30
Study level

Across the UK, there are two parallel frameworks for higher education qualifications, the Framework for Higher Education Qualifications in England, Northern Ireland and Wales (FHEQ) and the Scottish Credit and Qualifications Framework (SCQF). These define a hierarchy of levels and describe the achievement expected at each level. The information provided shows how OU postgraduate modules correspond to these frameworks.

OU Postgraduate
SCQF 11
FHEQ 7
Study method
Distance learning
Find out more in Why the OU?
Module cost
See Module registration
Entry requirements

Find out more about entry requirements.

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What you will study

This module aims to equip you with the necessary theoretical, applied and critical skills to be conduct effective research in finance. The first part of this module aims to provide you with a foundation in research methods and methodology in finance. The second part aims to give you a thorough understanding of statistics to enable you to explore and interpret data as well as test hypothesis. The third part aims to introduce you to the field of econometrics which plays a central role in finance research. 

The following are the main topics covered in this module:
  • Research methods and methodology in finance.
  • Exploring and interpreting data.
  • Modelling variation: probabilities, random variables, distributions. 
  • Samples and populations. 
  • Testing hypotheses. 
  • Regression analysis.
  • Time series analysis. 
It will enable you to:
  • demonstrate an understanding of the philosophy and traditions of research in finance 
  • know how to use the finance academic literature, appreciate how academic research is conducted and produced in finance, and understand some of the principles of academic communication 
  • design a quantitative research methodology to explore a finance research problem
  • identify relevant theories in the finance literature and to test hypotheses 
  • conduct time series and cross-sections regression analyses. 

Teaching and assessment

Support from your tutor

Your tutor will help you with the study material, mark and comment on your assignments and provide advice and guidance. You will contact your tutor by email, phone or via your tutor group forum on the B860 website.  
 
Contact us if you want to know more about study with The Open University before you register.
 

Assessment

The assessment details for this module can be found in the facts box above.

You must use the online eTMA system to submit your tutor-marked assignments (TMAs).

 

Course work includes

2 Tutor-marked assignments (TMAs)
Examination
No residential school

Future availability

Research methods for finance starts once a year – in November. This page describes the module that will start in November 2018. We expect it to start for the last time in November 2022.

Regulations

As a student of The Open University, you should be aware of the content of the academic regulations which are available on our Essential Documents website.

    Entry requirements

    All entrants to this MSc Finance must hold a BA/BSc degree awarded by a recognised university, or equivalent. 

    Various higher education and professional qualifications are considered equivalent to a degree. If you hold a qualification that you believe is an equivalent level to a UK degree you should contact us. The Open University Business School Masters Programme Committee is responsible for judging whether applicants’ qualifications meet the requirements for admission.

    You will also need an appropriate facility in English language, sufficient to be able to work effectively at postgraduate level; generally this means capability equivalent to an International English Language Test System (IELTS) score of 6.5.  To assess your English language skills in relation to your proposed studies you can visit the IELTS website. If you think either of these possibilities may apply to you, please speak to an adviser.

    It is strongly recommended that you are comfortable with the use of numerical methods and use of spreadsheets.  If you are unsure about these skills we suggest you familiarise yourself with illustrative numerical skills and methods prior to study. To help you decide whether you are ready, you may want to try this diagnostic quiz.

    If you have any doubt about the suitability of the module, please contact our contact us.

    Register

    Start End England fee Register
    03 Nov 2018 Apr 2019 £1530.00

    Registration closes 18/10/18 (places subject to availability)

    Register
    This module is expected to start for the last time in November 2022.

    Future availability

    Research methods for finance starts once a year – in November. This page describes the module that will start in November 2018. We expect it to start for the last time in November 2022.

    Additional costs

    Study costs

    There may be extra costs on top of the tuition fee, such as a laptop, travel to tutorials, set books and internet access.

    Ways to pay

    We know there’s a lot to think about when choosing to study, not least how much it’s going to cost and how you can pay.

    That’s why we keep our fees as low as possible and offer a range of flexible payment and funding options. To find out more see Fees and funding.

    Study materials

    What's included

    An extensive variety of specially written resources presented in different media and designed exclusively for this module. Audio-visual material, published articles, case studies and access to The Open University library. 

    Computing requirements

    A computing device with a browser and broadband internet access is required for this module.  Any modern browser will be suitable for most computer activities. Functionality may be limited on mobile devices.

    Any additional software will be provided, or is generally freely available. However, some activities may have more specific requirements. For this reason, you will need to be able to install and run additional software on a device that meets the requirements below.

    A desktop or laptop computer with either:

    • Windows 7 or higher
    • macOS 10.7 or higher

    The screen of the device must have a resolution of at least 1024 pixels horizontally and 768 pixels vertically.

    To participate in our online-discussion area you will need both a microphone and speakers/headphones. 

    Our Skills for OU study website has further information including computing skills for study, computer security, acquiring a computer and Microsoft software offers for students. 

    If you have a disability

    This module is delivered online and time spent using a computer and the internet will therefore be extensive. Written transcripts of any audio components are available, as are printable versions of the online text-based material. Some online material may not be available or fully accessible using a screen reader (and mathematical and scientific materials may be particularly difficult to read in this way). Alternative formats of the study materials may be available in the future. Our Services for disabled students website has the latest information about availability.

    If you have particular study requirements please tell us as soon as possible, as some of our support services may take several weeks to arrange. Find out more about our services for disabled students.