MSc in Finance and Economics

Semester 1 (Winter 2023-2024)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
1.F1.Financial Markets and Institutions - The Luxembourg Financial Centre
[MScFE-25]
Module 1.F.Fundamentals of Financial Markets, Investments and Microeconomic theory30 3
1.F2.Financial Accounting & Reporting
[MScFE-26]
Module 1.F.Fundamentals of Financial Markets, Investments and Microeconomic theory30 3
1.F3.Fixed Income Analysis
[MScFE-27]
Module 1.F.Fundamentals of Financial Markets, Investments and Microeconomic theory35 4
1.F4.Modern Portfolio Theory
[MScFE-28]
Module 1.F.Fundamentals of Financial Markets, Investments and Microeconomic theory40 5
1.F5.Microeconomics, Risk and Information
[MScFE-29]
Module 1.F.Fundamentals of Financial Markets, Investments and Microeconomic theory30 20 5
1.D1.Mathematics
[MScFE-35]
Module 1.D.Mathematics and Data Analysis I30 3
1.D2.Statistics
[MScFE-36]
Module 1.D.Mathematics and Data Analysis I20 10 2
1.D3.Econometrics I ( R )
[MScFE-37]
  (optional)
Module 1.D.Mathematics and Data Analysis I20 25 5
1.D4.Econometrics I ( STATA )
[MScFE-38]
  (optional)
Module 1.D.Mathematics and Data Analysis I30 15 5
1.O1.VBA
[MScFE-34]
  (optional)
Module 1.O.Programming (extra curriculum)20 2

Semester 2 (Summer 2022-2023)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
2.F1.Asset Pricing Theory
[MScFE-40]
Module 2.F: Asset Pricing and Macroeconomic Theory55 5
2.F2.Macroeconomics and International Finance
[MScFE-41]
Module 2.F: Asset Pricing and Macroeconomic Theory40 5
2.D1.Econometrics II (R)
[MScFE-42]
  (optional)
Module 2.D: Data Analysis II40 5
2.D2.Econometrics II (STATA)
[MScFE-43]
  (optional)
Module 2.D: Data Analysis II40 14 5
2.E1.Financial Analysis and Valuation
[MScFE-44]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I40 5
2.E2.Corporate Finance
[MScFE-45]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I50 5
2.E3.Derivatives
[MScFE-46]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I50 5
2.E4.Financial Stability : Theory & Practice
[MScFE-47]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I40 5
2.E5.Economie monétaire internationale (Fr)
[MScFE-48]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I30 5
2.E6.Monetary Policy
[MScFE-49]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I30 5
2.E7.Contemporary Issues in Public Finance
[MScFE-50]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I30 15 5
2.E8.Microeconomics of Banking
[MScFE-51]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I30 15 5
2.E9.Public Policy Analysis
[MScFE-55]
  (optional)
Module 2.E: Special Topics in Finance and Economics - Electives I30 5
2.O1.Bloomberg
[MScFE-52]
  (optional)
Module 2.O: Data Platforms (extra curriculum)10 1

Semester 3 (Winter 2023-2024)

Financial Economics (2023-2024)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
3.FET1.Econometrics (III) (STATA)
[MScFE_FE-1]
Module 3.FET: Specialisation Financial Economics Track30 15 5
3.FET2.Programming R and applications
[MScFE_FE-2]
Module 3.FET: Specialisation Financial Economics Track40 5
3.FET3.Microeconomics of Banking
[MScFE-22]
Module 3.FET: Specialisation Financial Economics Track45 15 5
3.FET4.Survey data in the fields of Economics and Finance
[MScFE_FE-4]
Module 3.FET: Specialisation Financial Economics Track30 10 5
3.FET5.Impact Evaluator
[MScFE_FE-5]
Module 3.FET: Specialisation Financial Economics Track30 5
3.E1.Behavioral Finance
[MScFE_BK-6]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E2.Household Finance
[MScFE_BK-7]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E3.Financial Engineering
[MScFE_BK-8]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II50 5
3.E4.Professional seminars
[MScFE_BK-9]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E5 Financial Econometrics
[MScFE_BK-22]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II20 5
Internship presentation
[MScFE_BK-27]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II2 0

Investment Management (Winter 2023-2024)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
3.IMT2.Portfolio Management
[MScFE_IM-2]
Module 3.IMT: Specialisation Investment Management Track50 5
3.IMT1.Fund Management and the Asset Management Industry
[MScFE_IM-1]
Module 3.IMT: Specialisation Investment Management Track48 5
3.IMT3.Investment Strategies
[MScFE_IM-3]
Module 3.IMT: Specialisation Investment Management Track40 5
3.IMT4.Alternative Investments
[MScFE_IM-4]
Module 3.IMT: Specialisation Investment Management Track50 5
3.IMT5.Time series analysis
[MScFE_IM-5]
Module 3.IMT: Specialisation Investment Management Track50 5
3.E1.Behavioral Finance
[MScFE_BK-6]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E2.Household Finance
[MScFE_BK-7]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E3.Financial Engineering
[MScFE_BK-8]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II50 5
3.E4.Professional seminars
[MScFE_BK-9]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E5 Financial Econometrics
[MScFE_BK-22]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II20 5

Banking (Winter 2023-2024)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
3.BT1.Financial Intermediation
[MScFE_BK-1]
Module 3.BT: Specialisation Banking Track60 5
3.BT2.Banking Operations and Strategy
[MScFE_BK-2]
Module 3.BT: Specialisation Banking Track50 5
3.BT3.Investment Funds
[MScFE_BK-3]
Module 3.BT: Specialisation Banking Track55 5
3.BT4.Insurance Techniques and Management
[MScFE_BK-4]
Module 3.BT: Specialisation Banking Track50 5
3.BT5.Empirical Methods in Banking
[MScFE_BK-5]
Module 3.BT: Specialisation Banking Track50 5
3.E1.Behavioral Finance
[MScFE_BK-6]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E2.Household Finance
[MScFE_BK-7]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E3.Financial Engineering
[MScFE_BK-8]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II50 5
3.E4.Professional seminars
[MScFE_BK-9]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E5 Financial Econometrics
[MScFE_BK-22]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II20 5

Digital Transformation in Finance (Winter 2023-2024)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
3.DTF1 Advanced Data Analytics & Technolgy
[MSFE_2_DIGTRANS-1]
Module 3.DTF: Specialisation - Digital Transformation in Finance Track50 6
3.DTF2 Digital Assets, Crypto-Space and Novel Markets
[MSFE_2_DIGTRANS-2]
Module 3.DTF: Specialisation - Digital Transformation in Finance Track40 3
3.DTF3 Institutions and Fintechs, Systemic and Infrastructural Implications
[MSFE_2_DIGTRANS-3]
Module 3.DTF: Specialisation - Digital Transformation in Finance Track38 4
3.DTF4 The future operating models in banking
[MSFE_2_DIGTRANS-5]
Module 3.DTF: Specialisation - Digital Transformation in Finance Track29 3
3.DTF5 Corporate Risk Assessment & Digital Transformation
[MSFE_2_DIGTRANS-7]
Module 3.DTF: Specialisation - Digital Transformation in Finance Track24 2
3.DTF6 FinTech and Digital Finance Law and Regulation
[MSFE_2_DIGTRANS-4]
Module 3.DTF: Specialisation - Digital Transformation in Finance Track40 4
3.DTF7 Cases on Service Design and Systemic Change in Finance
[MSFE_2_DIGTRANS-6]
Module 3.DTF: Specialisation - Digital Transformation in Finance Track40 3
3.E1.Behavioral Finance
[MScFE_BK-6]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II30 5
3.E2.Household Finance
[MScFE_BK-7]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II30 5
3.E3.Financial Engineering
[MScFE_BK-8]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II50 5
3.E4.Professional seminars
[MScFE_BK-9]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II30 5
3.E5 Financial Econometrics
[MScFE_BK-22]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II20 5
Internship presentation
[MScFE_BK-27]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II2 0

Sustainable Finance (Winter 2023-2024)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
3.SFT1. Principles of Sustainable Finance
[MSFE_2_SUSTFIN-1]
Module 3.SFT: Specialisation -Sustainable Finance Track50 5
3.SFT2.Frameworks and tools
[MSFE_2_SUSTFIN-2]
Module 3.SFT: Specialisation -Sustainable Finance Track70 5
3.SFT3.Investment Strategy, Implementation and Risk Management
[MSFE_2_SUSTFIN-3]
Module 3.SFT: Specialisation -Sustainable Finance Track54 7
3.SFT4.Sustainable Corporate Strategy, Creating out-Performance
[MSFE_2_SUSTFIN-4]
Module 3.SFT: Specialisation -Sustainable Finance Track40 6
3.SFT5.Economics of natural hazard
[MSFE_2_SUSTFIN-5]
Module 3.SFT: Specialisation -Sustainable Finance Track20 2
3.E1.Behavioral Finance
[MScFE_BK-6]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II30 5
3.E2.Household Finance
[MScFE_BK-7]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II30 5
3.E3.Financial Engineering
[MScFE_BK-8]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II50 5
3.E4.Professional seminars
[MScFE_BK-9]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II30 5
3.E5 Financial Econometrics
[MScFE_BK-22]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II20 5
Internship presentation
[MScFE_BK-27]
  (optional)
Module 3.E: Special Topics in Finance & Economics - Electives II2 0

Risk Management (Winter 2023-2024)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
3.RMT1.Analysis and Management of Risks
[MScFE_RM-1]
Module 3.RMT: Specialisation Risk Management Track86 10
3.RMT2.Banking Activity and Risks
[MScFE_RM-2]
Module 3.RMT: Specialisation Risk Management Track50 5
3.RMT3.Investment Funds and Risks
[MScFE_RM-3]
Module 3.RMT: Specialisation Risk Management Track46 5
3.RMT4.Risk Management in Insurance
[MScFE_RM-4]
Module 3.RMT: Specialisation Risk Management Track35 5
3.E1.Behavioral Finance
[MScFE_BK-6]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E2.Household Finance
[MScFE_BK-7]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E3.Financial Engineering
[MScFE_BK-8]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II50 5
3.E4.Professional seminars
[MScFE_BK-9]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II30 5
3.E5 Financial Econometrics
[MScFE_BK-22]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II20 5
Internship presentation
[MScFE_BK-27]
  (optional)
Module 3.E: Special Topics in Finance and Economics - Electives II2 0

Semester 4 (Summer 2022-2023)

Financial Economics (2022-2023)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
4.E1.Design Execution and Evaluation of Financial Research
[MScFE_BK-12]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.E2 Testing of Economic Model - Sports Data
[MScFE_BK-15]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E4. Incubator Course: Cases of Modern Finance
[MScFE_BK-26]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E5 Topics in Well-being Research
[MScFE_BK-28]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E3 Statistics in risk management using R
[MScFE_BK-16]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.Applied Master Thesis (including Internship)
[MScFE_BK-19]
  (optional)
Module 4.FET.Master Thesis 20
4.Academic Master Thesis
[MScFE_BK-20]
  (optional)
Module 4.FET.Master Thesis 20

Investment Management (Summer 2022-2023)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
4.E1.Design Execution and Evaluation of Financial Research
[MScFE_BK-12]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.E2 Testing of Economic Model - Sports Data
[MScFE_BK-15]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E4. Incubator Course: Cases of Modern Finance
[MScFE_BK-26]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E5 Topics in Well-being Research
[MScFE_BK-28]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E3 Statistics in risk management using R
[MScFE_BK-16]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.Applied Master Thesis (including Internship)
[MScFE_BK-19]
  (optional)
Module 4.IMT.Master Thesis 20
4.Academic Master Thesis
[MScFE_BK-20]
  (optional)
Module 4.IMT.Master Thesis 20

Banking (Summer 2022-2023)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
4.E1.Design Execution and Evaluation of Financial Research
[MScFE_BK-12]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.E2 Testing of Economic Model - Sports Data
[MScFE_BK-15]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E4. Incubator Course: Cases of Modern Finance
[MScFE_BK-26]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E5 Topics in Well-being Research
[MScFE_BK-28]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E3 Statistics in risk management using R
[MScFE_BK-16]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.Applied Master Thesis (including Internship)
[MScFE_BK-19]
  (optional)
Module 4.BT.Master Thesis 20
4.Academic Master Thesis
[MScFE_BK-20]
  (optional)
Module 4.BT.Master Thesis 20

Digital Transformation in Finance (Summer 2022-2023)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
4.E1.Design Execution and Evaluation of Financial Research
[MScFE_BK-12]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.E2 Testing of Economic Model - Sports Data
[MScFE_BK-15]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E4. Incubator Course: Cases of Modern Finance
[MScFE_BK-26]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E5 Topics in Well-being Research
[MScFE_BK-28]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E3 Statistics in risk management using R
[MScFE_BK-16]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.Applied Master Thesis (including Internship)
[MScFE_BK-19]
  (optional)
Module 4.DTF.MTI Applied Master thesis & Internship 20
4.Academic Master Thesis
[MScFE_BK-20]
  (optional)
Module 4.DTF.MTI Applied Master thesis & Internship 20

Sustainable Finance (Summer 2022-2023)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
4.E1.Design Execution and Evaluation of Financial Research
[MScFE_BK-12]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.E2 Testing of Economic Model - Sports Data
[MScFE_BK-15]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E4. Incubator Course: Cases of Modern Finance
[MScFE_BK-26]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E5 Topics in Well-being Research
[MScFE_BK-28]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E3 Statistics in risk management using R
[MScFE_BK-16]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.Applied Master Thesis (including Internship)
[MScFE_BK-19]
  (optional)
Module 4.SFT.Master Thesis 20
4.Academic Master Thesis
[MScFE_BK-20]
  (optional)
Module 4.SFT.Master Thesis 20

Risk Management (Summer 2022-2023)

Lecture (hours)Exercise (hours)ECTS
TOTAL (mandatory / optional) 0 / 0 0 / 0 0 / 0
4.E1.Design Execution and Evaluation of Financial Research
[MScFE_BK-12]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.E2 Testing of Economic Model - Sports Data
[MScFE_BK-15]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E4. Incubator Course: Cases of Modern Finance
[MScFE_BK-26]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E5 Topics in Well-being Research
[MScFE_BK-28]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III30 5
4.E3 Statistics in risk management using R
[MScFE_BK-16]
  (optional)
Module 4.E Special Topics in Finance and Economics - Electives III20 5
4.Applied Master Thesis (including Internship)
[MScFE_BK-19]
  (optional)
Module 4.RMT.Master Thesis 20
4.Academic Master Thesis
[MScFE_BK-20]
  (optional)
Module 4.RMT.Master Thesis 20