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Examinations for the M.Phil. Degree (one-year course) in Finance, Economics with Finance, and Economics and Development

[An amendment to this notice is published in Reporter, 16 June 1999.]

On the recommendation of the Faculty Board of Economics and Politics and the Management Studies Syndicate, the General Board and the Board of Graduate Studies have approved the following changes in examinations for the M.Phil. Degree (one-year course); these changes will take effect from 1 October 1999. The existing course under the title Finance, administered by the Degree Committee for the Faculty of Economics and Politics, will be replaced by a new course, also entitled Finance, which will be administered by the Degree Committee for the Judge Institute of Management Studies; the existing regulations for the examination in this subject are accordingly replaced by new regulations. A new subject, entitled Economics with Finance, has been approved as a subject for the M.Phil. Degree, and regulations for an examination in this subject have been approved; the course leading to this examination will be administered by the Degree Committee for the Faculty of Economics and Politics. Finally, the examination in Economics and Development is retitled 'Economics with Development', to reflect the emphasis placed on the different elements of the course; the regulations for the examination in this subject are amended accordingly.

The following amendments of regulations have been approved, with effect from 1 October 1999:

I. The regulations for the examination in Finance (Statutes and Ordinances, p. 476) are replaced by the following regulations:

Finance

The scheme of examination for the one-year course of study in Finance for the degree of Master of Philosophy shall be as follows:

1. The Degree Committee for the Judge Institute of Management Studies shall publish, not later than the end of the Easter Term each year, a list of subjects in Finance for the academical year next following. The list shall be divided into two groups, Group 1 (compulsory subjects) and Group 2 (optional subjects). Group 1 shall include the following subjects and at least one other subject relating to Finance:

1. Econometrics 1.
2. Econometrics 2.
3. Principles of finance.

In publishing the list of subjects the Degree Committee shall announce the form of examination for each subject, which shall be either a written paper, or one or more essays or other written exercises, or a combination of these, and shall specify the duration of any written paper and the limit to be placed on the length of any essay or other exercise.

2. Each candidate shall offer:

(a) subjects 1-3 and one other subject from Group 1;
(b) four optional subjects chosen by the candidate with the approval of the Degree Committee from Group 2;

provided that the Degree Committee may permit a particular candidate to offer:

either (a) in place of the examination specified for one of the subjects in Group 2, a dissertation, of not more than 8,000 words in length, on a topic approved by the Degree Committee;
or (b) in place of the examinations specified for two of the subjects in Group 2, a dissertation, of not more than 16,000 words in length, on a topic approved by the Degree Committee.

3. At the discretion of the Examiners, the examination may include an oral examination on the work submitted by the candidate under Regulation 2 and on the general field of knowledge within which it falls.

II.  The following regulations are approved for the examination in Economics with Finance:

Economics with Finance

The scheme of examination for the one-year course of study in Economics with Finance for the degree of Master of Philosophy shall be as follows:

1. The Degree Committee for the Faculty of Economics and Politics shall publish, not later than the end of the Easter Term each year, a list of subjects in Economics with Finance for the academical year next following. The list shall be divided into two groups, Group 1 (compulsory subjects) and Group 2 (optional subjects). Group 1 shall comprise the following subjects:

1. Microeconomics.
2. Macroeconomics.
3. Econometrics.

In publishing the list of subjects the Degree Committee shall announce the form of examination for each subject, which shall be either a written paper, or one or more essays or other written exercises, or a combination of these, and shall specify the duration of any written paper and the limit to be placed on the length of any essay or other exercise; provided that the Degree Committee may permit a particular candidate to offer, in place of either the whole or part of the examination specified for one of the subjects in Group 1, an essay, of not more than 8,000 words in length, on a topic approved by the Degree Committee.

2. Each candidate shall offer:

(a) the three compulsory subjects in Group 1;
(b) two optional subjects chosen by the candidate with the approval of the Degree Committee from Group 2;
(c) a dissertation, of not more than 10,000 words in length, on a topic approved by the Degree Committee.

3. At the discretion of the Examiners, the examination may include an oral examination on the work submitted by the candidate under Regulation 2 and on the general field of knowledge within which it falls.

III. The regulations for the examination in Economics and Development (Statutes and Ordinances, p. 472) are amended by replacing the title 'Economics and Development' by the title 'Economics with Development'.

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Cambridge University Reporter, 3 June 1999
Copyright © 1999 The Chancellor, Masters and Scholars of the University of Cambridge.