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Minor in
Finance

The Minor in Finance explores financial and managerial accounting and corporate finance and expands into the fields of finance and economics.

Please note, this minor is not available for students majoring in Accounting and Finance.

Programme Structure

An undergraduate may complete the requirements of one major and one minor and receive one US degree. A minor is an optional subject of specialisation within the undergraduate degree, which must be outside of the undergraduate major course of study and consist of at least 18 US /72 UK credits. A minor may not be completed independent of an undergraduate degree.

Undergraduates who add a minor to their major degree programme will normally need to complete more than the minimum 120 US/480 UK credits required for graduation. The normal course load for a full-time undergraduate student is 15-16 US/60-64 UK credits a semester. The minimum full-time undergraduate course load is 9 US/36 UK credits a semester.

(Not open to students majoring in Economics and Finance, Finance and Investment, Accounting and Finance)

Minor in Finance Programme Specification

US Credits

UK Credits

From this list you must take one Level 4 course and two courses from Level 5/6
  • ECON 4101 Introduction to Economics and Finance

    This module provides students with an introduction to various economic and financial concepts, demonstrating how these can be applied to better comprehend the world around them. It enhances students’ understanding of the external factors that influence businesses, as well as financial aspects that are significant within a business context. It starts with an understanding of economic thought and development, and it expands on modern economic and financial issues the firms face. It is a solid foundation course for the basic ideas and applications of economics and finance.

4 16
  • FINC 5101 Investments and Capital Markets

    Focusing on financial investment, the course familiarizes the student with a range of financial instruments and capital market operations, including new issues, trading, and the role of financial intermediaries in the investment market. Investment companie s are investigated. Fundamentals of portfolio theor y are examined and applied to investment appraisal and management. Valuation of a range of securities —including fixed-income and equity —is discussed on the basis of capital market theory. The course introduces financial derivatives, including options, futures, forward rate agreements, and interest rate swaps, relating their use to fixed-income investment, portfolio analysis, and interest rate risk management.

4 16
  • FINC 5102 Regulation for Sustainable Finance

    This course is designed to examine both the theory and practice of financial regulation, as well as the nature and role of compliance. Finance plays a decisive role in meeting international agreements on combating climate change with a particular emphasis on decarbonization and preservation of nature. Through adequate governance, social and environmental regulation, the financial sector is a key contributor to corporate sustainability. The pivotal role of the financial sector towards achieving economic stability and fostering a successful and thriving corporate sector makes it the object of increasing regulation. This course embeds UN SDGs 13, 1 and 17 – This course dwells on the impact that sustainable finance will have on the decarbonization and climate change targets (SDG 13), access to financial resources (SDG 1) and partnership for goals (SDG 17).

4 16
  • FINC 6103 International Finance

    Taking a global perspective, the course focuses the basics of multinational financial management from an international finance perspective. An understanding of multinational finance begins with a mastery of the principles of exchange rates —how they are determined, how they affect the prices of goods and services, and their relationship to interest rates. The course also covers foreign exchange markets, multinational accounting, foreign exchange risk, strategies and tools for managing exchange rate exposure, import and export finance, and multinational financial management.

4 16
  • FINC 6101 Derivatives

    This course provides students with a foundation to derivative instruments and how they are utilized by corporations and individual speculators. The course covers areas which include the market structures of the futures and options markets, the valuation of futures and options contracts, as well as their use in global risk management strategies.

4 16
  • FINC 6102 Fintech

    This module explores the dynamic landscape of financial technology (Fintech), examining how technological innovations are transforming the financial services industry. Students will develop a critical understanding of key Fintech trends, their applications, and their impact on traditional financial institutions, markets, and consumers. The module will cover a range of topics, from mobile payments and blockchain technology to artificial intelligence and regulatory challenges. Through real-world case studies and interactive discussions, students will gain insights into the opportunities and challenges presented by this rapidly evolving field.

4 16
Minor Requirements 12 48

The University reserves the right to cancel or replace programmes and/or courses for which there is insufficient enrolment or concerns about academic standards, or for which the University cannot provide adequate teaching resources. Reasonable and appropriate effort is made to ensure that the content of courses corresponds with the descriptions in the University’s Programme and Course Listings.

For more detailed information on each of the course specifications, please visit our webpage here.

What is the Liberal Arts?

We understand that not everyone is familiar with the Liberal Arts education system. That is why we have produced a short guide explaining the structure at Richmond as well as the benefits.

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What our students say

“Small size classes allows me to participate and ask questions in classes. I find one to one interaction with professors an essential part of effective learning, and Richmond provides this to all students.

Some classes can be challenging, but I learn the most from these classes and actually enjoy them. I have to admit I like being challenged, and Richmond sure does challenge me in many ways!”

– Cenk Buyuksolak, Financial Economics BA