Examinations: MSc Finance and Economics students have two exams in Week 0 of Winter Term. The summer exam period takes place from late April until early June. The exam timetable changes each year, and is published by the School towards the end of Winter Term.
Summative work: Some Finance courses contain a coursework element which contributes to the final course grade. At LSE this type of coursework is called 'summative assessment'. Different courses set different types of summative work. These can include weekly submission of problem sets, homework assignments, class participation, and in-class assessments.
Formative work: At LSE, any work which is set but does not contribute towards the final course mark is known as formative work. The purpose of formative work is to inform students of their progress on the course and whether they are understanding the concepts taught in lectures. Some formative work is informal, via the setting of problems sets that the lecturer will work through in the next lecture, however most courses will also ask for a piece of work to be submitted and then graded.