MSc International Money & Banking
The MSc in International Money & Banking is a one-year, full-time Masters degree that provides students with excellent training for careers in banks, financial institutions, insurance companies, Central Banks and Ministries of Finance/Economics as analysts and/or advisers, as well as in the relevant departments of higher education.
The degree focuses on the use of advanced economics, quantitative methods, finance and banking (financial intermediation) theory in the understanding of the functions and problems of the international money markets and financial institutions.
Its purpose is to equip students with a range of methodological and problem solving skills and specialised knowledge relevant for international money and banking.
The degree will provide insights into the causes and effects of the ongoing Financial Crisis. Underlying causes of the crisis such as moral hazard and agency issues will be addressed in the “Economic Theory & Applications” and “Incentives & Performance” units; the transmission of the crisis through financial markets and into the “real” economy will be addressed in the “Economics of Financial Institutions” and the “Economics of Bond Markets” units, while the policy response will be analysed in the “International Monetary Policy & Institutions” units.
The MSc in International Money & Banking has a strong analytical specialist core including new units in the Economics of Financial Markets and Financial Economics, supported by new optional units, in the Economics of the Bond Market and International Monetary Policy & Institutions. This specialist knowledge is further supported by the study of econometrics and appropriate topics from economic theory that provide general analytical theoretical insights which are then used in the more specialist units. The structure is academically robust, with emphasis on enhancing the students’ problem solving ability and understanding.
The programme compliments the existing range of established postgraduate programmes currently offered by the University, including the MSc Economics, MRes Economics and the MSc Economic & Finance programmes.
- Economic Theory & Applications 1
- Econometrics for Economics & Finance
- Financial Economics
- International Monetary Economics
- Economics of Financial Institutions
- Financial Econometrics
- Development Economics
- Economics of Bond Markets
- Economic Theory & Applications 2
- Growth Theory
- International Monetary Policy & Institutions
- Incentives & Performance
The final third of the programme comprises a dissertation.
Pre-sessional Maths for Mastersprogrammes is covered in the first three days of the induction week. This session is compulsory and covers the areas of mathematics which are of particular relevance to the masters. This includes matrix algebra, calculus, statistics and basic regression anlaysis.
- First or 2:1 Honours degree (or equivalent) in economics or an appropriate subject, from a recognised university
English Language requirements
Certificates must be dated to within two years of the start of the programme of study.
- IELTS 6.5 (with not less than 6.0 in each of the four components)
- TOEFL 580 (paper-based test) or 237 (computer-based test) with a score of not less than 4 in TWE or 92 (internet-based test) with not less than 24 in each of the components.
If you wish to improve your English proficiency before commencing your studies, pre-sessional language training can be arranged through the English Language Centre.
- Two references are required. At least one of these must be an academic reference.
Read details for how to apply to study.
- Application Fee of £25 payable during the on-line application process.
- Deposit of £100 payable upon receipt of an offer of a place to study.
- Tuition Fees
Potential sources of funding
We suggest you apply before the following dates if you wish to study this programme:
- 30 June 2013 for International Students (who need to apply for a UK Visa).
- 31 August 2013 for Home/EU students.
- Funding deadlines for Studentships and Scholarships
Admissions Officer: Ms Anny Colgan / Miss Sophie Martin
Tel: +44 (0)1225 38 3144
Economics has four research clusters
- Incentives & Governance – This represents the largest research cluster within the department encompassing Economic Theory; Institutional Economics; Labour Economics; Public Economics; Sports Economics and Development Economics. The broad range of interests in this cluster lends itself to overlapping research that aids the research ethic within the department.
- Environmental Economics – The department has an internationally renowned team of environmental economists who publish regularly and have attracted a number of research grants from the European Commission. Professor Anil Markandya was a lead author for the UN’s Intergovernmental Panel on Climate Change, which was awarded the Nobel Peace Prize in 2007.
- Money and Macro-finance – Research focuses on time series analysis of macroeconomic variables and the construction of small scale macroeconomic models. The cluster has produced high quality peer reviewed articles in macroeconomic-behavioural models, the relationship between stock market prices and exchange rates, and inflation rate targeting. Other areas of interest:- Credit default swaps, yield curves.
- Development Economics - Development economics is the field of economics dedicated to understanding long-term structural change of economies and their effect on human wellbeing. It is concerned particularly with the persistence of global poverty and inequality, and what can be done to reduce it, both within countries and through changes to the global economic system. Also concerned with aid effectiveness and corruption.
About the Department
Economics at Bath
The Department of Economics has a strong international research reputation in mainstream economics. The department has attracted substantial funding for its work on, for example, Environmental Economics. Other quality indicators include: