Money, Banking and Finance MSc

Each compulsory module typically comprises:

• 20 lecture contact hours
• 5 or 10 contact hours for seminars, workshops and tutorials
• intensive independent study
• 50% continuous assessment
• 50% assessment by written-end-of-semester examination.

You must take three compulsory modules in the first semester. These are:

• Financial Econometrics: the theory and practice of financial econometrics
• International Finance: key issues in international macroeconomics and finance including analysing models of exchange rate determination
• Money and Banking: the economics of money, banking and financial markets.

In the second semester, students take two compulsory modules and are able to choose one optional module from a selection of topics. The compulsory modules are:

• Financial Intermediation: the main theoretical issues involved in banking
• Monetary Policy: key issues of monetary policy.

In your second semester, you will have the opportunity to choose one module from a selection of topics. The assessment patterns for individual optional modules may vary from the details given above.

Examples of optional modules include:

• Behavioural Finance: examines the effects of behavioural biases in financial markets
• Experimental Economics and Finance: exposes students to the methodology of experimental economics
• International Trade and Migration: examines the causes and consequences of international trade and migration, combining theory with empirical applications
• Portfolio Theory and Management: develops students' knowledge and understanding of key issues in asset allocation and portfolio composition and management at an advanced level

The final element of the MSc is a 15,000-word dissertation. The dissertation should be in an area of money, banking and finance that you are interested in, chosen in discussion with your supervisor who will support you through the process.

You will receive training in Semester 1 in framing a hypothesis, conducting bibliographic research, writing a literature survey, and structuring a dissertation.