International Money and 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.

Programme structure

Semester 1

Core units

• Econometrics for economics & finance
• Economic theory & applications 1
• International monetary economics
• Financial economics
• Research methods in economics & finance (if not taken in Semester 2)

Optional units

• Economics of bond markets
• Financial risk management
• (Select one unit)

Semester 2

Core units

• Financial econometrics
• Economics of financial institutions
• Research methods in economics & finance (if not taken in Semester 1)

Optional units

• Growth theory
• Development economics
• Economic theory & applications 2
• Incentives & performance
• International monetary policy & institutions
• Forecasting economic and financial variables
• Advanced Economy Theory
• (Select three units)

Final semester

Dissertation in international money & banking

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.

Lecturers

Dr Kerry L. Papps

Senior Lecturer in Economics BSc (Hons), MCA, MA, PhD, FHEA

3 East 4.33
Email: k.l.papps@bath.ac.uk
Tel: +44 (0) 1225 38 4338

Academic requirementsFirst or 2:1 Honours degree (or equivalent) in economics or an appropriate subject, from a recognised universityEnglish Language requirementsCertificates must be dated to within two years of the start of the programme of study.IELTS 6.5 (with no less than 6.0 in each of the four components)PTE Academic of 62 with no less than 59 in any componentIf you wish to improve your English proficiency before commencing your studies, pre-sessional language training can be arranged through the Academic Skills Centre.ReferencesTwo references are required. At least one of these must be an academic reference. English Language Requirements IELTS band: 6.5 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

Taught postgraduate funding

Scholarships & studentships

• Scholarships contribute towards the Tuition Fees.
• Studentships cover the cost of Tuition Fees and they can also include a Stipend (living expenses).

http://www.bath.ac.uk/hss/graduate-school/taught-programmes/funding/