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Finance and Economic Development

Finance & Economic Devlopment is designed for economics graduates who would like to develop an understanding of the nature of the differing institutional settings of financial systems and their effects on economic growth in developed and developing countries. This programme will help equip you for a career as an economist in public and private institutions concerned with economic development and finance capacity.

**Academic contact: business-economics@glasgow.ac.uk
Admissions enquiries: www.gla.ac.uk/enquirenow
September start
MSc: 12 months full-time**

**WHY THIS PROGRAMME**

Finance & Economic Development will provide you with a good understanding of:
- the role of money and financial intermediation in economic growth

- the rationale for financial repression and financial liberalisation

- structures and social functions of monetary and financial systems in both developing and developed countries

- operation of economic stabilisation and financial regulation

- the role of appropriate institutions for financial development and international financial integration

- financial and economic crisis and ways of promoting recovery and of preventing similar events in the future

- tools which are used to evaluate the problem of moral hazard in relation to international rescue operations

- how analytical frameworks can be used to evaluate strategies of growth and development

This programme provides you with the empirical tools, data and software training that will enable you to do research in finance and economic development and help prepare you for your dissertation.

You will be taught by experts in the field, many of whom have worked with international and government organisations including the IMF, World Bank, UN, Asian Development Bank, Commonwealth Secretariat, central banks and government organisations in developing countries.

You will have access to all conferences and seminars hosted by the Glasgow Centre for International Development. This means you will be exposed to interdisciplinary research and approaches to development in the fields of medicine, veterinary medicine, environmental management, sustainability or education.

The Adam Smith Business School celebrates the legacy of Adam Smith by developing enlightened, enterprising and engaged graduates and internationally-recognised research with real social impact.

**Adam Smith Business School is triple accredited**
**www.gla.ac.uk/schools/business/aboutus/accreditationsandrankings/**

**PROGRAMME STRUCTURE**

You will take three core and three optional courses and complete a substantial independent piece of work, normally in the form of a dissertation.

**Core courses**
- Financial institutions and markets in developing countries

- Growth and development

- Money, finance and growth.

**Optional courses may include**
- Aid and development

- Basic econometrics

- Behavioural economics: theory and applications

- Development policy

- Economics of inequality and deprivation

- Environmental economics

- Foreign direct investment and development

- IMF, World Bank and economic growth

- International finance and money

- International macroeconomics and policy

- International trade

- Introduction to normative economics

- Project planning, appraisal and implementation

- The EU in international politics and development (Politics)

- The law and economics of sovereign debt regulation.

**Programme alteration or discontinuation**
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Student contract.
www.gla.ac.uk/myglasgow/senateoffice/studentcontract/

**CAREER PROSPECTS**
This programme will prepare you for careers in economic development as a government official, in international agencies or in other organisations concerned with economic development.

Entry requirements

MSc: 2.1 Honours degree or non-UK equivalent in economics or finance, or a related disciple, with at least three courses in economics, finance and/or development.

International students with academic qualifications below those required should contact our partner institution, Glasgow International College, who offer a range of pre-Masters courses.

English language requirements
For applicants whose first language is not English, the University sets a minimum English Language proficiency level.

International English Language Testing System (IELTS) Academic module (not General Training):

overall score 6.5
two sub-tests no less than 6.5, no sub-test less than 6.0
or equivalent scores in another recognised qualification:
Common equivalent English language qualifications

All stated English tests are acceptable for admission for both home/EU and international students for this programme:

ibTOEFL: 90; no sub-test less than:
Reading: 20
Listening: 19
Speaking: 19
Writing: 23
CAE (Cambridge Certificate of Advanced English): 176 overall; no sub-test less than 169
CPE (Cambridge Certificate of Proficiency in English): 176 overall; no sub-test less than 169
PTE Academic (Pearson Test of English, Academic test): 60; no sub-test less than 59
Trinity College London Integrated Skills in English: ISEII at Distinction with Distinction in all sub-tests
For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept an IELTS test (Academic module) from any of the 1000 IELTS test centres from around the world and we do not require a specific UKVI IELTS test for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.

Pre-sessional courses

The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:

School of Modern Languages and Cultures: English for Academic Study
BALEAP guide to accredited courses

Course modules

You will take three core and three optional courses and complete a substantial independent piece of work, normally in the form of a dissertation.

Core courses

Growth and development
Money, finance and growth
Financial institutions and markets in developing countries.
Optional courses may include

Aid and development
Basic econometrics
Behavioural economics: theory and applications
Development policy
Economics of inequality and deprivation
Environmental economics
Foreign direct investment and development
IMF, World Bank and economic growth
International finance and money
International macroeconomics and policy
International trade
Introduction to normative economics
Project planning, appraisal and implementation
The EU in international politics and development (Politics)
The law and economics of sovereign debt regulation.
Programme alteration or discontinuation
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Legal statements: Disclaimer.

Assessment methods

Dissertation

Sponsorship information

Qualifications

Qualification Study mode Start month Fee Fee locale Course duration
MSc Full-time September 2019 8,000 (Year 1) Northern Ireland 12 Months
MSc Full-time September 2019 8,000 (Year 1) England 12 Months
MSc Full-time September 2019 17,900 (Year 1) International 12 Months
MSc Full-time September 2019 8,000 (Year 1) EU 12 Months
MSc Full-time September 2019 8,000 (Year 1) Scotland 12 Months
MSc Full-time September 2019 8,000 (Year 1) Wales 12 Months

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