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Economics, Banking and Finance MSc

This programme focuses on the economic analysis of financial and banking issues. It is aimed at policymakers, postgraduate students who are interested in financial markets, or those who work in financial institutions and government organisations.

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

**WHY THIS PROGRAMME**

Economics, Banking & Finance will provide you with an excellent understanding of
- core issues in open economy macroeconomics, including current account imbalances, exchange rate determination, and monetary policy

- the empirical performance of economic models of exchange rates, including modern models based on Taylor rules

- key challenges that face policymakers in the global economy

- how financial markets and intermediaries influence economic growth and development

- how financial resources can enhance economic welfare

- how the three main elements of the financial systems operate: banks, bond market, and stock market.

You will be taught by specialists in the field who work regularly with global central banks and policymaking institutions around the world.

You will have access to exclusive computer labs which feature specialist financial and statistical software programmes, including Bloomberg terminals, prestigious financial databases, Matlab, EViews, Stata and Oxmetrics Enterprise.

You will develop the essential concepts, analytical skills and critical thinking you require to start or enhance your career in economic policy, and the banking and financial sector worldwide.

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

**PROGRAMME STRUCTURE**

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

**Core courses**
- International macroeconomics and policy

- Modern theory of banking and finance

- Monetary policy and the role of central banks

- Money, finance and growth.

**Optional courses may include**
- Basic econometrics

- Behavioural economics: theory and applications

- Financial institutions and markets in developing countries

- Financial services

- Foreign direct investment and development

- IMF, World Bank and economic growth

- Intermediate econometrics for applications in financial and development studies

- International finance and money

- International trade

- Modelling and forecasting financial markets

- Project planning appraisal and implementation.

- The law and economics of sovereign debt regulation.

Optional courses are also offered by Economic & Social History, to give you a wider perspective of how the economy operates.

**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 is beneficial if you wish to enter or are already in a profession which requires you to provide economic analysis of financial and banking issues. Recent graduates have been appointed as auditors, economists and strategy & policy analysts for example, in companies such as EY, HSBC and Accenture. We have a dedicated careers and employability team who provide 1-2-1 support and advice, group workshops, employer events on campus and networking opportunities throughout the year to help you with your career prospects.

Entry requirements

MSc: 2.1 Honours degree or non-UK equivalent in economics or in a related subject such as finance, accounting or management, with at least three courses in economics and/or finance.

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 four core and two optional courses and write a dissertation, which is a substantial independent piece of work.

Core courses

International macroeconomics and policy
Money, finance and growth
Modern theory of banking and finance
Monetary policy and the role of central banks.
Optional courses may include

Basic econometrics
Behavioural economics: theory and applications
Financial institutions and markets in developing countries
Financial services
Foreign direct investment and development
IMF, World Bank and economic growth
Intermediate econometrics for applications in financial and development studies
International finance and money
International trade
Modelling and forecasting financial markets
Project planning appraisal and implementation.
The law and economics of sovereign debt regulation.
Optional courses are also offered by Economic & Social History, to give you a wider perspective of how the economy operates.

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.

Sponsorship information

Qualifications

Qualification Study mode Start month Fee Fee locale Course duration
MSc Full-time September 2019 10,650 (Whole course) England 12 Months
MSc Full-time September 2019 10,650 (Whole course) EU 12 Months
MSc Full-time September 2019 10,650 (Whole course) Wales 12 Months
MSc Full-time September 2019 10,650 (Whole course) Northern Ireland 12 Months
MSc Full-time September 2019 20,150 (Whole course) International 12 Months
MSc Full-time September 2019 10,650 (Whole course) Scotland 12 Months

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