Programme Specification for the 2020/1 academic year

MSc Money, Banking and Finance

1. Programme Details

Programme name	MSc Money, Banking and Finance	Programme code	PTS1SBESBE36
Study mode(s)	Full Time	Academic year	2020/1
Campus(es)	Streatham (Exeter)	NQF Level of the Final Award	7 (Masters)

2. Description of the Programme

If you wish to pursue a career in finance and economics in the international banking sector, our MSc in Money, Banking and Finance is an ideal programme. Delivered by the Department of Economics and the Xfi Centre for Finance and Investment, the programme draws upon the School’s long-standing reputation for delivering top quality graduates in finance and economics.

The programme provides a focus on the application of advanced economics and finance theory to commercial money markets and banking. It aims to equip you with a range of methodological skills and appropriate specialised knowledge relevant for money and banking. Non assessed intensive computing training covering Thomson Reuters Datastream and other financial databases and software, is incorporated into relevant modules.

Like all postgraduate economics programmes in the School, our MSc Money, Banking and Finance programme is accredited by the Economic and Social Research Council (ESRC). For UK and EU students, this means you can apply to the ESRC for funding assistance with both tuition fees and living expenses if you are intending to progress to a PhD.

3. Educational Aims of the Programme

1. To provide an education for students intended to give students competence in their chosen discipline and to encourage them to develop their intellectual capabilities within an institution that is committed to the advancement of research, scholarship and learning, and to the dissemination of knowledge
2. To equip students with a range of methodological skills and appropriate specialised knowledge relevant for money and banking.
3. To provide a rigorous training, in a supportive environment, in the techniques of economic and econometric analysis, as an aide to understanding contemporary finance and banking issues.
4. To inform this education by research, and national and international economic development, where appropriate.
5. To provide training in subject-specific skills, preparing students for employment or further study.

4. Programme Structure

5. Programme Modules

The following tables describe the programme and constituent modules. Constituent modules may be updated, deleted or replaced as a consequence of the annual programme review of this programme.

Your MSc Money, Banking and Finance programme is a 12 month programme of study at National Qualification Framework (NQF) level 7 (as confirmed against the FHEQ).

The programme is also divided into units of study called ‘modules’ which are assigned a number of ‘credits’. The credit rating of a module is proportional to the total workload, with 1 credit being nominally equivalent to 10 hours of work.

This programme is available for study 12 months full-time over three terms and is University-based throughout this time. The taught components of the programme are delivered in the first two terms, leaving the third term and most of the summer to research, write and submit your dissertation. The programme in its entirety runs from October to September.

During the programme you will study modules (including the dissertation) totaling 180 credits. Please note that all options are available timetable permitting and may change.

Please note that programme structures may be subject to change.

Stage 1

Compulsory Modules

Code	Module	Credits	Non-condonable?
BEEM124	Dissertation	45	No
BEEM119	Economics of Banking	15	No
BEEM117	Economics of Corporate Finance	15	No
BEAM046	Financial Modelling	15	No
BEAM047	Fundamentals of Financial Management	15	No
BEEM120	Macroeconomics of Money and Financial Markets	15	No
BEEM011	Applied Econometrics 1	15	No
BEEM012	Applied Econometrics 2	15	No

Optional Modules

You will choose two options totaling 30 credits from a regularly updated selection.

Code	Module	Credits	Non-condonable?
BEAM033	Banking and Financial Services	15	No
BEAM036	Domestic and International Portfolio Management	15	No
BEEM125	Experimental and Behavioural Economics	15	No
BEEM015	Industrial Economics and Strategy	15	No
BEAM029	Topics in Financial Economics	15	No
BEAM065	Bank Management	15	No
BEEM061	Fundamentals of Financial Technology	15	No
BEEM100	Macroeconomics	15	No
BEEM101	Microeconomics	15	No
BEEM103	Optimization Techniques for Economists	15	No

6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods

Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to:	Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):	...and evidenced by the following assessment methods:
1. Core knowledge of economics, econometrics and finance 2. Specialized knowledge on banking, finance and monetary policy 3. The ability to apply advanced economic and finance concepts to real-world situations 4. The ability to formulate, test and evaluate a wide variety of finance, economic and econometric models	ILOs 1 and 2 are delivered through all the compulsory modules. ILO 3 is delivered through the use of case studies as used in BEAM046 and BEAM047. ILO 4 is delivered through all compulsory modules. Teaching for our modules is delivered through lectures, seminars, tutorials and computer based classes. Learning is expected to continue outside of the contact hours as students will be set homework takes and required readings.	ILOs 1. 2 and 4 are assessed through a combination of numerical assignments, exams, group assignments and essays. ILO 3 is assessed formatively through case studies in BEAM046 and BEAM047.

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:

Intended Learning Outcomes (ILOs) will be...

...accommodated and facilitated by the following learning and teaching activities (in/out of class):

...and evidenced by the following assessment methods:

1. Core knowledge of economics, econometrics and finance
2. Specialized knowledge on banking, finance and monetary policy
3. The ability to apply advanced economic and finance concepts to real-world situations
4. The ability to formulate, test and evaluate a wide variety of finance, economic and econometric models

ILOs 1 and 2 are delivered through all the compulsory modules.

ILO 3 is delivered through the use of case studies as used in BEAM046 and BEAM047.

ILO 4 is delivered through all compulsory modules.

Teaching for our modules is delivered through lectures, seminars, tutorials and computer based classes.

Learning is expected to continue outside of the contact hours as students will be set homework takes and required readings.

ILOs 1. 2 and 4 are assessed through a combination of numerical assignments, exams, group assignments and essays.

ILO 3 is assessed formatively through case studies in BEAM046 and BEAM047.

Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to:	Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):	...and evidenced by the following assessment methods:
5. The ability to synthesise data from a range of sources 6. Expertise across a wide range of research methods and statistical techniques, such that they are equipped to carry out good quality empirical research. 7. The ability to analyse and evaluate quantitative problems 8. The ability to use a number of statistical and econometric packages	ILO 5 is delivered through all compulsory modules. ILO 6 is addressed primarily through BEAM046 which looks explicitly at research methods. However many other compulsory modules pick up on this theme. ILO 7 is delivered through all compulsory modules. ILO 8 is primarily delivered through BEAM046.	ILOs 5 and 7 are assessed through a combination of numerical assignments, exams, group assignments and essays. ILO 6 is assessed through both individual assignments and examination. ILO 8 is assessed through the individual and group assignments for BEAM046 which requires students to use VBA and Excel.

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:

Intended Learning Outcomes (ILOs) will be...

...accommodated and facilitated by the following learning and teaching activities (in/out of class):

...and evidenced by the following assessment methods:

5. The ability to synthesise data from a range of sources
6. Expertise across a wide range of research methods and statistical techniques, such that they are equipped to carry out good quality empirical research.
7. The ability to analyse and evaluate quantitative problems
8. The ability to use a number of statistical and econometric packages

ILO 5 is delivered through all compulsory modules.

ILO 6 is addressed primarily through BEAM046 which looks explicitly at research methods. However many other compulsory modules pick up on this theme.

ILO 7 is delivered through all compulsory modules.

ILO 8 is primarily delivered through BEAM046.

ILOs 5 and 7 are assessed through a combination of numerical assignments, exams, group assignments and essays.

ILO 6 is assessed through both individual assignments and examination.

ILO 8 is assessed through the individual and group assignments for BEAM046 which requires students to use VBA and Excel.

Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge

Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to:	Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):	...and evidenced by the following assessment methods:
9. A global outlook: Our graduates are engaged and prepared for the demands of global business and society 10. A critical thinker: Our graduates have a commercial awareness that enables them to critically analyse, conceptualise and evaluate the challenges facing business. 11. A collaborative mind-set: Our graduates are enterprising and motivated individuals who are able to actively collaborate and effectively communicate within a range of diverse settings. 12. An ethical ethos: Our graduates understand the social, financial and environmental factors that can impact on corporate sustainability and are able to make decisions openly and responsibly. 13. Technological and digital literacy: Our graduates are able to use technologies to source, process and communicate information.	9. BEEM119 Economics of Banking’s content is relevant across countries as it relates to banking crisis situations and the banking sector. BEEM117 Economics of Corporate Finance focuses on the theory of how companies finance themselves, which is applicable in an international environment. BEAM046 Financial Modelling addresses the international aspects of finance through the estimation of the fair value of exchange rates. BEAM047 Fundamentals of Financial Management states that investment theory and corporate finance are international by nature and the principles taught can be applied in any country. 10. BEEM124 Dissertation utilizes a literature review to understand and critically analyse and summarize the finding s of previous research of a topic of choice. The review should describe, summarise, evaluate and clarify the existing literature on said given topic. BEEM119 In Economics of Banking students will be abel to explain and analyse the role and function of a bank in modern economy, analyse and use the different tools and instruments used by banks, apply strategic reasoning, and possess the ability to comprehend analytical models as well as empirical studies BEEM117 Economics of Corporate Finance asks students to possess the ability to study a range of teaching and research material and the ability to think analytically BEAM046 Financial Modelling emphasises real world application of finance theory using practical classes used following lectures. The module covers the implementation of quantitative financial models and includes financial statement analysis, passive and active portfolio management, risk management and the valuation of exchange rates. BEAM047 Fundamentals of Financial Management introduces students to finance theory and financial management, and analyses models and evidence relating to a firm’s optimal capital structure and appropriate dividend policy. BEEM120 Macroeconomics of Money and Financial Markets develops a students’’ ability to think critically about developments in financial markets and money institutions. Students then can interpret current events as the logical outcome of principles 11. BEAM046 Financial Modelling requires that students collaborate on a group assignment to evaluate investment portfolios. 12. BEAM046 Financial Modelling looks at the sustainable operation of financial and fair valuation of security prices. BEAM047 Fundamentals of Financial Management states that students will learn about the fair valuation of financial assists which is of interest to those involved in sustainability. 13. BEAM046 Financial Modelling instructs students in the advanced use of Excel and Visual Basic for Applications (VBA)	9. BEMM119 – Essay and Exam BEEM117 – Exam BEAM046 - Individual assignment and group assignment BEAM047 – Examination and case study analysis and presentation 10. BEEM124 – Proposal and Literature Review (ILO1-7) BEMM119 – Essay and Exam (ILO1-11) BEEM117 – Exam (ILO 1-8) BEAM046 – Individual assignment and group assignment (Module ILOs 10-15) BEAM047 – Examination and case study analysis and presentation (ILOs 8-10) BEEM120 – Mid-term Exam and Exam (ILO 1- 9) 11. BEAM046 – Group assignment (Module ILO 17) 12. BEAM046 – Examination and group written assignment BEAM047 - Examination and case study analysis and presentation 13. BEAM046 – Individual assignment and group assignment (Module ILOs 2, 18 and 19)

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:

Intended Learning Outcomes (ILOs) will be...

...accommodated and facilitated by the following learning and teaching activities (in/out of class):

...and evidenced by the following assessment methods:

9. A global outlook: Our graduates are engaged and prepared for the demands of global business and society
10. A critical thinker: Our graduates have a commercial awareness that enables them to critically analyse, conceptualise and evaluate the challenges facing business.
11. A collaborative mind-set: Our graduates are enterprising and motivated individuals who are able to actively collaborate and effectively communicate within a range of diverse settings.
12. An ethical ethos: Our graduates understand the social, financial and environmental factors that can impact on corporate sustainability and are able to make decisions openly and responsibly.
13. Technological and digital literacy: Our graduates are able to use technologies to source, process and communicate information.

9. BEEM119 Economics of Banking’s content is relevant across countries as it relates to banking crisis situations and the banking sector.

BEEM117 Economics of Corporate Finance focuses on the theory of how companies finance themselves, which is applicable in an international environment.

BEAM046 Financial Modelling addresses the international aspects of finance through the estimation of the fair value of exchange rates.

BEAM047 Fundamentals of Financial Management states that investment theory and corporate finance are international by nature and the principles taught can be applied in any country.

10. BEEM124 Dissertation utilizes a literature review to understand and critically analyse and summarize the finding s of previous research of a topic of choice. The review should describe, summarise, evaluate and clarify the existing literature on said given topic.

BEEM119 In Economics of Banking students will be abel to explain and analyse the role and function of a bank in modern economy, analyse and use the different tools and instruments used by banks, apply strategic reasoning, and possess the ability to comprehend analytical models as well as empirical studies

BEEM117 Economics of Corporate Finance asks students to possess the ability to study a range of teaching and research material and the ability to think analytically

BEAM046 Financial Modelling emphasises real world application of finance theory using practical classes used following lectures. The module covers the implementation of quantitative financial models and includes financial statement analysis, passive and active portfolio management, risk management and the valuation of exchange rates.

BEAM047 Fundamentals of Financial Management introduces students to finance theory and financial management, and analyses models and evidence relating to a firm’s optimal capital structure and appropriate dividend policy.

BEEM120 Macroeconomics of Money and Financial Markets develops a students’’ ability to think critically about developments in financial markets and money institutions. Students then can interpret current events as the logical outcome of principles

11. BEAM046 Financial Modelling requires that students collaborate on a group assignment to evaluate investment portfolios.

12. BEAM046 Financial Modelling looks at the sustainable operation of financial and fair valuation of security prices.

BEAM047 Fundamentals of Financial Management states that students will learn about the fair valuation of financial assists which is of interest to those involved in sustainability.

13. BEAM046 Financial Modelling instructs students in the advanced use of Excel and Visual Basic for Applications (VBA)

9. BEMM119 – Essay and Exam

BEEM117 – Exam

BEAM046 - Individual assignment and group assignment

BEAM047 – Examination and case study analysis and presentation

10. BEEM124 – Proposal and Literature Review (ILO1-7)

BEMM119 – Essay and Exam (ILO1-11)

BEEM117 – Exam (ILO 1-8)

BEAM046 – Individual assignment and group assignment (Module ILOs 10-15)

BEAM047 – Examination and case study analysis and presentation (ILOs 8-10)

BEEM120 – Mid-term Exam and Exam (ILO 1- 9)

11. BEAM046 – Group assignment (Module ILO 17)

12. BEAM046 – Examination and group written assignment

BEAM047 - Examination and case study analysis and presentation

13. BEAM046 – Individual assignment and group assignment (Module ILOs 2, 18 and 19)

7. Programme Regulations

Classification

Full details of assessment regulations for all taught programmes can be found in the TQA Manual, specifically in the Credit and Qualifications Framework, and the Assessment, Progression and Awarding: Taught Programmes Handbook. Additional information, including Generic Marking Criteria, can be found in the Learning and Teaching Support Handbook.

8. College Support for Students and Students' Learning

9. University Support for Students and Students' Learning

Please refer to the University Academic Policy and Standards guidelines regarding support for students and students' learning.

10. Admissions Criteria

Undergraduate applicants must satisfy the Undergraduate Admissions Policy of the University of Exeter.

Postgraduate applicants must satisfy the Postgraduate Admissions Policy of the University of Exeter.

Specific requirements required to enrol on this programme are available at the respective Undergraduate or Postgraduate Study Site webpages.

11. Regulation of Assessment and Academic Standards

Each academic programme in the University is subject to an agreed College assessment and marking strategy, underpinned by institution-wide assessment procedures.

The security of assessment and academic standards is further supported through the appointment of External Examiners for each programme. External Examiners have access to draft papers, course work and examination scripts. They are required to attend the Board of Examiners and to provide an annual report. Annual External Examiner reports are monitored at both College and University level. Their responsibilities are described in the University's code of practice. See the University's TQA Manual for details.

(http://as.exeter.ac.uk/support/admin/staff/qualityassuranceandmonitoring/tqamanual/fullcontents/)

12. Indicators of Quality and Standards

The programme is not subject to accreditation and/ or review by professional and statutory regulatory bodies (PSRBs).

13. Methods for Evaluating and Improving Quality and Standards

The University and its constituent Colleges draw on a range of data to review the quality of educational provision. The College documents the performance in each of its taught programmes, against a range of criteria on an annual basis through the Annual Programme Monitoring cycle:

Admissions, progression and completion data
In Year Analysis data
Previous monitoring report
Monitoring of core (and optional) modules
External examiner's reports and University and College responses (reported to SSLC)
Any Professional, Statutory and Regulatory Body/accrediting body or other external reports
Consultation with employers and former students
Staff evaluation
Student evaluation
Programme aims

Subject areas are reviewed every four years through a periodic subject review scheme that includes external contributions. (http://admin.exeter.ac.uk/academic/tls/tqa/Part%209/9JREVISEDPSRSCHEME.pdf)

14. Awarding Institution

University of Exeter

15. Lead College / Teaching Institution

University of Exeter Business School (UEBS)

16. Partner College / Institution

Partner College(s)

Not applicable to this programme

Partner Institution

Not applicable to this programme.

17. Programme Accredited / Validated by

18. Final Award

MSc Money, Banking and Finance

19. UCAS Code

Not applicable to this programme.

20. NQF Level of Final Award

7 (Masters)

21. Credit

CATS credits	180	ECTS credits	90

22. QAA Subject Benchmarking Group

23. Dates

Origin Date	01/09/2018	Date of last revision	28/11/2020

Programme Specification for the 2020/1 academic year

MSc Money, Banking and Finance

1. Programme Details

2. Description of the Programme

3. Educational Aims of the Programme

4. Programme Structure

5. Programme Modules

Stage 1

Compulsory Modules

Optional Modules

6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods

Intended Learning Outcomes A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes C: Personal/Transferable/Employment Skills and Knowledge

7. Programme Regulations

8. College Support for Students and Students' Learning

9. University Support for Students and Students' Learning

10. Admissions Criteria

11. Regulation of Assessment and Academic Standards

12. Indicators of Quality and Standards

13. Methods for Evaluating and Improving Quality and Standards

14. Awarding Institution

15. Lead College / Teaching Institution

16. Partner College / Institution

Partner College(s)

Partner Institution

17. Programme Accredited / Validated by

18. Final Award

19. UCAS Code

20. NQF Level of Final Award

21. Credit

22. QAA Subject Benchmarking Group

23. Dates

Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge