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Study information

Programme Specification for the 2023/4 academic year

MSc Money, Banking and Finance

1. Programme Details

Programme nameMSc Money, Banking and Finance Programme codePTS1SBESBE36
Study mode(s)Full Time
Academic year2023/4
Campus(es)Streatham (Exeter)
NQF Level of the Final Award7 (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

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

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

Optional Modules

You will choose three options totalling 45 credits from a regularly updated selection. 

Please note that not all listed option modules will be available every year.

CodeModule Credits Non-condonable?
BEAM033 Banking and Financial Services 15No
BEAM036 Domestic and International Portfolio Management 15No
BEEM125 Experimental and Behavioural Economics 15No
BEEM015 Industrial Economics and Strategy 15No
BEAM029 Topics in Financial Economics 15No
BEAM065 Bank Management 15No
BEEM061 Fundamentals of Financial Technology 15No
BEEM100 Macroeconomics 15No
BEEM101 Microeconomics 15No
BEEM103 Optimisation Techniques for Economists 15No
BEEM152 Behavioural Development Economics 15No
BEEM154 Economics of Public Finance 15No
BEEM161 Smart Contracts 15No
BEEM014 Health Economics 15No
BEEM157 Behavioural Finance 15No

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
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
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. CONFIDENT COMMUNICATOR: Able to adapt and adjust both written and verbal communication styles, to meet the needs of diverse audiences.
10. INNOVATIVE PROBLEM-SOLVER: Able to confidently explore challenges from different perspectives, to creatively offer practical and timely solutions.
11. PROACTIVE COLLABORATOR: Able to actively build strong working relationships with others to have positive outcomes.
12. DIGITALLY FLUENT: Able to embrace a variety of digital technologies to critically source, process and communicate information.
13. RESILIENT SELF-ADVOCATE: Able to develop self-awareness through a commitment to learning from experiences and taking responsibility for personal growth.
14. CRITICAL THINKER: Able to proactively analyse and evaluate information from a variety of sources to draw independent and well-founded conclusions.
15. GLOBALLY ENGAGED: Able to recognise diverse individual and cultural perspectives, in order to communicate on interconnected world issues and sustainable decisions

9. BEEM124 requires students to write a 14,000 word dissertation to communicate (and critically evaluate) the state of research of their chosen topic.

BEEM012 Applied Econometrics 2 requires students to work on a 2,500 word empirical project involving data analysis.

 

 

10. BEEM012 Applied Econometrics 2: As part of the empirical project students use econometric techniques and apply them on economic/financial data

     

     

      BEEM011 Applied Econometrics 1 Students have 5 homework quizzes to work on applying econometric methods on real world data.

 

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

 

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

BEEM011 Applied Econometrics 1: Students learn state of the art statistical software R to apply econometric methods on economic data.

 

 

13. 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.

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.

 

14.

      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

      BEEM124 Dissertation : Students are asked to critically evaluate the existing research studies on a given topic.

 

15.

BEEM120 Macroeconomics of Money and Financial Markets’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.

     

9. BEEM117 – Exam

    BEAM046 - Individual assignment and group assignment

    BEAM047 – Examination and case study analysis and presentation

   

 

10.

      BEEM011 – 5 HW quizzes and a 2000 word written assignment

      BEAM046 – Individual assignment and group assignment

      BEAM047 – Examination and case study analysis and presentation

      BEEM120 – Mid-term Exam and Exam

    

 

11. BEAM046 – Group assignment

 

12. BEEM011 Applied Econometrics 1 Students have 5 homework quizzes to work on applying econometric methods on real world data using software R

 

13.

 BEEM124 – 14,000 word thesis critically analysis existing research studies to form an informative opinion.

 

 

BEEM012 Applied Econometrics 2 requires students to work on a 2,500 word empirical project involving data analysis.

 

14. BEEM124 – 14,000 word thesis critically analysis existing research studies to form an informative opinion.

BEEM012 Applied Econometrics 2 requires students to work on a 2,500 word empirical project involving data analysis.

 

15. BEEM120: Mid term and Final exam

BEAM046 – Group assignment

7. Programme Regulations

Classification

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

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

14. Awarding Institution

University of Exeter

15. Lead College / Teaching Institution

University of Exeter Business School (UEBS)

University of Exeter Business School (UEBS)

University of Exeter Business School (UEBS)

16. Partner College / Institution

Partner College(s)

Not applicable to this programme

Not applicable to this programme

Not applicable to this programme

Partner Institution

Not applicable to this programme.

17. Programme Accredited / Validated by

0

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

21/07/2022