masters in money, banking and finance

Economics&Finance-Money,Banking&FinanceMSc-2016/7-August2016

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MastersinMoney,BankingandFinance

TaughtElement: Compulsorymodules100credits:EC5605,EC5608,EC5609,EC5801,EC5901Optionalmodules20creditsfrom:EC5225,EC5606,EC5610,EC5611,EC5722MSc:120creditsasfortheTaughtElementplusEC5899

Compulsorymodules:EC5605MonetaryPolicy

SCOTCATCredits: 20 SCQFLevel11 Semester: 2

Plannedtimetable: Tobearranged.

Thismodulewillcoverkeyissuesinmonetarypolicy.Topicswill include:thecaseforpricestability;timeinconsistency and policy; the trade-off between inflation bias and output stabilisation; unconventionalmonetarypolicies;inflationtargetingandothermonetaryframeworks;andtheconductofmonetarypolicyinleadingcountries.

Programmemoduletype: CompulsoryforMScinMoney,BankingandFinance.OptionalforMScinEconomics,andMScinFinanceandEconomics.

Learningandteachingmethodsanddelivery:

Weeklycontact:2lectures,tutorial(fortnightly).

Assessmentpattern: 2-hourWrittenExamination=50%,Coursework=50%

ModuleCo-ordinator: DrKOzhan

EC5608FinancialIntermediation



Thismodulewillcoverthemaintheoreticalissuesinvolvedinfinancialintermediation,fromtheexistenceofbanks throughcredit rationingandoptimal contracts tobank runs, centralbanksand regulation. Themodulewillconcentrateonanalyticalmodels,buttherewillbesomereferencetocurrentissuesinexistingfinancialsystems.

Programmemoduletype: CompulsoryforMScinMoney,BankingandFinance.OptionalforMScinEconomics,MScinFinance,andMScinFinanceandEconomics.


Weeklycontact:Lectures.


ModuleCo-ordinator: DrKOzhan


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EC5609FinancialEconometricsSCOTCATCredits: 20 SCQFLevel11 Semester: 1


Thismodulewillintroducethestudentstothetheoryandpracticeoffinancialeconometrics.Themodulewillbeginbyintroducingstudentstotheclassicallinearregressionmodelandanumberofissuesregardingitsapplicationtorealworlddata.Themodulewillthendevelopanumberoftime-seriestechniquesthatcanbeappliedtothestudyoffinancialeconomics.Topicscoveredinclude:thelinearunivariatestochasticmodel,multivariatemodels, unit root processes and co-integration. By the end of themodule studentsshouldbeabletoundertakeempiricalanalysisusingfinancialdata.

Programmemoduletype: CompulsoryforMScinFinance,andinMoney,BankingandFinancePostgraduateProgrammes.


Weeklycontact:2lecturesperweek(x9weeks).2hoursx4weeksoflabs(weeks2or3,4or5,7and9)


ModuleCo-ordinator: DrKPetrova

EC5801MoneyandBanking



Thismoduleprovidesanintroductiontotheeconomicsofmoney,bankingandfinancialmarkets.Itaimstopresent students with a general overview of keymonetary and financialmarket phenomena, the basicworkings of financial and money markets and the tools and conduct of monetary policy. The modulecoverstopicssuchashowfinancialmarketsandinstitutionsoperate,theriskandtermstructureofinterestrates,financialregulationandsupervision,andcentralbankingamongothers.

Programmemoduletype: CompulsoryforMScinMoney,BankingandFinance.


Weeklycontact:Lecturesandtutorials.


ModuleCo-ordinator: DrOdeGroot

EC5901InternationalFinance



Themodulewillcoverkeyissuesininternationalfinance.Topicswillincludeanalyzingmodelsofexchangeratedetermination,bothnominalandreal;andanalysisofthedeterminantsofinternationalcapitalflows.Themodulewill introduce a range of analyticalmodels, togetherwith a range of empirical and policy-orientedmaterial.

Programmemoduletype: CompulsoryforMScinFinance,andinMoney,BankingandFinancePostgraduateProgrammes.


Weeklycontact:Lecturesandtutorials.


ModuleCo-ordinator: DrGMitka


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CompulsorymoduleforMSc:EC5899DissertationinMoney,BankingandFinance

SCOTCATCredits: 60 SCQFLevel11 Semester: WholeYear


A dissertation in the formof a substantial extended theoretical/analytical/empirical essay/project on atopicrelevantandappropriatetotheMScAselectionofpotentialtopicswillbeidentifiedbymembersofstaff and it is expected that most students will choose one of these. Limited supervision is available,notablytoagreetopicsandoutlinesandtocheckprogress,butstudentsareexpectedtoworklargelyontheirowninitiative.

Programmemoduletype: CompulsoryforMScinMoney,BankingandFinancePostgraduateProgramme.


Weeklycontact:Supervision.

Assessmentpattern: Coursework(Dissertation)=100%

ModuleCo-ordinator: DrSBraun

Optionalmodules:EC5225ExperimentalEconomics



Thismodulewill startbyexposing students to themethodologyof experimental economics. Itwill thenreview stylised facts and recent developments of its use to address various research questions ineconomics. The rise of the use of experimental methods in economics has created a useful dialoguebetween theoretical and laboratory-based empirical work. Typically, this process occurs as follows:experimental economists use human participants to test the behavioural implications of theoreticalmodelsinthelaboratory;thenewempiricalevidencecollectedinthelaboratorythensuggestsnewvenuesfor the development of novel theoreticalmodels. This cycle then repeats itself. In thismodule wewillsometimesconsidersuchinterplaybetweenthedevelopmentoftheoreticalmodelsandthecollectionofempiricalevidenceinthelaboratory.

Programmemoduletype: OptionalforMScinEconomics,MScinFinanceandEconomics,andMScinMoney,BankingandFinance.

Pre-requisite(s): AdmissiontoMScEconomicsorastrongundergraduatetraininginmicroeconomicsandrelevantmathematicalandstatisticaltechniques.


Weeklycontact:2lectures,occasionaltutorials.

Assessmentpattern: 3-hourWrittenExamination=75%,Coursework(1,500-wordTechnicalEssay)=25%

ModuleCo-ordinator: ProfMCosta-Gomes

Lecturer(s)/Tutor(s): ProfMCosta-Gomes


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EC5606CorporateGovernanceandRiskSCOTCATCredits: 20 SCQFLevel11 Semester: 2


Three key components: (1) corporate governance; (2) riskmanagement; and (3) financialmanagement.Detailedcontentmayvaryyearbyyear,buttypicallywouldinclude:mergers,takeovers,corporatecontrol,governance, financial architecture, risk capital; risk in corporate and international settings; marketconsequences of managerial behaviour; corporate governance in family firms; financial distress andbankruptcyresolution.

Programmemoduletype: OptionalforMScinEconomics,MScinFinance,MScinFinanceandEconomics,andMScinMoney,BankingandFinance.

Pre-requisite(s): EC5601


Weeklycontact:2lectures,1tutorial.


ModuleCo-ordinator: DrGZhu

EC5610MergersandAcquisitions



Thismoduleaimstointroducetostudentsthekeyissuesonmergersandacquisitions(M&A)literature.They will develop their ability critically to understand issues such as (a) regulatory and strategicconsiderations, takeover tactics, and takeover defences, (b) target firm valuation, (c)M&A activity (d)empirical tests of both the short- and the long-runperformance, (e) cross-border acquisitions and theirmaindifferenceswithdomesticonesand(f)differentgametheoreticalapproachesonM&A.

Programmemoduletype: OptionalforMScinEconomics,MScinFinance,MScinFinanceandEconomicsandMScinMoney,BankingandFinance.


Weeklycontact:2lectures,1tutorial.


ModuleCo-ordinator: DrLBarbopoulos

EC5611PortfolioTheoryandManagement



Thismoduleaimstodevelopstudents’knowledgeandunderstandingofkeyissuesinassetallocationandportfoliocomposition/managementatanadvanced level.Moreover itaimstoprovidestudentswiththeopportunity todevelop theirability tocriticallyunderstandcurrent theoreticalandempirical research inthe field of portfolio management and the implications of such research into alternative portfoliocompositionandmanagementstrategies.

Programmemoduletype: CompulsoryforMScinFinance.OptionalforMScinEconomics,MScinFinanceandEconomicsandMScinMoney,BankingandFinance.

earningandteachingmethodsanddelivery:

Weeklycontact:2lectures,occasionalseminarsandtutorials.


ModuleCo-ordinator: DrLChollete


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EC5722RiskManagementSCOTCATCredits: 20 SCQFLevel11 Semester: 2


Thismoduleprovidesthestudentwithan introductiontostandardtechniques inriskandinsurance.Theimplementationofsoundquantitativeriskmodelstoassessandinsureagainstriskisavitalconcernforallfinancial institutions. Themodule provides a comprehensive treatment of the theoretical concepts andmodelling techniquesofquantitative riskmanagement. Itprovides studentswithpractical tools to solverealworldproblems,inthecontextofportfoliomanagementandcreditrisk.Amajorthemeunderlyingalltopics is the importance of ambiguity, especially regarding partial knowledge of asset distributions andinvestorpreferences.Throughoutwewillrelatetheclassdiscussiontocurrenteconomicconditions.

Programmemoduletype: OptionalforMScinEconomics,MScinFinance,MScinFinanceandEconomicsandMScinMoney,BankingandFinance.

Pre-requisite(s): EC5601


Weeklycontact:Lecturesandseminars.


ModuleCo-ordinator: DrMZhang


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masters in money, banking and finance

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