University of Essex

University of Essex

Money and Banking

The course is structured around two key modules: Banking and Monetary Economics. Banking introduces you to the basic principles of financial intermediation and money creation, looking at both commercial and investment banks. It will offer a conceptual perspective at the services provided by these institutions and the way they interact with the wider economy. Monetary Economics focuses on theoretical and empirical questions regarding the monetary transmission mechanism, the implementation of monetary policy and its interaction with financial markets. These two key modules are complemented by a range of further modules in Microeconomics, Macroeconomics and Econometrics. The curriculum will therefore not only provide specialised training in money and banking but also equip you with state-of-the-art tools and methods in economics and finance. If you wish to pursue a career in the financial industry, central banks, civil service or academia, MSc Money and Banking is for you. Our course will help you develop a profile that is in high demand in these sectors. You will graduate with key transferable employability skills preparing you for a successful career in this exciting and fast-changing environment.

Entry requirements

Applicants should have a 1st, 2.1 or 2.2 degree in economics or a related discipline. (If your 1st degree is not in economics, or your economics training does not provide sufficient technical expertise for direct entry to an MSc, then we have a full-time Diploma). If English is not your 1st language, then we require IELTS 6.0 or equivalent.

Course modules

Core modules: banking; econometric methods; macroeconomics; microeconomics; monetary economics; Msc dissertation. Optional modules: applications of data analysis; banking; behavioural economics i: individual decision making; behavioural economics ii: games and markets; computational agent-based macro-economics, financial markets and policy - design; econometric methods; economic development theory; economics of financial markets; economics of incentives, contracts and the firm; economics of the European union; economics of transition; environmental economics; estimation and inference in econometrics; game theory and applications; international finance; international trade; macroeconomics; market structure and strategic behaviour; mathematical methods; microeconometrics; microeconomics; monetary economics; panel data methods; political economy; theory of industrial organisation; time series econometrics; topics in financial economics.

Assessment methods

Your assessment is a combination of written coursework, end-of-term tests, practical and laboratory work (where appropriate) and end-of-year exams. During the summer, you will work on a dissertation or individual project included in your final grade.


Qualification Study mode Start month Fee Course duration
MSc Full-time GBP 9,950 per Year 1 (England) 12 months
MSc Full-time GBP 15,500 per Year 1 (International) 12 months
MSc Full-time GBP 9,950 per Year 1 (Northern Ireland) 12 months
MSc Full-time GBP 9,950 per Year 1 (Scotland) 12 months
MSc Full-time GBP 9,950 per Year 1 (Wales) 12 months
MSc Part-time GBP 4,975 per Year 1 (Northern Ireland) 24 months
MSc Part-time GBP 4,975 per Year 1 (Scotland) 24 months
MSc Part-time GBP 4,975 per Year 1 (Wales) 24 months
MSc Part-time GBP 4,975 per Year 1 (England) 24 months
MSc Part-time GBP 7,750 per Year 1 (International) 24 months

Campus details

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Key information

Graduate Administrator
Telephone number: 
01206 872719