Course Type: Postgraduate (taught)
Training Provider: University of Glasgow
School/Institute/Dept./Centre: Centre for Development Studies (CDS)

The course of study leading to the degree of MSc in Finance and Economic Development is designed for:

1. those intending to pursue careers in teaching and/or research in the general field of economic development or the specialist areas offered as optional subjects;
2. government officials wishing to expand their knowledge of various aspects of economic development;
3. those working in this subject area in international agencies or in other organisations concerned with economic development.

Programme structure

Students take three core courses and select three optional courses from the list below. MSc candidates also write a 12,000-15,000 word dissertation. Students are required to attend a course on research methodology in preparation for writing the dissertation.

Core courses

Growth and Development
This course sets out critically to analyse the main theories and concepts which seek to explain economic development or its absence. The course first considers different measures of economic growth and development and how this has been analysed. Lectures then focus on the development process and on a number of the main models that try to explain it. Topics include the Solow model, endogenous growth, dual economy models including the Lewis model, agricultural development, and strategies of trade, development and industrialisation. The course has two main aims. One is to promote an understanding of the economies of transition from less developed to developed status. The other is to provide an analytical framework for evaluating development strategies. These objectives are interdependent and a high premium is placed on a critical approach to the models considered and an understanding of their empirical basis.

Money Finance and Growth
The course reviews a variety of analytical models that analyse the role of money and financial intermediation in economic growth. It investigates the link between saving (and investment) and economic growth, and between development of the financial system and growth. Particular attention is paid to the possible direction of causation between finance and growth. Finally, the course reviews the empirical literature and the evidence that it provides about causal links.

Financial Institutions and Markets in Developing Countries
The course analyses monetary and financial structures in developing countries. It looks at the operation of monetary policy in these countries and analyses a number of different issues arising from the process of liberalisation of the financial system and capital movements. The policies of interest rates liberalisation and stock market development are analysed. The course examines the relationships between financial liberalisation, capital account liberalisation and financial crises. It discusses measures that can reduce the likelihood of crises and problems related to international rescue operations

Optional courses

• Development Policy
• IMF, World Bank and Economic Growth
• Basic Econometrics
• Environmental Economics
• International Macro Economics and Policy
• International Trade
• Project Planning, Appraisal and Implementation
• Quantitative Methods for Planning - Forecasting
• Advanced Econometrics
• Economic Appraisal of Development Projects
• Economics of Finance
• Globalisation, Trade and Economic Development
• International Finance and Money
• Poverty: Concept, Analysis and Policies
• Quantitative Methods for Planning - Optimal Decision Making
• Aid and Development
• Financial Sector Stability and Growth
• The Economics of Inequality and Deprivation

Students may also choose relevant options from other MSc Programmes subject to approval.

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Staff:
http://www.gla.ac.uk/departments/economics/ourstaff/

Entry Requirements:
Applicants for MSc programmes will be expected to have at least an upper second class honours degree, or comparable non-UK degree. Normally, this should be a degree in economics or a joint degree containing a significant amount of economics, although in the case of the programme in Development Studies, an upper second class honours degree in an area of the social sciences is acceptable, while applicants for Environment and Sustainable Development should have the equivalent of an upper second class degree in a relevant field of study. Occasionally candidates with other qualifications and/or relevant work experience may also be admitted. Well-qualified applicants who do not meet the requirements for MSc programmes may be accepted for a programme of study leading to the award of a postgraduate Diploma.

Course Duration:
MSc: 12 months (October-September) full-time, 24 months part-time.
Diploma: 9months (October-June) full-time, 2x9 months over two sessions part-time.

Language(s) of Instruction:

• English

Mode of Study:

• residential

Thematic Focus:

• Development Economics
• Development Finance
• Development Studies
• Globalisation
• Poverty Analysis
• Project Planning
• Social Policy and Development
• :Other:

Country(ies):

• United Kingdom

Town(s) or City(ies):
Glasgow

Course fees:
Please see http://www.gla.ac.uk/registry/students/fees/feeindex.html for details.

Scholarships & Awards:
Please see http://www.gla.ac.uk/studying/scholarships/ for details.

Course's Webpage:
http://www.gla.ac.uk/centres/developmentstudies/postgraduatetaughtprogrammes/mscinfinanceandeconomicdevelopment/