Why are banking and finance so important for our economy? How do banks work? How do their activities affect business cycle fluctuations or even economic crises? And how can economic policy, particularly monetary policy, steer the banking sector and the overall economy towards desirable outcomes?
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 provides you with specialised training in money and banking, and equips you with state-of-the-art tools and methods in economics and finance. You explore topics including:
Financial intermediation and money creation
Commercial and investment banks
The monetary transmission mechanism
The implementation of monetary policy and its interaction with financial markets
We are top 5 in the UK for research, with over 90% rated as “world-leading” or “internationally excellent”. Much of this world-class research is related to policy, and we have strengths in the areas of:
Game theory and strategic interactions
Theoretical and applied econometrics
The quality of our work is reflected in our stream of publications in high-profile academic journals, including American Economic Review, Econometrica, and Review of Economic Studies.
After completing your masters, you may wish to extend your knowledge with a research degree – many Essex graduates decide to stay here for further study.
Alternatively, our course also prepares you for employment; recent surveys have shown that higher degree graduates are more likely to obtain jobs at professional or managerial level.
Our graduates find employment in roles such as business and financial analysts, management consultants, government officials, and economists for banks and other financial organisations.