Taught course

Money and Banking

University of Essex · Department of Economics

Entry requirements

Our applicants should have a 1st, 2:1 or 2:2 degree in economics or a related discipline. (If your first 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).

Months of entry


Course content

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? Our MSc Money and Banking provides fascinating insights into these questions.

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.

Information for international students

If English is not your first language, then we require IELTS 6.0 or equivalent.

Qualification and course duration


part time
24 months
full time
12 months

Course contact details

Graduate Administrator
+44 (0)1206 872 719