MSc Money, Banking and Financial Economics is an excellent opportunity for students who wish to pursue a career requiring a sophisticated understanding of the macro-economy and state-of-the-art analytical skills, such as in global industry, banking and finance, or government organisations.
The world of business is becoming ever more connected. Firms are looking for people who are able to leverage the interconnected nature of banking, finance, and the macroeconomy to help them manage risk and uncertainty.
MSc Money, Banking and Financial Economics provides you with the crucial knowledge to understand current debates in monetary, fiscal, and macroprudential policymaking.
With a strong emphasis on technical skills, the programme teaches you how to model economic issues, conduct rigorous empirical analyses, and discuss their work with diverse audiences to generate meaningful insight.
The modules in this programme cover a wide range of fields within macroeconomics and finance, allowing you to study many of the current issues facing the world economy, including Brexit and rising trade barriers, regulations of finance and banking, and the economics of cryptocurrency.
An important feature of our programme is that the modules are taught by world-class researchers who publish in leading academic journals on the very topics they teach. Many of our faculty maintain close relationships with businesses, governments, and non-profit organisations, connecting their research to real-world impact.
The Management School has ringfenced a number of Management School Excellence Scholarships for our economics master’s programmes. Eligibility and more information can be found on the School’s scholarship pages. In addition, international students could be eligible to receive a discount of up to £5,000 off your tuition fees with the University of Liverpool Postgraduate Global Advancement Scholarship, find out more on the Postgraduate Global Advancement Scholarship webpages.
The University of Liverpool Management School is one of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation from AACSB, AMBA and EQUIS.
AACSB Accreditation Standards require a high quality teaching environment, a commitment to continuous improvement, and curricula responsive to the needs of businesses. This achievement means that the Management School meets specific standards of excellence. It also means it's committed to on-going improvement in delivering high quality education.
AMBA is the highest standard of achievement in postgraduate business education. MBA students and graduates, business schools and employers all recognise it as a gold standard. AMBA's rigorous criteria and assessment process ensure that only programmes that demonstrate the highest standards in teaching, learning and curriculum design; career development and employability; and student, alumni and employer interaction achieve accreditation.
The School is also accredited by EQUIS, which is the leading international system of quality assessment, improvement and accreditation of higher education institutions in management and business administration. Institutions that are accredited by EQUIS must demonstrate not only high general quality in all dimensions of their activities, but also a high degree of internationalisation and corporate connections.
Discover what you'll learn, what you'll study, and how you'll be taught and assessed.
The 12-month programme consists of six compulsory modules and two optional modules, followed by a dissertation carried out over the summer period upon completion of Semester two.
In Semester one students will take three required modules, and select one optional module.
| Compulsory modules | Credits |
|---|---|
| ECONOMETRIC AND STATISTICAL METHODS (ECON814) | 15 |
| MACROECONOMIC ANALYSIS (ECON905) | 15 |
| MICROECONOMIC ANALYSIS (ECON915) | 15 |
| Optional modules | Credits |
|---|---|
| BANKING AND FINANCIAL INSTITUTIONS (ACFI812) | 15 |
| DIGITAL CURRENCIES (ECON707) | 15 |
| INTERNATIONAL ECONOMICS AND FINANCE (ECON704) | 15 |
Programme details and modules listed are illustrative only and subject to change.
In Semester two students will take three required modules, and select one optional module
| Compulsory modules | Credits |
|---|---|
| APPLIED MACROECONOMETRICS (ECON920) | 15 |
| ECONOMICS OF FINANCIAL MARKETS (ECON706) | 15 |
| TOPICS IN MONEY AND BANKING (ECON916) | 15 |
| Optional modules | Credits |
|---|---|
| CURRENT TOPICS IN ECONOMICS (ECON827) | 15 |
| MACHINE LEARNING AND BIG DATA ECONOMETRICS (ECON701) | 15 |
| FINANCIAL RISK MANAGEMENT (ACFI809) | 15 |
Programme details and modules listed are illustrative only and subject to change.
The 12-month programme consists of six compulsory modules and two optional modules, followed by a dissertation carried out over the summer period upon completion of Semester two.
| Compulsory modules | Credits |
|---|---|
| DISSERTATION (ECON912) | 60 |
Programme details and modules listed are illustrative only and subject to change.
Modules are taught using the latest active learning techniques including real-world case studies, social media, lecture capture and real-time financial and business data using our Bloomberg trading floor.
The principal forms of teaching are face-to-face lectures and seminars with lectures normally being supported by material such as hand-outs and presentations. Seminars give the opportunity for detailed discussion of a topic under the direction of a tutor. You are normally expected to prepare work in advance for seminars and may be expected to present work or give presentations.
In addition, this course offers an enhanced programme of events and activities such as coding bootcamps and guest speakers.
Following semester two you will complete a dissertation the support of an academic supervisor.
Teaching time will account for an average of 10 hours per week and you should anticipate an additional 30 hours of self-directed study and group work.
In semester one and two, you will take modules totalling 120 credits. The Dissertation completed during the summer period is worth 60 credits and students will be supported by their academic supervisor.
Students are required to complete 180 credits to achieve a full MSc.
Subject to meeting specific criteria outlined by the University, students will graduate with a Pass, Merit or Distinction.
Assessment tasks are varied and some may be designed specifically to meet the learning outcomes of a particular programme of study, but students can expect to be assessed via coursework, essay, group work, presentations, case studies, negotiation exercises, reports and examinations. The weighting of individual components will vary from one module to another. All assessment information is included within the module specification.
We have a distinctive approach to education, the Liverpool Curriculum Framework, which focuses on research-connected teaching, active learning, and authentic assessment to ensure our students graduate as digitally fluent and confident global citizens.
The Liverpool Curriculum framework sets out our distinctive approach to education. Our teaching staff support our students to develop academic knowledge, skills, and understanding alongside our graduate attributes:
Our curriculum is characterised by the three Liverpool Hallmarks:
All this is underpinned by our core value of inclusivity and commitment to providing a curriculum that is accessible to all students.
This programme is delivered by the triple-accredited University of Liverpool Management School.
The School has a thriving international master’s community with a comprehensive, interdisciplinary programme of social and extra-curricular events and dedicated careers and employability support.
Start your postgraduate economics journey at the University of Liverpool Management School.
From arrival to alumni, we’re with you all the way:
The rigorous training offered as part of the MSc Economics course has been essential for building my skills as a practising economist. The programme has a wonderful blend of modules and can really be tailored depending on different students’ career or research aspirations.
Want to find out more about student life?
Chat with our student ambassadors and ask any questions you have.
The programme will equip students with state-of-the-art quantitative tools and an in-depth understanding of the banking sector in order to prepare you for a successful career.
During the year, you can take part in dedicated skills and employability days including coding bootcamps in R and python to allow you to reach software fluency and allow you to excel at any task in the workplace.
The School will also host an event for data scientists from industry and the civil service to talk to you and give an insight into the career possibilities open to you.
You will have access to a specialist, in-house postgraduate careers team and have access to one-to-one careers guidance, workshops, seminars, and employability initiatives.
The MSc in Money, Banking and Financial Economics is an excellent opportunity for students who wish to pursue a career in:
Our campus Career Studio is a space for students and graduates to drop into and talk to a career coach. Career coaches are highly trained to help no matter what stage you are at in your career planning. You can access support to find and apply for full-time and part-time roles, placements, internships and graduate schemes. You will also find the help you need if you have a start-up idea or want to create a business plan. You can explore the world of work, prepare for job interviews, and access careers events and workshops. The Career Studio is open Monday to Friday from 10am-5pm, simply drop in at a time that works for you.
We develop our programmes with employers in mind. You will be supported to enhance your long-term employment prospects as you learn. We do this by exposing you to professionals, a variety of sectors and supporting you to work collaboratively with others to develop transferable skills. You are equipped with a clearer view of what to focus on in your area of interest, and to reflect on your studies. Our digital employability tools give you a tech-enhanced curriculum experience and make it easy for you to prepare for the world of work. You can use tools like the Handshake platform to connect with employers and message the Career Studio 24/7.
You can start building good professional networks by attending events and employability activities. Our events are designed to develop your skills and expose you to many different employers, as well as to help you make contacts in your field. We help you improve your confidence when speaking to employers and give you access to unique opportunities. Our networking events also boost your understanding of the competencies and skills that employers are looking for in their recruitment process, giving you a competitive edge.
Your tuition fees, funding your studies, and other costs to consider.
Full-time place, per year - £14,500
Full-time place, per year - £31,000
Fees stated are for the 2025-26 academic year.
Tuition fees cover the cost of your teaching and assessment, operating facilities such as libraries, IT equipment, and access to academic and personal support.
You can pay your tuition fees in instalments.
All or part of your tuition fees can be funded by external sponsorship.
International applicants who accept an offer of a place will need to pay a tuition fee deposit.
If you're a UK national, or have settled status in the UK, you may be eligible to apply for a Postgraduate Loan worth up to £12,167 to help with course fees and living costs. Learn more about paying for your studies.
We understand that budgeting for your time at university is important, and we want to make sure you understand any course-related costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.
Find out more about the additional study costs that may apply to this course.
We offer a range of scholarships and bursaries that could help pay your tuition and living expenses.
If you’re a University of Liverpool graduate starting this master’s degree with us, you could be eligible to receive a loyalty discount of up to £2,500 off your master’s tuition fees.
Are you a UK or Republic of Ireland student with a first-class degree, or equivalent? Join an MSc in the Management School and you could be eligible to receive £2,000 off your tuition fees.
Join an MSc in the Management School and you could be eligible to receive a 50% discount off your tuition fees. You’ll be considered for this award based on your academic record, CV and the personal statement from your course application.
Are you a University of Liverpool undergraduate student graduating this summer? Progress from a current University of Liverpool degree, in any subject, to study an MSc in the Management School, and you could receive a tuition fee discount of £1,000.
If you’re a UK student, either born in or with strong family connections to Merseyside, you could be eligible to apply for a fee discount of up to £4,500. You’ll need to demonstrate an active interest in global, community and environmental issues to be considered.
If you’re a UK University of Liverpool graduate joining a master’s degree with us, you could be eligible to receive £3,000 off your tuition fees. You must have graduated in the last two years and received a widening access scholarship during your undergraduate studies.
Apply to receive tailored training support to enhance your sporting performance. Our athlete support package includes a range of benefits, from bespoke strength and conditioning training to physiotherapy sessions and one-to-one nutritional advice.
The qualifications and exam results you'll need to apply for this course.
| Qualification | Details |
|---|---|
| Postgraduate entry requirements | We accept a 2:2 honours degree from a UK university, or an equivalent academic qualification from a similar non-UK institution. This degree should be in Economics or a closely related discipline with a quantitative focus. Students with a 2:2 degree from a quantitative science discipline (e.g. Mathematics, Physics, Statistics, Operations Research) are also encouraged to apply. |
| International qualifications |
If you hold a bachelor’s degree or equivalent, but don’t meet our entry requirements, a Pre-Master’s can help you gain a place. This specialist preparation course for postgraduate study is offered on campus at the University of Liverpool International College, in partnership with Kaplan International Pathways. Although there’s no direct Pre-Master’s route to this MSc, completing a Pre-Master’s pathway can guarantee you a place on many other postgraduate courses at The University of Liverpool. |
You'll need to demonstrate competence in the use of English language, unless you’re from a majority English speaking country.
We accept a variety of international language tests and country-specific qualifications.
International applicants who do not meet the minimum required standard of English language can complete one of our Pre-Sessional English courses to achieve the required level.
| Qualification | Details |
|---|---|
| IELTS | 6.5 overall, with no component below 6.0 |
| TOEFL iBT | 88 overall, with minimum scores of listening 19, writing 19, reading 19 and speaking 20. TOEFL Home Edition not accepted. |
| Duolingo English Test | 125 overall, with writing not less than 125, speaking and reading not less than 115, and listening not below 110. For academic year 2025/26 only, we will also accept the production, literacy, comprehension and conversation score set: 120 overall, with no component below 105. |
| Pearson PTE Academic | 61 overall, with no component below 59 |
| LanguageCert Academic | 70 overall, with no skill below 65 |
| PSI Skills for English | B2 Pass with Merit in all bands |
| INDIA Standard XII | National Curriculum (CBSE/ISC) - 75% and above in English. Accepted State Boards - 80% and above in English. |
| WAEC | C6 or above |
Do you need to complete a Pre-sessional English course to meet the English language requirements for this course?
The length of Pre-sessional English course you’ll need to take depends on your current level of English language ability.
If you don’t meet our English language requirements, we can use your most recent IELTS score, or the equivalent score in selected other English language tests, to determine the length of Pre-sessional English course you require.
Use the table below to check the course length you're likely to require for your current English language ability and see whether the course is available on campus or online.
| Your most recent IELTS score | Pre-sessional English course length | On campus or online |
|---|---|---|
| 6.0 overall, with no component below 6.0 | 6 weeks | On campus |
| 6.0 overall, with no component below 5.5 | 10 weeks | On campus and online options available |
| 6.0 overall, with no more than one component below 5.5, and no component below 5.0 | 12 weeks | On campus and online options available |
| 5.5 overall, with no more than one component below 5.5, and no component below 5.0 | 20 weeks | On campus |
| 5.0 overall, with no more than one component below 5.0, and no component below 4.5 | 30 weeks | On campus |
| 4.5 overall, with no more than one component below 4.5, and no component below 4.0 | 40 weeks | On campus |
If you’ve completed an alternative English language test to IELTS, we may be able to use this to assess your English language ability and determine the Pre-sessional English course length you require.
Please see our guide to Pre-sessional English entry requirements for IELTS 6.5 overall, with no component below 6.0, for further details.
Discover more about the city and University.
Liverpool bursts with diversity and creativity which makes it ideal for you to undertake your postgraduate studies and access various opportunities for you and your family.
To fully immerse yourself in the university experience living in halls will keep you close to campus where you can always meet new people. Find your home away from home.
Discover what expenses are covered by the cost of your tuition fees and other finance-related information you may need regarding your studies at Liverpool.
Have a question about this course or studying with us? Our dedicated enquiries team can help.
Last updated 28 March 2025 / / Programme terms and conditions