We are offering £1000
of funding for UK/EU students applying to this
Masters programme starting in September 2017. See:
Smith Business School Welcome Awards.
This programme is designed for economics graduates who would like to develop an understanding of the nature of the differing institutional settings of financial systems in various developed and developing countries.
- You will develop tools to evaluate the problem of moral hazard in relation to international rescue operations and recognise factors that may lead to the emergence of banking and currency crises and other sources of serious economic instability.
- You will be taught by leaders in the field, many of whom have worked with international and government organisations including the IMF, World Bank, UN, Commonwealth Secretariat, central banks and government organisations in developing countries.
- The University of Glasgow Adam Smith Business School celebrates the legacy of Adam Smith by developing enlightened, enterprising and engaged graduates and internationally-recognised research with real social impact.
You will take three core courses, three optional courses and complete a substantial independent piece of work, normally in the form of a dissertation.
- Growth and development
- Money, finance and growth
- Financial institutions and markets in developing countries.
- Aid and development
- Basic econometrics
- Behavioural economics: theory and applications
- Development policy
- Economics of inequality and deprivation
- Environmental economics
- Foreign direct investment and development
- IMF, World Bank and economic growth
- International finance and money
- International macroeconomics and policy
- International trade
- Introduction to normative economics
- Project planning, appraisal and implementation
- The EU in international politics and development (Politics)
- The law and economics of sovereign debt regulation.
The Adam Smith Business School gives students access to a Bloomberg Trading Room. These are used by asset management companies, investment banks, hedge funds, banks and central banks to analyse, price and trade, in real time, stocks, bonds, derivatives and almost every type of financial instrument. You will have the opportunity to apply theory in the same way (using the same tools) as traders and risk managers in large financial institutions. In doing so, you will acquire highly transferable knowledge and enhance your employability.
Our exclusive computer labs feature specialist financial and statistical software programmes, including Matlab (useful for manipulating large datasets), EViews and OxMetrics Enterprise.
Students also have access to The Adam Smith Library, a dedicated resource designed for students studying Social Sciences disciplines.
Our International Student Learning Officer for the College of Social Sciences runs a series of classes for international students on topics such as academic writing and also provides information for international students online.
Konstantin Pagonas, Greece (2012-13)
‘I chose the University of Glasgow due to its reputation. The most enjoyable part of the programme was the good support I received from lecturers, supervisors and staff. Outwith my studies I enjoyed rowing with the Glasgow University Boat Club.’
Ayodeji E Ogedengbe (2008-2009)
'If anyone is looking for a school with a reputation that is unbeatable, then the University of Glasgow is the place to be. With a friendly atmosphere, you have the best opportunity to be connected to your future prospects. The amazing thing that I find very interesting is the ready-made support you receive on any kind of issue you can think of by professionals and it comes right on time. I think this experience is one of the best things that has happened to me. Glasgow is the best place for studies because everything that makes you comfortable is accessible.'
Morolake Marcelyn Olagbemi (2008-2009)
'I am glad to have this golden opportunity to study in the University of Glasgow. It is a place for academic excellence with highly-skilled and friendly staff in a very conductive environment. I would gladly recommend the University to anyone because of its international reputation and value for money.'
Syed Kazim (2007-2008)
'Studying on the MSc Finance and Economic Development was useful for enhancing my research skills as well as my interest which seemed missing from my first degree.'
The Adam Smith Business School is one of an elite group of less than 1% of the world’s business schools that hold triple accreditation. The School is accredited by AACSB and EQUIS, with the MBA programme also accredited by AMBA. Triple accreditation is an internationally recognised benchmark that validates the credibility and performance of the Adam Smith Business School.
The AACSB Accreditation Process includes rigorous self-evaluation and peer-review elements. The Adam Smith Business School meets all of AACSB’s Accreditation Standards and was first awarded the accreditation in 2007.
EQUIS accreditation is one of the most important benchmarks available to business schools worldwide. Institutions that are accredited by EQUIS must demonstrate not only excellence in teaching, the student experience, research and outreach, but also a high degree of internationalisation and interaction with the corporate world.
This programme will prepare you for careers in teaching or research in the field of economic development or the areas covered in optional courses, working in economic development as a government official, or in international agencies or in other organisations concerned with economic development.
Our dedicated College of Social Sciences Employability Officer works with students to enhance their employability.
for entry in 2017
2.1 Honours degree or non-UK equivalent (eg, a GPA of 3.0 or above) in Economics or Finance, or a related disciple, with at least 3 credit-bearing modules in Economics, Finance and/or Development.
International students with academic qualifications below those required should
contact our partner institution, Glasgow International College, who offer a range of pre-Masters courses.
For applicants whose first language is not English, the University sets a minimum English Language proficiency level.
International English Language Testing System (IELTS) Academic module (not General Training):
- overall score 6.5
- two sub-tests no less than 6.5, no sub-test less than 6.0
- or equivalent scores in another recognised qualification:
Common equivalent English language qualifications
All stated English tests are acceptable for admission for both home/EU and international students for this programme:
- ibTOEFL: 90; no sub-test less than:
- Reading: 20
- Listening: 19
- Speaking: 19
- Writing: 23
- CAE (Cambridge Certificate of Advanced English): 176 overall; no sub-test less than 169
- CPE (Cambridge Certificate of Proficiency in English): 176 overall; no sub-test less than 169
- PTE Academic (Pearson Test of English, Academic test): 60; no sub-test less than 59
- Trinity College London Integrated Skills in English: ISEII at Distinction with Distinction in all sub-tests
For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept an IELTS test (Academic module) from any of the 1000 IELTS test centres from around the world and we do not require a specific UKVI IELTS test for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.
The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:
What do I do if...
my language qualifications are below the requirements?
The University's English for Academic Study Unit offers a range of Pre-Sessional Courses to bring you up to entry level. The course is accredited by BALEAP, the UK professional association for academic English teaching; see Links.
my language qualifications are not listed here?
Please contact the Recruitment and International Office: firstname.lastname@example.org
For further information about English language requirements, please contact the Recruitment and International Office: email@example.com
Tuition fees for 2017-18
|Home and EU|
|Full time fee||£7700|
|Full time fee||£17250|
Fees are subject to change and for guidance only
The University requires a deposit of £1000 to be paid by International (beyond the EU) applicants in receipt of an offer to this programme.
The University requires a deposit to be paid by International (beyond the EU) applicants in receipt of an offer to this programmes and who require a Certificate of Acceptance for Studies (CAS) from the University in order that they can apply for a student visa. This is required where the programme is competitive and the deposit is required in order to demonstrate your commitment to attend the programme should you meet all the conditions of your offer.
If you are made an offer for this programme the University will write to you and request a deposit with information on how to pay your deposit and the deadline for making the deposit payment. Please note that if you are unable to pay a deposit because you are planning to fund your studies through an official financial sponsor then you should upload a copy of your scholarship application or award letter to your application by the deadline date.
The following guidelines will apply in determining whether or not a deposit will be refunded. Where the deposit is refunded, a 10% handling fee will be deducted.
Deposits WILL be refunded to applicants under the following circumstances:
- Where the University is unable to offer you a place.
- Where the applicant has personal circumstances such as illness, bereavement or other family situations that has prevented them coming to the UK. Medical or other proof may be requested.
- Applicant can prove that they have applied for a visa to attend the University of Glasgow, but the VISA has been refused. The applicant must have shown ‘real intent' to study at the University of Glasgow but has been unable to obtain their visa.
- Applicant does not meet his / her conditions of offer: this may be academic or language test requirements. Satisfactory evidence must be uploaded to the student’s online application to prove that they have not met the conditions of their offer (note that applicants who do not meet the language condition of their offer must show reasonable attempt to meet this, i.e. they must provide a language test which was taken after the date that the deposit was paid).
Deposits WILL NOT be refunded to applicants under the following circumstances:
- Applicant decides to go to another institution.
- Applicant cannot be released from work to study at the University of Glasgow.
- Applicant does not send completed documentation as requested in the condition of the offer: this may be required in order to prove that the offer has not been met for academic or language test conditions - failure to respond to requests for this information will result in no refund.
- Applicant has not secured funding to attend the University of Glasgow: this may be as a result of not being successful in applications for scholarships, OR simply not having sufficient funds in bank at time of visa application. This condition will apply unless it can be proven that there are clear mitigating circumstances which have significantly changed the applicant’s position since the time of application.
- Applicant has decided to defer – in this situation the University will retain the deposit and credit it against the applicant’s account for securing their place for the following year of entry.
Refund requests must be made by 30th October, 2016: requests made after this date will be subject to discretion.
- Fee for submission by a research student: £460
- Fee for re-assessment of a dissertation (PGT programme): £300
- Submission for a higher degree by published work: £1,000
- Submission of thesis after deadline lapsed: £200
- Submission by staff in receipt of staff scholarship: £680
- Research students registered as non-supervised Thesis Pending students (50% refund will be granted if the student completes thesis within the first six months of the period): £260
- Registration/exam only fee: £110
- General Council fee: £50
A 10% discount is available to University of Glasgow alumni applying to the
MSc. This includes graduates and those who have
completed a Junior Year Abroad, Exchange programme or International Summer School at
the University of Glasgow. The discount is applied at registration for students who
are not in receipt of another discount or scholarship funded by the University. No
additional application is required.
We ask that you apply online for a postgraduate taught degree. Our system allows you to fill out the standard application form online and submit this to the University within 42 days of starting your application.
You need to read the guide to applying online before starting your application. It will ensure you are ready to proceed, as well as answer many common questions about the process.
Do I have to apply online for a postgraduate taught degree?
Yes. To apply for a postgraduate taught degree you must apply online. We are unable to accept your application by any other means than online.
Do I need to complete and submit the application in a single session?
No. You have 42 days to submit your application once you begin the process. You may save and return to your application as many times as you wish to update information, complete sections or upload additional documents such as your final transcript or your language test.
What documents do I need to provide to make an application?
As well as completing your online application fully, it is essential that you submit the following documents:
- A copy (or copies) of your official degree certificate(s) (if you have already completed your degree)
- A copy (or copies) of your official academic transcript(s), showing full details of subjects studied and grades/marks obtained
- Official English translations of the certificate(s) and transcript(s)
- Two supporting reference letters on headed paper
- Evidence of your English Language ability (if your first language is not English)
- Any additional documents required for this programme (see Entry requirements for this programme)
- A copy of the photo page of your passport (Non-EU students only)
If you do not have all of these documents at the time of submitting your application then it is still possible to make an application and provide any further documents at a later date, as long as you include a full current transcript (and an English translation if required) with your application. See the ‘Your References, Transcripts and English Qualification’ sections of our Frequently Asked Questions for more information.
Do my supporting documents need to be submitted online?
Yes, where possible, please upload the supporting documents with your application.
How do I provide my references?
You must either upload the required references to your online application or ask your referees to send the references to the University as we do not contact referees directly. There is two main ways that you can provide references: you can either upload references on headed paper when you are making an application using the Online Application (or through Applicant Self-Service after you have submitted your application) or you can ask your referee to email the reference directly to firstname.lastname@example.org. See the 'Your References, Transcripts and English Qualifications' section of the Frequently Asked Questions for more information.
What if I am unable to submit all of my supporting documents online?
If you cannot upload an electronic copy of a document and need to send it in by post, please attach a cover sheet to it that includes your name, the programme you are applying for, and your application reference number.
You may send them to:
Marketing, Recruitment & International Office
71 Southpark Avenue
Fax: +44 141 330 4045
Can I email my supporting documents?
No. We cannot accept email submissions of your supporting documents.
What entry requirements should I have met before applying? Where can I find them?
You should check that you have met (or are likely to have met prior to the start of the programme) the individual entry requirements for the degree programme you are applying for. This information can be found on the ‘entry requirements’ tab on each individual programme page, such as the one you are viewing now.
What English Language requirements should I have met before applying? Where can I find them?
If you are an international student, you should also check that you have met the English Language requirements specific to the programme you are applying for. These can also be found on the ‘entry requirements’ tab for each specific programme.
Please see the Frequently Asked Questions for more information on applying to a postgraduate taught programme.
Guidance notes for using the online application
These notes are intended to help you complete the online application form accurately, they are also available within the help section of the online application form. If you experience any difficulties accessing the online application then you should visit the Application Troubleshooting/FAQs page.
- Name and Date of birth: must appear exactly as they do on your passport. Please take time to check the spelling and lay-out.
- Contact Details: Correspondence address. All contact relevant to your application will be sent to this address including the offer letter(s). If your address changes, please contact us as soon as possible.
- Choice of course: Please select carefully the course you want to study. As your application will be sent to the admissions committee for each course you select it is important to consider at this stage why you are interested in the course and that it is reflected in your application.
- Proposed date of entry: Please state your preferred start date including the month and the year. Taught masters degrees tend to begin in September. Research degrees may start in any month.
- Education and Qualifications: Please complete this section as fully as possible indicating any relevant Higher Education qualifications starting with the most recent. Complete the name of the Institution (s) as it appears on the degree certificate or transcript.
- English Language Proficiency: Please state the date of any English language test taken (or to be taken) and the award date (or expected award date if known).
- Employment and Experience: Please complete this section as fully as possible with all employments relevant to your course. Additional details may be attached in your personal statement/proposal where appropriate.
- References: Please provide the names and contact details of two academic references. Where applicable one of these references may be from your current employer. References should be completed on letter headed paper and uploaded on to your application.
International applications (non-EU) deadline
There is high demand for places on this programme. The University recognises that applicants from all geographical regions cannot complete and submit their applications at the same time and, to ensure fairness for international applicants, a two deadline process has been established:
- Application phase 1 deadline: 15 December 2016
- Application phase 2 deadline: 31 March 2017
All international applications submitted before 15 December 2016 will be reviewed and processed normally with no priority given to any geographic region.
Between 16 December 2016 and 31 March 2017, priority will be given to applications which come from geographic areas which have been unable to submit applications before that point.
Please note that international applications received after 31 March 2017 may be considered for some programmes following a review of available places.
UK and EU Application Deadline
Classes start September 2017 and you may be expected to attend induction sessions the week before.
A fee of £25 per application must be paid by all applicants to this programme. The application fee will be requested when you apply online and it can be paid using your credit or debit bank card.
The application fee is non-refundable so it is important that you check any specific entry requirements for the programme. If you are applying with qualifications from outside the UK then you should check the postgraduate taught entry requirements for your country: see International students: In your country
Applicants who are sponsored may have the application fee waived at the point of applying online. However if the sponsorship status changes before the student registers with the University and the student is self-funding the University reserves the right to invoice the student for the initial application fee.
Find out more about Application fees