This is a new course that will start in January 2021. The course will be fully taught online.
The new Postgraduate Certificate programme in Money, Banking and Central Banking focuses on the changes in the banking and financial markets during and since the Global Financial Crisis as well as the changes made by major central banks in the running of their monetary policies since then. Particular emphasis will be given to the policy responses given to Covid-19 crisis by governments and central banks and assessing their effects over the medium to the long term.
Banks and central banks play a pivotal role in ensuring that modern monetary economies function soundly. The 2008-09 Global Financial Crisis was a powerful reminder of how important it is to understand their functioning and operations, and the relationship between the quantity of money and the overall economy. The study of these institutions will be essential to assess the impact of the monetary and fiscal policies taken by leading world economies since March 2020.
Unlike any other programme in the UK, ours emphasises the importance of high quality monetary and banking analysis, allowing our students to assess which policies are compatible with stable economic growth and long term financial stability.
Our students will leave with expert knowledge of monetary economics, monetary policy, risk assessment and how financial institutions operate. They will be equipped with the specialised knowledge and skills required for a career in central banking as well as monetary analysis expertise suitable for pursuing a career in consultancy businesses, research departments and specialised media.
The collaboration with the Institute of International Monetary Research will provide more opportunities to engage in academic and research seminars where students will learn from top academics in monetary economics. Students on the programme will be able to benefit from the accreditation on risk management provided by PRMIA, the Professional Risk Managers’ International Association.
We offer two entry points, one in September and one in January.
The programme consists of the following modules:
Central Banking (1): History, Strategies and Operations (15 credits) – Learning the theoretical and analytical tools required to understand central bank roles and policy strategies
Central Banking (2): Monetary Policy and Financial Stability (15 credits) – Identifying how monetary policy is designed and implemented in modern economies
The Central Bank, The Banking System and the Macroeconomy (15 credits) – Analysing how money is created in modern economies and how changes in the amount of money affect prices and output along the cycle
Banking Risk Management (15 credits) – Learning about bank risk assessment and changes in bank regulation
Students will have the option to study for an accreditation in financial risk management with the Professional Risk Managers’ International Association (PRMIA), ideal for those interested in entering the risk management industry and banking.
The programme covers fundamental concepts of the risk management profession and has become a well-known benchmark in this market both in the UK and in the rest of the world.
The teaching staff of our master’s programme will offer extra academic support to the students who opt to take the exam. The PRM certificate course is covered. The exam fee, however, needs the exam fee needs to be covered by those taking the exam.
This certificate will put students seeking a career in the financial and banking services industries at a considerable advantage.
The Institute of International Monetary Research
Established in 2014 in the aftermath of the Great Financial Crisis of 2007-2009, the Institute of International Monetary Research (IIMR) is an educational charity that aims to bring to public attention the strong relationship between the quantity of money on the one hand and inflation and the levels of national income and expenditure on the other.
The Institute is heavily involved in the teaching of the programme. The Institute also produces research in the form of edited volumes and research papers that will inform students about the key debates in academia and financial markets. In addition, IIMR organises research seminars and other specialised events. At these events, students have the opportunity to learn from top academics, regulators and practitioners of monetary economics, both from the UK and overseas. Since Spring 2020, these events are offered online to our students via webinar.
You can visit the IIMR website and find out more about their research and events at https://mv-pt.org/
Find out more
If you would like to find out more about the course and / or discuss your eligibility, please complete the short form below and we’ll contact you as soon as we can:
The minimum entry level required for this course is as follows:
a first or second class honours degree from a recognised university
a recognised professional qualification with relevant work experience
Age is no barrier to learning and we welcome all applications from suitably qualified students.
Wherever possible, you will be invited to the University to meet the Admissions Tutor for an informal interview and to have a tour of our campus. If you are an international applicant, it may not be possible for you to visit in person, so if the Admissions Tutor has any queries about your application you may be conducted by skype, email or phone.
Initial enquiries and face-to-face appointments are also welcomed by the Directors of the degree, Dr Juan Castaneda firstname.lastname@example.org and Dr Ali Kabiri email@example.com.
The Admissions Team for Business Humanities would be happy to answer any questions you may have:
Terms and conditions for prospective students
When you are offered a place at the University you will be notified of the terms and conditions between the University and students on our courses of study. When you accept an offer of a place on the course at the University a legal contract is formed between you and the University on the basis of the terms and conditions outlined in your offer letter. Your offer letter and the terms and conditions contain important information which you should read carefully before accepting any offer. Read the admissions terms and conditions > >
The Money, Banking and Central Banking programme is taught by leading monetary and banking academics and market practitioners. Amongst other members of the staff, students will benefit from having Professors Geoffrey Wood and Tim Congdon and Brandon Davies as members of the teaching team, each with a recognised career in this field and with experience in providing consultancy and expert advice at the highest governmental policy level in the UK and abroad. In addition, students will benefit from having access to guest lectures/webinars by international experts in the field.
The teaching of the programme will be fully online. Each subject will be covered by video or audio lectures specifically designed for each module. In addition, there will be online weekly tutorials via Microsoft Teams, where the students will discuss the topics of each week and go through case-studies and real-life examples on the topics addressed in the lectures. These sessions are key to maintaining regular communication and interaction with our students. Additional online tutorials will be available as required to provide detailed feedback from module tutors.
Assessment will be entirely made by the submission of coursework to our Virtual Learning Platform.A list of topics will be offered to the students at the start of term on each course. The final mark in the course will be given by the drafting of the proposal (20%) and the essay at the end of term (80%). There will be no final examination.
Upon completion of the PG Certificate, should you want to specialise further in this field, you can apply for the MSc in Money, Banking and Central Banking.
Our students will leave with expert knowledge of monetary economics, monetary policy, risk assessment and how financial institutions operate. They will be equipped with the specialised knowledge and skills required for a career in central banking, as well as monetary analysis suitable to pursue a career in consultancy businesses, investment banking, research departments and specialised media.
“When studying Money, Banking and Central Banking at the University of Buckingham, students receive constant guidance and support. Proof of that is the continued support I have received after graduating to obtain my certificate as an Associate Professional Risk Manager” – David Orozco (MSc student in Money, Banking and Central Banking, 2019)
Please note that the University of Buckingham has four terms per year. The tuition fees quoted are for the degree (e.g. if you start a degree at Buckingham in January 2019, you will pay the same termly fee for the duration of your degree – you will not be affected by the price increase in September 2020). Students will pay the same termly fee for the duration of their studies, unless studies are interrupted and resumed later. The tuition fee quoted is therefore the total cost of the degree. Fees are normally paid in termly instalments.
A new system of postgraduate loans for Masters degrees in the UK was introduced in August 2016 with support from the UK Government. The loan will provide up to £10,609 for taught and research Masters courses in all subject areas. The loans can be used for tuition fees, living expenses or both. Find out more >>
Postgraduate first-class scholarship
A first-class scholarship is available to both home and international students studying a taught postgraduate degree at the University. The scholarship will reduce tuition fees by 33%. The scholarship will be automatically awarded to applicants who already have a first class honours degree that is recognised to UK standard.
Details of other scholarships can be found on our main Bursaries and Scholarships page. You should make an application to study at the University and receive an offer letter confirming our acceptance of your application before applying for a scholarship.
You can apply directly using our online application form – all you need to do is click the ‘apply’ button at the bottom of this page.
Help and support
If you need any help making your application or if you have any questions, please don’t hesitate to get in touch using the form below, or by phone on +44 (0)1280 820227. We are available between 09:00 and 17:00, Monday to Friday.