Programme Specifications

International Finance


1 : Awarding Institution / Body
Aberystwyth University

2a : Teaching Institution / University
Aberystwyth University

2b : Work-based learning (where appropriate)


Information provided by Aberystwyth Business School:

N/A

3a : Programme accredited by
Aberystwyth University

3b : Programme approved by
Aberystwyth University

4 : Final Award
Master of Science

5 : Programme title
International Finance

6 : UCAS code
N308

7 : QAA Subject Benchmark


Information provided by Aberystwyth Business School:

QAA Subject Benchmark Statement: Master’s Degrees in Business and Management.

8 : Date of publication


Information provided by Aberystwyth Business School:

September 2023

9 : Educational aims of the programme


Information provided by Aberystwyth Business School:

The aims of the MSc International Finance programme are in line with section 1.8 of the QAA 2023 statement for master’s courses in Business and Management. The aims of the programme are:
  • To broaden and deepen knowledge and skills of advanced concepts in international finance in the context of increased interdependence of the global financial systems.

  • To develop a critical understanding of the contemporary role of the financial system in the economic process, including its potential role in facilitating economic growth, and the importance of regulating activities of financial institutions and markets domestically and internationally.

  • To critically engage with the theories, concepts and tools in financial markets, financial institutions, corporate finance, and financial analysis and decision-making.

  • To develop the skills of critical, self-reflective learning in relation to the theories, concepts, tools, and practice in the area of finance, including regulation of the activities of financial institutions.

  • To develop practical skills in the modelling of financial phenomena by applying advanced statistical and econometric techniques to financial data and interpreting the results critically.

  • To provide the knowledge and skills to facilitate independent, self-directed research in the area of finance.



10 : Intended learning outcomes


Information provided by Aberystwyth Business School:

The learning outcomes of this programme are designed to meet the expectations of the benchmarking statement laid down by the QAA for Type 3 generalist master’s awards in Business and Management. The programme provides opportunities for students to develop and demonstrate knowledge and understanding, skills, qualities and other attributes in the following areas:

10.1 : Knowledge and understanding


Information provided by Aberystwyth Business School:

Graduates have a sound theoretical grounding in the broad area of international financial markets and institutions, and will have developed a range of analytical and personal skills. They have a clear understanding of how their knowledge and skills may be used effectively as a financial manager. They are able to engage with strategic planning for the use and management of an organization’s financial resources. They will be able to collect relevant information across a range of areas pertaining to a current situation, analyse that information and synthesise it into an appropriate form in order to evaluate decision alternatives, and engage with people from different cultural backgrounds in order to raise the level of understanding of international financial management. Within the broad framework of international financial markets and institutions, it is expected that graduates will gain knowledge and develop understanding in the following areas:
  • A1 The theory, practice, and evidence on the role of financial institutions, financial instruments, and financial markets in the financial system.

  • A2 The role of the financial system within the wider economy, in the context of the global financial and economic environment.

  • A3 The key financial choices facing companies, including capital, cash, and risk management, real options, corporate governance and ownership, corporate control and financial restructuring.

  • A4 Criteria for financial decision-making by companies and individual investors, including the ethical dimension.

  • A5 Knowledge of the research methodologies available to investigate issues relating to international financial institutions, markets and systems.

  • A6 Contemporary theories and techniques in the area of international finance, including financial analysis, risk management, and financial regulation.

  • A7 Critical evaluation of empirical evidence relating to issues and phenomena in international financial markets, and corporate finance.



10.2 : Skills and other attributes


Information provided by Aberystwyth Business School:

10.2.1 Intellectual Skills

  • B1 Problem-solving: collecting relevant information relating to a current situation, analysing facts and circumstances to determine the cause of a problem, identifying and evaluating possible solutions; decision-making and selecting appropriate, sustainable solutions;

  • B2 Critical analysis: being able to think critically and be creative; managing the creative processes in self and others; organising thoughts, analysing, synthesising and critically appraising; the capability to identify assumptions, evaluate statements in terms of evidence, detect false logic or reasoning, identify implicit values, define terms adequately and generalise appropriately; the ability to implement and review decisions.

  • B3 Research: the ability to conduct research and enquiry into finance and financial market issues either individually or as part of a team through research design, the collection and analysis of qualitative and quantitative data, synthesis and reporting; analysing and evaluating a range of data, sources of information and appropriate methodologies, which includes the need for strong digital literacy, and to use that research for evidence-based, responsible and ethical decision-making; an ability to evaluate the rigour and validity of published research in business and management and assess its relevance to new situations.

  • B4 Awareness of current problems and/or new insights, much of which is at, or informed by, the forefront of the relevant field of the finance academic discipline

Learning and Teaching

Teaching/learning will take place through traditional lectures, practical modules and interactive exercises.

Assessment Strategies and Methods

The intended outcomes will be assessed via both individual and group continuous assessment, and through examination.

10.2.2 Professional practical skills / Discipline Specific Skills

  • C1 To operate effectively in a variety of team roles; performance within team environments and the ability to recognise and use individuals’ contributions in group processes and to negotiate and persuade or influence others; team selection, delegation, development and management.

  • C2 Leadership and managing change: take on leadership roles and carry them out responsibly and effectively. This includes having the capacity to recognise the need for change, the ability and proactivity to initiate change, as well as managing change.

  • C3 People management: team building, resilience and well-being, leadership and motivating others; selecting the appropriate leadership style for different situations; nurturing equality, diversity and inclusion; performance management; setting objectives, coaching and mentoring.

  • C4 Numeracy: the use of quantitative skills to manipulate data, evaluate, estimate and model finance and business problems, functions and phenomena.

Learning and Teaching

Lectures and seminars introduce the required theories and understanding to facilitate exploration of the character, contexts, practices and interpretations of the key issues while demonstrating and encouraging a critical and reflexive approach.

Assessment Strategies and Methods

The use of seminars and case studies allows students to develop their own ideas and to express, and ultimately, justify and defend them, against competing claims.



10.3 : Transferable/Key skills


Information provided by Aberystwyth Business School:

  • D1 Effective business communication: verbal and/or non-verbal communication of complex ideas and arguments, using a range of media (for example, digital media) and technology, including the preparation of reports.

  • D2 Interpersonal skills: understanding the needs of others and empathy towards them; sensitivity to diversity in people and inclusivity in different situations.

  • D3 The ability to work collaboratively and inclusively with both internal and external stakeholders with professional integrity

Learning and Teaching

Most of the key transferable skills form an integral part of the overall assessment of the degree scheme

Assessment Strategies and Methods

Skills are assessed directly throughout the degree programme as well as informally assessed through coursework and projects including part two of the programme.



11 : Program Structures and requirements, levels, modules, credits and awards



MSC International Finance [N308]

Academic Year: 2024/2025 scheme - available from 2019/2020

Duration (studying Full-Time): 1 years

Part 1 Rules

Year 1 Core (160 Credits)

Compulsory module(s).

Semester 1
ABM1220

International Financial Markets and Investments

ABM1320

Advanced Corporate Finance

ABM1420

Financial Research Methods

Semester 2
ABM1120

Financial Analysis and Decision Making

ABM1820

International Finance and Capital Markets

Semester 3
ABM1960

Dissertation

Year 1 Options

Choose 20 credits

Semester 2
ABM1520

Banking and Financial Intermediation

ABM1620

Portfolio Analysis and Management


12 : Support for students and their learning
Every student is allocated a Personal Tutor. Personal Tutors have an important role within the overall framework for supporting students and their personal development at the University. The role is crucial in helping students to identify where they might find support, how and where to seek advice and how to approach support to maximise their student experience. Further support for students and their learning is provided by Information Services and Student Support and Careers Services.

13 : Entry Requirements
Details of entry requirements for the scheme can be found at http://courses.aber.ac.uk

14 : Methods for evaluating and improving the quality and standards of teaching and learning
All taught study schemes are subject to annual monitoring and periodic review, which provide the University with assurance that schemes are meeting their aims, and also identify areas of good practice and disseminate this information in order to enhance the provision.

15 : Regulation of Assessment
Academic Regulations are published as Appendix 2 of the Academic Quality Handbook: https://www.aber.ac.uk/en/aqro/handbook/app-2/.

15.1 : External Examiners
External Examiners fulfill an essential part of the University’s Quality Assurance. Annual reports by External Examiners are considered by Faculties and Academic Board at university level.

16 : Indicators of quality and standards
The Department Quality Audit questionnaire serves as a checklist about the current requirements of the University’s Academic Quality Handbook. The periodic Department Reviews provide an opportunity to evaluate the effectiveness of quality assurance processes and for the University to assure itself that management of quality and standards which are the responsibility of the University as a whole are being delivered successfully.