MSc Development Finance

Fees for entry in 2027 have not yet been set. For reference, the fees for the academic year beginning September 2026 were as follows:

• MSc (full-time)
  UK students (per annum): £15,200
  International, including EU, students (per annum): £31,500

The fees quoted above are fully inclusive of tuition, administration and computational costs.

Fees for entry are subject to yearly review. The University reserves the right to increase your tuition fee by up to 7% each year for courses lasting more than one year, including to reflect rising costs associated with delivering our educational and wider student experience. Postgraduate fees information .

Always contact the admissions team if you are unsure which fee applies to your qualification award and method of attendance.

International student CAS deposit

Self-funded international applicants are required to pay a deposit of £2500 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. Some applicants will be required to pay a higher deposit. More information on tuition fee deposits .

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

We know that student finance can be complicated. The links below provide further information to help guide you.

• Learn more about - student finance options for UK students .
• Learn more about - fees and finance for international students .
• Graduates of The University of Manchester and Manchester Metropolitan University can receive a 10% discount on their master's degree tuition fees as part of our Manchester Alumni Loyalty Discount scheme.

The course will cover both the theories and applications of economic growth, stabilisation policies, and open economy macroeconomics. It will place equal emphasis on understanding the underlying theoretical frameworks and applying them to real-world economic contexts.

The objective of the unit is to provide students with a rigorous analysis of the fundamental concepts of international macroeconomics as well as to theories of economic growth.

Knowledge and understanding
Students will have a good understanding of the theoretical foundations of the main growth theories and the differences among them. They will be equipped with the skills to apply these theories to real-world experiences of different economies and will be able to analyse the impact of different policies on economic growth using the main theories of economic growth. 
In addition, students will be able to analyse the impact of different stabilisation policies. Students will also develop an understanding of how governments respond to macroeconomic shocks, such as those arising from pandemics (e.g. COVID-19), climate change, and natural disasters. 
Students will have a good understanding of the basic concepts of international macroeconomics, such as the determinants of short-term and long-term foreign exchange rates; the relationships between exchange rates, prices, and output; fixed exchange rate regimes; and currency and financial crises.
 

Intellectual skills 
Students will be able to provide an analytical discussion of the concepts of international macroeconomics and apply them to the analysis of macroeconomic policies of different countries.

Lecture and tutorial based.

Helpman, Elhanan, The mystery of economic growth, Cambridge, Mass. ; London : Belknap Press of Harvard University Press, 2004,

Agenor , P-R. The economics of adjustment and growth, Cambridge, Mass.: Harvard University Press 2nd edition, 2004.

Rodrik, Dani, In search of prosperity : analytic narratives on economic growth, New Jersey, USA : Princeton University Press 2003.

Krugman, P.R., and Obstfeld M., International economics, theory and policy, Addison Wesley Longman, Inc. 8th edition, 2009.

Information
GDI Programmes on which course unit is offered:
MSc DEP (core), MSc DF, MSc PPM, MSc ID: PID

Timetable

10 x 2 hours lectures a week, 5 tutorial sessions

Revision lecture - 2 hours

Stata lab sessions