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 .

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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).

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• Learn more about - student finance options for UK students .
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• 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 provides a comprehensive examination of antipoverty transfers in developing countries. From the mid-1990s governments in developing countries have introduced large scale programmes providing direct transfers in cash and in kind to households in poverty with the objective of facilitating their sustainable exit from poverty. While current interest in these programmes has focused on their poverty reduction effectiveness, their medium term evolution shows they are emerging welfare institutions in developing countries. The course provides a unique opportunity to develop and apply elements of public economics, development economics, and labour economics to secure a firm understanding of the theoretical models underpinning these programmes and their practice and operational challenges. The course examines core issues of programme design, targeting, implementation, impact evaluation from an applied economics perspective..

 The main learning objectives of the course are:

1. To study the role and scope of antipoverty transfer programmes in developing countries.
2. To explore the economic models and theories of change underpinning the use of income transfers to support sustainable exit from poverty, including income maintenance, human development investment, and household resource allocation.
3. To develop an understanding, both theoretical and practical, if the design of optimal antipoverty transfer programmes including: the targeting and selection of programme participants; the structure and level of transfers; the articulation of programme components; and programme management.
4. To introduce and explore impact evaluation techniques as applied to the assessment of the effectiveness of antipoverty transfers.
5. To explore the politics and political economy conditions required to sustain poverty eradication poliycies in developing countries.

The course consists of 9 two-hour lectures and 3 two-hour seminars.

The lectures
provide an introduction and discussion of the key relevant topics.

The seminars are practical sessions focusing on imparting specific skills and
capacities on poverty measurement, on designing antipoverty transfer programmes,
and on designing and interpreting monitoring and evaluation protocols.

Course textbook

Barrientos, A. (2013), Social Assistance in Developing Countries, Cambridge:
Cambridge University Press.

Background reading

Hanlon, J., Barrientos, A., & Hulme, D. (2010). Just give money to the poor: the
development revolution from the global south. Kumarian Press.
Cecchini, S. and A. Madariaga (2011), Conditional cash transfer programmes. The
recent experience in Latin America and the Caribbean, Report LC/G.2497-P,
Santiago: ECLAC.
Fiszbein, A. and N. Schady (2009), Conditional Cash Transfers. Reducing Present and
Future Poverty, Washington DC: The World Bank.
World Bank. (2015). The State of Social Safety Nets 2015 (Report). Washington D.C.:
The World Bank.