Postgraduate Course: Microfinance (CMSE11180)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Credits | 15 |
| Home subject area | Common Courses (Management School) |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| Course description | An optional component in the new MSc Banking and Risk degree.
Both the FSA and banks are hiring graduates with specialised skills to help them evaluate and manage risks better and this degree provides such skills.
Microfinance is the range of financial products that are provided in large rural parts of of emerging markets (e.g. China, India, Bangladesh). Managers in banks in these regions would wish to have an understanding and knowledge of the structure of the microfiance industry, the issues when making a decision to enter such a credit market, the regulations associated with the industry and the policy debate surrounding whether enhancing supply is socially desirable. This course provides such knowledge and understanding.
The other courses on the degree concern the structure of banking and the assessment of risk essentially in developed economies. This course complements these courses by considering finance to the poor in emerging markets.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
| Additional Costs | None |
Information for Visiting Students
| Pre-requisites | None |
| Displayed in Visiting Students Prospectus? | No |
Course Delivery Information
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| Delivery period: 2012/13 Semester 2, Available to all students (SV1)
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Learn enabled: Yes |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| No Classes have been defined for this Course |
| First Class |
First class information not currently available |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
1. Knowledge and Understanding
After successfully completing the course the student will
&· understand the policy debate about whether microfinance should be encouraged in emerging markets
&· understand sources of market failure in credit markets in emerging markets
&· understand how certain lending practices minimise moral hazard in such markets
&· have a knowledge of the emerging structure of inclusive finance in emerging markets
2. Cognitive Skills
On successful completion of the course a student will be able to
&· contrast methods of reducing agency loss in emerging markets credit markets;
&· synthesise reviews of research on specific topics;
&· critically review policy arguments.
3. Professional/subject specific/practical skills
On completion of the course a student will be able to
&· comment from an informed position on the debate concerning the social desirablility of microfinance
4. Transferable skills
During the course a student will develop skills to
&· be able to manage their study time effectively
&· have developed ways of efficiently using library resources.
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Assessment Information
Exam 70%
Assignment 30%
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Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
A two hour lecture on each of the following topics
&· Why Microfinance is needed. potential customers. products available
&· Market failures in credit markets
&· Group Lending and newer methods of lending
&· Corporate choices
&· Structure of the emerging industry of inclusive finance
&· Managing microfinance
&· Socially responsibility issues
&· Case Studies 1 Banking models
&· Case Studies 2 Financial Models
&· Case Studies 3 Social responsibility
plus 4 one hour tutorials.
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| Transferable skills |
Not entered |
| Reading list |
Essential Reading for each lecture is given above. Two books that will be frequently referred to :
E. Rhyne (2009) Microfinance for Bankers and Investors: Understanding the Opportunities and Challenges of the Market at the bottom of the Pyramid. McGraw hill
(£28.89)
Armendariz de Aghion, B. and Morduch, J (2005) The Economics of Microfinance. London:MIT Press. (£34.95)
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| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | banking, risk |
Contacts
| Course organiser | Prof Jonathan Crook
Tel: (0131 6)50 3802
Email: j.crook@ed.ac.uk |
Course secretary | Ms Eileen Robinson
Tel: (0131 6)51 3028
Email: eileen.robinson@ed.ac.uk |
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© Copyright 2012 The University of Edinburgh - 31 August 2012 3:46 am
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