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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2013/2014
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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Microfinance (CMSE11180)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) Credits15
Home subject areaCommon Courses (Management School) Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionAn 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.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Additional Costs None
Information for Visiting Students
Pre-requisitesNone
Displayed in Visiting Students Prospectus?No
Course Delivery Information
Delivery period: 2013/14 Semester 2, Available to all students (SV1) Learn enabled:  Yes Quota:  None
Web Timetable Web Timetable
Course Start Date 13/01/2014
Breakdown of Learning and Teaching activities (Further Info) Total Hours: 150 ( Lecture Hours 19, Seminar/Tutorial Hours 8, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 3, Directed Learning and Independent Learning Hours 118 )
Additional Notes
Breakdown of Assessment Methods (Further Info) Written Exam 70 %, Coursework 30 %, Practical Exam 0 %
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.
Assessment Information
Exam 70%
Assignment 30%
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.
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)
Study Abroad Not entered
Study Pattern Not entered
Keywordsbanking, risk
Contacts
Course organiserDr Galina Andreeva
Tel: (0131 6)51 3293
Email: Galina.Andreeva@ed.ac.uk
Course secretaryMiss Malgorzata Litwinska
Tel: (0131 6)51 3028
Email: Maggie.Litwinska@ed.ac.uk
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