2012 cbs specialist masters prospectus

www.cardiff.ac.uk/carbs

Cardiff Business SchoolSpecialist Masters Programmes

2011 Specialist Masters AW.indd 1 29/07/2011 12:39

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Cardiff Business School: Ranked amongstthe Best Business Schools in the UK

Cardiff Business School has an international reputation for its research excellence. The latest UK Government Research Assessment Exercise has ranked the School fourth in the UK in terms of its research quality.

70% of the School’s research is ranked either ‘world-leading’ or ‘internationally excellent’. The School is ranked 2nd in the UK in terms of the proportion of its research which is ‘world-leading’ (the highest possible category), placing it second only to London Business School. The School uses research-led teaching across its full portfolio of Specialist Masters programmes. This means that our faculty members teach students the cutting-edge expertise needed to forge a successful career.

University Business Schools 1st London Business School2nd Imperial College3rd Cambridge4th Cardiff5th Warwick Lancaster Bath LSE Oxford King’s College London11th Strathclyde Manchester Leeds Nottingham15th CranfieldSource: Times Higher Education

Research Assessment Exercise 2008

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A Reputation for Excellence Cardiff Business School is ranked 4th in the UK for its research excellence, according to the UK Government’s Research Assessment Exercise.

A Global School in the UKThe faculty of Cardiff Business School hail from 28 countries, while students and alumni come from over 120 countries, reflecting the School’s global approach to its work and its international stature. The School collaborates with other leading universities overseas, with its most recent Memorandum of Understanding being forged with the University of International Business and Economics (UIBE), in Beijing.

World Class FacultyThe School attracts world-class faculty, including 54 full professors, who occupy key positions in the leading international business and research associations and membership bodies and are on the editorial review boards of many of the leading academic journals.

At the Frontier of Business Decision MakingThe School contributes to both policy and practice on a local, national and international level, with research informing organisations such as the Foreign and Commonwealth Office, the United Nations, the Treasury, the Department for Trade and Industry and the Department for Communities and Local Government and working on consultation projects for blue-chip, global firms.

An Excellent Learning EnvironmentThe School has a community of over a thousand postgraduates undertaking Specialist Masters programmes and our MBA. The diversity of our student body directly informs teaching and experiences are shared from all over the globe. Our Trading Room is an exciting new facility which provides students with practical experience of working with the Stock Exchange, both in formal lessons and as an extra-curricular activity, providing valuable career skills. The weekly ‘Financial Forum’ provides the opportunity to learn more about the financial markets.

In excess of £160 million has been invested to provide modern and well-equipped facilities, ensuring a first-class environment in which to live and study.

Cardiff is one of the few UK universities to provide a dedicated facility for postgraduate students. The Graduate Centre offers additional academic and social facilities and a centre for the broader postgraduate community.

Excellence in TeachingIn the last Teaching Quality Assessment exercise, teaching at Cardiff Business School was assessed as ‘excellent’. The knowledge, experience and research of our ‘world leading’ faculty underpins our teaching on all our postgraduate programmes, informing our students of valuable ideas and practices at the frontier of global business developments.

A Career Head-startGraduates of the School are placed on excellent career tracks across the range of business and management careers in firms and government organizations. Regular recruiters of our students, to name a few, include KPMG, PriceWaterhouseCoopers, Deloitte, HSBC, JPMorgan Chase, Morgan Stanley and Unilever.

One of the Best Universities in the UKThe School is part of Cardiff University, itself a Russell Group institution (the UK’s equivalent to the North American Ivy League).

An Attractive LocationThe University is based in and around Cardiff’s magnificent city centre, alongside the National Museum and Galleries of Wales, and boasts much fine parkland. A compact campus means that the town centre, Students’ Union, Business School and Halls of Residence are in easy walking distance of each other.

The Capital City AdvantageThe fastest growing capital in Europe, Cardiff is two hours by train to London and has recently been named the most desirable city in which to live and work in the UK. This dynamic city environment boasts the Millennium Stadium, the National Assembly for Wales, the cultural Wales Millennium Centre and hosts major sporting events, world class concerts, film festivals and much more.

Why Cardiff Business School?01

01 Students outside the new Julian Hodge Building.

Introducing Cardiff Business School


01


www.cardiff.ac.uk/carbsWhy Cardiff Business School? Welcome

Cardiff Business School: An Education for Life

Here at Cardiff we have been providing a business education for some 140 years: a heritage of which we are proud and through which we have developed a reputation as one of the leading business and management schools in the UK. Our purpose at Cardiff Business School is to provide an education for life. We give our students the analytical and business skills that will stay with them for a lifetime, helping them to progress in their careers and contribute to society. We are currently ranked 4th in the UK for the quality of our research, according to the Research Assessment Exercise undertaken by the UK government. In terms of the proportion of research categorised as ‘world-leading’, we are 2nd in the UK.

Our faculty members bring their research expertise to the classroom. The knowledge, experience and research of my colleagues underpins the teaching on all of our postgraduate programmes, informing our students of valuable ideas and practices at the frontier of global business developments.

The School is constantly developing. We were among the first to provide a Master of Business Administration programme and continue to update and to innovate within our suite of postgraduate degree programmes, equipping tomorrow’s business people with cutting-edge expertise.

Our programmes challenge students academically whilst giving them the knowledge needed to succeed in a global business arena. We provide dedicated careers support throughout the course of your studies and once you graduate. Facilities like the School’s Trading Room help to enhance your skills, and our annual careers programme gives you the opportunity to network with recruiters from leading international firms.

As a postgraduate student at Cardiff Business School, you will contribute to a vibrant community of over a thousand graduates from over 60 countries. In addition to the seminars, lectures and workshops you attend as part of your programme, you will be invited to attend guest lectures given by the internationally renowned scholars and policy makers who visit us. The whole spectrum of activities offered by the Students’ Union and Graduate Centre will be open to you to enjoy, and all of the resources of Cardiff University will benefit you both when you study with us and when you become one of our alumni when you leave.

Our students find living and studying in Cardiff, itself a friendly and prospering city, to be both rewarding and enjoyable. I hope that this brochure provides you with the information that you need to join us at Cardiff. I wish you every success with your studies and look forward to welcoming you to our School in the future.

Professor George BoyneDean

03 Welcome from the Dean04 Cardiff: The City06 Cardiff: The University08 Your Environment10 The Graduate Centre11 Accommodation12 International Appeal14 Careers16 Learning with Us

Degree Programmes18 MSc in Finance22 MSc in Accounting and Finance24 Economics Degree Programmes26 MSc in International Economics, Banking and Finance27 MSc in Financial Economics28 MSc in International Economics and Public Policy29 MSc in Economics30 MSc in Human Resource Management32 Transport and Maritime Degree Programmes34 MSc in International Transport35 MSc in Marine Policy35 Diploma in Port and Shipping Administration37 MSc in Logistics and Operations Management38 MSc in Strategic Marketing40 Master of Public Administration (MPA)

42 Research at Cardiff Business School43 Entry Requirements, Fees and Award of Degree44 Applying to Cardiff Business School

Contents

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01 Students enjoy the sunshine outside Main Building.

02 Professor George Boyne



M6 A1

A470

A1M6

M1

M2M3

M4

M5

M50

M42

M62

A1(M)

M25

M4

M90

HeathrowDistance to London 124m / 199km

2 hours’ by train

Gatwick

Edinburgh

NewcastleUpon Tyne

Aberdeen

Glasgow

Belfast

DublinHolyhead

Liverpool

Leeds Hull

Manchester

BirminghamCambridge

Harwich

DoverBristolCARDIFF

LondonSwansea

PlymouthSouthampton

Cardiff: The City

Cardiff is one of Europe’s youngest capital cities. Compact, green, friendly and full of life, it provides a first class environment in which to live and study.

Why Cardiff Business School? Cardiff: The City

As the capital city of Wales, Cardiff has an impressive range of leisure, sporting and cultural amenities, many of which are of an international standard.

The city boasts world-class concert venues in Cardiff International Arena and the Wales Millennium Centre, and the Millennium Stadium provides the focus for international sporting events. It has an Olympic standard white-water rafting centre and the SWALEC cricket stadium plays host to international test matches.

Culturally, Cardiff is well catered for with the National Museum and Gallery of Wales, several theatres and the historic Cardiff Castle which, set in parkland, occupies the centre of the city.

The city has a vibrant shopping centre, numerous cinemas and restaurants and great pubs and music venues. St David’s Shopping Centre is now one of the busiest shopping centres in the European Union with nearly two hundred shops, stores and restaurants. The development of Cardiff Bay is a major attraction and is home to the Welsh Assembly.

Cardiff is a compact city with large areas of parkland and good local transport. Unlike many other cities, it offers easy access to the countryside, coast and mountains. The Brecon Beacons National Park is only a 30-minute drive from Cardiff and the Glamorgan Heritage Coast is within easy reach. The city is also easily accessible by road or rail from other parts of Britain.

Cardiff combines the practical advantages of a small, friendly, inexpensive city with the cultural and recreational amenities of a successful and modern capital. Such is the quality of the ‘Cardiff experience’ that in a recent survey a large majority of students said they would like to live in the city after graduation.

Most of the University’s academic schools are housed in handsome stone buildings set around two parks and within strolling distance of the River Taff, which flows south into Cardiff from the Brecon Beacons National Park. The Business School is a ten minute walk from the city’s main shopping and entertainment area.

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‘Cardiff is the epitome of cool, pulsing with a creative energy and relaxed atmosphere that complements its youthful heritage.’

The Lonely Planet

Come and see for yourself…

Cardiff benefits from excellent road and rail links with Britain’s other major towns and cities. London, for example, is two hours by train and the M4 motorway links both the west and south of England as well as west Wales. Travel to the Midlands and the North is equally convenient. The journey by road from Birmingham, for example, takes only two hours. The main coach and railway stations are both centrally placed and Cardiff also benefits from an international airport.

‘Cardiff is popular with students offering all the attractions of a large conurbation without such high prices as students experience elsewhere.’

The Times Good University Guide

Don’t just take our word for it…

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M6 A1

A470

A1M6

M1

M2M3

M4

M5

M50

M42

M62

A1(M)

M25

M4

M90

HeathrowDistance to London 124m / 199km

2 hours’ by train

Gatwick

Edinburgh

NewcastleUpon Tyne

Aberdeen

Glasgow

Belfast

DublinHolyhead

Liverpool

Leeds Hull

Manchester

BirminghamCambridge

Harwich

DoverBristolCARDIFF

LondonSwansea

PlymouthSouthampton

Why Cardiff Business School? Cardiff: The City

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‘Cardiff is the up-and-coming cosmopolitan British city, a place jam-packed per square yard with some of the best drinking, dancing and shopping outside London.’

Virgin Alternative Guide to British Universities

01 The Wales Millennium Centre in Cardiff Bay.

02 Cardiff’s Civic Centre.

03 The Millennium Stadium in the heart of the city.

04 View of Wales’s beautiful coastline. © Visit Wales

More online at:www.visitcardiff.comwww.cardiff.ac.uk

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‘Cardiff is surely one of the best deals going: tip-top academically, still not the hardest to get into and a fantastic extra-curricular scene. There’s no excuse to leave with just a degree listed on your CV.’

The Virgin Alternative Guide to British Universities

‘Cardiff has established itself as the front runner in Welsh higher education…it is a match for most rivals in teaching and research and the overall performance is amongst the best in Britain.’

The Times Good University Guide

Why Cardiff Business School? Cardiff: The University

Cardiff: The University

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Cardiff University is recognised in independent government assessments as one of the UK’s leading teaching and research universities.

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‘With a strong academic reputation and excellent facilities, Cardiff continues to go from strength to strength.’

The Guardian University Guide

Why Cardiff Business School? Cardiff: The University

Founded by Royal Charter in 1883, Cardiff University today combines impressive modern facilities and a dynamic approach to teaching and research with its proud heritage of service and achievement.

The University has an outstanding location amidst the parks, Portland stone buildings and tree-lined avenues that form the city’s elegant civic centre. Unusually for a civic university, most of the University’s student residential accommodation is within easy walking distance of lecture theatres, libraries and the Students’ Union, saving you time and money. More than £150 million has been invested in the university estate since 2002 to provide new and refurbished facilities of the highest quality.

Cardiff is a member of the Russell Group of Britain’s leading research universities. Its research excellence creates a stimulating environment for teaching, ensuring that you are exposed to the very latest thinking and that the most modern technology and equipment is available. Teaching at Cardiff has been independently assessed as being of an excellent standard. The Quality Assurance Agency for Higher Education, which undertakes assessments of all UK universities, confirmed that prospective students, parents, teachers and graduate employers can have every confidence in the quality and standards of Cardiff’s degrees. Feedback in the recent National Student Surveys has also been very positive.

The student population is drawn from a variety of backgrounds, with students attracted from all areas of the globe. The University currently has around 25,000 undergraduate and postgraduate students and there is an almost equal balance between male and female students. International students comprise some 17% of the total student population. Government performance indicators show that students at Cardiff are more likely to succeed in their studies than students at most other UK universities. Currently, 95% of students successfully complete or transfer, better than many similar universities and better than the UK national average.

More online at:www.cardiff.ac.uk

01 Cardiff University Main Building.

02 Cardiff’s Civic Centre.

03 The University has a friendly and relaxed atmosphere.

04 Students benefit from state-of-the-art IT facilities.

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Your Environment


www.cardiff.ac.uk/carbsWhy Cardiff Business School? Your Environment

The largest academic school of Cardiff University, the Business School caters for 2,600 students within outstanding on-site facilities. In a recent National Student Survey conducted by the UK government, students rated the facilities at the School as excellent.

01 Students have access to a wide range of academic materials.

02 The Julian Hodge lecture theatre provides new lecturing facilities on the Business School campus.

03 The School’s new Trading Room.

The School is accommodated in the Aberconway Building, a modern, purpose-built development located just a short walk from the attractive parks and gardens of the civic centre. Equally close are the social facilities offered by the Students’ Union, the Graduate School and the university’s sports complex and playing fields.

FacilitiesThe Business School houses all of the facilities needed to deliver high calibre programmes. The School has invested in a 460 seat lecture theatre and resource centre on the Aberconway site, whilst the Aberconway Building provides seminar rooms and lecture theatres fitted with modern IT and Audio Visual facilities.

Students at Cardiff Business School have access to a state-of-the-art Trading Room, providing students with practical experience of working within a Stock market environment. (see page 14 for details).

LibrariesThe Business School library is located onsite in the Aberconway Building, ensuring that students are close to the resources they need. The School invests heavily in library provision, investing £300,000 in 2007 to completely refurbish its resources.

The School’s library holds multiple copies of key texts and over 60,000 books. It subscribes to over 1800 national and international journals and newspapers providing the most recent updates in business thinking and e-books.

As a business school student you will be able to borrow books from the Aberconway library and 14 other libraries throughout the University. The library service is fully computerised and it is possible to locate books, check availabilities, place reservations and view lists of items which you have borrowed from anywhere on the University campus including 24-hour facilities at some locations. A virtual librarian service is available from Monday to Friday 9-5pm for any questions you may have.

OnlineA wide range of electronic information is available from the library of Cardiff Business School, including business information, census records, scientific data and the full text of newspapers and other publications.

The online study resource Learning Central is becoming increasingly important to our students. Password protected access gives students access to lecture notes, reading lists and discussion boards, supporting study materials and an increasing number of lecture recordings.

Additionally, Cardiff Business school provides students with access to three key databases in the area of finance: WRDS (Wharton Research Data Services), Thomson Datastream and Thomson One Banker. Together these resources provide students with access to an enormous range of financial and economic data to support their studies and professional development at Cardiff.

ComputingAdjacent to the Business School is a 24-hour resource centre housing 260 networked computers, with computer teaching laboratories provided for on-line teaching and lectures. As a result our students have free access to appropriate computing facilities at all times.

Your user name and password will allow you to log in to University facilities which include a large number of software packages, including the latest spreadsheets and statistical packages. Databases, word processing and graphics packages are made available to enable you to produce reports and dissertations to a professional standard.

Help, advice and training are available for students from the University’s Computing Centre and a number of locations offer 24 hour computer access. Postgraduates can also access the IT facilities of the Graduate Centre.

Staff/Student PanelsTo ensure that the opinions of students are heard the Business School has a number of staff/student panels, consisting of teaching faculty and elected student members who meet to discuss academic issues. Any issues that you feel need attention can be highlighted to your student representative who will raise the query with the panel. This feedback means that each programme is constantly reviewed to ensure it provides the best programme of study available for students.

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CITYCENTRE

RIVER TAFF

PONTCANNA

CANTON

RIVERSIDE

BUTE PARK

MAINDY

MYNACHDY

GABALFA

HEATHPARK

ROATHPARKLAKE

ROATHPARK

PEN-Y-LAN

ROATH

CATHAYS

Cardi� Central

Queen StStation

CathaysStation

CARDIFF BUSINESS SCHOOLCARDIFF UNIVERSITYMAIN CAMPUSDISTANCE TO MAIN CAMPUS: 0.5M

WALKING TIME: 5 MINUTESDISTANCE TO CITY CENTRE: 1M WALKING TIME: 10 MINUTES

DISTANCE FROM BUSINESS SCHOOL: 1.75M

WALKING TIME: 20 MINUTES

The Graduate Centre

In recent years, the University has invested over £40 million in student accommodation and, as a result, is able to offer some of the highest quality accommodation in the British university system. Approximately 75% of our 4,700 study/bedrooms now offer students en-suite shower/toilet facilities and all have high speed internet connections. The accommodation is distributed between a range of modern and traditional halls, flats and houses.

All overseas postgraduates, including those from the EU, are guaranteed a single occupancy place in University residences. Only after demand from this category has been filled can UK postgraduates be considered; UK students are therefore advised to seek private sector accommodation. There are twelve halls of residence which are open to postgraduate students. These include a fully-catered hall of residence, Aberdare Hall, which provides breakfast and evening meals Monday to Friday. Some halls provide an evening meal option during weekdays. The self-catering halls provide the facilities necessary for you to prepare your own meals according to your own timetable, tastes and budget.

‘Postgraduate Plus’Two halls of residence offer “Postgraduate Plus” options which comprise flats exclusively reserved for postgraduate students. These come equipped with bedding, crockery and kitchen utensils, a television and a computer network connection point.

Accommodation for CouplesA small number of family flats are available for first year students. You should not bring your family to Cardiff until suitable accommodation has been secured. The Residences Office is able to provide regularly updated lists of flats and houses available in the private sector.

Applying for AccommodationIf you are a single EU or international student, once you have been offered a place to study at Cardiff University you will automatically be sent a Residences Guide and will be able to apply online for accommodation. Further information on University-owned accommodation and the application process is available at www.cf.ac.uk/for/prospective/residences

Private Accommodation (UK students only)In addition to allocating University-owned student accommodation, the Residences Office also offers help to students seeking privately owned accommodation and maintains a regularly updated list of lodgings, bedsits, flats and houses which are available for rent. Advice on tenancy agreements and other aspects of living in private sector accommodation is available via the Advice Centre in the Students’ Union. The Postgraduate Recruitment Office and Graduate Centre also run a House Hunting event in August each year to assist all new postgraduate students who are looking for single or shared rented accommodation in Cardiff. For further information, please see www.cardiff.ac.uk/postgraduate. If you are looking for private accommodation, you are strongly advised to visit Cardiff before the start of session.

Why Cardiff Business School? The Graduate Centre10 www.cardiff.ac.uk/carbs

The Graduate Centre provides students with the space and resources to work, discuss, debate and socialise in purpose-built surroundings. It is also the hub for the postgraduate student events programme and is home to the Graduate Schools, which encourage students from complementary academic schools to connect with each other on social and academic terms.

The Centre has a dedicated IT room featuring the latest resources. A coffee lounge provides brochures and information about exploring the local area and provides free access to the internet through designated work stations. There is also a reading room, a Café Bar and two conference rooms which are available free of charge to postgraduate students for seminars, group work or discussions.

Graduate EventsThroughout the year, staff in the Graduate Centre also organise a variety of social and academic related events for graduate students. These include an induction programme to help new students find their way around the campus and workshops on topics such as time and stress management, presentation skills and career development.

Social events range from discos to day trips, many of which are planned by postgraduates themselves.

The Graduate Centre is situated within Cardiff University Students’ Union Building, one of the biggest and best Students’ Unions in Britain, with an outstanding entertainment programme and range of facilities. The building is home to the Union bookshop, several food outlets, nightclub and bar, shops, a games room with video arcade, full size snooker tables, pool tables and satellite TV.

For more information on the Graduate Centre, please visit www.cardiff.ac.uk/gradc

For more information on the University’s Graduate Schools, please visit www.cardiff.ac.uk/gradschools

For more information on the Students’ Union, please visitwww.cardiffstudents.com

Accommodation

Cardiff University attaches considerable importance to providing good quality accommodation for its students.

Cardiff is one of the few universities in the UK to have a dedicated facility for postgraduate students.

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www.cardiff.ac.uk/carbs11

CITYCENTRE

RIVER TAFF

PONTCANNA

CANTON

RIVERSIDE

BUTE PARK

MAINDY

MYNACHDY

GABALFA

HEATHPARK

ROATHPARKLAKE

ROATHPARK

PEN-Y-LAN

ROATH

CATHAYS

Cardi� Central

Queen StStation

CathaysStation

CARDIFF BUSINESS SCHOOLCARDIFF UNIVERSITYMAIN CAMPUSDISTANCE TO MAIN CAMPUS: 0.5M

WALKING TIME: 5 MINUTESDISTANCE TO CITY CENTRE: 1M WALKING TIME: 10 MINUTES

DISTANCE FROM BUSINESS SCHOOL: 1.75M

WALKING TIME: 20 MINUTES

Why Cardiff Business School? Accommodation

01 The Graduate Centre Café Bar is open every weekday between 11am and 11pm.

02 There are university halls of residence very close to the Business School.

03 A typical single-study bedroom in university accommodation.

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Map Key

Cardiff Business School University Buildings Accommodation


www.cardiff.ac.uk/carbsWhy Cardiff Business School? International Appeal

Cardiff Business School prides itself on being global in its outlook. Our ‘world-leading’ faculty hail from 20 countries and often have experience of working within business environments both within and outside the UK. Faculty work with leading academics at the best global business and management schools and travel frequently to extend their knowledge and work collaboratively with other scholars.

Our students and alumni hail from 120 countries worldwide, creating a diverse environment where global experience informs programme content. Such a cosmopolitan student community provides excellent opportunities for networking post-graduation. Both the School and the University provide bespoke services for international students both before, during and after their studies are completed at Cardiff Business School.

Meet us OverseasCardiff Business School has a long tradition of looking further afield to find quality applicants. Our team spends eight months of the year travelling to recruit and interview international students in their home countries. Specialist staff are also on-hand throughout your time here to find solutions to any difficulties you might experience.

Services for International StudentsThe University provides all the information and support necessary to help ease the transition to life as a student in Cardiff. Once you are made an offer you will receive advice on immigration, visas, healthcare, climate and living and studying in Cardiff. You’ll be able to contact us for any more advice and support you might need.

When you arrive in Cardiff we will provide a week of induction and orientation before enrolment. This includes a coach collection service from Cardiff and Heathrow airports, events and visits to introduce you to the University and the city of Cardiff, and a varied programme of social events. Throughout your studies you will be able to access support both from the business school and from the University, from your personal tutor, the Student Support Centre and the Careers Service.

English Language ProgrammesThe University provides English Language Programmes to full-time international students studying, or intending to study, at Cardiff University. Language and study skills modules are offered throughout the year, for periods from a few weeks to a full year, to improve your level of general and academic English. Our Pre-Sessional Programme in English for Academic Purposes is particularly popular. These full-time, intensive summer modules of between 3 and 12 weeks in length are designed specifically to prepare students starting degrees at Cardiff University for academic study. Places on the modules are guaranteed to applicants who hold a conditional or unconditional offer from the University and all applications are welcomed.

Additional SupportTo help you achieve your full academic potential, Cardiff Business School also provides subject specific group and one-to-one English language and study skills support for overseas students from October to June of their year of study. In the autumn semester, group support focuses on enabling you to improve your academic oral and reading skills, as well as your ability to communicate clearly in academic, written English. Support in the spring semester concentrates on enabling you to identify and communicate a critical stance. All this work is consolidated and built upon after the Easter recess when group support takes the form of ‘English for dissertation writing’ workshops. One-to-one tutorials, run alongside group workshops, train you to edit your own work, giving you the opportunity to talk through language and study skills issues with an experienced ‘English for academic purposes’ tutor.

As well as pre-sessional and in-sessional modules, there are also opportunities for your family and friends to take part in tuition to improve general English language abilities, including preparation for a range of qualifications. The English Language Service is an authorised Cambridge (UCLES) examination centre and Cardiff University is also an official British Council International English Language Testing Service centre, regularly hosting the IELTS exam.

International Appeal

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01 International students benefit from excellent teaching and research facilities.

02 Cardiff University has students from more than 100 overseas countries.

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www.cardiff.ac.uk/carbsWhy Cardiff Business School? Your Future

Your Future

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01 The Trading Room is sponsored by the Welsh Assembly Government, OSTC and Eurex.

02 Students benefit from excellent teaching.

03 Graduation day at Cardiff.

We recognise that students pursue a postgraduate qualification to broaden their knowledge and get ahead in the workplace.

‘My time in Cardiff Business school not only enhanced my academic knowledge; it also assisted me to develop my future career.’

Saeyeon Roh, MSc in International Transport


www.cardiff.ac.uk/carbs15 Why Cardiff Business School? Your Future

Improving your Employability

The Trading Room The School’s Trading Room gives our students the practical experience needed to fully understand the Stock Exchange. Students are also offered the opportunity to gain a professional Thomson Reuters Certification qualification, putting them ahead in the career marketplace.

Students test their academic knowledge by simulating a day’s trading, working as buyers, sellers or day traders. The ‘games’ give them an understanding of trading and risk management.

The Trading Room is open to all students at Cardiff Business School with trained PhD students on-hand to help students develop their skills.

Corporate Connections The School’s programmes have a number of corporate connections. Students on the MSc Strategic Marketing programme spend their third semester working with a company to develop their ‘Marketing Plan’. Students pursuing logistics or transport-based programmes participate in the Logistics and Operations Management Guest Lecture Series which welcomes senior professionals to the School. Human Resouce Management Economics students spend three days in Gregynnog studying case studies and scenarios. Programmes feature guest speakers, case studies and site visits. Students undertaking any programme at the School are encouraged to attend the School’s Lecture Series which features top business professionals and senior policy makers.

In addition the School has good relationships with the leading global employers which help students to find graduate employment once they leave us.

Developing Your SkillsA number of programmes are available to students to develop their skills and to connect with the business community:

Student Enterprise at Cardiff University This free initiative offers skills development, mentoring events, competitions and business support for students and alumni at Cardiff University. It is home to ‘Centerprise’, the Cardiff University Student Business Incubator, which gives you support to grow your business ideas.

For more details visit: http://www.cardiff.ac.uk/racdv/students/index.html

Insight into Management This full-day course is run with input from leading UK business organisations. You will encounter simulated business problems facing managers every day with industry partners giving feedback on your strengths and weaknesses.

Skills for You A new programme of events, Skills for You provides you with the opportunity to discover what employers look for in new graduates. Presentations take place throughout the day on interview techniques and assessments. Skills for You gives students access to a number of blue-chip, global companies to discover the job opportunities open to them in the future.

Finding your CareerOn-site Careers Advisor: Our specialist, on-site Careers Advisor is available within the Business School specifically to help with business school students in career decision making, advice on graduate recruitment, the application process, CV advice, interview preparation, and assessment centres.

The Careers Service has a dedicated International Students Career Advisor who offers 30-minute appointments and holds workshops on Employment Regulations and CVs. Further information is also available on-line: www.cardiff.ac.uk/carsv/students/international

The Careers & Employability Centre, 50 Park Place, is specifically designed to meet student needs and includes an extensive and well-equipped Careers Library with comprehensive information, internet access, computerised guidance programmes and DVD library. Vacancy information for student and graduate jobs is readily available on-line.

Spotlight on Business: A specialist Business event is held in October promoting career ideas and opportunities in Finance, Accounting, HR, Management, Insurance, Sales & Marketing, Purchasing, Logistics & Supply• Talk face-to-face with recruiters - ask questions and gain information and advice that may not be available on their website.

• Get ideas and information on what you can do with your degree. • Find out about the jobs, postgraduate study and time-out

opportunities available to you. • Pick up information, hints and tips from Careers Professionals. • Attend Talks, Workshops and Skills Sessions that will help you with

your career planning and getting the job you want.

Careers Workshops are your chance to get help, advice and information on all elements of the recruitment process. Workshops are delivered by Career Consultants and are typically 50 minutes long, unless otherwise stated.

Employer Led Sessions: Employer Presentations, Skills Sessions and Drop-ins offer you an invaluable insight into the recruitment process and how to be successful. These sessions are run by graduate recruiters such as: PwC, KPMG, Deloitte, BAE Systems, Atkins and the Civil Service Fast Stream and provide tips on all aspects of the recruitment process.For further information and up-to-date details of employer activity on campus, careers events and services please visit our website: www.cardiff.ac.uk/carsv

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www.cardiff.ac.uk/carbsWhy Cardiff Business School? Learning with Us

Learning with Us

A supportive networkBefore you arrive in Cardiff you will be assigned a faculty member who will act as your Personal Tutor, onhand to help with any academic issues you might encounter during your course and to supervise your progress. A dedicated Student Support and Disability Officer is available within the School to advise on matters such as finance, regulations and to help you navigate the support services available both within and outside the University.

Innovative programmesCardiff Business School continually re-evaluates its programmes to ensure that they cater for the full requirements of tomorrow’s business leaders. Recent additions to the Specialist Masters suite of programmes include the MSc in Finance, and MSc in Logistics and Operations Management. All of our degree programmes are characterised by the highest standards of intellectual quality and rigour.

Excellent teachingIn the most recent UK Teaching Quality Assessment performed by the UK government, teaching at Cardiff Business School was assessed as ‘Excellent’. You will be taught in the way that best suits your programme, ranging from lectures, seminars, tutorials and study clinics.

A thriving, stimulating environment1000 postgraduate students join us every year from a range of backgrounds and with experience of different cultures and working environments. The opportunities to extend your learning are endless, from accessing the dedicated postgraduate resources to attending guest lectures and seminars given by speakers of international repute.

A global perspectiveCardiff Business School is a global school located within the UK and as such aims to give our students a global perspective. Our programmes are designed with this internationalisation in mind and focus on business theories and practice from all over the world.

A view to the futureWhilst our programmes will provide you with the business knowledge needed for you to excel in your chosen area of business, we also provide a range of career services dedicated to helping you find graduate employment after graduation.

Alumni benefitsOur relationship with our students doesn’t end when they graduate. Cardiff Business School increasingly provides networking and social opportunities for graduates when they leave us through our growing number of alumni chapters and industry-specific groups. An online alumni portal provides jobs boards, discussion forums and the opportunities to post profiles to enable global networking.

We hold events both in the UK and other countries worldwide. We keep our graduates up-to-date with developments at the School through our magazine Synergy, which is available for alumni to use insharing their news with their contemporaries.

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01 A small group tutorial at the School.

02 Main Building.

03 Students relax in the grounds of the School.

04 The School provides excellent library facilities.

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The MSc in Finance is a one-year, full-time programme. It is both academically challenging, with input from world-leading academics, and practically focused, giving you the opportunity to develop the confidence, knowledge and skills needed for a successful career in finance. Given the increasing integration of national capital markets, it is becoming more and more important to possess a high-quality postgraduate qualification in finance for those wishing to work for financial institutions as well as corporations and government bodies involved with stock markets, project investment and the finance industry.

Applicants are expected to have an excellent first degree from a leading university in a highly analytical discipline such as finance, finance with economics, engineering, physics or mathematics.

Why study the MSc in Finance?Studying the MSc in Finance gives you the specialist knowledge and skills to have a successful career within the finance industry or a related industry. The course provides its graduates with the ability to understand and undertake high-quality research to inform the decision-making process and students have the opportunity to develop and extend their problem-solving skills through seminars, tutorials and practical sessions.

Additional Learning OpportunitiesAs a student on the MSc in Finance programme, you will benefit from the School’s expertise in finance, as well as its state of the art facilities. The latter include a fully functioning Trading Room giving access to the latest market data. You will make extensive use of the Trading Room, including Reuters 3000 Xtra and the TraderEx market simulation software, in a specially designed module on market structure and trading systems.You are invited to undertake the Thomson Reuters 3000 Xtra Product Certification Programme, offered free of charge to students on the MSc in Finance. This certification proves that you are able to work efficiently with Reuters 3000 Xtra. In addition to your MSc in Finance, this certification will make you even more attractive to employers in the finance industry.

Other important facilities include access to a range of leading financial databases such as Datastream, Thomson One Banker and the Wharton Research Data Service (WRDS). WRDS offers access to a series of proprietary databases including CRSP (US stock price data going back to the 1920s) and Compustat (covering more than 98% of the world’s stock market capitalisation). Access to all these databases will enable you not only to acquire transferable skills which are becoming increasingly valued by recruiters in the finance industry, but also to carry out your own research using up-to-date and diverse datasets.

ProspectsGraduates from the MSc in Finance will attract job offers from a range of financial institutions, including investment banks, hedge funds and stock exchanges. Some of our graduates will also find roles within organisations and corporations with a strong interest in finance. These include consultancies, national and international regulators as well as the finance divisions of multinational corporations.

AssessmentThe programme is assessed using a variety of methods, including written examinations, essays and reports, case analysis and presentation, article review, group work and problem-based reports. This mixture encourages students to think critically and analytically and provides practice with problem solving in various scenarios. Group work and discussion also provide valuable experience of working as part of a team, while presentations help to enhance communication skills. The variety of assessment methods is designed to develop a range of abilities and skills in both theoretical and practical aspects of accounting and finance.

Programme StructureThis 12-month programme consists of a taught course, running from September to June, and a dissertation which is completed between June and September.

MSc in Finance

www.cardiff.ac.uk/carbsDegree programmes Accounting and Finance

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01 Students leaving the prestigious Main Building.


19 www.cardiff.ac.uk/carbsDegree programmes Accounting and Finance

Course structure

Stage 1: The Foundation and Consolidation Stage

Research Methods in FinanceThis module develops your knowledge and understanding of the research methods used in the field of finance and reviews the potential limitations of existing methodology. While some mention of econometric techniques is inevitable, the focus is on methodologies, including measuring and benchmarking techniques, that are specific to finance. The module also covers research design and implementation in finance. The module will provide you with a range of techniques and skills essential for your dissertation research.

Principles of FinanceThis module will give you an overview of financial markets with particular emphasis on the portfolio investment decision process.

Quantitative MethodsThe module provides a theoretical and practical training in econometric methods and their application to financial problems. The module makes extensive use of the School’s computer laboratories.

Market Structure and Trading SystemsYou will be taught the essentials of price discovery, trading strategies, market microstructure and the trading systems used in financial markets. You will be exposed to trading systems both in theory and in a simulated trading environment. The module will also review the role of various traders such as informed traders, noise traders and liquidity traders. Extensive use will be made of the School’s Trading Room.

Stage 2: The Specialisation Stage

Core modulesResearch Topics in FinanceThe aim of this module is to provide you with an overview of the key issues arising in the classical and contemporary empirical finance literature. Specifically, you will be given insight into the motivation, methodologies employed and contribution of the papers in this literature and you will be provided with a critical evaluation of a selection of these papers. As part of this module, you will write a research proposal for your dissertation.Empirical FinanceThis module introduces you to the major times series econometric techniques that are widely used in the modelling of financial data and the testing of hypotheses concerned with the functioning of financial markets. It will provide you with the capacity for understanding and critically appraising applied work in financial econometrics. The module will enable you to undertake your own quantitative research projects.

At least one of the following two modules:• Corporate Finance This module reviews advanced topics relating to

the financing of corporate investments and corporate restructuring. The module examines the main issues relating to the financing of corporate investments when the assumptions underlying perfect capital markets are not upheld.

• Financial Derivatives This module focuses on the pricing of the major derivative securities and provides you with training in the use of derivatives in managing risk.

and at most one other module from the following list:• International Banking In this module you will review the main

principles and problems of international banking. The module is intended to cover both theoretical issues as well as the institutional background to international banking.

• International Finance This module aims to familiarise you with the important theories of exchange rate determination and international risk management.

• Mathematical Finance Suitable for students with a background in mathematics and other highly quantitative disciplines, this module gives an overview of modern mathematical finance theory and application. A particular emphasis is given to martingale pricing theory.

• Marketing of Financial Services The role of marketing in the financial services industry is becoming increasingly important. The aim of this module is to draw your attention to the development of a financial services strategy within an organisation and the diagnosis of the factors that may hinder its implementation.

• Investment and Electronic Trading This module will provide you with knowledge of investment valuation and trading in the financial markets. In particular, you will learn methods of investment valuation and how they relate to practice. The module will also enable you to understand modern electronic trading, both in theory and in a simulated trading environment. The module makes use of the School’s Trading Room.

• Issues in Islamic Banking and Finance The module gives an insight into the key features of Islamic banking and finance as well as the major challenges facing it. The first part introduces Islamic banking and outlines the key differences with conventional banking. The second part focuses on issues such as Islamic contracts. The final part reviews current issues and the challenges facing the Islamic banking and finance industry such as regulation, corporate governance and the role, function and effectiveness of Shariah Boards implementation.

Stage 3: The DissertationFrom June to September you will work on an individual, research-based dissertation under the individual supervision of a faculty member. Support is given from the outset in preparing for the dissertation via a range of first- and second-semester modules, including Research Methods in Finance and Research Topics in Finance.



MSc Accounting and Finance

This one-year, full-time programme has been designed by one of the UK’s leading accounting and finance sections to provide students with an advanced programme of study in the major aspects of accounting and finance.

The MSc in Accounting and Finance is designed primarily for students with a background in accounting and finance, either as recent graduates or as individuals with an appropriate degree and significant professional experience in a relevant occupation. The programme will prepare students for a career in the accounting profession or in the finance sector, in fields such as financial analysis, asset management or investment banking. This is a specialised programme which aims to cover a comprehensive range of accounting and financial issues in considerable depth. The focus throughout the course is on research-led teaching: it will, therefore, also be of interest to students who wish to pursue a career in academic research via a PhD in accounting or finance.

Why study Accounting and Finance?There has never been a better time to study accounting and finance. In the global accounting area, large scale corporate collapses such as Enron and World Com caused by breakdowns in financial reporting mechanisms have had worldwide economic and financial consequences. The recent switch to International Financial Reporting Standards and innovations in financial securities are also creating significant challenges for preparers and users of accounting information alike.

Technological developments, the globalisation of capital markets, financial engineering and changes in regulation have transformed the financial sector so that many areas of finance are now highly sophisticated. Collectively, these changes and trends have created an increase in demand for analytical ability and specialist knowledge in accounting and finance.

The ProspectsAlthough this is a specialist programme, students will have a wide range of employment options to choose from, including professional accountancy, the financial services sector, management consultancy or a specialist position in the public sector. Graduates may also decide on further study as part of a research degree in accounting and finance.

The ProgrammeThe MSc in Accounting and Finance has been designed to provide students with both the breadth and depth of knowledge and expertise necessary to cope with the ever-changing financial environment. The programme covers the financial and managerial aspects of accounting together with the essential principles of finance. Students build on these foundations by studying contemporary research in accounting and finance and by selecting specialist elective modules. The knowledge and skills obtained in the taught component are applied to a dissertation in accounting or finance, which may cover areas such as auditing, corporate governance, financial markets, financial management, financial reporting, management accounting or public sector accounting.

The programme comprises a taught component, directed reading, assignments, examination and a dissertation. The taught component covers two academic semesters – the first contains four ‘core’ modules, and the second, two core modules plus two options. During this time students attend lectures, tutorials and seminars, coupled with directed reading and other assignments. Following this, students carry out project work during the summer culminating in the submission of a dissertation.

Programme StructureThe programme is designed so that the foundations of advanced accounting and finance are covered in the autumn semester of the taught component, while the specialist topics are studied in the spring semester. In the spring semester, students augment the accounting and finance research modules by selecting two modules from four options. Following the taught component, students then complete a dissertation on a suitable accounting or finance topic.

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Spring Semester

Research Topics in FinanceContemporary research in finance is dynamic, sophisticated and diverse. This module provides students with an overview of the key issues arising from the empirical finance literature and also provides a critical insight into theoretical and empirical finance research methodologies employed in the field.

Research Topics in AccountingThe accounting literature covers a wide range of theoretical and empirical issues involving quantitative and qualitative methodologies. This module aims to develop a critical understanding of the various theoretical and empirical frameworks applied to the various areas of accounting research.

Choose two modules from:i) International Corporate FinanceIn the last few decades, capital markets have become international, rather than national, in scope. This module, therefore, aims to provide students with a thorough understanding of the content, method and scope of international finance and international financial risk management, to equip students with a thorough grounding in the concepts, principles, theory and techniques of international finance, and to develop in students the ability to apply financial analysis to solve theoretical and applied problems in international corporate finance.ii) Financial DerivativesThe use and misuse of financial derivatives has been responsible for many recent financial controversies. This module aims to provide an introduction to the pricing of the major derivative securities and to introduce how derivatives can be employed in the management of financial risk. iii) International AccountingThe international financial reporting environment is currently an especially dynamic one. The aim of this module is to expose students to a variety of international issues so that they will be able to evaluate and assess UK financial reporting in a wider international context.iv) Advanced Management AccountingThis module provides an in-depth analysis of a number of key issues relating to the role of management accounting in the control of managerial and organizational performance. The module draws heavily on the latest research material, both theoretical and empirical, to examine these issues.

Autumn Semester

Principles of FinanceThis module introduces students to the fundamental concepts and issues in modern finance that are of concern to all those involved in making financial decisions. Students will learn how to appraise capital investments, how to value various securities such as bonds, stocks, futures and options and understand alternative asset pricing models.

Advanced Financial ReportingAgainst a background of dramatic changes and controversies in the financial reporting environment, this module aims to develop students’ conceptual understanding of financial reporting issues and their knowledge of the problems and proposed solutions. For example, students are required to critically evaluate current accounting principles and the conceptual framework, and examine alternative approaches to income measurement.

Research MethodsThis module seeks to develop a critical understanding of research ideas and methods commonly applied in accounting and finance. Research design and implementation are also addressed with the aim of preparing students for the dissertation. The emphasis is therefore on the practical application of research methods in accounting and finance.

Management Accounting and ControlRecent corporate collapses have emphasised the need for companies to design and implement appropriate accounting control systems. After taking this module, students should be able to critically discuss the contribution of management accounting and control systems to addressing the ‘problem’ of management control and the task of decision-making within organizations.

Dissertation

The dissertation is a 20,000-word research-based study, typically comprising a review of the literature and an empirical study of an area of accounting and finance such as: auditing, accounting history, corporate governance, financial markets, financial management, financial reporting, management accounting or public sector accounting.

01 A lecture in the Julian Hodge Lecture Theatre.


22 www.cardiff.ac.uk/carbs

Economics Degree Programmes

Degree programmes Economics

Module Syllabi

Development Finance This module provides training in the economic underpinnings of the financial issues which affect developing countries. Topics include: economic development strategy; project evaluation; domestic and external sources of finance; taxation and public sector control; central banking in developing countries; regulation and credit control; financial deepening; exchange rate and interest rate management; financial market development.

Economic Forecasting This module provides training in the methods of forecasting used in commercial enterprises. It also introduces the methods of macroeconomic forecasting. Topics include: univariate techniques; extrapolation, charting, Box-Jenkins; the use of survey information, leading indicators, and futures and forward markets; Black-box and VAR methods; econometric models, combining forecasts, the ragged edge problem and signal extraction; nonlinear modelling. This module is recommended only for those students who have an undergraduate background in economics.

Empirical Finance This module aims to give an overview of the application of econometrics to the study of financial decision-making. Topics include: tests of market efficiency; time series methods in finance: vector autoregressions, causation and cointegration; non-linear methods; generalised autoregressive conditional heteroscedasicity model; tests for non-linearity; generalised methods of moment estimates; applications in the published literature.

Principles of Finance This module is concerned with the workings of global financial markets. Topics include: introduction to portfolio analysis; mean-variance and the capital asset pricing model; arbitrage pricing theory; the concept of diversification for risk management; risk reduction strategies by the use of derivatives; different notions of efficiency and their implications.

Corporate Finance This module covers issues related to the financing problems of the corporate sector, including topics such as: capital budgeting; financial structure (debt versus equity); dividend policy and agency problems; the valuation technique of common financial securities; the supply of securities in competitive markets.

Investment and Electronic TradingThis module will provide you with knowledge of investment valuation and trading in the financial markets. In particular, you will learn methods of investment valuation and how they relate to practice. The module will also enable you to understand modern electronic trading, both in theory and in a simulated trading environment. The module makes use of the School’s Trading Room.

Structure of the MSc ProgrammesThe MSc in Financial Economics, MSc in International Economics, Banking and Finance, and the MSc in International Economics and Public Policy are all 12 month full-time programmes consisting of two parts. Part One, the taught component, extends over two semesters (September-May) and comprises seven core modules and one specialist option (six core modules and two options in the MSc in International Economics and Public Policy). Part Two (June-September) requires students to produce a 15,000 – 20,000 word dissertation.

Students must achieve a satisfactory standard in assessed work and examinations covering the taught component in order to move on to the dissertation stage.

The Taught ComponentIn the first semester, all students take four ‘core’ modules, each of which are taught through a mixture of lectures and tutorial classes. In the second semester, all students take either two or three core modules and one or two further modules from a list of options. In this semester, each subject is covered by a weekly lecture or seminar and students will be expected to research independently. In the latter part of the second semester, dissertation proposals are presented and reviewed at a residential conference at Gregynog Hall in Mid Wales. The major objective of the core component of the programme is to equip students to appraise and carry out research projects for themselves. To this end, the core modules are not taught as ‘routine’ theory modules. Instead, the philosophy of the core component is to focus on the techniques and subject areas of money, banking, finance, trade public policy and options and derivatives, as appropriate to the chosen degree programme. In each module the emphasis is on the application of rigorous methods to the understanding of practical problems.

AssessmentThe taught component of the programme is examined by both assessed work and university written examinations which are held at the end of each semester. The assessed work would be one of the following: essay, group work project, individual project or class test. Candidates who satisfy the examiners will proceed to the project stage of the programme and prepare a dissertation.

DissertationStudents will be required to submit a dissertation of not more than 20,000 words. This gives students a chance to explore a particular topic in depth and provides them with the opportunity to test the applicability of their new learning whilst under close supervision. It serves to introduce the student to the methodology of research, the systematic analysis of ideas, the problems of collection, appraisal and presentation of data, rigorous analysis and the presentation of conclusions in a clear way.

ModulesOur Economics degree programmes draw from one common pool of modules. Students will select different options depending on which programme they follow. Module information is listed opposite.

Our Economics degree programmes draw on the expertise of faculty who are known worldwide for their work in these areas. They have developed in response to the needs of those wishing to move rapidly to positions of authority within banks and financial institutions.

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23 www.cardiff.ac.uk/carbsDegree programmes Economics

Issues in Money and Banking This module addresses current issues in money, banking and finance. Topics include: the role and development of central banking; monetary control; regulated versus deregulated banking, monetary disequilibrium, the Japanese banking crisis; the potency of monetary policy when interest rates are zero; currency boards and case studies in Hong Kong and Argentina; economic development of India and China; monetary policy in China.

Principles of Money and Banking This module provides the theoretical background in monetary economics and finance. Topics include: review of the definition of money, properties of a monetary economy, measurement of money; the neutrality of money, the invalid classical dichotomy, the real balance effect, money-in-the-utility function, the cash-in-advance model, overlapping generations model of money; the classical quantity theory, liquidity preference, Baumol, Tobin, precautionary demand, Miller-Orr model, buffer stocks model; money supply determination, intermediate targets, interest rate pegging and price level determinacy; rules versus discretion, time inconsistency, reputation and credibility, central bank independence, desirability of a conservative central banker, optimal contracts for central bankers; the lending channel and the Bernanke and Gertler model.

Macroeconomics This module provides a solid understanding of macroeconomic analysis and its application to monetary and financial issues. Topics covered include: a review of the basics of income and interest rate determination; aggregate demand and supply, and open economy macroeconomics continuing with macroeconomic policy analysis; expectations in macroeconomics; business cycles; policy credibility and reputational aspects of policy.

Quantitative Methods This module provides theoretical and practical training in mathematical and econometric methods and their application to monetary and financial problems. Topics covered include: a review of basic mathematical and statistical methods: the linear regression model, static and dynamic models; specification tests; simultaneous equations and forecasting, with applications to problems in banking and finance. This module is taught so that material will be accessible to any reasonably numerate student. The emphasis is on teaching students how to conduct practical quantitative research projects for themselves.

Marketing of Financial Services This module offers students the opportunity to understand the role of marketing in a financial services context. Topics include: marketing re-introduced; services marketing; the extended marketing mix; characteristics of services and service quality; key service quality issues and the measurement of service quality; future developments of the financial services industry; communications in financial services; brand development in financial services.

International Finance This module is concerned with the financial operations of enterprises in the foreign exchange market. It provides an analytical background for the evaluation of the mainstream theories of exchange rate determination and links these to domestic and international macroeconomic policies. Topics include: the macroeconomics of the open economy; exchange rate fundamentals; theories of spot and forward exchange rate determination; currency options; FOREX.

Mathematical Finance This module provides an advanced training in finance suitable for students with a background in mathematics and other quantitative disciplines. Topics will cover: introduction to state pricing arbitrage and equivalent martingale measures; Black-Scholes and arbitrage-free pricing; term structure models; optimal portfolio choice; optimal consumption and investment.

Microeconomics: Economics of Uncertainty This module provides a solid understanding of microeconomic analysis and its application to the analysis of uncertainty. Topics covered will include: theory of the consumer; choice under uncertainty; efficient allocation of risk; asset markets, adverse selection and moral hazard; the principal-agent model; signalling and screening.

Options and other Derivatives This module concentrates on the use of futures, forwards and swaps in hedging corporate risk and the problems in pricing more complex exotic derivatives. Topics will include: hedging with futures and forwards; pricing of futures and forwards; the cost-of-carry model; pricing of equality options; options on stock indexes; currencies; options on interest rate instruments; introduction to exotic options.

International Banking This module is concerned with the principles and problems of international banking. Topics include: trends in international banking; banking structures; the theory of the banking firm; credit rationing; risk management; securitization; financial regulation; international bank regulation and banking law.

International Trade This module will examine all the main aspects of international trade. Starting with neo-classical trade theory, the module then moves on to look at the new trade theory, which emphasises economies of scale and imperfect competition, then analyses strategic trade policy. Finally, the module will focus on firms within the global economy, and the extent to which the actions of multinational enterprises can influence trade and growth.

The MSc in International Economics, Banking and Finance granted me the opportunity to learn from leading experts with “real-world experience”, alongside new life long friends. The programme’s modules have encouraged me to continually grow in my strengths; challenged me in areas of weakness and equipped me with essential business and life skills that have made me a more refined and well-rounded individual, and that will undoubtedly benefit me in my business career as well as life.

Drew Fowler, MSc in International Economics, Banking & Finance



The MSc in Financial Economics addresses the issues of analysis and management of risk and uncertainty in relation to all the major financial markets.

The MSc in Financial Economics is intended for people with undergraduate training in economics, finance or a quantitative discipline and finance, or financial engineering, who are looking for careers as professionals in the finance sector: stockbroking, investment banking, financial analysis etc.

Students follow modules which cover the working of the markets for bonds, stocks currencies and derivatives (futures and forwards, options and swaps). Much of the material is extremely challenging analytically and sometimes technically, but attention is given at all times to the practical questions of how to interpret financial data for research purposes, how to identify and exploit trading opportunities and how to measure and manage risk.

By the end of the programme, MSc Financial Economics students are able to understand how to measure and manage the risk of investment in bonds, stocks and derivative securities, organise, interpret and analyse financial datasets using many of the latest econometric research techniques, and appreciate the value of macroeconomic analysis and forecasting for financial markets. They should also be able to understand how microeconomics and game theory can provide an insight into the working of financial markets and illustrate the workings of options, futures and other derivative securities, and be familiar with modern methods of risk management. They should have a good understanding of time series econometric techniques with respect to financial sector modelling, be competent in using econometric software and be able to design and execute a research project at Master’s level making use of the econometric techniques encountered on the programme.

Graduates from the MSc in Financial Economics should find employment as specialists in financial institutions, corporate treasury departments, central banks and local government.

ProgrammeStudents follow four core modules in the first semester and three core modules and one elective module in the second semester.

MSc in Financial Economics

Semester 1• Macroeconomics• Quantitative Methods• Microeconomics:

Economics of Uncertainty• Principles of Finance

Semester 2• Corporate Finance• Empirical Finance• Options and Other Derivatives

and one from the list below:• Development Finance• International Finance• International Trade• Economic Forecasting• Mathematical Finance

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MSc in International Economics, Banking and Finance

The MSc in International Economics, Banking and Finance provides a rigorous training in modern economic and financial methods as they are applied to monetary, banking, financial and international economic problems in the real world.

The MSc in International Economics, Banking and Finance will be of particular interest to recent graduates with solid quantitative skills who wish to specialise in the money and banking field. It will also interest those who graduated less recently and who are currently working in a financial institution or other private or public sector body, such as a central bank or national treasury.

Students proposing to study for this MSc require an appropriate background in economics, banking or finance. Typically, this will consist of any undergraduate degree with some exposure to economics and finance. However, graduates with a good equivalent qualification in a related discipline containing a significant economics component, such as a degree in Accounting or Business/Management Studies, should also be able to follow the programme, particularly if they have also had work experience in a financial institution. Students will find that the MSc contains a challenging mixture of theoretical and applied elements which will equip them for a responsible post in the financial and commercial worlds.

Overall, the programme is designed to be relevant to students with a wide range of backgrounds from both developed and developing countries. In the past, about half of the students on the programme have entered as recent graduates and about half have been mature students in midcareer with a financial institution or similar entity.

The MSc programme prepares students to work as analysts in the banking and financial industry. It exposes students who do not necessarily have an undergraduate specialism in economics to the ‘big-picture’ of the macro-economy, monetary policy and the international economy, in which the banking and financial sector operates. It also trains students in the tools of analysis used to understand banking behaviour, decision making under uncertainty and risk management.

Graduates from this degree have gone on to work as bank risk managers, financial analysts, central bankers, bank regulators and to undertake further research at PhD level.

ProgrammeStudents follow four core modules in the first semester and three core modules and one elective module in the second semester.

Semester 1• Principles of Finance• Macroeconomics• Microeconomics: Economics

of Uncertainty• Quantitative Methods

Semester 2• Issues in Money and Banking• Principles of Money

and Banking• International Banking

and one optional module from• Development Finance• International Finance• Marketing of Financial Services• International Trade• Economic Forecasting

‘The MSc in International Economics, Banking and Finance equipped me with a rigorous understanding of banking, grounded in financial economics and statistical methods, which gave me the opportunity to stand out from hundreds of candidates to win a job at the China Bank Regulatory Commission (CBRC). The coverage of the course is broad, from the theoretical Micro/Macroeconomics to the empirical quantitative methods, as well as practical financial principles. I think all modules in my IEBF study prepared me well for what I am doing here at CBRC. The lecturers were great too!’

Chiang Liu. China Bank Regulatory Commission. MSc in International Economics, Banking and Finance

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The MSc in International Economics and Public Policy provides training in modern economics and public policy analysis as they are applied to public policy and international economic problems in the real world.

The MSc in International Economics and Public Policy will be of particular interest to recent graduates who wish to specialise in microeconomics, international economics and public policy. It will also interest those who graduated less recently and are currently working in government, or other private or public sector bodies such as a regulatory institution or in the corporate world.

Students intending to study for the MSc require an appropriate background in economics. Typically, this will consist of any undergraduate degree with a substantial economics component. However, graduates with a good equivalent qualification in a related discipline containing a substantial economics component, such as a degree in Accounting or Business/Management Studies, should be able to follow the programme, particularly if they also have had work experience in a relevant area. Students will find that the MSc contains a challenging mixture of theoretical and applied elements which will equip them for a responsible post in the public or private sector, as well as providing excellent preliminary training for further postgraduate work.

Overall, the programme is designed to be relevant to students with a wide range of backgrounds from both developed and developing countries.

Additional Module Syllabi

Module summaries for the other modules listed can be found on page 21. In addition, the following modules are offered as part of this MSc:

Applied MicroeconomicsThis module develops students’ abilities in applying microeconomic analysis to economic data using statistical techniques. Topics covered include: links between theory and empirical testing, the use of regression analysis using cross-section data, and problems in regression analysis. Examples are given to illustrate each topic considered. Students will also be taught the use of a statistical package such as Stata.

Economics of Public PolicyThis module aims to give students a grounding in the application of economic analysis to public policy issues. The programme focuses on the microeconomics of cost-benefit analysis in the first half of the course and macroeconomic policy in the second.

Issues in Public PolicyThis module addresses current issues in public policy in a number of policy areas. Topics vary from year to year but may include: regulation and privatization; productivity performance and industry growth; developments in the European Union; capital markets and the financial system; policies to deal with poverty and supply-side macroeconomic policy.

MSc in International Economics and Public Policy


Semester 1• Microeconomics:

Economics of Uncertainty• Macroeconomics• Quantitative Methods• Economics of Public Policy

Semester 2• International Trade• Applied Microeconomics

and two optional modules from• Development Finance• International Finance• Economic Forecasting• Issues in Public Policy• Principles of Money

and Banking

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ProgrammeStudents follow four core modules in the first semester and two core modules and two elective modules in the second semester.

01 Students studying in the grounds of the Business School.



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28 www.cardiff.ac.uk/carbsDegree programmes Human Resource Management

MSc in Human Resource Management

The MSc in Human Resource Management provides students with a thorough knowledge and understanding of the main approaches to the analysis of the employment relationship. The programme caters for those seeking to develop a career in human resource management or to pursue an academic career in management research. Our graduates have found attractive positions in human resource management and consultancy with major companies in Britain and abroad and several have undertaken doctoral study.

The programme enables students to develop a sophisticated understanding of the modes of analysis and current debate within three employment-focused academic disciplines: human resource management, employment relations and organisational theory. In addition, the programme provides a critical overview of developments in the management of human resources in the UK and other developed economies, such as Germany, Japan and the United States. We aim to develop a capacity in our students to contribute to business policy-making by reflecting critically on current developments in the real world of work.

A particular theme that is addressed is internationalisation and the growing significance of multi-national business operating within a global economy. The programme syllabus draws on material that is international in scope and is not tied narrowly to the UK or Western Europe. The programme has been produced for an international student body and has an explicit comparative purpose; that is, we seek to examine why the practice of human resource management differs from country to country and industry to industry.

The programme is practical as well as theoretical in orientation and students are given a thorough grounding in current approaches to human resource management. Considerable emphasis is placed throughout on developing students’ practical and analytical skills using case study exercises, group work, student presentations, discussions with guest speakers and role-play.

Additional Learning OpportunitiesIn addition to the scheduled teaching sessions, students on the MSc HRM are encouraged to attend the regular research seminars that take place at Cardiff Business School. These feature internationally renowned academic researchers in the field of HRM and provide an excellent opportunity for students to become familiar with the latest research and comment in their subject area.

An integral component of the programme is a 3- day residential course at Gregynog in mid-Wales. The course provides an opportunity for students to work on a range of practical HR exercises and the programme also includes outside speakers, an evening quiz and a walk in the splendid grounds of Gregynog.

AssessmentThe MSc in Human Resource Management relies heavily on continuous assessment in order to gauge student progress. For each of the four taught units there are two substantial pieces of assessed work. Several of these take the form of conventional essays or reports for which students are required to read widely and provide an assessment of a particular feature or theme within Human Resource Management. In addition, there are group assessments that are more practical and which require students to give a presentation, as well as produce a written report.

Students who are successful in passing their assignments and examinations proceed to the dissertation phase of the programme. Students who perform at a consistently high level across the coursework, examinations and the dissertation are eligible for a distinction. A number of students have been awarded distinctions on the MSc Human Resource Management in the period since its inception.

ScholarshipsThe Human Resources Management Section will offer two scholarships, each worth £3,000, for 2011-12 entry. The scholarships are open to all UK/EU applicants to the MSc Human Resource Management and will be decided on a competitive basis. Further details can be obtained from our website.

A Professional Qualification

Cardiff Business School has recently become an approved centre of the Chartered Institute of Personnel and Development (CIPD).

The CIPD is the professional body for practitioners in the fields of human resources and training. Membership demonstrates a commitment to high standards of professionalism.

All future graduates of the MSc in Human Resource Management will automatically be eligible for Graduate Membership of the CIPD, a qualification required by most employers for UK Human Resources positions.

Graduates who have 2 years’ professional experience gained whilst working in an HR department may upgrade their membership to Chartered Member of the CIPD.

During their studies, students can also benefit from Student Membership, providing access to all CIPD online resources and attending meetings of the South East Wales CIPD branch to network with practitioners. A member of the local CIPD branch attends the MSc programme induction to give information on the benefits of CIPD membership and the branch offers a Best Student Prize for the most promising participant.


29 www.cardiff.ac.uk/carbsDegree programmes Human Resource Management

The Taught Course – Stage 2: Research MethodsA two-semester module provides students with an introduction to the theory and practice of research methods, allowing them to collect, analyse and evaluate information and to use their findings to make balanced and informed decisions in a management context.

Research MethodsIn order to make informed decisions, HR managers must be able to evaluate the quality of information upon which choices are made. An understanding of research methods is a pre-requisite for evaluating the reliability of data collected by others or designing research which will collect reliable data. This module gives students the theoretical understanding and empirical practice in different research traditions and the opportunity to learn how to design research and to collect and analyse data.

This stage combines lectures, seminars and workshops and is designed to provide a practical training in the design and implementation of a research project, including the collection and analysis of qualitative and quantitative data and the writing up of research results. It also prepares students for progression to the Dissertation and Management Research Report stage.

The Dissertation and Management Research Report - Stage 3From June to September students work on an individual, research-based dissertation under the individual supervision of a faculty member. Examples of dissertation topics include: Do work-life balance policies reduce stress in the workplace?; A comparative study of training in two diverse public sector organisations; Workers’ Rights: A case study analysis of an NGO organisation; and Emotional Management: A case study of teachers in Cyprus.

Students also prepare a Management Research Report, an extended executive summary aimed at a professional audience, giving a series of practical and policy recommendations arising from the dissertation research and any professional or ethical issues involved in implementing these recommendations.

MSc in HRM structure

The Taught Course – Stage 1: The Employment RelationshipMost of the first two semesters (September–June) are spent examining the ‘Employment Relationship’, giving you a theoretical and practical introduction to the topics of organisational behaviour, personnel management and employment relations.Each unit is international in scope and deals with current developments in the management and regulation of the employment relationship.

Work and OrganisationThis module establishes a critical understanding of the nature of work and its organisation. Particular issues and aspects of work are introduced in building a picture of the inter-related nature of work, business organisation and socio-economic environment. Emphasis is placed upon different approaches and perspectives in understanding organisation processes and the experience of work.

Managing Human ResourcesThe management of human resources has changed dramatically in recent years, and there has been a major expansion in the role played within all types of organisations by human resource managers. HRM now involves the effective use of people in achieving an organisation’s strategic business objectives and the satisfaction of individual employee needs. It can be a major contributor to the success or failure of an organisation because it is in a key position to affect customers, productivity, profitability and, for listed companies, shareholder value. This module provides students with opportunities to analyse the main approaches that have developed to guide management action. The aim is to equip students to become reflective practitioners.

Employment RelationsThe regulatory context in which an organisation operates has an important bearing on corporate human resource management policies. Systems of employment regulation vary across firms, industries and countries, and are heavily influenced by prevailing management practice, state policies and worker/trade union organisation. This module explores all of these issues, using case studies to provide a practical context. Students undertake a Photoshop training programme as part of the practical element of the module.

A Week of Residential StudyA short residential course is held at Gregynog Hall in mid-Wales during the first semester which brings together elements from all the modules. The course is free of charge. Formal lectures are given and practical sessions are held on topics such as persuasion and negotiation to help you develop the skills needed for a career in HR. Staff from Cardiff University’s Career Service are on-hand to provide career guidance, and to run an application and interview skills workshop.

‘As an international postgraduate student at the University, you could not ask for more. The provisions available to you as a student to progress academically, socially and physically are excellent. Special provision for postgraduate students, including short training programmes and other facilities at the Graduate Centre, adds to the exceptional experience of being a postgraduate student here.’

Lusiana Lala. International Student from the Republic of the Fiji Islands.MSc in Human Resource Management.

01 The grounds of Cardiff Business School.


30 www.cardiff.ac.uk/carbsDegree programmes Public Administration

Master of Public Administration (MPA)

‘This programme is an important step towards developing a cadre of highly skilled and engaged public service managers who deliver to the best of their ability. It represents a milestone in the shared aspiration to create a unified public service renowned for its capacity to improve the wellbeing of every individual living in Wales.’

Sir Jon Shortridge. Permanent Secretary. National Assembly for Wales

The Cardiff MPA helps managers respond to the increasingly complex challenges involved in leading and managing public services in the 21st century. The programme will:• Give participants a greater understanding of the key issues

confronting public service managers• Help to develop competence in key managerial disciplines• Provide extensive opportunities to network with leaders and

managers from other sectors• Include contributions from expert external speakers who are at the

forefront of current policy developments in the UK and beyond• Draw on the very latest research and thinking in public services

management.

Who is the programme designed for?The MPA is especially suited to those working in central, local or regional government, health, education, police, fire and rescue services or private and voluntary organisations delivering public services. There is a particular emphasis on the importance of cross-cutting issues – such as social justice, equality, sustainability and wellbeing – and more responsive and citizen-centred policy-making and service delivery.

The programme will be of particular benefit and interest to:• Experienced managers keen to develop existing skills and a better

understanding of the changing context of public service management• Experienced professionals who, by virtue of recent or anticipated

promotion, are increasingly required to take responsibility for managing resources, teams and services

• ‘Fast-track’ senior managers of the future who have acquired some practical experience and are looking to develop key managerial competencies

• Those who work alongside the public services as regulators, inspectors, suppliers or partners.

Both managers and their sponsoring organisations will see real benefit in the educational and networking opportunities provided by the Cardiff MPA.

Programme DeliveryThe delivery of the programme is designed to meet the needs of working public service managers and be compatible with the needs of their employers. In stages 1 and 2, participants will complete a total of six modules over two years of part-time study. Each module will be delivered in two three-day sessions of intensive teaching – approximately one session every other month – embracing a combination of lectures, small group exercises, case studies and expert speakers. On completion of the taught stages of the programme, participants will prepare project-based dissertations with one to one supervision and support from expert faculty at the University.

AssessmentEach of the six taught modules in stages 1 and 2 of the programme will be assessed through a 90-minute task-focused class test and a 3,000 word assignment. Stage 3 requires the submission of a 20,000-word project-based dissertation. The purpose of assessment throughout is to ensure that the learning outcomes for the programme as a whole, and for each module within it, are being attained.

Admissions RequirementsProspective candidates should have at least two years’ managerial work experience in any public, voluntary or private sector organisation responsible for the delivery of public services. Additionally, theyshould have one of the following:• A good first degree• Equivalent professional training in any core public service• In exceptional circumstances, neither of the above, but at least five

years’ managerial work experience in a public service environment.


31 www.cardiff.ac.uk/carbsDegree programmes Public Administration

SyllabusTheoretical models of the policy process in terms of where policy is made: specifically the role of central government departments and the core executive. Influences on policy: specifically the role of external interests and the place of evidence and evaluation. Philosophies of intervention: markets, hierarchies and networks together with their functions and dysfunctions. Specific policy instruments: marketisation, collaboration, performancemanagement, planning, naming and shaming, audit and inspection.

Year 2 Stage 2 Delivering Value in Public ServicesAimTo enable participants to understand, develop and apply the approaches and techniques of operations management to the public sector.SyllabusConcepts and techniques required to undertake effective operations management and service improvement in public services; principles of systems thinking and organisational design; key ideas behind the principles of lean thinking; diagnostic and improvement tools associated with issues of service and value; implementing a lean oriented operations strategy.

Year 2 Stage 2 Evidence-Based PracticeAimTo develop an understanding of accounting-based approaches to the measurement and control of resources in the public sector and provide a grounding in research methods embracing the collection, analysis and use of quantitative and qualitative evidence.SyllabusAccounting and accountability in the pursuit of economy, efficiency and effectiveness; resource accounting, budgeting, investment appraisal, planning and control in public sector organisations; designing, commissioning, managing and conducting research; quantitative and qualitative approaches to data collection and analysis; using, presenting and disseminating research evidence.

Year3 Stage 3 Project-based DissertationAll students on the programme are required to submit a 20,000 word dissertation, based on original research. Students are given help and advice in selecting a dissertation topic and in designing their research. Every student has an experienced researcher as their individual supervisor.Past dissertation titles have included:Marching to the beat of a different drummer? The place and importance of the public service ethos in motivation at work; Citizen centred policing; What is evidence and how is it used? A case study from the Welsh Assembly Government; Loosening or tightening the reins: Funding education services in Wales and Scotland; Has there been convergence between Wales and England in relation to waiting times policy?

Programme Structure Module Syllabi

Year 1 Stage 1 GovernanceAimTo provide an understanding of the contemporary institutions and context of public services management.SyllabusThe principal institutions of multi-level governance, from global institutions like the World Trade Organisation and the European Union down to UK-wide, devolved, regional, local and community level governance arrangements. The principal aspects of the context in which these institutions operate defined in terms of: politics, economics and various social, technological, environmental and legal aspects. The module will also consider the changing relationships between the public, private and voluntary sectors.

Year 1 Stage 1 Managing PeopleAimTo examine theory and practice in Human Resource Management (HRM) as it applies to public sector organisations.SyllabusIntroduction to HRM theory: recruitment, induction, training and management development, performance appraisal, staff motivation, pay and incentive systems, internal communications, team building, employee participation, managing stress and conflict. The module also looks at public sector distinctiveness, with particular reference to the public service ethos, the role of the professions, trade unions and industrial relations.

Year 1 Stage 1 Strategic LeadershipAimTo critically evaluate contrasting perspectives on strategy, leadership and change in public service organisations.SyllabusLargely private sector theories of strategy making: command, symbolic, rational, transactive, generative and incremental. Theories of strategy content: prospector, defender, reactor etc. Theories of leadership: classical, contingency, transformational, dispersed, relational etc. Theories of change: planned, organisation development, action, situational, processual. Consideration of the applicability of these different perspectives to the public sector and public services.

Year 2 Stage 2 PolicyAimTo develop an appreciation of the way in which policies are made and the effectiveness of different policy instruments in terms of achieving intended outcomes.

01 The School has ample IT facilities available for students.

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32 www.cardiff.ac.uk/carbsDegree programmes Transport and Maritime

Logistics, Transport and Maritime Degree Programmes

The MSc in Logistics and Operations Management, MSc International Transport, MSc in Marine Policy and the Diploma in Port and Shipping Administration draw on the expertise of Logistics faculty who are known world-wide for their work in the areas of transport and maritime studies.

Cardiff University has traditionally served the maritime community and has continued to give attention to the particular needs of the shipping industry for a degree appropriate to those employed, or intending to be employed, by shipping companies or in related commercial fields. Inrecent years its target area has become wider, so candidates with particular backgrounds may opt for an appropriate combination of subjects relating to their principal interests, whether in the areas of transport, shipping, logistics or operations management. The staff teaching on the MSc and Diploma programmes are active in UK and EU bodies such as the International Maritime Statistics Forum, the Logistics Research Network and NEPTUNE (the European Union network of universities and research institutions engaged in waterborne transport research). They are editors/guest editors and members of editorial boards of international academic journals and are recognised world-wide for their academic publications and contributions to international conferences. The Logistics and Operations Management section at Cardiff is only surpassed by Cranfield School of Management in the quality of its published research, as ranked in a recent research evaluation by an independent body.

MSc Programme StructureThe degree programmes for the MSc in Logistics and Operations Management, International Transport and Marine Policy consist of a taught component covering two academic semesters. During this period, students attend lectures and tutorials coupled with directed reading and, in some modules, case study exercises. Students must achieve a satisfactory standard in assessed work and examinations covering the taught component. Following this, students are expected to conduct individual research work during the summer culminating in the submission of a dissertation.

Diploma StructureThe structure of the Diploma closely follows that of the MSc, but without the requirement to produce a dissertation. Instead, students produce a 5,000 word project, which is weighted the same as each of the three taught modules that they follow over the 9 months of the programme.

AssessmentThe approach to learning on these programmes means that a reasonable emphasis is placed upon continuous assessment. In the taught component, assessment involves examinations, essays and project work. MSc candidates who are successful in the taught component proceed to stage two of the programme and prepare a dissertation, due for submission in September. Candidates who achieve an appropriately high standard in the examination and dissertation stages are eligible for the award of the degree with distinction.

MSc Logistics and Operations ManagementMSc International TransportMSc Marine PolicyDiploma in Port and Shipping Administration

Our Logistics, Transport and Maritime Modules draw from one common pool of modules. Students will select different options depending on the programme they follow. Module information is listed below.

Module Syllabi

E Commerce and Information TechnologyThe E Commerce and Information Technology module develops an understanding of the use of IT in the transport and logistics sectors. In the first semester the application of information technology in logistics, shipping and land transport is investigated. In the second semester electronic commerce and the new trading environment are addressed. The problems with paper based trading; the technology components of EDI; EDI and E-commerce in the transport sector; E-commerce in different countries; Internet based E-commerce; E-Business and Supply Chain Management; Legal and security issues are considered.

International Logistics and Supply Chain ManagementThe Logistics and Supply Chain Management module develops an understanding of supply chains and the contemporary issues that affect their management. It investigates the strategic decision making processes involved in supply chain design and develops an appreciation of the need to consider the process, technology, cost and people elements of supply chain management. The syllabi includes: Contemporary trends in international logistics, supply chain management (SCM) and globalisation; Concepts and frameworks for SCM analysis and strategic advantage; Supply chain competition; ICT in SCM; Value and customer service; Outsourcing and make vs buy strategies; Relationship management; the role of transport logisticsand forecasting in supply chains; third and fourth party logistics providers; benchmarking and performance management.

Operations ManagementThe Operations Management module draws upon the latest techniques, systems and thinking in operations management. The module develops, applies and consolidates learning through solving problems relating to the real world of operations management. The module raises a range of topics including: Personal time management and effectiveness; Process structure and choice; Quality; Operations strategy; Activity sampling; Economics of Operations; Project management, Inventory management; Emerging topics in Operations Management.

International Shipping PolicyThe international regulatory environment; Flag State functions and Port state control co-ordination; International versus regional and unilateral regulation; Political, military and violent threats to shipping; International Trade and International Shipping; Safety Output and Measurement; Formal Safety Assessment and Economic Methods of Appraisal; Accident analysis; Critical review of the regulation of marine safety; Flags of Convenience.

‘Cardiff is everything I was looking for in a Business School: the student body is diverse and the course is challenging and rigorous. The international focus of the programme meant that we benefited from a wide variety of perspectives.’

Poti Chao, PhD candidate, Cardiff Business School



02 03

01, 03 A lecture finishes at the Julian Hodge Building.

02 The University boasts excellent library and resource facilities.

International Trade and Transportation LawNature of and problems of the private law of international trade; The function of and requirements in respect of shipping documents, particularly bills of lading; Introduction to the principles of English law governing contracts for the carriage of goods with particular reference to the concept of bailment; The relationship between the principles and the restrictions of privity of contract and the restrictions on freedom of contract in relation to contracts of carriage; The rules governing international carriage of goods with particular reference to individual conventions as applied in English law.

International Transport OperationsMultimodal transport operations, concepts and components; Legal framework; Landbridges: surface versus sea transport; Case studies in international transport management; International aviation regulation; Airline management; Air cargo operations; Airport services and management.

Law of Carriage of Goods by SeaTypes of Charterparties: demise, time and voyage; Standard forms of Charterparties and legal analysis of the clauses; Bills of lading, functions, identifying the carrier, incorporation clauses, privity of contract, the Carriage of Goods by Sea Act 1971 and 1992; The Hamburg Rules; The law of freight; Laytime and demurrage.

Law of Marine InsuranceIntroduction – the nature of marine insurance; The Form of the Policy; The Institute Clauses; The Insured Perils - Included and Excluded Losses; Insurable Interests; Time, Voyage and mixed policies; Commencement and Termination of Risks; Disclosure and Representations; Warranties - Express and Implied; The Measure of Indemnity – Total and Partial Losses; Actual and Constructive Total Losses; Particular Average Loss; General Average Loss; Salvage and Sue and Labour Charges.

Lean OperationsThe Lean Operations module uses real case studies of lean operations to provide the student with a deep understanding of identifying and improving operational performance and the lean principles involved in the management of operations. Aspects covered include: Lean thinking concepts; Value and waste; Demand management and level scheduling; Kaizen and continuous improvement; Value stream mapping; The Quick Scan; TQM, six sigma and quality; Production management, layout, line balancing, Nagare lines; Materials management, Push v Pull, Kanbans, JIT, MRP, OPT.

Logistics and Transport ModellingThe Logistics & Transport Modelling module provides an understanding of the use of quantitative and qualitative modules in supply chain, using real industrial case studies and develops a capability to make system wide

supply chain decisions. The module covers: Concept of logistics and the supply chain; Supply chain practices; Holistic approaches to supply chain management; The role of inventory in supply chains; The ‘Beer Game’ as a demonstration of supply chain dynamic behaviour; Modelling and simulation of inventory and ordering systems; Modelling and simulation of supply chains; Strategies for effective supply chain management; Transportation models and applications in logistics; Queuing theory and congestion; Simulation (discrete event) and case studies in transport, including port simulation; Forecasting models using time series; The role of transport in supply-chain management.

Port Policy and ManagementPort ownership and administration; Deregulation and institutional reforms in the port transport industry; Principles of management organisation; Port marketing and the commercial function; Port location; Employment reforms and policies; Port financial objectives; Port pricing and tariff structures; Environmental objectives in port management.

Shipping EconomicsIntroduction to the shipping markets; Bulk shipping markets including specialised markets; The economic mechanisms in shipping; Cyclical fluctuations; Forecasting and modelling of shipping; The limits of forecasting; Shipping Costs and shipping competitiveness; Aspects of shipping management; The nature of liner shipping; The structure of the liner market; Costing and pricing of liner shipping services;Co-operation and competition in shipping; National and International Policy issues.

International Transport and Sustainable BusinessInternational Transport & Sustainable Business equips students with an understanding of sustainable business environmental auditing and the contribution that transportation can make to future sustainable societies.

Concepts of business and sustainability; Industrial ecology; Green consumers; The Factor X debate; Environmental economics; Eco-industrial parks; Closed loop systems; Innovative business models and sustainable competition; Business strategy and the environment; Relationships between economic geography, transportation and sustainability; Methods to assess environmental performance; Major environmental and related issues for the transportation sector including resource consumption, pollution, global warming, noise, safety, and impact on socio-spatial structures.

The DissertationThe Dissertation is the final element of the MSc where students undertake a practical project of 15,000 words in the area of transport, logistics, operations or supply chain management that builds upon the taught elements of the programme.



MSc in Logistics and Operations Management

MSc in International Transport

The MSc in Logistics and Operations Management develops students’ academic and technical skills, providing the breadth of understanding that is an essential requisite for successful careers in logistics, supply chain and operations management.

This Programme provides a thorough understanding of the disciplines of logistics, supply chains and operations management at postgraduate level, delivered by highly qualified faculty operating in their areas of expertise and research. It enables students to select particular aspects of logistics, operations and supply chain management and cognate disciplines that suit their own individual interests and requirements within a framework which ensures that the totality of modules followed represents a coherent learning experience.

ProgrammeStudents must undertake one compulsory module:• Operations Management

and at least one module from• International and Logistics and Supply Chain Management• Logistics & Transport Modelling

Plus one or two modules (to make up a total of four modules) from:• Lean Operations• e-Commerce & Information Technology• International Transport & Sustainable Business

Followed by a 15,000 word dissertation.

Module descriptions can be found on page 32 and 33

Transport is essential to every society and accounts for a significant proportion of the cost of most activities. It is a large and complex industry, which includes a wide diversity of firms and organisations in the shipping ports and logistics sectors, as well as supply chain and support service. Today’s transport industry demands well-educated and adaptable managers at all levels, whether policy-making, logistical, technological or operational. The study of shipping transport and logistics is challenging because it brings together several academic disciplines and addresses a variety of issues, ranging from the management of local transport operations and individual enterprises to the provision of global transport infrastructure and its impact on the environment. Transport is at the forefront of technological development, especially in applications of information technology and vehicle design; it provides new business opportunities in the areas of logistics and ecommerce. The MSc in International Transport is a business-oriented postgraduate degree for those in, or intending to enter, the international shipping/transport and international logistics sectors. The programme aims to develop the capacity to make an effective contribution at the highest level to the planning and management of international transport undertakings. The programme is particularly suitable for those who are, or aim to be, senior managers in firms involved in transport/shipping operations on an international or national basis, working in the development and management of resources, or in a central government position. The programme of study for each student is selected from a wide range of options, so that a programme can be tailored to previous or current work experience, or may be designed to widen the student’s range of expertise.

ProgrammeStudents must undertake one compulsory module:• International Transport Operations

Plus three optional modules from:• Port Policy and Management• Shipping Economics• Electronic Commerce and Information Technology• Logistics and Transport Modelling• International Logistics & Supply Chain Management• International Trade and Transportation Law• Law of Carriage of Goods by Sea• Law of Marine Insurance• Transport and Sustainable Business

Followed by a 15,000 word dissertation.Note: a maximum of two law modules may be chosen.




MSc in Marine Policy

01

The Diploma in Port and Shipping Administration (DPSA) is recognisedworldwide as a professional qualification for those employed in the port and shipping industries. The programme is aimed at professionals already working in the port and shipping fields, or qualified people who wish to do so. The DPSA and MSc programmes have many common elements, the main difference between them being that the Diploma does not contain a dissertation component. Students often select the DPSA because of time constraints, as it can be completed in nine months of study as opposed to the full year for the MSc. Successful graduates may be considered for further studies at Cardiff.

ProgrammeProjectA compulsory 5,000 word project provides students with the opportunity to research a topic associated with port and shipping administration. The project is defined by students in co-operation with appropriate academic faculty teaching on the programme.

Plus three modules from:• Port Policy and Management• Electronic Commerce and Information Technology• Law of Carriage of Goods by Sea• Law of Marine Insurance• Shipping Economics• International Shipping Policy


The Transport and Maritime degree programmes draw from one common pool of modules. Students will select different options depending on which programme they follow. Module information is provided below.

01

Diploma in Port and Shipping Administration

The MSc in Marine Policy is a policy-oriented postgraduate degree for those wishing to work in the maritime sector. It is intended for those seeking careers at management level in areas such as international shipping, ports and harbours, and trade, in either the private sector or government agencies. The MSc is also intended for those already in the marine industry who wish to broaden their experience. The dissertation stage of the programme enables participants to further develop an area of special interest inthe maritime field. The programme aims to develop students’ capacity to make an effective contribution at the highest level in maritime related industries, as well as maritime administration. The MSc is practically orientated and draws heavily on the research and consultancy of faculty, reflecting the University’s leading international position in the field of maritime affairs.

ProgrammeStudents must undertake one compulsory module:• International Shipping Policy

Plus three optional modules from:• Port Policy and Management• Electronic Commerce and Information Technology• International Trade and Transportation Law• Law of Carriage of Goods by Sea• Law of Marine Insurance• Shipping Economics

Followed by a 15,000 word dissertation.Note: a maximum of two law modules may be chosen.



36 www.cardiff.ac.uk/carbsDegree programmes Logistics and Operations Management

01 The Civic Centre.

MSc in Strategic Marketing

The MSc in Strategic Marketing programme is a one-year, full-time programme designed to extend the knowledge of those wishing to develop a successful career in marketing. The programme allows students to explore the dynamic role and value of marketing in a variety of consumer, industrial and international markets. It provides a demanding and rigorous grounding in marketing concepts, techniques and applications and allows its graduates to apply these to a variety of organisations.

Important concerns for contemporary and future marketing campaigns are explored, such as marketing’s social role, data-driven interactive marketing, internationalisation and behavioural aspects of marketing.

The programme is designed to be practical as well as theoretical in its output. Cardiff has replaced the traditional dissertation requirement with a practical Marketing Plan, giving students the opportunity to test in a practical environment the skills acquired throughout the programme.

The MSc adopts a student-centred approach, based on guided study activities, team working, application, analysis, synthesis and evaluation of skill development designed to enhance your personal development.

It is our belief that candidates leaving us with the skills and knowledge provided by the programme will have a distinct advantage in the competitive jobs market.

The ProgrammeMSc in Strategic Marketing consists of two stages: the taught component and the Marketing Plan.

Stage 1: The Taught ComponentStudents study eight compulsory modules, designed to give a thorough understanding of the dynamic role and value of marketing and the changing marketing paradigm in a variety of consumer, industrial and international markets and in a variety of sectors.

Teaching sessions in both semesters use combinations of formal lectures, student-led seminars, discussions of key texts and video material, case study analyses and group problem-solving exercises. In addition students are required to undertake structured independent learning through the completion of assignments and directed reading. The electronic learning environment (Learning Central) is used to provide additional electronic readings, to communicate with students and to provide on-line communities for syndicate and group projects. Upon successful completion of Stage 1 students proceed to Stage 2 of the scheme, the Marketing Plan.

Stage 2: The Marketing Plan We recognize that students value the opportunity to test their

learning within a practical environment. We have therefore replaced the traditional dissertation with a practical Marketing Plan Project. You will work in a project team comprising three to five members, supervised by an academic expert on a real-life marketing problem in a business, public sector or non-profit organization.

The project team spends two months learning about the participating organization’s operating environment, analyzing their marketing problem, designing a marketing plan for the organization and presenting the proposed solution to their management board at a formal presentation.

Participating organisations could be small start-ups or established organizations, in various industries such as financial services, fashion retail, healthcare, IT services, hospitality, leisure and sports, charities and local council services. Previous marketing plan projects included branding, strategic positioning, communications, charity fundraising, social and public service marketing.”

AssessmentMost modules are assessed by the equivalent of one 3000 word assignment and one 2 hour examination. Some modules are assessed by continuous assessment (individual assignment and a group presentation). Others require smaller assessments to evaluate the more quantitative material (e.g. Strategic Marketing Systems).

01

Our programme is unique in being triple accredited by three leading marketing associations. Our students benefit from:• A Diploma in Direct and Interactive Marketing, awarded by the

Federation of European Direct and Interactive Marketing (FEDMA), upon successful completion

• Exemptions from the Chartered Institute of Marketing’s Professional Diploma

• The opportunity to join the Marketing Research Society, once they have achieved three years’ work experience

Semester 1 • Strategic Marketing Management• Strategic Marketing Systems• Research in Strategic Marketing• International Marketing

Semester 2• Integrated Marketing

Communications• Behavioural Aspects of Marketing• Marketing and Society• Electronic and Interactive

Marketing


37 www.cardiff.ac.uk/carbsDegree programmes Marketing and Strategy

Module Syllabi

Strategic Marketing ManagementThis module aims to explore and critically evaluate the theory, role and practice of strategic marketing management. In addition, the module aims to develop an appreciation of the theoretical and practical difficulties of devising and implementing market-led strategic change in a variety of contexts.

Syllabus includes the marketing model; organisational dynamics; marketing planning processes; marketing strategy and programmes and strategic approaches to relationship marketing.

Strategic Marketing SystemsThis module aims to enable students to develop both a theoretical and practical understanding of pricing policies in national and international markets. It also provides an underpinning of quantitative method knowledge for later modules and provides students with a detailed knowledge of supply chain management systems.

Syllabus includes financial and accountability systems; pricing systems, analysis of variance; Supply and distribution channel management systems and sales systems.

Research in Strategic Marketing This module aims to enable students to understand the main research methodologies and techniques within a marketing context, choose a suitable method for a given research problem, conduct research and interpret findings. The syllabus includes: marketing information systems, stages in research process; research proposal; exploratory and conclusive research; secondary and primary data; sampling issues, observation; qualitative research, questionnaire design, interviewing; omnibus surveys; experimental design; continuous research; market research; product research; brand share prediction; innovation research; branding and packaging research; pricing research: simulated tests; retail and distribution research; promotion research; data preparation, entry and analysis, research reporting; research ethics and environmental scanning.

International Marketing This module aims to provide an understanding of the contextual factors, strategic and administrative mechanisms and organisational processes relevant to establishing and maintaining effective international marketing strategies. This will be accomplished by exploring the practical and theoretical foundations of international and global marketing activities.

Syllabus includes the scope and challenge of international marketing; the international business environment; the international technology environment; researching international markets and the development of international marketing strategies.

Integrated Marketing CommunicationsThe aim of this module is to develop an applied and practical

approach to understanding of marketing communications theory and practice in the national and international contexts.

The module develops a more practical and applied approach in assessing and managing integrated marketing communication strategies and plans based on briefs and scenarios. Previous and current marketing communication campaigns and case studies inform the theoretical and practical contents of this module.

Syllabus includes integrated marketing communications models, tools, media and message strategies; strategic aims of marketing communications; utilising communication strategies to achieve competitive advantage and creating value; marketing communication planning frameworks and executions in different contexts; strategic role of branding and corporate identity, role and value of agencies in marketing communications; selecting and managing agencies; agency-client relationships.

Behavioural Aspects of Marketing This module aims to develop a critical understanding of the behavioural aspects of marketing in both theory and practice in national and international contexts. In this regard, the focus is on developing a critical understanding of consumer and organisational buying and marketing communications in an ever-changing market environment. This will be accomplished by a critical review of conceptual and practical applications of behavioural aspects of marketing as well as the underlying processes, policies and practices.

Syllabus includes cognitive and situational underpinning of consumer and organisational buying; negotiation skills in personal selling; creativity in message formation across marketing communications

Marketing and SocietyThis module aims to expand students’ strategic marketing knowledge and increase students’ understanding and skills to incorporate a critical consideration of social, ethical and environmental issues and concerns. It provides ethical frameworks within which marketing and marketers can operate and enables students to apply strategic marketing practices within social and not-for-profit contents.

Syllabus includes role and consequences of marketing in society; marketing and regulation; social responsibility; sustainability; globalisation and development; gender and ethnicity; pressure groups and consumer resistance; social and not-for-profit marketing.

Electronic and interactive MarketingThis module provides a framework for implementing data-informed marketing and interactive marketing within a strategic marketing context, paying due regard to changes in the traditional marketing paradigm, to the dynamic digital technological environment and to social responsibilities of marketing.

Syllabus includes reasons for the growth of interactive and e-marketing; marketing databases; implications for integrated marketing; data fusion and data mining; customer-marketer interaction; issues of privacy, security and social responsibility.

‘The programme is more than just a syllabus. It offers a way of thinking which is way ahead of most textbooks and is truly cutting edge.Thanks to my qualifications, I was able to get a job as Senior Consultant for Hill & Knowlton, an international public relations company. I work with international clients including: Daimler, Mercedes-Benz, Continental Airlines, BP and Jones Lang Lasalle..’

Andrew Griffiths Senior Consultant, Hill and Knowlton (Beijing)

01 The Civic Centre.


38 www.cardiff.ac.uk/carbsDegree programmes Marketing and Strategy


39 www.cardiff.ac.uk/carbsDegree programmes Research

Research

Research is a defining feature of Cardiff Business School, one of the leading UK academic institutions for the study of business and management. The School’s mission is to produce research of international standing which covers all areas of management and business studies. In the last Research Assessment Exercise, the School was ranked 4th in the UK for the quality of its research. The School also has recognition from the Economic & Social Research Council (ESRC) for its prestigious PhD programme.

The teaching and research faculty at the School totals over 150 including 54 professors. Of the 2,600 students studying at the Business School, approximately a thousand are postgraduates. Over 150 candidates are currently enrolled on the PhD programme.

Research is organised, in the first instance, around the School’s main subject sections, namely:

• Accounting and Finance• Economics• Human Resource Management• Logistics and Operations Management• Marketing and Strategy

These provide a broad disciplinary home for individuals, as well as co-ordinating research, teaching and administration. Within these areas, however, supervision is available across a wide range of research topics and applicants are encouraged to visit the School website for more detailed information on research groups and individual staff research interests.

PhD ProgrammeCardiff Business School offers opportunities for full-time and part-time study leading to the degree of PhD. Our PhD programme is 4 years in length for full-time students and the start date is normally late September. The entry requirement is at least an upper second class honours degree or equivalent. Please note that candidates whose first language is not English will normally be expected to obtain a minimum score of 600 on TOEFL (250 on computer-based marking or 100 in the iBT TOEFL) or band 7.0 on IELTS with a minimum of 7.0 in writing is required.

FundingA number of Doctoral Studentships funded by the Business School are available annually for students of any nationality. They may cover the cost of both tuition fees and living expenses. If you would like to be considered for a studentship, please indicate in the funding section of the online application form that you wish to apply for a Cardiff Business School Studentship. Deadlines for application are available on the School website.

Each year Cardiff Business School has a number of ESRC studentships in Business and Management, and Economics, to award via the ESRC Wales Doctoral Training Centre.

‘I initially decided to pursue a taught postgraduate course to enhance my employment potential, but decided to stay on and read for my doctorate because of the encouragement and enthusiasm offered by members of staff at all levels within the School. Cardiff Business School has an enviable reputation, both in the UK and abroad, and the support offered to postgraduate students in the School is exceptional.’

Geraint Harvey. PhD in Human Resource Management.

Further information:

PhD Programme OfficeTel: +44 (0)29 2087 6786Fax: +44 (0)29 2087 4419Email: [email protected]: www.cf.ac.uk/carbs/programmes/phd.html


40

Entry requirements, fees and award of degree

MSc in Accounting and FinanceA good honours degree in accounting and finance (either separately or combined) from a recognised institution. However at the same time we recognise that appropriate work experience is an important component in deciding on suitability for entry and this will be taken into account, with particular emphasis given to postgraduate experience directly related to the programme of study.

MSc in FinanceApplications are welcomed from graduates of leading universities with at least an upper second honours degree (or equivalent) in a highly analytical or quantitative discipline, such as finance, economics with finance, mathematics, engineering or physics. Given the programme’s quantitative nature, applicants with a first degree in finance or economics with finance are expected to show evidence of knowledge in analytical finance, statistics, econometrics and quantitative methods.

MSc in International Economics, Banking and Finance, MSc in Economics, MSc in Financial Economics, MSc in International Economics and Public Policy A good honours degree in a relevant subject.

MSc in International Transport, MSc in Marine Policy, Diploma in Port and Shipping AdministrationGraduates of an approved university with a good honours degree in business, social sciences, humanities, law or other relevant subjects.

MSc in Human Resource ManagementGraduates of an approved university with a good honours degree in business, social sciences, humanities, law or other relevant subjects.

MSc in Logistics and Operations ManagementCandidates will normally possess an initial degree in the Logistics, Engineering, Business and/or Management areas with some introduction to supply chain and/or operations management.

Master of Public Administration (MPA)At least two years’ managerial work experience in any public, voluntary or private sector organisation responsible for the delivery of public services. Additionally, applicants should have one of the following: a good first degree; equivalent professional training in any core public service; in exceptional circumstances, neither of the above, but at least five years’ managerial work experience in a public service environment.

MSc in Strategic MarketingGraduates of approved universities with a good honours degree or equivalent degree, normally in the Business and Management area, and/or one which normally covers a minimum of two marketing modules. Candidates are normally expected to have a work experience of minimum two years in a position of responsibility relevant to the scheme.

Candidates are usually selected on the basis of their potential ability to study at a postgraduate level. At the discretion of the Programme Director, non-graduates whose relative lack of formal qualifications is compensated for by their age and relevant work experience may also be admitted to candidature provided a) the candidate is aged 25 or more, and/or b) the candidate has held, for a minimum period of two years, a position of responsibility relevant to the scheme.

English language entry requirements:Applicants for MSc Accounting and Finance, MSc Finance, MSc International Transport, MSc Logistics and Operations Management, MSc Marine Policy and Diploma in Shipping and Ports Administration will require a minimum of 6.0 in each individual category. For those applicants whose first language is not English or have not had a substantial part of their education taught in the English language, evidence of their ability in the English language is required. For most of our degree programmes this would normally be a score of 570 on TOEFL (230 on computer-based marking or 90 in the iBT TOEFL) or band 6.5 on IELTS. Please note that the MSc Human Resources Management and the MSc in Strategic Marketing requires applicants to have achieved a score of IELTS 7.0 with minimum scores of 6.0 in each individual category. Conditional offers can be made subject to completion of a pre-sessional English language course, please see the University’s webpages for more detail.

Fees and FundingA full list of postgraduate tuition fees is available on our Postgraduate Study website at www.cardiff.ac.uk/postgraduate/pgfees

The majority of students on MSc programmes (with the exception of the Master of Public Administration) will be self-funding. Information about possible sources of support can be found on the University’s website at www.cardiff.ac.uk/postgraduate/pgfunding (UK and EU students) and www.cardiff.ac.uk/international (non-EU students)

Award of the DegreeCandidates who satisfy the examiners and comply with regulations regarding residence and the time limit for submission of their dissertations, will be awarded the degree of MSc/Diploma of Cardiff University. Conferral of degrees is subject to completion of financial obligations to the institution.

Research www.cardiff.ac.uk/carbs


41 Entry www.cardiff.ac.uk/carbs

Applying to Cardiff Business School

The Application ProcedureThe submission of an early application is advisable, preferably before the 31st July of the year of entry.

Applications can be made online by visiting:http://www.cardiff.ac.uk/for/prospective/pg/apply/index.html

We strongly recommend that you apply online if possible, which gives you the opportunity to track the progress of your application. However, it is possible to apply by post. To apply by post, please visit:http://www.cardiff.ac.uk/for/prospective/pg/apply/index.htmland download the application forms or request these by post. Completed application forms should be sent to:

AdmissionsRegistryCardiff University30-36 Newport RoadPO Box 927Cardiff CF24 0DEUK

For help with your application form please contact the University’s Admissions team:

Email: [email protected]: +44 (0)29 2087 9999

To read about our successful alumni or to read a copy of Synergy magazine, please visit: www.cf.ac.uk/carbs

Overseas ApplicationsIf you are student from outside the EU and wish to meet a representative from Cardiff Business School in your home country, you will be pleased to know that Mr Don Barry, Director of International Students and Ms Sarah Rees, International Recruitment Manager travel overseas on a regular basis and will be available to counsel and interview you. Don and Sarah regularly visit education exhibitions, as well as representative offices of the University in many different countries and will be happy to assist you with your application. If you have any queries about applying as an international student please contact our International Office on [email protected] or +44 (0)29 2087 6029.For full details of overseas visits and University representatives please refer to www.cf.ac.uk/carbs/programmes/masters/international.html.

Useful Application InformationCardiff University now offers an online application process which allows you to track the progress of your application. Full guidance notes are provided throughout the application process. Your application is an important part of the admissions procedure. Applicants should therefore take considerable care in completing the application task in order to provide the information required in a clear way and to present themselves in the best light. We strongly recommend that you ensure that your application is completed in full to avoid any delays. Applicants should enter in the relevant section of the application form the names and addresses of two persons from whom academic references can be obtained. Candidates should contact their chosen referees and ask for a reference to be sent to the Cardiff Business School at the address opposite. Referees’ reports should give an opinion of the applicant’s academic ability and suitability for the programme. Each report should be clearly marked with the programme title and should state the candidate’s full name as given in the application process.

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01 02 The Business School.


Terms and Conditions Every effort has been made to ensure that the information contained within this brochure is correct at the time of going to press in July 2011. However, the University does not accept any liability for any errors that it may contain, or for any subsequent changes to the University or Government policy that may affect the information given. Cardiff University expressly excludes any representations or warranties (whether expressed or implied) and all liability including direct, indirect, special, incidental or consequential damages arising out of the use of the information on these pages, to the fullest extent possible under law.

The pulp used in the production of this paper is obtained from sustainably managed Scandinavian tree farms and utilizes an elementary chlorine-free bleaching process.

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Tel: +44 (0)29 2087 6029Fax: +44 (0)29 2087 5666Email: [email protected] www.cardiff.ac.uk/carbs

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2012 cbs specialist masters prospectus

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