Program Overview

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Overview of the Monetary Policy and International Finance Credential Program

The Monetary Policy and International Finance (MPIF) Credential Program is designed for undergraduate students, graduate students, and working professionals interested in monetary and international finance policy areas. This program offers rigorous interactive academic training from Peking University and University of Chicago faculty at the PKU campus in Beijing, China.

Features of the Program

• Rigorous interactive academic training from Peking University and University of Chicago faculty at the PKU campus in Beijing, China.
• Capstone presentation seminar experience with faculty supervision.
• Field trips and visits to financial organizations to expand career knowledge and industry network.
• Shareable certification of completion to showcase knowledge and skills.
• Learners across all backgrounds and levels are welcome.

Program Details

• Subjects: Monetary Policy, Fiscal Policy, International Finance
• Level: All levels welcome
• Duration: 2 weeks, 15-20 hours per week
• Dates: July 20 - July 31, 2026
• Cost: $3,000 with various discount types
• Format: In-person at the Peking University campus in Beijing, China

Curriculum

The program is jointly taught by top faculty members at Peking University and the University of Chicago Harris School of Public Policy, together with global industry leaders for additional career and network sharing. The curriculum includes:

• Study money and banking in the modern world
• Examine the monetary systems of different nations
• Examine the roles of central and commercial banks
• Discuss the policy choices of governments and central banks and their effects on domestic interest rates and foreign exchange rates
• Analyze the role of commercial banks along with the complexities that arise when central banks must act as lender of last resort in times of financial stress
• Network with, and hear insights and career advice from leading practitioners in the U.S. and China finance sectors

Who Will Benefit

This program is a fit if you:

• Are interested in monetary policy, banking, or international finance.
• Are considering a graduate degree or professional path in the field of economics, finance, data analytics, or public policy.
• Are seeking a robust foundation in financial institutions and policies.
• Have limited or no experience in economics, econometrics, or statistics.

What You Will Learn

• Intro to Macro: Real and Financial Economy
• Banks and Deposits
• Monetary Theory – Conventional (Quantity Theory & Taylor Rule (New Keynesian))
• New Monetary Theory
• Financial Crises
• National Accounting, Balance of Payments and International Wealth Allocation
• International Financial Market Foundation and FX dynamics
• History of International Monetary Experience and China’s approach
• Monetary and Exchange Rate Policy in the International Context
• The US Dollar Dominance and its Looming Collapse

Group Culmination Project

In groups of three or four, choose a policy issue to analyze and present policy recommendations based on course content and your own research. A limited number of faculty-selected groups will give a final presentation to faculty, peers, and invited guests.

Program Fee & Payment

The program fee is $3,000. We offer partial discounts to early action applicants, PKU and UChicago community members. In addition, we support applicants to explore funding sources from your academic institution, employer, or external scholarships.

• Audience | Fee
  • General Applicant | $3,000
  • Early Action Applicant | $2,700
  • Current PKU / UChicago students or alumni | $2,500
  • Organizational Sponsorship for 3+ Applicants | Contact us to discuss group
  • If enrolling in two or more credential programs during the same cycle | Receive an additional 20% discount on the program fees (After the initial discounts and scholarships)

Admissions

We welcome participants across all walks of life including undergraduates, graduates, recent grads, and professionals worldwide to join our program. The online application is free and convenient to complete.

Eligibility

• Minimum age of 18
• One-year, full-time undergraduate study completed at least one month prior to the start of the program

How to Apply

• Start your online application today.
• Motivation statement (300-word limit) describing why you want to join the program and how it will benefit your future development.
• Resume (1-2 pages recommended).
• Unofficial Academic Transcripts -
  • Must include your full name, institution/university name. Transcripts must include the course names, dates (term and year), grades and grading scales for each year of post-secondary education (college or university).
  • Provide a transcript for each degree conferred (undergraduate and graduate).
  • Unofficial transcripts are accepted.
  • English translation must be submitted for all foreign language transcripts.
• English language proficiency proof for some international applicants.

Application Deadline

Application Deadline	Notification	Reply Deadline
Early Action	December 2, 2025	Mid-December	December 30, 2025
Round 1	January 20, 2026	Early February	February 17, 2026
Round 2	March 10, 2026	Late March	April 14, 2026
Round 3	April 21, 2026	Mid-May	May 19, 2026
Round 4	May 19, 2026	Late May	June 2, 2026

Frequently Asked Questions

Explore the MPIF Program FAQ section for quick answers to common program inquiries. Find valuable information about admissions, program fees, and more, ensuring a smooth and informed MPIF Program experience.

Are there any prerequisites of joining MPIF?

MPIF content is rigorous, but we accommodate participants of all backgrounds. There are no prerequisites for this program. Our aim is to provide support and guidance to help you succeed, regardless of your prior experience.

What do the housing options and campus access look like?

For participants who need accommodation support, we provide on-campus housing at the PKU Global Village (opposite PKU east gate) for the duration of the program. The dormitories are consisted of two or three bedrooms (one student occupies one room) with a shared living room and shared bathroom. Please note that vacancy is limited and on first-apply first served basis, and the housing fee is not included in the program fee.

Is this a for-credit program?

The program is a non-credit program. You will receive a shareable certification from Peking University and the University of Chicago Harris School of Public Policy upon completion to showcase your academic rigor after successfully completing the program.

Are scholarships offered for MPIF?

The program fee is $3,000. We offer partial discounts to early action applicants, PKU and UChicago community members.

Eligible applicants may be considered for the Community Impact Scholarship, which provides $500 to MPIF participants. The scholarship application is included in the MPIF application and awards are determined at the time of admission. Please note that recipients of the Community Impact Scholarship will not be considered for additional discounts.