Program Overview
The MSc Economics program provides students with advanced knowledge in economic theory and methods, preparing them for analytical careers in economics, PhD studies, or research. The program offers rigorous training in core economic concepts, research skills, and optional specializations, equipping graduates for diverse career paths in consulting, research, government, international agencies, and the financial sector. The program boasts a strong international research reputation and offers opportunities for student engagement in research events and conferences.
Program Outline
Degree Overview:
The MSc Economics programme is designed for students with a background in Economics who wish to deepen their knowledge. The programme provides the tools to address global challenges by analyzing problems and finding solutions. It equips students for analytical careers in Economics, prepares them for a PhD, and offers intensive support from a supervisor closely aligned to the student's dissertation topic. The curriculum includes rigorous training in economic theory and methods, making graduates highly marketable.
Outline:
The programme consists of a three-block structure with compulsory modules, a dissertation, and optional modules:
Compulsory Modules:
- Dissertation: A substantial piece of independent work allowing students to apply research techniques and economic theory to a chosen topic, which can be based on course studies or professional experience. The dissertation is supervised by a faculty member.
- Econometrics and Data Analysis: Introduces students to empirical analysis techniques used in various fields, including microeconomics, macroeconomics, and finance. The focus is on practical implementation.
- Macroeconomics: Provides an overview of modern macroeconomic methods and models. Topics include intertemporal decisions, workhorse models, economic growth theory, the Real-Business-Cycle approach, Classical Monetary and New-Keynesian models.
- Microeconomics: Expands upon undergraduate microeconomics concepts and principles, delving into specific areas of study such as consumer and firm behavior, game theory, and asymmetric information.
- Research Skills for Economists: This module covers quantitative and empirical tools, refreshing mathematical methods, teaching advanced optimization methods, and providing instruction on applying econometric techniques using Stata software.
Optional Modules:
- Behavioural Finance: Explores asset pricing in situations where market imperfections intersect with investor irrationality. It covers topics like the efficient markets hypothesis, limits to arbitrage, heuristics, biases, prospect theory, bubbles, and behavioral portfolio theory.
- Environmental Economics: Provides an introduction to key concepts, tools, and methods in environmental economics. It examines policy applications, market failures, and the potential contributions of the private sector and individuals.
- Financial Econometrics: Equips students with skills in data science, financial econometrics, and quantitative finance to analyze asset price dynamics using high-frequency data. It covers topics like volatility estimators, price volatility forecasting, and risk assessment.
- Health Economics: Focuses on the microeconomics of health and healthcare, covering theoretical and empirical topics. It aims to provide students with a comprehensive set of economic tools to critically appraise issues in the economics of health and global health systems.
- Industrial Organisation: Examines topics in the field of industrial organization, focusing on the theory of the firm and the industry. It covers oligopoly theory, competitive and monopolistic markets, and strategic firm behavior in price and non-price competition.
- International Money and Banking: Studies the practical operation of banking institutions, covering topics like banks’ role in the payments system, transmitting monetary and fiscal policy, and the financial crisis of 2008.
- Labour Economics: Explores the effects of large-scale shocks and government policies on modern labor markets. It examines topics like government policies, organizational policies, natural disasters, crime, and conflicts.
- Public Economics and Political Economy: Examines the role of government interventions in the economy, exploring topics like market failures, efficiency, optimal policies, tax evasion, redistribution, voter and politician incentives, and the influence of media, special interests, and lobbying.
Careers:
The MSc Economics programme prepares students for a variety of career paths, including:
- Consulting companies
- Research centres
- Government departments
- International agencies
- Financial sector
Other:
The programme offers a strong international research reputation in areas such as game theory, industrial organization, econometrics, applied microeconomics, empirical macroeconomics, labor economics, and the economics of education. Students are invited to special guest lectures, research events, a weekly seminar series, and annual workshops and conferences on subjects such as game theory and macroeconomics.
| Category | Details |
| ----- | ----- | | Local Fees | £15,650 | | International Fees | £26,250 |
