MSc Economics and Econometrics - Economics and Econometrics Degree

Program Overview

The MSc Economics and Econometrics program at the University of Essex is a one-year, full-time program that provides students with a deep understanding of econometrics and its application to various economic topics. Students develop advanced quantitative analysis skills within a research-driven environment and are prepared for careers in business, government, and academia.

Program Outline

Degree Overview:

The MSc Economics and Econometrics program at the University of Essex is a one-year, full-time program designed for students who want to delve into advanced quantitative analysis within a research-driven environment. The program emphasizes the foundations of econometrics and its application to various economic topics.

Objectives:

The program aims to:

• Equip students with a strong understanding of econometric methods and their application to economic issues.
• Develop students' ability to critically assess empirical findings in applied economics.
• Provide students with the skills necessary to conduct independent research using econometric methods.

Description:

The program covers a wide range of topics, including:

• Statistical foundations for various estimating methods
• Testing economic hypotheses
• The classical linear regression model
• Asymptotic methods in econometrics
• Analysis of stock markets and financial data
The program benefits from the University of Essex's strong research power in economics and econometrics, ranking 4th in the UK (Times Higher Education research power measure, Research Excellence Framework 2021). The program's research strengths lie in:
• Game theory and strategic interactions
• Theoretical and applied econometrics
• Labour economics
The program's faculty includes prominent economists who publish in high-profile academic journals like the American Economic Review, Econometrica, and Review of Economic Studies. Students have the opportunity to study abroad at partner institutions and earn a dual degree.

Outline:

Year 1

• Component 01: COMPULSORY (20 CREDITS)
• Microeconomics:
This module explores the concepts and methods of modern microeconomics, covering topics like contract theory, equilibrium concepts in game theory, and market signaling.
• Component 02: COMPULSORY (20 CREDITS)
• Macroeconomics:
This module focuses on the main issues facing modern macroeconomists and critically assesses macroeconomic policies.
• Component 03: COMPULSORY (20 CREDITS)
• Time Series Econometrics:
This module examines econometric methods for analyzing stationary and non-stationary time series, including estimation and inference techniques.
• Option from departmental list:
Students can choose from a variety of optional modules offered by the department.
• Component 06: CORE (40 CREDITS)
• Dissertation:
Students undertake a supervised research project on a specific economic issue or problem.

Teaching:

• Postgraduate students attend two-hour lectures and one-hour classes or labs per week for each module.
• Students are encouraged to attend conferences and seminars.

Assessment:

• Each module is assessed through a final examination and a coursework component.
• Coursework takes the form of a term paper or a midterm test.
• The dissertation involves an in-depth study of a specific economic problem or issue under individual supervision.

Careers:

• The program prepares students for careers in various fields, including:
• Business and financial analysts
• Management consultants
• Government officials
• Economists for banks and financial organizations
• The program develops key employability skills such as statistical analysis, mathematical techniques, research, analytical reasoning, and modeling.

Other:

• The program offers a number of postgraduate taught double degrees with international partners, allowing students to earn two Masters degrees in a shorter time.
• The program is continually evolving to address the latest challenges and breakthroughs in the field.
• The University of Essex provides a wide range of learning resources, including:
• Extensive software for quantitative analysis in computer labs
• Access to economics databases and textbooks in the Albert Sloman Library
• The University will inform students of any material changes to the program, such as changes to course content, delivery methods, or facilities.

• Home/UK fee £14,300
• International fee £22,400