MSc Quantitative Economics

Program Overview

The MSc Quantitative Economics program at UCD equips students with advanced research methods in economics, emphasizing mathematical and statistical modeling. They specialize in areas like statistics, behavioural economics, or environmental economics. The program culminates in a supervised research thesis, preparing graduates for careers as professional economists or further academic pursuits in economics.

Program Outline

Degree Overview:

This MSc Quantitative Economics program provides a rigorous grounding in using mathematical and statistical methods to derive, test, and apply formal economic models. It aims to equip students with the skills necessary for PhD-level study in economics or employment as a professional economist in roles requiring analytical methods to solve economic problems. The program emphasizes advanced research methods and includes a supervised research thesis.

Objectives:

• Develop a rigorous understanding of economic principles.
• Prepare students for careers as economists or PhD studies in economics.
• Train students in using mathematical and statistical methods to analyze economic problems.
• Provide a strong foundation in fundamental economic concepts.
• Encourage students to engage with cutting-edge research and real-world experiences of economists.

Outline:

Structure:

• The program is delivered over one year for full-time students and two years for part-time students.
• It includes core modules in microeconomics, macroeconomics, and econometrics.
• Students can choose a two-term specialization in one of the following areas:
• Statistics
• Behavioural Economics
• Law and Economics of Competition
• Environmental and Energy Economics
• Development Economics and Trade
• The program culminates in a supervised research thesis.

Course Schedule:

• Semester 1: Small-group teaching in microeconomics, macroeconomics, quantitative analysis, and econometrics.
• Semester 2: Small-group teaching in elective subjects (e.g., international trade) and more advanced courses in core topics.
• Summer Semester: Thesis research, including identifying and articulating a research problem, developing and executing a research plan, and presenting a report.

Modules:

• Core Modules:
• Microeconomics
• Macroeconomics
• Econometrics
• Elective Modules:
• Statistics
• Behavioural Economics
• Law and Economics of Competition
• Environmental and Energy Economics
• Development Economics and Trade

Module Descriptions:

• Microeconomics: Covers fundamental concepts of microeconomics, including consumer theory, producer theory, market equilibrium, and welfare economics.
• Macroeconomics: Explores macroeconomic models and theories, including aggregate demand and supply, inflation, unemployment, and economic growth.
• Econometrics: Introduces students to statistical methods for analyzing economic data, including regression analysis, time series analysis, and forecasting.
• Statistics: Provides a comprehensive understanding of statistical methods and their applications in economics.
• Behavioural Economics: Examines how psychological factors influence economic decision-making.
• Law and Economics of Competition: Analyzes the legal and economic aspects of competition policy.
• Environmental and Energy Economics: Focuses on the economic implications of environmental and energy issues.
• Development Economics and Trade: Explores economic development theories and policies, including international trade.

Assessment:

• Assessment Methods:
• Exams
• Coursework
• Research thesis
• Assessment Criteria:
• Demonstrating a strong understanding of economic principles and theories.
• Applying analytical methods to solve economic problems.
• Conducting independent and original research.
• Communicating economic issues effectively.

Teaching:

• Teaching Methods:
• Small-group teaching
• Seminars
• Presentations by past students and employers
• Research supervision
• Faculty:
• Leading economists with international reputations in various fields, including macroeconomics, econometrics, applied microeconomics, behavioural economics, health economics, international trade, and economic history.
• Unique Approaches:
• Supportive learning environment.
• Integration of Masters students into the School community.
• Access to research seminars and support for thesis preparation.

Careers:

• Potential Career Paths:
• Academic or research economist
• Economist in central banks, think-tanks, government departments, regulatory agencies, financial sector institutions, and consultancy firms.
• Opportunities:
• PhD-level study in economics.
• Employment in various sectors requiring analytical skills and economic knowledge.
• Outcomes:
• Graduates are well-prepared for successful careers in academia, research, and various economic-related fields.

Other:

• The program features small group teaching from leading economists and a supportive environment.
• Masters students are an integral part of the School community, attending research seminars and receiving a wide range of supports to help them prepare for the research thesis element of their degree.
• UCD School of Economics is Ireland's leading economics department.
• School members play a significant role in debating economic policy issues and contributing to the formulation of economic policy.
• Students get to know the staff via participation in small classes and seminars and through direct supervision.

• MSc Quantitative Economics (W352)
• Full Time
• EU fee per year - € 12500
• nonEU fee per year - € 22600
• MSc Quantitative Economics (W353)
• Part Time
• EU fee per year - € 7690
• nonEU fee per year - € 11300