Economics MSc

Program Overview

The MSc Economics is a versatile program that allows students to specialize in economics or finance, while also developing essential analytical skills. Taught by leading economic experts, it equips graduates for careers in finance, consultancy, the public sector, or research.

Program Outline

Degree Overview:

MSc Economics is a flagship masters course that is flexible, allowing students to choose modules in economics or finance while also giving them core analytical skills. The program prepares students for a career as an economist in finance, consultancy, the public sector, or in research.

Outline:

The program is structured into three semesters:

• Semester One:
• Core Modules:
• Microeconomic Analysis:
This module develops skills for analyzing microeconomic problems and theories, covering topics like consumer theory, risk and uncertainty, and intertemporal choice.
• Macroeconomic Analysis: This module provides a framework for understanding macroeconomics, analyzing business cycle fluctuations, monetary policy, fiscal policy, and debt dynamics.
• Econometric Methods: This module develops core econometrics skills, covering classical linear regression, hypothesis testing, and advanced topics like microeconometrics and macroeconometrics.
• Optional Modules:
• Modern Theory of Banking and Finance:
This module introduces the economic literature on finance and banking, covering investment-financing decisions, governance, and financial intermediation.
• Modern Finance: This module covers key concepts and methods in modern finance, including investor choice, portfolio selection, and the Capital Asset Pricing Model.
• Semester Two:
• Core Modules:
• Applied Microeconometrics:
This module provides practical experience in applying microeconometric techniques to large sample surveys, covering topics like limited dependent variables, instrumental variables, and panel data methods.
• Applied Macroeconometrics: This module focuses on understanding recent applied literature in macroeconomics and finance using time series methods, preparing students for research involving time series.
• Optional Modules:
• Industrial Organisation: This module focuses on contemporary topics in industrial organization, emphasizing the economic analysis of strategic decision making and covering market structure, oligopoly models, and consumer behavior.
• Monetary Economics: This module provides a formal analysis of monetary economics, covering the role of monetary policy in the macroeconomy and recent theoretical developments in monetary theory and policy.
• Public Economics: This module provides a comprehensive grounding in public economics, evaluating government policies and their impact on resource allocation and income distribution.
• Econometrics of Machine Learning: This module explores machine learning techniques in econometrics, covering various methods like regression, variable selection, classification, and neural networks.
• Corporate Finance: This module covers advanced topics in corporate finance, including financing and investment decisions under asymmetric information, valuation techniques, and financial operations like mergers and acquisitions.
• Dissertation:

Teaching:

The program is taught by some of the top economic experts in their field, providing students with the latest cutting-edge teaching. The staff advise government departments in the UK, such as the Department for Work and Pensions and the Department for Education, and their research helps shape government policies.

Careers:

Graduates of the program are in demand by top economics employers, such as the Bank of England, PwC, IBM, and HM Treasury.

Other:

The program is reviewed annually to ensure it is up-to-date and relevant. Individual modules are occasionally updated or withdrawn in response to research discoveries, funding changes, professional accreditation requirements, student or employer feedback, and variations in staff or student numbers.

Home (2024 annual fee) : £12,070 Overseas (2024 annual fee) : £26,350