Program Overview

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Overview

The Economics MSc is a transformative program that empowers students with in-depth knowledge, invaluable experience, and analytical expertise to navigate complex economic landscapes. This program integrates rigorous academic training with practical application, allowing students to develop advanced analytical and critical thinking skills.

What You'll Learn

Students will immerse themselves in a comprehensive range of modules covering:

• Macroeconomic analysis
• Microeconomic theory
• Econometrics They will also have the opportunity to tailor their degree with a range of optional modules and complete a dissertation where they apply the methods they have learned.

How You'll Learn

Delivery and teaching methods include:

• Lectures
• Seminars
• Computer classes Students will be supported by Canvas, a virtual learning experience that allows them to access their courses and groups, receive notifications and messages, and submit their assignments.

Your Development

On completion of this course, students will be able to access advanced software to support their studies, including:

• R
• Python
• Stata They will apply economic theory to real-world problems and develop soft skills essential for employment in any sector.

Your Future

Graduates will have acquired a wide range of attributes sought after by employers, including:

• Analytical thinking
• Argument formulation
• Critical thinking
• Problem-solving
• Data analysis
• Communication
• Independent learning and research The MSc Economics degree is a competitive qualification and is seen as a route to lead to high salaries and prospects. It will prepare students for jobs in different sectors, such as:
• Government
• Private sector
• Central banking
• International organizations
• Universities Graduates may enter roles as:
• Economists
• Data scientists
• Statisticians
• Market researchers
• Policy analysts
• Consultants
• Academics

Quality and Ranking

• 42% of the research is classified as 4* world-leading research – Research Excellence Framework 2021
• 65% increase in research power since 2014 – Research Excellence Framework 2021
• Global Top 140 University – QS World University Rankings 2026
• Global Top 160 University - Times Higher Education World University Rankings 2025
• Top 25 in the UK and Top 100 in the world for sustainable development – Times Higher Education Impact Rankings 2024

Facilities

Newcastle University Business School is one of the largest schools in the University, with over 4,000 students from over 85 countries. The school has two buildings – the Business School and the Frederick Douglass Centre – which offer a range of purpose-built facilities, including:

• Computer clusters housing over 120 PCs, plus open IT spaces for laptops
• Seven large lecture theatres, plus a 750-seat auditorium – the largest in the University
• 25 seminar and teaching spaces, many with flexible furniture to accommodate learning
• A dedicated Student Hub and Quiet Space, providing a mix of space for group work, individual study, or quiet study
• Study pods, some with wall-mounted screens, and bookable rooms for working in groups or individually
• A contemporary café, refurbished in 2025
• Two dedicated hubs for employability support and events
• A Bloomberg lab with over 20 terminals, so students can experience a real trading room floor
• Experimental and Behavioural Economics Lab, a state-of-the-art research facility for conducting studies in experimental economics and economic psychology
• A flexible conference room with panoramic views across the city and St. James’ Park, which doubles up as a large flexible teaching space

Fees and Funding

Tuition fees for 2026 entry (per year)

• Home students: £13,450
• International students: £28,900 Tuition fee increases are expected, and students should expect the tuition fee to increase in each subsequent academic year of their course, subject to government regulations on fee increases and in line with inflation.

Entry Requirements

Academic entry requirements

Typically, a 2:1 honors degree from a UK university, or international equivalent, in economics or joint honors with a major component of economics. Students are expected to have a good standard in mathematics (e.g., calculus, matrix algebra, constrained optimization) and statistics (e.g., probability theory, statistical inference, hypothesis testing, simple regressions) achieved at the undergraduate level.

English Language requirements

Students must meet the English language requirements, which can be found on the university's website.

Admissions policy

The university's admissions policy applies to all undergraduate and postgraduate admissions. It is intended to provide information about the university's admissions policies and procedures to applicants and potential applicants, to their advisors and family members, and to staff of the University.

Credit transfer and Recognition of Prior Learning

Recognition of Prior Learning (RPL) can allow students to convert existing relevant university-level knowledge, skills, and experience into credits towards a qualification. The RPL policy may apply to this course.