Program Overview

MRes/PhD Economics

The Department of Economics has led the development of systematic research training in economics in the UK. Today, our research informs policymaking and government decisions worldwide.

Introduction

As a student, you’ll start with a research master’s degree, which will equip you with the theoretical knowledge and analytical techniques needed to proceed to the PhD (subject to satisfactory progress).

Entry Requirements

• An upper second class honours (2:1) degree (or equivalent) in any field.
• Some preparation in economics, a strong mathematics background and evidence of research potential are essential.
• The goal of the MRes/PhD Economics is to train first class researchers.
• We'll use all available information to assess research potential.
• GRE is required for all applicants.
• The English language requirement for this programme is Standard.

Programme Content

• Year 1: Introductory course in Mathematics and Statistics, advanced core courses in microeconomics, macroeconomics and econometrics.
• Year 2: PhD field courses, research paper in your major field.
• Year 3-5: Work on your research and write your PhD thesis, attend Work in Progress seminars.

Why Study with Us

• Discover more about our students and department.
• Student stories: The most exciting part of LSE is that we are seated near the centre of UK policy-making.
• Meet the department: LSE is home to one of the top economics departments in the world, with expertise across the full spectrum of mainstream economics.

Your Application

• We welcome applications for research programmes that complement the academic interests of our staff at LSE.
• We carefully consider each application and take into account all the information included on your form.
• Research Statement: Your Research Statement should be submitted in place of the Outline Research Proposal, along with your application form and other required supporting documents.

Fees and Funding

• Home student fee: £5,131 (2026/27).
• Overseas student fee: £24,400 (2026/27).
• Scholarships, studentships and other funding: We recognise that the cost of living in London may be higher than in your home town/city or country and we provide generous scholarships to help both home and overseas students.

Learning and Assessment

• Supervision: In your first year you'll be assigned an academic mentor, and in your second year you'll choose a lead supervisor who is a specialist in your chosen research field.
• Progression and assessment: In order to progress to each subsequent year of the programme, and to progress to PhD registration, you'll need to meet specific progression requirements.

Graduate Destinations

• Past students have followed a range of careers in: Academia, Government, Central Banks, Consultancy, NGOs.
• Career support: The Department of Economics has a well-organised programme to support PhD Economics students when they enter the job market, and an excellent record in placing its students in the best departments and most influential institutions and NGOs in the world.