Advances in information and communications technologies have revolutionised the way data is gathered, fuelling a surge in the demand for graduates with high-level training in data-analysis using econometric techniques.
The Master of Applied Econometrics is a new two-year program that combines coursework and research to equip you with the skills to make economic decisions in a data-driven manner.
If you are interested in understanding the fiscal responses to macroeconomic conditions, the degree of collusion amongst petrol retailers in Australia, or the impact of trade liberalisation on wage inequality, then The Master of Applied Econometrics is the program for you.
It will give you the econometric expertise to answer real world economic questions, while also providing the flexibility to specialise in areas relating to your career goals.
As a graduate of this degree, you will develop expertise in:
Graduates are likely to be employed in organisations such as banks, government, consulting firms and think tanks as an analyst, data scientist or modelling and insights leader.
Gain a strong grounding in advanced economics, and take your knowledge an important step further by applying it to the field that most interests you.
Our MSc Applied Economics is a suite of taught courses that provides rigorous training in all the main aspects of economics.
Starting with a comprehensive refresher course in essential maths and economics skills, you will go on to receive advanced training in the analysis of problems in applied microeconomics, macroeconomics, econometrics and strategic decision-making.
Most importantly, you will then have the opportunity to tailor the course to the area of business or policy you are most interested in, giving you additional expertise and a head start when seeking work in that field.
We are one of the only universities in the UK offering this level of specialisation on this type of master's. You can select from MSc Applied Economics as a standalone option or with one of four specialist pathways:
Whichever pathway you choose, you will develop your knowledge of quantitative methods beyond undergraduate level and gain the mathematical, statistical and econometric skills to carry out quantitative analyses of applied economics problems.
You will consolidate your research skills further during the dissertation, which you will work on over the summer under the supervision of one of our experienced lecturers. The research training you receive will prepare you well for going into research positions in a government or commercial context.
By the end of the course you will be able to:
Our teaching staff are all active researchers and regularly publish in the top economics journals, so you will be working with some of the UK’s leading thinkers in economics.
This course is ideal preparation for careers within government or industry that require a thorough knowledge of economics.
We expect graduates of the Banking and Financial Markets pathway to be particularly suited to jobs in banks and other financial institutions.
Graduates of the Public Policy or Environmental Policy pathways are especially well-placed to find jobs within government and non-governmental organisations.
Graduates of the Behavioural Science pathway will be ideally suited to work within government or large private sector firms.
This course lasts 1 year. Occasionally we make changes to our programmes in response to, for example, feedback from students, developments in research and the field of studies, and the requirements of accrediting bodies. You will be advised of any significant changes to the advertised programme, in accordance with our Terms and Conditions.
These compulsory units are currently being studied by our students, or are proposed new units.
These optional units are currently being studied by our students, or are proposed new units.
MSc in Economics and Business Administration - Finance is a general university education in finance. It provides students with thorough knowledge of and competence in finance. Upon graduation, our students are expected to begin careers in financial institutions, regulatory bodies, consulting businesses or finance departments in non-financial companies.
The programme has a clearly defined structure with a focus on global finance so the programme is relevant for all international students. The global financial markets are highly developed and integrated and as a consequence of this complexity and sophistication, there is an increasing demand for graduates with degrees in finance at the highest level. Therefore the programme is perfect for students seeking a career in finance in a global setting.
The ultimate ambition of the programme is to prepare our students for making the right decisions at the right time; this ability requires excellent analytical skills and a talent for embracing all relevant data, as well as cultural issues.
Finance and other advanced research areas are based on statistical and mathematical models. Therefore it is an advantage for students to be familiar with these areas before the programme begins. The models are integrated into the courses so that the students study the models in relation to their application. It is our experience that the learning outcome is much higher when the models are part of the various courses.
The latest research in finance is integrated into the programme and many of the professors are internationally well-known teachers and researchers. Our programme also uses external lecturers from local financial institutions as well as visiting faculty members from internationally acclaimed universities.
1st semester: Prerequisite courses
The first semester you will follow three prerequisite courses that form the methodological and academic basis for the further study programme. Below you will find some details about the courses.
In Corporate Finance I the general aim of the course to provide the participants with profound knowledge about financial decision making in corporations. It is important to underline that although the course is focused on the managerial problems, decisions must be based on a solid theoretical framework.
You will get more in-depth knowledge in the following course, Corporate Finance II, which aims to extend the knowledge about financial decision making in corporations provided by the preceding course, Corporate Finance I, with a special focus on real options and risk management.
Moreover you will be taught Portfolio Theory and Investment Analysis, which focuses on theories and empirical methods for analysing equity markets.
Another course is Fixed Income Securities, which focuses on theories and methods for analysing fixed income markets.
Finally you will be introduced to Applied Econometric Methods I and Applied Econometric Methods II. The purpose of the fist of the two mentioned courses is to introduce the students to the most widely used quantitative and empirical methods in econometrics, including in particular financial econometrics. In Applied Econometric Methods II the course extends the time series analysis from Applied Econometrics Methods I with special emphasis on relevant financial models and applications. For forecast purposes, models of financial time series and econometrics will obviously be of major relevance.
2nd semester: Specialisation courses
On the second semester the student will be provided with an insight to the different perspectives on finance in the different courses.
Among these are Bank Management focuses on the financial system and the role of banks in the capital market. Also the financial regulation of markets and institutions is integrated into the course. The main aim of the course is to provide students with insight into the management tasks that banks and mortgage credit institutions face.
Moreover, the students will be introduced to Securities Market covers the parts of the financial curriculum that are related to trading in markets for financial instruments. As such it complements the standard courses in asset pricing, corporate finance, bank management and financial institutions with issues from the field of market microstructure.
Another perspective is that of Financial Engineering. This course illuminates the financial derivatives such as forward, futures, swaps, and options are increasingly important instruments applied by agents of financial markets. The course focuses on describing and understanding these instruments, and on the underlying markets such as money markets, bond markets, stock, currency, and commodity markets.
During the 2nd semester the student will also get knowledge about Financial economics, which is nowadays quite often based on empirical investigation. This course provides you with many different methods to analyse financial data. Among the many models are event studies, models to analyse the term structure of interest rates as well as ARCH and GARCH models.
3rd semester: Electives or study abroad
In the third semester you can choose elective courses within your areas of interest. The courses can either be taken at Aarhus BSS during the semester, at the AU Summer University or at one of our more than 300 partner universities abroad. You can also participate in internship programmes either in Denmark or abroad.
4th semester: Final thesis
The fourth semester is devoted to the final thesis. You may choose the topic of the thesis freely and in this way get a chance to concentrate on and specialise in a specific field of interest. The thesis may be written in collaboration with another student or it may be the result of your individual effort. When the thesis has been submitted, it is defended before the academic advisor as well as an external examiner.
Our MSc Economics allows you to apply economics to practical questions and problems in a multidisciplinary learning environment.
Based in Leeds University Business School, this programme centres on advanced economics and econometrics, engaging with cutting-edge research within the discipline.
You’ll combine current mainstream theoretical and applied techniques with a range of alternative critical perspectives, equipping you to meet the growing demand for economics in an era of global challenges such as climate change.
You’ll gain unique insight into pressing economic issues, from the microeconomics of firms and markets to the macroeconomics of the global economy. Optional modules will also allow you to tailor your learning to your interests or career plans, from comparative modules in global economics and development economics to the economics of regulation, and principles of health economics, environmental economics or corporate finance.
Our Economics department stands for a distinctive type of economics, which is realistic, interdisciplinary and policy relevant. We take an open-minded approach to economic problems, and draw on expertise from one of the major hubs of heterodox economics research in the UK.
Recent commentary and coverage in the media has highlighted the need for more philosophical discussion about how best to approach economics. Leeds University Business School has been recognised in The Economist as one of the few universities in the UK offering a 'model' for this approach.
Our research activities in economics are many and varied. Several members of the teaching team are involved in multi-million pound research projects, which are at the cutting-edge of knowledge creation in several areas. The University of Leeds also hosts the Applied Institute of Research in Economics (AIRE), giving you access to even more world-leading research and expertise.
Throughout the year core modules will develop your fundamental knowledge and skills. As well as macroeconomics and microeconomics, you’ll study econometrics and the ways in which it is applied to real-life situations.
From this foundation you’ll choose optional modules that allow you to specialise in particular areas of economics. You’ll be able to expand your knowledge in areas such as the global economy, finance, globalisation, regulation, health or environmental economics.
You’ll develop your understanding of research methods and practices throughout the year. In your dissertation, you’ll apply these skills to produce an independent research project on a topic of your choice, to be submitted by the end of the course.
You’ll take five compulsory modules including your dissertation.
You'll also choose five extra optional modules from the list below.
We use a variety of teaching and learning methods to help you make the most of your studies. These will include lectures, seminars, workshops, online learning and tutorials.
Independent study is also vital for this course allowing you to prepare for taught classes and sharpen your own research and critical skills.
We use assessment methods such as exams, research reports, written assignments, essays and project work, depending on the modules you choose.
Our Economics graduates are in great demand owing to their unique range of skills and awareness of different perspectives. You will have essential research skills required for work as a professional economist in government, business, universities and international organisations.
Graduates of our MSc Economics have gone on to highly successful careers as government advisors, think-tank researchers and quantitative analysts.
As its ESRC recognition shows, the programme is also excellent preparation for PhD study.
We encourage you to prepare for your career from day one. That’s one of the reasons Leeds graduates are so sought after by employers.
You will be able to access careers and professional development support, which will help you develop key skills including networking and negotiating, and put you in touch with potential employers.
The Careers Centre provides a range of help and advice to help you plan your career and make well-informed decisions along the way, even after you graduate. Find out more at the Careers website.