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.
Modern economics is an increasingly rigorous discipline and advanced degrees are now essential for careers in international institutions, government and industry. The Economics MSc at UCL will equip the professional economist with the powerful tools required to understand the rapidly changing, complex and uncertain modern world economy.
The programme aims to provide all students with a sound and worthwhile education in modern economics and econometrics, developing important transferable skills of problem-definition, analysis and self-motivation. Students will learn to use the formal tools that are necessary to understand and conduct cutting-edge research in both theoretical and applied economics.
Students undertake modules to the value of 180 credits.
The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).
At least two of the following advanced core modules:
Remaining applied options (taking the total to four) from a list including:
The dissertation of 10,000 words will be a piece of lightly supervised research, including a brief critical review of the literature in the relevant area.
Teaching and learning
The programme is delivered through a combination of lectures, seminars, and practical and problem classes. The MSc degree is awarded on the basis of written, final examination papers and the research dissertation.
Further information on modules and degree structure is available on the department website: Economics MSc
Graduates go on to a variety of roles, including those in the civil service, research, finance and political sectors.
Recent career destinations for this degree
The UCL Economics MSc is a passport to a career in major national and international institutions that demand the deeper, more rigorous analytical reasoning in economics. In these roles, MSc graduates draw on a theoretical grounding and wealth of practical analytical tools to formulate relevant questions in economics and produce high-quality economic analysis valued by employers and prestigious PhD programmes. Students benefit from the international reputations of the programme’s academic staff and the academic excellence and international perspectives of their fellow MSc students. Major employers invite UCL MSc graduates to apply for roles.
Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2013–2015 graduating cohorts six months after graduation.
UCL Economics has an outstanding international reputation in the areas of applied microeconomics, labour economics, development economics, economic theory, experimental economics, econometrics, and macroeconomics. The department is a global leader in policy-oriented research, with members actively involved in policy design and evaluation. The Research Excellence Framework 2014 ranked the UCL Department of Economics as the top department in the UK for economics and econometrics, as well as the top department in any field in terms of overall score. The high quality and policy impact of research undertaken by faculty are reflected in an excellent teaching and research environment for graduate students.
UCL is located in central London at the heart of the UK centre of government. Recognised as the world's best connected city, 75% of the Fortune 500 companies have offices in London.
The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.
The following REF score was awarded to the department: Economics
99% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)
Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.
This programme provides a rigorous training in theory and methods and helps you develop marketable skills to launch yourself on to the job market. It opens up career opportunities in consulting companies, research centres, government departments, international agencies, or in the financial sector. It’s also ideal preparation if you are thinking of undertaking a PhD.
You’ll join a department known throughout the world for its strength in economics. Programme staff have international reputations in areas such as game theory, industrial organisation, econometrics, applied microeconomics, empirical macroeconomics, labour economics, and the economics of education.
• Behavioural Finance
• Financial Economics
• Industrial Organisation
• International Money and Banking
• Labour Economics
• Research Skills for Economists