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.
The MSc in Applied Economics has been designed – in partnership with the business, consulting and policy communities – for the aspiring professional economist.
What sets this course apart from the other postgraduate courses in Economics is that we focus on developing your technical and analytical skills alongside your practical experience of how these skills are used to solve real-world economic problems and inform decision-making in a variety of environments.
Key highlights of the course include:
On completion of the course, you'll join a long list of distinguished graduates from the Department of Economics at the University of Strathclyde, many of whom have progressed to senior positions in business, consultation and public policy.
The programme will provide you with:
You'll also gain important transferable skills which will greatly help in a business and policy environment including the ability to:
There are two semesters of core and elective modules, followed by a dissertation completed during summer.
The core modules will give you a solid grounding in the core concepts and techniques of an applied economist. The elective modules will give you experience in applying these skills to hot-topics of the day.
Finally, the dissertation allows you to develop a substantive piece of applied work on a topic of your choosing and includes opportunities to work in partnership with leading companies and public sector institutions.
You'll have the opportunity to choose four modules from the list below:
Alternatively, you can choose up to two classes offered elsewhere in Strathclyde Business School or across the wider University.
Your dissertation topic can be chosen from any of the areas/issues covered on the programme. This is your opportunity to develop a substantive piece of applied work on a topic that is of particular interest to you, with supervision provided by an appropriate member of staff. It’s also a key opportunity to put into practice what you have learnt.
In 2018-19, we expect to offer a minimum of four sponsored dissertations in partnership with leading companies and public sector institutions; these will be offered to the best-performing students on the programme. We are also able to supervise those part-time or full-time students who are sponsored by their employer and wish to work on a topic of interest to both them and their employer.
Our MSc in Applied Economics can be tailored to those already using economics within a business, consultancy or policy environment who want to further develop their skill set.
We can offer various study options including:
As well as attending lectures you’ll undertake projects, case studies and small group work.
This is for you if... you want to develop an advanced understanding of theoretical and applied microeconomics, macroeconomics and econometrics.
This course allows you to study economics at an in-depth postgraduate level. You will study a sequence of economics modules that is widely recognised as standard graduate training. It will provide you with the foundations for either a career as an economist or to prepare for PhD study.
The course will provide you with an opportunity to demonstrate your acquired skills by applying them to a research topic of your choice. You will gain a strong command of analytical techniques, computing and research methods for problem-solving, and develop your critical analysis of economic theories and debates. The course will equip you with advanced research and communication skills, both written and oral.
To help you develop the skills that leading employers ask for, and let you see how traders work, we have 12 Bloomberg terminals in the University Library.
This MSc is designed for students who have a strong background in economics. It is available as a one year full-time, or two years part-time campus-based course.
Choose one option module from:
Plus one option module from:
Plus your Dissertation
This programme will provide you with a unique skill set in economics and data analytics that will make you particularly well-suited to jobs that require a high level of numeracy and analytical skills. You may find employment in such areas as:
You will also develop a number of skills that have a broad employment application, including: problem solving, presentation and analytical writing skills. You will be able to pursue employment across a wide range of sectors in management and analytics.
Read about some of our recent graduates.
This prestigious course will give you the edge in understanding corporate finance and pricing assets, blended with applying the latest economic principles.
It will prepare you for a career in corporations and government bodies involved with stock markets, project investment and the finance industry.
Our masters courses will train you for a career as a professional economist. Employers in a wide range of sectors are increasingly looking for economics graduates with postgraduate qualifications.
Recent graduates have taken economist jobs in finance and consultancy such as Bank of America and Deloitte. Others work in public sector and government departments in the UK and overseas such as the Department for Work and Pensions. Some graduates go on to work in academia or in research.
You will also receive advice in taking the next step in your career with dedicated employability support and access to opportunities such as internships that can significantly enhance your career.
You will be taught by some of the top economic experts in their field, receiving the latest cutting-edge teaching from people that care passionately about their subject.
Our research influences and informs real economic policy. We advise government departments in the UK and internationally and global organisations including the European Union, the World Bank and the Organisation for Economic Co-operation and Development (OECD).
The SF6D utility index for valuing health status was developed at Sheffield. This index is used by decision-makers around the world to evaluate the cost effectiveness of health care interventions.
We’re one of the few stand-alone economics departments in the north of England and we’re not part of a large business school. This means you will be part of an economics community, where you will get to know your tutors personally and build friendships with the other students on the masters courses.
Our building is in the heart of the campus in the city centre and has undergone a £3.5 million refurbishment. You will have access to the latest economics computer software such as STATA and MATLAB. Our building is close to The Diamond and the Information Commons which are state-of-the-art facilities for private study with access to the latest economics books and journals.
We offer a range of masters courses both full-time and part-time. All of our courses give you a thorough technical grounding in economic theory and the techniques of applied economic analysis.
Our courses allow you to specialise in a number of different areas, for example finance and financial economics. If you want to advance your knowledge in one of these areas, Sheffield is one of the best places in the UK.
For each course you’ll need to pass eight taught modules over two semesters, four in each. Modules will be taught mainly through lectures, tutorials and computer labs. Assessment is mostly by exams but also includes some coursework. The compulsory dissertation gives you the chance to conduct your own research over a ten week period.
A limited number of National Institute for Health Research (NIHR) studentships are available for home and EU students on this course.
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.
You will study a range of modules as part of your course, some examples of which are listed below.
Information contained on the website with respect to modules is correct at the time of publication, but changes may be necessary, for example as a result of student feedback, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes, and new research.