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.
Does the growing influence of Brazil, Russia, India and China (BRICs) change the way the global political economy is governed? What are the political roots of global trade and finance? What is the impact of the international economy on inequality and development? Answering these questions requires you to combine economics and political science. In our Master’s specialisation in International Political Economy (IPE) you will uncover the economic and political dimensions of global issues and power struggles behind policy choices.
International Political Economy at Radboud University teaches you to go beyond the surface of daily news and to disentangle deeper global structures of economic growth and the distribution of wealth and power that underlie today’s problems of global economic governance. We challenge you to not only understand and explain ‘the world’, but to view and assess it from the perspectives of different stakeholders, while understanding the social and economic structures and institutions enabling or hindering them in pursuing their objectives.
International Political Economy at Radboud University combines approaches from (International) Economics and Political Science. We strongly believe that in order to grasp the complexity of many of today’s global issues it is essential to understand and combine the different approaches political scientists and economists take: the economic and financial crisis; the race for and exploitation of natural resources; attempts of national governments to deal with global change. The programme thus offers courses that combine both disciplines.
Alumni from economics and political science have positions as policy makers in businesses, international organisations, political parties, national ministries, market authorities, the European Parliament and the European Commission. They also work as consultants for profit and non-profit organisations and as researchers at think-tanks or universities. In addition alumni are employed by banks, other financial institutions and the media. This is because our graduates have the competences required by employers, such as sound research and analytical skills, excellent written and oral communication skills, and experience in working in teams and working independently.
Visit http://www.ru.nl/masters/iae to find out all the details and start your application
How do global economic and political forces shape the lives and future of citizens, business, and civil society? Of political conflict and government? Your Master programme in Political Economy will teach you to answer these questions. The programme covers the ground from ‘economics for non-economists’ to understanding how the ‘rules of the game’ are shaped, to thinking about ‘winners’ and ‘losers’ of an open global economy and how that gives rise to ‘new’ conflicts and to a surge of anti-globalisation political movements. You will in global and comparative terms address the critical issues facing the developed and developing worlds, from Asia to Europe to the Americas - contemporary challenges such as migration, the struggle for development, or better financial market governance.
Our starting point is that the relationship between ‘politics’ and ‘the economy’ is a two-way street: political contestation shapes economic outcomes and their governance, while economic developments generate political conflicts. The causes and consequences of the on-going economic malaise have brought this highly political ‘who-gets-what’ nature of ‘the economy’ back out into the open. We also confront the social dimension of key political challenges by exploring issues such as social inequalities and corporate power so as better to understand how this plays out in different party political or non-democratic environments. These dynamics cut across a rich terrain of contemporary issues and taps into your interest in both the practical and the ‘big issue’ side of global affairs, crossing over with public policy expertise and business strategy, among which:
Our programme also teaches you that the dynamics of change differ starkly across countries: the hopes of a precarious development process poses challenges to authoritarianism in the developing world, while declining trust in business and political elites undermines ‘mainstream’ politics in established democracies.
This track is above all a response to vocal demand from students. It draws on a long political economy tradition at the UvA that is second-to-none in Europe. Those of you with a public policy, comparative politics or international relations background often seek to specialise in the economic policy domain yet outside the confines – often ideologically and methodologically constraining – of traditional approaches in economics and business departments. Many who have taken economics, business, or law seek the way our programme ‘brings politics back in’. Many from the humanities can bring their linguistic, cultural and historical knowledge to the programme’s exploration of political-economic interaction.
Political Economy taps your interest in issues of practical concern in the economy, business, and policy worlds where expertise leads to elite job opportunities. Above all we help you to think and analyse critically and independently where others merely learn to follow. There is strong demand in the society at large for the training we offer. The programme equips graduates to compete successfully with management, public policy, and economics-trained students for relevant jobs in ministries, think-tanks or consultancy, companies, municipalities, International Organisations, and the media. There is little that a good political economist cannot do. For more information, see the webpage on career prospects.
The programme is based at the University of Amsterdam, a major research university, and in one of the highest-ranking departments in continental Europe. The Graduate School of Social Sciences (GSSS) provides a vibrant and international academic community and promotes strong academic and transferable skills development. PE candidates develop a real ‘esprit de corps’ in their year in Amsterdam as we provide you with both academic and professional skills. Our research-oriented MSc in Political Economy taps into your interest in both the practical and the ‘big issue’ side of global affairs, crossing over with public policy expertise and business strategy.
Political Economy is a track of the accredited degree programme Political Science. After successful completion of this programme, you will receive a legally accredited Master’s degree in Political Science and the title Master of Science (MSc).
Economics Plus: looking beyond money, markets and regulations and becoming an economist that can tackle complex economic issues in today’s fast-changing, globalising world.
Radboud University offers six Master’s specialisations in Economics. When choosing a specialisation it’s important to realise that each specialisation may lead to very different future prospects. Each with its own unique challenges and charm. Do you want to immerse yourself in the nitty-gritty of a company’s finances? Or would you prefer to understand financial markets and perhaps be the one that discovers how they can be tamed? Or are you more interested in the economies of developing countries that offer great challenges but also surprising potential?
See the website http://www.ru.nl/masters/economics
- Accounting and Control
- Multinational Corporate Finance
- Financial Economics
- International Business
- International Economics & Development
- Economics and Policy
- Economics at Radboud University could be called ‘Economics Plus’: the ‘standard’ economics package is expanded with relevant knowledge from related disciplines such as Political Science, Psychology and Sociology.
- Education and research at Radboud University go hand in hand. Our lecturers are active in academic and applied research and incorporate the latest academic developments and applied issues in their teaching.
- In our Master’s programmes, professors and students interact in small groups, thus strengthening the academic atmosphere.
- Our programme is academic. We believe in a strong theoretical background in a broad range of economical theories so that students thoroughly understand not just what is happening, but also why and how. However, we never lose sight of practical relevance. Real-world case scenarios, guest-speakers and the very latest theories on current events, will contribute to you becoming a professional that upon graduating immediately attracts the attention of potential employers.
Radboud University challenges you to look at Economics differently and to discover that within all specialisations this field is much more than money, markets and regulations. Economists also examine consumers’, businesses’ and governmental financial behaviour and decision-making. Their decisions as to where and why they spend money is fundamental in economics. And because their reasoning is not always rational, it’s important to have a clear understanding of thought processes. We therefore include aspects of sociology and psychology in our programme, and we look at our field from a cultural, legal and even philosophical perspective.
Having an eye for all these facets will give you a much better basis to tackle the complex economic issues in today’s fast-changing globalising world than when you just focus on numbers and methods. Simply put, Radboud University’s Master’s programme in Economics will put you ahead of the game.
The career prospects for the Master’s programme in Economics differ slightly, depending on which Master’s specialisation you choose. Below you can find the career prospects of each specialisation:
- Accounting and Control http://www.ru.nl/english/education/masters/economics-accounting/career-prospects
- Corporate Finance and Control http://www.ru.nl/english/education/masters/economics-corporate/career-prospects
- Financial Economics http://www.ru.nl/english/education/masters/economics-financial/career-prospects
- Economics and Policy http://www.ru.nl/english/education/masters/economics-policy/career-prospects
- International Business http://www.ru.nl/masters/ib/career-prospects
- International Economics and Development http://www.ru.nl/english/education/masters/economic-development/career-prospects
See the website http://www.ru.nl/masters/economics
The course is suitable for recent graduates in economics, psychology and related social science or quantitative disciplines who are looking to develop a career in the fast-paced world of behavioural economics, either in the public or private sector.
As the course is offered in full-time and part-time modes, it is also suited to professionals who want to enhance their theoretical knowledge and practical skills and would benefit from an academic environment.
Behavioural economics applies psychological insights into human behaviour to investigate how people make economic decisions under various conditions of constraint (e.g. time and knowledge) and influence (e.g. social pressure). This is an important field in modern economics, and the social sciences more generally.
Commercial organisations have long known the limitations of individual decision making and they routinely use this knowledge in their commercial practices (e.g. anchoring effect of minimum payment on credit cards). The practical implications of behavioural economics are varied and significant, and acknowledged to provide a powerful and cost-effective approach to improving human welfare.
The Behavioural Economics MSc will develop your skills and knowledge to prepare you for a wide variety of roles in the private or public sector that require a solid understanding of human behaviour.
The modules are taught by lecturers from the economics and psychology department with research interests in behavioural economics.
In each module you will receive typically 30 hours of face-to-face contact, supported by online resources (e.g., videos and advanced readings provided on the learning platform Moodle) for your self-directed study. You will be required to take responsibility for your own learning and to take advantage of the learning opportunities offered (e.g., invited speakers programme and online resources). The learning and teaching strategies for each module will expose you to a range of methods, comprising: lectures, guest lectures, seminars, group work, workshops, small group discussions, tutorials, reflective reports and research project supervision.
In order to assess your full range of learning, you will complete reflective reports, essays, examinations, interpretation of statistical analyses, formal research proposals and a research dissertation. Most individual modules are assessed by a combination of coursework and examinations. In addition, you will be directed to independent study and receive detailed feedback on your coursework as an aid to your further learning. These different forms of assessment have the aim of assessing your knowledge, skills and appreciation in different areas of behavioural economics (e.g., theoretical knowledge and applied aspects of behavioural techniques).
Full-time students take four modules in each of the first two terms, followed by a written research dissertation in the third term.
Most of the modules are structured as a combination of two-hour lectures (to present information) and one-hour seminars or clinics (to understand and assimilate lecture material) or lab sessions. Teaching and learning is enhanced by technology-supported resources, and teaching staff are available for one-to-one interaction and feedback.
It is expected that full-time students will spend about three hours in lectures/seminars plus self-directed, independent study hours for each module per week. You should also expect to attend seminars given by invited speakers and seminars on dissertation writing (about one to two hours per week).
Your workload might vary from week to week.
Students with a strong background in Economics may substitute 'Principles of Economics' with a microeconomics module from one of the MSc programmes offered by the Department of Economics. You may also substitute an appropriate elective from one of the MSc modules offered by the Department of Economics for 'Professional Aspects of Behavioural Economics' - this will allow a pathway through the programme that is focused on theoretical and research economic themes.
Whilst there is not yet a specific occupation of 'behavioural economist', the knowledge and skills acquired are highly valuable in a range of sectors:
City’s Behavioural Economics postgraduate course would be especially valuable for professionals who already work in occupations which involve the need to understand the scientific dynamics of human decision making and behaviour (e.g., financial traders who require the right psychological attitude as much as appropriate strategy knowledge).
Want to develop a rewarding career as a development economist in the public or private sector? This course will appeal to you if you have a quantitative background. You will develop your understanding of the key issues in economic development, and explore the economic theory and statistical tools you need to analyse policies and assess their impact on economic and human development.
You have the option of studying full-time over the course of one year or part-time over the course of two years.
The Development Economics MSc will help you:
Should you wish to pursue further study, the dissertation track can also serve as a stepping stone to an Economics PhD.
As a Masters student at City, you will benefit from our excellent London location, which places you in close proximity to the centres of decision-making in development economics. For example, we are just six tube stops away from the Department for International Development.
Your teaching consists of a flexible combination of lectures, classes and computer lab sessions:
In addition, econometric methods will be taught in lab sessions, so you will have the opportunity to apply econometric software to empirical research in development economics.
When appropriate "practitioner slots" will be incorporated into module delivery, such as research seminars conducted by external experts in development policies and presentations by invited academics.
Assessments are typically a combination of unseen written examinations (70% for each module) and coursework (30% for each module), but this can vary by module.
The teaching takes place over two terms, from September to June. Full-time students who pass all the taught modules during the main exam sessions finish the programme at the end of September when they submit their dissertation or literature review. Full-time students who successfully complete the taught modules in the August re-sit exam session submit their dissertation or literature review in December.
Part-time students complete their modules over the course of four terms, from September to June, before undertaking their dissertation or literature review.
Pre-sessional activities covering Micro-and Macroeconomics, Stata, Excel, Probability and Mathematics run in September before the start of term. These are available for all students who secure a place on the MSc Development Economics course. Pre-sessionals are included in your degree fee and are designed to prepare you for the course. We therefore strongly encourage you to make every effort to attend. Dates of the sessions are as follows:
You are not required to register for the above pre-sessionals, you just need to turn up on the day. Further information, such as the exact times and locations will be provided in your induction schedule.
You will complete 180 credits. This includes taught modules worth 120 credits, plus 60 credits through either of the following paths:
Each module typically has a weekly two-hour lecture and a one-hour tutorial, but this may vary.
It is not possible to give an exact indication of hours per week, as these can vary from one term to the other, depending on which electives you choose.
Modules for the dissertation path
Modules for the literature survey path
Elective modules for both paths
* Students on the dissertation path can take only 1 of these modules, which are taught in the Department of International Politics. Students on the literature survey path can take up to 2 of these modules.
Graduates of this course enjoy a wide range of rewarding employment possibilities, in both the public and private sectors, including consultancy and economic analysis.
As a Masters in Development Economics graduate, you will have the skills to work in:
The MSc also provides a solid academic foundation for students wishing to pursue doctoral research in economics.
The MSc Political Science and Political Economy provides a sound professional training in formal political science and in quantitative-oriented approaches to political economy.
You will acquire the knowledge and techniques to analyse political processes, institutional design and public policy making in liberal democracies.
The programme offers courses in political economy, elections, legislature, executive governments, public policy, development, and international political economy within the framework of a political science-oriented programme. This MSc will provide a set of skills which are highly sought after in public policy making, policy analysis, business, political consultancy and public affairs.
This programme is an excellent preparation for further research work (including a PhD or research in quantitative political science) or for a career in education, public administration or the private sector.
This programme is an excellent preparation for further research work or for a career in education, public administration or the private sector. It will also equip you with the skills needed to pursue a PhD or conduct research in quantitative political science.