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Why this course?

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:

  • you'll study in the Strathclyde Business School – a Times Higher Education Business School of the Year - internationally respected as one of the most innovative and largest business schools of its kind in Europe
  • you’ll gain knowledge and understanding of the core principles of economic analysis and the experience in how to apply them. You'll acquire skills in economics, data analysis and modelling techniques as well as key transferable skills in leadership, project management, problem solving, communication and negotiating that are sought after by employers
  • the programme is delivered by staff of the Department of Economics – the home of the Fraser of Allander Institute – a leading independent economic research institute. The institute plays a crucial role in the MSc, offering at least three fees bursaries, teaching several classes and hosting at least three summer internships each year. With the institute never out of the media, the MSc in Applied Economics offers students a unique opportunity to engage with staff working at the cutting edge of applied economics research, industry engagement and policy making. There will also be opportunities to publish articles on the Fraser of Allander Institute's blog and in the quarterly Fraser of Allander Institute Economic Commentary report
  • the Practitioner seminar series within our Professional Development for Economists class provides you with opportunities to learn from senior figures in business, consultancy and government about the key economic issues of the day and their own journey to the top of their chosen career. Many of the speakers are our own graduates. This is complemented by a variety site visits that are arranged for you and give you insights into what it is like to work as an applied economist, from a range of perspectives
  • you'll have the option to take an elective class from a wide range offered across Strathclyde Business School and across the wider University. Particularly popular choices each year include classes in Management, Finance and Strategy
  • you may also choose to join the Strathclyde Business Network, a student group that facilitates interaction with business and industry leaders – including an annual conference which brings together students with leading businesses from across the UK

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.

Aims & objectives

The programme will provide you with:

  • a comprehensive understanding of key economics concepts and theories
  • core skills in economic modelling and data analysis which can be used to inform decision-making
  • understanding of, and the ability to use, techniques of economic appraisal in a variety of contexts
  • experience in the application of economic analysis to day-to-day activities of public and private sector organisations

You'll also gain important transferable skills which will greatly help in a business and policy environment including the ability to:

  • acquire and analyse information from a variety of sources
  • support decision-making in complex organisations
  • project management and strategy
  • leadership and team working
  • writing reports and communicating analysis and key results to a wide range of audiences

You’ll study

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.

Core modules

  • Fundamentals of Microeconomics
  • Fundamentals of Macroeconomics
  • Professional Development for Economists
  • Economic Appraisal and Modelling
  • Analysis of Economic Data
  • Topics in Public Economics
  • International Macroeconomics

Elective modules

You'll have the opportunity to choose four modules from the list below:

  • International Development
  • International Trade
  • Games of Strategy
  • Environmental Economics
  • Energy Economics

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.

Flexible Study Options

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:

  • full-time (12 months intensive study in Glasgow)
  • part-time/executive study (typically over two years of study in Glasgow with a timetable that is convenient to work practices)
  • the potential to choose dissertation topic that is of interest to your employer, with supervision provided by a member of the department

Learning & teaching

As well as attending lectures you’ll undertake projects, case studies and small group work.

Visit the Applied Economics MSc page on the University of Strathclyde website for more details!




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