The Economic Policy MSc is a unique programme which takes advantage of UCL's role as a global leader in policy-orientated research. The core teaching in microeconomics, macroeconomics and econometrics focuses on understanding the policy implications of economic models and their applications to real-world examples.
The programme is designed to equip the professional economist with the tools required to understand the problems presented by a rapidly changing, complex and uncertain modern world economy. It includes a research methods course that teaches economics and econometrics software, empirical modelling and how to formulate a research project.
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).
Core modules -Econometrics for Policy -Microeconomics for Policy -Macroeconomics for Policy -Research Methods
Optional modules - at least two of the following applied options: -Time Series Econometrics -Public Microeconomics -Economics of Development -The Economics of Migration -Health Economics -Programme Evaluation for Users -Behavioural Economics -Macroeconomic Policy -Ethics in Welfare Economics -Empirical Industrial Organisation -Topics in Labour Economics -Topics in Money and Finance -Economics of Households
Remaining options (taking the total to four) from a list of policy options, including: -Applied Policy Analysis -Applied Development Economics and Policy -Agenda Setting and Public Policy (Department of Political Science or International Political Economy (Department of Political Science) -Environmental Economics: Principles and Policy -Environmental Economics: Principles and Policy
Dissertation/report The dissertation of 10,000 words is a piece of original research, carried out between June and September, supported by a research methods course and lightly supervised by a member of faculty.
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.
First destinations of recent graduates include: -Government Economic Service: economic advisor -Bank of England: economist -Frontier Economics: analyst -Oxford Economics: economist -Charles River Associates: senior associate -HSBC: analyst -UCL PhD programme
Top career destinations for this degree: -Junior Consultant, Frontier Economics -Associate, BCG (The Boston Consulting Group) -Consultant, EY -Assistant Economist, Government Economic Service -MSc Business and Analytics, University of Manchester
Employability UCL's Economic Policy MSc is a passport to careers in major national and international institutions that demand deeper, more rigorous analytical reasoning in economics. In these roles, graduates draw on a theoretical grounding and a 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 their roles. Profiles of recent graduates are available on the department website.
Why study this degree at UCL?
UCL Economics has an outstanding international reputation in the areas of game theory, industrial organisation, econometrics, applied microeconomics, development and labour economics. The department is a global leader in policy-oriented research, with members directing and holding senior positions in research centres involved in policy design and evaluation. The Research Excellence Framework 2014 ranked the UCL Economics as first in the UK for economics and econometrics, as well as the leading department in the UK in any field in any university. This reflects the high quality of policy-relevant academic research being undertaken by staff, and the excellent research and teaching environment for graduate students.
Resident and visiting economists contribute to the programme through lectures, seminars and research supervision and provide access to a network of both public and private sector employers.
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.
"By updating and furthering my knowledge of economic theory and applications the degree has given me increased confidence in my ability to continue my career as a government economist – as it has enabled me to gain the skills and knowledge of economics that would be expected. Studying the MSc degree has also certainly strengthened my ability to prioritise tasks and information and to plan and use my time effectively. "
"I was attracted to UCL for its undisputed reputation as a world-leading academic institution. Besides being thrilled at the idea of living in London, I was also interested in becoming acquainted with a more mathematically intense, quantitative and technical approach to economics than the one I was exposed to during my previous studies and UCL was definitely the right place to achieve this."
"What I appreciated most about the Economic Policy MSc was the breadth of topics covered and the expertise and experience of the teaching staff. The programme was also very well organised, with the key resources available on the UCL Moodle, making study for final exams much easier."
A scholarship of £5,000 is available for prospective students of the MSc in Economics or MSc in Economic Policy. The scholarship is awarded on academic merit with preference given to candidates who intend to specialise in international economics or in issues of economic policy in Europe.
One scholarship of £5,000 is available to an MSc student from the UK or the EU to fund costs of living while enrolled in one of the MSc Programmes. This bursary is awarded based on financial need of the applicant.
A minimum of an upper second-class Bachelor's degree in Economics with a significant quantitative component from a UK university, or an overseas qualification of an equivalent standard. Applicants with a qualification of an equivalent standard in another quantitative discipline, such as statistics, mathematics, engineering or physics, may also be considered. Applicants whose undergraduate degree is from a university outside the UK must supply GRE scores. The quantitative GRE score must be 155 or above, the verbal score must be 150 or above, and the analytical score must be 3.5 or above (post-August 2011 scores).
11 October 2016
Recipient: University College London
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