Masters degrees in Economic Policy allow postgraduates to specialise in the impact of economic analysis and the decisions based upon it by governments and other organisations. Courses combine economic theory with a practical focus.
Most programmes award taught MSc degrees, but research qualifications and shorter Postgraduate Certificate and Diploma courses are available.
Postgraduate courses in Economic Policy may be ideal for Economics graduates looking for a more applied approach to their subject.
You’ll be able to develop an advanced understanding of economic theory, but will also have the chance to explore the uses of economic insight and the difference it can make to people and organisations.
Possible careers include work in governance and public policy, helping people and politicians understand and utilise economic insights. Other opportunities may exist with businesses, charities or other organisations with an interest in decision making informed by economics.
A Masters in Economic Policy also offers excellent preparation for further PhD research in related topics.
Economic policy problems are everywhere. Think of the financial crisis in 2008 and the Eurocrisis that erupted in 2010. Think also of population ageing which causes large increases in spending on healthcare and pensions. Global warming may threaten future life on earth. And income inequality is increasing almost everywhere in the Western world due to globalization and technological changes. In order to be able to solve economic problems governments need excellent policy economists. By completing this Master programme you will be able to apply state-of-the-art economic theory and research methods to solve the most important policy issues of our time.
Besides courses, the core of the Master programme consists of seminars. In the main seminar you will try to solve one of the most pressing policy problems of our time. Moreover, our partners will provide internships for the best students of the program, for example, at one of the Ministries, CPB Netherlands Bureau for Economic Policy Analysis, competition and other government authorities. During this internship you will also most likely write your Master’s thesis.
The main values of the Policy Economics programme at Erasmus School of Economics are: open minded, curious, academically thorough, hard-working and politically engaged. If you are a strongly analytical student, if you are highly motivated, and if you are socially engaged, then you should enroll in the Master in Policy Economics!
Good policy economists are scarce and your career perspectives will be excellent. When graduating from this master you will be able to work as an applied policy economist at ministries, applied research institutes, bureaus for policy analysis, and international institutions. The places where our Policy Economics specialisation alumni will be working are the Dutch Ministries, CPB Netherlands Bureau for Economic Research, the Dutch Central Bank, the OECD, and universities.
Typically, a Policy Economics student is smart, active and has above-average Bachelor grades. Do you have a keen interest in applied-policy issues and the public sector? Then you should read what our students have to say.
Download the brochure here.
Bridging the gap between theory and practice – and applying them to the design of sound, feasible policies – can provide the key to solving micro, meso and macroeconomic issues.
How do policy makers make decisions that affect economic, societal and personal welfare? How is welfare defined and measured? And how can we design more effective policies? This specialisation covers not only econometric questions, but also psychological, cultural, legal and philosophical ones. By improving your insight into complex issues, it will prepare you for designing successful strategies in your future career as a policy maker or consultant .
Our graduates are experts in economic policies who work for government and semi-government organisations, and also as consultants in business and industry. You can do the same. By examining real-world scenarios, you’ll acquire the analytical skills you need to take research results and apply them to a wide variety of problems.
See the website http://www.ru.nl/masters/ep
- You’ll tackle economic and policy issues at all levels – focusing mostly on the real economy.
- You’ll combine learning with research: your lecturers are researchers who incorporate the latest findings into their teaching. As a student, you’ll also do research.
- You’ll interact with your professors in small seminar groups.
- By taking our ‘Economics Plus’ package, you’ll combine ‘standard’ economics with disciplines such as psychology and sociology. This will give you the knowledge you need to tackle policy issues in today’s globalised world.
You’ll gain a strong theoretical background in both mainstream and heterodox (i.e. non-mainstream) economic theories, augmented by methods derived from disciplines that include psychology and sociology. There’s good reason for this broad approach: if an economic problem seems intractable, you may need to change your perspective. We also examine the policy relevance of theoretical insights and give you the tools you need to design policies that will make a difference to people’s lives.
1. A Bachelor's degree in Economics – or a closely-related discipline – from a research-oriented university, with sufficient background in Research Methods and Mathematics (and Economics if you took a different degree).
2. Proficiency in English
In order to take part in this programme, you must be fluent in both written and spoken English. Non-native speakers of English need one of qualifications below. Please note that certificates must have been awarded in the past two years, and that no other certificates are accepted:
- A TOEFL (iBT) Certificate with a minimum overall score of 90 and no subscore not less than 18, or
- IELTS Academic Certificate: a minimum overall score of 6.5 less than 6.0, or
- A Cambridge Certificate of Advanced English (CAE) with a minimum score of C, or
- A Cambridge Certificate of Proficiency in English (CPE) with a minimum score of C.
3. A letter of motivation (max. 2 pages)
Please explain why you want to follow this programme and why you think you should be part of this programme.
This programme will provide you with a toolbox filled with the skills and knowledge needed to tackle a whole array of economic problems. Besides issues at the micro and macroeconomic level, graduates learn to deal with issues at the meso level, for example, how to stimulate innovation.
Our graduates devise policies and learn to analyse critically which solutions are most likely to work in a specific economic and social context. They regularly find employment as policy makers for government and semi-government organisations, in ministries, national banks, NGOs, think tanks, the UN and the EU , as well as national and international labour organisations. But your career prospects are much broader than that. You could for example, work as a consultant in industry or as a lobbyist.
By giving you a strong theoretical grounding in a broad range of current economic theories – both mainstream and heterodox –this programme will show you not just what is happening, but also why and how. To ensure that it is always relevant, we update the content every year.
Our main aim is to unravel the diversity – and the complexity – of economic issues, and thus clarify the role of economics in society. At the micro level, we might look at, for example, policies for reducing traffic jams or encouraging citizens to opt for more sustainable ways of living. At the meso level, we might examine policies intended to determine which companies should be supported – those that are struggling or those that are successful? – and how companies can be encouraged to innovate. And at the macro level, we might try to determine whether government policies should respond to financial crises through austerity or through investment.
Lectures are devoted to detailed discussions of a wide range of real-world scenarios. As an active participant, you’ll join in debates with your lecturers and your fellow students, and sometimes with experts from the field. One module – Technology & Innovation Policy – is taught by an emeritus professor and two business leaders. Guest speakers are drawn from varied backgrounds, such as a recent speaker from the Dutch Ministry of Finance, who discussed financial illiteracy. Activities such as these all exemplify the kinds of concerns – economic and otherwise – you’ll be likely to encounter as a policy maker.
See the website http://www.ru.nl/masters/ep
About the Programme
The (Master of Advanced Studies) MAS ETH in Science, Technology and Policy provides natural science and engineering graduates with complementary skills in public policy analysis and policy management. The programme's focus is building students' ability to situate scientific and engineering knowledge within a broader social, economic, and political context, and analyse policy-making institutions, processes and policy options as well as policy management and evaluation procedures.
While emphasis is on a wide range of skills in policy analysis and management, the programme offers ample opportunities to apply those skills to specific policy areas of interest.The MAS ETH STP will support the creation of a next generation of decision makers and policy leaders truly literate in science and technology as well as policy.
The MAS Programme includes lectures, seminars, case studies, and independent research work, including an extensive policy analysis project. The first half of the programme is designed for full time study, and the second half of the programme can be completed through full- or part-time study in combination with an internship or professional employment.
The programme's goal is to complement students' scientific or engineering skills with additional education in public policy analysis and policy management to support successful careers in government, public administration, corporate regulatory and strategy divisions, international organisations, and civil society.
The MAS ETH STP programme is for students seeking to combine their science or engineering knowledge with skills in policy analysis and policy management. Potential future employers include:
The Economics of Public Policy Program will prepare you for analytical positions at public institutions, international organizations, consulting firms, research institutions, and think tanks.
The Economics of Public Policy Program provides students with the theoretical and empirical fundamentals to answer questions that impact entire populations.
How and why do particular public policies get implemented? How are they designed? How do we know if they work? Why are some policies more successful than others?
National-level finance and planning involves big numbers: pensions, health systems, income support, social programs, and so forth. Successful public policies can make all the difference for the lives of millions of individuals, with numbers and effects become much larger for developed countries and faster growing in developing ones.
Students will be exposed to the views of experts from fields other than Economics in order to build an appreciation for the multidisciplinary nature of public policy design and evaluation. A master's advisor will guide each student in completing an independent master's project by the end of the program, allowing specialization in a policy topic of the student's choice.
Our graduates will be prepared to take on analytical positions at public institutions, international organizations, consulting firms, research institutions, and think tanks.
Graduates will also be well-prepared to pursue advanced post-graduate study of Policy or Economics.
Upon successful completion of the program, students will receive a Master Degree in Specialized Economic Analysis awarded jointly with the Universitat Autònoma de Barcelona and the Universitat Pompeu Fabra. The degree requires the successful completion of 60 ECTS (European Credit Transfer System) credits of graduate courses (6 credits are equivalent to a 40 hour course), some compulsory and some elective. The students' final program must be discussed with and approved by the Master Director.
Examples of recent professional placements:
Examples of recent PhD placements: