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Economics (MSc)


Course Description

The aim of this traditional taught Masters is to provide you with rigorous training in the analysis of economics, including quantitative techniques and research methods. On completion of this degree you will be equipped with the tools of the professional economist and will be ready for your chosen career path, whether in government, the private and financial services sectors or further research in economics.

You will study core course units in Microeconomics, Macroeconomics and Econometrics, as well as a range of optional courses to allow specialisation. You will be taught by a top-ranking Department of Economics with expertise in a wide set of areas and who produce world leading research.

With an intake of 25-30 places you will benefit from a strong sense of group-identity and enjoy close contact with the academic staff of the department. The course director serves as your personal advisor up until the spring and you will then be assigned a personal dissertation supervisor.

See the website https://www.royalholloway.ac.uk/economics/coursefinder/msceconomics.aspx

Why choose this course?

- The course offers an excellent opportunity to get a strong grounding in core areas of Economics and to specialise your knowledge further through the optional courses on offer.

- You will be taught by academics who produce world leading research. In the 2008 Research Assessment Exercise we were ranked among the top 10 Economics Departments in the UK

- Students attend a two week pre-sessional quantitative methods course to ensure they are in a good position to start this challenging Masters course.

- Our graduates are highly employable: 90% of graduates from the Department of Economics were in full time employment or further study within six months of graduation.

- The Department has expertise in a wide set of areas, including Labour Economics, Experimental Economics, and Public Economics, and the topics taught on our Masters courses reflect these areas of excellence.

- The Department of Economics at Royal Holloway is unique in being a young department, created in 1995, in an established and prestigious college of the University of London.

- We are one of the few Departments in the UK to have an in-house economics experiments laboratory, used by staff and research students.

Department research and industry highlights

- Economics is among the top departments in the UK for Research Excellence. In the 2008 Research Assessment Exercise (RAE), 80% of the Department's research submitted was ranked as world-leading or internationally excellent (rated 3* and 4*).

- A recent analysis of the 2008 Research Assessment Exercise (RAE) shows that the Economics Department at Royal Holloway is the third best department in the UK for publications. The study by Jim Taylor and Ian Walker provides further insight into the research standing of UK economics departments. Previous rankings from the data already showed the Department in the top 10 in the UK.

- The Department displays strength across the core fields of the discipline - microeconomics, macroeconomics and econometrics – and in particular labour economics, development economics, experimental economics and economics history.

- We run a weekly Internal Seminar which provides a lively forum for work at an early stage of development. Our External Seminar Series runs weekly during term and welcomed over 20 external speakers from prominent places during last academic year. Invitees are the usual mixture of established names and newer entrants to the profession thought to be doing exciting work.

Course content and structure

The duration of the course is 12 months, including a compulsory pre-sessional mathematics refresher course and a dissertation written over the summer.

On completion of the course graduates will have:
- advanced training in the principles of economics and their application appropriate to postgraduate level

- developed the ability to apply the advanced knowledge, research methods and skills they have acquired to the solution of theoretical and/or applied problems in economic policy

- the ability to evaluate critically current research and advanced scholarship in the discipline

- analytical skills and an ability to develop simplifying frameworks for studying the real world and to be able to appreciate what would be an appropriate level of abstraction for a range of economic issues

- a range of transferable skills that will be of value in employment and self-employment

- the knowledge and skills base from which they can proceed to research in economics and related areas.

Assessment

Assessment is carried out by a variety of methods including coursework, examinations and a dissertation.

Employability & career opportunities

90% of graduates from Royal Holloway, University of London’s Department of Economics were in full time employment or further study within six months of graduation.

Our graduates are highly employable and, in recent years, have entered many different economics-related areas, including working in the Public Sector (Government Economics Service), journalism, business analysis. careers as Economists, Journalists and Business Analysts. Our graduates are currently working for firms such as Accenture, TNS, Bloomberg, Citigroup, Royal Bank of Scotland, Credit Suisse, Pricewaterhouse Cooper and Baker and Mackenzie. This course also equips you with the subject knowledge and a solid foundation for continued PhD studies.

Your careers ambitions are supported by our Careers Officer, Dr.Melanie Luhrmann as well as the College Careers Service, located right next door to the economics department. They offer application and interview coaching, career strategy discussions, and the opportunity to network with major employers on campus. Our careers service is provided by the Careers Group, the main provider of graduate recruitment services in London. Thus, you will have additional access to a wealth of presentations and networking opportunities.

How to apply

Applications for entry to all our full-time postgraduate degrees can be made online https://www.royalholloway.ac.uk/studyhere/postgraduate/applying/howtoapply.aspx .

Visit the Economics (MSc) page on the Royal Holloway, University of London website for more details!

Entry Requirements

UK Upper Second Class Honours degree (2.1) or overseas equivalent in Economics, Mathematics, Physics, Engineering or a similarly mathematical subject. Applicants with a good Second Class Honours degree (2.2), or overseas equivalent, will be considered on an individual basis. Relevant professional qualifications and relevant experience in an associated area. IELTS 6.5 overall with 6.5 in writing and a minimum of 6.0 in all other subscores.

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