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MSc Economics and Public Policy

Course Description

About the course

This course will enable you to specialise in public economics and designing and evaluating public policy.

This course prepares you for a career as an economist in the public sector or in research.

Your career

Our masters courses will train you for a career as a professional economist. Employers in a wide range of sectors are increasingly looking for economics graduates with postgraduate qualifications.

Recent graduates have taken economist jobs in finance and consultancy such as Bank of America and Deloitte. Others work in public sector and government departments in the UK and overseas such as the Department for Work and Pensions. Some graduates go on to work in academia or in research.

You will also receive advice in taking the next step in your career with dedicated employability support and access to opportunities such as internships that can significantly enhance your career.

Our research influences policy

You will be taught by some of the top economic experts in their field, receiving the latest cutting-edge teaching from people that care passionately about their subject.

Our research influences and informs real economic policy. We advise government departments in the UK and internationally and global organisations including the European Union, the World Bank and the Organisation for Economic Co-operation and Development (OECD).

The SF6D utility index for valuing health status was developed at Sheffield. This index is used by decision-makers around the world to evaluate the cost effectiveness of health care interventions.

A collegiate economics community

We’re one of the few stand-alone economics departments in the north of England and we’re not part of a large business school. This means you will be part of an economics community, where you will get to know your tutors personally and build friendships with the other students on the masters courses.


Our building is in the heart of the campus in the city centre and has undergone a £3.5 million refurbishment. You will have access to the latest economics computer software such as STATA and MATLAB. Our building is close to The Diamond and the Information Commons which are state-of-the-art facilities for private study with access to the latest economics books and journals.

Our courses

We offer a range of masters courses both full-time and part-time. All of our courses give you a thorough technical grounding in economic theory and the techniques of applied economic analysis.

Our courses allow you to specialise in a number of different areas, for example finance and financial economics. If you want to advance your knowledge in one of these areas, Sheffield is one of the best places in the UK.

For each course you’ll need to pass eight taught modules over two semesters, four in each. Modules will be taught mainly through lectures, tutorials and computer labs. Assessment is mostly by exams but also includes some coursework. The compulsory dissertation gives you the chance to conduct your own research over a ten week period.


A limited number of National Institute for Health Research (NIHR) studentships are available for home and EU students on this course.

Core modules

Microeconomic Analysis; Macroeconomic Analysis; Econometric Methods;

Applied Microeconometrics; Public Economics; Public Policy Evaluation.

Optional modules

Modern Theory of Banking and Finance; Health Economics; Applied Macroeconometrics; Development Finance; Asset Pricing; Modern Finance; Industrial Organisation; Monetary Economics; International Trade.

Visit the MSc Economics and Public Policy page on the University of Sheffield website for more details!

Entry Requirements

A good 2:2 undergraduate degree in economics usually with mathematics and statistics components. We will also consider students with very good degrees in related subjects with strong economics, finance (not accounting finance), mathematics and/or statistics components. English language requirements: Overall IELTS grade of 6.5 with a minimum of 6.0 in each component, or equivalent.

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Recipient: University of Sheffield
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