What this programme is about
An MSc Economics takes the familiar ideas of markets, incentives and policy and gives them a much more mathematical treatment.
Microeconomics, macroeconomics and econometrics usually form the core, with specialisms such as development, labour, finance or public economics layered on top.
The jump in quantitative intensity can be significant. Optimisation, probability and statistical modelling are not side topics; they are part of how modern economics is expressed.
Econometrics becomes especially important because economic claims need to be tested against real data.
Students learn to question identification and assumptions. A correlation can look impressive and still tell you very little about cause.
Before applying, compare mathematics prerequisites, econometrics depth and whether the programme is designed for professional analysis, research or preparation for a PhD.
Inside the curriculum
Skills you'll build
Where this can take you
What studying this programme is like
Advanced microeconomics studies consumer, firm and strategic behaviour using formal models.
Macroeconomics explores growth, inflation, labour markets, monetary policy and aggregate fluctuations.
Econometrics develops tools for estimating relationships and evaluating causal claims from observational or experimental data.
Optional modules may include development, trade, finance, public economics or environmental economics.
Programming or statistical software is often used extensively for empirical assignments.
A dissertation gives you the opportunity to combine theory and data around a focused economic question that can actually be tested.
Is this likely to suit you?
Good fit if you...
- You enjoy mathematics and economic reasoning.
- You want stronger econometric skills.
- You are interested in policy or research.
- You can work comfortably with data and models.
- You may be considering a PhD in Economics.
Think twice if you...
- You want economics with very little mathematics.
- You strongly dislike statistics.
- You want a general business degree.
- You have not checked the programme's calculus and quantitative prerequisites.