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2: MRes Course

Induction and enrolment

You should register with the Department on Monday 17 September 2018 between 8.45 -9.15 am in room S0.91 (ground floor Social Sciences building).

You will then be directed to register with the University between 9.15- 9.30 am in room S2.79 (2nd floor), Social Sciences building. It is important that you do so in order to obtain your University Card, which will enable you to use the Library and computing services, including email, both of which you will need right from the start of the academic year. If you are a Tier 4 student you will not be permitted to join the course until you have fully enrolled.

Although the Advanced Mathematics for Economists course takes place in the two weeks before term starts (Monday 17 September – Friday 28 September 2018 inclusive), lectures for your other Autumn Term modules start on the Wednesday of Week 1 (Wednesday 3 October). Details of all important dates are given below.

Important dates

Pre-Term

Sun 16 September 


Arrival at Warwick

Monday 17 September

5.00pm-6.30pm

Welcome Reception and Address

Chancellor's Suite, Rootes Building

Mon 17 Sep - Fri 28 Sep (inclusive)
10.00am - 12.00pm
& 2.00 - 4.00pm

 EC9A0 Advanced Mathematics for Economists

Room E0.23, Social Sciences Building

Fri 21 Sep
7.00pm - 9.00pm
Dinner and Quiz
Panorama Room, Rootes Building

Autumn Term (1 Oct - 08 Dec)

Monday 1 Oct
11.00am - 12.00pm

6.15-7.30pm

Library Induction Course
Library Training Room, 2nd Floor, Main Library

Question Time
Butterworth Hall, Warwick Arts Centre

Tuesday 2 Oct

11.00-11.20am


11.20-11.50am


11.55-12.10pm

12.10-12.30pm


12.30-1.30pm


2.00-3.00pm


IT Services Presentation
Room S2.77, 2nd Floor, Social Sciences Building

Research Student Skills Programme (RSSP)
Room S2.77, 2nd Floor, Social Sciences Building

PG Hub and Wolfson Research Exchange Presentation
Room S2.77, 2nd Floor, Social Sciences Building

SkillsForge Presentation

Room S2.77, 2nd Floor, Social Sciences Building

Buffet Lunch - MRes/Yr 1 PhD Students and Faculty
Room S2.79, 2nd Floor, Social Sciences Building

Introductory Meeting with Director of MRes
Room S2.77, 2nd Floor, Social Sciences Building

Wednesday 3 Oct Teaching begins, see MRes Teaching Timetable
Friday 5 Oct Deadline for signing into Tabula
Tues 6 May - Fri 17 May Exam Period (MRes Year 1)

Online module registration

When you arrive at the University in September you will need to register your module/exam choices for the 2018/2019 academic year using the eVision Module Registration (eMR) system. The system will be open from Monday 17 September to Friday 12 October 2018; to access it you need to sign in via start.warwick and then select the module registration link.

You will then be able to see a personalised page where you can view any modules that may be core for your course. For MRes students, option choices will be available in the second year and you will be asked to make your choices at the appropriate time.

Course regulations

The MRes/PhD is a ‘2+4’ year programme, with two years of taught courses (at the end of which, successful students will be awarded the MRes Economics). Students who achieve the required progression criteria, proceed to four years of research leading to award of PhD.

The table below shows the modular structure of the programme and forms the course regulations for the programme. Please see also the MRes Assessment and Examination Scheme included in Section 3 of this handbook. This includes the credit weighting (by year of study) for the calculation of the degree. In brief, the total credit weighting (of 240 CATs) is equally distributed between years 1 and 2 of the MRes.

There is also a course specification for every undergraduate and postgraduate programme. Each course specification sets out the aims of the course, the skills and knowledge a graduate from that course will possess and how it is taught and assessed. The course specification for MRes can be found on the course specification section of the University website.

In the first year, you will follow four core modules: Advanced Microeconomic Theory, Advanced Macroeconomic Analysis and Advanced Econometric Theory, followed by The Practice of Economics Research. The latter is a core module taught in term three of the first year (after the conclusion of the examination period), but assessed at the beginning of the second year. For module EC9AA, you will be required to undertake up to 80 hours of research work over the summer vacation on which you will base your assessment. You have the option of doing this in the Department or outside the Department, but in all cases you will require a supervisor based at Warwick who will mark your work. You will not receive additional payment from the Department for this research work, other than your MRes Studentship (where applicable), which is paid monthly over the 24 months of the programme.

Year One: Core Modules Only*

Autumn (Term 1) Spring (Term 2) Summer (Term 3)
EC9A1 Advanced Microeconomic Theory
(35CATs)
45 hours of lectures and seminars
EC9A1 Advanced
Microeconomic Theory

45 hours of lectures and seminars

Examination

EC9A2 Advanced
Macroeconomic Analysis
(35 CATs)
45 hours of lectures and seminars
EC9A2 Advanced
Macroeconomic Analysis

45 hours of lectures and seminars


EC9A3 Advanced Econometric Theory
(35 CATs)
45 hours of lectures and seminars
EC9A3 Advanced Econometric Theory

45 hours of lectures and seminars

Examination

    EC9AA The Practice of Economics Research
(15 CATs)
30 hours of lectures

Year Two: Option Modules and Dissertation*

Autumn (Term 1) Spring (Term 2) Summer (Term 3)

Option modules

(2 or 3 per term)

Option modules

(2 or 3 per term)

EC9B4 - Dissertation
(60 CATs) submission early September

*NOTE: Students take five option modules amounting to a total of 60 CATs in year two. Each module is 10 weeks long and has 30 hours of teaching. Please note that the structure of the programme may be subject to change. Classes, seminars and tutorials are all different names for the same things – teaching in small groups.

In the second year, you will choose five field options (weighted at 12 CATs each) to be attended over autumn or spring term and complete the dissertation. The balance of modules between autumn and spring term should be taken into account when students make their choices. The final list of options is not yet available as this will depend on a number of factors including the module choices of students (at least three students must register for an option module to run) but an indicative list of MRes field options is available on the programme web page.

You should regard your degree course regulations as largely static throughout your time in the Department. However, you should also be aware that the Department does sometimes have occasion to amend these regulations. We do this for positive reasons: we want to keep the content of your degree course up to date and reflective of exciting developments and trends in the field; we may have new academic staff joining us with new perspectives and ideas for new modules. Sometimes, we may need to adjust the CATS weighting of a module or revisit which students should be able to take it and in which term it is taught. On other occasions we may feel it necessary to suspend or discontinue a module, perhaps because of staffing changes or in order to keep the curriculum fresh and dynamic. Whatever the reason for such change, the Department is committed to consulting with our students prior to major changes to our degree programmes. The consultation may happen via the Graduate Student Staff Liaison Committee (GSSLC) or wider means. If you are affected by any changes to course regulations, you will be informed in a timely manner.

Concerning the availability of modules, we cannot guarantee that all modules listed in this Handbook will be available every year or that the same lecturers will continue to deliver the modules. There are reasons why at times the Department may have to remove or make changes to a module, for example: a lecturer going on study leave or leaving Warwick or a new module becoming available, so another module is removed to avoid overlap.

Progression requirements

First year: In order to proceed to the second year, you must satisfactorily pass, the three core modules: EC9A1 (Advanced MicroeconomicTheory); EC9A2 (Advanced Macroeconomic Analysis); and EC9A3 (Advanced Econometric Theory). The pass mark is 50%, for each of the modules.

Second year: In the second year you must pass the core module EC9AA and all field option modules in order to proceed to the dissertation. The pass mark is 50%. In order to automatically progress to the PhD, students must achieve an average of 65% (over all taught modules in year 1 and 2) and demonstrate strong performance in the core modules (i.e. an average of not less than 60%) and achieve a mark of at least 65% in the dissertation.

These are the normal progression rules. However, the final exam board is permitted to exercise discretion with regard to progression requirements where appropriate (for example where there are mitigating circumstances).

The research part of the degree (the PhD programme) is not necessarily, but can be, up to four years long. You may defend your thesis at any point in the fifth or sixth years. Extension beyond the sixth year is only granted in truly exceptional circumstances.

Years 3-6: We expect you to be ready to submit after three years of research and to use the fourth year to polish the job market paper and go on the job market. At the end of the first year, you will present your first paper to a formal academic panel. You will be required to present your second paper at the end of the second year.

PhD students must give workshop presentations on their work (a minimum of one per year) and are expected to participate fully in the seminar life of the Department and to attend at least one research seminar series and one internal workshop in their field. If relevant, students will carry out teaching assistant-ship duties from their third year onward, including training sessions.

The final year: You are required to submit your thesis via the Graduate School Office, prompting your supervisor to arrange examiners. You will be required to attend an oral examination and make any subsequent changes deemed necessary. For further information on submission and examination of theses, visit the Graduate School webpage or come and talk to us in the Postgraduate Office (Maryanne Heafey/Natalie Devan).

Reading lists, lecture handouts and exam papers

Copies of reading lists and other module handouts are normally distributed during lectures and classes. Many lecturers place notes and other module documentation on the module web pages.

Exam papers for the last couple of years are available on the University website.

NB: We do not supply solutions to past papers.

University requirements for PG Taught Awards

Principles

  1. The University has a single set of rules for the award of taught postgraduate qualifications which are not otherwise constrained by accreditation requirements.
  2. The classification system for the award of merit and distinction is based on averaging.
  3. These arrangements are consistent with the QAA Framework for Higher Education Qualifications and take account of module and course learning outcomes.
  4. The system is designed to be transparent, clear and comprehensible for students and staff.
  5. In arriving at decisions for an award, a fail mark for a module may not be condoned and a module may not be passed by compensation.
  6. The award of Master will normally be made on successful completion of 150 credits at Level 7, providing that a mark of at least 40 is obtained in the failed module(s) and all core modules are passed. Where departments require students to attain a higher volume of credit at Level 7 for the award of Master this must be clearly specified in information supplied to students.
  7. The award of Postgraduate Diploma will normally be made on successful completion of 90 credits at level 7, providing that a mark of at least 40 is obtained in the failed module(s) AND all core modules are passed. Where departments require students to attain 120 credits at level 7 for the award of Postgraduate Diploma this must be clearly specified in information supplied to students
  8. It is the responsibility of examination boards to act in accordance with these rules. Where professional, statutory or regulatory bodies specify requirements for accreditation which are inconsistent with these rules, departments must propose alternative arrangements that must be approved by the Academic Quality and Standards Committee. No additional conventions may be specified by departments.
  9. Where departments wish to maintain flexibility of award as outlined in (6) and (7) above, they may indicate modules, which students must take, but where the achievement of a pass mark of 50 is not critical for progression (within the context of paragraph (7) above). Any such arrangements must be clearly specified in information supplied to students and these ‘required’ modules listed.

For the award of MRes Economics: students must pass 240 credits. MSc Advanced Economics will be awarded (as an exit qualification) to those students who achieve a mark of at least 50% in the taught modules but fail the dissertation. PG Diploma in Advanced Economics will be awarded (as an exit qualification) to those students who have taken 120 credits and passed at least 90 credits at 50% or more (and have no mark below 40%).

Marking

1. All marks should be given on a 0-100 scale.

2. The minimum pass mark for all postgraduate modules is 50.

3. Departments must specify in module proposals and in information supplied to students whether students must pass all elements of the assessment on a module in order to be awarded a pass mark. In the event that departments do not do so, students will be awarded a pass in the module if they attain an average mark, weighted according to the percentage of the individual elements of the assessment, which is not lower than 50.

Re-examination

1. Students on taught postgraduate degrees should normally be allowed one opportunity to remedy failure in initial assessment in modules that equate with no more than one half of the total credits awarded in the taught element of the course. Only one re-examination will be permitted for each module except in mitigating circumstances as set out below.

2. Students should normally be allowed one opportunity to remedy failure in their dissertation/project module. Students obtaining a mark of 30 or less in the dissertation/project carrying a credit weighting of more than 60 credits will only be permitted to submit a re-worked submission for examination against different learning outcomes, the achievement of which would enable them to be considered for the award of a Postgraduate Diploma, except in mitigating circumstances as set out below.

3. Where the failure on an initial assessment in a taught module, dissertation or similar piece of independent project work is the result of penalties for late submission, the student should normally not be allowed to revise or resubmit the same assessment in order to remedy that failure but should be required to undertake a new assessment, dissertation or project. Where it is impracticable for the Department to allow the student to undertake a new assessment, dissertation or project that has failed due to penalties for late submission, the initial failure should be allowed to stand and the matter referred to the Board of Examiners for their consideration of all the circumstances relevant to the case.

4. Where a failure results from a finding of cheating under University regulations, it should be for the Head of the Department (or his or her authorised deputy), the University Investigating Committee or the Board of Examiners to determine whether the student should be allowed to remedy that failure.

5. Where a student has failed to reach the minimum pass mark for a module which contains more than one element of assessment the student shall normally be required to be re-examined only in the element(s) of the assessment which has (have) not met the minimum pass mark, noting that the appropriate method of reassessment should be determined by the Board of Examiners.

6. The maximum pass mark which may be awarded for a module on re-examination is 50, irrespective of the mark(s) which have been given for other elements of the assessment for that module, except in mitigating circumstances as set out below. Departments are however required to keep a record of the uncapped mark, although it would not appear on the stduent's transcript.

7. Where there is evidence of serious medical or personal problems disclosed to, and discussed by, the relevant departmental Special Cases Committee, that committee may make recommendations to the relevant Examination Board as to the extent to which these special circumstances should be taken into account in offering to the student an opportunity to be examined as a first attempt or offered a further opportunity for re-examination. Any discretionary consideration should be clearly minuted by Examination Boards. The Examination Board should not amend a module mark or the mark for any element of assessment as a result of special circumstances being taken into account except that where there are a number of elements to the assessment the Examination Board may recalculate a module mark based on the elements of the assessment which have attained a pass mark and which were not affected by the special circumstances.

Progression

1. Where students are not initially enrolled for a full Master’s award, they may normally only progress to the next stage of a course when they have acquired the required minimum number of credits specified in the tabulated summary at appendix A, including passing all modules designated as core to ensure that the stated course learning outcomes have been met. If a department requires that students must also obtain a specified average mark across some or all modules before progressing from a postgraduate certificate to a postgraduate diploma, or from a postgraduate diploma to the Master’s, this must be clearly specified in information provided to students.

2. Course proposals and documentation provided to students must, therefore, explicitly identify the core modules on any course for which credit must be achieved in order to progress.

3. Where any additional modules are required to be passed (in addition to the total minimum credit volume to be passed as specified in appendix A) to meet the learning outcomes for an award or for progression to the next stage of a course, this must be indicated clearly in the course approval and specification and be made clear in documentation supplied to students.

Awards and classification

1. Students are eligible for the awards shown in appendix A if they obtain the minimum number of credits at the appropriate level(s) and all core modules are passed. Where departments require students to attain a higher volume of credit at Level 7 for the award of Master this must be clearly specified in information supplied to students.

2. Where departments require students to attain 120 credits at Level 7 for the award of Postgraduate Diploma this must be clearly specified in information supplied to students.

3. Subject to the provisions of (5) below the award of Master, Postgraduate Diploma, Postgraduate Certificate or Postgraduate Award should be with merit if a student attains an Award Average (weighted according to the credit rating of the modules comprised within the award) of between 60.0 and 69.9 inclusive and with distinction if a student attains an Award Average of 70.0 or above. Where departments specify that a student must attain a mark on a particular module or modules of 60.0 or above for an award with merit or 70.0 or above for an award with distinction this must be specified in information provided to students.

4. Irrespective of the award average attained by a student and subject to the provisions of (5) below, no student may receive an award with merit or distinction if the student has not received the minimum pass mark for any module.

5. Where there is evidence of serious medical or personal problems disclosed to and discussed by the relevant departmental Special Cases Committee that committee may make recommendations to the relevant Examination Board as to the extent to which these special circumstances should be taken into account. Any discretionary consideration should be clearly minuted by Examination Boards.

Appendix A: Tabulated Summary of Credit Requirements for Awards

Qualification Total minimum
credit to be taken
Total minimum
credit to be passed:
including all
core materials
Highest level of credit Minimum credit to be
passed at highest level
Master (PGT) 180 150* 7 150
PG Dip 120 120** 7 120
PG Cert 60 60 7 60

* The award of Master may be made where a student has obtained 150 credits providing the student has obtained a mark of at least 40 in the failed module(s).

** The award of Postgraduate Diploma may be made where a student has obtained 90 credits providing the student has obtained a mark of at least 40 in the failed module(s).