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2: MRes Course

Induction and enrolment

Your induction timetable is available here. You should register online before the start of term, following the instructions sent to you by the University.

It is important that you do so in order to obtain your University Card when you arrive, 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 21 September – Friday 2 October 2020 inclusive), lectures for your other Autumn Term modules start on the Wednesday of Week 1 (Wednesday 7 October). Details of other important dates are given below.

Important dates

Pre-Term

Mon 21 Sept - Fri 2 Oct (inclusive)

 EC9A0 Advanced Mathematics for Economists

To be delivered online and face to face (S2.79)

Autumn Term starts 5 October 2020
Wednesday 7 Oct 2020 Teaching begins, see MRes Teaching Timetable
Friday 9 Oct 2020 Deadline for signing into Tabula
Mon 3 May - Fri 14 May 2020 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 2020/2021 academic year using the eVision Module Registration (eMR) system. The system will be open from Monday 21 September to Friday 16 October 2020 and will be available via www.warwick.ac.uk/evision . You will need your ITS username and password to log on. Once you have logged on you will then be able to see a personalised page where you will see those modules that are core for your course (for year 1 MRes all modules are core). For year 2 MRes students, you will be asked to make your optional module 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 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 this degree course. 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 of the MRes, you will follow four core modules: Advanced Microeconomic Theory (EC9A1), Advanced Macroeconomic Analysis (EC9A2) and Advanced Econometric Theory (EC9A3), followed by The Practice of Economics Research (EC9AA). 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 duration 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


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


    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 of the Economics modules offered is 10 weeks long and has 30 hours of teaching. Please note that the structure of the programme may be subject to change. 'Classes' refers to 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 developments and trends in the field; we may have new academic staff joining us with new perspectives and ideas for the 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.

Please note in all situations, the Regulations as set out by the University in the Calendar, course regulations and examination conventions have ultimate authority.

Progression requirements

First year: In order to proceed to the second year you must pass the three core modules: EC9A1 (Advanced Microeconomic Theory); 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. Calculation of the averages for both taught and core will be weighted by the number of CATs for each module.

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 in years 3 to 6) is not necessarily, but can be, up to four years long. You are expected to defend your thesis at some point in either 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 (at the end of year 5) and to use the fourth year (year 6) to polish the job market paper and go on the job market. At the end of the first year of research (year 3), 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 (year 4).

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

The final year: You are required to submit your thesis via the Doctoral College, 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 Doctoral College web page or come and talk to us in the Postgraduate Office (Maryanne Heafey/Natalie Deven).

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 moodle page for the module (see 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. For students who first registered prior to the academic year 2017-18: 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 180 credits at Level 7 for the award of Master this must be clearly specified in information supplied to students. For students who first registered in or after the academic year 2017-18: 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 clearly be 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. For students first registered in or after academic year 2017-18: 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.

PLEASE NOTE: 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 their 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 student's transcript.

7. Where there is evidence of serious medical or personal problems disclosed to, and discussed by, the relevant departmental Mitigating Circumstances 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. For students who first registered prior to the academic year 2017-18: 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 180 credits at Level 7 for the award of Master, this must be clearly specified in information supplied to students. For students who first registered in or after the academic year 2017-18: 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 Masters 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 Mitigating Circumstances 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).

Award of MRes Economics

If you successfully complete all of the requirements for the MRes, the final Exam Board (in September of your second year), will recommend the award of the MRes Economics degree and you will be invited to the next graduation ceremony, which normally takes place the following January. Further information on graduation, your degree certificate and official transcript is available on the Graduation Office web page.