Dissertation guidelines for MSc Economics and MSc Economics and International Financial Economics

The main aim of the dissertation is to encourage independent study and to provide a foundation for future original research. In terms of learning, the dissertation should provide you with a number of research skills, including the ability to:

1. Define a feasible project allowing for time and resource constraints;
2. Develop an adequate methodology;
3. Make optimal use of library resources;
4. Access data bases, understand their uses and limitations and extract relevant data;
5. Work without the need for continuous supervision.

Topic selection and allocation of supervisors

Your first task is to determine your dissertation topic and possible supervisor. In the Spring Term you will have Research Methods lectures that explicitly direct you to sources of inspiration. Alternatively, you may already know the topic you wish to pursue. A word of advice: it is critical that you choose a topic that you are really interested in and not something that you think sounds good.

Stage 1

Information on potential supervisors will be made available in a spreadsheet, which gives you a list of all supervisors available, along with their main areas of interest. You can browse the staff personal web pages for information, or approach members of staff directly with your research ideas.

Students need to approach their potential supervisor and confirm supervision with them in writing (an email is sufficient). Note that supervisors will only be able to accept a limited number of students each. If you have a preferred supervisor in mind approach them early with a clear idea of a topic you would like to pursue to avoid disappointment.

Once you have decided on a topic you should go to the online form on the dissertation webpage. On this form, you are asked to indicate:

(i) your thesis title, and

(ii) a short description of your planned research.

(iii) your dissertation supervisor (if you have reached an agreement with a supervisor).

The deadline for submitting this form is 12.00 noon on Monday 7th April 2025 (week 28).

Stage 2

If you have not made an agreement with a supervisor then you will be asked to sign up for one of the remaining supervisors on Tabula, and the slots will be filled on a first-come first-served basis. You will be notified of the date and time for doing this by email.

By the start of week 34 of the Summer Term, i.e. Monday 19th May 2025 (week 34), all students will be allocated supervisors.

Changes in title/topic must be agreed with the supervisor. A request for a change in supervisor must be made directly to the Director of Graduate Studies (Taught Degrees). Changes will only be made if both original and new supervisor agree.

Timetable for Summer Term

Students are expected to stay in the UK during the Summer Term and will be delivering their presentation in-person.

Monday 7 April 2025 (week 28) - 12.00 noon

Deadline for submission of proposed title of dissertation and prospective supervisors online formLink opens in a new window.

Monday 19 May 2025 (week 34)

MSc dissertation supervisors announced.

Wednesday 28 May 2025 (week 35)

Deadline for submitting ethical scrutiny form (if applicable).

Monday 2 June - Fri 13 June 2025 (weeks 36/37)

During this period supervisors will arrange for all supervisees to give short in-person presentations of their ideas.

Monday 23 June 2025 (week 39)

Deadline for submitting Dissertation Proposal by e-submission.

Wednesday 3 September 2025 (week 49)

Dissertation submission deadline for MSc in Economics and MSc in Economics and International Financial Economics.

Wednesday 4 March 2026 (week 23)

Dissertation submission deadline (for resit candidates).

The role of the supervisor

The role of the supervisor is:

• To advise you on the feasibility of your chosen topic and help you find ways of refining it;
• To provide some references to the general methodology to be used;
• To provide general guidance to the literature review and analysis of the chosen topic.

Supervision will take place mainly or entirely during the summer term. This means that both you and your supervisor need to use the time efficiently. The role of the supervisor during the summer term is to help you develop your dissertation proposal and then to mark and provide feedback on your proposal. During the summer vacation the expectation is that you will be working independently, and your supervisor’s role will be to read and make some comments on a final draft of your work.

Additional support to develop research skills

In November, we run dissertation tutor groups based on students' areas of interest to help you connect with a tutor who can support you with your topic or supervisor selection. In the Spring Term we run formal Research Methods lectures and workshops to equip you with the necessary skills required for research and help to prepare you for your dissertation. The weekly sessions will explain the dissertation process, how to select your topic, what makes a good dissertation, how to complete literature reviews and identify your data. We will continue to build on your skills in econometrics packages with a session on STATA. A Library dissertation training session will explain available resources and how to access databases. A detailed schedule for the lectures and workshops will be announced in the Spring Term.

We provide weekly surgeries in the summer term and vacation to help answer queries about your topic and deal with software and econometric problems. Full details of this facility will be circulated in week 34 of the Summer Term.

Data

It is very important that you identify appropriate data source(s) for your dissertation if you are doing an empirical topic, and you should discuss the availability of sources with your supervisor an early stage.

Some organisations will only supply data on the condition that it would be stored on the Department's secure servers and that the Department would take legal responsibility for it. Unfortunately, the Department is unable to meet these conditions, and in this situation, you would need to use an alternative data source.

Please also be aware that the Department does not typically pay for data sets or cover other costs relating to MSc dissertation data collection (for example, surveys). Therefore, please identify data that are already available or can be acquired free of charge. Our Economics Academic Support Librarian, Jackie Hanes (jackie.hanes@warwick.ac.uk), is happy to help you find the information you need for your research, show you how to use specific resources, or discuss any other issues you might have.

Ethical scrutiny

At Warwick, any research, including dissertations for Masters degrees, that involves direct contact with participants, through their physical participation in research activities (invasive and non-invasive participation, including surveys or personal data collection conducted by any means), that indirectly involves participants through their provision of data or tissue, or that involves people on behalf of others (e.g. parents on behalf of children), requires ethical scrutiny.

Note that your research does not require ethical scrutiny if it does not involve direct or indirect contact with participants. For example, most research involving previously existing datasets where individual-level information is not provided, or where individuals are not identified, or using historical records, does not require ethical scrutiny, and this is likely to include most research conducted in the Department. Research involving laboratory or field experiments, or the collection of new individual level survey data, always requires ethical scrutiny.

It is your responsibility to seek the necessary scrutiny and approval, and if in doubt, you must consult your supervisor.

If your research work requires ethical scrutiny and approval, checks are conducted within the Department in line with rules approved by the University’s Humanities and Social Sciences Research Ethics Committee. Please consult with your supervisor and complete the Department’s form for ethical approval of student researchLink opens in a new window.

The form should be submitted to the Postgraduate Office by Wednesday 28 May 2025 (week 35).

The dissertation proposal

There are two parts to the dissertation proposal: a presentation and a written proposal.

First, you will be required to present your proposed topic to your supervisor and fellow students in a group. This will help you focus your ideas, especially via feedback from other students and your supervisor. Please note that some supervisors will organise individual meetings for presentations. The presentations should take the following format:

• The presentation will be delivered in-person.
• You will have 10-15 minutes each, comprising your 5-10 minute presentation followed by five minutes of discussion and comment;
• The presentation should either use Powerpoint or PDF slides;
• You must identify the title of your proposed research, the research objective, the data and any computing/statistical tools required (for example, Stata);
• The research objective should be briefly expanded into a justification of why you want to study this question — why it is important followed by a short description of what you intend to do;
• One slide is adequate for covering related literature.

Then, based on your presentation and any feedback you receive, you have to write a detailed dissertation proposal to include a literature review and research plan. This should be a maximum length of 1,000 words excluding all appendices, footnotes, tables and the bibliography.

Please note that your supervisor will not comment on a draft of your proposal before you submit it.

The dissertation proposal will be assessed and carries a mark worth 10% of the mark for the dissertation module as a whole. The deadline is Monday 23 June 2025 (week 39) and you should submit your proposal electronically via Tabula.

Dissertation format

The dissertation is worth 90% of the total mark for the dissertation module. There is no minimum word length and concise expositions are encouraged. The dissertation should be a maximum length of 8,000 words, excluding acknowledgements, appendices, footnotes, words in graphs, tables, notes to tables and the bibliography. Note there is a limit of 15 pages for the appendices, footnotes, and tables. Words in the abstract, quotations and citations count towards the word limit.

We recommend that you use Microsoft Word or Scientific Word, both of which can easily insert equations. The first page of the dissertation itself should include the title, your name, date and any preface and acknowledgements. Pages and sections must be numbered. We have no particular preference for how you format your dissertation. The structure of your dissertation will be decided upon by yourself and your supervisor. We have published some top past dissertations and proposalsLink opens in a new window to show you what headings/sub headings other students have used, and how the dissertation might be organised. Every dissertation will normally include:

• Abstract
• Introduction
• Literature Review
• Methodology
• Data
• Results/Discussion
• Conclusion
• References

References should be collected at the back in alphabetical order and should contain sufficient detail to allow them to be followed up if required: at a minimum you should cite author, date of publication, title of book or article, journal of publication or book publishing company. Please refer to the Warwick reference guide .

Submitting your dissertation

Your MSc dissertation must be submitted electronically via Tabula under module code EC959. The name of the PDF file should be your student ID number. As well as the PDF of your dissertation, you should submit your “log” (output) file, noting that you will need to upload the .PDF file and the .txt output file at the same time – if you upload them separately the second file may overwrite the first. Please note that we reserve the right to ask to see further details of your data and any econometric and other programmes you have used to analyse it. So, we advise you to keep electronic copies of data and programs (including do-files if applicable) until after the Exam Board has met.

At the same time, you must also submit a completed Dissertation Submission FormLink opens in a new window. No paper copies of your dissertation are required.

Deadlines and extensions

There will be two deadlines each year for MSc dissertations. The September deadline applies to all MSc students who have passed their examinations at the first attempt and are not taking any re(sit) exams in September. The March deadline will be for those students who are doing re(sit) exams in September, and for those who may have asked for an extension due to mitigating circumstances.

Students who are doing one re(sit) exam and are able to hand in their dissertation for the September deadline will be permitted to do so, on the understanding that this is done at their own risk; the dissertation will not be considered if they have not met the criteria for the taught component of the MSc (see the section on MSc Exam SchemesLink opens in a new window). In the case of two re(sit) exams, we strongly advise you to defer your dissertation until March of the following year. However, if you really feel you have to do your dissertation over the summer, for example, because you are going straight to a job, or for other reasons, you must discuss the situation with your supervisor, and obtain his/her agreement. Please note that we cannot give you a short deadline extension in September because you have got resit examinations. If you have failed or missed three or more exams, we require you to defer the writing of your dissertation until after the September exams, without any exceptions.

If you cannot make your September or March deadline due to medical, or other mitigating circumstances, you must fill in an extension request form, available on Tabula. If your application is approved, you will be permitted to submit your dissertation by the agreed extension date or the next biannual deadline (either March or September). You need to supply suitable medical or other evidence within one week of submitting the extension request. The evidence you provide should cover a substantial part of the dissertation period detailing why you were unable to work on the dissertation. Please note that extensions will not be granted for short-term illnesses, changing where you live, or being in full- or part-time employment.

Assessment and feedback

To achieve at least a pass, a dissertation must demonstrate a high level of competence in both analysis and expression. This can be achieved in several ways, for instance by:

• Providing a critical survey of some area of the subject. This should be written in such a way as to take the non-specialist reader from the beginnings of the topic up to the frontiers. It should integrate and synthesise existing ideas, demonstrate the relationships between them and assess their significance. It is not enough to simply catalogue previous work. However lengthy the bibliography is, a dissertation which does not show deep grasp of the motivation, content and structure of the literature will fail. Though ‘originality’ in the sense of a demonstrable theoretical or empirical innovation is not required in order to pass, it is expected that some degree of original thought will be needed to place the ideas of others in a coherent setting;
• Applying techniques developed by others to a data-set not previously used for that purpose, with a clear motivation for doing so;
• Examining the robustness of an existing theoretical model to changes in its underlying assumptions, with a clear motivation for doing so.

At least two examiners will assess your dissertation. Markers will use the 20-point scale shown in the next section when marking the proposal and dissertation (though note that the final mark agreed by first and second dissertation markers is not restricted to the 20-point scale to enable averaging if appropriate).

No feedback on the result of your dissertation is possible until after the Exam Board meets in November 2025, when your mark and comments will be provided through Tabula. Second markers are not required to write comments, though they can do so if they wish. If the second marker does write comments these can be included separately, or they can be combined into a joint report.

20-point marking scale

Research project guidelines for MSc Behavioural and Economic Science

You will carry out novel research in the area of behavioural science. You will work within one of the departments’ labs, designing and running independent empirical work that addresses a current research question. You will have the support of experts in the field and will produce research suitable for publication in an international journal.

Projects are:

• 30 CATS
• Empirical (that is an experiment, computer program, survey or observational study);
• Physically safe and ethically acceptable (conform to the British Psychological Society Code of Conduct);
• Practical in terms of demands on time, equipment, number of subjects required and laboratory space.

Potential research project topics will be provided in the Spring Term. When the topics are published, please do contact supervisors. You will indicate your project preferences via an online form, with projects allocated centrally.

Ethical scrutiny

You must read the British Psychological Society Code of Human Research Ethics. If you are conducting research using the internet, you must also read the British Psychological Society guidelines on internet mediated research. Both documents can be found on the BPS websiteLink opens in a new window.

At Warwick, any research that involves direct contact with participants, through their physical participation in research activities (invasive and non-invasive participation), that indirectly involves participants through their provision of data or tissue and that involves people on behalf of others (e.g. parents on behalf of children) requires ethical scrutiny. It is your and your supervisor’s joint responsibility to ensure that ethical approval is secured, and this should take place very early in the Summer Term.

If you consider that ethical approval is necessary, please consult with your supervisor and submit the relevant form for ethical approval to psychologyPG@warwick.ac.ukLink opens in a new window. When there are multiple students on the same project, we will only require one form.

Format and submission

Projects might typically contain one or two experiments or a substantial econometric analysis of a large data set. The research in the report should be of a publishable standard. This normally means that the research is relevant and innovative, that there are no major methodological flaws and that the conclusions are appropriate.

With your supervisor choose an appropriate target journal. The formatting of the dissertation must meet the criteria for submission to your target journal. Write up your report following the journal submission guidelines. Include on the front page of your report the name of the journal you select. Avoid writing in a more generic 'thesis style' as you may have done for past projects.

Project reports, excluding appendices, should not exceed 20,000 words, and should normally be much shorter. Your target journal may well have a word or page limit which you should follow.

Appendices of test material, raw data, protocols, etc. need not be submitted with your project, but copies of these materials must be given to your supervisor (see below).

No paper copies are required. Please submit online through Tabula as a PDF.

Raw data

You must retain all of the data that you collect. You must submit all of your data directly to your supervisor when you submit your project. Ideally, you should also submit R scripts (or any other language you may use) for the complete analysis of your data.

Deadlines and extensions

There will be two deadlines each year for MSc projects. The first will be in August and the second one will be in March. The August deadline will be for all MSc students who have passed their examinations at the first attempt and those with the option to proceed to the project. The March deadline will be for those students who are required to do one or more re(sit) exams in September, either for core modules, or for optional modules where a mark of less than 40 was achieved at the first attempt. The March deadline is also for those who may have asked for an extension due to mitigating circumstances.

Students who are required to re(sit) one exam and are able to hand in their project for the August deadline will be permitted to do so, on the understanding that this is done at their own risk; the project will not be considered if they have not met the criteria for the taught component of the MSc (see the section on Exam SchemesLink opens in a new window). In the case of students being required to take two re(sit) exams, our advice is that you defer your project until March of the following year. Please note that we cannot give you a short deadline extension in August/September because you have got resit exams. If you have failed or missed three or more exams, we require you to defer the writing of your project until after the September exams, without any exceptions.

If you cannot make your August or March deadline due to medical, or other mitigating circumstances, you must fill in an extension request form, available on Tabula. If an application is approved, the student will be permitted to submit their dissertation by the agreed extension date or the next biannual deadline (either March or August). You need to supply suitable medical or other evidence within one week of submitting the extension request. The evidence you provide should cover a substantial part of the project period detailing why you were unable to work on the dissertation. Please note that extensions will not be granted for low-level and short-term illnesses, changing where you live, or being in full- or part-time employment.

References

References should be in the style of your target journal. Minimally they should contain the author, date of publication, title of book or article, journal of publication and volume or book publishing company. Almost all journals are very specific about referencing. If there is no guidance (very unlikely) follow the APA conventions.

You may wish to refer to the Warwick reference guide .

Assessment

Assessment is based upon the project report. In assessing reports, some of the points markers will have in mind are:

• How well has the student been able to formulate the research question or hypothesis and establish why it is an important question to ask? How precise is the hypothesis?
• How well does the student know relevant theoretical and empirical literature and can they frame the research question in the light of such literature?
• How clearly has the student described the design and procedure of the investigation and specified the subject sample(s) investigated? (Could the reader replicate the investigation on the basis of the information given?)
• How clearly and how thoroughly has the student been able to describe and analyse the data obtained? How well does the student understand the logic of descriptive and inferential statistics? Can the student explore findings intelligently and not simply number-crunch?
• How well does the student interpret the findings in relation to the original rationale for the investigation? How aware is the student of limitations in the design of the investigation (also important for meta-analysis and analysis of existing data sets) or in the way the research question was formulated? How well can the student point to what might next be done in the light of what has been learned from the investigation?
• What is the overall quality of writing, presentation, organisation and attention to detail?

At least two examiners will assess your project, employing the criteria described elsewhere in this handbook. No feedback on the result of your project is possible until after the Exam Board meets in November 2025, when your mark and comments will be provided through Tabula. Second markers are not required to write comments, though they can do so if they wish. If the second marker does write comments these can be included separately, or they can be combined into a joint report.