Please note: Applications for 2021 entry are now closed. Applications for 2022 entry will open on 1 December 2021.
- Course Code: P-L1P6
- Qualification: Master of Science (MSc)
- Duration: 1 years full time
- Start Date: 20 September 2021
Our MSc will appeal to you if you have a strong background in the subject and wish to gain advanced and rigorous training in modern economics, as preparation for a career as a professional economist or analyst. You will receive advanced teaching in the core areas of macroeconomic and microeconomic theory, econometrics and research methods, and you’ll also be able to choose from a wide portfolio of optional modules. An 8,000-word dissertation provides an opportunity to explore your own interests across these fields of study.
You will be automatically enrolled on a pre-sessional Mathematics and Statistics programme to equip you with the relevant methodological skills you need to succeed. By the end of the course you will be able to read and understand research papers and articles in academic journals, build theoretical models, and initiate empirical research and evaluate its findings.
The Student Perspective
Hear Catherine's story of studying MSc Economics at the University of Warwick:
The following basic structure applies to the MSc Economics:
- An online Pre-sessional Mathematics and Statistics course for the first two weeks. You will need a computer with good internet access to allow for this period of study for the online tests.
One optional core module in Economic Analysis (AA, AB, BA or BB) in Term 1. Each of the modules will develop
your understanding of advanced microeconomic and macroeconomic analysis, with more applied/policy orientated versions (A) and more technical/theoretically orientated versions (B).
Quantitative Methods: Econometrics A or Quantitative Methods: Econometrics B (both include Introductory Maths and Statistics). Econometrics A covers fundamental econometrics research skills and Econometrics B will supplement the development of these key and fundamental professional skills by looking at more advanced topics.
Three option modules
Students need to have previously completed undergraduate courses in microeconomics, macroeconomics and econometrics/economic statistics at an intermediate level. The MSc Economics is a quantitative degree and students will need to be competent in several areas of mathematics. All student attend a short pre-sessional mathematics and statistics course before the term starts. As a guide, we expect students opting for B versions of Macroeconomics or Microeconomics to have obtained the equivalent of a First class mark (70%) in their undergraduate studies, though we will consider a request to take a B variant even if that prerequisite is not met.
Core/Optional Core Modules
- Economic Analysis (AA) or Economic Analysis (BB) or Economic Analysis (BA) or Economic Analysis (AB)
- Quantitative Methods: Econometrics A or Quantitative Methods: Econometrics B
Optional modules may change from year to year. Recently, a selection of the following options have been offered:
- Behavioural Economics
- Labour Economics
- Public Policy in Developing Countries
- Topics in Applied Macroeconomics
- Topics in Global Finance
How will I learn?
Teaching is mainly carried out through lectures and seminars, with an average of 8-10 hours of lectures and 3-5 hours of seminars per week. You can expect to spend an average of 22 hours per week learning through independent study, which will include reading journals and books, completing problem sets and assessments, revising for exams and undertaking research. In the summer term and summer vacation your independence study time will increase as you complete your research dissertation.
Your dissertation work will normally be individually supervised on a one-to-one basis and we have an effective personal tutor system providing individual support. We encourage one-to-one interaction with our world-leading academics and offer great flexibility in the optional modules that allow you to specialise or diversify your studies.
An average of 8 -10 hours of lectures and 3-5 hours of seminars per week.
Core modules range from 100-250 students; optional modules vary (15-75) and seminars typically average around 15-20 students.
For MSc students, assessment is through formal examinations, coursework and an individually supervised research dissertation.
Feedback is a vital part of the assessment process, as it helps you to reach your full potential by identifying the strengths and weaknesses of your work and the actions needed to develop your understanding and enhance your performance.
Feedback is provided in a variety of ways, including: grades and comments on marked work, solutions to problem sets, verbal feedback from tutors and peers in classes, Advice and Feedback hours with academic staff and personal tutor meetings.
Skills from this degree
- Research skills; use of library and internet as information sources; locating, extracting, analysing, and presenting material
- Numeracy and quantitative skills; use of mathematics and diagrams, understanding data, statistical analysis
- IT skills; word processing and spreadsheets; specialist econometric or statistical software; internet applications
- Written and oral communication skills, including presentation skills
- Problem solving
- Working with others
|MSc Economics||2:i undergraduate degree (or equivalent) specialising mainly in economics. This means you should have achieved a good standard in undergraduate courses in microeconomics, macroeconomics and econometrics/ economics statistics at an intermediate level. We also expect a good standard achieved in mathematics taken at undergraduate level.|
We welcome applications from students with other internationally recognised qualifications. For more information please visit the international entry requirements page.
We welcome MSc course applications from candidates who have attended a Tier 1 or Tier 2 University in China. Owing to the volume of applications received, we will not consider applications from candidates in other Tiers unless they have completed a joint degree programme with another University.
The list of Universities can be found here.
English Language Requirements
All students will also need to meet our English language requirements (Band A)
IELTS overall score of 6.5, minimum component scores not below 6.0
For up-to-date information concerning fees, funding and scholarships for Home, EU and Overseas students please visit Warwick's Fees and Funding webpage.
Additional Course Fees
Economics students will need to buy a calculator, at a cost of approximately £10. Social events and trips organised by the department are free of charge.
- 10% Alumni Discount Scheme - If you are a Graduate of the University of Warwick and are of home or overseas fee status, you will be able to access a 10% tuition fee discount on this course.
- Warwick Taught Masters Scholarship Scheme - The University of Warwick offers a number of Warwick Taught Masters Scholarships, which are available to eligible Home/EU students from under-represented groups who wish to start a postgraduate taught masters course. The award details, eligibility criteria, and the application process can be viewed on the Warwick Taught Masters Scholarship scheme webpage.
- Aziz Foundation - If you are a British Muslim student pursuing study on this course you can apply for a 20-50% free reduction by direct application to the Aziz Foundation by 26 July at 9am.
- Further Scholarship Options - The University also offers a wider range of scholarships available.
- Postgraduate Funding - Useful information on fees, the cost of studying in the UK and funding can be found on the postgraduate study pages.
- Postgraduate Loans- A Postgraduate Loan can help with course fees and living costs while you study a postgraduate masters course.
Completing an Economics MSc is a great way to enhance your career prospects, and the high quality reputation of our courses makes our graduates highly sought after by employers. Warwick is the 3rd most targeted university by graduate recruiters (The Times Top 100 Graduate Recruiters, 2020). Internationally, Warwick also is ranked 40th in the world for reputation with employers (QS World University Rankings, 2021).
of Warwick Economics Postgraduate Taught students in work were in high skilled roles.
is the median earning for Warwick Economics Postgraduate Taught students working in the UK.
of Warwick Economics Postgraduate Taught students were in paid work for an employer.
of Warwick Economics Postgraduate Taught students were undertaking further study.
*Based on ‘Most Important Activity’ from the Graduate Outcomes survey of 2017/18 graduates, at approximately 15 months after completion. Contains HESA data: Copyright Higher Education Statistics Agency Limited 2020. HESA cannot accept responsibility for any inferences or conclusions derived by third parties from its data.
Graduates from the MSc Economics course have gone on to work for employers including: Accenture; Deloitte; European Central Bank; Frontier Economics; JP Morgan; Moody's Investors Service; National Audit Office; National Institute of Economics; Oxford Economics and UNESCO. They have pursued roles such as: economists; analysts; consultants; researchers; business and financial project management professionals; chartered and certified accountants; actuaries; statisticians; quality assurance and regulatory professionals.
Helping you find the right career
Our Department has a dedicated professionally qualified Senior Careers Consultant who can support you. They offer impartial advice and guidance together with tailored workshops and events throughout the year. Previous examples of workshops and events include:
- Careers in Economics Event
- Investment Banking Uncovered
- Warwick careers fairs throughout the year
- Mock Assessment Centre workshops
- Manage your digital identity and use LinkedIn effectively