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MSc Economics

MSc Economics

Our MSc Economics programme offers an unbeatable combination of strong core studies, specialist options and the opportunity to conduct academic research with the guidance of world-leading experts.

Entry Requirements

2:1 honours degree (or equivalent)

Qualification

Postgraduate Taught (MSc)

Duration

1 year
(Full-time)

Start Date

Monday 19 September 2022

Apply for 2022

Applications open 1 December 2021

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Course Overview

Key Information
  • Course Code: P-L1P6
  • Qualification: Master of Science (MSc)
  • Duration: 1 year full time
  • Start Date: Monday 19 September 2022
Course Overview

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.

Skills from this degree
  • Rigorous advanced training in economic analysis and techniques, which includes opportunities to contribute to current economic research and debates
  • Analytical approach to thinking about national and international economic problems, policies and decision-making
  • 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
The Student Perspective

Hear Catherine's story of studying MSc Economics at the University of Warwick:

Course Structure and Modules

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.

  • Microeconomics A
  • Macroeconomics A

or

  • Microeconomics B
  • Macroeconomics B

These modules will develop your understanding of advanced economic analysis, with more applied versions (A) or more technical/theoretically orientated versions (B). As a guide, we expect students opting for the B versions of Microeconomics and Macroeconomics 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.

  • Quantitative Methods: Econometrics A

or

  • Quantitative Methods: Econometrics B

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 optional modules
  • A dissertation
Core Modules
  • Microeconomics A and Macroeconomics A OR Microeconomics B and Macroeconomics B
  • Quantitative Methods: Econometrics A OR Quantitative Methods: Econometrics B
  • Dissertation

Read more about the core and optional modules on our web pages.

Optional Modules

Optional modules may change from year to year. Recently, a selection of the following options have been offered:

  • Behavioural Economics
  • Labour Economics
  • Development Economics
  • Topics in Applied Macroeconomics
  • Topics in Global Finance

Teaching, Learning and Assessments

Teaching

You will have a combination of lectures, and small group support and feedback classes. You will also learn 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 independent 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.

Class sizes

Core modules range from 50-175 students; optional modules vary (15-75) and classes typically average around 15-20 students.

Typical contact hours

An average of 8-10 hours of lectures and 3 hours of classes per week.

Assessments

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.

Pre-sessional Mathematics and Statistics

You are required to attend Introductory to Mathematics and Statistics, which will be taught in the two weeks before the University’s main term begins.

The course is designed to ensure that your maths and statistical knowledge and skills are at the standard required for you to succeed on the rest of the MSc course and it consists of both lectures and small group learning.

Reading Lists

Most departments have reading lists available through Warwick Library. If you would like to view reading lists for the current cohort of students you can visit our Warwick Library web page.

Your timetable

Your personalised timetable will be complete when you are registered for all modules, compulsory and optional, and you have been allocated to your lectures, seminars and other small group classes. Your compulsory modules will be registered for you and you will be able to choose your optional modules when you join us.

Entry Requirments

Minimum Requirements

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.

English Language Requirements

You can find out more about our English language requirements. This course requires the following:

  • Band A
  • IELTS overall score of 6.5, minimum component scores not below 6.0.
International Qualifications

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.

Fees, Funding and Scholarships

Tuition Fees

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.

Scholarships
  • 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.

Careers and Employability

Graduates from our Master’s courses have gone on to work for employers including:

  • Bank of America
  • Bank of China
  • China Merchants Bank
  • Citibank
  • Deloitte
  • EY
  • European Central Bank
  • Frontier Economics
  • HM Treasury
  • HSBC
  • IMF
  • KPMG
  • World Trade Organisation

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

Our Department has a dedicated professionally qualified Senior Careers Consultant offering impartial advice and guidance together with workshops and events throughout the year. Previous examples of workshops and events include:

  • Careers in Economics Webinar Series
  • 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
photo of ritojeet
"The Department has held career fairs which has helped us interact with various companies and it has helped me understand the various careers one can go onto after this degree."

Ritojeet - MSc Economics

Hear from Students