Explore our Economics taught Diploma Master's degree.

P-L1PA

Diploma plus MSc

2 years full-time

3 October 2022

Economics

University of Warwick

Economics Diploma plus MSc is available for those converting from a first degree subject other than Economics. Train in the core components of modern economic analysis and appropriate quantitative methods within Warwick's Economics Department, ranked 3rd in the UK (The Complete University Guide 2022) and 25th the World (The QS World University Subject Rankings 2021).

This course will be open for applications from 1^st December 2021.

Our Diploma is aimed at students without a background in economics, and will provide training in the core components of modern economic analysis and appropriate quantitative methods. You will acquire the ability to analyse economic problems, both empirically and theoretically, developing knowledge of economic trends, institutions and policy.

The Diploma plus MSc programme is available for those who plan to convert from a first degree subject other than Economics to a Master’s in Economics. Following a successful completion of the Diploma to a required standard you will then be eligible to progress onto our MSc programmes in Year Two.

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

Throughout the course, you will have many opportunities to apply the principles of economics to practical study. This means what you are learning is highly relevant to real-world issues. We encourage one-to-one interaction with our academics and offer great flexibility in the optional modules that allow you to specialise or diversify your studies.

Diploma (Year One)

Lecture size will vary, especially for the optional modules, but also for core lectures. Some of the larger modules may have 200-450 students and weekly classes typically average around 15-20 students.

MSc (Year Two)

Core modules range from 50-175 students and classes have typically around 15 students.

An average of 8-10 hours of lectures and 3-5 hours of classes per week.

For Diploma students, assessment is through formal examinations and coursework.

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 Support and Feedback Classes
• Advice and Feedback hours with academic staff
• Personal tutor meetings

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.

2:i undergraduate degree (or equivalent). You must have a strong background in Mathematics and Statistics. This means you should have achieved a good standard in quantitative modules as part of your undergraduate degree, or have at least an A grade at A level Mathematics (or equivalent).

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

There are no additional entry requirements for this course.

Core Modules (Year 1)

Macroeconomics 2

This module provides students with the opportunity to understand the core theoretical models used in macroeconomics, for both closed and open economies, and how to use them to enhance their comprehension of real-world macroeconomic experiences, especially involving macroeconomic policy.

Microeconomics 2

This module builds on students’ understanding of basic principles of economics from EC109 by providing an intermediate level exposition to microeconomic principles.

You will be exposed to a range of applications and theories. You will gain an understanding of how markets work in general equilibrium, choice under uncertainty as well as an introduction to strategic behaviour (game theory) for both cooperative and non-cooperative games. You will gain skills and techniques to analyse problems from a mathematical, graphical and intuitive perspective applying your knowledge to real world scenarios.”

Econometrics 1

The Econometrics I section of the course aims to familiarise students with modern econometric techniques relating to the analysis of financial and macro time series.

Core Modules (Year 2)

Microeconomics A and Macroeconomics A

or

Microeconomics B and 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.

A dissertation

• Development Economics (Macroeconomics)
• Economics of Money and Banking
• Game Theory
• Labour Economics
• Topics in Applied Macroeconomics

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