Explore our Economics taught integrated Master's degree.

P-L1PL

MRes leading to PhD

2 + 4 years full-time

3 October 2022

Economics

University of Warwick

The MRes/PhD course is an integrated Master's in Economics, from which students progress to PhD in Economics. 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), will provide you with exceptionally high-quality training, skills and techniques in advanced economics.

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

Our comprehensive 2+4 MRes/PhD research programme offers a unique training opportunity in advanced economics. We aim to provide you with professional training in modern economics techniques, as well as knowledge of their field. This includes tools and techniques of analysis at the forefront of the discipline, and opportunities to apply this in extended research.

We offer a two-week Mathematics and Statistics pre-sessional programme, which starts two weeks before the official start of term. The pre-sessional course will provide a thorough grounding in the mathematical techniques required throughout the programme and attendance is highly recommended, although not compulsory.

Skills from this degree

You will focus on developing a range of important skills, including:

• Advanced knowledge and understanding of comparative and interdisciplinary approaches.
• Ability to identify and process data to produce original results.
• Knowledge of contemporary theoretical and empirical debates and research outcomes in your chosen specialised areas of economics.
• Sound ability to formulate hypotheses and viable explanations based on received ideas and in combination with other comparable data.
• Ability to critically evaluate existing models with a view to formulating revised or new models.
• Understanding the role of the researcher in policy making and policy analysis.

You will be taught by leading academics in the major fields of Economics using a combination of lectures and seminars.

You will also be heavily involved in developing your own research under the supervision of one of our leading academics in the form of your MRes dissertation.

Seminar groups in year two vary between 3 and 15 students maximum.

In year one you will have 9 hours of lectures per week and 4-5 hours of seminars. In year two, teaching is mainly on a seminar basis (6 hours per week).

Assessment is a mixture of class tests, exams, presentations and referee reports.

Pre-Sessional Advanced Mathematics

You are recommended to attend the pre-sessional course in Advanced Mathematics which will be taught in the two weeks before the University’s main term begins.

The course is designed to ensure that your maths knowledge and skills are at the standard required for you to succeed on the MRes/PhD course. Further information can be found at the following Economics web page.

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.

First Class Honours degree (or equivalent) in a related subject or Distinction at Master's level.

• Band B
• IELTS overall score of 7.0, minimum component scores of two at 6.0/6.5 and the rest at 7.0 or above.

There are no additional entry requirements for this course.

Year One

Advanced Microeconomic Theory

The module aims to develop your skills and knowledge of, microeconomics necessary for a career as an academic economist and in all areas where advanced research skills in economics are required. Specifically, it aims to teach you the ability to understand, appreciate, and ultimately contribute to, frontier research. You will develop a thorough understanding of the main techniques of modern microeconomic theory; a detailed knowledge of recent research in key areas of microeconomic theory and be able to apply these to develop microeconomic models in your own research.

Advanced Macroeconomic Analysis

In this module you will focus on the second most important area of your study: the development of the skills and knowledge of advanced macroeconomics which are fundamental for a career as an academic economist. You will develop a thorough understanding of modern macroeconomic theory; and the ability to read and understand ground-breaking research in macroeconomics published in top journals. For those intending to pursue a career in macroeconomics, the course provides the basic tools required to pursue their own research agenda

Advanced Econometric Theory

In this module you will focus on another important area of advanced research skills: advanced econometrics. You will develop an advanced understanding of the main aspects of modern econometric theory and techniques used in research at the forefront of the field.

The Practice of Economics Research

The principal aim of this module is to serve as a bridge between theoretical material taught in other year-one core modules and the practical application of theory and methods to concrete research questions, informed by other considerations (such as institutional structures). The focus is on development of the skills needed to conduct research, including identifying and formulating research questions informed by current debates both in academia and outside it (for example in public policy). You will learn to identify appropriate sources and methods, deal with the practical aspects of deploying those methods, and communicate/disseminate research results effectively.

By comparison with the other core modules taken by students in the first year of the MRes programme, this module is distinctive in its emphasis on learning by example and on learning by doing.

Year Two

MRes Dissertation

This module aims to provide you with the opportunity to demonstrate your ability to autonomously investigate and carry out novel research in your chosen area of economics, at PhD level.

• Macroeconomics
• International Economics
• Development Economics
• Advanced Economic Theory
• Economic History
• Political Economic Theory
• Labour Economics
• Advanced Econometrics
• Industrial Organisation
• Data Science

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