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Explore our Economics taught Master's degree.

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P-L1P6

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MSc

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1 year full-time

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18 September 2023

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University of Warwick

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Our Economics MSc offers an unbeatable combination of strong core studies, specialist options and the opportunity to conduct academic research with the guidance of world-leading experts. Warwick's Department of Economics, ranked 4th in the UK (The Complete University Guide 2023) and 25th the World (The QS World University Subject Rankings 2022), provides professional training in modern economics.

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Important notice

We are no longer accepting applications for this course for 2023

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 will 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

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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.

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

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

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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

The MSc Economics is a quantitative degree and students will need to be competent in several areas of mathematics. You are required to attend a pre-sessional course, Introductory 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. Further information can be found on our Introductory Maths and Statistics web pageLink opens in a new window.

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 pageLink opens in a new window.

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.

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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.

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

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There are no additional entry requirements for this course.

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The following basic structure applies to MSc Economics:

A pre-sessional Mathematics and Statistics course.

Microeconomics A or Microeconomics B

Macroeconomics A or Macroeconomics B

The Microeconomics and Macroeconomics 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.

Dissertation

You will have the opportunity to pose an interesting research question in economics, to find the correct methods for analysing the question, including development of theoretical models and/or analysis of data where appropriate, and to write up your results independently.

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