Economics (Diploma plus MSc)

General entry requirements

Minimum requirements

2:1 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).

English language requirements

You can find out more about our English language requirementsLink opens in a new window. 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 pageLink opens in a new window.

Academic References

We typically ask for one academic reference for taught courses.

You will be asked to include an email address for your referee(s) when submitting your application and we will contact them for you.

View our guide to academic references.Link opens in a new window

Additional requirements

There are no additional entry requirements for this course.

Core modules

Core modules (Diploma)

Optional modules

Optional modules can vary from year to year. Example optional modules for the Diploma year may include:

On successful completion of the Diploma, you will proceed to your chosen Master’s course:

• MSc Economics
• MSc Behavioural Economic Science (Economics Track)
• Economics and Data Science (on condition of achieving 70% in Econometrics module)
• Economics and International Financial Economics

Teaching

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.

Reading lists

If you would like to view reading lists for current or previous cohorts of students, most departments have reading lists available through Warwick Library on the Talis Aspire platformLink opens in a new window. 

You can search for reading lists by module title, code or convenor. Please see the modules tab of this page or the module catalogue. 

Please note that some reading lists may have restricted access or be unavailable at certain times of year due to not yet being published. If you cannot access the reading list for a particular module, please check again later or contact the module’s host department.

Class sizes

Diploma (Year One)

Your lecture size will naturally vary, especially for the optional modules, but also for core lectures.

Some of the larger modules may have 200-600 students in them. You will then typically have weekly or fortnightly support and feedback classes with around 15-20 students.

MSc (Year Two)

Core modules range from 50-200 students and classes have typically around 15-20 students.

Typical contact hours

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

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.

Assessment

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

Your career in Economics

Our degrees equip you with the skills and experiences needed to excel in your career. With access to exceptional career services, industry connections, our alumni mentoring scheme and global opportunities, we’ll inspire and help you to aim high and achieve your goals. Our guidance ensures you graduate as a well-rounded professional ready for lifelong success. 

The most recent MSc graduates from the Department of Economics (2023/24 cohort of students) have gone on to work for employers such as: 

• Bank of England 

• Grant Thornton UK LLP 

• Indian Statistical Institute 

• CRISIL Limited 

• ITC Limited 

• London Economics 

• Frontier Economics 

• NHS England 

They have pursued occupations such as the following: 

• Consultants, business and workforce analysts 

• Research Assistants and Analysts 

• Actuaries, economists and statisticians  

• Corporate finance roles 

• Economic and data analysts 

• Information technology professionals 

• Management consultants and business analysts 

Derived from the annual data collection by the Department of Economics with the latest conducted in September 2024.  

Each year, several graduates of MSc programmes from the Department of Economics pursue a PhD. The most recent destinations for studying a PhD for our students have been: the LSE, Warwick and various universities in China and India. 

Helping you find the right career 

Your career path is unique to you. Our university careers team offer personalised support to help you develop your skills, plan your career path, and get experience at any point during your time at Warwick, and after graduation. 

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

• Alumni Career Journeys, In-person and hybrid sessions with speakers from our Economics Alumni community

• Careers in Economics, Finance and Consultancies Fair with key employers held annually in October 

• Investment Banking Uncovered 

• Warwick careers fairs throughout the year 

• Mock Assessment Centre workshops 

• Manage Your Digital Identity and Use LinkedIn Effectively 

Discover more about postgraduate careers support at Warwick. 

Economics at Warwick

We are committed to rigorous training of the next generation of economists in the tools and techniques of the discipline, producing cutting-edge research that has a wide and deep impact on society and the economy, and creating strong collaborations. Our work has established Warwick Economics as one of the leading centres of economic research internationally.

We rank 2nd in the UK for research excellence, in Times Higher Education Rankings based on results of the most recent Research Excellence Framework, 2021. We are 36th in the QS Subject Rankings for Economics and Econometrics 2025 and 1st in the UK in the Good University Guide 2025. 95% of postgraduate taught students agreed that their course was intellectually stimulating in the Postgraduate Taught Experience Survey (PTES) 2024. 

There are various ways of engaging with us if you are a prospective student. We hold regular live chats, webinars and online events for prospective students and offer holders. Please see the live chat schedule for Economics. We will be attending the QS Master’s Fair in London on 4 October 2025. 

Visit the Economics website to find out more

Our Postgraduate courses

• Economics (MSc)
• Behavioural and Economic Science (Economics) (MSc)
• Economics and Data Science (MSc)
• Economics (Diploma plus MSc)
• Economics and International Financial Economics (MSc)
• MRes/PhD in Economics

Academic Resources Portal

The Department of Economics have put together a portal of academic resources recommended by faculty members for anyone who may be considering studying economics at postgraduate level.

Economics Academic Resources Portal

Tuition fees

Tuition fees are payable for each year of your course at the start of the academic year, or at the start of your course, if later. Academic fees cover the cost of tuition, examinations and registration and some student amenities.

Find your taught course fees  

Fee Status Guidance

We carry out an initial fee status assessment based on the information you provide in your application. Students will be classified as Home or Overseas fee status. Your fee status determines tuition fees, and what financial support and scholarships may be available. If you receive an offer, your fee status will be clearly stated alongside the tuition fee information.

Do you need your fee classification to be reviewed?

If you believe that your fee status has been classified incorrectly, you can complete a fee status assessment questionnaire. Please follow the instructions in your offer information and provide the documents needed to reassess your status.

Find out more about how universities assess fee status

Additional course costs

As well as tuition fees and living expenses, some courses may require you to cover the cost of field trips or costs associated with travel abroad.

For departmental specific costs, please see the Modules tab on the course web page for the list of core and optional core modules with hyperlinks to our Module Catalogue (please visit the Department’s website if the Module Catalogue hyperlinks are not provided).

Associated costs can be found on the Study tab for each module listed in the Module Catalogue (please note most of the module content applies to 2025/26 year of study). Information about module department specific costs should be considered in conjunction with the more general costs below:

• Core text books
• Printer credits
• Dissertation binding
• Robe hire for your degree ceremony

Scholarships and funding

How to apply

Applications to our Economics Diploma plus MSc programmes typically open in October and may close in July.

The department operates five admissions rounds for MSc applicants as follows:

Find out more about our application deadlines including when we will make offers.Link opens in a new window

How to apply for a postgraduate taught course