About this taught graduate course
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.
General entry requirements
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).
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.
We welcome applications from students with other internationally recognised qualifications.
For more information, please visit the international entry requirements page.
There are no additional entry requirements for this course.
We are making some exciting changes to our Economics Diploma plus MSc for 2022 entry. The core and optional modules for this degree are currently undergoing approval through the University’s rigorous academic processes. As changes are confirmed, we will update the course information on this webpage. It is therefore very important that you check this webpage for the latest information before you apply and prior to accepting an offer.
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.
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.”
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.
Economic Analysis (AA, AB, BA or BB)
The module aims to provide a firm understanding of the principles of microeconomic and macroeconomic analysis, and some important applications including to economic policy.
Quantitative Methods (A or B)
Optional modules can vary from year to year. Example optional modules may include:
- Development Economics (Macroeconomics)
- Economics of Money and Banking
- Game Theory
- Labour Economics
- Topics in Applied Macroeconomics
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.
Typical contact hours
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
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 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.
Your career in Economics
Graduates from our Master’s courses have gone on to work for employers including:
- Bank of America
- Bank of China
- China Merchants Bank
- European Central Bank
- Frontier Economics
- HM Treasury
- World Trade Organisation
They have pursued roles such as:
- Business and financial project management professionals
- Chartered and certified accountants
- 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
Economics at Warwick
We're an inclusive, diverse community committed to the highest quality research which informs our teaching on our undergraduate and postgraduate programmes. Many of our experts are leaders in their field.
We hold regular live chats for prospective students and offer holders. Please see the live chat schedule for Economics.
Our Postgraduate courses
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.
Fee Status Guidance
The University carries out an initial fee status assessment based on information provided in the application and according to the guidance published by UKCISA. Students are classified as either Home or Overseas Fee status and this can determine the tuition fee and eligibility of certain scholarships and financial support.
If you receive an offer, your fee status will be stated with the tuition fee information, however we are awaiting guidance from the UK government regarding fee status for EU, other EEA and Swiss nationals and their family members living in the UK for academic year 2021/22 onwards. We are not able to confirm the fee status for these students until the relevant eligibility criteria have been confirmed. Once we have received further information from the UK government, we will provide you with an update on your fee status and let you know if any additional information is required. If you believe your fee status has been incorrectly classified you can complete a fee status assessment questionnaire (follow the instructions in your offer) and provide the required documentation for this to be reassessed.
The UK Council for International Student Affairs (UKCISA) provides guidance to UK universities on fees status criteria, you can find the latest guidance on the impact of Brexit on fees and student support on the UKCISA website.
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. Information about department specific costs should be considered in conjunction with the more general costs below, such as:
- Core text books
- Printer credits
- Dissertation binding
- Robe hire for your degree ceremony
Scholarships and bursaries
Find out how to apply to us, ask your questions, and find out more.
Here is our checklist on how to apply for taught postgraduate courses at Warwick.
Here is our checklist on how to apply for research postgraduate degrees at the University of Warwick.