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Economics (Diploma plus MSc) (2021 Entry)

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    • Course Code
    • P-L1PA
    • Course Type
    • Postgraduate Taught
    • Qualification
    • Diploma plus MSc
    • Duration
    • Full-time: 2 years
    • Location of Study
    • 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 4th in the UK (The Complete University Guide 2021) and 25th the World (The QS World University Subject Rankings 2020).

    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.

    Core modules

    • Macroeconomics 2
    • Microeconomics 2
    • Econometrics 1
    • Economic Analysis (AA, AB, BA or BB)
    • Quantitative Methods (A or B)
    • Dissertation

    Optional modules

    Previously, a selection of the following options have been offered:

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


    Teaching is mainly carried out through lectures and seminars, with an average of 8-10 hours of lectures and 3-5 hours of seminars per week, plus several short tests, exercises and essays per term.

    You will be expected to undertake your own independent study for an average of 17 hours per term-time week.

    There are a range of facilities available both on and off campus to help you further your own research and learning and become an independent, active learner.

    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.

    Contact Hours

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

    Class Sizes

    Diploma (Year 1)
    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 seminars typically average around 15-20 students.

    MSc (Year 2)
    Core modules range from 150 - 250 students and seminars have typically around 15 students.


    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, and personal tutor meetings.

    Minimum requirements 2:i undergraduate degree (or equivalent) and a good standard in A Level Mathematics or equivalent (including algebra and calculus)

    English language requirements Band A
    IELTS overall score of 6.5, minimum component scores not below 6.0

    International Students
    We welcome applications from students with other internationally recognised qualifications. For more information please visit the international entry requirements page.

    For up-to-date information concerning fees, funding and scholarships for Home, EU and Overseas students please visit Warwick's Fees and Funding webpage.

    Additional Course Costs

    This course has no additional costs. Social events and trips organised by the department are free of charge.

    Graduates from these courses have gone on to work for employers including: Accenture; Deloitte; European Central Bank; European Commission; HSBC; KPMG; Nielsen and UNESCO. They have pursued roles such as: economists; analysts; consultants; researchers; business and financial project management professionals; chartered and certified accountants; actuaries; statisticians; 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 Event
    • Investment Banking Uncovered
    • Warwick careers fairs throughout the year
    • Mock Assessment Centre workshops
    • Manage Your Digital Identity and Use LinkedIn Effectively

    Personalised Visits

    In term time, we may be able to accommodate a visit to the Department to meet a member of staff or a current student. To arrange such a visit please book via the Personalised Visits webpage.

    Live Chats

    We hold regular live chats for prospective students and offer holders. Please see the live chat schedule for Economics.

    There are a number of different ways to visit the University of Warwick throughout the year. We host bespoke PG visits, where you can talk directly with your chosen department and explore our campus through a personalised tour. Some departments also host their own events and open days, where you can learn more about your department or course of study. To find out more about all of these opportunities, visit our Postgraduate Visits page.