About this taught graduate course
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.
General entry requirements
First Class Honours degree (or equivalent) in a related subject or Distinction at Master's level.
English language requirements
You can find out more about our English language requirements. This course requires the following:
- 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.
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.
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.
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.
Optional modules can vary from year to year. Example optional modules may include:
- International Economics
- Development Economics
- Advanced Economic Theory
- Economic History
- Political Economic Theory
- Labour Economics
- Advanced Econometrics
- Industrial Organisation
- Data Science
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.
Typical contact hours
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.
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
Most of our Economics PhD job market candidates are successful in finding academic placements at prestigious universities across the world.
The 2020 cohort of students secured academic positions as Lecturers, Assistant Professors or Post-doctoral Fellows at the following Higher Education Institutions: Bocconi University in Milan, the European University Institute in Florence, University College Dublin, University of Bristol, Ashoka University in India, Stockholm University, Tilburg University and the University of Tübingen.
Some of our PhD graduates choose jobs in non-academic fields which require advanced research skills, for example, central banks, regulators, think tanks or international organisations, including:
- The Institute for Government
- Government Economic Service
- The United Nations
- The Organisation for Economic Co-operation and Development
- World Trade Organisation
- International Monetary Fund
- The World Bank Group
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.