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Economics (MRes leading to PhD) (2021 Entry)

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  • Course Code
  • P-L1PL
  • Application deadline
  • 15 January 2021
  • Course Type
  • Postgraduate Taught
  • Qualification
  • MRes leading to PhD
  • Duration
  • Full-time: 2 + 4 years
  • Location of Study
  • University of Warwick

This MRes/PhD course is an integrated Master's in Economics, from which students progress to PhD in Economics. 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), will provide you with exceptionally high quality training, skills and techniques in advanced economics.

Our comprehensive 2+4 MRes/PhD research programme provides exceptionally high quality training in advanced economics. We aim to provide students 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. It is highly recommended that you participate in this programme (although not compulsory) as the pre-sessional course will provide you with a thorough grounding in the mathematical techniques required throughout the programme.

Core Modules (Year 1)

  • Advanced Microeconomic Theory
  • Advanced Macroeconomic Analysis
  • Advanced Econometric Theory
  • The Practice of Economics Research

Optional Modules (Year 2)

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

  • Macroeconomics
  • International Economics
  • Development Economics
  • Economic Theory
  • Economic History
  • Political Economy
  • Labour Economics
  • Econometrics
  • Industrial Organisation
  • Data Science

MRes Dissertation (Year 2)


You will be taught by leading academics in the major fields of Economics. Teaching consists of lectures and seminars. 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) with seminar groups of between 3 and 15 students maximum. 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.


Assessment is a mixture of class tests, exams, presentations and referee reports.

Skills from this degree

  • 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

Minimum requirements First Class Honours degree (or equivalent) in a related subject or Distinction at Master's level

English language requirements 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

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

Economics students will need to buy a calculator at a cost of approximately £10. Social events and trips organised by the department are free of charge.


The majority of students offered a place on the MRes/PhD programme will be offered financial support consisting of a fee waiver and a maintenance award.

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.

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.