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School of Social Sciences

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MSc Economics
A specialist degree in modern economics which can lead to a variety of world-class careers.

MSc Economics / Course details

Year of entry: 2018

Course description

  • Would you like to study within a large department containing experts in all areas of economics?
  • Do you want a rigorous, comprehensive and balanced training in modern economics?
  • Are you interested in research-led teaching of forefront theories and findings in economics?

This programme aims to provide balanced and rigorous training at postgraduate level in modern theories and techniques in economics. You will be introduced to key concepts, ideas, tools and techniques via core and optional course units, and have the opportunity to demonstrate and develop your skills by writing a summer dissertation. By the end of the programme, you should be able to read and understand the leading economics journals, develop economic models of your own from which to derive original results and offer a critique of underlying theories.

Aims

This course aims to provide balanced and rigorous training in modern economics theories and techniques at postgraduate level. You will be introduced to key concepts, ideas, tools and techniques via core and optional course units, and have the opportunity to demonstrate and develop your skills by writing a summer dissertation. By the end of the course, you should be able to read and understand the leading economics journals, develop economic models of your own from which to derive original results and offer a critique of underlying theories.

Special features

Quantitative methods preparation for the MSc

1. Please see our Introduction to Quantitative Methods in Economics  page for the minimum knowledge of mathematics and statistics you should have before starting the course.

2. On the same page, please look at details of our Introduction to Quantitative Methods in Economics course. This course builds on your existing knowledge and is designed to equip you with the further technical skills you will require before starting the MSc. You are strongly advised to attend this course which is offered free of charge during induction week. We recommend that you spend some of your time between July and September familiarising yourself with the course material on the website, especially if you may not be able to attend. Your marks on the course contribute 10% to your final marks in the compulsory Maths Methods and Econometrics units in semester 1.

Teaching and learning

IMPORTANT NOTE ON PART-TIME STUDY

Part-time students complete the full-time programme over two years.  There are NO evening or weekend course units available on the part-time programme.  

You must first check the schedule of the compulsory modules and then select your optional modules to suit your requirements.  

Updated timetable information will be available from mid-August and you will have the opportunity to discuss your module choices during induction week with your Course Director

Coursework and assessment

The Master of Economics is awarded by the University on the recommendation of the Board of the School of Social Sciences, Graduate Office.  The degree may be awarded with Pass, Merit or Distinction.

Students who fail a master's degree may be awarded a Postgraduate Diploma if they satisfy the appropriate conventions.  Once a diploma has been awarded in these circumstances, a student cannot re-enrol on a master's degree.

In Economics, there are three standard methods of assessment:  (i) written examination only; (ii) written examination, with a weight of two thirds, plus an essay or project, with a weight of one third; (iii) project.  Examinations are usually 2 hours in length.

Course unit details

There are typically five compulsory course units:

  • Microeconomic Theory
  • Macroeconomic Theory
  • Mathematical Methods in Economic Analysis OR Mathematical Economics
  • Introduction to Econometrics and Further Econometrics OR Time Series Analysis
  • Intermediate Cross Section Econometrics OR Advanced Econometric Theory and Topics in Advanced Econometrics.

In addition, you will be asked to choose three optional course units from a wide range of approved options. Students sponsored by the ESRC are requested to take Research Design for Economists plus two optional units.

Econometrics specialism

This specialism aims to provide balanced and rigorous training at postgraduate level in modern theories in economics and econometrics. Although similar to the MSc in Economics, it differs in the level of econometric course units it provides. The aims of the specialism are:

  • to provide advanced instruction and rigorous training in economic and econometric theories and the relevant methods of empirical research in those areas;
  • to develop your powers of inquiry, critical analysis, and logical thinking and to apply theoretical knowledge to current issues of policy and practice;
  • to encourage initiative, independent learning, and create awareness of the range of methodological approaches to research and problem solving and their implications for research findings;
  • to enable you to apply advanced research skills to a relevant research area in economics and/or econometrics, via course units and a dissertation.

In addition to the five compulsory course units, you are required to take the following:

  • Econometric Theory
  • Applied Macroeconomics
  • Development Microeconomics
  • Public Economics

Environmental Economics specialism

This specialism aims to provide a balanced and rigorous training at postgraduate level in modern theories and techniques in environmental economics. Although similar to the MSc in Economics, it differs in the specialist course units it provides.

  • You will be introduced to key concepts, ideas, tools and techniques via core and optional course units, and have the opportunity to demonstrate and develop your skills by writing a dissertation.
  • By the end of the course, you will be able to critically engage with current theory and practice in environmental economics. You will be able to develop approaches and models of your own, based on the environmental problem at hand, from which to derive original results and offer a critique of existing theories and practice.
  • The specialism provides training for those aiming to be environmental economists in national and international public (Defra, FSA, Environment Agency, OECD, etc) and private institutions including environmental consultancies. It also serves as a sound foundation from which to embark on a PhD programme in environmental economics.

In addition to the five compulsory course units, you are required to take the following:

  • Environmental Valuation
  • Economics of Environmental Policy
  • Development Macroeconomics
  • Public Economics

Health Economics specialism

This specialism aims to provide rigorous training at postgraduate level in modern theories and techniques in economics of health and health care. Although similar to the MSc in Economics, it differs in the specialist course units it provides.

  • You will be introduced to key concepts, tools and techniques via core and optional course units, and have the opportunity to demonstrate and develop your skills by writing a supervised dissertation.
  • Cutting-edge health related issues and policies will be critically examined and, by the end of the course, you will be able to rigorously engage with current theory and practice in health economics. You will be able to develop theoretical or empirical models of you own from which to derive original results and offer a critique of existing theories and practice.
  • The bulk of your teaching and research supervision on the course will come from members of the Department of Economics and the Manchester Centre for Health Economics research group ( Institute of Population Health ).
  • The specialism provides training for those aiming to be health economists in national and international public (NHS, WHO, etc) and private institutions including consultancies. It also serves as a sound foundation from which to embark on a PhD programme in Health Economics.

In addition to the five compulsory course units, you will be required to take the following units:

  • Topics in Economics of Health
  • Economics of Health
  • Development Microeconomics
  • Public Economics

Course unit list

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Mathematical Methods in Economic Analysis ECON60081 15 Mandatory
Microeconomic Theory ECON60101 15 Mandatory
Macroeconomic Theory ECON60111 15 Mandatory
Introduction to Quantitative Methods in Economics ECON60901 0 Mandatory
Econometric Methods ECON61001 15 Mandatory
Dissertation ECON63000 60 Mandatory
Development Microeconomics ECON60022 15 Optional
Cross Section Econometrics ECON60052 15 Optional
Macroeconomic Theory and Policy ECON60122 15 Optional
Public Economics ECON60202 15 Optional
Poverty, Inequality and Government Policy in Less Developed Countries ECON60212 15 Optional
Financial Econometrics ECON60332 15 Optional
Mathematical Finance ECON60402 15 Optional
Non-Market Valuation ECON60422 15 Optional
Topics in Economics of Health ECON60432 15 Optional
Political Economics ECON60492 15 Optional
Econometric Theory ECON60502 15 Optional
Applied Macroeconometrics ECON60522 15 Optional
Applied Development Economics Project (ADEP) ECON60552 15 Optional
Mathematical Economics ECON60562 15 Optional
Economic Growth ECON60662 15 Optional
Natural Resource Economics ECON60682 15 Optional
Financial Economics ECON61262 15 Optional
Displaying 10 of 23 course units

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: dass@manchester.ac.uk