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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

Year of entry: 2018

Overview

Degree awarded
MSc
Duration
MSc: full-time 12 months, part-time 24 months
Entry requirements

A UK 2:1 honours degree (or overseas equivalent) in economics, finance, mathematics or a related subject with economic theory,  mathematics and econometrics studied at a high level.

Applicants with a  2:1 in a less technical economics degree with, for example, economic theory only studied to intermediate level, or a 2:2 in a technical economics degree, may be considered for entry onto the MA Economics.

MATHS & STATS PREPARATION

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. 

Full entry requirements

How to apply
Apply online

Course options

Full-time Part-time Full-time distance learning Part-time distance learning
MSc Y Y N N

Course overview

  • 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?

Manchester is a leading centre for economics and research-led teaching. Graduate students from across the globe come to study economics at Manchester, attracted by its first-class postgraduate training and supervision in the core and specialist areas of economics.

Many famous names from the world of economics have worked here at Manchester, including three Nobel Prize winners.

Open days

For details of the University's next postgraduate open day, visit open days and visits

Fees

For entry in the academic year beginning September 2018, the tuition fees are as follows:

  • MSc (full-time)
    UK/EU students (per annum): £10,000
    International students (per annum): £18,500
  • MSc (part-time)
    UK/EU students (per annum): £5,000
    International students (per annum): £9,250

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of courses lasting more than a year for UK/EU students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit: postgraduate fees . Always contact the department if you are unsure which fee applies to your qualification award and method of attendance.

Self-funded international applicants for this course will be required to pay a deposit of £1000 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. This deposit will only be refunded if immigration permission is refused. We will notify you about how and when to make this payment.

Scholarships/sponsorships

Please see the School Funding page .

If you are already a graduate of The University of Manchester, please visit,

Faculty of Humanities/School of Social Sciences - Loyalty Bursary

Contact details

Academic department
School of Social Sciences
Contact name
Janet Smith
Telephone
+44 (0)161 275 4471
Facsimile
+44 (0)161 275 1750
Email
Website
http://www.manchester.ac.uk/economics
Academic department overview

Entry requirements

Academic entry qualification overview

A UK 2:1 honours degree (or overseas equivalent) in economics, finance, mathematics or a related subject with economic theory,  mathematics and econometrics studied at a high level.

Applicants with a  2:1 in a less technical economics degree with, for example, economic theory only studied to intermediate level, or a 2:2 in a technical economics degree, may be considered for entry onto the MA Economics.

MATHS & STATS PREPARATION

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. 

Other international entry requirements

We accept a range of qualifications from different countries. For these and general requirements including English language see entry requirements from your country .

Application and selection

How to apply

Advice to applicants

Points Based System (PBS) International applicants who will require a visa to study in the UK can obtain up-to-date information on the latest student visa advice and guidelines.

How your application is considered

Applications are initially assessed by the Admissions Team and referred to the Admissions Tutor when required.

Re-applications

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.

Course details

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