Masters in Economics

MSc Economics and MSc Economic Policy video

Frequently Asked Questions

Q. How do I apply for admission to the MSc Economics or MSc Economic Policy programmes?

A. First, research the programme design, content, emphasis and assessment methods of our programmes by carefully reading the information provided on the web pages devoted to them. You might start navigating from here .
Pay particular attention to the content on the course (i.e. module) pages and the associated Moodle course pages (log in as a guest if necessary).
Also be sure to compare and contrast these elements of our MSc programmes with those offered by other universities to make sure that you are making an informed decision in applying to programmes that are consistent with your academic background, talents, objectives and needs.
Application matters are addressed in the Graduate Prospectus .

Q. What level of Mathematics and Statistics is required to study for the MSc in Economics or the MSc in Economic Policy?

Please check the Mathematics and Statistics self-assessment tool.

Q.  Can I transfer between the two MSc programmes?


A. Yes.  We allow transfers between the programmes in the first few weeks of term.

Q.  Are the admissions criteria for the MSc Economics and MSc Economic Policy different?


A. No.  The same admissions criteria apply to both programmes.


Q. What level of English language proficiency do I need for admission to the MSc Economics or Economic Policy programme?

A. For admission to our MSc programmes, applicants need to demonstrate English language proficiency at UCL’s “Good” level at least. UCL's English language proficiency levels, and the various ways to meet them, are described on the UCL Prospective Graduate Student webpages .

Q. What is UCL’s institution code for reporting my TOEFL scores?

A. The institution code that ETS needs for reporting your TOEFL scores to UCL is on the UCL Prospective Graduate Student webpages.

Q. Are GRE scores required for my application to the MSc Economics or Economic Policy programme?

A. Applicants whose undergraduate degree was studied at a university outside the UK must supply GRE General Test scores. The quantitative GRE score must be 155 or above, the verbal score must be 150 or above, and the analytical score must be 3.5 or above (post-August 2011 scores). No other test will substitute for the GRE General Test requirement. Please upload a copy of your GRE score report with your online application or upload a page that states the date for which you have registered to take the GRE test. Without GRE scores, your MSc Economics/MSc Economic Policy application will be considered incomplete if your first degree was studied at a university outside the UK.

Q. Are GMAT scores required for my application to the MSc Economics or Economic Policy programme?

A. No.

Q. I do not have an academic background in Economics or Mathematics or Statistics, but I want to study Economics at the postgraduate level. What can I do to prepare?

A. Consider a conversion course such as the (Postgraduate) Diploma courses in Economics (or Mathematics or Statistics) offered by Birkbeck College (University of London) or the University of London External System (i.e. distance learning).

Q. May I attempt the MSc Economics or MSc Economic Policy programmes on a part-time basis?

A. Our MSc Economics and MSc Economic Policy programmes are designed as 12-month, full-time programmes, with all taught activities taking place during standard business hours.
Some of our current and former students who have been working at the time of application have successfully arranged a year's sabbatical from their jobs in order to take our programmes.
If that is not a possibility, you might consider Birkbeck's MSc instead:

http://www.ems.bbk.ac.uk/courses/msc_pgdip/msc_econ


or the London Business School’s Masters in Finance (weekend format):

http://www.london.edu/programmes/mastersprogrammes.html

Q. Will I be charged an application fee for admission to the MSc programmes?

A. Yes. The UCL application processing fees are explained on the UCL Prospective Graduate Student webpages .

Q. When is the MSc Economics and Economic Policy application deadline?

A. 01 March each year for entry in the following September. We accept applications with effect from late October for entry in the following September. We recommend that applicants apply early.

Q. Do you accept late applications for admission or operate a waiting list or “clearing” process for admission after the application deadline has passed?

A. No. Our application deadline is 01 March each year for entry the following September.

Q. I am a UCL BSc student. Do I need to provide references with my MSc application if my referees are UCL academic staff members?

A. Yes. The Economics Department is unable to apply for references on behalf of any MSc applicant.

Q. How do I know if my application has been received by UCL?

A. Applicants are able to check the status of their application through the Applicant Portal


Q. How much are the tuition fees, and when are they due?

A: Tuition fees and money matters in general are outlined UCL Current Student webpage .

MSc students must pay at least 50% of their tuition fees upon enrolment (or by 31 October at the very latest), and the remainder by the following 01 February.

Q. If I am offered a place on the MSc Economics or MSc Economic Policy programme, will I have to pay a deposit when I accept the offer?

A. No: UCL does not charge a deposit.

Q. I need funding for the MSc year. How do I find out about scholarships?

A. UCL addresses money matters in general on the UCL Current Student webpage .

Consideration for departmental scholarships is made when we make decisions on applications for admission. There is no separate application process for departmental scholarships. Only those shortlisted for departmental scholarships  are notified.
To be considered for funding from the College, as opposed to the department, you will need to follow the application instructions for each particular funding source where the possibility of student applications exists (some UCL awards, including the Global Excellence Scholarship, do not permit students to nominate themselves).

It is particularly important that students who plan to apply for College funding make their application for admission early—by November or December.


Q: When does teaching start, and when are the term dates?

A: The MSc programmes run from September to September each year. The academic calendar tells you when Term 1 and Term 2 teaching and Term 3 final exams take place and when the vacation periods start and end.

Note that there are no reading weeks in MSc programmes in Economics. Therefore, MSc instruction takes place throughout Term 1 and Term 2. MSc students must consider all breaks between terms as revision periods.


The Maths & Stats intensive refresher course begins on the first day of the academic year: 22 September 2014. It is not a pre-sessional course at UCL.

Note: Plan to arrive in London and allow yourself plenty of time to settle in well before the start of the Maths & Stats refresher course on 22 September. The course is fast-paced, and in order to keep up, you will need to devote all of your time and energy to it. You will not have an opportunity to catch up later.
The dissertation project is conducted from the end of Term 3, in mid-June, until 15 September, when the MSc programmes conclude.

Q: How many intakes do you have each year?

A: One, in September.

Q. What do I need to do to prepare for the start of the MSc programme?

A: Completing the Maths & Stats summer homework, described on the course webpage and on the associated Moodle page linked to the course webpage (log in as a guest and agree to the site policy), should be your top priority.
The content of our MSc courses is very technical; our courses demand considerable fluency in mathematics and statistics concepts.
If you are considering Term 2 options courses with long reading lists, such as ECONG013: Topics in Labour Economics or ECONG015: The Economics of Development or ECONG052: Ethics in Welfare Economics we strongly recommend that you start work on the reading requirements during the summer prior to the start of the MSc programme.

Q.  I am an MSc offer holder who has not received information about the summer Maths & Stats pre-programme preparation. What should I do?


A. Follow the information for the Maths & Stats course summer preparation on the ECONG100 Moodle course page and then contact us.

Q. How is performance assessed on the MSc programmes?

A: Assessment is weighted as follows:
•    Two-thirds by performance in final examinations, with one closed-book, timed exam taking place in the third week of the programme, and the remaining seven closed-book, timed  exams being held in the Term 3 final exams period.
•    One-third by performance in the 10,000-word dissertation project.
Students receive feedback from tutorial class teachers on their performance in problem set assignments attempted in Term 1 and Term 2. Performance in such coursework does not count directly towards the final degree, however.

Q. I am an offer-holder with a disability or serious medical condition who plans to start the MSc programme in the new academic year. Where should I register to be sure of obtaining any support services that I might need?

Please immediately register with UCL’s Student Disability Services .

Q. May I make an appointment to discuss the MSc programmes with you?

A. Due to limited resources, we provide  appointments only to offer holders who are unable to attend the MSc Open Day that we hold in late March each year. Please research our programmes by carefully reading the relevant UCL and Department of Economics webpages devoted to them.


Q. Does UCL offer an Open Day for prospective students who want to study for the MSc in Economics or MSc in Economic Policy?


A. The Economics Department invites UK and EU based offer-holders to an Open Day held in March each year.


Q. Where have recent graduates found employment?

A. Some of the career destinations of recent MSc Economics and MSc Economic Policy graduates are listed in the Graduate Destinations page.


Q. I am a masters student or a research student at one of the colleges in the University of London system and have strong academic training in Economics or a closely related quantitative discipline such as Mathematics or Statistics. How do I apply to audit MSc-level lectures or take MSc-level courses for credit from UCL’s Economics Department?


A. First, review the MSc-level courses offered by studying the course web pages and associated Moodle course pages. Courses that are core to our MSc Economics or MSc Economic Policy programmes are offered in Term 1 (October to December). Options courses are offered in Term 2 (January to March).
Then refer to the online course timetable for scheduling information.
Finally, refer your course request to the administrator for your academic programme of study and ask him or her to send your request to the UCL Economics Department’s MSc Programmes Administrator, together with pdfs of your academic transcripts that demonstrate the requisite quantitative background for the course requested.

Q. I am enrolled on an MSc programme at a university outside the University of London system. May I take MSc-level courses from UCL’s Department of Economics as an exchange student?


A. Unfortunately, we do not offer an exchange programme at the MSc-level.


Contacting the Economics Department

If you have an MSc Economics or Economic Policy admissions-related enquiry, please refer to the information above, which is designed to answer the most common questions.  In the event that your question is not answered here, please email your enquiry to economics.msc.admissions@ucl.ac.uk .  Thank you for your interest in our MSc programmes.