Masters in Economics
Taught by a world-class faculty, our two masters programmes give a thorough knowledge of cutting-edge techniques in theoretical and applied economics. The 3 month dissertation allows these skills to be applied to a project of the student’s choice. Recent graduates have gone on to PhDs, research institutes and careers across the public and private sectors.
Comparing the programmes
|Mainly applied: 4 out of the 7 courses are applied and the three core courses are more slanted towards applied material||Mainly core: 5 or 6 out of the 7 courses cover core, mainly theoretical material, and 1 or 2 can be applied|
|3 or 4 options from List A: Applied; 1 or 2 from List P: Policy||2 or 3 options from List C: Advanced Core; 1 or 2 from List A: Applied.|
|The Research methods course and the dissertation||The Research methods course and the dissertation|
Which programmes should I take?
Graduates from both programmes go on to do PhDs and work in a whole range of roles in central banks, policy institutions, and the public and private sectors. See the MSc Economics and MSc Economic Policy student profile pages for details.
Which programme you choose is a matter of taste. If you prefer applying economics to practical questions, the MSc Economic Policy may be for you. If you prefer theory, consider the MSc Economics. A recent student described the difference as ‘One of them will teach you to make a car, the other to drive it’.
Students from both programmes go on to further
research, but if you intend to do a PhD at a top institution (for
example UCL, LSE, Oxford, UPF, top US schools) we recommend you take the
MSc Economics. This is because the first year of such PhDs consist of
courses on core material so the more core material you have covered
beforehand the better.
Since we apply the same admissions criteria to both
programmes, we allow students to switch between programmes during the
first four weeks of the academic year.
- Entry requirements
UK applicants to the MSc programme require a Bachelor’s degree in Economics with at least upper second-class Honours, or equivalent, with a significant quantitative component. Applicants with a very good Bachelor's degree in another quantitative discipline, such as mathematics, statistics, engineering or physics, may also be considered. Admission is competitive. Degrees in Business Studies/Business Administration or Accounting are not appropriate preparation for the MSc Economics programme.
Students entering the MSc are required to take an intensive, two-week refresher Maths and Statistics Course at the start of term, but all applicants should be proficient with matrix algebra, multi-variate calculus and optimization techniques before they arrive.
Applicants whose first degree is from outside the UK must possess a similar level of training and qualifications as UK degree-holding applicants. Applicants also need to demonstrate competence in English at what UCL defines as the "Good" level before the start of the course and preferably at the time of application.
Applicants who studied for their undergraduate degree at a university outside the UK must supply GRE scores. The quantitative GRE score must be 161 or above (post-August 2011 scores). 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.
If your transcripts do not indicate all of the courses that you are taking in your final year, please include with your application for admission a list of your final year's/final term's courses.
- Fees and funding
Most of our MSc students fund their studies from employer sponsorship, family sponsorship, home country scholarships, and career development loans.
In addition, some UCL and departmental funds are available to encourage strong applicants. These latter two categories of funding are summarised below.
See the Graduate Scholarships section of the UCL Prospective Students website for information on UCL sources of funding for the MSc year. All MSc offer-holders should periodically review this list of UCL Graduate Scholarships and apply for all UCL funding for which they are eligible.
Economics Department Funding
Michael Curtis UCL Bursary
One scholarship of £5,000 is available to an MSc student from the UK or the EU to fund their living costs while enrolled on one of the MSc Programmes. This bursary is awarded on the basis of financial need.
James Lanner Memorial Scholarship
One scholarship of £5,000 is available for offer holders for the MSc in Economics or MSc in Economic Policy. The scholarship is awarded on the basis of academic merit with preference given to candidates who intend to specialise in international economics or in issues of economic policy in Europe.
All applicants to the department's MSc Programmes are automatically considered for Michael Curtis and James Lanner departmental funding; there is no separate application procedure. MSc offer-holders should apply for UCL funding in the first instance.
- Apply Now
Applications for September 2018 entry will be considered if submitted between mid-October and the deadline published in the UCL Graduate Prospectus.