The Economic Policy MSc is a unique programme which takes advantage of UCL's role as a global leader in policy-orientated research. The core teaching in microeconomics, macroeconomics and econometrics focuses on understanding the policy implications of economic models and their applications to real-world examples.
Modes and duration
September to September
Tuition fees (2017/18)
- £19,390 (FT) £9,840 (PT)
- £25,130 (FT) £12,570 (PT)
Note on fees: The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Current Students website.
A minimum of an upper second-class Bachelor's degree in Economics with a significant quantitative component from a UK university, or an overseas qualification of an equivalent standard. Applicants with a qualification of an equivalent standard in another quantitative discipline, such as statistics, mathematics, engineering or physics, may also be considered.
Applicants whose undergraduate degree is from a university outside the UK must supply GRE scores. The quantitative GRE score must be 155 or above and the verbal score must be 150 or above (post-August 2011 scores).
English language requirements
If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency.
The English language level for this programme is: Good
Further information can be found on our English language requirements page.
Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.
International applicants can find out the equivalent qualification for their country by selecting from the list below.
Select your country:
The programme is designed to equip the professional economist with the tools required to understand the problems presented by a rapidly changing, complex and uncertain modern world economy. It includes a research methods course that teaches economics and econometrics software, empirical modelling and how to formulate a research project.
Students undertake modules to the value of 180 credits.
The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).
- Econometrics for Policy
- Microeconomics for Policy
- Macroeconomics for Policy
- Research Methods
- At least two of the following applied options
- Time Series Econometrics
- Public Microeconomics
- Economics of Development
- The Economics of Migration
- Health Economics
- Programme Evaluation for Users
- Behavioural Economics
- Macroeconomic Policy
- Ethics in Welfare Economics
- Empirical Industrial Organisation
- Topics in Labour Economics
- Topics in Money and Finance
- Economics of Households
- Remaining options (taking the total to four) from a list of policy options, including:
- Applied Policy Analysis
- Applied Development Economics and Policy
- Agenda Setting and Public Policy (Department of Political Science or International Political Economy (Department of Political Science)
- Environmental Economics: Principles and Policy
The dissertation of 10,000 words is a piece of original research, carried out between June and September, supported by a research methods course and lightly supervised by a member of faculty.
Teaching and learning
The programme is delivered through a combination of lectures, seminars, and practical and problem classes. The MSc degree is awarded on the basis of written, final examination papers and the research dissertation.
Scholarships relevant to this department are displayed below.
- £5,000 (1 year)
- UK, EU, Overseas students
- Based on academic merit
- £12,500 (1 year)
- UK, EU students
- Based on financial need
For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.
First destinations of recent graduates include:
- Government Economic Service: economic advisor
- Bank of England: economist
- Frontier Economics: analyst
- Oxford Economics: economist
- Charles River Associates: senior associate
- HSBC: analyst
- UCL PhD programme
Recent career destinations for this degree
- Junior Consultant, Frontier Economics
- Associate, BCG (The Boston Consulting Group)
- Consultant, EY
- Assistant Economist, Government Economic Service
- MSc Business and Analytics, University of Manchester
UCL's Economic Policy MSc is a passport to careers in major national and international institutions that demand deeper, more rigorous analytical reasoning in economics. In these roles, graduates draw on a theoretical grounding and a wealth of practical analytical tools to formulate relevant questions in economics and produce high-quality economic analysis valued by employers and prestigious PhD programmes. Students benefit from the international reputations of the programme’s academic staff and the academic excellence and international perspectives of their fellow MSc students. Major employers invite UCL MSc graduates to apply for their roles. Profiles of recent graduates are available on the department website.
Careers data is taken from the ‘Destinations of Leavers from Higher Education’ survey undertaken by HESA looking at the destinations of UK and EU students in the 2012–2014 graduating cohorts six months after graduation.
Why study this degree at UCL?
UCL Economics has an outstanding international reputation in the areas of game theory, industrial organisation, econometrics, applied microeconomics, development and labour economics. The department is a global leader in policy-oriented research, with members directing and holding senior positions in research centres involved in policy design and evaluation. The Research Excellence Framework 2014 ranked the UCL Economics as first in the UK for economics and econometrics, as well as the leading department in the UK in any field in any university. This reflects the high quality of policy-relevant academic research being undertaken by staff, and the excellent research and teaching environment for graduate students.
Resident and visiting economists contribute to the programme through lectures, seminars and research supervision and provide access to a network of both public and private sector employers.
UCL is located in central London at the heart of the UK centre of government. Recognised as the world's best connected city, 75% of the Fortune 500 companies have offices in London.
Student / staff numbers › 65 staff including 12 postdocs › 130 taught students › 87 research students
Research Excellence Framework (REF)
The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.
The following REF score was awarded to the department: Economics
70% rated 4* (world-leading) or 3* (internationally excellent)
Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.
What our students and staff say
"By updating and furthering my knowledge of economic theory and applications the degree has given me increased confidence in my ability to continue my career as a government economist – as it has enabled me to gain the skills and knowledge of economics that would be expected. Studying the MSc degree has also certainly strengthened my ability to prioritise tasks and information and to plan and use my time effectively. "
Alex LimEconomic Policy MSc
Economist, Department of Business, Innovation and Skills
"I was attracted to UCL for its undisputed reputation as a world-leading academic institution. Besides being thrilled at the idea of living in London, I was also interested in becoming acquainted with a more mathematically intense, quantitative and technical approach to economics than the one I was exposed to during my previous studies and UCL was definitely the right place to achieve this."
Matteo ScattolaEconomic Policy MSc
"What I appreciated most about the Economic Policy MSc was the breadth of topics covered and the expertise and experience of the teaching staff. The programme was also very well organised, with the key resources available on the UCL Moodle, making study for final exams much easier."
Thomas WickershamEconomic Policy MSc
Application and next steps
Students are advised to apply as early as possible due to competition for places. Those applying for scholarship funding (particularly overseas applicants) should take note of application deadlines.
Who can apply?
The programme is aimed at economics graduates and professional economists currently working or intending to work in a policy-related field, and individuals intending to pursue a PhD in applied economics or a related field.
- All applicants
- 1 March 2017
Please make only one application to the Economics Department's MSc programmes (Economics MSc and Economics Policy MSc).
For more information see our Applications page.Apply now
What are we looking for?
Together with essential academic requirements, the personal statement is your opportunity to show whether your reasons for applying to thisprogramme match what the programme will deliver.
When we assess your application we would like to learn:
- why you want to study Economic Policy at graduate level
- why you want to study Economics Policy at UCL. We want to see what you have found out about how we approach the study of economics at Master's level at UCL, and what specific skills and aptitudes you have that will help you succeed on our MSc programme.
- where you would like to go professionally with your degree
- details of your skills in mathematics, calculus, probability and statistics, or linear algebra
- any skills you have with spreadsheets, statistical software, mathematical programming or working with data.