Economics MSc

Modern economics is an increasingly rigorous discipline and advanced degrees are now essential for careers in international institutions, government and industry. The Economics MSc at UCL will equip the professional economist with the powerful tools required to understand the rapidly changing, complex and uncertain modern world economy.

Key Information

Modes and duration

  • Full-time: 1 year

Tuition Fees (2015/16)

£14,250 (FT)
£18,850 (FT)

Application deadlines

All applicants:
1 March 2015

Entry Requirements

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, the verbal score must be 150 or above, and the analytical score must be 3.5 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.

International students

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:

Degree Information

The programme aims to provide all students with a sound and worthwhile education in modern Economics and Econometrics, developing important transferable skills of problem-definition, analysis and self-motivation. Students will learn the formal tools that are necessary to understand and conduct cutting-edge research in both theoretical and applied economics.

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).

Core Modules

  • Microeconomics
  • Macroeconomics
  • Econometrics
  • Research Methods


  • At least two of the following advanced core modules:
  • Advanced Macroeconomic Theory
  • Advanced Microeconometrics
  • Advanced Microeconomic Theory
  • Remaining applied options (taking the total to four) from a list including:
  • 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
  • Environmental Economics: Principle and Policy


The dissertation of 10,000 words will be a piece of lightly supervised research, including a brief critical review of the literature in the relevant area.

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.

Further information on modules and degree structure available on the department web site Economics MSc


Scholarships relevant to this department are displayed below. For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.

Gaitskell MSc Scholarship

£5,000 (1 year)
UK, EU students
Based on academic merit

James Lanner Memorial Scholarship

£5,000 (1 year)
UK, EU, Overseas students
Based on academic merit

James Mill MSc Scholarship

Fees plus stipend (1)
UK, EU, Overseas students

Michael Curtis UCL Bursary

£5,000 (1 year)
UK, EU students
Based on financial need

More scholarships are listed on the Scholarships and Funding website


  • Graduates go on to a variety of roles, including those in the civil service, research, finance and political sectors.
  • First destinations of recent graduates include:
  • Department of Health: Assistant Economist
  • Department of Energy and Climate Change: Economic Advisor
  • Government Economic Service: Economic Advisor
  • HM Treasury: Analyst
  • Cabinet Office: Chief Advisor
  • Oxera: Consultant
  • Oxford Economics: Economist
  • Credit Suisse: Economist
  • British Airways: Analyst
  • ING Bank: Analyst
  • Deloitte: Associate Economist
  • KPMG: Economist
  • European Central Bank: Trainee
  • International Growth Centre Country Offices (Myanmar, Rwanda)
  • ODI Fellowships (Burundi, Rwanda and others)
  • PhD programmes: Recent graduates have been admitted to PhD programmes at UCL; Barcelona; Bologna; Cambridge; Berlin; Birkbeck; EUI (European University Institute)

    Top career destinations for this degree

    • Economist, ING Bank (2011)
    • MRes Economics student, UCL (2011)
    • Economist, Bank of England (2012)
    • PhD Economics Student, Northwestern University (2011)
    • Economist, Policy Research Institute (2011)


    The UCL Economics MSc is a passport to roles such as professional economist and researcher in major national and international institutions that demand the deeper, more rigorous analytical reasoning in economics offered by the MSc. In these roles, MSc graduates draw on a theoretical grounding and 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.

Why study this degree at UCL?

UCL Economics has an outstanding international reputation in the areas of game theory, macroeconomics, fields of applied microeconometrics (labour, development, public economics and industrial organisation), and econometric theory.

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. We are sufficiently large to be a lively centre for wide-ranging research activity but compact enough for staff to be highly accessible to students.

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 ratios › 65 staff › 155 taught students › 105 research students

Department: Economics

Degree reviews

Alumni review

"I feel that my Master's degree at UCL assisted me in my career steps in a number of important ways. First of all, taking gradute-level classes in many areas of Economics made me realize which specific subjects I was most most interested in, and which career path I wanted to take after my Master's. Secondly, the technical and quantitative skills I learnt were essential for the success of my career as an economist. Thirdly, the very strong reputation of a UCL degree helped me in getting considered for very good positions as an economist afterwards: after the Master's I decided to pursue a PhD in Economics, and was very pleased to receive offers from both top UK and US institutions. "

Vittorio Bassi

Economics MSc ()
Staff review

"The excellent reputation of the UCL Economics Department and the quality of the research attracted me to take up my position at UCL. I work on econometrics (statistical methods used by economists), and it was also important for me that UCL has a large and internationally renowned Econometrics group, and that the ESRC funded Centre for Microdata Methods and Practice (CeMMaP) attracts numerous international visitors and organizes many conferences, workshops and masterclasses every year. More recently I got interested in social networks and social interactions. We live in a time where an increasing number of data becomes available from all aspects of social and economic life, and new and sophisticated statistical methods have to be developed to analyze those new sources of data, and my goal is to contribute to these developments."

Dr Martin Weidner

Economics 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?

Because of the focus on analytical rigour and research methods, the ideal candidate is a professional economist with research-oriented interests or someone interested in pursuing an Economics PhD.

Application deadlines

All applicants
1 March 2015
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 this programme match what the programme will deliver. When we assess your application we would like to learn:
  • why you want to study Economics at the graduate level
  • why you want to study Economics at UCL: We want to see what you have found out about how we approach the study of Economics at the MSc 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
  • Any details of your skills in mathematics, calculus, probability and statistics, or linear algebra
  • About any skills you have with spreadsheets, statistical software, mathematical programming or working with data


  • Register interest in your chosen subjects
  • Receive notice of graduate open days, events and more
Register now

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