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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

Programme starts

September 2019

Modes and duration

Full time: 1 year

Application dates

All applicants
Open: 15 October 2018
Close: 5 April 2019

Tuition fees (2019/20)

UK/EU: £20,570 (FT)
Overseas: £26,660 (FT)


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 Students website.

Location: London, Bloomsbury

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 studies for their undergraduate degree have been undertaken wholly or mainly at a university located outside the UK must supply GRE General Test scores. The quantitative GRE score must be 161 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:

About this degree

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 to use 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).

Compulsory modules

Students take each of the following four modules:

  • Microeconomics
  • Macroeconomics
  • Econometrics
  • Research Methods

Optional modules

Students take four of the following options modules:

  • Advanced Macroeconomic Theory
  • Advanced Microeconometrics
  • Advanced Microeconomic Theory
  • Time Series Econometrics
  • Public Microeconomics
  • Economics of Development
  • Health Economics
  • Programme Evaluation for Users
  • Behavioural Economics
  • Macroeconomic Policy
  • International Trade
  • Ethics in Welfare Economics
  • Empirical Industrial Organisation
  • Topics in Labour Economics
  • Topics in Money and Finance
  • Environmental Economics: Principles and Policy
  • Applied Policy Analysis
  • Advanced Macroeconomic Theory
  • Advanced Microeconometrics

Dissertation/report

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.

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change.

Funding

Scholarships relevant to this department are displayed below.

Michael Curtis UCL Bursary

Note:
Applications are now open!
Value:
£12,500 (1 year)
Eligibility:
UK, EU
Criteria:
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.

Careers

According to the Destination of Leavers of Higher Education Surveys (2015/16 and 2016/17), recent graduates go on to a variety of roles including those in the civil service (eg, HM Treasury), central banks (eg, Bank of England and European Central Bank), research (eg, Institute of Fiscal Studies), accounting and consultancy (eg, Accenture, PWC, Frontier Economics and Charles River Associates), and financial sector. Many of our students also continue with their studies, entering PhD programmes at world-renowned institutions including UCL, LSE and Oxford.

Employability

The UCL Economics MSc is a passport to a career in major national and international institutions that demand the deeper, more rigorous analytical reasoning in economics. 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 roles.

Why study this degree at UCL?

UCL Economics has an outstanding international reputation in the areas of applied microeconomics, labour economics, development economics, economic theory, experimental economics, econometrics, and macroeconomics. The department is a global leader in policy-oriented research, with members actively involved in policy design and evaluation. The Research Excellence Framework 2014 ranked the UCL Department of Economics as the top department in the UK for economics and econometrics, as well as the top department in any field in terms of overall score. The high quality and policy impact of research undertaken by faculty are reflected in an excellent teaching and research environment for graduate 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.

Department: Economics

What our students and staff say

Staff view

"The excellent reputation of UCL Economics 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 organises 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 amount of data becomes available from all aspects of social and economic life, and new and sophisticated statistical methods have to be developed to analyse those new sources of data, and my goal is to contribute to these developments."

Dr Martin Weidner

Economics MSc
Lecturer

Application and next steps

Applications

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.

There is an application processing fee for this programme of £75 for online applications and £100 for paper applications. Further information can be found at: www.ucl.ac.uk/prospective-students/graduate/taught/application.

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
5 April 2019

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 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 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

Applicants must be comfortable with academically rigorous content, enjoy technical challenges in the discipline, and have an aptitude for applying sophisticated technical tools to topical questions in Economics.

Contact information

Page last modified on 8 February 2019 by UCL Student Recruitment Marketing