MSc Economics

Year of entry: 2020

Overview

Degree awarded
Master of Science (MSc)
Duration
1 year (full-time); 2 years (part-time)
Entry requirements

A UK 2:1 honours degree (or overseas equivalent) in economics, finance, mathematics or a related subject with economic theory, mathematics and econometrics studied at a high level.

When applying, please submit these supporting documents, in addition to the online form:

  • copy of transcript from undergraduate degrees (interim transcripts are acceptable if you have not yet finished the degree);
  • English language evidence (for applicants from non-native English speaking countries.

Full entry requirements

How to apply
Apply online

Course options

Full-time Part-time Full-time distance learning Part-time distance learning
MSc Y Y N N

Course overview

  • One of Europe's leading centres for economics research and research-led teaching
  • Internationally renowned for postgraduate training with a range of master's courses and exposure to state-of-the-art research
  • Gain theoretical and practical skills necessary for a professional economist

Open days

The University holds regular open days, where you will have the opportunity to tour the campus and find out more about our facilities and courses.

On this day, you will find out more about the School of Social Sciences and our resources, and meet academic and admissions staff who will be able to answer any questions you have.

For more information, see open days and visits .

Fees

For entry in the academic year beginning September 2020, the tuition fees are as follows:

  • MSc (full-time)
    UK/EU students (per annum): £13,000
    International students (per annum): £21,500
  • MSc (part-time)
    UK/EU students (per annum): £6,500
    International students (per annum): £10,750

The fees quoted above will be fully inclusive for the course tuition, administration and computational costs during your studies.

All fees for entry will be subject to yearly review and incremental rises per annum are also likely over the duration of courses lasting more than a year for UK/EU students (fees are typically fixed for International students, for the course duration at the year of entry). For general fees information please visit: postgraduate fees . Always contact the department if you are unsure which fee applies to your qualification award and method of attendance.

Self-funded international applicants for this course will be required to pay a deposit of £1000 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. This deposit will only be refunded if immigration permission is refused. We will notify you about how and when to make this payment.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

For details of funding opportunities, visit our website .

The Manchester Alumni Scholarship Scheme offers a £3,000 reduction in tuition fees to University of Manchester alumni who achieved a first-class Bachelor's degree and are progressing to a postgraduate taught master's course.

For more information, see fees and funding or search the University's postgraduate funding database .

Contact details

School/Faculty
School of Social Sciences
Contact name
Janet Smith
Telephone
+44 (0)161 275 4471
Email
Website
http://www.manchester.ac.uk/economics
School/Faculty

Courses in related subject areas

Use the links below to view lists of courses in related subject areas.

Entry requirements

Academic entry qualification overview

A UK 2:1 honours degree (or overseas equivalent) in economics, finance, mathematics or a related subject with economic theory, mathematics and econometrics studied at a high level.

When applying, please submit these supporting documents, in addition to the online form:

  • copy of transcript from undergraduate degrees (interim transcripts are acceptable if you have not yet finished the degree);
  • English language evidence (for applicants from non-native English speaking countries.

English language

  • IELTS - overall score of 7, including 7 in writing with no further component score below 6.5.
  • TOEFL IBT 103 with 28 in writing and no further score below 25 in each section. TOEFL code for Manchester is 0757.
  • Pearson - overall 73 and 73 in writing with no other score below 66.

Scores are valid for 2 years.

Please note that CAS statements are issued only when all conditions of the offer have been satisfied, PDF copy of passport received and the offer accepted.

Applicants from certain countries MAY be exempt from having to provide an IELTS or TOEFL score. For further advice, email pg-soss@manchester.ac.uk .

Pre-Sessional English Courses:

If you are eligible to do a pre-sessional English course (either 6 weeks or 10 weeks, depending on your English score), you will need to successfully complete the course at the required level before you are permitted to register on your academic course.

English language test validity

Some English Language test results are only valid for two years. Your English Language test report must be valid on the start date of the course.

Other international entry requirements

We accept a range of qualifications from different countries. For these and general requirements including English language see entry requirements from your country .

Application and selection

How to apply

Advice to applicants

Due to high demand for this course, we operate a staged admissions process with selection deadlines throughout the year, as follows:
  • 1 November (decision by 8 December; accept offer by 15 January)
  • 7January (decision by 14 February, accept offer by 16 March)
  • 2 March (decision by 8 April, accept offer by 8 May)
  • 1 May (decision by 1 June, accept offer by 1 July)

If we make you an offer, you will have approximately 4 weeks to accept (conditional and un-conditional offers). Any offers not accepted by the deadline will be withdrawn so that an offer can be made to another candidate.

All conditional offer holders have until 1 August to satisfy the conditions of the offer.

Due to competition for places, we give preference to students with grades above our minimum entry requirements. 

You need to ensure that you submit your supporting documents with your online application as it may delay us processing your application before the decision deadline.

Whilst we aim to give you a decision on your application by the decision date, in some instances due to the competition for places/volume of applications received, it may be necessary to roll your application forward to the next deadline date. If this is the case, we will let you know after the deadline date.

Applications received after our final selection deadline will be considered at our discretion if places are still available.

We can accept your application before you complete your undergraduate studies; please submit your latest transcripts with your online application. 

Please note:

  • all places are subject to availability and if you apply for one of the later dates, some courses may already be closed. We recommend that you apply early in the cycle to secure your place with us;
  • meeting the minimum entry requirements does not guarantee an offer;
  • if you are a current undergraduate student at the University of Manchester, you may be eligible to apply via the 'Fast-Track' scheme. Please email pg-soss@manchester.ac.uk for further information.

For a copy of the Postgraduate prospectus, email pg-soss@manchester.ac.uk.

If you are a current undergraduate student at The University of Manchester, you may be eligible to apply via the Fast-Track scheme. Please email pg-soss@manchester.ac.uk for further information.

How your application is considered

Applications are initially assessed by the Admissions Team and referred to the Admissions Tutor when required.

Re-applications

If you applied in the previous year and your application was not successful you may apply again. Your application will be considered against the standard course entry criteria for that year of entry. In your new application you should demonstrate how your application has improved. We may draw upon all information from your previous applications or any previous registrations at the University as a student when assessing your suitability for your chosen course.

Course details

Course description

Manchester is a leading centre for economics and research-led teaching. Graduate students from across the globe come to study economics at Manchester, attracted by our first-class postgraduate training and supervision in the core and specialist areas of economics.

Many famous names from the world of economics have worked here at Manchester, including three Nobel Prize winners.

The MSc also provides the option of specialising in the following areas:

  • econometrics;
  • environmental economics; and
  • health economics.

Please see course unit details for further information.

Aims

This course will:

  • provide balanced and rigorous training in modern economics theories and techniques at postgraduate level;
  • introduce you to key concepts, ideas, tools and techniques via core and optional course units;
  • demonstrate and develop your skills by writing a summer dissertation.

Upon completion of the course, you should be able to read and understand the leading economics journals, develop economic models of your own from which to derive original results and offer a critique of underlying theories.

Special features

Quantitative methods preparation for the MSc:

1. Please visit our Introduction to Quantitative Methods in Economics website for information about the minimum level of knowledge of mathematics and statistics that you should possess from your current or previous training.

2. The website also provides details and content of our Introduction course on Quantitative Methods in Economics which builds on the knowledge gained in (1) and is designed to equip you with further technical skills that you will require before starting the MSc.

3. You are strongly advised to attend this course which is offered, free of charge. The course will run during induction week and we recommend that you spend some time between July and September studying and familiarising yourself with the course material on the website, especially if you might not be able to attend the course. The importance of the course is illustrated by the fact that the marks contribute 10% towards the Maths Methods and Econometrics compulsory units of semester one.

Teaching and learning

Part-time students complete the full-time course over two years. There are no evening or weekend course units available on this route.  

You must first check the schedule of the compulsory course units and then select your optional units to suit your requirements.  

Updated timetable information will be available from mid-August and you will have the opportunity to discuss your unit choices during induction week with your Course Director.

Coursework and assessment

The Master of Economics is awarded by the University on the recommendation of the Board of the School of Social Sciences, Graduate Office. The degree will be awarded with a pass, merit or distinction.

Students who fail a master's degree may be awarded a Postgraduate Diploma if they satisfy the appropriate conventions. Once a diploma has been awarded in these circumstances, a student cannot re-enrol on a master's degree.

In Economics, there are three standard methods of assessment: 

  • written examination only;
  • written examination plus an essay, test, or project;
  • examinations are usually 2 hours in length.

Course unit details

There are typically five compulsory course units:

  • microeconomic theory;
  • macroeconomic theory;
  • mathematical methods in economic analysis; 
  • econometric methods, and;
  • cross section econometrics.

In addition, you can choose from a wide range, three approved optional course units. Students undertaking the MSc Economics course are required to write a dissertation of between 12,000-15,000 words following exams in May and June.

The MSc Economics allows you the option to specialise, if you so wish, in one of three areas; Econometrics, Environmental Economics or Health Economics, by selecting in the second semester specialism-specific units as detailed below. Students may decide to choose specialisms by the end of semester one.

Econometrics specialism

This specialism aims to provide balanced and rigorous training in modern theories in economics and econometrics at the postgraduate level. Although similar to the MSc in Economics, it differs in the level of econometric course units it provides.

The aims are:

  • To provide advanced instruction and rigorous training in economic and econometric theories and the relevant methods of empirical research in those areas.
  • To develop your powers of inquiry, critical analysis, and logical thinking and to apply theoretical knowledge to current issues of policy and practice.
  • To encourage initiative, independent learning, and create awareness of the range of methodological approaches to research and problem solving and their implications for research findings.
  • To enable you to apply advanced research skills to a relevant research area in economics and/or econometrics, via course units and a dissertation.

In addition to the five compulsory course units, you are required to take the following:

  • Econometric Theory
  • Applied Macroeconomics

You then select one further course unit from an agreed list of options.

Environmental Economics specialism

This specialism aims to provide a balanced and rigorous training in modern theories and techniques in environmental economics at the postgraduate level. Although similar to the MSc in Economics, it differs in the specialist course units it provides.

  • You are introduced to key concepts, ideas, tools and techniques via core and optional course units, and have the opportunity to combine and develop your skills in writing a dissertation.
  • By the end of the course, you are able to critically engage with the current theory and practice in environmental economics. You are able to develop approaches and models of your own, based on the environmental problem at hand, from which to derive original results and offer a critique of existing theories and practice.
  • It provides training for those aiming to be environmental economists in national and international public (Defra, FSA, Environment Agency, OECD, etc) and private institutions including environmental consultancies. It also serves as a sound foundation from which to embark on a PhD in environmental economics.

In addition to the five compulsory course units, you are required to take the following:

  • Environmental Valuation
  • Economics of Environmental Policy

You then select one further course unit from an agreed list of options.

Health Economics specialism

This specialism aims to provide rigorous training in modern theories and techniques in economics of health and health care at postgraduate level. Although similar to the MSc in Economics, it differs in the specialist course units it provides.

  • You are introduced to key concepts, tools and techniques via core and optional course units, and have the opportunity to combine and develop their skills in writing a supervised dissertation.
  • Cutting-edge health related issues and policies will be critically examined and by the end of the course, you will be able to rigorously engage with current theory and practice in health economics. You can develop theoretical or empirical models of your own from which to derive original results and offer a critique of existing theories and practice.
  • The bulk of the teaching and research supervision on this programme is done by members of the Department of Economics and the Manchester Centre for Health Economics research group ( Institute of Population Health ).
  • It provides training for those aiming to be health economists in national and international public (NHS, WHO, etc) and private institutions including consultancies. It also serves as a sound foundation from which to embark on a PhD in Health Economics.

In addition to the five compulsory course units, you will be required to take the following units:

  • Topics in Economics of Health
  • Economics of Health

You then select one further course unit from an agreed list of options.

Course unit list

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Mathematical Methods in Economic Analysis ECON60081 15 Mandatory
Microeconomic Theory ECON60101 15 Mandatory
Macroeconomic Analysis ECON60111 15 Mandatory
Introduction to Quantitative Methods in Economics ECON60901 0 Mandatory
Econometric Methods ECON61001 15 Mandatory
Dissertation ECON63000 60 Mandatory
Development Microeconomics ECON60022 15 Optional
Micro Econometrics ECON60052 15 Optional
International Macroeconomics ECON60132 15 Optional
Public Economics ECON60202 15 Optional
Poverty, Inequality and Government Policy in Less Developed Countries ECON60212 15 Optional
Financial Econometrics ECON60332 15 Optional
Non-Market Valuation ECON60422 15 Optional
Healthcare Economics ECON60432 15 Optional
Topics in Applied Economics ECON60482 15 Optional
Political Economics ECON60492 15 Optional
Applied Macroeconometrics ECON60522 15 Optional
Applied Development Economics Project (ADEP) ECON60552 15 Optional
Mathematical Economics ECON60562 15 Optional
Economic Growth ECON60662 15 Optional
Economics of Environmental Policy ECON60782 15 Optional
Advanced Topics in Development Economics ECON61212 15 Optional
Financial Economics II ECON61262 15 Optional
Displaying 10 of 23 course units

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: dass@manchester.ac.uk