MSc Economics

Year of entry: 2022

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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 assessing your academic record we take into account your grades, your academic references, and the standing of the institution where you studied. 

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 find out more about our facilities and courses.

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

See open days and visits for more information.

Fees

For entry in the academic year beginning September 2022, the tuition fees are as follows:

  • MSc (full-time)
    UK students (per annum): £13,500
    International, including EU, students (per annum): £25,500
  • MSc (part-time)
    UK students (per annum): £6,750
    International, including EU, students (per annum): £12,750

Further information for EU students can be found on our dedicated EU page.

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
School of Social Sciences Admissions Office
Telephone
+44 (0) 161 804 9198
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 assessing your academic record we take into account your grades, your academic references, and the standing of the institution where you studied. 

English language

Applicants whose first language is not English should meet the following language requirements:

  • IELTS Academic test score of 7 overall, including 7 in writing with no further component score below 6.5
  • TOEFL IBT 100 with 25 in writing and no further score below 22 in each section. TOEFL code for Manchester is 0757
  • Pearson Test of English (PTE) score of 76 overall, with 76 in writing and no further score below 70

You are not required to submit an English language certificate at the time of application, however if you are eligible for an offer it will be subject to meeting our English language requirements.

Pre-Sessional English Courses

We will consider applicants who do not meet these scores but you may be required to complete a pre-sessional English language course at the University of Manchester prior to the start of the course.

To be considered for a pre-sessional English language course for this programme we require the following minimum IELTS (Academic) scores:

6 Week Pre-Sessional Course : IELTS 6.5 overall with 6.5 in writing and no more than one sub-skill of 6.0.

10 Week Pre-sessional Course : IELTS 6.0 overall with 6.0 or above in each sub-skill 

If you have not yet completed your current academic study and are interested in studying a pre-sessional course, you must hold an IELTS for UKVI (Academic) test certificate to ensure that you are eligible for a separate visa for the English language 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.

Applicants from Majority English-speaking countries

If you are a national of a   majority English-speaking country   (or have studied for a full bachelor's degree or higher from one of these countries) you may be exempt from submitting further evidence of English language proficiency.

Other international entry requirements

We accept a range of qualifications from across the globe. To help international students, the university provides specific information for many individual countries. Please see our   country-specific information page   for guidance on the academic and English language qualifications which may be accepted from your country.

Application and selection

How to apply

Advice to applicants

As there is a high demand for our courses we operate a staged admissions process with selection deadlines throughout the year. Due to the competition for places and high quality of applications that we receive, we give preference to students from high ranking institutions and with grades above our minimum entry requirements.

Please ensure you submit all supporting documentation with your application before the application deadline to avoid a delay in processing.

Applications for 2022 entry:

Stage 1:   Application received by 3rd December 2021 ; Application update by 10th February 2022

Stage 2:   Application received by 14th January 2022 ; Application update by 10th March 2022

Stage 3:   Application received by 18th March 2022 ; Application update by 12th May 2022

Stage 4:   Application received by 29th April 2022 ; Application update by 16th June 2022

Stage 5: Application received by 1st July 2022 ; Application update by 28th July 2022

Stage 6: Application received by 19th August ; Application update by 31st August 2022

Whilst we aim to give you a decision on your application by the deadline date, in some instances due to the competition for places and the volume of applications received, it may be necessary to roll your application forward to the next deadline date.

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

Please note:  All places are subject to availability and if you apply at one of the later stages, some courses may already be reaching capacity or be closed to further applications. We, therefore, recommend that you apply early in the cycle to avoid disappointment.

Tuition fee deposits

If you are successful in receiving an offer, you will be required to pay a tuition fee deposit of £1,000 by the deadline stated in your offer letter to confirm your place. We ask for the deposit as competition for places is high and there is limited availability.  The deposit amount is then deducted from your tuition fees when you register on the course.

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. Many famous names from the world of economics have worked here at Manchester, including three Nobel Prize winners. Graduate students from across the globe come to study economics at Manchester, attracted by our first-class postgraduate training and supervision offered by our postgraduate programmes.

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 Theory 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
Microeconometrics ECON60052 15 Optional
International Macroeconomics ECON60132 15 Optional
Poverty, Inequality and Government Policy in Less Developed Countries ECON60212 15 Optional
Financial Econometrics ECON60332 15 Optional
Healthcare Economics ECON60432 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 19 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

Careers

Career opportunities

The University has its own dedicated Careers Service that you would have full access to as a student and for two years after you graduate.

At Manchester you will have access to a number of opportunities to help boost your employability .