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Economics

Master of Science ( 1 year Full-time )

Overview

The MSc Economics is a specialist programme designed to provide you with rigorous training in theoretical and applied economics. The programme is ideal for those planning a career as a research economist in academia, the public sector, international institutions, the financial industry, economic or management consulting, think tanks, or other research centres.

Unique features of the MSc in Economics are:

  • Provides a solid grounding in modern economics.
  • Comprehensive two-semester sequences in macroeconomics, microeconomics, and econometrics that cover the essential models and tools used by research economists.
  • Training in relevant mathematical and statistical methods and how to conduct, assess, and supervise both theoretical and applied research in the field.
  • Teaching by expert economists from Frontier Economics.
  • Opportunity to obtain a one month paid internship at Frontier Economics, and a cash prize for outstanding achievement.
  • Possibility to continue to the MRes Economics programme upon successful completion of the MSc, which provides the option to go on to doctoral study in the School.
  • 5 scholarships available worth £5,000.

This MSc degree course will develop your economics expertise to the highest level.

Why study your MSc in Economics at Queen Mary?

The School of Economics and Finance is one of the top Economics schools in the country, with particular expertise in economic theory, econometrics and finance, and applied economics. We have published research in virtually all the top economics journals. In the Government's last Research Assessment Exercise (2008), the School of Economics and Finance was ranked among the top six in the country meaning that you will learn from academics who are leaders in the field.

The School’s close geographical proximity to London’s key financial districts – the City of London and Canary Wharf, along with its excellent reputation and high rankings has allowed us to develop close links with some of the top names in the banking and financial industry, such as the Bank of England, The HM Treasury, Goldman Sachs, Aviva Investors, Frontier Economics, HSBC and Interactive Brokers.

The Chartered Institute for Securities and Investment (CISI) has recognised the School of Economics and Finance as a Centre for Excellence in Financial Services, and we are associated with a number of professional bodies; to include the Chartered Financial Analyst UK (CFA), the Chartered Institute for Securities and Investment (CISI), and the Chartered Banker Institute (CBI). The School also has a partnership with Frontier Economics –Europe’s leading economic consultancy.

As with all of our MSc programmes, MSc Economics offers:

  • Invaluable contributions from respected City practitioners and industry experts who also teach students, bringing practical insights into the classroom by applying the theory to real world scenarios.
  • A fully integrated careers programme, a dedicated careers consultant, and extensive industry links that aim to maximise your employment prospects.
  • An unparalleled set of optional short courses designed to equip you with further practical training and key technical skills that are highly valued in the Financial Sector.
  • High rate of employment of our students within six months of graduation.
  • State-of-the-art facilities such as a virtual trading floor which provides exclusive access to the latest technology and financial software used in the banking and finance industry, and access to specialised financial and economic databases and software used by economists in finance or in government for data analysis and simulation.
  • The opportunity to join QUMMIF – the only Investment Club of its kind, which allows students to trade real money (currently £30,000!) in order to obtain relevant, practical work experience in trading and portfolio analysis.

Facilities

You will have use of the postgraduate only facilities which include the Lock-keeper's Cottage Graduate Centre. The Learning Resource Centre has 200 networked PCs and is open to students round the clock with dedicated workstations for postgraduate students.

You will also have access to Queen Mary’s comprehensive libraries, including the Postgraduate Reading Room, and The British Library can also be accessed as a research resource.

The School of Economics and Finance offers excellent facilities and resources to its students including:

IT Software/Trading Room

  • Real Time Data/Trading Software: Queen Mary is one of the few UK universities offering training and access to both Reuters and Bloomberg trading terminals (in our designated trading room) as well as Interactive Brokers Trader Workstation (TWS) and FXCM FX Trading Station.
  • Time Series Data Software: A full range of economic and financial data is available through DataStream, Macrobond and the WRDS platform (including Bankscope and CRSP).
  • Statistical Analysis Software: A wide range of Econometric software including Eviews, Stata, Matlab, Gauss etc.

News

Free online subscription to The Economist and The Financial Times.

Structure

The MSc Economics is currently available for one year full-time study. You will take three core modules, plus one option in the first semester and three core modules, plus one option in the second semester. The pre-semester modules in maths and statistics take place in September. They are especially designed for students who want to review concepts such as statistical distributions and matrix algebra.

Pre-sessional modules

  • Mathematics
  • Statistics

Core modules

  • Macroeconomics A
  • Microeconomics A
  • Econometrics A
  • Macroeconomics B
  • Microeconomics B
  • Econometrics B

Optional modules

Semester 1

  • Time Series Analysis
  • Corporate Finance
  • Investments

Semester 2

  • Financial Econometrics
  • Labour and Public Policy
  • Advanced Asset Pricing and Modelling
  • Empirical Microeconomics
  • Industrial Organisation
  • Development Economics
  • Advanced Corporate Finance
  • Empirical Macroeconomics

Contact

Nick Owen
Tel: +44 (0)20 7882 7298
Email: econ-postgrad@qmul.ac.uk

For informal academic enquiries, please contact:

Renato Faccini
Tel: +44 20 7882 5885
Email: r.faccini@qmul.ac.uk

Entry requirements

You should have an upper second class honours degree (2:1), or international equivalent, normally (though not necessarily) in economics or a related field. A good basic knowledge of relevant statistical theory and mathematics is also necessary.

If your first language is not English, you must provide evidence of your English language proficiency - 6.5 IELTS or equivalent is required.

International applicants

Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website. If your first language is not English, you must provide evidence of your English language proficiency. You can find details on our English language entry requirements here: www.qmul.ac.uk/international/languagerequirements

If you do not meet language or scholarly requirements it might be possible for you to undertake a pre-masters or pre-sessional programme that will prepare you for the masters programme. For more information, please contact the Admissions Office.

If you are unable to find the information you require, please contact the Admissions Office for assistance.

Learning and teaching

As a student at Queen Mary, you will play an active part in your acquisition of skills and knowledge. Teaching is by a mixture of formal lectures and small group seminars. The seminars are designed to generate informed discussion around set topics, and may involve student presentations, group exercise and  open discussion. We take pride in the close and friendly working relationship we have with our students. You are assigned an Academic Adviser who will guide you in both academic and pastoral matters throughout your time at Queen Mary.

There is also a lively range of reading groups and seminars arranged by Queen Mary and the School of Economics and Finance that you can attend to complement your studies.

Independent Study:

For every hour spent in formal classes you will be expected to complete further hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.

The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.

Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.

Assessment:

The grade for each module is assessed through coursework, which counts for 25 per cent of the final marks, along with a written exam in May for each course unit which counts for 75 per cent.

The 10,000 word dissertation written over the summer counts for four modules.

Fees

Tuition fees for Home and EU students

2015 entry
http://www.qmul.ac.uk/postgraduate/tuitionfees/index.html

Tuition fees for International students

2015 entry
http://www.qmul.ac.uk/international/international-students/tuitionfees/index.html

Funding

There are a number of sources of funding available for Masters students.

These include a significant package of competitive Queen Mary bursaries and scholarships in a range of subject areas, as well as external sources of funding.

Queen Mary bursaries and scholarships

We offer a range of bursaries and scholarships for Masters students including competitive scholarships, bursaries and awards, some of which are for applicants studying specific subjects.

Read more about funding a masters

Alternative sources of funding

Home/EU students can apply for a range of other funding, such as Professional and Career Development Loans, and Employer Sponsorship, depending on their circumstances and the specific programme of study.

Overseas students may be eligible to apply for a range of external scholarships and we also provide information about relevant funding providers in your home country.

Detailed information about postgraduate funding options is available in our Postgraduate Funding Guide (pdf).

Read more about funding a masters.

Tel: +44 (0)20 7882 5079
email bursaries@qmul.ac.uk

Other financial help on offer at Queen Mary

We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.

Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:

Tel: +44 (0)20 7882 8717

Graduate Employment

Careers and employability

Our masters programmes aim to produce fully trained, professional economists and finance experts who are ready to join a dynamic international community.

Our programmes lead to excellent career prospects and our graduates work in a variety of careers. Some apply their degree knowledge directly in international finance, economist or research roles. The transferable skills gained through the programmes, such as analysis, business awareness and data-handling, enable our graduates to work in sectors beyond those directly related to their degree. These include government roles and consultancy. The skills gained through our programmes – coupled with opportunities for extra-curricular activities – have enabled our students to move into careers at home and around the world, such as:

  • Analyst, Citigroup
  • Data Analyst, Bloomberg
  • Analyst, Morgan Stanley
  • Case Officer, Financial Ombudsman Service
  • Economic Analyst, Central Bank of Chile
  • Investment Associate, Standard Chartered, China
  • Management Consultant, PwC, Malaysia
  • Trainee Accountant, KPMG

Careers team

Our Careers and Enterprise Centre is run by professional careers staff and is there to help you prepare for life after university. We can help you to hunt for the perfect job with weekly workshops in job recruitment and selection methods – especially tailored to economics and finance students. You will also have access to mock assessment centres, practise psychometric tests and job interview/application workshops. In many of these workshops you will receive the guidance of experienced finance industry recruiters.

Dedicated School Careers Consultant and Internships Co-ordinator

The Careers Programme for the School is managed by a dedicated Careers Consultant with a background in the banking industry. You can meet, email or Skype the Careers Consultant and benefit from individual support on any career topic both in term-time and in vacations.

The dedicated Internships Co-ordinator for the School actively engages with employers to increase the number and range of opportunities for which you can apply.

Careers Events

We have a year-round range of postgraduate careers activities. The Focus on Finance month – four weeks of employer-led events, business games and workshops – is designed to equip you with a knowledge of possible job options and how best to apply. It also offers networking opportunities with representatives (including alumni) from recruiters and provides you with the chance to meet many banking and finance organisations on campus.

Examples include:

  • Bank of England
  • Bloomberg
  • Chartered Institute of Insurance
  • KPMG
  • Morgan Stanley
  • RBS.

Links to industry

Our academics and City practitioners also work in well-recognised financial institutions. This gives you opportunities to network and gain vital knowledge of how your masters study relates to commercial practice.

Profiles

News

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