Economics MSc
Master
In St Andrews
Description
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Type
Master
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Location
St andrews (Scotland)
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Duration
1 Year
The MSc in Economics provides advanced, rigorous training in essential elements of economics – microeconomics, macroeconomics and econometrics – plus a range of specialist options covering theoretical and empirical approaches that reflect the interests of the staff in the School.
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Location
Start date
Start date
About this course
In the 2014 UK Research Excellence Framework exercise, the School was ranked joint tenth in the UK and second in Scotland on the basis of the quality of its research publications, with over 80% of the research publications being classified as internationally excellent or world-leading.
Small group teaching allows a high level of student-teacher interaction, encouraging a warm and friendly learning environment.
The programme focus is to provide a self-contained, rigorous but relevant learning experience that prepares you either to start employment at a senior level in a wide variety of economics-related activities, or to pursue further research.
You will learn the theoretical and empirical tools required to understand the increasingly complex and rapidly changing economy.
Supplementary lectures in mathematical and statistical methods are available at the beginning of the course.
There is a long-standing tradition of Economics graduates working in a wide variety of challenging and rewarding posts including:
academia
banking
commerce
diplomatic service
economics
finance
government
industry
insurance.
They work in the UK, Europe, and North America, and more frequently in locations such as China, Taiwan, Hong Kong, Japan and Thailand.
A 2.1 degree classification from a recognised UK university in Economics or a 2.1 joint Honours in Economics and another subject that includes substantial training in mathematics, statistics, microeconomics, macroeconomics and econometrics.
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Subjects
- Microeconomics
- Financial Training
- Econometric
- Macroeconomics
- Economics
- Financial
- Econometric methods
- Behavioural finance
- Economics and Finance
- Financial Intermediation
Course programme
Each compulsory module typically comprises:
- 20 lecture contact hours
- 10 contact hours for seminars, workshops and tutorials
- intensive independent study
- 40% continuous assessment
- 60% assessment by written end-of-semester examination.
Complusory
You must take three compulsory modules in the first semester. These are:
- Econometric Methods and Applications: advanced level training in econometric methods
- Macroeconomics: advanced treatment of the core models and concepts used in modern macroeconomics
- Microeconomics: advanced treatment of the core models and concepts used in modern microeconomics.
Optional
In your second semester, you will have the opportunity to choose three modules from a selection of topics.
Examples currently include:
- Behavioural Finance: examines the effects of behavioural biases in financial markets
- Econometric Time Series Analysis: advanced treatment of the core theory and practice of time series econometrics
- Experimental Economics and Finance: the methodology of experimental economics and the dialogue between theoretical and laboratory-based empirical work
- Financial Intermediation: main theoretical issues involved in financial intermediation with a focus on analytical models
- Game Theory: provides a thorough advanced treatment of the core models and concepts used in modern game theory
- International Trade and Migration: examines the causes and consequences of international trade and migration, combining theory with empirical applications
- Monetary Policy: key issues in monetary policy
- Portfolio Theory and Management: key issues in asset allocation and portfolio composition and management at an advanced level.
MSc Economics students may take up to one advanced undergraduate optional module (coded EC4xxx) in the second semester with the prior permission of the MSc Economics programme director.
Dissertation
The final element of the MSc is a 15,000-word dissertation. The dissertation should be on an area of economics that you are interested in, and chosen in discussion with your supervisor who will support you through the process.
You will receive training in Semester 1 in framing a hypothesis, conducting bibliographic research, writing a literature survey, and structuring a dissertation.
Additional information
Economics MSc