10Feb
PostgraduateCourse summary
The MSc in Economics will equip you with the skills and knowledge to understand the complex, rapidly transforming and turbulent modern global economy. As one of three specialist Masters routes, our MSc Economics programme consists of a set of core and optional modules, culminating in a research-based dissertation. This flagship route delivers a balanced mix of broad and subject-specific knowledge sought by, global employers in industry, banking, consultancy and policymaking, and by world-leading PhD programmes should you wish to pursue a career in research. The programme is delivered by the Department of Economics, renowned internationally for its research and teaching excellence and is one of four departments at Durham University Business School. The Business School is one of the an elite group of institutions accredited by all three major business education accrediting bodies: the Association to Advance Collegiate Schools of Business (AACSB), the Association of MBAs (AMBA), and the European Quality Improvement System (EQUIS). Course structure Core modules You will study the following core modules: Advanced Macroeconomics features selected topics from contemporary business cycle theory, models of long-run economic growth, and macroeconomic policy analysis. Advanced Microeconomics enhances your knowledge and analytical skills in areas such as consumer theory, producer theory, decision-making under risk and uncertainty, incentives and strategic behaviour, general equilibrium and information economics. Econometric Analysis provides the econometrics skills necessary to pursue empirical research in economics and/or finance and provides a grounding for understanding the more advanced econometric techniques to be taught in the second term of the course. You will then choose one of the two modules below: Microeconometrics provides the tools required to conduct policy evaluation using microeconomic cross section and panel datasets. OR Times-Series Analysis provides the tools required to model stationary and non-stationary time series data and obtain forecasts from econometric models.
Modules
You will then choose four optional modules, up to the value of 60 credits, from a list which has typically included: Time-Series Analysis*; Microeconometrics*; Behavioural Economics; Development Economics; Environmental and Climate Economics; Experimental Economics; Game Theory; Industrial Organisation; International Trade and Finance; Market Microstructure; Money and Banking; Natural Resource Economics; Language module offered by the Centre for Foreign Language Studies. *can only be chosen as an optional module if the module is not studied as a core
Assessment method
Assessment is thorough and ongoing throughout the course. It is conducted by means of assignments, exams and a major 12,000-word dissertation, which requires you to carry out independent research and develop your skills in writing and analysis with support from a supervisor. Outside of timetabled contact hours, you will be expected to carry out a significant amount of independent study in preparation for assignments and other forms of assessment including exams.
How to apply
International applicants
If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take a pre-Masters pathway programme at the Durham University International Study Centre.
Entry requirements
The equivalent of a UK upper second-class single or joint honours degree in Economics, Finance, Mathematics, Statistics, Physics, Computer Science or Engineering. Applicants with degrees in other subjects are encouraged to apply as long as they have achieved good grades in two Mathematics / Statistics / Econometrics modules covering calculus, probability theory/econometrics and ideally linear algebra.
English language requirements
Durham University welcomes applications from all students irrespective of background. We encourage the recruitment of academically well-qualified and highly motivated students, who are non-native speakers of English, whose full potential can be realised with a limited amount of English Language training either prior to entry or through pre-sessional and/or in-sessional courses. It is the normal expectation that candidates for admission should be able to demonstrate satisfactory English proficiency before the start of a programme of study, whether via the submission of an appropriate English language qualification or by attendance on an appropriate pre-sessional course. Acceptable evidence and levels required can be viewed by following the link provided.
English language requirements
https://www.durham.ac.uk/study/international/entry-requirements/english-language-requirements/
Fees and funding
Tuition fees
| England | £14000 | Year 1 |
| Northern Ireland | £14000 | Year 1 |
| Scotland | £14000 | Year 1 |
| Wales | £14000 | Year 1 |
| Channel Islands | £14000 | Year 1 |
| EU | £27000 | Year 1 |
| International | £27000 | Year 1 |
Tuition fee status depends on a number of criteria and varies according to where in the UK you will study. For further guidance on the criteria for home or overseas tuition fees, please refer to the UKCISA website .
Additional fee information
The tuition fees shown are for one complete academic year of study and are set according to the academic year of entry. Fees will be subject to an annual inflationary increase and are expected to rise throughout the programme of study. The fee listed above is for the first year of the course only.
Sponsorship information
For further information see the course listing on the Durham University Business School.
Provider information
Durham University
The Palatine Centre
Stockton Road
Durham
DH1 3LE