Awarded by: University of London
Our Graduate Diploma in Economics and its new pathway, the Graduate Diploma in Quantitative Economics, fill a critical gap in the market for postgraduate training in economics. If you have an undergraduate degree in another subject area - however distant from economics - but wish to switch to economics, the Graduate Diploma in Economics and the Graduate Diploma in Quantitative Economics are specifically designed to allow you to do just that, without spending 3 or 4 years studying for a second undergraduate degree. They provide rigorous and intensive training, spread over 1 or 2 years, after which you will be able to compete on equal terms with students graduating with undergraduate degrees in economics.
Many of our students require a level of economic knowledge in their jobs that is usually acquired at an undergraduate level; many of them work for City institutions, the Bank of England, government departments and economic regulators. This Graduate Diploma provides them with a sound knowledge of the core analytical tools of economics, coupled with some training in econometrics - the statistical side of the discipline.
The Graduate Diploma in Quantitative Economics is designed for students who wish to go on to Master's-level study, with the ultimate ambition of becoming a professional economist, whether in the private or public sector, or an academic economist (which requires further study to PhD level). Many students go on to MSc and MPhil/PhD programmes at Birkbeck and other top UK universities.
Graduate Diploma - Grad Dip
You take the following 4 modules, plus preliminary classes in September.
Students on the 1-year full-time programme take all of the modules in a single year.
Some part-time students may be allowed to vary the order in which modules are taken over the 2 years, in consultation with the Programme Director.
Full-time compulsory modules:
Part-time year 1 compulsory modules:Applied Statistics and Econometrics; Mathematics for Economists .
Part-time year 2 compulsory modules:Macroeconomics; Microeconomics .
Mostly by unseen written examination. Each module, except Introduction to Mathematical Economics, includes some assessment based on in-class tests. Applied Statistics and Econometrics is assessed by examination (70%) and project (30%).
At least a 2.2 degree in any discipline or equivalent. The 1-year intensive programme usually requires a 2.1 and some prior mathematical training. Evidence of aptitude for mathematical and statistical analysis is advantageous. Most students are offered a place on the 2-year part-time programme in the first instance, with the opportunity to transfer to the 1-year programme based on tests in economics and mathematics taken in week 6 of the autumn term. If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.