MBA Master of Business Administration
Durham University's MBA Master of Business Administration program is designed to eq...
MSc Economics
Durham-England
INTAKE: September
Program Overview
Durham University's MSc Economics program is designed to provide students with a solid foundation in economic theory, quantitative analysis, and empirical research methods.
-
Program Structure: The MSc Economics program is a one-year, full-time course that combines core modules in economic theory, econometrics, and research methods with a range of optional modules that allow students to specialize in specific areas of interest. The program offers a rigorous academic curriculum that equips students with the skills and knowledge needed to analyze economic issues and conduct independent research.
-
Core Modules: The course includes core modules in microeconomics, macroeconomics, and econometrics. These modules provide students with a deep understanding of economic theory, including consumer behavior, firm optimization, market equilibrium, economic growth, inflation, and monetary policy. The econometrics modules focus on statistical techniques used in empirical economic analysis, enabling students to analyze real-world economic data.
-
Optional Modules: Students have the flexibility to choose from a wide range of optional modules that cater to their specific interests and career goals. These modules cover various areas such as international trade, financial economics, public economics, development economics, behavioral economics, and environmental economics. The optional modules allow students to deepen their knowledge in specific areas and tailor their degree according to their interests.
-
Quantitative Analysis: The MSc Economics program emphasizes quantitative analysis and equips students with advanced mathematical and statistical techniques used in economic research. Students learn how to apply these techniques to analyze economic data, build econometric models, and test economic theories. The program also provides training in software tools commonly used in economics research, such as Stata and MATLAB.
-
Research Methods and Dissertation: The course includes modules that develop students' research skills, including data collection, data analysis, and research design. Students also undertake a dissertation or research project under the supervision of a faculty member. This allows students to apply their knowledge and skills to conduct independent research on an economic topic of their choice, demonstrating their ability to contribute to the field.
-
Expert Faculty and Research Environment: Durham University boasts a renowned faculty of economists who are actively engaged in cutting-edge research. Students benefit from the expertise of these faculty members, who bring their research insights into the classroom. The university also fosters a vibrant research environment, with seminars, workshops, and conferences that expose students to the latest developments in economics.
-
Career Opportunities: Graduates of the MSc Economics program have excellent career prospects in various sectors. The program prepares students for roles in economic research, policy analysis, consulting, finance, and academia. Graduates may find employment in government agencies, international organizations, central banks, research institutes, financial institutions, and multinational corporations.
-
Networking and Alumni Connections: Durham University provides ample opportunities for students to network with professionals and alumni in the field of economics. The university organizes guest lectures, career fairs, and networking events that connect students with industry experts and potential employers. The strong alumni network also provides valuable connections and mentorship opportunities for career advancement.
Location
Durham-England
Score
IELTS: 6.5
Tuition Fee
£ 24500
- Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 60% to 70% or equivalent.
- English language proficiency is required, and applicants must provide evidence of their English language skills through an approved language test.
- IELTS: A minimum overall score of 6.5 with no individual component below 6.
- TOEFL: A minimum overall score of 92, with at least 23 in Listening, Reading, Speaking, and Writing.
- PTE Academic: A minimum overall score of 62 with no individual score below 59.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
Work experience: Some postgraduate courses may require relevant work experience in the field.
It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
Durham University offers a range of scholarships and bursaries to both domestic and international students.
- Durham University Scholarships and Bursaries: These are awarded to both undergraduate and postgraduate students based on academic excellence, financial need, or specific criteria such as subject area or country of origin.
- Durham International Scholarships: These are awarded to exceptional international students who are pursuing undergraduate or postgraduate studies at the university. The scholarship covers a portion of tuition fees and is renewable for the duration of the course.
- Government Scholarships: Durham University participates in a number of government scholarship programs, including the Chevening Scholarship and the Commonwealth Scholarship.
- College-Specific Scholarships: Some colleges at Durham University offer scholarships and bursaries to their students, such as the Van Mildert College Music Scholarship and the St. Mary's College Travel Grant.
- Departmental Scholarships: Some academic departments at Durham University offer scholarships specifically for international students. These scholarships may be discipline-specific or focused on supporting students from specific regions or countries.
- Vice-Chancellor's Scholarships: The Vice-Chancellor's Scholarships are prestigious scholarships awarded to exceptional international students across all academic disciplines. These scholarships cover the full tuition fees and provide a generous living allowance for the duration of the program. The selection process is highly competitive and based on academic merit and leadership potential.
Graduates of the Durham University MSc Economics program have a wide range of career opportunities in both the public and private sectors. Many graduates find work in government agencies, international organizations, consulting firms, financial institutions, and non-profit organizations. Some graduates also pursue further academic study, such as PhD programs in economics or related fields.
- Economic analyst: Working for government agencies, financial institutions or consulting firms, economists analyze data, create models, and provide recommendations to improve economic performance.
- Policy analyst: Analyzing the impact of policies and providing recommendations to government agencies or non-profit organizations on how to achieve their goals.
- Financial analyst: Analyzing financial data, evaluating investment opportunities, and creating financial reports for individuals or organizations.
- Data analyst: Collecting, analyzing, and interpreting large data sets to help organizations make informed decisions.
Salaries for economics graduates can vary depending on the specific role and industry.According to Payscale, the average salary for an economist in the UK is around £39,000 per year, while financial analysts can earn an average of £31,000 per year.The Durham University MSc Economics program provides graduates with the skills and knowledge needed to succeed in a variety of challenging and rewarding careers in economics and related fields.
