BSc Acoustics and Music Technology
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MSc Mathematical Economics and Econometrics
Central Campus
INTAKE: September
Program Overview
The MSc Mathematical Economics and Econometrics program at The University of Edinburgh provides students with a rigorous and advanced education in economic theory, quantitative methods, and econometric techniques. This interdisciplinary program combines principles from mathematics, economics, and statistics to equip students with the analytical tools and skills needed to analyze economic phenomena, forecast economic trends, and conduct empirical research in economics. Students delve into topics such as microeconomic theory, macroeconomic analysis, econometric modeling, time series analysis, and mathematical optimization, gaining a deep understanding of the theoretical foundations and practical applications of economic analysis. Through a combination of coursework, independent study, and research projects, students develop critical thinking abilities, quantitative reasoning skills, and data analysis proficiency, preparing them for careers in academia, research institutions, government agencies, or private sector industries such as banking, finance, and consulting.
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Advanced Economic Theory: The program covers advanced topics in economic theory, including consumer theory, producer theory, general equilibrium analysis, game theory, and welfare economics. Students develop a solid theoretical foundation in microeconomic and macroeconomic principles, enabling them to analyze economic behavior, market outcomes, and policy interventions using mathematical and analytical techniques.
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Quantitative Methods in Economics: Students learn a variety of quantitative methods used in economic analysis, such as mathematical modeling, optimization theory, and statistical inference. They acquire skills in formulating economic models, solving mathematical equations, and interpreting quantitative results, enhancing their ability to analyze complex economic problems and derive meaningful insights from data.
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Econometric Techniques: The program provides a comprehensive overview of econometric techniques for empirical analysis in economics. Students learn how to specify econometric models, estimate model parameters, and evaluate model performance using statistical software such as R, Python, or Stata. They acquire skills in time series analysis, panel data analysis, instrumental variables estimation, and causal inference, enabling them to conduct rigorous empirical research and analyze real-world economic data.
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Research Methods and Applied Projects: Students gain practical experience in conducting independent research and applied projects in economics. They learn research methods, literature review techniques, and data collection strategies, culminating in the completion of a master's dissertation or research project. Through hands-on research experience, students develop critical thinking skills, problem-solving abilities, and written communication skills, preparing them for careers in academic research, policy analysis, or applied economics roles.
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Industry-Relevant Skills and Career Development: The program equips students with industry-relevant skills and career development support to enhance their employability in various sectors. Students receive training in data analysis, programming, and statistical software applications, as well as opportunities for internships, networking events, and guest lectures from industry professionals. The university's career services provide guidance on job search strategies, interview preparation, and professional development, helping students transition to successful careers in academia, research, or industry upon graduation.
Location
Central Campus
Score
IELTS: 7
Tuition Fee
£ 28800
Postgraduate entry requirements:
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Academic Qualifications: Prospective postgraduate applicants to the University of Edinburgh are typically required to have achieved a minimum academic qualification of approximately 60%, based on their previous academic achievements and qualifications.
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English Language Proficiency:
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IELTS (International English Language Testing System): Minimum overall score of 7.0, with at least 6.0 in each component (Listening, Reading, Speaking, Writing).
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TOEFL (Test of English as a Foreign Language): Minimum score of 100 on the internet-based test (iBT), with at least 20 in each component (Reading, Listening, Speaking, Writing).
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PTE (Pearson Test of English): Minimum overall score of 70, with at least 59 in each component (Listening, Reading, Speaking, Writing).
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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.
The University of Edinburgh offers a range of scholarships and funding opportunities specifically designed to support international students pursuing undergraduate, postgraduate, and research programs. These scholarships aim to promote diversity, academic excellence, and global engagement.
Global Scholarships: The University of Edinburgh offers Global Scholarships to outstanding international undergraduate students. These scholarships provide financial assistance towards tuition fees and living expenses, enabling talented students from around the world to access quality education at Edinburgh.
Edinburgh Global Undergraduate Scholarships: These scholarships are available to overseas undergraduate students applying for full-time programs at the university. The scholarships cover a portion of the tuition fees for the duration of the undergraduate program.
Edinburgh Global Research Scholarships: International postgraduate students pursuing research-based programs (Ph.D., MSc by Research) can apply for Edinburgh Global Research Scholarships. These scholarships provide full or partial funding for tuition fees and living expenses during the research program.
School-specific Scholarships: Some academic schools and departments within the university offer scholarships targeting international students in specific disciplines or programs. These scholarships may be merit-based or need-based and vary in terms of eligibility criteria and funding amounts.
Commonwealth Scholarships: The University of Edinburgh participates in various Commonwealth scholarship schemes, providing opportunities for students from Commonwealth countries to study in the UK. These scholarships are funded by the UK government and other organizations.
External Funding Sources: International students are encouraged to explore external funding sources, such as government scholarships, private organizations, and international foundations, to support their studies at the University of Edinburgh.
It is important to note that scholarship availability, criteria, and application deadlines may change from year to year.
Graduates of the MSc Mathematical Economics and Econometrics program at The University of Edinburgh are equipped with a strong foundation in economic theory, quantitative methods, and econometric techniques, positioning them for diverse and rewarding career opportunities in academia, research institutions, government agencies, and private sector industries. With their analytical skills, mathematical proficiency, and empirical research experience, graduates are well-prepared to contribute to economic analysis, policy evaluation, financial modeling, and data-driven decision-making.
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Economist/Research Analyst: Graduates may pursue careers as economists or research analysts in government agencies, central banks, international organizations, or research institutions. They conduct economic research, analyze economic data, and provide insights on economic trends, policy implications, and market developments. Their expertise in economic theory, quantitative methods, and econometric modeling enables them to contribute to policy formulation, program evaluation, and economic forecasting efforts.
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Financial Analyst/Quantitative Analyst: Graduates can work as financial analysts or quantitative analysts in banking, finance, investment management, or insurance companies. They analyze financial markets, evaluate investment opportunities, and develop quantitative models to assess risk and return. Their proficiency in mathematical modeling, statistical analysis, and financial econometrics qualifies them to work in areas such as asset pricing, portfolio management, risk management, and algorithmic trading.
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Data Scientist/Data Analyst: Graduates with strong quantitative and analytical skills can pursue careers as data scientists or data analysts in industries such as technology, consulting, or e-commerce. They analyze large datasets, build predictive models, and extract actionable insights to inform business decisions and strategy. Their expertise in econometrics, statistical analysis, and programming languages such as Python or R enables them to leverage data-driven approaches to solve complex business problems.
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Policy Analyst/Consultant: Graduates may work as policy analysts or consultants for government agencies, think tanks, or consulting firms, advising on economic policy issues and conducting policy evaluations. They assess the impact of policy interventions, analyze economic trends, and provide recommendations to policymakers on a wide range of issues such as fiscal policy, monetary policy, healthcare policy, and environmental policy. Their analytical skills, research abilities, and communication skills make them valuable contributors to policy analysis and decision-making processes.
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Academic Researcher/PhD Candidate: Graduates interested in pursuing academic or research careers may choose to pursue further studies as PhD candidates or academic researchers in economics, finance, or related fields. They can pursue doctoral research in universities or research institutions, conducting original research, publishing academic papers, and contributing to advancements in economic theory, econometric methods, or applied economics. Their rigorous training in research methods, quantitative analysis, and economic modeling prepares them for success in academic research and teaching roles.
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Business Analyst/Strategy Consultant: Graduates may work as business analysts or strategy consultants for management consulting firms, helping companies analyze market trends, assess competitive landscapes, and develop strategic plans. They use their analytical skills and economic insights to identify business opportunities, evaluate market entry strategies, and optimize business operations. Their ability to apply economic principles to real-world business challenges makes them valuable assets in strategy consulting and corporate decision-making.
