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The University of Edinburgh, a prestigious institution in the United Kingdom, offers a ...
MSc Mathematical Economics and Econometrics
Central Campus
INTAKE: September
Program Overview
The MSc in Mathematical Economics and Econometrics at the University of Edinburgh offers students an in-depth understanding of both the theoretical and applied aspects of economics. The program blends advanced mathematical techniques with econometric models, providing students with the quantitative and analytical skills required to address modern economic challenges. Students will gain a solid foundation in microeconomics, macroeconomics, and econometrics, with a strong emphasis on applying mathematical methods to economic modeling and empirical research. The program is designed for students seeking careers in economics research, policy analysis, financial services, and other sectors where strong quantitative skills are essential. Graduates will be equipped with the ability to tackle complex economic problems, analyze economic data, and contribute to decision-making processes in both public and private sectors.
Curriculum: The curriculum for the MSc in Mathematical Economics and Econometrics is structured to provide a comprehensive understanding of economic theory, quantitative analysis, and econometrics. Core modules include "Microeconomic Theory," "Macroeconomic Theory," "Econometrics," and "Mathematics for Economics," which cover the mathematical foundations of economics, economic modeling, and data analysis. These modules are designed to develop students' ability to apply advanced mathematical and statistical techniques to real-world economic issues. Additionally, students have the opportunity to choose elective modules in specialized areas such as financial economics, time series analysis, and applied econometrics. The program culminates in a dissertation or research project, allowing students to apply their knowledge to a specific area of economic analysis or econometric modeling, often involving real-world data.
Research Focus: The University of Edinburgh is known for its cutting-edge research in economics and econometrics, with faculty members engaged in pioneering work in areas such as financial economics, econometric modeling, and applied macroeconomics. The MSc in Mathematical Economics and Econometrics is closely aligned with the university’s research agenda, providing students with the opportunity to engage with the latest research and methodologies in the field. The program encourages students to apply econometric techniques to analyze economic data, test hypotheses, and develop new models of economic behavior. Research at the university focuses on addressing real-world economic challenges, including policy evaluation, financial market dynamics, and the impact of macroeconomic trends. Students benefit from exposure to this research, which enriches their learning experience and provides them with the tools to conduct independent, high-quality economic research.
Industry Engagement: The MSc in Mathematical Economics and Econometrics is designed to provide students with opportunities for industry engagement and practical application of their skills. The University of Edinburgh has strong connections with a wide range of industries, including finance, government, consulting, and research organizations. The program includes opportunities for internships, industry projects, and collaborations with external organizations, allowing students to gain hands-on experience and apply their academic learning to real-world economic problems. Industry experts are frequently invited to deliver guest lectures, offering students valuable insights into the latest trends and practices in economics and econometrics. Additionally, the university’s career services provide students with guidance on career development, helping them to connect with potential employers and navigate the competitive job market.
Global Perspective: The MSc in Mathematical Economics and Econometrics at the University of Edinburgh is designed to offer a global perspective on economics and econometrics. The program attracts students from all over the world, creating a diverse learning environment where students can share ideas, discuss global economic issues, and learn from different cultural perspectives. The university’s emphasis on international research and collaboration ensures that students are exposed to a broad range of economic theories, models, and data from around the world. The program also prepares students to work in global economic contexts, equipping them with the quantitative and analytical skills needed to tackle economic problems on an international scale. Graduates of the program are well-positioned to work in global economic organizations, multinational corporations, and government agencies, where they can contribute to economic policy analysis and decision-making on a global scale.
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.
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.
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.
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.
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.
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.
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.
