MSc Experimental Economics

Durham City

 

INTAKE: September

Program Overview

The MSc Experimental Economics program at Durham University is a cutting-edge and specialized postgraduate degree designed for students interested in understanding economic behavior through controlled experiments. This program provides a unique opportunity to explore economic theories, test hypotheses, and gain insights into decision-making processes under controlled laboratory conditions. 

  1. Experimental Methodology: The program offers in-depth training in experimental design, implementation, and data analysis, providing students with the tools to conduct rigorous economic experiments.

  2. Microeconomic Theory: Students study microeconomic theories and models that form the basis for designing experiments and interpreting results.

  3. Game Theory: The program delves into game theory, examining strategic decision-making in competitive and cooperative settings.

  4. Behavioral Economics: Students explore the emerging field of behavioral economics, which combines insights from psychology and economics to understand human behavior.

  5. Laboratory Experiments: The program includes hands-on experience in conducting laboratory experiments, allowing students to apply theoretical concepts to real-world scenarios.

  6. Advanced Econometrics: Students gain proficiency in advanced econometric techniques used to analyze experimental data.

  7. Research Project: As part of the program, students undertake an independent research project, where they design and execute their own economic experiment.

Pollster Education

Location

Durham City

Pollster Education

Score

IELTS 6.5

Pollster Education

Tuition Fee

£ 23000

Postgraduate Entry Requirements:

  • 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.

  1. 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.
  2. 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.
  3. Government Scholarships: Durham University participates in a number of government scholarship programs, including the Chevening Scholarship and the Commonwealth Scholarship.
  4. 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.
  5. 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. 
  6. 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 MSc Experimental Economics program have diverse career opportunities in academia, research institutions, and the private sector. 

  1. Experimental Economist: Graduates can work as experimental economists, designing and conducting experiments to explore economic phenomena.

  2. Policy Analyst: Graduates may pursue roles as policy analysts, providing evidence-based insights to inform economic policies.

  3. Data Analyst: Graduates can work as data analysts, using their skills in econometrics to analyze economic data for businesses and research organizations.

  4. Research Scientist: Graduates may pursue research roles in academic institutions or think tanks, contributing to the advancement of experimental economics.

  5. Consultant: Graduates can become economic consultants, providing expertise in experimental design and data analysis to businesses and government agencies.

  6. PhD Studies: Many graduates choose to pursue further studies and academic research by enrolling in PhD programs in economics or related fields.


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