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MSc Experimental Economics
Durham City
INTAKE: September
Program Overview
The MSc in Experimental Economics at Durham University provides a specialized education in the application of experimental methods to economic research. This program focuses on analyzing human decision-making, market behavior, and policy evaluation using controlled experiments and empirical techniques. Students will gain a deep understanding of economic theories and how they can be tested through laboratory and field experiments. The program is ideal for those aspiring to work in economic research, data analysis, behavioral economics, public policy, and financial sectors, as well as those considering a PhD in economics.
Curriculum: The curriculum of the MSc in Experimental Economics is designed to equip students with both theoretical knowledge and practical skills in economic experimentation. Core modules typically include Microeconomic Theory, Behavioral Economics, Econometrics, and Experimental Design. Students learn how to design and implement economic experiments, collect and analyze data, and apply their findings to real-world economic problems. Elective modules offer specialization in areas such as game theory, decision sciences, market design, and applied behavioral economics. The program culminates in a dissertation project, where students conduct independent research using experimental methodologies.
Research Focus: Durham University is a leader in experimental and behavioral economics research, with faculty actively engaged in policy-relevant and industry-driven studies. The MSc program benefits from the university’s Centre for Experimental Economics (CEE), where students have access to state-of-the-art laboratory facilities and ongoing research projects. Areas of research include consumer behavior, market mechanisms, financial decision-making, public policy interventions, and social preferences. Students are encouraged to contribute to research publications and collaborate with faculty on cutting-edge projects that impact both academia and industry.
Industry Engagement: The MSc in Experimental Economics provides strong industry engagement opportunities, with links to financial institutions, governmental agencies, research organizations, and corporate firms. Durham’s partnerships with policy think tanks, behavioral science units, and consulting firms allow students to apply their experimental economics knowledge to real-world problems. Students have the opportunity to participate in workshops, internships, and networking events, where industry professionals share insights on the application of experimental methods in business strategy, public policy, and financial decision-making.
Global Perspective: Durham University ensures a global outlook in its MSc in Experimental Economics, preparing students to address economic challenges on an international scale. The program incorporates comparative studies of economic behaviors across cultures, cross-border economic experiments, and global policy analyses. Durham’s international collaborations with universities, research institutions, and policy organizations offer students the opportunity to engage in interdisciplinary research with a worldwide impact. Graduates of this program gain a strong analytical foundation, empirical research expertise, and a global perspective, making them valuable candidates for international careers in economics, research, and policy-making.
Location
Durham City
Score
IELTS 6.5
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.
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 MSc Experimental Economics program have diverse career opportunities in academia, research institutions, and the private sector.
Experimental Economist: Graduates can work as experimental economists, designing and conducting experiments to explore economic phenomena.
Policy Analyst: Graduates may pursue roles as policy analysts, providing evidence-based insights to inform economic policies.
Data Analyst: Graduates can work as data analysts, using their skills in econometrics to analyze economic data for businesses and research organizations.
Research Scientist: Graduates may pursue research roles in academic institutions or think tanks, contributing to the advancement of experimental economics.
Consultant: Graduates can become economic consultants, providing expertise in experimental design and data analysis to businesses and government agencies.
PhD Studies: Many graduates choose to pursue further studies and academic research by enrolling in PhD programs in economics or related fields.
