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MSc Economics
Western Bank
INTAKE: September
Program Overview
The MSc Economics at the University of Sheffield is a postgraduate program aimed at providing students with a thorough understanding of economics, with a focus on both theoretical frameworks and their real-world applications. The program equips students with advanced skills in economic analysis, quantitative methods, and data interpretation, ensuring they are well-prepared for roles in public and private sectors. Students can tailor their learning experience by choosing from a range of optional modules that align with their personal and professional interests. The program culminates in a dissertation project, where students have the opportunity to apply their knowledge to an area of economics that interests them. This flexibility, along with the high quality of teaching, ensures that graduates of the program are well-prepared for the competitive job market.
Curriculum: The curriculum for the MSc Economics program at the University of Sheffield is structured to provide both core knowledge and specialized skills in economic theory, econometrics, and quantitative analysis. Core modules include Advanced Microeconomics, Advanced Macroeconomics, and Econometrics, providing students with the necessary tools to analyze economic problems at a deep and sophisticated level. Students can also choose from a range of elective modules such as International Trade, Development Economics, Behavioral Economics, and Financial Economics, allowing them to specialize in areas that align with their career goals. The program places a strong emphasis on practical data analysis, with students learning how to use econometric software to solve real-world economic problems. The final dissertation allows students to engage in independent research, applying their learning to a specific area of economics.
Research Focus: The research focus of the MSc Economics program at the University of Sheffield is centered around key areas of economic analysis and policy. The program draws on the expertise of faculty members who specialize in various fields such as macroeconomics, microeconomics, development economics, financial economics, and environmental economics. Students are encouraged to engage with ongoing research and contribute to the development of new economic models and theories. The program provides a strong foundation in both theoretical and applied research, ensuring that graduates are equipped with the skills necessary to conduct high-quality economic analysis in both academic and professional settings. The university’s focus on research excellence ensures that students are exposed to the latest trends in economic thinking, providing them with the tools to address contemporary global challenges.
Industry Engagement: The MSc Economics program at the University of Sheffield emphasizes strong industry engagement, providing students with opportunities to connect with professionals and gain hands-on experience in the field. The university has established strong links with government agencies, international organizations, think tanks, and private sector firms, offering students the chance to work on industry-sponsored projects, internships, and consultancy assignments. Through partnerships with key economic research institutions and policy organizations, students are able to apply theoretical knowledge to real-world challenges, gaining valuable insights into the practical applications of economics. Additionally, the program features guest lectures, seminars, and networking opportunities with industry leaders, giving students a deeper understanding of current economic issues and trends.
Global Perspective: The MSc Economics program at the University of Sheffield provides a global perspective on economic issues, preparing students to tackle the challenges of a rapidly changing global economy. The program incorporates a wide range of international case studies, examining the economic implications of globalization, international trade, financial markets, and development. Students are encouraged to consider how economic policies and strategies affect different regions of the world, and the program emphasizes the importance of understanding global economic interdependence. The university’s international research collaborations and partnerships with institutions across the globe further enrich the global perspective of the program. This international focus ensures that graduates are well-prepared to work in global organizations, multinational corporations, or government agencies addressing international economic challenges.
Location
Western Bank
Score
IELTS 6.5
Tuition Fee
£ 26350
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%-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 88, with at least 19 in Listening, 20 in Reading, 22 in Speaking, and 19 in Writing.
- PTE Academic: A minimum overall score of 61 with no individual score below 56.
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.
Postgraduate students may be eligible for the following scholarships:
Postgraduate Taught Merit Scholarship: This scholarship is available to UK, EU, and international students who have a conditional or unconditional offer to study a full-time or part-time postgraduate taught course at the University of Sheffield. The scholarship is worth 50% of the tuition fee for each year of study.
International Merit Postgraduate Taught Scholarship: This scholarship is available to international students who have a conditional or unconditional offer to study a full-time postgraduate taught course at the University of Sheffield. The scholarship is worth 50% of the tuition fee for each year of study.
Commonwealth Shared Scholarship Scheme: This scholarship is available to students from eligible developing Commonwealth countries who have a conditional or unconditional offer to study a full-time postgraduate taught course at the University of Sheffield. The scholarship covers the full tuition fee, airfare to and from the UK, and a monthly stipend.
Graduates of the MSc Economics program have diverse and promising career prospects in various sectors.
Economist: Graduates can pursue roles as economists in government agencies, international organizations, research institutions, and private companies, conducting economic analysis and forecasting.
Financial Analyst: With expertise in financial economics, graduates can work as financial analysts, providing insights into investment opportunities and economic trends.
Policy Advisor: Graduates can explore careers as policy advisors, contributing to economic policy formulation and evaluation in governmental and non-governmental organizations.
Data Analyst: The program equips students with strong analytical skills, making them valuable assets in data analysis roles in various industries.
Academic and Research Roles: Some students may choose to pursue further studies or academic careers, contributing to economic research and teaching in universities and research institutions.
