MSc Economics Two year programme

22 Months On Campus Masters Program

London School of Economics and Political Science

Program Overview

LSE’s MSc Economics (Two-Year Programme) is designed for students with a solid quantitative background but limited formal economics training. Year 1 builds essential foundations in economic theory and methods, while Year 2 delivers the full MSc Economics curriculum, preparing students for careers or doctoral study.

Curriculum Structure

Year 1 – Foundational Training
In the first year, students develop core competencies in economic reasoning and quantitative analysis. Modules such as Microeconomic Principles, Macroeconomic Principles, and Quantitative Methods introduce key concepts in consumer theory, market dynamics, and statistical modelling. The Introductory Course in Mathematics and Statistics in August ensures readiness for graduate-level coursework.

Year 2 – Advanced MSc Economics
Students transition into the standard MSc Economics curriculum, joining peers in advanced modules like Microeconomics, Macroeconomics, and Econometrics. These courses cover game theory, dynamic macro models, and time-series analysis. The year concludes with a Research Paper in Economics, where students apply theoretical and empirical tools to a topic of their choice.

Focus areas

Microeconomics, Macroeconomics, Econometrics, Quantitative Methods, Economic Policy

Learning outcomes

Students will master core economic theory, apply econometric techniques to real-world data, and develop the analytical skills needed for policy, research, or doctoral study.

Professional alignment (accreditation)

Delivered by LSE’s globally recognised Department of Economics, the program is not professionally accredited but is highly respected by employers and academic institutions worldwide.

Reputation (employability rankings)

LSE ranks #6 globally for Economics & Econometrics (QS World University Rankings 2025) and consistently leads UK graduate employability rankings in economics.

Experiential Learning (Research, Projects, Internships etc.)

Students gain hands-on experience through rigorous quantitative training, collaborative coursework, and independent research. The program is structured to build practical skills from the ground up, starting with foundational methods and progressing to advanced econometric analysis and policy evaluation. LSE’s facilities, software, and research centres provide a rich environment for applied learning and academic exploration.

Here’s how the program supports experiential learning throughout both years:

Introductory Course in Mathematics and Statistics: Delivered in August before Year 1 begins, this intensive module ensures students are equipped with the technical skills needed for graduate-level economics
Software Training: Students use Stata and R for econometric modelling and data analysis, with integrated support in Quantitative Methods and Econometrics modules
Group Work: Collaborative problem sets and econometrics labs encourage peer learning and teamwork, especially in Microeconomic Principles and Econometrics I & II
Research Paper in Economics: Completed in Year 2, this supervised project allows students to investigate a topic using real-world data and advanced methods
LSE Library: One of Europe’s largest social science libraries, offering access to specialised economics databases, working papers, and digital archives
Digital Learning Environment: All students use Moodle for interactive course materials, discussion forums, and assignment submission
Departmental Seminars: Weekly seminars hosted by the Department of Economics expose students to cutting-edge research and policy debates
Research Centres: Students benefit from proximity to the Centre for Economic Performance and STICERD, which host workshops, lectures, and research opportunities
Career Services: LSE Careers offers tailored support including employer panels, internship listings, and sector-specific guidance for economics students

Progression & Future Opportunities

Graduates of this two-year pathway emerge with a rare combination of foundational breadth and advanced technical depth, making them highly competitive across sectors. Typical roles include Economic Analyst, Policy Advisor, Quantitative Researcher, and Consultant in Economic Strategy. Many also go on to doctoral study at top institutions.

Here’s how LSE supports your future beyond the classroom:

Career Services: LSE Careers provides tailored support including one-on-one guidance, employer networking events, and exclusive job boards for economics graduates
Graduate Outcomes: 91% of MSc Economics graduates were employed or pursuing further study within 15 months (Graduate Outcomes Survey)
Salary Figures: The median salary for LSE MSc Economics graduates is among the highest in the UK for economics master’s programs — often exceeding £45,000 within the first year
Industry Partnerships: Strong links with institutions like the Bank of England, OECD, World Bank, and McKinsey & Company provide students with exposure to real-world policy and consulting environments
Long-Term Value: The LSE Economics brand is globally recognised, offering long-term credibility for career advancement and international mobility
Alumni Network: Graduates join a powerful global network of economists, policymakers, and business leaders

Further Academic Progression:
Graduates of the two-year MSc Economics are well-prepared for PhD programs at LSE and other leading universities worldwide. The program’s structure — combining foundational training with advanced coursework and research — makes it an ideal launchpad for doctoral study in economics, finance, or public policy.