MSc Economics and Data Science

1 Year On Campus Masters Program

Newcastle University

Program Overview

Newcastle University's MSc in Economics and Data Science is designed for students who want to harness the power of data to solve real-world economic challenges. You’ll gain advanced skills in economic theory, quantitative methods, and data analysis — perfect for aspiring economists, policy analysts, or data scientists.

Curriculum Structure

Semester 1:
The program begins with a strong foundation in microeconomics, macroeconomics, and econometrics, equipping you to interpret and model economic behavior. You’ll study modules like Quantitative Methods for Economics, Mathematical Economics, and Econometrics, which develop your statistical reasoning and analytical precision. These are complemented by hands-on training in software tools such as R, Python, and Stata.

Semester 2:

You’ll deepen your expertise through advanced modules such as Text as Data, Machine Learning for Economists, and Applied Microeconometrics, learning to apply clustering algorithms, random forests, and other techniques to real datasets. Optional modules allow you to tailor your learning to interests in policy, finance, or behavioral economics.

Final term:
The program culminates in a dissertation where you’ll conduct independent research using real-world data. This capstone project demonstrates your ability to integrate theory, data science, and critical thinking — preparing you for high-impact roles across sectors.

Focus Areas

Economic theory, econometrics, machine learning, text-as-data, policy analysis, quantitative methods, data-driven decision-making

Learning Outcomes

Advanced proficiency in economic modeling, statistical inference, and data science tools; ability to extract insights from complex datasets; strong communication and problem-solving skills

Professional Alignment (Accreditation)

Newcastle University Business School holds triple accreditation from AACSB, EQUIS, and AMBA — a distinction held by only 1% of business schools worldwide

Reputation (Employability Rankings)

QS World University Rankings 2026: Top 140 globally
Times Higher Education Impact Rankings 2025: Top 25 in the UK for sustainable development

Experiential Learning (Research, Projects, Internships etc.)

This program is built for students who want to move beyond theory and apply their skills in real-world settings. From day one, you’ll work with industry-standard software like R, Python, and Stata, and explore how economic theory translates into data-driven decision-making. You’ll be taught by researchers who consult for global organizations, and you’ll have access to cutting-edge facilities at Newcastle University Business School — including a Bloomberg Lab and a dedicated Experimental and Behavioural Economics Lab.

You’ll also benefit from Newcastle’s Canvas virtual learning environment, which supports assignment submission, feedback, and collaboration. Toward the end of the program, you’ll complete a dissertation using real data, and you can even opt for a Postgraduate Semester Abroad at a European partner university — a unique chance to expand your global perspective and skillset.

Here’s how experiential learning comes to life in this program:

Advanced software training in R, Python, and Stata — tools widely used in government and business analytics
Bloomberg Lab with 20+ terminals simulating a real trading room floor
Experimental and Behavioural Economics Lab — a state-of-the-art facility for conducting economic psychology and experimental studies
Canvas VLE for interactive learning, assignment management, and collaboration
Dissertation project using real-world datasets to solve economic problems
Lectures by internationally recognized researchers who consult for top organizations
Postgraduate Semester Abroad at a European partner university after dissertation submission
Study pods, seminar rooms, and quiet spaces for group work and individual research
Access to Newcastle Helix, a 24-acre innovation district connecting academia, business, and community

Progression & Future Opportunities

This program is designed to launch careers at the intersection of economics and data science. You’ll graduate with advanced skills in econometrics, machine learning, and policy analysis — making you a strong candidate for roles in public policy, financial services, and tech. Employers value the program’s blend of theory and hands-on data work, and Newcastle’s triple-accredited Business School gives your degree global credibility.

Here’s how Newcastle supports your career progression:

Typical graduate roles: Data Analyst, Economic Consultant, Policy Advisor, Business Intelligence Specialist
Careers Service support: One-on-one career coaching, CV and interview workshops, and access to the Graduate Employment Directory showing real alumni outcomes
Industry partnerships: Newcastle Helix innovation district connects students with employers in urban planning, sustainability, and data science
Triple accreditation: Newcastle University Business School is accredited by AACSB, EQUIS, and AMBA — a mark of global excellence
Graduate Outcomes Survey: 94% of Newcastle postgraduates were in work or further study within 15 months of graduation
Salary potential: Economics and data science graduates typically earn £30,000–£45,000 in early career roles, with strong growth in consulting and tech

Further Academic Progression:
If you’re interested in continuing your studies, this MSc provides a strong foundation for a PhD in Economics, Data Science, or Public Policy. You’ll be well-prepared to pursue doctoral research at Newcastle or other top institutions, especially if you focus your dissertation on a policy-relevant or technical topic.