MSc Economics

1 Year On Campus Masters Program

University of Essex

Program Overview

The MSc Economics at the University of Essex offers rigorous training in economic theory, quantitative methods, and applied analysis—ideal for students aiming to work in finance, government, consultancy, or research. You’ll study how economies function and how data-driven decisions shape policy, markets, and institutions.

Curriculum Structure

Autumn Term
You’ll begin with Microeconomics and Macroeconomics, which provide a strong foundation in market behaviour, fiscal policy, and economic modelling. Alongside these, Econometric Methods introduces statistical techniques for analysing economic data, preparing you for more advanced empirical work.

Spring Term
In the second term, you’ll take Applied Econometrics, where you’ll work with real-world datasets to test economic theories and evaluate policy impacts. You’ll also study Economic Development Theory, exploring issues like poverty, inequality, and global growth. Optional modules such as Public Choice or International Trade allow you to tailor your learning to specific interests.

Summer Term
You’ll complete a supervised dissertation, applying your theoretical and empirical skills to a research question of your choice. This is your opportunity to produce original work—whether analysing labour markets, trade flows, or macroeconomic policy.

Focus areas: Microeconomics, macroeconomics, econometrics, development economics, policy analysis
Learning outcomes: Economic modelling, data analysis, policy evaluation, independent research
Professional alignment (accreditation): Delivered by Essex’s Department of Economics, internationally recognised for its strength in econometrics and applied economics
Reputation (employability rankings): 4th in the UK for research power in economics and econometrics (REF 2021); Top 25 in the UK for economics and econometrics (QS World University Rankings 2024)

Experiential Learning (Research, Projects, Internships etc.)

The MSc Economics at Essex is designed to give you hands-on experience with the tools and techniques used by professional economists. From working with real datasets to mastering econometric software, you’ll build practical skills that translate directly into the workplace. The program is delivered by Essex’s Department of Economics, internationally recognised for its strength in applied research and quantitative analysis.

Here’s how experiential learning is embedded in the program:

Software Training: Core modules like Econometric Methods and Applied Econometrics include practical training in STATA and R—industry-standard tools for economic modelling and data analysis.
Economics Computer Lab: A dedicated facility equipped with specialist software and technical support for econometrics and quantitative research.
Dissertation with Data Focus: Your final project involves independent research using real-world data, allowing you to explore topics like labour markets, trade, or macroeconomic policy.
Group-Based Assignments: Modules such as Economic Development Theory and Public Choice include collaborative projects that simulate policy analysis and economic decision-making.
Albert Sloman Library: Provides access to leading economics journals, datasets, and digital archives including JSTOR, EconLit, and OECD iLibrary.
Department Seminars and Guest Lectures: Regular events feature speakers from HM Treasury, the Bank of England, and top consultancies, offering insight into current economic practice and networking opportunities.

Progression & Future Opportunities

Graduates of the MSc Economics at Essex are equipped with the analytical, quantitative, and research skills needed to thrive in competitive sectors. Many go on to roles in government, finance, consultancy, and international organisations. Typical job titles include: economic analyst, policy advisor, financial consultant, and research economist.

Here’s how Essex supports your career journey:

Essex Career Services: Offers lifetime support including personalised career coaching, employer networking events, and access to exclusive job boards. Economics students also benefit from departmental workshops and alumni-led career panels.
Employment Outcomes: The Department of Economics ranks 4th in the UK for research power (REF 2021), and Essex graduates are known for their strong econometric and policy analysis skills.
Industry Connections: Regular seminars and guest lectures feature professionals from HM Treasury, the Bank of England, and leading economic consultancies, giving students direct exposure to applied economic work.
Long-Term Value: The MSc is delivered by a globally recognised department with a strong reputation in applied economics and econometrics, ensuring your qualification is respected across sectors and borders.
Graduate Outcomes: Students leave with a deep understanding of economic theory and data analysis, ready to contribute to evidence-based decision-making in both public and private sectors.

Further Academic Progression:
Graduates can continue their studies through Essex’s PhD in Economics, which offers advanced training in microeconomics, macroeconomics, and econometrics. The MSc also provides a strong foundation for interdisciplinary doctoral research in development, finance, or public policy.