MSc Economics: Development Economics

1 Years On Campus Masters Program

University of Exeter

Program Overview

This MSc is designed for students who want to master economic theory while focusing on the challenges of global development. It suits graduates from economics or related disciplines who are passionate about poverty reduction, policy reform, and sustainable growth in emerging economies.

Curriculum Structure

Semester 1 – Core Economic Foundations
Students begin with Microeconomics, Macroeconomics, and Econometrics, building a strong foundation in economic theory and quantitative analysis. These modules develop the ability to model individual and market behaviour, understand macroeconomic policy, and work with real-world data using statistical tools.

Semester 2 – Development Focus and Applied Economics
This semester allows students to specialise through modules such as Development Economics, Behavioural Economics, and Economics of Banking. Students explore the economic dimensions of poverty, inequality, and institutional reform, while learning how behavioural insights and financial systems shape development outcomes.

Summer Term – Dissertation
Students complete an independent research dissertation under expert supervision, applying theoretical and empirical methods to a development-focused topic. This final project showcases their ability to conduct rigorous economic analysis and communicate findings effectively.

Focus areas

Development economics, microeconomics, macroeconomics, econometrics, behavioural economics, financial systems, poverty and inequality.

Learning outcomes

Graduates will be able to apply economic theory to development challenges, analyse complex datasets, evaluate policy interventions, and communicate insights clearly.

Professional alignment (accreditation)

Delivered by the University of Exeter Business School, which holds EQUIS and AMBA accreditation — recognised globally for academic and professional excellence.

Reputation (employability rankings)

The University of Exeter ranks in the UK Top 15 for Economics (Complete University Guide 2024), and 95% of postgraduates are in work or further study within 15 months. The Business School’s strong industry links and research-led teaching enhance graduate outcomes.

Experiential Learning (Research, Projects, Internships etc.)

This program is designed to help students apply economic theory to real-world development challenges using advanced tools and collaborative learning. From econometric modelling to independent research, students work with specialist software and datasets in a research-intensive environment. The University of Exeter Business School provides access to cutting-edge facilities, digital platforms, and expert-led workshops that mirror professional practice.

Here’s how students gain practical experience throughout the year:

Econometrics and Applied Modules: Students use software such as Stata and R to analyse development data and conduct policy simulations.
Independent Dissertation: A supervised research project focused on development economics, often using live datasets from global institutions.
Group Work and Case-Based Learning: Modules include collaborative tasks that simulate policy analysis and development strategy planning.
Access to Bloomberg Terminals: Students can explore financial markets and macroeconomic indicators relevant to emerging economies.
Specialist Library Resources: Full access to Exeter’s digital databases including JSTOR, EconLit, and World Bank datasets, plus support from subject librarians.
Workshops and Guest Lectures: Delivered by academic researchers and development professionals, covering topics like poverty reduction, institutional reform, and global policy.
Research Centres: Opportunities to engage with the Centre for Economic Research and Institute for Data Science and Artificial Intelligence through seminars and events.

Progression & Future Opportunities

Graduates from this program are equipped to work in international development, policy analysis, and economic consultancy across public, private, and NGO sectors. Many go on to roles in global institutions, government agencies, and research organisations. Typical job titles include: Development Economist, Policy Advisor, Economic Consultant, and Research Analyst.

Here’s how Exeter supports your career journey:

Career Zone Services: Students benefit from tailored support including career coaching, employer events, CV and interview workshops, and access to the Handshake platform for internships and graduate roles.
Graduate Outcomes: 95% of University of Exeter postgraduates are in work or further study within 15 months of graduation.
Salary Figures: Economics graduates from Russell Group universities report average starting salaries of £30,000–£35,000, with strong progression in consultancy and development roles.
Industry Partnerships: The Business School collaborates with organisations such as the World Bank, Bank of England, and PwC through guest lectures, research seminars, and alumni networks.
Accreditation Value: Delivered by the EQUIS- and AMBA-accredited University of Exeter Business School — a global benchmark of excellence recognised by employers.
Graduate Destinations: Alumni work in institutions like the UK Civil Service, European Central Bank, Deloitte, and international development agencies.

Further Academic Progression:
Students who wish to continue their academic journey can pursue a PhD in Development Economics, Public Policy, or Global Studies. The University of Exeter offers doctoral research opportunities through its Business School and affiliated research centres such as the Centre for Economic Research and the Institute for Data Science and Artificial Intelligence.