MSc Economics

1 Year On Campus Masters Program

University of Manchester

Program Overview

The MSc Economics at the University of Manchester is a rigorous, research-led master’s designed for students with a strong background in economics or quantitative disciplines. It’s ideal for those aiming to deepen their expertise in economic theory and econometrics, preparing for careers in research, policy, or doctoral study.

Curriculum Structure

Semester 1
Students begin with advanced theoretical foundations and quantitative techniques. Microeconomic Theory explores strategic behaviour, market efficiency, and general equilibrium, while Macroeconomic Theory covers dynamic models of growth, inflation, and monetary policy. Econometric Methods introduces core statistical tools for empirical analysis, including regression techniques and hypothesis testing.

Semester 2
The second semester focuses on applied analysis and specialisation. Students choose from optional units such as Development Economics, Financial Economics, or Labour Economics, allowing them to tailor their learning to career goals. Applied Econometrics builds on earlier methods, teaching students to handle real-world datasets using software like Stata and R.

Summer
Students complete a supervised dissertation, applying theoretical and empirical tools to a focused economic question. This independent research project demonstrates their ability to contribute to academic and policy debates with rigour and originality.

Focus areas: Microeconomic theory, macroeconomic theory, econometrics, applied economics, quantitative methods
Learning outcomes: Students will be able to critically analyse economic models, apply econometric techniques to real-world data, and conduct independent research using advanced theoretical and empirical tools
Professional alignment (accreditation): Delivered by the Department of Economics within the School of Social Sciences, a globally recognised centre for economic research and policy engagement
Reputation (employability rankings): Ranked 7th in the UK for Economics and Econometrics (QS World University Rankings by Subject 2025)

Experiential Learning (Research, Projects, Internships etc.)

Students in the MSc Economics program at the University of Manchester gain advanced practical skills that mirror the demands of professional economists working in policy, finance, and research. The program blends rigorous theory with hands-on experience, supported by specialist software, collaborative projects, and access to one of the UK’s most comprehensive academic infrastructures. Delivered by the Department of Economics, it’s designed to prepare students for high-level analytical roles and doctoral study.

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

Specialised software: Students work extensively with Stata and R, applying econometric techniques to real-world datasets in modules like Applied Econometrics and Econometric Methods.
Group projects and presentations: Optional units such as Development Economics and Labour Economics include collaborative assignments that simulate policy evaluation and economic reporting.
Dissertation support: Students receive personalised supervision and access to extensive data resources, enabling them to conduct independent research on a topic of their choice.
University of Manchester Library: One of the UK’s largest academic libraries, offering extensive economics collections, digital databases, and quiet study zones.
Digital learning tools: All course materials, submissions, and feedback are managed via Blackboard, with integrated platforms for collaboration and discussion.
Access to research centres: Students benefit from seminars and events hosted by the Centre for Growth and Business Cycle Research and the Manchester Institute of Innovation Research.

Progression & Future Opportunities

Graduates of the MSc Economics at the University of Manchester are highly sought after for roles requiring advanced analytical and quantitative expertise. Many go on to work in central banks, government departments, international organisations, and economic consultancies. Typical job roles include: research economist, policy analyst, financial modeller, and data scientist.

Here’s how the university supports your future progression:

Careers Service: Offers tailored support for postgraduates, including one-to-one career coaching, employer networking events, and access to exclusive job boards focused on economics and finance.
Graduate employment: 85% of postgraduates from the School of Social Sciences are in work or further study within 15 months of graduation (Graduate Outcomes Survey).
Industry partnerships: The Department of Economics maintains strong links with HM Treasury, the Bank of England, and the Centre for Growth and Business Cycle Research, giving students exposure to real-world policy and research environments.
Accreditation value: As part of a Russell Group university, the MSc Economics carries long-term credibility with employers and academic institutions worldwide.
Graduate destinations: Alumni have progressed to roles in national governments, international development agencies, private sector firms, and doctoral research.

Further Academic Progression:
Students who wish to continue their studies can pursue a PhD in Economics or related fields at Manchester or other leading institutions. The MSc provides a robust foundation in economic theory, quantitative methods, and research design, making it an ideal launchpad for advanced academic work.