MSc Development Economics

1 Year On Campus Masters Program

University of Nottingham

Program Overview

The MSc Development Economics at Nottingham equips students with the analytical tools and empirical skills to understand and address global development challenges. It’s ideal for those aiming to work in international organisations, government, NGOs, or research, with a curriculum that blends economic theory, policy analysis, and applied econometrics.

Curriculum Structure

Semester 1: Core Foundations in Development Economics
Students begin with Economic Development Policy, which explores key issues such as poverty, inequality, and institutional reform across developing economies. Microeconomic Theory provides a rigorous foundation in individual and market behaviour, while Econometric Theory introduces statistical techniques essential for analysing development data and evaluating policy interventions.

Semester 2: Applied Analysis and Specialisation
In the second semester, students deepen their expertise through Development Policy Analysis, which focuses on designing and assessing development strategies. Applied Econometrics builds practical skills in data handling and regression analysis using real-world datasets. Students also choose from electives such as International Trade Theory or Environmental and Resource Economics to tailor their learning to specific interests.

Summer Term: Independent Research and Dissertation
The final phase is a 60-credit Development Economics Dissertation, where students conduct original research on a development issue of their choice. Under expert supervision, they apply theoretical and empirical tools to investigate topics such as education, health, trade, or labour markets in developing countries.

Focus areas

Development economics, policy analysis, econometrics, international trade, poverty and inequality

Learning outcomes

Students graduate with the ability to critically evaluate development policies, conduct empirical research, and apply economic theory to solve global challenges

Professional alignment (accreditation)

Delivered by the Nottingham School of Economics, a global leader in development and policy research, the program aligns with professional standards in government, NGOs, and international institutions

Reputation (employability rankings)

The University of Nottingham ranks in the top 100 globally (QS World University Rankings 2025) and is a founding member of the Russell Group. The School of Economics is internationally recognised for its work in development economics, with alumni working at the World Bank, UNDP, and national governments

Experiential Learning (Research, Projects, Internships etc.)

Students in Nottingham’s MSc Development Economics gain practical skills in policy evaluation, econometric analysis, and development strategy through applied coursework and access to specialist facilities. The program is delivered by the School of Economics, which is internationally recognised for its research in development and public policy, and offers students direct exposure to real-world datasets, analytical software, and collaborative research environments.

Here’s how the program brings theory into practice:

Training in econometric software such as Stata and EViews, embedded in modules like Applied Econometrics and Econometric Theory
Hands-on policy analysis using real-world datasets from international organisations, especially in Development Policy Analysis and the dissertation project
Group-based coursework and presentations that simulate advisory roles and encourage collaborative problem-solving
Access to Hallward Library, which houses extensive development economics collections and offers dedicated postgraduate study zones
Participation in School of Economics research seminars, where students engage with visiting academics, policy experts, and development practitioners
Affiliation with the Nottingham Centre for Research on Globalisation and Economic Policy (GEP), offering exposure to cutting-edge research and potential dissertation supervision

Progression & Future Opportunities

Graduates from Nottingham’s MSc Development Economics are well-prepared for impactful careers in international development, policy research, and economic consultancy. Common roles include development economist, policy analyst, research officer, and programme advisor — often within governments, NGOs, or global institutions. The program’s strong emphasis on applied skills and policy relevance ensures graduates are ready to contribute from day one.

Here’s how Nottingham supports your career journey:

Careers and Employability Service offers tailored support for economics postgraduates, including career coaching, employer networking events, and access to the Nottingham Advantage Award — a unique employability scheme that enhances your CV
Graduate Outcomes Survey reports that 96.5% of Nottingham postgraduates are in employment or further study within 15 months, with competitive salaries across development and policy sectors
Industry partnerships through the Nottingham Centre for Research on Globalisation and Economic Policy (GEP) connect students to research and policy projects with organisations like the World Bank, UNDP, and UK government departments
Long-term value of training in econometrics, policy analysis, and development strategy ensures graduates are equipped for both public and private sector roles
Alumni destinations include national governments, international NGOs, and global institutions — many in roles that influence development policy and economic reform

Further Academic Progression:
This MSc is an excellent foundation for PhD study in development economics, public policy, or international relations. Nottingham’s School of Economics offers doctoral opportunities through GEP and other research centres, and graduates are well-positioned for funded research programs in the UK and abroad.