MSc Economic Development and Policy Analysis

1 Year On Campus Masters Program

University of Nottingham

Program Overview

The MSc Economic Development and Policy Analysis at Nottingham equips students to tackle global development challenges through rigorous economic analysis and policy evaluation. It’s ideal for aspiring development economists, policy advisors, and researchers who want to understand how economic theory translates into real-world impact.

Curriculum Structure

Semester 1: Core Foundations in Development and Policy
Students begin with Economic Development Policy, which explores key issues like poverty, inequality, and institutional reform across low- and middle-income countries. Microeconomic Theory provides the analytical tools to understand individual and market behaviour, while Econometric Theory introduces statistical techniques essential for policy evaluation and impact assessment.

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 interventions. Applied Econometrics builds practical skills in data 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 Economic Development 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 like education policy, trade impacts, or health economics — often using data from international organisations or field studies.

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 Economic Development and Policy Analysis gain practical skills in policy evaluation, data analysis, and development strategy through applied coursework, research-led teaching, and access to specialist facilities. The program is delivered by the School of Economics, which is internationally recognised for its work in development and public policy, and offers students direct exposure to real-world datasets, econometric 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 policy advisory roles and encourage collaborative problem-solving.
Access to Hallward Library, which houses extensive development economics collections and offers dedicated postgraduate study zones.
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 Economic Development and Policy Analysis 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.