MSc Economics

1 Year On Campus Masters Program

University of Nottingham

Program Overview

The MSc Economics offers rigorous training in economic theory and quantitative methods, ideal for students aiming to pursue careers in consultancy, finance, government, or academic research. It combines core analytical skills with applied modules that explore real-world policy and market challenges.

Curriculum Structure

Semester 1: Core Economic Foundations
Students begin with Microeconomic Theory and Macroeconomic Theory, which provide a deep understanding of individual decision-making, market structures, and aggregate economic behaviour. Econometric Theory introduces the statistical tools needed to analyse data and test economic hypotheses, laying the groundwork for empirical research.

Semester 2: Applied Analysis and Specialisation
In the second semester, students take Applied Econometrics, where they work with real-world datasets and learn advanced regression techniques. Electives such as Behavioural Economic Theory, Development Policy Analysis, and International Trade Theory allow students to tailor their learning to specific interests, from global trade to policy design.

Summer Term: Independent Research and Dissertation
The final phase is a 60-credit Economics Dissertation, where students conduct original research on a topic of their choice. Under expert supervision, they apply both theoretical and empirical tools to investigate issues such as labour markets, macroeconomic policy, or development economics.

Focus areas

Microeconomics, macroeconomics, econometrics, behavioural economics, development policy

Learning outcomes

Students graduate with the ability to apply advanced economic theory, conduct empirical research, and evaluate policy decisions using quantitative methods

Professional alignment (accreditation)

Delivered by the Nottingham School of Economics, the program aligns with professional standards in consultancy, financial services, and policy research

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 research in applied economics and econometrics

Experiential Learning (Research, Projects, Internships etc.)

Students in Nottingham’s MSc Economics develop practical expertise in economic modelling, policy evaluation, and quantitative research through applied coursework and access to specialist tools. The program is delivered by the School of Economics, which fosters a research-rich environment and offers facilities that support hands-on learning in both theoretical and applied economics.

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
Group-based coursework and presentations that simulate consultancy and policy advisory roles
Access to Hallward Library, which houses extensive economics and data science collections, plus dedicated postgraduate study zones
Participation in School of Economics research seminars, featuring guest speakers from government, think tanks, and industry
Affiliation with the Nottingham Centre for Research on Globalisation and Economic Policy (GEP), offering exposure to cutting-edge research and potential dissertation supervision
Dissertation supervision that supports independent research on topics such as labour markets, macroeconomic policy, or development economics

Progression & Future Opportunities

Graduates from Nottingham’s MSc Economics are equipped for high-impact roles in consultancy, finance, government, and research. Common career paths include economic consultant, financial analyst, policy advisor, and data economist — across think tanks, central banks, international organisations, and private firms. The program’s blend of theory and applied analysis ensures graduates are ready to tackle complex economic challenges.

Here’s how Nottingham supports your career journey:

The Careers and Employability Service offers tailored support for economics postgraduates, including one-on-one career coaching, employer networking events, and access to the Nottingham Advantage Award — a structured employability scheme that enhances your CV
According to the Graduate Outcomes Survey, 96.5% of Nottingham postgraduates are in employment or further study within 15 months, with strong salary prospects in consultancy and financial services
The Nottingham Centre for Research on Globalisation and Economic Policy (GEP) connects students to research and policy projects with organisations such as the World Bank, UK government departments, and leading economic consultancies
The program’s alignment with professional standards in economic analysis and policy evaluation ensures long-term career value across public and private sectors
Alumni have progressed to roles in central banks, economic think tanks, and doctoral programs at top universities

Further Academic Progression:
This MSc provides a strong foundation for PhD study in economics, econometrics, or public policy. Nottingham’s School of Economics offers doctoral opportunities through its research centres, and graduates are well-positioned for funded PhD programs in the UK and internationally.