MSc Economics and Econometrics

1 Year On Campus Masters Program

University of Nottingham

Program Overview

The MSc Economics and Econometrics is designed for students who want to master advanced economic theory and quantitative methods, with a strong emphasis on data analysis and applied research. It suits those aiming for careers in economic consultancy, financial analysis, policy research, or doctoral study, offering rigorous training in both theoretical and empirical economics.

Curriculum Structure

Semester 1: Core Economic and Quantitative Foundations
Students begin with Microeconomic Theory and Macroeconomic Theory, which provide a solid grounding in individual decision-making, market dynamics, and aggregate economic behaviour. Alongside these, Econometric Theory introduces the statistical foundations needed to analyse economic data and test hypotheses.

Semester 2: Applied Econometrics and Specialisation
In the second semester, students take Applied Econometrics, where they learn to work with real-world datasets using advanced regression techniques and software tools. Electives such as Time Series Econometrics and Development Policy Analysis allow students to tailor their learning to specific interests, whether in forecasting, policy evaluation, or global development.

Summer Term: Independent Research and Dissertation
The final phase is a 60-credit Economics and Econometrics 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, financial systems, or macroeconomic policy.

Focus areas

Microeconomics, macroeconomics, econometric theory, applied econometrics, time series analysis

Learning outcomes

Students graduate with the ability to apply advanced economic theory, conduct empirical research, and use econometric tools to solve complex policy and business problems

Professional alignment (accreditation)

Delivered by the Nottingham School of Economics, the program aligns with professional standards in economic 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 econometrics and applied economics

Experiential Learning (Research, Projects, Internships etc.)

Students in Nottingham’s MSc Economics and Econometrics develop advanced analytical and research skills through hands-on training in econometric modelling, data analysis, and independent inquiry. The program is delivered by the School of Economics, which offers access to specialist software, research seminars, and collaborative learning environments that mirror professional practice.

Here’s how the program brings theory into practice:

Training in econometric software such as Stata and EViews, integrated into 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 academia, government, 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 project supported by one-on-one academic supervision, allowing students to apply econometric tools to real-world economic questions

Progression & Future Opportunities

Graduates from Nottingham’s MSc Economics and Econometrics are highly sought after for roles that demand advanced analytical and quantitative skills. Typical career paths include economic consultant, financial analyst, policy advisor, and data economist — across sectors such as finance, government, international organisations, and research. The program’s rigorous training in theory and econometrics ensures graduates are well-prepared for both professional and academic advancement.

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, finance, and policy sectors
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 think tanks
The program’s alignment with professional standards in economic analysis and quantitative research ensures long-term career value across public and private sectors
Alumni have progressed to roles in national banks, international institutions, and doctoral programs at top universities

Further Academic Progression:
This MSc provides a strong foundation for PhD study in economics, econometrics, or financial economics. 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.