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The MSc Applied Economics at the University of Strathclyde is designed for students who want to use economic theory and data analysis to solve real-world problems in policy, business, and international development. It suits graduates from economics or related disciplines who are ready to deepen their skills in applied research, forecasting, and decision-making.
Curriculum Structure
Semester 1
Students begin with core training in economic theory and quantitative methods. Modules such as Microeconomics and Macroeconomics provide a solid foundation in how markets and economies function. Quantitative Methods introduces students to statistical techniques and data handling, preparing them for empirical analysis and policy evaluation.
Semester 2
The second semester focuses on applied and specialist topics. Students explore International Development, Environmental Economics, and Energy Economics, gaining insight into global challenges and sustainability. Policy Evaluation Methods equips students with tools to assess the effectiveness of public policies using real-world data.
Summer Term
Students complete a supervised Dissertation, conducting original research on a topic of their choice. This project allows them to apply theoretical and empirical skills to a practical economic issue, supported by expert academic guidance.
Focus areas
Applied economics, policy evaluation, international development, energy economics, environmental economics, quantitative methods
Learning outcomes
Graduates will be able to apply economic theory to real-world problems, use advanced quantitative techniques, and evaluate policy interventions using empirical data
Professional alignment (accreditation)
Delivered by Strathclyde Business School, which is triple-accredited by AACSB, EQUIS, and AMBA—ensuring global recognition of its academic and professional standards
Reputation (employability rankings)
Strathclyde Business School is ranked in the UK top 10 for Business, Management & Marketing (Complete University Guide 2024) and is known for strong graduate employability and industry engagement
Students on the MSc Applied Economics program gain practical skills by working with real datasets, applying policy evaluation techniques, and engaging with economic modelling tools used in professional settings. The program is designed to bridge theory and practice, with a strong emphasis on empirical analysis and decision-making. The dissertation is a key experiential component, allowing students to explore a policy-relevant topic using advanced research methods and supervision from Strathclyde’s expert faculty.
Here’s how Strathclyde supports experiential learning in Applied Economics:
Graduates of the MSc Applied Economics at Strathclyde are equipped to work in high-impact roles across government, consultancy, finance, and international development. The program’s strong emphasis on policy evaluation, data analysis, and applied research prepares students for careers where evidence-based decision-making is essential. Typical roles include: Economic Analyst, Policy Advisor, Consultant, and Research Economist.
Here’s how Strathclyde supports your career journey:
Further Academic Progression:
Students who complete the MSc Applied Economics may choose to pursue doctoral study (PhD) in economics, public policy, or related fields. The program’s rigorous training in applied theory and quantitative methods provides a strong foundation for academic careers or advanced research roles.
Minimum second-class honours degree or overseas equivalent in any subjectIELTS: English must have a minimum of 6.5 IELTS score, with no individual score lower than 5.5TOEFL (ibt): 73 overall, with the following minimum scores in each component: Listening: 17 Reading: 18 Speaking: 20 Writing: 18.USA: A minimum GPA of 3.0 or above on a 4.0 scale. Some courses may accept a lower GPA and will take into consideration your supporting documentsIndian: For entry to Strathclyde postgraduate programmes, we'd look for a first-class undergraduate degree (approx 60%) from a recognised Indian institution. Although 60% is a general entry requirement we understand that the marking system in some states and national universities make it harder to achieve 60%, therefore we will accept 55% from University of Mumbai, University of Calcutta, University of Delhi etc. Graduates from the IITs and IIMs will also be considered with marks in the region of 55%.Data analystEconomistFinancial risk analystForensic accountantActuarial analyst
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University of Strathclyde
