MSc in Development Economics and Emerging Markets

1 Year On Campus Masters Program

University of York

Program Overview

 

This MSc is designed for students who want to understand how global markets operate and how economic development can be fostered through policy, trade, and investment. It suits graduates from economics, business, or related disciplines who are passionate about tackling global inequality and shaping inclusive growth strategies.


Curriculum Structure

Semester 1 – Core Economic Foundations
Students begin with modules such as Applied Microeconomics and Macroeconomics for Global Markets, which build a strong analytical foundation. These courses explore how individuals and institutions behave in global contexts, and how macroeconomic forces shape development outcomes.

Semester 2 – Development and Policy Focus
Students deepen their expertise through modules like Globalisation and Development and Policy Analysis for Economic Development. These units examine trade, investment, and institutional reform, while equipping students with tools to evaluate development policies and their impact on emerging economies.

Summer Term – Independent Research Project
Students complete a dissertation on a topic of their choice, applying theoretical and empirical methods to a real-world development challenge. This capstone project demonstrates their ability to conduct rigorous analysis and contribute to global policy debates.


Focus areas

Globalisation, development economics, policy analysis, macroeconomics, trade and investment, inclusive growth.


Learning outcomes

Graduates will be able to analyse global market dynamics, evaluate development policies, interpret economic data, and communicate insights clearly to diverse audiences.


Professional alignment (accreditation)

Delivered by the University of York’s Department of Economics and Related Studies — one of the largest economics departments in the UK, known for its research excellence and policy engagement.


Reputation (employability rankings)

The University of York ranks in the UK Top 20 for Economics (Complete University Guide 2024), and is a member of the prestigious Russell Group. 95% of York postgraduates are in work or further study within 15 months of graduation.

 

Experiential Learning (Research, Projects, Internships etc.)

 

This program blends rigorous academic study with hands-on learning that prepares students to tackle real-world development challenges. From policy evaluation to data analysis, students work with specialist software, engage in group projects, and access research-led teaching environments. The Department of Economics and Related Studies — one of the largest in the UK — offers a dynamic setting for applied learning and global engagement.

Here’s how students gain practical experience throughout the year:

  • Quantitative Methods Training: Students use statistical software such as Stata and R to analyse global development data and evaluate policy outcomes.
  • Policy Simulation and Case-Based Learning: Modules like Policy Analysis for Economic Development include group-based tasks that mirror real-world policy design and impact assessment.
  • Independent Research Project: Students complete a dissertation using empirical methods to explore a development issue of their choice, often drawing on global datasets.
  • Access to York’s Library and Digital Resources: Includes extensive databases such as JSTOR, World Bank, and OECD iLibrary, plus support from economics subject librarians.
  • Research Environment: Students benefit from York’s active research centres, including the Centre for Applied Macro-Finance and the Interdisciplinary Global Development Centre.
  • Guest Lectures and Seminars: Delivered by development economists, policy advisors, and global market experts — offering insights into current challenges and career pathways.

Progression & Future Opportunities

 

Graduates from this program are well-prepared for careers in international development, economic consultancy, global policy, and financial analysis. Many go on to work in government departments, NGOs, think tanks, and multinational corporations. Typical job titles include: Development Economist, Policy Analyst, Economic Consultant, and Trade Advisor.

Here’s how York supports your career journey:

  • Careers and Placements Team: Offers tailored support including one-to-one guidance, employer networking events, CV and interview coaching, and access to York’s exclusive Handshake platform for internships and graduate roles.
  • Graduate Outcomes: 95% of York postgraduates are in work or further study within 15 months of graduation.
  • Salary Figures: Economics graduates from Russell Group universities report average starting salaries of £30,000–£35,000, with strong progression in policy and consultancy roles.
  • Industry Partnerships: The Department of Economics and Related Studies collaborates with organisations such as the Bank of England, HM Treasury, and the Overseas Development Institute through research, guest lectures, and alumni connections.
  • Accreditation Value: York is a member of the Russell Group and its economics department is known for policy-relevant research and global engagement — a mark of long-term credibility with employers.
  • Graduate Destinations: Alumni work in institutions like the UK Civil Service, World Bank, Deloitte, and international development agencies.

Further Academic Progression:
Students who wish to continue their academic journey can pursue a PhD in Development Economics, Global Studies, or Public Policy. The University of York offers doctoral research opportunities through its Department of Economics and Related Studies and interdisciplinary centres such as the Interdisciplinary Global Development Centre.

 

Program Key Stats

£27,250 (Annual cost)
£12,500
Sept Intake : 28th Aug


Eligibility Criteria

3 or 4 Years

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Additional Information & Requirements

Career Options

  • Communications manager
  • Economist
  • Investment officer
  • Economic researcher
  • Trainee accountant
  • Principle economics consultant

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