MSc Economics
Cardiff, United Kingdom
MSc
DURATION
1 year
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
TUITION FEES
GBP 29,200 / per year *
STUDY FORMAT
On-Campus
* for overseas | for home: £13,200
Key Summary
From Brexit and the Bedroom Tax to wages and wealth, environment and energy to health and homelessness, economists have rarely held such influence in the direction and debate of the challenges affecting the communities of the world.
The business of changing the world is ours.
Our MSc in Economics is focused on nurturing a new generation of economics professionals with the tools and techniques to meet the demands of a global economy.
We’ll help you prepare for careers in government service, industry, international institutions, consultancy and central banks, equipping you with the specialist theoretical knowledge and practical skills to address significant economic challenges.
Our team of academic experts will encourage you to consider the social, economic and ethical implications of your decisions as you encounter the economics of labour, development, policy and trade.
They’ll draw on their world-leading research and real-world consultancy experience to demonstrate how advanced analytical techniques can be leveraged to understand practical problems.
Why Study this Course
Apply advanced economic theory to reframe and resolve contemporary socio-political challenges.
Get the Latest Insights
Attend specialist workshops hosted by our Economics Section and explore the latest developments in research and practice.
Our Experts, Your Lecturers
Learn from renowned faculty with advisory and consultancy experience in public, private and third-sector organisations across the world.
A New Generation of Economists
Prepare for doctoral study or research-oriented careers with independent research under academic supervision.
Socially Responsible
As the world's first Public Value Business School, we're committed to delivering social improvement alongside economic development.
We are committed to investing up to a total of £500,000 in this high-value competitive scholarship scheme to support UK students who are planning to start an eligible Master’s programme in 2024/25.
Each Scholarship is worth £3,000 and will be awarded a tuition fee discount.
Eligibility
UK students are eligible to apply for the Scholarship. You normally need to have achieved at least a 2.1 or equivalent in your first degree to be eligible. You need to submit an application to study at Cardiff University and be made an offer to study before your fee status can be confirmed.
The Programme is offered in full-time mode and lasts twelve months. You will take a total of 8 taught modules compiled from a combination of compulsory and optional modules in stage one, and complete a dissertation in stage two.
Core knowledge and understanding, intellectual and other skills are acquired via lectures, seminars and guided study. These activities will include staff and student-led presentations and case studies. Some optional modules also involve practical sessions.
More advanced knowledge and understanding is acquired by independent study, computer-aided learning and, in some options, project work. In respect of other skills, you will also have the opportunity to benefit from the Trading Room located at the School and attend university-approved courses provided by the Careers Service.
Core Modules for Year One
- Advanced Macroeconomics
- Econometrics
- Advanced Microeconomic Theory
- MSc Economics Dissertation
Optional Modules for Year One
- Advanced International Trade
- Advanced Political Economy
- Advanced Labour Economics
- Micro-Econometric Practice
- Macro-Econometric Practice
- Topics in Monetary Policy
How will I be Assessed?
Assessment methods vary from module to module but, across your degree scheme as a whole, you can expect as a minimum a mixture of exams, coursework, essays, presentations and individual projects.
What Skills Will I Practise and Develop?
Knowledge & Understanding
On successful completion of the Programme you will be able to demonstrate:
- Knowledge and understanding of the main features of modern economics
- An understanding of the workings of domestic and global economies
- Be aware of key theoretical, conceptual and empirical debates in economics
Intellectual Skills
On successful completion of the Programme you will be able to demonstrate:
- Use economic and statistical concepts to analyse specific contemporary problems
- Evaluate critically economic theory and appreciate its relevance to the development and analysis of policy options
- Have the ability to access key sources of economic data and to appreciate their deficiencies and limitations
- Be able to understand the empirical investigation of economic issues and to elucidate and evaluate empirical findings of leading researchers
Professional Practical Skills
On successful completion of the Programme you will be able to demonstrate:
- The application of theoretical concepts to simplify complex situations, thereby providing a framework within which effective problem-solving and decision-making can take place
- Apply deductive reasoning and logical analysis to problems and produce analytical written reports of a professional standard
- Organise, analyse and present statistical data and other factual financial and economic information
- Identify, analyse and model key variables and relationships, highlight trends and determine predictors which can be used by decision-makers and in policy formulation
- Identify and analyse the implications of government and international policies on key economic outcomes
- Understand and evaluate the role of incentives and strategic thinking in determining individual behaviour and achieving group goals
Transferable/Key Skills
On successful completion of the Programme you will be able to demonstrate:
- Individual work, goal setting and meeting of targets
- Advocacy and debate in particular on economic behaviour
- Library-based research
- Written and oral presentations
- Word processing, spreadsheet software, databases and statistical/econometric packages
At Cardiff Business School, you’ll receive a career-changing education from world-leading academics who have different points of view. They’ll challenge your thinking as you consider the world of business from a range of alternative perspectives.
On our MSc in Economics, you’ll benefit from the knowledge and expertise of our Career Enhancer Team. They’re ready and waiting to identify events and opportunities to help you achieve your future aspirations.
We’ve developed relationships that range from the largest multinationals to the smallest micro-businesses, and include a wide variety of social enterprises and cooperatives. We use these networks to deliver value for our students through:
- Real-world case studies and insights
- Guest lectures
- Field trips and workshops.
This wide-ranging and varied learning experience will help enhance your career and demonstrate how you can make a difference along the way.
A master’s degree in Economics provides students with a thorough and advanced understanding of economics and quantitative methods and training in using statistical data (especially relating to the economic and financial world) to write reports and make oral presentations. As such it provides suitable training for a range of careers including working in government policy, as a public or private sector economist, as a management consultant or as an analyst in business or financial services.
How will I be Taught?
You will be expected to attend all timetabled sessions and are also expected to engage in independent study. You will receive supervision to help you complete the dissertation, but will be expected to manage your own time to undertake significant independent study during this phase.