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  1. Economics
  2. 2017

MSc Economics

The course is designed to give students a thorough background in the latest advances in theoretical, applied and empirical economics.

Key Information

Start date

September 2017


Full-time: one year

Part-time: two years


Full-time: £10,500

Part-time: £5,350 per year


Full-time: £15,000

Part-time: £7,500 per year

Application period

There is no fixed application deadline. However, applications will close when the course is full, so we encourage you to apply early.

Who is it for?

This course is designed for anyone who wants to undertake rigorous training in modern economics either immediately after completion of an undergraduate degree or as a mid-career professional. Students have the option of studying full time over the course of one year or part time over the course of two.


The aim of this course is to develop your critical and analytical abilities in economics and to prepare you  academically for a career as a professional economist. The dissertation track also serves as a stepping stone to an Economics PhD.

By the time you graduate, you should be able to:

  • Demonstrate knowledge of modern economic theory, at both a micro and a macro level.
  • Analyse the strengths and weaknesses of the relevant empirical and theoretical research methodology.
  • Demonstrate knowledge of econometric theory and techniques.
  • Critically interpret current research in a combination of fields offered, namely, behavioural and experimental economics, financial economics, health economics, macroeconomics, regulation and competition, and development.
  • The dissertation track also serves as a stepping stone to an Economics PhD.

Requirements and how to apply

Entry requirements

You should have some mathematical background (A-level, IB, AP or any other equivalent secondary school qualification) and one of the following:

  • An upper second class(or equivalent) undergraduate degree in economics or a related discipline (e.g. finance)
  • An upper second class  (or equivalent) undergraduate degree in business, management, politics, law, accounting, psychology, quantitative sociology or financial journalism
  • An upper second class  (or equivalent) undergraduate degree in a quantitative discipline (such as mathematics, engineering, computer science or a natural science.

Students with a good lower second class  in one of the above disciplines might be considered on a case-by-case basis.

All students must also meet the English language requirement for the programme as specified.

English requirements

If English is not your first language you will need the following qualification:

  • IELTS with an overall score of 6.5 (with a minimum of 6.0 for each sub-test) OR
  • A first degree from a UK university or an overseas institution recognised by City as providing adequate evidence of proficiency in the English language, for example, from institutions in Australia or the USA.

Please note that due to changes in the UKVI's list of SELTs we are no longer able to accept TOEFL as evidence of English language for students who require a CAS as of April 2014.

All applicants that require a Tier 4 visa must meet the minimum Home Office English Language ability requirements before City can issue the Certificate of Acceptance for Study (CAS) that is needed to apply for a Tier 4 visa.

INTO English language programmes

Don’t meet the English language requirements? INTO City, University of London offers English language programmes to help prepare you for study at university. These intensive and flexible courses are designed to improve your English ability for entry to degree courses. Learn more about INTO’s English for University Study programme.

Visa requirements

If you are not from the European Economic Area / Switzerland and you are coming to study in the UK, you may need to apply for a visa or entry clearance to come to the UK to study.

The way that you apply may vary depending on the length of your course. There are different rules for:

  • Students on courses of more than six months
  • Students on courses of less than six months
  • Students on a pre-sessional English language course.

If you require a Tier 4 student visa to study in the UK, you cannot undertake any City courses on a part-time basis.

For more information see our main Visa page.

How to apply

in the UK for Economics
Module options
allowing you to tailor your studies

More about fees


Explore up-to-date information about funding options, available financial support and typical living costs.

Future Finance Loans

Future Finance offers students loans of between £2,500 and £40,000 to help cover tuition fees and living expenses. All students and courses are considered. All loans are subject to credit checks and approval for further details please visit the City Finance website.

Student views

Alex McCallum

Alumnus of the MSc Economics at City, University of London, Alex McCallum, talks about his experience of the course and since graduating.

Academic facilities

You will benefit from City's London location and our proximity to, and connections with, the City of London. We are minutes away from the Square Mile - London's world-famous financial district - and the headquarters of financial and professional institutions.

Learn a language for free

We offer a free language course for City, University of London students.

Find out how to apply

Teaching and learning

The teaching takes place over 2 terms from September to June. Full-time students who pass all the taught modules during the main exam sessions finish the programme at the end of September when they submit their dissertation or literature review.

Full-time students who successfully complete the taught modules in the August resit exam session submit their dissertation or literature review in December.

Part-time students complete their modules over the course of four terms from September to June before undertaking their dissertation or literature review.

Course is taught by research active academic staff. Assessments are a combination of unseen written examinations (70% for each module) and coursework (30% for each module).

Pre-sessional activities

Pre-sessional activities covering Micro-and Macroeconomics, Stata, Excel, Probability and Mathematics run in September before the start of term. These are available for all students who secure a place on the MSc Economics course. Pre-sessionals are included in your degree fee and are designed to prepare you for the course. We therefore strongly encourage you to make every effort to attend. Dates of the sessions are as follows:

  • Stata – 23rd September 2017
  • Mathematics – 26th September 2017
  • Microeconomics – 27th September 2017
  • Excel – 28th and 29th September 2017
  • Probability – 30th September 2017
  • Macroeconomics – 1st October 2017

Please note that you are not required to register for the above pre-sessionals, you just need to turn up on the day. Further information such as the exact times and locations will be provided in your induction schedule.


You will take 120 credits taught modules and have to accrue 60 extra credits through one of the following routes:

  • Literature Survey: two extra elective taught module of 15 credits and a literature review (Economics Literature Survey) worth 30 credits;
  • Dissertation: a 60 credit Economics Research Project.

In the dissertation route, you take four core modules and two elective modules.

In the literature survey path, you take three core modules and five elective modules.

It is not possible to give exact hours per week because these can vary from one term to the other depending on which electives the students choose.

Dissertation route modules

Core modules

  • International Macroeconomics (15 credits)
  • Microeconomic Theory (30 credits)
  • Econometrics (30 credits)
  • Macroeconomics (15 credits)

Elective modules

  • Macroeconomics (15 credits)
  • Financial Derivatives (15 credits)
  • Asset Pricing (15 credits)
  • Corporate Investment under Uncertainty** (15 credits)

**cannot be chosen if ECM157 Development Economics is chosen.

Literature survey route modules

Core modules

  • International Macroeconomics (15 credits)
  • Microeconomic Analysis (30 credits)
  • Quantitative Methods (30 credits)

Elective modules

  • Macroeconomics (15 credits)
  • Corporate Finance (15 credits)
  • Welfare Economics* (15 credits)

*available subject to timetabling feasibility

Elective modules for both paths

  • Economics of Regulation and Competition (15 credits)
  • Health Economics (15 credits)
  • Development Economics (15 credits)
  • History of Economic Thought (15 credits)
  • Economics of Microfinance (15 credits)
  • Experimental Economics and Game Theory (15 credits)

Career prospects

On completing the Masters in Economics course you will have a range of employment possibilities, to some extent determined by the electives you choose.

For example, if you choose two financial economics electives, one from health economics and the fourth from economic regulation and competition, you may work in the financial industry as a consultant, or in the health industry as a financial analyst, or in any industry that requires a financial or industry analyst.

Contact details

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