MSc Economics

The MSc Economics programme is comprised of a set of core and optional modules:

Core modules 
o    Advanced Macroeconomics: 
o    Advanced Microeconomics
o    Econometric Analysis

You will then choose one of the two modules below:

o    Microeconometrics 
OR
o    Time-Series Analysis

Optional modules
You will then choose four optional modules, up to the value of 60 credits, from a list which, in recent years, has typically included:
o    Time-Series Analysis*
o    Microeconometrics*
o    Behavioural Economics
o    Development Economics
o    Environmental and Climate Economics
o    Experimental Economics
o    Game Theory
o    Industrial Organisation
o    International Trade and Finance
o    Money and Banking
o    Natural Resource Economics
o    Language module offered by the Centre for Foreign Language Studie

*Can only be chosen as an optional module if the module is not studied as a core

Note that current modules and their contents are indicative and may change in the academic year 2025/2026.

Dissertation
The MSc Economics dissertation involves an in-depth investigation of a specific subject you've already studied as part of your programme. Supervised by a faculty member, this is an opportunity for you to develop your insight and present your analysis and ideas in a scholarly and professional manner. There is also the opportunity to undertake your dissertation abroad at a partner university.

Pre-sessional modules 
In order to facilitate your learning journey, we offer an online pre-sessional module Introduction to Economics. It features 6 selected topics, providing the main theoretical tools necessary to properly prepare you for advanced modules in Microeconomics and Macroeconomics within our MSc routes. By taking this module, you can develop the essential preliminary knowledge, which is particularly beneficial to students who are new to the field of Economics.  

The pre-sessional is fully self-paced and is available to all students in our programmes several months before the first teaching term begins. This module includes:   
o    Pre-recorded video-lectures, with a list of suggested readings for every topic 
o    Quizzes for you to check your understanding of the terminology and models discussed in the videos 
o    Problem sets containing practice exercises (with solutions available).  

Additionally, you will have a chance to take the pre-sessional module on Mathematics and Statistics. This course will cover the key concepts from Calculus, Linear Algebra, Statistics and Probability Theory, which are required to study and comprehend Economics at the Masters level.

Additional resources
o    Database resources.  We have made major investment in our Economics programmes, acquiring state-of-the-art database resources, including Thomson Reuters, Bloomberg, Datastream and Orbis. These valuable resources give you access to live and historical facts and figures relating to the financial records of millions of companies worldwide, adding valuable insight to your research.
o    Software for data analysis.  The skills of collecting, analysing, and interpreting data are a critical component in the toolkit of a contemporary economist. At our MSc programmes, you will learn how to handle data and do empirical research using R and STATA. You can also be offered extra-curricular training courses on various programming software tailored for applications from different fields of Economics, including applied econometrics and macroeconomics. We have a successful track record of offering a short-term training in Python for our MSc students. Designed and taught by professional data engineers, such courses provide our students with valuable programming skills to assist in advanced research and enhance their careers.

Adding to your experience - City of London Field Trip and International Opportunities
We offer a range of additional opportunities designed to enhance your academic experience and professional development, or to experience campus life in destinations across the globe. These activities provide valuable skills, expand professional networks, and offer practical insights that complement the formal curriculum. Opportunities on our Masters in Economics programmes include: 
o    City of London Field Trip. 
The field trip to London offers a unique opportunity to meet senior professionals in the financial industry, including chief economists, chief risk officers, and other leaders. It provides invaluable insights from these experts, an understanding of current industry trends, and a view of the challenges and opportunities within the global market. Additionally, you will benefit from networking with these professionals, helping you explore potential career paths in your chosen sector. The list of organisations visited by our students during this trip in the past includes the Bank of England, Bank of China, Crédit Agricole, and Sage. 
o    Dissertation Abroad.
You will be offered the opportunity to apply to undertake your dissertation (research project) at one of our prestigious European partner institutions during the summer months (June to September). This exciting programme provides an opportunity to gain experience living abroad and to build your network, as well as developing an understanding of how campus life works in another destination. Participation in the programme will develop your personal skills, in addition to improving employability by demonstrating adaptability, resilience, communication skills and a global mindset. This partially self-funded programme is very popular and our International Team in the Business School will support your journey from application to departure.
o    Summer School.
If your ambitions lie beyond the UK, you will have the opportunity to participate in a Summer School at one of our global network of university and business partners. These partially self-funded competitive activities, normally take place after exams in either June, July or August, for up to three weeks. They cover a wide range of topics and aim to complement the knowledge you gain during your time in Durham, whilst contextualising it in an international business setting. Please note, in order to be considered for a place on one of our Summer Schools, all students must apply as places are limited.

Practitioner insights - Guest Speaker Programme
As part of the programme, you will be encouraged to attend presentations by leading academics and professionals who are specialists in your particular area of interest. Combining critical and progressive thinking with practical insight, past speakers have included professional economists from a range of organisations such as: the Bank of England, The Economic and Social Research Institute, the European Commission and the IMF to discuss how they apply core economic skills in their work.

Careers and Employability
By choosing to study the MSc Economics, in addition to the academic abilities gained, your career development will also benefit from the global reputation of Durham University Business School, from the quality of its teaching to the networking opportunities made available to you.

As a Business School Masters student, you will be supported by an extensive career development programme, which has been designed to complement your academic programme to help you achieve your career goals and develop the skills that employers are looking for. You can take advantage of one-to-one appointments with a specialist Masters Career Consultant to help you with specific issues, from finding a route into your career to applying for your dream role.

Career insight sessions will be delivered by external professionals with expertise and knowledge of their particular sector, which provides insight into working in areas popular with our students.

Whichever career you will choose, the MSc in Economics will help you gain the confidence to demonstrate the academic, professional and practical skills that are highly sought by employers around the world, or if you wish to continue your studies, by world-leading PhD programmes. Some of our recent economics graduates have gone on to work in sectors including:
o    Consultancy
o    Technology
o    Financial Services including Accounting
o    Government/Public Services
o    Energy
o    Legal Services

Entry requirements
The equivalent of a UK upper second-class single or joint honours degree in Economics, Finance, Mathematics, Statistics, Physics, Computer Science or Engineering. Applicants with degrees in other subjects are encouraged to apply as long as they have achieved good grades in two Mathematics / Statistics / Econometrics modules covering calculus, probability theory/econometrics and ideally linear algebra.

Download a brochure at: https://www.durham.ac.uk/business/programmes/masters/download/economics/

Link to more information: https://www.durham.ac.uk/business/courses/economics-l1t109/

Scholarships
All Durham University Business School Masters programme offer holders for October 2025 entry will be automatically considered for applicable scholarships so long as they meet the eligibility. No separate scholarship application is necessary. Visit the website for more information.