Northumbria University Newcastle

Applied Economics MSc

This Employability-focused Applied Economics MSc will provide you with a robust theoretical and practical preparation to address those questions and to be ready for the challenges of the future.

Aimed both at those who have studied economics and want to develop their knowledge in practical application, and those who haven’t and wish to do a conversion course, the content of this course is business-relevant and informed by the very latest research in the field.

You will explore the principles and theories of Macroeconomics, Microeconomics and Econometrics, gaining a detailed understanding of the contemporary knowledge in these areas with a focus on the application to real world problems. A key feature of our MSc Applied Economics programme is the integration of a finance module which will enable you to develop specialist skills necessary to pursue a career in economics and allied areas.

Modules such as Econometric Modelling and Applied Research Methods will help you to formulate, test and apply formal economic models to real-world data. Elements of the programme have been designed to provide opportunities for you to develop as a professional economist and analyst, and to acquire transferable intellectual and personal skills.

Entry Requirements

Applicants should normally have:

A minimum of a 2:2 honours degree in any discipline, or substantial experience of working in a business organisation. It is recommended that your previous studies have included quantitative elements.

English Language Entry Requirements

International applicants are required to have a minimum overall IELTS (Academic) score of 6.5 with 5.5 in each component (or approved equivalent*). The University accepts a large number of UK and International Qualifications in place of IELTS.

Career Prospects

As part of this course you will build a portfolio of materials that can be presented to employers to demonstrate your development and appropriateness for roles in the economics field, the content of which will be informed by the work you undertake in the modules you study. 

This course is also ideal if you’re interested in a career in academic research, and successful graduates may be eligible for advanced entry onto our PhD or DBA programmes. You may go on to complete PhDs in economics and pursue successful careers as academic or research economists.  Alternatively, you may move directly to employment in roles as economists with the central banks, government departments, regulatory agencies, financial sector institutions and consultancy firms. Potential job roles this programme could lead to include:

  • Economist.
  • Policy adviser.
  • Investment analyst.
  • Data analyst.
  • Economic researcher.
  • Management consultant.
  • Journalist.

Course Details

Your MSc Applied Economics programme will focus on interactive and applied learning as you study a number of key modules which will give you the specialised skills required to implement theory in areas including quantitative analysis, international economics and financial economics.

The programme has modules such as Econometric Modelling which will help you to formulate, test and apply formal economic models to real-world data.

Your master’s degree in Applied Economics also develops skills in communication (both oral and written), mathematics, and computing, which means that you will achieve a number of transferable as well as specialist skills that are sought after by employers.

Year One

General Economics: Theory and Practice (Core,20 Credits)
Econometric Modelling (Core,20 Credits)
International Economics (Core,20 Credits)
Advanced Microeconomics and Macroeconomics: Theory and Practice (Core,20 Credits)
Research Methods and Analytics for Business Practice (Core,20 Credits)
Academic Language Skills for Postgraduate Business Students (Core – for International and EU students only,0 Credits)
International Financial Markets and Institutions (Core,20 Credits)
NBS Masters Consultancy Project (Optional,60 Credits)
The Newcastle Business School Masters Dissertation (Optional,60 Credits)
Masters' Management Enquiry (Optional,60 Credits)

*The information’s are correct at the time of publishing, however it may change if university makes any changes after we have published the information. While we try our best to provide correct information, It is advisable to call us or visit university website for up to date information.

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