MSc Applied Economics

The MSc Applied Economics focuses on developing your technical and analytical skills alongside your practical experience of how these skills are used to solve real-world economic problems and inform decision-making in a variety of environments. This unique feature sets it apart from other degrees in economics.

You will gain knowledge and an understanding of the core principles of economic analysis, and the experience in how to apply them.

You will acquire skills in economics, data analysis and modelling techniques, as well as key transferable skills in leadership, project management, problem solving, communication and negotiating that, are sought after by employers. Every class will either have a class test or assignment during semesters 1 and 2. Exams will take place at the end of each semester in December and April/May.

The programme has been designed in consultation with key employers of our graduates, as well as the business, consulting and policy communities for the aspiring professional economist. This means that what you learn on the course is exactly what employers look for when recruiting new economists.

The Department of Economics is the home of the Fraser of Allander Institute, a leading independent economic research institute. Besides teaching several classes, the institute is able to offer at least three scholarships and summer internships each year.

Through our link with the institute, you will have a unique opportunity to engage with staff working at the cutting edge of applied economics research, industry engagement and policy making. There will also be opportunities to publish articles on the Fraser of Allander Institute's blog and in the quarterly Fraser of Allander Institute Economic Commentary report

The practitioner seminar series within our Professional Development for Economists class provides you with opportunities to learn from senior figures in business, consultancy and government about the key economic issues of the day and their own journey to the top of their chosen career. Many of the speakers are our own graduates.

Assessment methods (Outcome qualification level)

Every class will either have a class test or assignment during semesters 1 and 2. Exams will take place at the end of each semester in December and April/May.

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Modules

  • Analysis of Economic Data
  • Economic Appraisal and Modelling
  • Fundamentals of Macroeconomics
  • Fundamentals of Microeconomics
  • International Macroeconomics
  • Professional Development for Economists
  • Topics in Public Economics
  • Summer Project
  • Economics of Inequality and Inclusive Growth
  • Energy Economics
  • Environmental Economics
  • Games of Strategy
  • International Development
  • Regional Policy Development
  • Health Economic Policy
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    £20,150 Per Year

    International student tuition fee

    1 Year

    Duration

    Sep 2025

    Start Month

    Aug 2025

    Application Deadline

    Upcoming Intakes

    • September 2025
    • September 2026

    Mode of Study

    • Full Time