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MSc Econometrics and Economics

Gain a thorough grounding in applied and theoretical econometrics

Year of entry: 2019

Length

1 year full-time

Start date

September 2019 (term dates)

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The public and private sectors are gaining an increasing awareness of the value of quantitative skills to assess and use evidence from large amounts of data, making econometricians highly sought after.

Our MSc in Econometrics and Economics will provide you with the essential skills that you need to follow a professional career, or to pursue further research, in applied and theoretical econometrics. The Masters is aimed at those with a prior knowledge of economics and econometrics, and/or mathematics and statistics.

You'll follow a core course in advanced economic and econometric theory. The modules are taught by world-leading experts in areas of economic theory, microeconometrics, panel data analysis, time series, spatial econometrics and nonparametric methods. Applied econometrics modules will equip you with state-of-the-art data analysis skills. You'll also develop your skills in analysing economic and financial data, and using econometric software widely employed by the leading researchers in the world.

Five-star learning

York is one of only three UK institutions to receive five stars from the Centre of Higher Education Development for postgraduate economics.

Course content

To achieve an MSc in Econometrics and Economics you'll complete modules to the value of 180 credits. This includes 90 credits from the core taught modules, 10 credits from the optional taught modules, and an 80 credit dissertation.

Modules

For the Masters you will need to take 100 credits of taught modules. There are seven compulsory core modules which amount to 90 of these credits:

In addition, you'll choose one 10 credit option from:

Please note, modules may change to reflect the latest academic thinking and expertise of our staff.

Dissertation

You'll complete a piece of independent research carried out over three months of the summer, guided by a supervisor. The dissertation, of up to 10,000 words, is worth 80 credits and offers you the chance to examine a topic in depth and to develop your academic research skills.

The York approach

Every course at York is built on a distinctive set of learning outcomes. These will give you a clear understanding of what you will be able to accomplish at the end of the course and help you explain what you can offer employers. Our academics identify the knowledge, skills, and experiences you'll need upon graduation and then design the course to get you there. Find out more about our approach to teaching and learning.

Students who complete this course will be able to:

  • Use deductive reasoning and logical experiments to explain and evaluate given hypotheses concerning the causal development of real-world events with the aim of informing policy makers and/or business managers, starting with simplified models and then developing them to take into consideration increasingly complex interactions among agents, future uncertainty, and counterfactual “what if” scenarios.
  • Formulate appropriate economics or financial models for data analysis, identify and apply suitable state-of-the-art statistical methods to estimate the associated econometric models using specialised statistical or econometric software, and provide quantitative forecasting and counterfactual analysis if necessary to inform policy makers and/or business managers. [Econometric 
  • Produce rigorous, unambiguous and well-reasoned written, mathematical and statistical statements that clearly identify assumptions and the logical steps taken to justify conclusions using carefully defined terminology. [Logical and
  • Use inductive reasoning to develop generalizable conclusions from particular facts, patterns and trends of emerging “real world” economic or finance problems, comparing them to similar historical episodes, and analyse them with logical coherence using data analysis if appropriate.
  • Use bibliographic databases to independently identify and locate relevant and current economic and finance research literature, then critically evaluate the material to determine its usefulness and validity, with the aim of summarising findings to inform and maintain the currency of their own and others’ intellectual and professional knowledge and understanding. [
  • Produce effective written communications, which identify relevant material for their intended audience, articulate a well-focused central argument and critical position on the topic supported by clear data-analysis summaries, and that are adapted to the appropriate genre for their intended readers (report, academic thesis, etc).
  • Plan and manage a project with minimal guidance informed by relevant and current knowledge, identifying an appropriate methodology to apply well-developed skills in research and logical analysis, and effectively communicate results. 
An MSc in Econometrics and Economics is ideal for those who have an interest in using econometric methods and techniques to really get to grips with the important economic and social problems of our time.
Daniel, MSc in Econometrics and Economics

Fees and funding

Annual tuition fees for 2019/20

Study modeUK/EUInternational
Full-time (1 year)£7,810£17,370

Students on a Tier 4 Visa are not currently permitted to study part-time at York.

Fees information

UK/EU or international fees? The level of fee that you will be asked to pay depends on whether you're classed as a UK/EU or international student.

Funding information

Discover your funding options to help with tuition fees and living costs.

If you've successfully completed an undergraduate degree at York you could be eligible for a 10% Masters fee discount.

Home/EU students

International students

Living costs

You can use our living costs guide to help plan your budget. It covers additional costs that are not included in your tuition fee such as expenses for accommodation and study materials.

Teaching and assessment

You’ll work with world‐leading academics who’ll challenge you to think independently and excel in all that you do. Our approach to teaching will provide you with the knowledge, opportunities, and support you need to grow and succeed in a global workplace. Find out more about our approach to teaching and learning.

Teaching format

This Masters combines a variety of different teaching methods, including:

  • Formal lectures
  • Seminars
  • Problem-solving classes
  • Practical computer-based sessions.

A member of the teaching staff will act as your supervisor throughout the degree, to help guide your studies and monitor progress. The department also has a vibrant research community. You’ll be able to attend the seminars and research workshops in which staff and invited speakers discuss their research.

Teaching location

You'll be based in the Department of Economics and Related Studies on Campus West. Most of your teaching will take place in Alcuin College and elsewhere on Campus West.

About our campus

Our beautiful green campus offers a student-friendly setting in which to live and study, within easy reach of the action in the city centre. It's easy to get around campus - everything is within walking or pedalling distance, or you can always use the fast and frequent bus service.

Assessment and feedback

Formal types of assessment in this course include:

  • Dissertation
  • Exams
  • Group project
  • Seminar presentation
  • Essays

As you study modules you’ll take part in assessments that do not contribute to your final mark, instead giving useful feedback on your progress and understanding.

York is the ideal place to study for your MSc as it provides you with all the opportunities to reach your potential, both during your degree and in your subsequent career. I fell in love with the city of York instantly, and the teaching is world class, with world leaders in micro and time-series econometrics.
Daniel, MSc in Econometrics and Economics

Careers and skills

The Masters will act as a springboard to a professional career in applied economics and econometrics. It is also an ideal preparation for a PhD. Around 80% of our department's MSc graduates go on to economics-related careers.

Career opportunities

You'll gain the skills that will allow you to work in a variety of organisations. Recent graduates' job positions include:

  • Economists (including with Cambridge Economic Policy Associates)
  • University researchers (progression to PhD)
  • Consultants (including economic modelling and marketing effectiveness for an energy agency)

Transferable skills

You'll develop a range of transferable skills during the course, including:

  • Independent working
  • Time management and people skills
  • Communicating research
  • Performing statistical analysis
  • Analytical and technical research skills.

Entry requirements

Qualification Typical offer
Degree

You should have at least a 2:1 degree from a UK university in a subject with sufficient econometrics and economics content. A strong background in mathematics or statistics would be an advantage.

If your first degree was awarded by an institution outside the UK, see our country-specific information.

Other qualifications

If you do not have a strong background in economics but have other relevant qualifications or experience, or who have been out of study for a while, may be required to take the Summer Session in Economics and Quantitative Methods as a condition of offer. Alternatively, the Session can also be taken as a stand alone course.  

If you do not have a strong background in economics, but have other relevant qualifications or experience, you can take a Summer Session course in Economics and Quantitative Methods.

English language

If your native language is not English, you must provide evidence of your English language ability:

  • IELTS: 6.5 with a minimum of 6.0 in each component
  • Pearson (PTE) Academic: 61 overall with a minimum of 55 in each component.

We also accept other English tests. Visit postgraduate English language requirements for further information.

Applying

You can apply and send all your documentation electronically through our online system. You don’t need to complete your application all at once: you can start it, save it and finish it later.

You'll be invited to provide a brief description in your Personal Statement of any econometrics, micro/macro economics, mathematics and statistics courses taken as part of your undergraduate or postgraduate degree studies, detailing core texts used.

Apply for this course

Next steps

Contact us

Get in touch if you have any questions

Professor Takashi Yamagata

Learn more

Department of Economics and Related Studies

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