Master's Degree in Economic Policy in England in United Kingdom

See Masters Programs in Economic Policy 2016/2017 in England in United Kingdom

Economic Policy

A masters refers to the completion of a graduate study program that prepares students to further their knowledge of a specific subject or advance their careers. The majority of masters are granted by state or public universities.

Economic policy comes from the idea that government should have a hand in managing the economy. Examples of the government managing the economy include interest rates, taxation, and government expenses. Individuals who study and train in economic policy may learn how to develop effective economic policies that lead to strong economies.

Education in the United Kingdom is a devolved matter with each of the countries of the United Kingdom having separate systems under different governments: the UK Government is responsible for England, and the Scottish Government, the Welsh Government and the Northern Ireland Executive are responsible for Scotland, Wales and Northern Ireland, respectively.

England is the largest of the four "home nations" that make up the United Kingdom. It is also the most populous of the four with almost 52 million inhabitants (roughly 84% of the total population of the UK).

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MSc International Economic Policy and Analysis

University of Westminster, Westminster Business School
Campus Full time 1 year September 2017 United Kingdom London

This innovative course offers both MSc and MA streams. It has been designed to develop your ability to apply economic analysis to policy issues and business problems, which are often ambiguous and multi-faceted. [+]

Masters in Economic Policy in England in United Kingdom. This innovative course offers both MSc and MA streams. It has been designed to develop your ability to apply economic analysis to policy issues and business problems, which are often ambiguous and multi-faceted. Although there is a strong theoretical core, the course focus of the course is very much on the practical application of economic techniques to problems, and on developing the ability to communicate the insights that economic analysis can provide. The course has been created in conjunction with the Government Economic Service (GES) – a major employer of economics graduates in the UK. The University of Westminster is the only English university to have secured GES recommended status for a postgraduate course in economics. The course aims to provide you with an in-depth knowledge and understanding of the latest developments in economics, with a focus on practical skills and development of the skills needed by a working economist. It is specifically aimed at those with a genuine interest in the application of economics to real-world situations. As well as enhancing your ability to apply relevant economic principles in the support of policy and strategy development, the course aims to develop your ability to communicate complex issues to wide audiences, your awareness of significant sources of economic and financial data, the problems faced when carrying out policy evaluation and your capability for self-awareness and group working. Course content You will gain an understanding of the key concepts in economics that underpin public sector policy and business decision making. This includes the various scenarios where we explore opportunity cost, equilibrium and disequilibrium, strategic interaction, market failure and the related concept of externalities. You'll develop your analytical skills by applying these concepts to current challenges that face the profession, at both macro and micro levels, and in both private and public sectors. This will provide you with the latest insights drawn from both the academic and practitioner arenas. Around a common core of modules covering key theoretical and practical elements, the MSc stream offers the possibility of pursuing a course of study in economics with a greater quantitative focus, while the MA stream has a stronger international emphasis. Students on this course benefit from free access to part of the material on the course reading list and an online subscription to Financial Times. In addition, you will get exposure to a global network of professional economists through a free student membership to the Society of Business Economists. Core modules Economic Evaluation Project This module provides you with the framework within which to develop your full project (dissertation) from the proposal submitted as part of the Research Methods module. The majority of projects undertaken by MSc students would be expected to involve an empirical component and appropriate quantitative analysis. Projects undertaken by MA students are likely to be of a more applied nature, possibly issue or problem based. Macroeconomic Analysis and Policy This module reviews the historical evolution of macroeconomic policy and, through a review of the theoretical and empirical literature, develops the analytical framework of macroeconomics underpinning contemporary macroeconomic policy. Microeconomic Analysis and Policy You will review theoretical and empirical microeconomic approaches in order to shed light on business decision making and microeconomic policy in mixed economies. Research Methods This module aims to enhance your knowledge and competence of the research process, and the application of research methods in the area of applied economics. Strategy and Appraisal in Economics This module applies the theoretical tools, concepts and methodology of economics to private and public sector scenarios, with an emphasis on communicating and appraising policy and strategy options. International Economics This module offers a critical, theoretically informed, issue-based approach to the study of international trade and investment, finance, economic institutions, globalisation and economic integration. Managing Data The ability to access, manipulate and interpret data from a range of sources, both primary and secondary, is an essential skill for economists and business professionals. This module offers a practical introduction to relevant data sources and to the tools necessary to critically explore these sources. Option modules Development Economics and Policy By exploring the concepts and theories that have been developed and applied by economists to the study of the problems of developing countries, this module explores the implications for the framing of development policy. Global Financial Markets This module provides you with an in-depth understanding of the structure and operation of foreign exchange markets, financial instruments used in global markets and the operation of financial institutions such as banks and insurance companies expanding across a number of financial markets. Students on the MA stream may take another Westminster Business School postgraduate module, with the permission of the Course Leader. Course-specific entry requirements You should normally hold a first degree from a recognised institution (minimum Lower Second Class), or international equivalent. If your first degree is in Economics or a cognate discipline such as Business, Geography, Development Studies or Mathematics, a minimum Lower Second Class (or international equivalent) is acceptable. If you have a more general first degree you would normally require an Upper Second Class (or international equivalent). The University operates a system of awarding credit for accredited prior learning either through formal study (APL) or experience (APEL). If English is not your first language, you will need an IELTS score of 6.5, with a minimum score of 6 in each element. [-]