Gain a strong grounding in advanced economics, and take your knowledge an important step further by applying it to the field that most interests you.
Our MSc Applied Economics is a suite of taught courses that provides rigorous training in all the main aspects of economics.
Starting with a comprehensive refresher course in essential maths and economics skills, you will go on to receive advanced training in the analysis of problems in applied microeconomics, macroeconomics, econometrics and strategic decision-making.
Most importantly, you will then have the opportunity to tailor the course to the area of business or policy you are most interested in, giving you additional expertise and a head start when seeking work in that field.
We are one of the only universities in the UK offering this level of specialization on this type of master's. You can select from MSc Applied Economics as a standalone option or with one of four specialist pathways:
- Banking and Financial Markets
- Public Policy
- Environmental Policy
- Behavioural Science
Whichever pathway you choose, you will develop your knowledge of quantitative methods beyond undergraduate level and gain the mathematical, statistical and econometric skills to carry out quantitative analyses of applied economics problems.
You will consolidate your research skills further during the dissertation, which you will work on over the summer under the supervision of one of our experienced lecturers. The research training you receive will prepare you well for going into research positions in a government or commercial context.
By the end of the course you will be able to:
- analyze and interpret economic data and critically evaluate existing research
- apply economic concepts to specific economic and policy questions, focusing in particular on the area of business or policy that most interests you
- design and undertake independent research projects
Learning and teaching
Our teaching staff are all active researchers and regularly publish in the top economics journals, so you will be working with some of the UK’s leading thinkers in economics.
This course is ideal preparation for careers within government or industry that require a thorough knowledge of economics.
We expect graduates of the Banking and Financial Markets pathway to be particularly suited to jobs in banks and other financial institutions.
Graduates of the Public Policy or Environmental Policy pathways are especially well-placed to find jobs within government and non-governmental organizations.
Graduates of the Behavioural Science pathway will be ideally suited to work within government or large private sector firms.
This course lasts 1 year. It starts in September 2018 and ends in 2019. Induction week starts on 24 September 2018.
Occasionally we make changes to our programmes in response to, for example, feedback from students, developments in research and the field of studies, and the requirements of accrediting bodies. You will be advised of any significant changes to the advertised programme, in accordance with our Terms and Conditions.
Compulsory course units
These compulsory units are currently being studied by our students, or are proposed new units.
- Applied microeconomics
- Applied macroeconomics
- Applied econometrics
- Strategic decision making and games
- Applied research methods
Optional course units
These optional units are currently being studied by our students, or are proposed new units.
- Applied financial economics
- Financial markets
- Economics of financial institutions
- International monetary policy and institutions
- Public policy analysis
- Economics of politics
- Public finance
- Environmental regulation
- Environmental and resource economics
- Applied behavioral economics
- Experimental economics
- Applied behavioral finance
- Health economics
Learning and assessment
- Online resources
- Practical sessions
- Multiple choice examinations
- Online assessment
- Oral assessment
- Practical work
- Written examination
Typically you should have a first or second class bachelor’s honors degree or international equivalent.
We welcome applications from those with a 2:2 honors degree (or its international equivalent) in subjects with a high level of economics content.
To apply for this course, you must have an undergraduate degree in social science or business-related disciplines such as business administration, finance, accounting, international trade, banking, financial management, public finance or politics.
We may make an offer based on a lower grade if you can provide evidence of your suitability for the degree.
If your first language is not English but within the last 2 years, you completed your degree in the UK, you may be exempt from our English language requirements.
English language requirements
- IELTS: 6.5 overall with no less than 6.0 in all components
- The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
- TOEFL IBT: 90 overall with a minimum 21 in all 4 components
If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.
For international students, please contact the school for more information.
Fees and funding
Your tuition fees and how you pay them will depend on whether you are a Home, EU, Island or Overseas student.
How to pay
Tuition fee loans
If you are studying a postgraduate course, you may be able to take out a loan for your tuition fees and living costs.
Scholarships and bursaries
You could be considered for a bursary or scholarship to help you study at Bath. You do not have to pay it back.
Other payment options
You can pay your tuition fees by Direct Debit, debit card, credit card, cheque, bank transfer or cash. You may also be eligible for a student loan to help you pay your fees.
You will need to budget at least £100 for the cost of photocopying, printing, and binding. You will also need to budget for the cost of textbooks.
Some courses involve visits away from campus and you may be required to pay some or all of the costs of travel, accommodation, and food and drink.
If you’re on a placement, you’re responsible for your own travel, accommodation and living costs. You should also consider the financial implications if you go on an unpaid or overseas placement.
Program taught in: