Economics (MSc)

Year of entry

2018

Start date

October 2018

Location

Central London

Status

Fully Approved

Duration

One year full-time or two years part-time 

Attendance

Four to five afternoons/evenings a week full-time or two to three evenings a week part-time, September to August 


Providing a basis for a variety of careers in business, government and academia, this course is designed to equip you with tools and techniques for investigating important economic issues. It provides a grounding in mathematical and econometric techniques:

  • looking at the foundations of microeconomics and macroeconomics and their application to new economic problems
  • familiarising you with advanced concepts and techniques used in economic analysis, and enabling you to access and evaluate current research output in academic journals and in the public and commercial domain
  • providing you with the ability to use methods of economic analysis and related techniques in practical and professional contexts
  • examining the issues behind current controversies in economics and finance
  • training you in quantitative skills
  • requiring you to combine your theoretical and quantitative understanding in an original piece of applied work.

This course is demanding and challenging. We expect you to be competent in intermediate microeconomics and macroeconomics, multivariable calculus, linear algebra and statistics and to understand the basic concepts in economics, so we can focus on developing your ability to do original applied work using advanced methods. You will learn to express original ideas in academic papers and to test them with the use of econometrics (covering linear and dynamic linear regression models, a wide variety of hypothesis tests and techniques for estimating systems of equations). Techniques will be illustrated with economic examples, such as models with rational expectations, as well as consumption, production and money demand functions.

Prospective students without the necessary prerequisites should apply for our Graduate Diploma in Economics, as it prepares you for the MSc.

Highlights

  • Since we started teaching this course, we have taught generations of economists, who have gone on to work at the Bank of England, the Treasury, the Civil Service, consultancy and in academia.
  • Birkbeck graduates are well respected by employers, who value the dedication and ability required to balance evening study with daytime occupations.
  • This course is recognised as a research training programme by the Economic and Social Research Council (ESRC). For UK and EU applicants intending to pursue research, ESRC studentships (one year for the Master’s programme followed by three years of funding for research) may be available for candidates with a strong academic background.
  • In the 2014 Research Excellence Framework (REF), more than half of our research outputs in Economics were ranked world-leading or internationally excellent.

Course structure

Core modules reinforce economic theory with practical application. They include preliminary courses in mathematical and statistical techniques, which take place in September and have to be passed in order to progress to the programme.

Options provide specialised modules with current themes. Option module availability varies across years.

Module groups

  • Entry Requirements

    Entry requirements

    First- or second-class honours degree, or its equivalent, in either a directly relevant or a highly quantitative subject, or the Birkbeck Graduate Diploma in Economics.

    Non-EU students are encouraged to submit GRE or GMAT results. In some cases, the admissions tutor may request these results in order to make a decision on your application. In that case, you should upload your score report to the online application system as if it were an additional transcript page.

    Relevant practical work experience also taken into consideration.

    Demonstrable qualities, such as good time management and the ability to cope under pressure, are vital.

    International entry requirements

    If English is not your first language or you have not previously studied in English, our usual requirement is the equivalent of an International English Language Testing System (IELTS Academic Test) score of 6.5, with not less than 6.0 in each of the sub-tests.

    If you don't meet the minimum IELTS requirement, we offer pre-sessional English courses, foundation programmes and language support services to help you improve your English language skills and get your place at Birkbeck.

    Visit the International section of our website to find out more about our English language entry requirements and relevant requirements by country.

    Credits and Accredited Prior Learning (APL)

    If you have studied at university previously, you may have accumulated credits through the modules you studied. It may be possible to transfer these credits from your previous study to Birkbeck or another institution. You should discuss this with the Programme Director when you are making your application.

    Find out more about credits and Accredited Prior Learning (APL).

  • Fees

    Fees

    Part-time home/EU students: £6150 pa
    Full-time home/EU students: £12275 pa
    Part-time international students: £9000 pa
    Full-time international students: £17975 pa

    Students are charged a tuition fee in each year of their programme. Tuition fees for students continuing on their programme in following years may be subject to annual inflationary increases. For more information, please see the College Fees Policy.

  • Teaching and assessment

    Teaching

    At Birkbeck, almost all of our courses are taught in the evening and our teaching is designed to support students who are juggling evening study with work and other daytime commitments. We actively encourage innovative and engaging ways of teaching, to ensure our students have the best learning experience. In the 2017 Teaching Excellence Framework (TEF), the government’s system for rating university teaching, Birkbeck was allocated a Silver award.

    Teaching may include formal lectures, seminars, and practical classes and tutorials. Formal lectures are used in most degree programmes to give an overview of a particular field of study. They aim to provide the stimulus and the starting point for deeper exploration of the subject during your own personal reading.

    Seminars give you the chance to explore a specific aspect of your subject in depth and to discuss and exchange ideas with fellow students. They typically require preparatory study.

    In addition, you will have timetabled meetings with your Personal Tutor.

    Methods of teaching on this course

    Lectures and problem-solving classes. For the applied project and the independent dissertation, you will receive tutorial guidance from a staff member.

    Timetables

    Timetables are usually available from September onwards and you can access your personalised timetable via your My Birkbeck Profile online (if you have been invited to enrol).

    Indicative class size

    Class sizes vary, depending on your course, the module you are undertaking, and the method of teaching. For example, lectures are presented to large groups, with 30 to 100+ students in attendance, whereas seminars usually consist of small, interactive groups of 10 to 30 students, led by an academic.

    Academic support

    Birkbeck offers study and learning support to undergraduate and postgraduate students to help them succeed. Our Learning Development Service can help you in the following areas:

    • academic skills (including planning your workload, research, writing, exam preparation and writing a dissertation)
    • written English (including structure, punctuation and grammar)
    • numerical skills (basic mathematics and statistics).

    Our Disability and Dyslexia Service can support you if you have additional learning needs resulting from a disability or from dyslexia.

    Our Counselling Service can support you if you are struggling with emotional or psychological difficulties during your studies.

    Our Mental Health Advisory Service can support you if you are experiencing short– or long-term mental health difficulties during your studies.

    Assessment

    Assessment is an integral part of your university studies and usually consists of a combination of coursework and examinations. You will be given time to complete coursework and prepare for exams.

    Unseen written examinations are usually taken in the Summer term, during May to June, and, in most cases, are held during the day on a weekday – if you have daytime commitments, you will need to make arrangements for daytime attendance. Exam timetables are published online in March each year.

    Find out more about assessment at Birkbeck, including guidance on assessment, feedback and our assessment offences policy.

    Methods of assessment on this course

    A June examination and coursework, including an econometrics project and a dissertation.

    Feedback

    As well as a mark for your coursework and exams, you will also receive feedback from your marker(s) to help you learn, improve and succeed. We encourage you to discuss feedback with your module tutor.

    Feedback can come in different forms: notes via Moodle (our online learning environment); a paper copy of a completed feedback form; or in-class or face-to-face feedback. The College Policy on Feedback on Assessment sets out what you can expect from your feedback.

    Your department will usually provide you with your marked coursework within four weeks of submission. Your initial mark is provisional until the relevant Board of Examiners has confirmed it.

    Your official coursework and exam results will be made available to you via your My Birkbeck Profile online.

  • Careers and employability

    Careers and employability

    Graduates can pursue a career in banking and finance, the public sector, industry, and research and analysis. Possible professions include economist, financial risk analyst, statistician, or management consultant. This degree can also be useful in becoming an actuary, Civil Service fast streamer, or local government officer.

    Find out more about these professions.

    We offer a comprehensive Careers and Employability Service to help you advance your career, while our in-house, professional recruitment consultancy, Birkbeck Talent, works with London’s top employers to help you gain work experience that fits in with your evening studies.

  • How to apply

    How to apply

    You apply directly to Birkbeck for this course, using the online application form. 

    Birkbeck can give you all of the information and help you need to complete your application form, including our online personal statement tool, which will guide you through every step of writing your personal statement.

    Application deadlines and interviews

    You should apply as early as possible. We need to receive your supporting documents (ie your transcript) before we can proceed with your application.