Economics (MSc)


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

    Our standard postgraduate entry requirement is a second-class honours degree (2:2 or above) from a UK university, or an equivalent international qualification.

    We will review every postgraduate application to Birkbeck on its individual merits and your professional qualifications and/or relevant work experience will be taken into consideration positively. We actively support and encourage applications from mature learners.

    On your application form, please list all your relevant qualifications and experience, including those you expect to achieve.

    Apply now to secure your place and allow enough time for the application and enrolment process. You do not need to have completed your current qualification to start your application.

    Course specific 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

    Our standard postgraduate entry requirement for international students is a second-class honours degree (2:2 or above) from a UK university or an equivalent international qualification.

    Find details of entry requirements and equivalencies for over 120 countries worldwide.

    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.

    Visa requirements

    If you are not from the European Economic Area (EEA) and/or Switzerland and you are coming to study in the UK, you may need to apply for a visa.

    The visa you apply for varies according to the length of your course:

    • Courses of more than six months' duration.
    • Courses of less than six months' duration.
    • Pre-sessional English language courses.

    International students who require a Tier 4 visa should apply for our full-time courses (with the exception of modular enrolment certificates of higher education and graduate certificates), as these qualify for Tier 4 sponsorship. If you are living in the UK on a Tier 4 visa, you will not be eligible to enrol as a student on Birkbeck's part-time courses (with the exception of some modules).

    For full information, read our visa information for international students page.

    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: £6300 pa
    Full-time home/EU students: £12600 pa
    Part-time international students: £9200 pa
    Full-time international students: £18400 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.

    Our distance-learning and blended-learning courses and modules are self-directed and we will provide you with interactive learning opportunities and encourage you to collaborate and engage via various learning technologies. These courses involve limited or no face-to-face contact between students and module tutors.

    In addition, you will have access to pastoral support via a named 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.

    Contact hours

    On our taught courses, you will have scheduled teaching and study sessions each year. Alongside this, you will also undertake assessment activities and independent learning outside of class. Depending on the modules you take, you may also have additional scheduled academic activities, such as tutorials, dissertation supervision, practical classes, visits and fieldtrips.

    On our taught courses, the actual amount of time you spend in the classroom and in contact with your lecturers will depend on your course, the option modules you select and when you undertake your final-year project.

    On our distance-learning and blended-learning courses, discussion, collaboration and interaction with your lecturers and fellow students are encouraged and enabled through various learning technologies, but you may have limited or no face-to-face contact with your module tutors.

    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 larger groups, whereas seminars usually consist of small, interactive groups led by a tutor.

    Independent learning

    On our taught courses, much of your time outside of class will be spent on self-directed, independent learning, including preparing for classes and following up afterwards. This will usually include, but is not limited to, reading books and journal articles, undertaking research, working on coursework and assignments, and preparing for presentations and assessments.

    Independent learning is absolutely vital to your success as a student. Everyone is different, and the study time required varies topic by topic, but, as a guide, expect to schedule up to five hours of self-study for each hour of teaching.

    On our distance-learning and blended-learning courses, the emphasis is very much on independent, self-directed learning and you will be expected to manage your own learning, with the support of your module tutors and various learning technologies.

    Study skills and additional 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, although this will vary from course to course - on some of our courses, assessment is entirely by coursework. The methods of assessment on this course are specified below under 'Methods of assessment on this course'. You will need to allow time to complete coursework and prepare for exams.

    Where a course has unseen written examinations, these may be held termly, but, on the majority of our courses, exams are usually taken in the Summer term, during May to June. Exams may be held at other times of the year as well. In most cases, exams are held during the day on a weekday - if you have daytime commitments, you will need to make arrangements for daytime attendance - but some exams are held in the evening. Exam timetables are published online.

    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.

  • 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.

    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 link. Please note that online application will open in September 2018.

    You will need to prove your identity when you apply - read more about suitable forms of identification.

    When to apply

    You are strongly advised to apply now, to ensure there are still places on your chosen course and to give you enough time to complete the admissions process, to arrange funding and to enrol.

    You don't need to complete your current programme of study before you apply - Birkbeck can offer you a place that is conditional on your results.

    Birkbeck Orientation is on Saturday 28 September 2019 and is a great way to start your studies - find out more about what's happening during Orientation. You will also receive information about subject-specific induction sessions over the summer.

    Help and advice with your application