School of Economics

Programme Structure

The MSc lasts for 12 months from August to the end of July in the following year (in time for PhD study at other institutions).

The taught component of the programme is worth 130 credits, and courses are assessed mainly by class exams and final exams during April and May. The dissertation is submitted in July and is worth 50 credits. The July dissertation submission deadline means students have finished all programme requirements in time for the start of PhD programmes elsewhere.

Foundation Courses

The programme starts in August with the intensive Foundations of Economics (10 credits), which takes students through foundational micro- and macroeconomics, emphasising economic intuitions rather than technical details.

In September, students take Further Topics in Economics (10 credits), which goes through a small number of topics in detail, this time emphasising how advanced mathematical techniques are used in economic reasoning. Students are also encouraged to audit Foundations of Statistics and Econometrics (0 credits), which introduces the application of statistical theory in the context of economics.

Core Courses

In October and November, students take Econometrics 1 (20 credits), Macroeconomics 1 (20 credits) and Mathematical Microeconomics 1 (30 credits). In January and February,  students take Econometrics 2, Macroeconomics 2, and Microeconomics 2 (all 10 credit courses). These courses form the core of any leading MSc in Economics, with one exception: one third of Mathematical Microeconomics 1 is devoted to mathematical proofs. Most of these courses are shared with our existing MSc in Economics, which is a collaborative programme taught by academics from across Scotland.

In addition to these courses, students form small teams for the Econometrics Project (10 credits), to work on a practical empirical topic using modern econometric techniques. Students form their groups by December and submit their final assessment in March, also attending the 2-day SGPE Annual Residential Conference in January to present on their chosen topic.

Dissertation & Auditing Opportunities

In March, students begin working on their dissertations, which are submitted in July. Students are encouraged to audit courses in March that are relevant to their research. In previous years, available courses included:

  • Advanced Topics in Macroeconomics
  • Advanced Topics in Microeconomics
  • Advanced Time Series Econometrics 
  • Advanced Microeconometrics
  • Asset Pricing 
  • Bayesian Econometrics 
  • Corporate Finance 
  • Development Economics
  • Development and Methodology of Economic Thought
  • Economics of Labour Markets
  • Economics of the Public Sector
  • Economic Policy
  • Environmental and Natural Resource Economics
  • Experimental Economics and Finance   
  • Health Economics
  • International Money and Finance
  • Industrial Organisation
  • International Trade
  • Topics in Economic History