# General

Applicants who have not previously studied economics, or who have studied only a limited amount of economics,  should apply for the Advanced Diploma in Economics.  Subject to performance in the Diploma, they may then proceed if they wish to one of the MPhil degrees, thus achieving a Master's qualification after two years of study.

All applicants should have attained or expect to attain the highest undergraduate qualifications. Applicants from UK universities are usually expected to have at least a good 2.1 (av 68/69) degree. Applicants from North American institutions should have attained or expect to attain a GPA of 3.6 out of 4 or its equivalent. Applicants from other educational systems should not apply unless they are, or expect to be, within the top ten per cent of their reference group.

# Mathematics Requirements

A good mathematical background is essential for applicants to the Diploma and under no circumstances would we consider applicants who do not have A'level Mathematics grade A or the equivalent.  You must already be familiar with all the following mathematical and statistical concepts, before starting the course.

# Mathematics

Real numbers, sets and basic algebra. The use of graphs, the meaning of continuity and limits. Rates of change. Differentiation, gradients, extrema and approximations. Differentiation of functions of more than one variable, partial and total derivatives. Unconstrained and equality constrained optimisation (Lagrange's Method). Integrals as areas, rules of integration (including "substitution" and "by parts"). Simple difference and differential equations.

Dinwiddy, Elementary Mathematics for Economists (Oxford University Press) or Bradley and Patton Essential Mathematics for Economics and Business (Wiley) both cover these topics well.

# Probability & Statistics

Elementary probability. The notion of a probability distribution. Location and dispersion measures (mean and variance). Random samples and the sampling distribution of means and variances. Confidence intervals. Simple hypothesis testing. Correlation. Simple linear regression.

The probability and statistics you need to know is covered in great detail in the first twelve chapters of Mason, Lind and Marchal Statistical Techniques in Business and Economics 10th Edition (McGraw Hill).

# GRE Requirements

All applicants whose previous university training is from countries outside the UK must submit the results of a recent Graduate Record Examination (GRE) General Test (applicants taking a degree via the University of London International Programme are required to take a GRE test).  The Faculty will not normally consider admitting a student whose score registers below the 90th percentile in the quantitative section and below the 50th percentile in the analytical writing section of the test.  The Faculty must receive the results of the GRE General Test to meet application deadlines (see How and When to Apply).

Note:  The Faculty may request candidates from UK universities to take the GRE General Test.
Details of registration deadlines for this test, and of opportunities to take the computer-based test can be sought from ETS, which administers the test.  The GRE website can be accessed to order publications, try out sample questions and for information regarding test dates and locations. GRE Customer Service number: +1-609-771-7670 GRE Fax number: +1-609-771-7906.

Specific questions about the GRE can be emailed directly to gre-info@etc.org

The University of Cambridge Faculty of Economics institution code for GRE is 2433

Details of entry for the GRE test are often available within the candidate’s home country, or can be obtained from:

Applications from Europe:
CITO/GRE
P O Box 1109
6801 BC Arnhem
Netherlands

Other Applications:
GRE
Educational Testing Service
P O Box 6000
Princeton,
NJ 08541-6000 USA