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Faculty of Economics


MPhil in Economics - Home

This master’s degree is intended to equip you with the tools needed by a professional economist. The degree will give the technical training required to undertake a career in government, central banking, international organisations or private sector firms such as economic consultancies.

The Course will provide a broad analysis of macroeconomics and will contain a mix of theory, policy and empirical evidence. Microeconomics will cover the standard economic models of individual decision-making with and without uncertainty, models of consumer behaviour and producer behaviour under perfect competition and the Arrow-Debreu general equilibrium model. Econometrics will give a solid understanding of basic applied econometric methods in order to be able to analyse different kinds of economic data.


To obtain the degree of MPhil in Economics, students need to:


  • Attend the preparatory course in mathematics and statistics. The prep course runs from mid-September to early October. Its aim is to review and develop the required technical methods for the compulsory core modules in macroeconomics, microeconomics, and econometrics. The topics covered are: linear algebra; statistics; static optimisation; dynamic optimisation; differential and difference equations. Students are expected to pass a two hour examination at the end of this preparatory course.
Course Requirements
  • Candidates are required to attend and be assessed on 5 compulsory modules and 2 optional modules and a dissertation, or 5 compulsory modules and 3 optional modules. Compulsory modules consist of both lectures and classes.
  • Optional dissertation of up to 8,000 words; topic to be approved by the Degree Committee. During the second term, each student is allocated a supervisor for the dissertation. During the second and third terms the student will meet the supervisor to discuss an outline of the topic, a bibliography, the use of appropriate data and methods of analysis, and a draft of the dissertation. After the written examinations in the third term, students can concentrate entirely on their dissertations, with supervisors permitted to give comments until the end of June. Dissertations are submitted by the end of July. 


NB: from October 2020 E100 (Microeconomics I), E200 (Macroeconomics I) and E300 (Econometric Methods) will be the only compulsory modules and E101 (Applied Microeconomics) and E201 (Applied Macroeconomics) will be added to the list of optional modules.  In addition to the 3 compulsory modules students will also be required to take 4 optional modules and a dissertation or 5 optional modules.


Examination of the Modules will be in January, May and June.

Continuation to PhD

Continuation to PhD


The MPhil in Economics is designed for students who wish to obtain a one-year master's qualification before leaving academic economics, so it will not be possible for students to continue from the MPhil onto the PhD programme.