The University of Southampton
Social Sciences: EconomicsPart of Social Sciences

L101 M.Econ Master in Economics (4 yrs)

Economics is the study of these decisions and actions. Studying the way economic processes work helps us to understand the society in which we live.

The MEcon Master in Economics is a four year programme which allows students to study Economics in depth.

Book your placeVisit us at an Open Day on 3 or 4 September 2016

Introducing your course

This integrated master degree offers an alternative to a three-year UG programme plus one-year MSc, and it is eligible for four years of student loans. You will develop the conceptual, analytical and research skills you need to become a professional economist.
You can convert to the BSc Economics, if you wish, as the course is designed to be very flexible. In your first three years, you can take the same optional modules as a Single Hons Economics student, including language modules and interdisciplinary modules.

Overview

What is this?(More Information)This information is based on historical data and may have been aggregated. Find out more.

The programme offers you the opportunity to study Economics in depth. This will equip you with the knowledge and understanding of economic theory and its application necessary to pursue a career as a professional economist in the private or public sectors.

Students who are eligible for a Student Loan can obtain loans for all four years of the course, including the Masters year. It is not possible to obtain a student loan for a standalone Masters degree. Students who are enrolled on an M.Econ degree can usually convert it to a BSc. Economics if they choose to finish their degree a year early. The M.Econ is not part of the minors programme, whilst the BSc. Economics can be taken with a minor subject.

The programme aims:

  • to equip you with a rigorous and thorough knowledge and understanding of the core areas of economics, i.e. microeconomics, macroeconomics and quantitative methods;
  • to enable you to apply economic analysis to issues and policy problems in different areas of economics;
  • to equip you with depth in knowledge and understanding of the workings of the economy;
  • to equip you with the conceptual and analytic tools required of a professional economist, and to provide opportunities for the development and application of these tools;
  • to provide you with a thorough grounding in the research methods of economics;
  • to develop critical and evaluative thinking in the context of economics;
  • to enable you to develop, through the study of economics, a range of skills and abilities that will contribute to your effectiveness as a professional economist;
  • to support you in becoming an independent learner, and in planning your studies and subsequent career.

View the programme specification document for this course

To Apply

All applications for full-time study should be made through UCAS - www.ucas.com Applications for part-time study can be made through UCAS or directly to the University.

Programme Structure

Module choices in year one are dependent on whether you have studied economics at A level. The programme structure below outlines the modules that you may typically expect to study, although this may vary depending on demand for the modules and staff availability. Eight modules are studied each year, with four in each semester. During year three you will study a dissertation, equivalent to two modules, which is a piece of independent research on a topic of your choice spread over both semesters. During year four you will study an advanced research project which is comprised of two pieces of work, the first associated with quantitative methods and would be of an empirical nature, and the second piece will be associated with another module you are studying.

Key Facts

  • Studying Economics at the University of Southampton means joining one of Europe's top Economics departments, with a high profile in both teaching and research.
  • For UK and EU students, there is the opportunity to study within another European Economics department, as part of the ERASMUS scheme, as well as Brazil and the USA.

Entry Requirements

Typical entry requirements

GCSEs:
QualificationGrade
GCSEGCSE English grade C or above (or an equivalent standard in other approved by the University English language qualification approved by the University)
A Levels:
QualificationGrade
GCE A-level
  • 3 A level subjects: AAB (including A level Mathematics at grade B or above) or ABB (including A level Mathematics at grade B or above) with grade A in the Extended Project Qualification.

  • 4 A level subjects: ABBB (including A level Mathematics at grade B or above) or BBBB (including A level Mathematics at grade B or above) with grade A in the Extended Project Qualification.

Queries about contextualised offers can be made to: ugapplyfshs@soton.ac.uk. Information about the university’s scheme to widen participation (A2S) can be found here: Access to Southampton

Although an Economics A level is not required, preference will be given to applicants taking at least one analytical A level subject; that is, either Economics or Mathematics or a science-based subject.

Most A level subjects are acceptable with the exception of General Studies. One subject such as those on the following list is accepted if combined with other academic subjects:

  • Art, including Design, Fine Art, Photography, Textiles, etc
  • Critical Thinking
  • Home Economics
  • ICT
  • Leisure Studies
  • Media Studies
  • Music, including Music Technology
  • Sports Studies including all forms of PE, Dance, etc
  • Theatre Studies including Drama and Performing Arts
  • Travel and Tourism

There may be a few places available for marginal candidates who have just missed the grades required by their conditional offer. For these students ONLY, the Admissions Tutor will consider any extra A level subject, including General Studies. Therefore, it is worth taking an extra A level as an insurance policy. There is no guarantee that extra spaces will be available.

IB:
QualificationGrade
International Baccalaureate34 points, 17 at Higher Level, including 5 in Higher Level Mathematics
Alternative qualifications

We welcome applications from candidates offering qualifications other than A and AS levels (including BTEC, European Baccalaureate, International Baccalaureate, Irish Leaving Certificate and Scottish Highers). You will be expected to attain an equivalent standard to an A level applicant or an equivalent standard in other qualifications approved by the University. Contact us for further information on equivalencies for these qualifications and others not listed here.

Please note that we cannot accept applicants from Greece on the basis of the Apolyterion alone; it must be supplemented by two A levels or an equivalent qualification.

International applications

We welcome applications from international students. Helpful information on applying, meeting a University representative in your country, or improving your English language levels can be found on the International Office website. If English is not your first language you will be required to pass an approved English test. We normally ask for a score of IELTS 6.5.

Mature applicants

We welcome applications from mature students: if you will be over 21 at the start of your proposed degree programme, you are eligible for exemption from our normal entry requirements. However, you will be required to provide evidence of having completed recent serious and successful study (e.g. Access, Return to Study, Open University Foundation Courses), and of your capacity to pursue the course. Please note - due to the mathematical content of the courses at Southampton, you will be expected to have studied the appropriate level of mathematics relevant to the course.

Contextual Admissions

The University of Southampton is committed to widening participation and ensuring that all students with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data supports our admissions teams to recognise a student’s potential to succeed in the context of their background and experience. Students who flagged in this way will be made an offer which is lower than the typical offer for that programme

A typical contextual offer is ABB including grade B in A level Mathematics from three A levels or an equivalent standard in other qualifications approved by the University.

Please see our contextual admissions pages for more information.

Selection process:

We usually make our decisions based on your UCAS form alone. Only candidates who require special consideration, e.g. on grounds of age or non-standard entry qualifications, are interviewed.

All of our degree programmes require modules in mathematics (algebra and calculus) and statistics to be taken in the first year. If you have not studied mathematics for some time, you are strongly advised to prepare for these courses prior to entry

This page contains specific entry requirements for this course. Find out about equivalent entry requirements and qualifications for your country.

Modules

Typical course content

Eight modules are studied each year, with four in each semester.

The programme structure below outlines the modules that you may typically expect to study, although this may vary depending on demand for the modules and staff availability.

Innovation modules outside of your subject area

Our Curriculum Innovation Programme offers you the chance to take optional modules outside of your chosen subject area. This allows you to personalise your education, to develop new skills and knowledge for your future. Modules range from "Living and working on the web" to "Business skills for employability".

View the Curriculum Innovation modules for this course


Learn a language

Some of our courses also give you the option of taking a language module, which can count towards your degree. These modules cover ten languages and range from absolute beginner to near-native speaker level.

View the language modules on offer for this course

Year 1

Module choices in year one are dependent on whether you have studied economics at A level.

Students take two optional modules in the first semester and one in the second. Optional modules may be chosen from within Economics or from other departments such as Philosophy, Languages, Film, Music, Geography, History, Biology, Archaeology, Psychology, Archaeology, Anthropology, Criminology, Education, and Sociology. Students who wish to pursue advanced Econometrics modules should choose ‘Quantitative Modelling in Economics’ in their First Year.

Semester One

Students who do not have Economics A-level take Module ECON1001, those who have Economics A-level take Module ECON1003. Once chosen, these modules become core.

Compulsory
ECON1008
Mathematics For Economics
Optional
MANG1001
Financial Accounting 1

These are only example. There is a wide choice of optional modules (see above).

Semester Two
Compulsory
ECON1002
Principles of Macroeconomics
ECON1004
Economic Perspective and Policy
ECON1007
Statistics For Economics
Optional
ECON1011
Quantitative Modelling in Economics
MANG1002
Management Accounting 1

These are only examples. There is a wide choice of optional modules (see above).

Year 2

Students take two optional modules. Modules are offered by other departments (as above). Students may also choose from Economics optional modules. For example: Development Economics, International Trade Theory, Industrial Economics and a number of modules in Econometrics.

Semester One

Students may taken either ECON2006 or ECON2026.

Compulsory
ECON2002
Macroeconomic Policy 2
ECON2003
Microeconomics of Markets
ECON2033
Microeconomics of Strategy
Semester Two

If students take ECON2006 in semester one, then they must also take ECON2007.

If students take ECON2026 in semester one, then they must also take ECON2032.

Compulsory
ECON2004
Topics in Macroeconomics 2
Optional
ECON2013
Development Economics
ECON2005
Industrial Economics 2
ECON2010
International Trade Theory and Policy

These are only examples. There is a wide choice of optional modules (see above).

Year 3

During year three you will study a dissertation, equivalent to two modules, which is a piece of independent research on a topic of your choice spread over both semesters.

Students take optional modules as in Year 2 which may be from outside the Economics division. Optional Economics modules include modules in Econometrics, Finance, Labour Economics and Public Economics.

Semester One

Dissertation module ECON3023 must be taken.

Compulsory
ECON3010
Topics in Macroeconomics 3
Optional
ECON3027
Labour Economics
ECON3015
Principles of Finance
ECON3031
Applied Econometrics

These are only examples. There is a wide choice of optional modules (see above).

Semester Two

The dissertation module (ECON3023) runs over both semester.

Compulsory
ECON3008
Macroeconomic Policy 3
ECON3009
Microeconomic Theory 3
Optional
ECON3016
Empirical Finance
ECON3004
Public Economics
ECON3008
Macroeconomic Policy 3

These are only examples. There is a wide choice of optional modules (see above).

Year 4

During year four (Masters) you will study an advanced research project which is comprised of two pieces of work, the first associated with quantitative methods and would be of an empirical nature, and the second piece will be associated with another module you are studying.

Semester One

An advanced research project (ECON6036) must be taken.

Students are to take either ECON6004 or ECON6024; they are taught in semester one but examined in semester two.

Compulsory
ECON6021
Microeconomics
ECON6023
Macroeconomics
Semester Two

The advanced research project module runs over both semesters.

 

In addition to the compulsory modules listed, students can choose up to 3 modules from the optional modules list below. If ECON6002 is taken, then only one other optional module should be chosen.

Optional
ECON6007
Labour Economics
ECON6008
Industrial Economics
ECON6011
Advanced Topics in Econometrics
ECON6015
Finance
ECON6016
International Trade
ECON6017
Economic Policy in Development
ECON6025
Topics in Economic Theory
ECON6032
Topics in Macroeconomics
ECON6037
Experimental Economics

These are only examples. There is a wide choice of optional modules (see above).

Please note: This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if s/he takes full advantage of the learning opportunities that are provided. More detailed information can be found in the programme handbook (or other appropriate guide or website).

Fees & funding

Tuition fees

Course fees for 2016/17 full-time UK and EU undergraduate students are typically £9,000 per year. Tuition fees for international students differ between each course. Most part-time courses cost 50% of the full-time fee.

View the full list of course fees

Funding

Scholarships, bursaries or grants may be available to support you through your course. Funding opportunities available to you are linked to your subject area and/or your country of origin. These can be from the University of Southampton or other sources.

Explore funding opportunities

Costs associated with this course

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

There will also be further costs for the following, not purchasable from the University:

TypeDescription
EquipmentApproved calculators: Candidates may use calculators in the examination room only as specified by the University and as permitted by the rubric of individual examination papers. The University approved model is Casio FX-570 This may be purchased from any source and no longer needs to carry the University logo.
StationeryYou will be expected to provide your own day-to-day stationery items, e.g. pens, pencils, notebooks, etc. Any specialist stationery items will be specified under the Additional Costs tab of the relevant module profile.
BooksWhere a module specifies core texts these should generally be available on the reserve list in the library. However due to demand, students may prefer to buy their own copies. These can be purchased from any source. Some modules suggest reading texts as optional background reading. The library may hold copies of such texts, or alternatively you may wish to purchase your own copies. Although not essential reading, you may benefit from the additional reading materials for the module.
EquipmentIT: Software licences - Publicly available software in public workstations and some available via iSolutions, but otherwise purchase.
Printing and copyingIn the majority of cases, coursework such as essays, projects, dissertations is likely to be submitted on line. However, there are some items where it is not possible to submit on line and students will be asked to provide a printed copy. A list of the University printing costs can be found here: http://www.southampton.ac.uk/isolutions/students/printing/

In some cases you'll be able to choose modules (which may have different costs associated with that module) which will change the overall cost of a programme to you. Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

Career Opportunities

Employability is embedded into modules from the first year onwards and right from the first lecture. We explain the degree skills which are taught throughout the modules and offer a number of optional employability modules.

The skills you will develop are in high demand. Our degrees are a passport to vocational and non-vocational careers alike, with recent graduates employed in a diverse range of professions from banking and insurance to analysis, market research and economics.

Read more about the careers and employability support we offer.

Learning & Assessment

Our degrees are full-time honours programmes of three years duration, with the exception of the M.Econ. programme, which lasts 4 years. All programmes aim to provide knowledge of the key concepts and arguments in the relevant subjects together with the capacity to apply this knowledge in a variety of contexts. In addition, we seek to ensure that all of our students are able to use data and quantitative techniques appropriately and effectively. The overall programme structure is a flexible one, allowing you to discover and pursue your own interests - either by choice of options or, if appropriate, by changing degree course at the end of year one.

Lectures and classes

Teaching takes place during two semesters, the first running from October to February and the second from February through to June. Eight subject units are taken per year - normally four per semester - some of which are compulsory and others optional. Teaching comprises both lectures (two or three per week, depending on the module) and weekly or fortnightly small group classes. In a typical semester you would spend about twelve hours per week attending lectures and classes; in addition, we expect about twenty-eight hours of self-study (preparing for classes, writing essays and so on) bringing the weekly total to forty hours.

Assessment

Modules are examined at the end of the semester in which they are taught, and in some cases a coursework mark will contribute to the overall grade for the unit. Satisfactory performance in the first year is required in order to progress to year two. Final degree classes are based upon marks from the second and third years.

Resources

The resources for teaching and learning at Southampton are excellent. The University's Hartley library, which is located close to the Division, contains a comprehensive collection of books and journals. Computer workstations are available both on the campus and at halls of residence, in many cases offering round-the-clock access. In addition, every student is provided with an e-mail account, and all rooms in halls of residence have a telephone/internet connection.

Study Locations

Highfield campus

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