About this course
Study macro and microeconomics to evaluate economic policy and problems on this MSc Economics at Southampton. Gain in-depth knowledge of the concepts, tools and methods used in modern economics.
This 1 year master’s will prepare you for a career as an economist, or to continue your research studies and is an Economic and Social Research Council (ESRC) recognised training programme.
Learn about the economic frameworks and processes that underpin global financial systems. Discover their role in solving a range of economic problems. You can study the impact economics can have on a range of sectors from labour and industry to finance and trade.
You’ll develop the skills to:
- understand the theoretical foundations of economic analysis
- formulate, manipulate and draw conclusions from an economic model
- apply economic analysis to a range of policy areas
- test and evaluate economic models using a variety of research methodologies, data and techniques of analysis
- present ideas, arguments and research findings effectively
You’ll look at economic theory and econometric methods across a range of topics. You’ll also gain in-depth knowledge of specific areas of economics necessary to carry out independent research. This will lead to a dissertation on a subject within an area you choose.
You’ll also have access to our Financial Laboratory (FinLab) which hosts 21 Bloomberg terminals giving you access to real-time data, breaking news and powerful analytics.
As a master’s student in the School of Economics you’ll be part of a friendly and cohesive group that play an active role in the department’s academic and social life.
Flexible study
If you prefer, you can apply to study this course as:
- a part-time master's - study the same course content over 2 or more years
Your modules and fees may vary if you choose a different study option.
As a research-led University we undertake a continuous review of our courses to ensure quality enhancement and to manage our resources. As a result, this course may be revised however, any revision will be balanced against the requirement that the student should receive the educational service expected. Find out why, when and how we might make changes.
Course lead
Your course leader is Dr Christian Kellner, an associate professor in economics. His research focuses on how people make decisions in uncertain situations, such as contract design or communication. Read Dr Kellner's staff profile to find out more about his work.
“There are a number of modules specifically designed to provide the tools required to undertake good Economic research. The modules are challenging at times and there is a good balance of theoretical and empirical content.”
Learn more about this subject area
Course location
This course is based at Highfield.
Awarding body
This qualification is awarded by the University of Southampton.
Download the Course Description Document
The Course Description Document details your course overview, your course structure and how your course is taught and assessed.
Entry requirements
You'll need a degree in a relevant subject such as:
- economics
- mathematics
- engineering
- data science
- computer science
- physics
- a related subject with a high maths content
Find the equivalent international qualifications for your country.
English language requirements
If English isn't your first language, you'll need to complete an International English Language Testing System (IELTS) to demonstrate your competence in English. You'll need all of the following scores as a minimum:
IELTS score requirements
- overall score
- 6.5
- reading
- 6.0
- writing
- 6.0
- speaking
- 6.0
- listening
- 6.0
We accept other English language tests. Find out which English language tests we accept.
Pre-masters
If you don't have the qualifications or English language skills to meet the entry requirements of a master's degree at Southampton, studying one of our pre-master's programmes can help you. Learn more about what they are and which courses are currently available.
Got a question?
Please contact us if you're not sure you have the right experience or qualifications to get onto this course.
Email: enquiries@southampton.ac.uk
Tel: +44(0)23 8059 5000
Course structure
On this full-time UK master’s in economics you’ll study over 12 months.
The taught part of the degree takes place between October and June. It consists of 30 study weeks divided into 2 semesters.
You’ll study a number of modules each semester. When you successfully complete them you’ll carry out 3 months of supervised research for your dissertation. This takes place during the summer months.
Want more detail? See all the modules in the course.
Modules
The modules outlined provide examples of what you can expect to learn on this degree course based on recent academic teaching. As a research-led University, we undertake a continuous review of our course to ensure quality enhancement and to manage our resources. The precise modules available to you in future years may vary depending on staff availability and research interests, new topics of study, timetabling and student demand. Find out why, when and how we might make changes.
Year 1 modules
You must study the following modules :
Applied Microeconometrics
This module covers the application of concepts and methods in contemporary microeconometrics to address various applied research questions using mainly individual level (e.g. firms, households) micro data. Many of the examples will come from labour, publ...
Dissertation
You will undertake a substantive piece of independent academic work, performing economic research on your chosen research topic. You will motivate your research topic, survey and review the relevant academic literature and identify gaps in our knowledge b...
Macroeconomics
To provide students with a solid grounding in the techniques of modern macroeconomic theory, with particular emphasis on real business cycle models. The tools you will learn will enable you to understand cutting edge research and provide foundations on wh...
Microeconomics
To provide graduate students in economics with an introduction to the basic frameworks of graduate-level microeconomic theory: general equilibrium theory and game theory. Special emphasis will be given to the design, construction and the solution of econo...
Preliminary Mathematics and Statistics
This two week intensive course is designed to ensure that students who start postgraduate programmes in Economics will have the skills in mathematics and statistics needed for their subsequent modules. The course has two components, statistics and mathem...
Quantitative Methods
This module will present and discuss the main econometric techniques that are used in applied econometric research, to provide the student with a through foundation in econometrics useful for later modules and the dissertation.
You must also choose from the following modules :
Corporate Finance
This module acquaints students with the main concepts, methods and insights in corporate finance at the graduate level. It focuses on firms' financial decision-making and its effect on corporate profits and valuations. Particular emphasis will be placed o...
Economic Development and Policy
This module studies economic development, growth, inequality and poverty and as such will focus on related policies. It combines a macroeconomic viewpoint with microeconomic foundations, to understand, evaluate and devise economic policy in developing cou...
Experimental Economics
This module will introduce students to experimental methods in economics. Emphasis will be on the methodology, in particular, statistical techniques necessary for establishing causality and valid inference, non-parametric and other useful non-standard sta...
Health Policy and Economics
The growing expertise in health economics at the Department of Economics offers a unique opportunity for the introduction of a health policy and economics module. The importance of health for any human being, the size of the health sector, the limited re...
Household Finance
This module familiarises students with theories and evidence of consumer/household financial decision making. The module examines optimal and actual financial decisions by households, e.g. on borrowing and saving, and the role of financial service provisi...
Industrial Economics
The module will provide an introduction to the field of Industrial Organisation at a graduate level.
International Trade
This module will familiarise the student with the key methods and insights in international trade at graduate level. Theoretical models of international are presented in light of the empirical evidence and applied to a number of concrete research and poli...
Labour Economics
The course discusses in details some of the most important topics in labour economics research by bringing the theory to the data using a combination of empirical methodologies.
Numerical Methods in Macroeconomics
Modern macroeconomic research in academic, government and other institutions relies heavily on using numerical methods to simulate economic models and generate counterfactual outcome for policy analysis. This odule will familiarise the students with numer...
Resource and Energy Economics
This module addresses the main economic problems arising in the management and allocation of natural resources, with a particular focus on energy and the constraints that the natural environment represents for economic growth. It combines economic theory,...
Time Series Econometrics
This module explores the properties of a wide range of models and statistical techniques used to describe and analyse Economic and Financial time series data. The aim is to highlight the usefulness of theoretical time series techniques for understanding d...
Topics in Econometrics
This module will acquaint students with advanced econometric research methods used in current economic research. It will cover both theoretical foundations of the methods as well as their application to analysing data, using adequate software packages.
Topics in Macroeconomics
The module will introduce students to the monetary economics literature and in particular to New Keynesian framework which is at the heart of the medium-scale models used by many central banks. The core of the module will focus on the relationship betwee...
Topics in Microeconomics
This module builds on your knowledge and understanding of microeconomics from ECON6021 and allows you to study in greater depth some selected topics of current interest in microeconomic theory. The objective of the module is to provide students with suffi...
Learning and assessment
Learning
At the start of of this economics master’s degree you’ll attend a 2 week intensive course designed to ensure you have the skills in mathematics and statistics to successfully carry out economic analysis and econometric methods study.
Most of your learning takes place as small-group teaching. You’ll also learn through a range of teaching and learning methods, including:
- lectures
- seminars
- problem classes
- independent research
You’ll take part in research workshops to develop skills in designing, carrying out and managing independent economics research. We’ll assess what you cover in these workshops through your dissertation.
We also run more general social sciences research skills workshops you can attend, covering:
- bibliographic skills
- ethical issues in social research
- writing and dissemination skills
- personal and career development
Assessment
We’ll assess you using:
- written exams
- problem sets
- project-based coursework
- dissertation
Exams are held at the end of each semester.
Dissertation
The final 3 months of the course are spent preparing your dissertation, and you’ll need to complete it by the end of September.
You’ll carry out this research with supervision from a member of staff who has related research interests.
Academic Support
We'll assign you a personal academic tutor, and you'll have access to a senior tutor.
Careers
With an MSc in Economics you’ll graduate with the knowledge and skills to work as economic or econometric analysts in a variety of organisations:
- central and local governments
- European Union institutions
- statistical offices
- central banks
- financial supervision authorities
- international aid organisations
- commercial banks and financial institutions
You’ll also be in an ideal position to continue your researches at PhD level.
Careers services at Southampton
We're a top 20 UK university for employability (QS Graduate Employability Rankings 2022). Our Careers, Employability and Student Enterprise team will support you throughout your time as a student and for up to 5 years after graduation. This support includes:
- work experience schemes
- CV/resume and interview skills workshops
- networking events
- careers fairs attended by top employers
- a wealth of volunteering opportunities
- study abroad and summer school opportunities
We have a thriving entrepreneurship culture. You'll be able to take advantage of:
- our dedicated start-up incubator, Futureworlds
- a wide variety of enterprise events run throughout the year
- our partnership in the world’s number 1 business incubator, SETsquared
Fees, costs and funding
Tuition fees
Fees for a year's study:
- UK students pay £9,250.
- EU and international students pay £28,900.
Deposit
If you're an international student on a full-time course, we'll ask you to pay £2,000 of you tuition fees in advance, as a deposit.
Your offer letter will tell you when this should be paid and provide full terms and conditions.
Find out about exemptions, refunds and how to pay your deposit on our tuition fees for overseas students page.
What your fees pay for
Your tuition fee covers the full cost of tuition and any exams.
Find out how to pay your tuition fees.
Accommodation and living costs, such as travel and food, are not included in your tuition fees. Explore:
10% alumni discount
If you’re a graduate of the University of Southampton, you could be eligible for a 10% discount on your postgraduate tuition fees.
Postgraduate Master’s Loans (UK nationals only)
This can help with course fees and living costs while you study a postgraduate master's course. Find out if you're eligible.
Southampton Economic, Social and Political Sciences Postgraduate International Scholarship
A scholarship of £3,000 is available to international students studying for a postgraduate master’s in Economic, Social and Political Sciences.
Find out more about the Southampton Economic, Social and Political Sciences International Scholarship, including eligibility and conditions.
Other postgraduate funding options
A variety of additional funding options may be available to help you pay for your master’s study. Both from the University and other organisations.
Funding for EU and international students
Find out about funding you could get as an international student.
How to apply
- Use the 'apply for this course' button on this page to take you to our online application form.
- Search for the course you want to apply for.
- Complete the application form and upload any supporting documents.
- Submit your application.
For further details, read our step by step guide to postgraduate taught applications.
Application deadlines
There are different deadlines for this course. Depending on which country you permanently reside in, applications are expected to close:
- Applicants permanently resident in China: Closed on Wednesday 29 November 2023
- Applicants permanently resident in other countries: Wednesday 29 May 2024 - midday UK time
- Applicants permanently resident in the UK: Wednesday 3 July 2024 - midday UK time
We advise applying early as applications may close before the expected deadline if places are filled.
Our admissions process for this course means that we look at batches of applications together. We send offers to applicants on a continuous basis. Due to the high number of applications, we may not be able to make you an offer, even if you meet the course criteria.
Application assessment fee
We’ll ask you to pay a £50 application assessment fee if you’re applying for a postgraduate taught course.
This is an extra one-off charge which is separate to your tuition fees and is payable per application. It covers the work and time it takes us to assess your application. You’ll be prompted to pay when you submit your application which won’t progress until you've paid.
If you're a current or former University of Southampton student, or if you’re applying for certain scholarships, you will not need to pay the fee. PGCE applications through GOV.UK and Master of Research (MRes) degree applications are also exempt. Find out if you’re exempt on our terms and conditions page.
Supporting information
When you apply you’ll need to submit a personal statement explaining why you want to take the course.
You’ll need to include information about:
- your knowledge of the subject area
- why you want to study a postgraduate qualification in this course
- how you intend to use your qualification
You'll also need to send 2 academic references.
Please include the required paperwork showing your first degree and your IELTS English language test score (if you are a non-native English speaker) with your application. Without these, your application may be delayed.
What happens after you apply
You'll be able to track your application through our online Applicant Record System.
We receive a high volume of applications for this course. This means you may not receive a response to your application for up to 12 weeks.
Unfortunately, due to number of applications we receive, we may not be able to give you specific feedback on your application if you are unsuccessful.
Equality and diversity
We treat and select everyone in line with our Equality and Diversity Statement.
Got a question?
Please contact us if you're not sure you have the right experience or qualifications to get onto this course.
Email: enquiries@southampton.ac.uk
Tel: +44(0)23 8059 5000