The Economics and Econometrics MSc programme offers a thorough training in advanced economic and econometric theory and quantitative methods, while allowing students to specialise or take options in a range of subjects reflecting the School’s main areas of research expertise.
Building on a sound general training in econometric methods, the project-oriented compulsory modules in time series econometrics and applied microeconometrics introduce you to the theory and practice of econometric modelling. The programme is one of the few courses in the UK to offer specialist training in advanced econometric methods and their application. Economists with quantitative skills and experience in empirical research are in high demand in both the private and public sector.
All of our MSc degrees equip you with a range of quantitative and analytical skills, and the ability to communicate complex economic concepts in a clear and concise style. Our programmes not only offer a stimulating education in economic theory, but also develop your ability to apply economic knowledge, analytical tools and skills to a range of national and international problems in the areas of finance, development, agriculture and the environment.
The School of Economics is dedicated to excellence in both teaching and research, as demonstrated by our results in the Research Excellence Framework (REF) 2014 and recent national student surveys. Our academic staff are active in research, and teaching and learning are informed by the School’s thriving research culture and strong cosmopolitan academic community.
We currently have 35 academic staff, with about 35-40 MSc and PhD students, which has the benefit of a good community for interaction between students but also means that each student receives a good deal of individual attention in classes and workshops. It also means that we are able to offer excellent facilities for research.
Our postgraduate student community is global with many of the students originating from outside the UK and Europe. There are also a number of different nationalities represented within the academic staff. You will be able to integrate into this multicultural environment and build yourself an international professional network for the future.
In the Research Excellence Framework (REF) 2014, research by the School of Economics was ranked 21st in the UK for research intensity and 84% of our research was judged to be of international quality. The School’s environment was judged to be conducive to supporting the development of research of international excellence.
In the Postgraduate Research Experience Survey (PTES) 2016, our performance placed us in the top quarter in all seven theme areas. Overall, the School achieved an 89% student satisfaction rate.
The Economics and Econometrics MSc is studied over one year full-time or two years part-time and is divided into two stages: eight taught modules (six of which are compulsory) and a dissertation.
There are compulsory modules in Microeconomics, Macroeconomics, Econometric Methods and a single module in Research Methods. There are a further two core econometrics modules: Time Series Econometrics and Applied Microeconometrics. The core modules build upon students’ existing knowledge, understanding and skills. Students develop a deeper understanding of economic and econometric theory, quantitative and research methods, and policy applications. The teaching and learning of skills are carefully integrated into the structure of the modules and degree programme. The final two modules are chosen from a range of options based upon the research interests of members of staff.
All of our MSc programmes require some mathematical analysis, and we recognise that students have widely differing backgrounds in mathematics. The first week of all our MSc programmes includes compulsory intensive teaching in mathematics, refreshing and improving your skills in order to equip you with the techniques you will need for the rest of the programme.
Students who successfully pass the taught element of the programme, proceed to the dissertation stage, where you undertake a supervised project of your choice on an Economics/Economics topic. Advice on choice of dissertation topic and management is given during the taught stage of the programme. The dissertation stage develops students’ research skills and follows on from the Research Methods module. Student dissertations are supervised by academic staff.
The following modules are indicative of those offered on this programme. This list is based on the current curriculum and may change year to year in response to new curriculum developments and innovation. Most programmes will require you to study a combination of compulsory and optional modules. You may also have the option to take modules from other programmes so that you may customise your programme and explore other subject areas that interest you.
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EC802 - Advanced Microeconomics of Consumers, Marketsand Welfare
This module examines the workings of the economic system from a disaggregated viewpoint. It is a standard module on advanced microeconomic theory and contains the basics of general equilibrium, including Walrasian equilibrium and welfare economics, and disequilibrium.Read more
EC805 - Advanced Macroeconomics I
This module is the core macroeconomic theory module in the MSc programmes in the School of Economics. The first part of the course deals with the microeconomic foundations of macroeconomics. The second part deals with short-term fluctuations in macroeconomic performance and how macroeconomic policy may be used to address these. The third part deals with a fundamental measure of long-term macroeconomic performance, economic growth.Read more
EC817 - Research Methods
The aim of this module is to introduce you to a range of research methods and sources available in modern economics, and enable you to gain an understanding of their application in the context of your own MSc dissertation topic. In more practical terms, this module deals with the practicalities of postgraduate level research: acquiring and reviewing basic analytical skills, choosing a dissertation topic, deriving interesting and well-focused research questions, addressing questions with data or theory, and interpreting and writing up results. It aims to ease the transition of students who merely learn about existing research to being researchers working on their MSc dissertations. The module is taught by various members of the School and as such will expose you to some topics we work on and the methodologies we use.Read more
EC820 - Time Series Econometrics
Since the probability theory revolution in econometrics, it has been standard to view economic time series, that is, chronological sequences of observations, as realisations of stochastic processes. This approach allows the model builder to use statistical inference when estimating relationships between economic variables and testing hypotheses from economic theory. Analysing the nature of time series and their description in some parametric statistical way are essential for empirical macroeconomic and financial modelling. Forecasting the macroeconomy and financial markets demands some knowledge of its structure. Designing and evaluating economic models often involves comparisons of their statistical implications against the true nature of time series such as inflation and growth. We consider these issues from both a univariate and a multivariate perspective, but often the multivariate statistical models turn out to be straightforward extensions of the univariate ones.
Most macroeconomic and financial time series follow a stochastic trend, so that temporary shocks have permanent effects. These time series are called nonstationary; they differ from stationary series which do not grow over time, but fluctuate around a given value. While statistical methods used for stationary time series can yield misleading results when applied to the analysis of nonstationary data, specific combinations of nonstationary time series may exhibit stationarity, thereby allowing for correct statistical inference. This phenomenon is called cointegration and is of special interest to this module.
The module offers a research-oriented introduction to the econometric analysis of economic and financial time series. Students are introduced to the methods and models used in central banks, research institutions for the analysis of macroeconomic data for policy purposes and forecasting as well as in financial institutions for the analysis of financial data as the foundation to investment decision.
This module aims to present a systematic and operational approach to econometric modelling, which combines the understanding of theories and techniques with their practical implementation for empirical research using econometric software. You also gain insight into contemporary empirical macro- and financial economics by linking the econometric theory to empirical studies of the macroeconomy and financial markets. The introduction to financial econometrics focused on the statistical properties of low-frequency financial market data and econometric methods that can be used for their analysis. The focus is on the modelling and forecasting of the time-varying volatility of asset returns, covering the tools of financial econometrics with a moderate degree of sophistication.Read more
EC821 - Econometric Methods
Empirical evaluation of economic models is crucial to the study and application of economics. This module aims to study basic econometric techniques in an intuitive and practical way to develop students understanding and ability to apply econometric methods.
Students will develop an understanding of the conventional linear regression model and the problems associated with the application of regression methods to economic modelling. The module is concerned with the application of econometric methods, with less emphasis on the mathematical aspects of the subject (which may be studied in other modules). The microcomputer software package Intercooled STATA will be used for practical work throughout this module, both as a means of providing realistic applications of the theory developed in lectures and to give students hands-on experience in the use of such software as a preparation for their own empirical research. With the development of new software this choice could change.
The specific topics dealt with are: the Linear Regression Model, dummy variables, omitted variable bias, non-linear models, multicollinearity, failure of classical assumptions, instrumental-variable methods and simultaneous equation systemsRead more
EC825 - Applied Microeconometrics
This module builds upon the material covered in EC821 Econometric Methods which introduced you to linear regression models and the problems associated with economic modelling involving single equation econometric techniques. The emphasis is on applied econometrics. Hence, the module is concerned with the application and properties of econometric methods, with less emphasis on the mathematical aspects of the subject. Our main focus concerns techniques appropriate for the analysis of cross-section and panel (cross-section/time series) data. Collectively, these latter techniques are referred to as microeconometrics.Read more
EC888 - Employability for MSc Economics Programmes
This module helps prepare students to acquire and develop the employability and transferable skills necessary to search and successfully apply for work experience and graduate opportunities in the commercial and public sector and for PhD programmes.
The curriculum will include guidance and practical exercises in application writing, CVs, careers advice, interview and assessment centre techniques, numeracy and competency tests, and psychometric evaluation.Read more
EC998 - Dissertation:Economics
The dissertation work is carefully structured across the whole academic year. On entry to the MSc programmes, you are made aware of the need to consider your dissertation during the taught part of the programme and to do some preparatory work in terms of selection of research topic and investigation of the availability of data before the beginning of the dissertation working period. You receive guidelines on the writing of economics dissertations, and various talks and advice above the researching and writing of your dissertation. You are allocated an appropriate member of staff as dissertation supervisor.Read more
Teaching and Assessment
Assessment is through a wide variety of methods including seminar presentations, extended essays, short projects, in-class tests, examinations, and the dissertation.
Kent has an excellent record for postgraduate employment: over 96% of our postgraduate students who graduated in 2015 found a job or further study opportunity within six months.
A postgraduate degree in the area of economics is a particularly valuable and flexible qualification that can open the door to exciting careers in many professions. Our graduates have gone on to work as economists in international organisations, the financial sector, business, UK and overseas governments, and to further postgraduate training and academic careers at Kent, UK and overseas universities. Recent MSc graduates have gone on to work for companies in the UK such as BNP Paribas, AXA, FactSet and PwC.
The School's employability officers and the University's Careers and Employability Service are available throughout the year to offer one-to-one advice and help on all aspects of employability at any stage in your postgraduate studies. We also offer online advice on employability skills, career choices, applications and interview skills.
The School provides rooms specifically for use by MSc students, with computer facilities and open space for discussion and group work.
All MSc students are assigned an academic adviser to be their point of reference for advice, support and guidance during their studies. They are also allocated a supervisor for the MSc dissertation, who can advise on data and provide comments on methodologies and the written material.
The School has an active and inclusive research culture involving all postgraduate students, with a regular seminar programme during the year mixing internal workshops with events to which we invite outside speakers. There is also a student Economics Society, which invites its own speakers for discussion of economics topics, and Kent Invest Society which manages a virtual portfolio.
An international school
Our postgraduate student community is global with about half the students originating from outside the UK and Europe, including Africa, China, India, the Middle East, Pakistan, Russia and the USA. We have strong links with universities in Australia, Bulgaria, China, Germany, Japan and the USA, among others. Economics staff teach on the postgraduate courses provided by the University of Kent at Brussels. You will be able to integrate into this multicultural environment and build the foundations for an international professional network.
Dynamic publishing culture
Staff publish regularly and widely in journals, conference proceedings and books. Recent contributions include: Journal of Economics; Journal of Applied Economics; Journal of Public Economic Theory; Journal of Agricultural Economics; Journal of International Money and Finance.
Global Skills Award
All students registered for a taught Master's programme are eligible to apply for a place on our Global Skills Award Programme. The programme is designed to broaden your understanding of global issues and current affairs as well as to develop personal skills which will enhance your employability.
A good first degree (good second class honours or equivalent) in economics or a combined degree in economics and another subject.
All applicants are considered on an individual basis and additional qualifications, and professional qualifications and experience will also be taken into account when considering applications.
Please see our International Student website for entry requirements by country and other relevant information for your country.
English language entry requirements
The University requires all non-native speakers of English to reach a minimum standard of proficiency in written and spoken English before beginning a postgraduate degree. Certain subjects require a higher level.
For detailed information see our English language requirements web pages.
Need help with English?
Please note that if you are required to meet an English language condition, we offer a number of pre-sessional courses in English for Academic Purposes through Kent International Pathways.
The School of Economics has a strong research culture and an international reputation in several fields, particularly applied microeconomics (labour and agri-environmental), quantitative macroeconomic theory, macro and microeconometrics and economic development.
The School is home to two research centres and one research group:
Centre for Agri-Environmental Studies (CEAS)
CEAS has a long history of participating in agri-environmental research and policy debate. Founded in 1974 to conduct research into the implications of the UK's entry to the European Economic Community, CEAS has developed into a centre of research excellence, focusing on food and agri-environmental policy in the UK and Europe.
Macroeconomics, Growth and History Centre (MaGHiC)
MaGHiC brings together a large number of researchers at the School whose main interests lie in the wide area of macroeconomics. MaGHiC is the focal point for macroeconomic research, impact and training at the University of Kent. The centre's main focus is on the analysis of macroeconomic issues, including productivity and growth, labour markets, income distribution, business cycles and macroeconomic phenomena from a historical perspective. The group also has technical strength in computational economics, macroeconometric modelling and forecasting, and expertise in building long-run macroeconomic time series and reconstructing historical national accounts.
Microeconomics Research Group
In addition to the two research centres, the School has an active microeconomics research group, whose members' research spans applied and theoretical microeconomics, and microeconometrics. The group's research covers a wide range of areas with the main focus being on development economics, labour and education economics, microeconometrics, games and behavioural economics, the economics of food, economic geography, industrial organisation and the economics of tax.
Staff research interests
Full details of staff research interests can be found on the School's website.
The 2019/20 annual tuition fees for this programme are:
|Economics and Econometrics - MSc at Canterbury:|
For students continuing on this programme fees will increase year on year by no more than RPI + 3% in each academic year of study except where regulated.* If you are uncertain about your fee status please contact firstname.lastname@example.org
General additional costs
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