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Economics

My qualifications are from: United Kingdom.

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What you'll need

If you studied any part of your degree in China, you’ll need to obtain a triage service number to submit with your application. There is a charge of £25 for this service.

You'll also need to submit:

  • School or college transcripts/certificates
  • University transcripts and certified translations if applicable
  • Degree certificates
  • Personal statement outlining your learning ambitions

Our application process

  • Sign into our online portal, Apply Yourself, and start your application
  • Submit your application
  • We'll email you to let you know we're processing your application
  • Track the progress of your application using the Postgraduate Application Tracker (we'll send you a link to the tracker)
  • We'll email you when a decision has been made
  • If you've been made an offer, you can then accept or decline it using the Postgraduate Application Tracker.

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If you are unable to apply via our online form, or need further support, please contact the postgraduate enquiries team.

Related courses

There are seven courses related to Economics that you might be interested in.

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Master of Science

A Master of Science (MSc) is a master’s degree awarded for a postgraduate programme in the sciences.

Course overview

The MSc Economics offers you rigorous training in economic theory and the analytical methods needed to answer the pressing economic questions facing the world. With a strong emphasis on technical skills, the programme teaches you how to model economic issues, conduct rigorous empirical analyses, and discuss their work with diverse audiences.

Introduction

The modules in this programme cover a wide range of fields within economics, allowing students to study many of the current issues facing the world economy. These include Brexit and rising trade barriers, money and banking, economic inequality, global climate change, and health and social care.

The MSc Economics is embedded in the rapidly growing Economics group at the Management School. An important feature of our programme is the course modules are taught by world-class researchers who have published in the leading academic journals on the very topics they teach. Many of our faculty also maintain close relationships with businesses, governments, and non-profit organisations, connecting their research to real-world impact.

The MSc Economics is an excellent opportunity for students who wish to pursue a career requiring a sophisticated understanding of the economy and acquired state-of-the-art analytical skills, such as in global industry, banking and finance, or government organisations. It is also well suited for students who wish to continue a professional research career, for instance working within international organisations or research institutes.

Accreditation

The University of Liverpool Management School is one of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation from AACSB, AMBA and EQUIS.

Accreditations in detail

Accreditations

The University of Liverpool Management School is one of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation from AACSB, AMBA and EQUIS.

Course content

Discover what you'll learn, what you'll study, and how you'll be taught and assessed.

Studying this course part-time

International students may be able to study this course on a part-time basis but this is dependent on visa regulations. Please visit the Government website for more information about student visas.

If you're able to study part-time, you'll study the same modules as the full-time master's degree over a longer period, usually 24 months. You can make studying work for you by arranging your personal schedule around lectures and seminars which take place during the day. After you complete all the taught modules, you will complete your final dissertation or project and will celebrate your achievements at graduation the following term.

Studying part-time means you can study alongside work or any other life commitments. You will study the same modules as the full-time master's degree over a longer period, usually 24 months. You can make studying work for you by arranging your personal schedule around lectures and seminars which take place during the day. After you complete all the taught modules, you will complete your final dissertation or project and will celebrate your achievements at graduation the following term.

Semester one

The programme consists of three compulsory modules and five optional modules, followed by a dissertation carried out over the summer period upon completion of Semester two.

Compulsory modules

ECONOMETRIC AND STATISTICAL METHODS (ECON814)

Credits: 15 / Semester: semester 1

Econometric and statistical methods are of vital importance for estimating relationships between economic and financial variables, and for making predictions about the future. Central banks maintain large scale forecasting models for macroeconomic variables, for instance, and policy institutes use a wide range of econometric tools for modeling macroeconomic or microeconomic data. Within the private sector, financial analysts routinely estimate volatility models, credit risk departments estimate probability of default models, and, as a final example, marketing departments in large e-businesses make use of website hit counts and treatment test methods to test for the effect of their promotions on demand. These are just a few examples of how relatively advanced econometric methods are used in practice. ECON814 Econometric and Statistical Methods lays the foundation for learning the more specialised methods taught in ECON920 Advanced Econometrics, and equips the participant with a good general understanding of the methods used for estimating and testing linear and nonlinear relationships between variables.

Macroeconomic Analysis (ECON905)

Credits: 15 / Semester: semester 1

In this module students will get a well-rounded overview of modern macroeconomics. Topics covered are facts about growth, the Solow growth model (theory and empirics), the Neoclassical Growth model (growth with dynamic optimisation), and endogenous technical change. The second half of the course will focus on Real Business Cycle models and the New Keynesian framework. We will evaluate the successes and failures of the basic models in matching data.

Microeconomic Analysis (ECON915)

Credits: 15 / Semester: semester 1

This module aims to provide an understanding of the essentials of microeconomic theory. This includes understanding what is meant by rational choice and how it can be used to predict what choices agents will make in different contexts. Students will also understand how markets work and what causes markets to fail.

Optional modules

International Economics (ECON704)

Credits: 15 / Semester: semester 1

This module covers the core concepts of international trade and international finance. It introduces the key facts and theories in international economics and discusses contemporaneous issues in the global economy (e.g., Brexit and COVID). Topics in this course include classic international trade models, international prices and exchange rates, regional trade agreements and Brexit, and international monetary systems. In this module, students will be taught how to conduct their own research on recent economic events drawing on data from different sources, analysing them using appropriate economic models and communicating the results to a range of different audiences.

Game Theory with Applications (ECON813)

Credits: 15 / Semester: semester 1

Game theory studies interactive decision situations where outcomes depend not only on one’s own choices but also on others’ choices. It has heavily influenced how economists and policymakers think about problems and has become an indispensable tool in economic modelling and analysis. This module provides a state-of-the-art introduction to game theory based on modelling the thinking and reasoning of people in interactive settings. The treated material is connected to current research and illustrated with applications from a diverse range of fields such as industrial organisation, business, psychology, politics, and everyday choice problems. The topics covered in this module prepare students to critically examine any situation of strategic interaction. The skills students gain will significantly assist them in a wide variety of careers, including those in economic consulting, competition policy, finance, and tech.

Programme details and modules listed are illustrative only and subject to change.

Our curriculum

The Liverpool Curriculum framework sets out our distinctive approach to education. Our teaching staff support our students to develop academic knowledge, skills, and understanding alongside our graduate attributes:

  • Digital fluency
  • Confidence
  • Global citizenship

Our curriculum is characterised by the three Liverpool Hallmarks:

  • Research-connected teaching
  • Active learning
  • Authentic assessment

All this is underpinned by our core value of inclusivity and commitment to providing a curriculum that is accessible to all students.

Your experience

This programme is delivered by the triple-accredited University of Liverpool Management School.

The School has a thriving international master’s community with a comprehensive, interdisciplinary programme of social and extra-curricular events and dedicated careers and employability support.

Virtual tour

Supporting your learning

From arrival to alumni, we’re with you all the way:

What students say...

The programme has a wonderful blend of modules and can really be tailored depending on different students’ career or research aspirations. I have enjoyed selecting modules to develop a broad toolkit as an economist, and it is clear that the content of each module has been thoroughly developed and selected by the staff.

, MSc Economics

Careers and employability

The Management School’s master’s programmes have been designed from the ground up to prepare you for success in your chosen career. We have close ties with local, national and international organisations and constantly review the content of our programmes to meet the demands of top graduate employers.

Career planning

Three career coaches standing outside the Careers Studio

Our campus Career Studio is a space for students and graduates to drop into and talk to a career coach. Career coaches are highly trained to help no matter what stage you are at in your career planning. You can access support to find and apply for full-time and part-time roles, placements, internships and graduate schemes. You will also find the help you need if you have a start-up idea or want to create a business plan. You can explore the world of work, prepare for job interviews, and access careers events and workshops. The Career Studio is open Monday to Friday from 10am-5pm, simply drop in at a time that works for you.

From education to employment

Two graduates in postgraduate robes.

We develop our programmes with employers in mind. You will be supported to enhance your long-term employment prospects as you learn. We do this by exposing you to professionals, a variety of sectors and supporting you to work collaboratively with others to develop transferable skills. You are equipped with a clearer view of what to focus on in your area of interest, and to reflect on your studies. Our digital employability tools give you a tech-enhanced curriculum experience and make it easy for you to prepare for the world of work. You can use tools like the Handshake platform to connect with employers and message the Career Studio 24/7.

Networking events

Postgraduate students hold a discussion while sat round a table in in the Liverpool Guild of Students.

You can start building good professional networks by attending events and employability activities. Our events are designed to develop your skills and expose you to many different employers, as well as to help you make contacts in your field. We help you improve your confidence when speaking to employers and give you access to unique opportunities. Our networking events also boost your understanding of the competencies and skills that employers are looking for in their recruitment process, giving you a competitive edge.

Your future

You will have access to a specialist, in-house postgraduate careers team and have access to one-to-one careers guidance, workshops, seminars, and employability initiatives.

This programme has been designed to prepare students for a research-oriented career in the financial industry, international organisations, central banks, academia and research institutions.

During the year, you can take part in dedicated skills and employability days including coding bootcamps in R and python to allow you to reach software fluency and allow you to excel at any task in the workplace.

The School will also host an event for data scientists from industry and the civil service to talk to you and give an insight into the career possibilities open to you.

Fees and funding

Your tuition fees, funding your studies, and other costs to consider.

Tuition fees

UK fees (applies to Channel Islands, Isle of Man and Republic of Ireland)
Full-time place, per year £12,000
Part-time place, per year £6,000
International fees
Full-time place, per year £22,000
Part-time place, per year £11,000
Fees stated are for the 2023-24 academic year.

Tuition fees cover the cost of your teaching and assessment, operating facilities such as libraries, IT equipment, and access to academic and personal support.

If you're a UK national, or have settled status in the UK, you may be eligible to apply for a Postgraduate Loan worth up to £12,167 to help with course fees and living costs. Learn more about tuition fees, funding and Postgraduate Loans.

Additional costs

We understand that budgeting for your time at university is important, and we want to make sure you understand any course-related costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.

Find out more about the additional study costs that may apply to this course.

Additional study costs

We understand that budgeting for your time at university is important, and we want to make sure you understand any course-related costs that are not covered by your tuition fee. This could include buying a laptop, books, or stationery.

Find out more about additional study costs.

Scholarships and bursaries

We offer a range of scholarships and bursaries to help cover tuition fees and help with living expenses while at university.


ANID CHILE Awards

  • International students
  • Chile

Postgraduate taught and research students from Chile are eligible for this scholarship.

Chevening Scholarships

  • International students

The University, in partnership with Chevening, is delighted to offer this generous scholarship to students who are studying a master’s programme and who have future leadership potential. Please note that there is a fee cap applied to MBA programmes that requires applicants to cover any additional tuition costs over £18,000. You will still receive all additional allowances.

CONACYT Award

  • International students
  • Mexico

The University of Liverpool has an agreement with CONACYT to support postgraduate taught and research students from Mexico.

Dean’s 20th Anniversary Scholarships

  • Home and international students
  • University of Liverpool current students and alumni only

UK and international applicants for on campus Management School MSc programmes, who hold or are on track to obtain a First Class or equivalent in their undergraduate degree or comparable qualification, with no marks below a 2:1 (60%) or equivalent in modules relevant to their chosen postgraduate programme, may be eligible for a part fee waiver of 50%.

Eligible programme applicants will be considered. No separate scholarship application is necessary.

(Excludes MBA and MRes programmes)

FIDERH Award

  • International students
  • Mexico

20% reduction in tuition fees for postgraduate taught and research programmes. Must be Mexico national.

Fulbright Commission Scholarship

  • International students
  • University of Liverpool alumni only
  • United States

One scholarship is available for a master’s student from the US and another is available for a postgraduate research student to undertake a three to six month research stay from the US

FUNED Awards

  • International students
  • Mexico

Up to ten awards are available for Masters or Research students from Mexico in receipt of FUNED loans. The award gives students a 20% reduction in fees for all applications received.

HRM Princess Sirindhorn University of Liverpool Scholarship (Thailand)

  • International students
  • Thailand

The University is able to offer one award to a new postgraduate taught master’s student from Thailand.

The scholarship is open to all subjects offered as a one-year taught master’s programme.  However, priority will be given to those students who wish to study in a subject area associated with HRH Princess Sirindhorn such as science, IT, medicine, the arts, geography, history and languages.

John Lennon Memorial Scholarship

  • Home students

The John Lennon Memorial Scholarships were set up by a trust fund endowed in the University for the provision of scholarships in the memory of John Lennon. The award is intended to support students from Merseyside who might be in financial need and enhance, among other things, awareness of global problems and environmental issues.

Current or prospective UK (taught and research) students, either born in or with very strong family connections to Merseyside can apply for these awards.

JuventudEsGto Scholarship

  • International students
  • Mexico

Residents of State of Guanajuato, Mexico, wishing to study at postgraduate taught and research levels are eligible for this scholarship.

Marshall Scholarship

  • International students
  • University of Liverpool alumni only
  • United States

One scholarship is available for a master’s student from the US to cover the cost of tuition fees. Another, to the value of £20,000, is available for Doctoral study visit: https://www.marshallscholarship.org/

Postgraduate Opportunity Bursary

  • Home students
  • University of Liverpool current students and alumni only

Recipients must have been in receipt of one of the University’s Widening Access Awards as an undergraduate.

UK University of Liverpool graduates who have graduated in the last two years and are progressing to a standard master’s course, including MRes programmes, in 2023.

Graduates must have been in receipt of the University’s Widening Access Award during their undergraduate studies i.e.

Liverpool Bursary
Mature Students’ Bursary
Liverpool Scholars’ Award
Realising Opportunities Award
North Liverpool Academy Scholarship
Estranged Students’ Bursary
Young Adult Carers’ Bursary
Care Leaver’s Opportunity Bursary
The Liverpool Life Sciences UTC Scholarship
Recipients of the Asylum Seekers Bursary who now have a ‘home’ fee status classification.

Postgraduate Progression Award – International Students

  • International students
  • University of Liverpool current students and alumni only

Current international University of Liverpool students and alumni are eligible for a £2,500 fee reduction when progressing to a master’s course.

If you’re a current international University of Liverpool undergraduate or alumni, including Study Abroad and Exchange students and students from Xi’an Jiaotong-Liverpool University, progressing to either a full or part-time new postgraduate taught programme you’re eligible to receive our Postgraduate Progression Award.

Postgraduate Progression Award – UK students

  • Home students
  • University of Liverpool current students and alumni only

The Postgraduate Progression Award is available to all UK University of Liverpool undergraduate students or alumni considering a postgraduate taught/master’s course, including MRes qualifications, at our Liverpool campus.

Eligible applicants MUST have completed their undergraduate degree at the Liverpool campus.

Sport Liverpool Scholarships

  • Home and international students

The University is pleased to be able to offer scholarships to talented athletes competing at national and regional levels. See https://www.liverpool.ac.uk/sports/team-sport-liverpool/performance-programme/  for more information.

The Aziz Foundation Scholarship

  • Home students

The University of Liverpool together with the Aziz Foundation are offering master’s scholarships to support British Muslims who are dedicated to bringing positive change to society and have career aspirations in media and journalism, technology, sustainability and the environment, law, policy (excluding health policy) and creative content.

Successful applicants will receive a full scholarship for their tuition fees and access to a programme of training days and career mentors via Aziz Scholarships Plus and the Aziz Scholars Association.

Students in receipt of one of the Aziz Scholarships are not eligible for other University of Liverpool bursaries or scholarships.

Turkish Ministry of Education Scholarship

  • International students
  • Turkey

Postgraduate taught and research students from Turkey are eligible for this scholarship, see the Turkish Ministry of Education website https://meb.gov.tr/ for more information.

ULMS Attainment Award

  • Home students

UK and Republic of Ireland applicants for on campus MSc programmes, who have the equivalent of a First class undergraduate degree, may be eligible for a £2,000 reduction in fees.

This award can be combined with any ULMS or centrally-awarded funding that the applicant is eligible for, up to a maximum of a 50% fee discount

(Excludes MBA and MRes programmes)

ULMS Progress to Postgraduate Award

  • Home and international students
  • University of Liverpool current students only

Offered to all current University of Liverpool undergraduate students (Home* and International) from any discipline, who want to progress onto one of the Management School’s MSc programmes beginning in autumn 2023.

Full-time and part-time applicants are eligible.

(Excludes MBA and MRes)

University of Liverpool Commonwealth Postgraduate Bursary

  • International students
  • Antigua and Barbuda
  • Australia
  • Bangladesh
  • Barbados
  • Belize
  • Brunei
  • Canada
  • Cyprus
  • Dominica
  • Ghana
  • Grenada
  • Guyana
  • India
  • Jamaica
  • Kenya
  • Malaysia
  • Mauritius
  • New Zealand
  • Nigeria
  • Pakistan
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and The Grenadines
  • Singapore
  • South Africa
  • Sri Lanka
  • Tanzania
  • Trinidad and Tobago
  • Uganda

The University of Liverpool Commonwealth Postgraduate Bursary fee reduction for students from Commonwealth countries new to studying at the University of Liverpool on master’s programmes.

University of Liverpool Graduate Association Hong Kong & Tung Postgraduate Scholarships

  • International students
  • China
  • Hong Kong

The University is able to offer competitive scholarships for both postgraduate taught master’s and research programmes.

University of Liverpool Humanitarian Scholarships for Masters Programmes

  • International students

The three awards available cover full tuition fees, visas and support for accommodation and living expenses.

This scholarship is open to support people who have recognised status as either refugees or are under humanitarian protection under the 1951 Refugee Convention. This status must be held outside of the UK.

The scholarship is open for all postgraduate-taught programmes, excluding medicine, dentistry, veterinary and nursing.

University of Liverpool International College (UoLIC) Excellence Scholarship

  • International students

The University of Liverpool will award five University of Liverpool International College students, who achieve the highest academic excellence (minimum 75%) in their UoLIC Pre-Master’s programme, the prestigious UoLIC Excellence scholarship.

University of Liverpool International College (UoLIC) Impact Progression Scholarship

  • International students

University of Liverpool International College recipients of the Kaplan awards will receive the £3,000 Progression Impact Scholarship, deducted from first-year tuition fees, on successful progression to their UoL degree programme.

To be eligible for our Impact Progression Scholarships, students must apply for one of the Kaplan Impact Scholarships demonstrating their commitment to making an impact across issues of importance to the University and Kaplan. Themes include:

Sustainability
Women in STEM
Community
Career Focus (Employability)

Vice-Chancellor’s International Attainment Scholarship

  • International students

Open to all new international students starting a one-year full-time postgraduate master’s programme in September 2023 who:

  • Achieve a UK first-class undergraduate degree award or equivalent qualification as defined by the University of Liverpool (click here for a list of equivalent qualifications) are studying at the Liverpool campus.

Vice-Chancellor’s International Attainment Scholarship for China

  • International students
  • China

Details are:
1 (one) Full scholarship
2 (two) £10,000 scholarships
5 (five) £5,000 scholarships
10 (ten) £1,000 scholarships
All scholarships will be awarded after the formal registration at the University and will take the form of a fee waiver.

Please note: This scholarship cannot be combined with any other scholarships or bursaries provided by the University.

Entry requirements

The qualifications and exam results you'll need to apply for this course.

My qualifications are from: United Kingdom.

Your qualification Requirements

About our typical entry requirements

Postgraduate entry requirements

A 2:1 Honours degree (or overseas equivalent) in Economics or a related discipline with a quantitative focus.

Students with a 2:1 degree from a quantitative Science discipline (e.g. Maths, Physics, Statistics, Operations Research) are also encouraged to apply.

Applicants should have competency in A Level Mathematics/Statistics or equivalent.

International qualifications

If you hold a bachelor’s degree or equivalent, but don’t meet our entry requirements, you could be eligible for a Pre-Master’s course. This is offered on campus at the University of Liverpool International College, in partnership with Kaplan International Pathways. It’s a specialist preparation course for postgraduate study, and when you pass the Pre-Master’s at the required level with good attendance, you’re guaranteed entry to a University of Liverpool master’s degree.

English language requirements

You'll need to demonstrate competence in the use of English language. International applicants who do not meet the minimum required standard of English language can complete one of our Pre-Sessional English courses to achieve the required level.

English language qualification Requirements
GCSE Grade C
IELTS C
View our IELTS academic requirements key.
International Baccalaureate

Standard Level (Grade 5)

INDIA Standard XII 70% or above from Central and Metro State Boards
WAEC C6
Hong Kong use of English AS level C
Cambridge Proficiency C

About our entry requirements

Our entry requirements may change from time to time both according to national application trends and the availability of places at Liverpool for particular courses. We review our requirements before the start of the new application cycle each year and publish any changes on our website so that applicants are aware of our typical entry requirements before they submit their application.

We believe in treating applicants as individuals, and in making offers that are appropriate to their personal circumstances and background. Therefore the offer any individual applicant receives may differ slightly from the typical offer quoted on the website.

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Why Liverpool?

Liverpool bursts with diversity and creativity which makes it ideal for you to undertake your postgraduate studies and access various opportunities for you and your family.

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Accommodation

To fully immerse yourself in the university experience living in halls will keep you close to campus where you can always meet new people. Find your home away from home.

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Fees and Finance

Discover what expenses are covered by the cost of your tuition fees and other finance-related information you may need regarding your studies at Liverpool.

Changes to Economics MSc

See what updates we've made to this course since it was published. We document changes to information such as course content, entry requirements and how you'll be taught.

23 March 2023: New postgraduate taught course pages

New course pages launched.