Economic Policy

The MSc in Economic Policy at University College London is a rigorous and comprehensive postgraduate programme designed to equip students with the analytical skills, theoretical knowledge, and practical understanding necessary to analyze and develop effective economic policies. This programme offers an interdisciplinary approach, combining insights from economics, political science, and public policy to prepare graduates for influential careers in government, international organizations, think tanks, and the private sector. Throughout the course, students explore core economic theories and models, and learn to apply quantitative methods and empirical techniques to real-world policy issues. The curriculum covers a broad range of topics including macroeconomic and microeconomic policy, development economics, financial markets, and the role of institutions in shaping economic outcomes. Special emphasis is placed on current global challenges such as inequality, climate change, and technological change, providing students with a nuanced understanding of how economic policy can address these complex issues. The programme also encourages critical thinking and innovative problem-solving, fostering the skills needed to evaluate policy options, communicate findings effectively, and implement strategies that promote sustainable economic growth and social welfare. Students have opportunities to engage with policymakers, conduct independent research, and participate in seminars and workshops led by experts in the field. The MSc in Economic Policy prepares graduates for a range of careers, including policy analysis, economic consultancy, research roles, and positions within governmental and international institutions. The programme’s academic staff are leading researchers and practitioners, ensuring that students receive up-to-date knowledge and real-world perspectives. Graduates of this programme will be well-equipped to contribute thoughtfully to economic policy debates and to influence decision-making processes at national and international levels.

The programme is designed to equip the professional economist with the tools required to understand the problems presented by a rapidly changing, complex and uncertain modern world economy. It includes a research methods course that teaches economics and econometrics software, empirical modelling and how to formulate a research project.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).

Core modules

• Econometrics for Policy
• Microeconomics for Policy
• Macroeconomics for Policy
• Research Methods

Optional modules

• At least two of the following applied options
• Time Series Econometrics
• Public Microeconomics
• Economics of Development
• The Economics of Migration
• Health Economics
• Programme Evaluation for Users
• Behavioural Economics
• Macroeconomic Policy
• Ethics in Welfare Economics
• Empirical Industrial Organisation
• Topics in Labour Economics
• Topics in Money and Finance
• Economics of Households
• Remaining options (taking the total to four) from a list of policy options, including:
• Applied Policy Analysis
• Applied Development Economics and Policy
• Agenda Setting and Public Policy (Department of Political Science or International Political Economy (Department of Political Science)
• Environmental Economics: Principles and Policy

Dissertation/report

The dissertation of 10,000 words is a piece of original research, carried out between June and September, supported by a research methods course and lightly supervised by a member of faculty.

Teaching and learning

The programme is delivered through a combination of lectures, seminars, and practical and problem classes. The MSc degree is awarded on the basis of written, final examination papers and the research dissertation.

A minimum of an upper second-class Bachelor's degree in Economics with a significant quantitative component from a UK university, or an overseas qualification of an equivalent standard. Applicants with a qualification of an equivalent standard in another quantitative discipline, such as statistics, mathematics, engineering or physics, may also be considered.
Applicants whose undergraduate degree is from a university outside the UK must supply GRE scores. The quantitative GRE score must be 155 or above and the verbal score must be 150 or above (post-August 2011 scores).

The Master’s programme in Economic Policy at University College London offers a comprehensive overview of the financial aspects related to economic decision-making and policy formulation. The programme is primarily funded through a combination of government grants, tuition fees paid by students, and research grants secured by faculty members. Tuition fees for domestic and international students differ, with international students paying higher rates that contribute significantly to the programme’s revenue. UCL provides various scholarship opportunities and financial aid packages aimed at supporting students financially, including excellence scholarships and targeted awards for students from specific regions or backgrounds. Additionally, the university encourages external sponsorships and partnerships with public and private sector organizations, which can sometimes provide funding or internships that complement the academic coursework.

Students may access a range of financing options, such as student loans available through government schemes, which vary depending on the student’s home country. UCL’s financial support services offer guidance on applying for such loans, bursaries, and fellowships. The programme itself integrates practical training and internships that can sometimes be subsidized or financed through partner organizations, reducing the overall financial burden on students. Moreover, students are encouraged to seek external funding opportunities through international scholarship programmes, foundations, and economic policy institutes that support postgraduate studies. The programme’s curriculum includes modules on financial management within the public sector, budgeting, and fiscal policy, equipping students with the necessary skills to understand and manage funding in various economic contexts. Overall, the financing structure of the Economic Policy programme at UCL combines university-funded resources, external financial support, and student contributions, ensuring that students can access high-quality education while minimizing financial barriers.

The MSc in Economic Policy at University College London (UCL) is designed to provide students with a comprehensive understanding of the tools and concepts used in analyzing economic policies and their implementation. The program aims to equip students with both theoretical knowledge and practical skills necessary for analyzing complex economic issues facing governments and institutions today. It covers a broad range of topics including macroeconomic policy, fiscal and monetary policy, international trade, development economics, and the design of regulatory frameworks. The curriculum is structured to ensure students develop critical thinking and analytical abilities through a combination of lectures, seminars, and applied research projects.

Students enrolled in this program benefit from UCL’s strong emphasis on research-led teaching, with faculty members actively involved in cutting-edge economic research. The program also incorporates quantitative methods, econometrics, and data analysis techniques to prepare students for real-world policy analysis. Practical aspects are emphasized through case studies, simulations, and policy exercises, allowing students to apply their knowledge in realistic scenarios.

Graduates of this program are equipped to pursue careers in government agencies, international organizations, economic consulting firms, or academia. The program also provides a solid foundation for those considering further research or doctoral studies in economics or related fields. The interdisciplinary approach of the MSc in Economic Policy ensures a well-rounded education that combines economic theory, empirical analysis, and policy formulation.

UCL’s central London location offers students access to a vibrant intellectual environment and proximity to key policymakers and economic institutions. The program typically lasts one year full-time, with options for part-time study. Entry requirements generally include a good undergraduate degree in economics, social sciences, or related disciplines, along with relevant quantitative skills. As UCL is renowned for its diverse and inclusive academic community, students from around the world are welcomed, fostering a global perspective on economic issues.

Overall, the MSc in Economic Policy at UCL positions students to effectively evaluate and influence economic policy decisions in a rapidly changing global landscape. Its combination of rigorous academic coursework, practical skills, and strategic location makes it an attractive choice for aspiring economists and policy analysts seeking to impact economic policy at national and international levels.