MSc in Applied Economics (MSc AE)
Economics as a discipline has become more relevant than ever as a means of understanding contemporary trends in the global economy and in providing the tools and techniques for businesses and governments to analyse, interpret, and respond to the local and global challenges they face.
The MSc in Applied Economics course aims to provide successful students with a deep, systematic, and structured knowledge of economic theories and principles, as well as the practical skills which will enable them to develop a career as a professional economist or economic consultant. Students develop the ability to understand contemporary economic problems in micro and macroeconomics, development economics, and finance, as well as learning to apply advanced knowledge to analyse policy measures and their impact on government, businesses, and citizens’ welfare. Additionally, students learn to effectively communicate the outcomes of econometric analyses and give advice to policymakers and business leaders to assist them in making better
How you’ll study
the application of economic theories and methods to solve economic problems
the behavioural analysis of economic agents
the development of policy appraisal and evaluation skills
how to put the acquired skills into practice to advise governments and businesses on what actions they should to take (i.e. appraising alternative strategic options or using econometrics to evaluate the effectiveness of previous decisions).
Graduates of the MSc in Applied Economics course can work as professional economists in governments, international organisations, and academia, or launch a career in the private sector as managers, business data analysts, or consultants who require a strong, practically focused knowledge of economics.
A practical approach makes our economics MSc ideal not only for those with a technical background, but also other backgrounds such as the social sciences or humanities, who wish to launch careers in banking and finance, international trade, or the public sector.
They are or have been in employment where their employed role is in the area of the course and involves a high level of analysis and critical thinking.
If so such candidates will be required to provide evidence of such employment, its nature and level. This evidence will be considered at interview and the decision of the panel (see below) will be final.
Applicants must have:
- Had their first or second degree(or equivalent) taught and assessed in English; or
An IELSTS score of 6.5 overall with a minimum 6.0 in writing component, or another English Language test recognized by the University of Westminster
Applicants will have to be 22 years of age at the start of the academic year. For the purposes of this regulation the academic year runs from 1st October to 30th September.
Applicants who have met the minimum entry requirements will be formally interviewed. The purpose of the interview is to determine the suitability of the candidate to undertake and complete the course. The panel will also consider any equivalent or non-standard admission qualifications. In so doing the Panel may require additional evidence from the candidate to support the candidates request for consideration for equivalency, such as the nature and level of the work experience.
The Interview Panel will consist of the Course Leader and a member of the Course Team. A standard process will be followed and notes will be kept as evidence of the interview. The Interview Panel will then decide whether to make a candidate an offer (conditional or unconditional), or to reject the application. All applicants can request oral feedback.