Course details

MSc in Applied Economics (MSc AE) is validated by the University of Westminster (London, U.K.) and delivered at WIUT. The course provides students a solid grounding in economic theory and advanced knowledge in quantitative methods needed to succeed as business economists, market or financial analysts, economic researchers or economists in government institutions.

Entry requirements for the course?

The entry requirement for admission into the programme is the first degree in Economics/Mathematics/Statistics or related subjects with a minimum of second lower class honors (2:2 or equivalent) and demonstrate interest and motivation in the subject area.

There is an English language requirement for students whose first degree was not taught and assessed in English.
Such students are required to have a minimum IELTS score of 6.5 (including 6.0 in writing) or equivalent.

Core modules

Economic growth and development
The module helps students to critically evaluate recent developments in theory and policy of development economics; confidently apply the standard growth models to analyse economic issues and behavior of government, consumers and producers. Evaluate appropriate advanced methodological approaches and their effectiveness; undertake analysis of quality of available data/evidence and judge the appropriateness of the methodologies used; evaluate economic policies and their impact on economic developments in developed as well as developing countries.
Research methods
Microeconomic analysis
Data analytics
Macroeconomic fluctuations and analysis

Optional modules

Contemporary finance and its applications
The module helps students to demonstrate an understanding of contemporary security analysis and valuation; and the ability to apply the techniques and skills to relevant real-world financial issues; critically evaluate processes of investment decision making in corporate entities, portfolio management tools and techniques; formulate and construct risk models of corporate and/or public entities and create tools/aids for determining, quantifying and monitoring various forms of risk in real world scenarios; analyse and critically evaluate the key concepts, processes and tools used in financial risk management.
Advanced topics in Econometrics
International trade and factor movements