Applied Economics
Applied Economics
Applied Economics


Tuition Fees Uzb
49,490,100 UZS
per course
Tuition Fees International
68,972,400 UZS
per course
1 year - full time
2 years - part time

Course description

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 decisions.

How you will study

In a fast-changing global environment, the course seeks to provide students with the specialized knowledge needed to pursue professional careers in the private, public or institutional sectors as economists or consultants, who exhibit an extensive knowledge of both economic theories and their applications in the real world.

The philosophy of the course emphasises:

  • 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).

Course structure

The course consists of seven core modules and four optional modules. The course structure is validated by the University of Westminster (UK) every five years. This may change, if necessary, in order to adapt to feedback received from a variety of sources.


  • Microeconomic Analysis
  • Research Methods
  • Econometrics
  • Economic Growth and Development
  • Macroeconomic Fluctuations and Analysis
  • Data Analytics
  • Dissertations
  • Corporate Finance and its Applications
  • Advanced Topics in Econometrics
  • International Trade and Factor Movements
  • Policy Analysis, Monitoring and Evaluation


Quality of Teaching

Course modules are taught by experienced academics and professionals who mainly hold PhD degrees from international universities.

Professional Development

During their studies, students gain theoretical knowledge and develop practical experience, which make them stand out in the job market.
Employment Opportunities

The MSc in Applied Economics prepares students for a wide varieties of careers in government agencies, international organizations and private sector.


The entry requirement for admission onto the programme is a 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.

Applicants must have:

  • Had their first or second degree (or equivalent) taught and assessed in English; or
  • IELTS with an overall score of at least 6.5 with a minimum of 6.0 in writing or another English Language Test recognised by the University of Westminster.


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.

Graduates employed at

Yulduz Yakubova

Akhliddin Malikov

Akhliddin has five years of work experience in higher education and has held both leadership and teaching positions in the department of Economics at WIUT. He holds degrees from Cardiff Metropolitan University (BA) and King's College London (MA). Akhliddin has also gained extensive professional experience by delivering consultancy services to international organizations such as UNDP, FAO and ILO.


Azizjon Khatamov
Azizjon Khatamov
MSc in Applied Economics (2019)
Head of Anti Money Laundering Department TBC Bank
Tashkent, Uzbekistan

The course aligned my experience with current economic phenomena, honed my critical thinking skills and advanced my understanding of economic processes and economic development.
Malika Jumaniyazova
Malika Jumaniyozova
MSc in Applied Economics (2019)
Principal Researcher
Centre for Economic Research and Reforms
Tashkent, Uzbekistan
A few extremely insightful classes on economic growth and development sparked my interest in development economics. With a growing passion for this field, I started my career as a researcher.
Bekzod Alimov
Khilola Ruziboeva
MSc in Applied Economics (2019)
Associate Lecturer
Westminster International University in Tashkent
The MSc Applied Economics course provides top education in Economics, allowing students to have a deep understanding of the most pressing problems economists should address. Studying this programme enabled me to start a rewarding career at the Westminster International University in Tashkent.

Publish modules to the "offcanvs" position.