1 year - full time
2 years - part time
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).
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
- Economic Growth and Development
- Macroeconomic Fluctuations and Analysis
- Data Analytics
- Corporate Finance and its Applications
- Advanced Topics in Econometrics
- International Trade and Factor Movements
- Policy Analysis, Monitoring and Evaluation
WHY STUDY THIS COURSE?
Applicants should normally hold an Undergraduate degree (or equivalent) from a recognised higher education institution with a minimum of a second lower class honours (2:2 or equivalent). Applicants without a formal higher education qualification or a formal qualification that is not at an equivalent academic standard, may be considered if the following conditions apply:
- They are or have been in employment where their role is in the area of the course and involves a high level of analysis and critical thinking.
- If the above condition is met, candidates will be required to provide evidence of such employment (nature and level of experience). This evidence will be considered during the interview process and the decision of the panel will be final.
Applicants must have:
- Had their first or second degree (or equivalent) taught and assessed in English; or
- An IELTS score of 6.5 with a minimum of 6 in the writing component or another English Language Test recognised by the University of Westminster.
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.
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.
WHAT OUR GRADUATES SAY
Head of Anti Money Laundering Department TBC Bank
Centre for Economic Research and Reforms
Westminster International University in Tashkent