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Department of Philosophy, Logic and Scientific Method

MSc in Economics and Philosophy

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MSc in Economics and Philosophy

Page contents > Context | The Programme | When to apply | Additional Information

Context

This degree is taught jointly by two departments at LSE which are internationally recognised as among the best in their respective disciplines. It is unique in offering a rigorous programme in core graduate-level economics courses whist offering students the opportunity to engage with moral, methodological and foundational issues.

Some of the questions we study are:

  • What are the moral advantages and disadvantages of market institutions?
  • Can we make interpersonal comparisons of well-being, and if so, how should we do so?
  • How do mathematical models of economic phenomena relate to the actual social world?
  • What are the assumptions underlying the rational choice model in economics? Can they be normatively justified? Are they descriptively accurate?

The degree offers a good preparation for Ph.D. programmes in Economics, the Philosophy of Economics and Social Science and the Philosophy of Public Policy. It also prepares students for careers in financial institutions, and intergovernmental, governmental, and non-governmental organisations. (Click here to see what some past students have done.)

The degree is distinctive in three ways. First, it is one of the few places where a rigorous graduate-level education in core economics courses can be combined with work in philosophy. Second, the philosophy offerings are resolutely interdisciplinary. We take philosophical analysis to be continuous with scientific approaches to political, social and economic problems, and all philosophy staff have a strong background in interdisciplinary work and in areas of social or natural science. Third, students have access to a rich research environment in economics and philosophy, which is reflected in:

  • The wealth of research seminars and conferences in the Philosophy of Economics, Rational and Social Choice, scientific evidence and policy-making, and the Philosophy of Public Policy. For a look at some past and future seminars and conferences, see CPNSS Events.
  • The Department of Philosophy, Logic, and Scientific Method is home to the journal Economics and Philosophy and to the interdisciplinary Choice Group.

The Programme

To succeed on the programme you need to prove that you can work to a high standard and have excellent analytical ability; the core economics and econometrics courses assume a knowledge of constrained optimisation, matrix algebra and basic statistics. We expect students to have very good undergraduate grades; for most British students these should have concentrated exclusively on economics and quantitative subjects.

All graduates of non-UK institutions must have taken the GRE General Test no more than five years before applying, and must include the test scores with their application. Please see Admission Enquiries System under Graduate Admissions

Typically we expect candidates to score over 760 in the quantitative, analytical and verbal sections of the test.

Students are required to attend introductory September courses in mathematics, statistics, economics and econometrics before the main teaching programme starts in October.

Compulsory courses

Choose two of the following:

Philosophy courses

Choose two of the following:

Compulsory seminars

You also complete a dissertation of not more than 7,000 words on some aspect of the philosophy of economics seminar.

When to apply

We urge students to apply early. We will continue to accept applications while space is available. Please see Graduate Admissions to apply.

Additional Information

See MSc in Economics and Philosophy in the Graduate Prospectus 2009

Student profiles

The MSc in Economics and Philosophy will be of interest to students with a strong quantitative background who wish to combine rigorous (further) training in economics with philosophical inquiry.  We recruit students from across the world to assemble a genuinely international group.

Testimonials\career development

This course prepares students for PhD. work in philosophy or in economics, for careers in business and finance, as well as for policy-oriented careers in governmental, non-governmental, and inter-governmental organisations and think tanks. We are committed to supporting students in their future career choices. For a look at what some past students have gone on to do click here.

Internships

Students are able to apply to the LSE Internships programme in Public Policy, Social Issues & Public Affairs. This initiative, led by the Careers Service and the LSE Public Policy Group, offers internships to LSE postgraduate students in key organisations working across the field of public policy, social issues and public affairs.

The LSE Internships programme in Public Policy, Social Issues & Public Affairs offer students flexibility in of the nature of the intern's work and the duration of the internships. Masters and PhD students commit to do 1 to 1.5 days per week with an organisation, working on site with regular staff and delivering help where needed. This scheme runs from mid-October to the end of April.

How to apply successfully

We urge students to apply early, but we will continue to accept applicants while spaces are available.

The intake/applications ratio reflects the fact that many applicants are rejected because they do not have a sufficiently strong quantitative background to successfully participate in the Economics courses. Applicants are therefore invited to highlight their quantitative background on the application. Students with a strong background in economics or other quantitative disciplines and an interest in philosophical issues have an excellent chance of acceptance into the programme.

Financial support

For information about financial support click here

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