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MSc Econometrics and Mathematical Economics

This MSc programme is designed to meet the needs of those who have a strong quantitative background wishing to study financial markets. It is aimed at mathematicians, statisticians, physical scientists and engineers, as well as graduate economists.

As of 2016/7, the Department is pleased to offer a new pre-sessional course and a new advanced macroeconomics core compulsory course for students of the MSc Econometrics and Mathematical Economics programme.

EC451, the new pre-sessional course, has been designed exclusively for students of the MSc Econometrics and Mathematical Economics programme. The objective of the compulsory pre-sessional course is to provide essential foundations in macroeconomics, microeconomics and econometrics in order to prepare students for the advanced level of the core teaching programme. The pre-sessional course includes treatment of rational preferences, hedonic foundations of utility theory, and the theory of choice in the microeconomics component; the linear regression model,  instrumental variables and GMM methods, MLE and estimation of models with discrete dependent variables, GLS estimation and dynamic models, and introduction to simultaneous equations models and hypothesis testing in the econometrics component; and an introduction to  core macroeconomic concepts, research questions and  empirical findings, a benchmark dynamic macroeconomic  model, and some key growth and business cycle properties in the macroeconomics component.

Once students have completed the pre-sessional course, the programme structure allows students to take core courses in:

  • Advanced Microeconomics
  • Advanced Macroeconomics (this is a new core compulsory course from 2016/17)
  • Econometric Analysis

And a fourth optional course which is chosen by the student from the following courses:

  • International Economics
  • Monetary Economics
  • Public Economics
  • Economics of Industry
  • Quantitative Economics
  • Contracts and Organisations
  • Topics in Advanced Econometrics
  • Financial Risk Analysis
  • Fixed Income Markets (Half unit)
  • Applied Corporate Finance (Half unit)
  • Asset Markets A (Half unit)
  • Corporate Finance and Asset Markets
  • Derivatives (Half unit)
  • Portfolio Management (Half unit)
  • Stochastic Processes (Half unit)
  • Generalized Linear Modelling and Survival Analysis (Half unit)
  • Non-linear Dynamics and the Analysis of Real Time Series (Half unit)
  • Developments in Statistical Methods (Half unit)
  • Time Series (Half unit)

The technical level of the material covered is perhaps higher than for any other master's degree in the area, and the programme has a long-standing international reputation, with many distinguished economists and econometricians among its graduates.

Subject to attaining the required grades, EME students may progress to
the MRes/PhD Programme. See the Research Programmes page for details.