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MRes/PhD in Economics and Management

Programme Structure - MRes

Programme code: TMRESECMG

Department: Management

For students starting this programme of study in 2022/23

Guidelines for interpreting programme regulations

Classification scheme for the award of a taught master's degree (five units)
Exam sub-board local rules

Please note that places are limited on some optional courses. Admission onto any particular course is not guaranteed and can be subject to timetabling constraints and/or students meeting specific prerequisite requirements.

Year 1

Pre-sessional

EC400 Introductory Course in Mathematics and Statistics (0.0) #

 

MG5A1 A Social Sciences Perspective of Academic Research in Management (0.0)

Research Practicums

Students will be required to attend the Managerial Economics and Strategy Faculty Research Seminars.

Paper 1

EC441 Microeconomics for MRes students (1.0) #

Paper 2

EC442 Macroeconomics for MRes students (1.0)

Paper 3

EC443 Econometrics for MRes students (1.0) # or

 

EC484 Econometric Analysis (1.0) #

Year 2

Research Practicums

Students will participate in Research Practicums with different members of the MES Faculty Research Group.

Seminar

MG523 Work in Progress Seminar in Organisational and Institutional Economics (0.0)  (not available 2022/23)

Paper 4

MG598 Research Paper in Management (MRes PhD Programmes) (1.0)

Paper 5

MG524 The Economics of Organisations and Institutions (1.0) #  (not available 2022/23)

Paper 6

One course from the following field selection list:

Field Selection List

Field Selection List

EC518 Topics in Advanced Econometrics for Research Students (1.0)

EC532 International Economics for Research Students (1.0)

EC533 Labour Economics for Research Students (1.0)

EC534 Public Economics for Research Students (1.0)

EC535 Development Economics for Research Students (1.0)

EC536 Economics of Industry for Research Students (1.0)

EC537 Microeconomic Theory for Research Students (1.0) #

EC539 Macroeconomics for Research Students (1.0)

EC540 Political Economy for Research Students (1.0) #


# means there may be prerequisites for this course. Please view the course guide for more information.

Programme Structure - PhD

Programme code: RPECMG2

Year 1

Seminar

MG523 Work in Progress Seminar in Organisational and Institutional Economics (0.0)  (not available 2022/23)

Paper 7

One unit (1.0) course (if not already taken in year 2 of the MRes) from the following field selection list:

Field Selection List

Years 2, 3, 4

Seminar

MG523 Work in Progress Seminar in Organisational and Institutional Economics (0.0)  (not available 2022/23)

Field Selection List

EC518 Topics in Advanced Econometrics for Research Students (1.0)

EC532 International Economics for Research Students (1.0)

EC533 Labour Economics for Research Students (1.0)

EC534 Public Economics for Research Students (1.0)

EC535 Development Economics for Research Students (1.0)

EC536 Economics of Industry for Research Students (1.0)

EC537 Microeconomic Theory for Research Students (1.0) #

EC539 Macroeconomics for Research Students (1.0)

EC540 Political Economy for Research Students (1.0) #


# means there may be prerequisites for this course. Please view the course guide for more information.

Progression

To progress unconditionally to registration on the Year 2 of MRes in Economics and Management students are required to achieve pass marks of 50% or higher in Papers 1, 2 and 3. With the agreement of the Department of Economics and the Programme Director, a student missing this requirement by one paper may be allowed to resit.  Students are restricted to sitting a maximum of four exams, including resits and MG599 in Year 2.  Students missing the progression requirement by more than one paper are required to pass those papers to the necessary standard before progression to the second year can be permitted

Award (students take 6 units of papers but the award is calculated on papers 1-5):

At the end of the second year of the MRes, students may be awarded the classification of the MRes degree consistent with the School's Scheme for the Award of a five-unit Taught Master's Degree. This mirrors the requirements of an award of MRes in Economics, that is students are required to achieve a pass mark of 50% in Papers 1, 2, 3, 4 and Paper 5. The marks in these papers will be used to calculate the overall award.

A fail in one of these five classification papers (but not a bad fail of 29% or less) can be compensated by a mark of 60% or higher in another paper, or an aggregate mark of 440 in the non-failed papers. If compensated, a fail shall result in a drop in the overall award classification where a Distinction or Merit would otherwise have been awarded. It shall have no further impact where a Pass is to be awarded.

Progression to PhD registration

To progress to PhD registration, students are required to achieve four marks of 60% or higher and two marks of 50% or higher in MRes Papers 1, 2, 3, 4, 5 ,6 with at least two of the 60% or higher marks achieved in the MRes core Papers 1, 2 and 3.

Condoning marks: A mark between 55-59% in one of the Papers 1, 2 or 3 can be condoned by a mark of +70% in either Papers 1, 2 or 3. A mark between 50 - 59% in one of the Papers 1, 2 or 3 can be condoned by a mark of +70% in the MG598 research paper.

Students missing the overall progression requirement by one paper are permitted to progress to PhD registration, but will subsequently need to re-sit and pass the paper to the necessary standard to continue their PhD registration within one year of the original examination. In exceptional circumstances, the Graduate Studies Sub-Committee can grant permission to a candidate to resit a paper at the next available opportunity. Students can resit each paper only once.

At the end of Year 2 there will be an Annual Progress Review to confirm the successful completion of second year course work with marks meeting the required standards, the quality and contribution of MG598 paper and satisfaction with progress and participation in the programme. Recommendation for registration to the PhD programme by the DoM PhD Committee for the following year will be based on the successful completion of the previous year, and on the expectation of the student will achieve the marks required in any resit exams.

PhD Progression

In the first year of the PhD programme (Year 3 of registration) students must complete 1.0 unit of courses in either Economics or Management (Paper 7). They must achieve a grade of 50% in this 1 unit or both 0.5 units.

Students must also pass the PhD Review, during Year 3 of registration and defend their research design in viva voce. The students submit a research proposal that includes:

1) the research question(s);
2) a concise literature review through which the significance of the proposed research is articulated;
3) a discussion of research methodology;
4) a draft timeline of activity;
5) preliminary data collection and analysis or a ‘pilot’ study; and
6) discussion of research ethics and risks.

This material is evaluated by the academic assessors in two independently written reports submitted prior to a viva voce with the supervisor(s). The outcome of the review will be reported to the Department’s PhD Committee at the next opportunity.

PhD progression, completion and submission

After passing the PhD Review students are expected to focus on the research and writing of their thesis, the continued development of research ideas for publication, participation in relevant training courses and career development activities.Each year the PhD progression will be on the recommendation of the annual review panel and agreed by the Department’s PhD committee.

Award of the PhD in Economics and Management

Award of the PhD is contingent on progression requirements within the PhD and on the completion and defence of an original research thesis, in accordance with LSE regulations.

Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the graduate summary page for prospective students. Changes to course and programme information for future academic sessions can be found on the graduate summary page for future students.