M.Sc. Economics / Economics (Finance) - Scottish Graduate Programme

The University of Edinburgh

Tuition fee: Not specified
Start date: September  2015
Duration full-time: 12 months
  • English
Delivery mode: On Campus
Educational variant: Part-time, Full-time

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We will give you a rigorous training in the core areas of economics to make you proficient in the latest analytical and quantitative techniques. You will receive a firm grounding in mathematical and econometric techniques, microeconomics and macroeconomics, including their application to new economic problems.

You will join the Scottish economic community, attending various seminars and events, such as lectures given by Scottish Government economists and our residential methodology conference in Crieff. Such exposure has wide-ranging benefits, including helping guide your career choices.


The programme has five main elements: preliminary courses in mathematics and econometrics; six compulsory courses over two semesters; a residential methodology weekend; three optional courses; and a dissertation on a subject of your choice.

Preliminary courses
Pre-sessional Mathematics and Pre-sessional Econometrics.

Compulsory core courses
There are six compulsory core courses, comprising two each in microeconomics, macroeconomics and econometrics.

Optional courses (Economics Student students choose three from the elecives below)
* Advanced Topics in Macroeconomics
* Advanced Topics In Microeconomics
* Advanced Microeconometrics
* Development Economics
* Development of Economic Thought & Methodology
* Economic Policy
* Environmental & Natural Resource Economics
* Experimental Economics
* Health Economics
* Industrial Organisation
* International Trade
* Topics in Economic History

Students taking the MSc in Economics (Finance) must take three of the following:

* Advanced Time Series Econometrics
* Asset Pricing
* Corporate Finance
* International Money & Finance

The core and option courses are examined in April/May 2014. After these exams, successful students write a dissertation over the summer of between 8,000 and 10,000 words, for submission in August.

With the dissertation students have the opportunity to study in depth a topic largely of their own choosing. The students themselves identify a topic and a suitable and willing supervisor (from amoung the eight Universities). It is the component of a masters programme at which the student progresses from structured coursework to independent study.


The minimum entry requirement is a UK 2:1 honours degree, or its international equivalent, in economics or mathematics. We look for high grades from well ranked institutions in university-level courses covering introductory integration, probability theory and linear algebra.

We look for applicants to have a very strong grounding in economics or other quantitative subjects.

English Language Requirements

IELTS band: 6.5
CAE score: (read more)

Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IELTS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever.

193 (Grade B)
TOEFL iBT® test: 92

IMPORTANT NOTE: Per 6 April 2015 only the English language tests from IELTS and Trinity College London are accepted for Tier 4 Visa applications to the United Kingdom. Other tests (including TOEFL, TOEIC, Pearson, City & Guilds) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. Since the Trinity College London language tests must be taken in one of their exam centres in the UK, IELTS is now the only language test accepted for Tier 4 visas to the UK that can be taken worldwide.

The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.


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