M.Sc. Econometrics and Mathematical Economics

London School of Economics and Political Science

Application deadline: None - rolling admissions
Tuition fee:
  • € 25,850 / Year (EEA)
  • € 25,850 / Year (Non-EEA)
Start date: September  2014, September  2015
Credits (ECTS): 90 ECTS
Duration full-time: 10 months
Languages:
  • English
Location:
Disciplines:
Delivery mode: On Campus
Educational variant: Full-time

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Description

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These MSc programmes are designed to meet the needs of those who wish to take a more mathematical approach to economics. They have proved popular with mathematicians, statisticians, physical scientists and engineers converting to economics, as well as to graduate economists. Our former students are employed as economists in a wide range of national and international organisations in government, international institutions, business and finance. Approximately one third of students proceed to PhD programmes at LSE or other leading universities.

The structure of the programmes is flexible, and allows you to specialise to some extent in either econometrics or economic theory, or a mixture of the two. The level of the material covered is perhaps higher than for any other master's degree internationally in this area, and the programmes have a long standing international reputation, listing numerous distinguished economists and econometricians among their graduates.

You should have a strong background in economic theory, econometrics, statistics and mathematics at a high level in your first degree.

If you do not have the full range of subject background required, you may apply to take the MSc over two years; please see the section below on the two year route.

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 Admissions Enquiries System. We do not require a specific mark but the test gives us an indication of aptitude for economics. Typically we expect candidates to score over 780 in the quantitative section of the test. A higher score will count in your favour, but other information, such as grades and references will matter more in the overall evaluation. We recognise that if your first language is not English, the verbal test will present special difficulties and we view your score on that basis.

Students are required to attend the Introductory Course in Mathematics and Statistics before the main teaching programme starts in October.

Contents

Students are required to attend the Introductory Course in Mathematics and Statistics before the main teaching programme starts in October.

Course 1
* Econometric Analysis

Course 2
* Advanced Microeconomics or Microeconomics for MRes Students (the latter with permission of the course tutor)

Courses 3 and 4
(* half unit) Choose a total of two units from the following:

* Macroeconomics (with permission of the course tutor and not in conjunction with Microeconomics for MRes Students)
* Quantitative Economics
* Contracts and Organisations
* Topics in Advanced Econometrics
* A course from the list of MSc Economics option papers with the approval of the programme director

Approved statistics and/or mathematics courses to the value of one unit:

* Stochastic Processes*
* Regression, Diagnostics and Generalised Linear Modelling*
* Non-Linear Dynamics and the Analysis of Real Time Series*
* Developments in Statistical Methods*
* Time Series*

Other courses in statistics or mathematics may be selected with the approval of the programme director.

MSc Econometrics and Mathematical Economics (Research)
The programme of study is identical to the MSc Econometrics and Mathematical Economics, but applicants with an interest in progressing to the MRes/PhD should apply for the MSc Econometrics and Mathematical Economics (Research) and include with their application an outline research proposal. This proposal should be a brief description of the research topic you are considering pursuing during your PhD and should explain why you are interested in this area of research. As your research interests will develop further over the year of your master's training your proposal need only be indicative. An offer for a place on the MSc Econometrics and Mathematical Economics (Research) will include a conditional offer of progression to Track 2 of the MRes/PhD, subject to the attainment of a Distinction grade in the MSc.

MSc Econometrics and Mathematical Economics (two year programme)
The preliminary year of the two year route is designed for students with high academic ability but lacking a sufficient background in economics, econometrics, statistics or mathematics. Its purpose is to enable students to develop their skills to the point where they are eligible for progression to the MSc in Econometrics and Mathematical Economics. The preliminary year consists of compulsory courses in Econometric Theory and Microeconomics, and a further course from a choice of: (a) Mathematical Methods, (b)Probability, Distribution Theory and Inference and (c) Economic Theory and its Applications. Students who successfully complete the examinations in the preliminary year will be awarded a Diploma in Econometrics and Mathematical Economics, and those meeting the required standard will be permitted to proceed to the final year of the programme.

Requirements

One year/Research - First class honours degree or equivalent with strong background in economic theory, econometrics, statistics and mathematics. Two year First class honours degree or equivalent with strong quantitative background including linear algebra and multivariate calculus. Some coursework in econometrics and economics is desirable.

English requirement

* TOEFL (Test of English as a Foreign Language) with a minimum score of 603 in the paper test or 100 in the internet based test. For full information on TOEFL and testing centres worldwide, please see * IELTS (International English Language Testing System) with a minimum score of 6.5. For full details about the British Council's English tests, please see
GRE/GMAT requirement: All graduates of non-UK institutions must submit a GRE score no more than five years old

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 (IETLS 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.

80 (Grade A)
TOEFL paper-based test score : 603
TOEFL iBT® test: 100

IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) 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.

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

Funding

Fee reductions and rewards
LSE undergraduates starting taught postgraduate study at the School are eligible for a fee reduction in the region of ten per cent of the fee. These reductions are available for UK, EU and non-EU students. The School offers a range of rewards for early payment of fees for all self-financed students.

Scholarships for study at LSE

LSE makes available over £12 million annually in financial support for its students via a range of scholarships, bursaries and award schemes, details of which can be found on these pages. LSE's world class programmes attract a consistently high calibre of applicants, many of whom seek financial support from the School, so there is always much competition for our awards. Securing the necessary funds to attend LSE can be a difficult and time consuming process so you should start to think about it as early as possible. Please be aware that the School will be unable to offer you any financial assistance if you knowingly register under funded. The relevant link on the left will take you to the awards available for your chosen level of study.

The School would like to thank the many donors who have contributed to the New Futures Fund, which provides funds for a number of discretionary scholarships.

Diploma, LLM, MA, MSc and MSc (Research) programmes

There are a range of awards available for study at this level. Approximately 19% of taught masters offer holders are successful in obtaining some form of financial support from the School. The value of support ranges in value from 10% of the tuition fee to a full fees and maintenance award.

Graduate Support Scheme

LSE's major financial support scheme for study at taught masters level is the Graduate Support Scheme (GSS). This scheme is open to all applicants, with the exception of those undertaking specific modular or executive programmes such as the MSc in Finance (Part time) or the MSc in Health Economics, Policy and Management. Around £2 million is available annually in the form of awards from the Graduate Support Scheme. The Scheme is designed to help students who do not have sufficient funds to meet all their costs of study. GSS awards range in value from £3,000 to a maximum of £10,000, and have an average value of £6,000. Application to the Graduate Support Scheme is via the LSE Graduate Financial Support Application form. This form will be made available to you once you have submitted an application for admission to the School. The form will then be available until 27 April 2011.

Awards

If you complete the LSE Graduate Financial Support Application form, and are made an offer of admission by 27 April 2011, you will also be automatically considered for any other awards being offered by LSE, for which you are eligible, with the exception of Arts and Humanities Research Council (AHRC) and Economic and Social Research Council (ESRC) funding where there are separate, department led processes in place. AHRC and ESRC funding is relevant to Home UK and Home EU applicants only, and there are also subject restrictions in place. We offer a range of awards based on different criteria such as a specific programme of study, nationality, or country of permanent domicile. In addition, a number of external organisations offer funding to support postgraduate study. We recommend that applicants follow up as many avenues as possible to find funding. Please be aware that if you accept funding from an external source, it is your responsibility to check the terms of the award. Some awards are accompanied by specific terms and conditions which you should be sure you able to meet before accepting the award. Information about other Awards offered by LSE or external organisations. Please take some time to look at all the other awards available to support your study at LSE. The details of these awards are updated each October, but new LSE awards may become available during the course of the admissions cycle. We will only write to successful applicants for these awards. Selection for these awards will take place between May and July 2011 and all successful applicants will be notified by 31 July 2011.

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