M.Sc. Economics and Finance (Specialist MSc)

  • On Campus
  • 12 months
  • GBP16650 Year (International)
  • English (IELTS accepted)
Loughborough University | Edinburgh, United Kingdom
This programme is designed to help you understand the concepts, methods and application of modern macroeconomics and microeconomics. Training in economics is combined with quantitative skills, research training and specialisation in various fields of finance.

Description of Economics and Finance (Specialist MSc)


Why study Economics and Finance at Loughborough?

This programme is designed to help you understand the concepts, methods and application of modern macroeconomics and microeconomics. Training in economics is combined with quantitative skills, research training and specialisation in various fields of finance.

It provides basic training for doctoral level research, including a sound foundation in research methods and economic theory, whatever your field of specialisation. It is also vocationally relevant for careers in the financial services sectors of industry and government and will enable you to develop transferable skills that will be of value to employers.

The following MSc named awards are normally available as pathways:

  • Economics and Finance
  • Financial Economics

All students register for the MSc in Economics and Finance. Paths leading to any other named award depend on the choice and availability of modules and dissertation topic.

Find out more at: lboro.ac.uk/departments/sbe/pg/programmes/eaf

Detailed Course Facts

Application deadline Applications can be made at any time
Tuition fee
  • GBP 16650 Year (International)
  • GBP 8750 Year (EEA)
  • GBP 8750 Year (National)
Start date September  2015 The next intake for this course is September 28th 2015.
Duration full-time 12 months
  • English
Take an IELTS test
Delivery mode On Campus
Educational variant Full-time

Course Content

75% examination and 25% coursework for most modules.

Semester One

Core Modules

  • Macroeconomic Analysis
  • Microeconomic Analysis
  • Research Communication (two-semester module)
  • Research Methods

Optional Modules (choose one)

  • Financial Economics
  • Introduction to Measure Theory and Martingales
  • Stochastic Models in Finance
  • The Financial System

Semester Two

Core Module

  • Further Quantitative Techniques for Finance and Economics
  • Research Communication (two-semester module)

Optional Modules (choose three)

  • Applied Banking and Financial Modelling
  • Asset Management and Derivatives
  • Banking and Financial Markets
  • Comparative Banking
  • Corporate Finance
  • Credit Risk Management
  • Development Finance
  • Economics and Energy Policy
  • Stochastic Calculus and Theory of Stochastic Pricing

Choice of Semester 2 modules may be restricted by the option selected in Semester 1. The School reserves the right to vary the list of optional modules.


Dissertation: a 9,000 - 12,000 word supervised dissertation to be completed over the summer on an approved topic of your choice.

The core subjects and options may vary from year to year. For the latest information please check our website.

English Language Requirements

IELTS take IELTS test
CAE score
193(Grade B)

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.

Requirements for Economics and Finance (Specialist MSc)

Upper second class honours (2:1) degree with substantial economics content. Modules must include intermediate macroeconomics, intermediate microeconomics and econometrics. Where the UK honours degree system is not used, applicants must have studied at least 14 relevant modules (including maths, statistics, economics, banking, finance BUT NOT accounting, business or management).

English language requirement for international students

IELTS: overall 6.5 with minimum 6.0 in each component

The School will accept lower IELTS scores if you undertake the University's pre-sessional English course.

5-week course: IELTS score of 6.5 with at least 5.5 in each component

10-week course: IELTS score of 6.0 with at least 5.5 in each component

Work Experience for Economics and Finance (Specialist MSc)

No work experience is required.

More Information


Triple accredited business school (AACSB, AMBA and EQUIS)

The School of Business and Economics is one of less than 1% of business schools in the world to have achieved accreditation from all three major international accrediting bodies: The Association to Advance Collegiate Schools of Business (AACSB International), the Association of MBAs (AMBA), and EQUIS accreditation from the European Foundation for Management Development (EFMD).

For more information please visit our website.

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