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Economics

This two-year programme provides rigorous mathematical training in modern economics. It will equip you with a thorough understanding of the research tools and techniques, both theoretical and empirical, required for the analysis of economics.

**Academic contact: economics-mres@glasgow.ac.uk
Admissions enquiries: www.gla.ac.uk/enquirenow
MRes: 24 months full-time**

**WHY THIS PROGRAMME**

This MRes is distinctive in its two-year programme structure and will provide you with comprehensive foundational training in economics. It is modelled on the established tradition of US universities providing thorough PhD preparation.

It is ideally suited if you have a quantitative background, but limited exposure to economic ideas, or if you have a background in economics and are interested in developing this knowledge in line with the current standards of economics research.

It includes extensive training in qualitative research methods of mathematics, statistics and econometrics, as well as the mathematical treatment of the core areas of economics.

Our staff members are research-active economists, who publish regularly in leading professional journals such as Econometrica, Theoretical Economics, the Economic Journal, and the Review of Economic Dynamics.

You will have the opportunity to join the Economics Group, which is a vibrant postgraduate research community that runs a series of seminars dedicated to different subjects within economics. The group also hosts workshops and conferences, and attracts international research visitors of world-leading quality.

**Adam Smith Business School is triple accredited**
**www.gla.ac.uk/schools/business/aboutus/accreditationsandrankings/**

**PROGRAMME STRUCTURE**

During the first two weeks you will take a pre-sessional mathematics course. This ensures that you all begin the programme on the same mathematical footing. In year one you will receive comprehensive research-oriented training in research methods and the core areas of economics. You will also receive advanced training in research design and complete an independent summer research project under academic supervision.
After year one of this programme you will have the option to graduate with an MSc Quantitative Economics, or continue to year two which will focus on the specialised fields of applied economics; preparing you for your PhD.
In year two you will take optional courses in your chosen subfield of specialisation, as well as work on a dissertation that will lead to your PhD proposal (should you decide to proceed further onto a PhD in Economics). Teaching will be in the format of lectures, tutorials and seminars, with work on research projects.

**Core courses**
- Econometrics

- Macroeconomics 1

- Macroeconomics 2

- Microeconomics 1

- Microeconomics 2

- Quantitative methods.

**Optional courses may include**
- Behavioural economics

- Contract theory

- Decision theory

- Economic growth: Theory and numerical solution methods

- Game theory

- Industrial organisation

- International macroeconomics

- Market microstructure

- Methods of economic dynamics

- Microfoundations of macroeconomics

- Networks and games

- Time series analysis

- Welfare and mechanism design.

**Programme alteration or discontinuation**
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Student contract.
www.gla.ac.uk/myglasgow/senateoffice/studentcontract/

**CAREER PROSPECTS**
This programme provides you with thorough preparation for PhD research, and completion at a sufficiently high level guarantees admission into the Glasgow Economics PhD programme. You will also be extremely well-positioned to be accepted for PhD study in other universities.

Entry requirements

Master of Research - MRes: 2.1 Honours degree or non-UK equivalent in economics or related subject with substantial technical component (e.g. mathematics, statistics, physics, engineering) You will also need to submit a personal statement which clearly evidences a strong desire to pursue an academic career in Economics and show evidence of exposure to multivariable calculus, matrix algebra and basic probability/statistics.

Only academic references will be accepted. Referees will know the applicants in the capacity of students/researchers, not from internship or work in private/public sector. Applicants are encouraged to submit any additional (academic) documents they believe will support their application.

English language requirements

For applicants whose first language is not English, the University sets a minimum English Language proficiency level.

International English Language Testing System (IELTS) Academic module (not General Training):
?overall score 6.5
?two sub-tests no less than 6.5, no sub-test less than 6.0
?or equivalent scores in another recognised qualification:

Common equivalent English language qualifications

All stated English tests are acceptable for admission for both home/EU and international students for this programme:
?ibTOEFL: 90; no sub-test less than: ?Reading: 20
?Listening: 19
?Speaking: 19
?Writing: 23

?CAE (Cambridge Certificate of Advanced English): 176 overall; no sub-test less than 169
?CPE (Cambridge Certificate of Proficiency in English): 176 overall; no sub-test less than 169
?PTE Academic (Pearson Test of English, Academic test): 60; no sub-test less than 59
?Trinity College London Integrated Skills in English: ISEII at Distinction with Distinction in all sub-tests

For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept an IELTS test (Academic module) from any of the 1000 IELTS test centres from around the world and we do not require a specific UKVI IELTS test for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.

Pre-sessional courses

The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:
?School of Modern Languages and Cultures: English for Academic Study
?BALEAP guide to accredited courses

Course modules

In year 1 you will take six core courses and write a research project over the summer. In year 2 you will take six optional courses and complete a dissertation. If you complete the MRes at a sufficiently high level, you are automatically admitted into our 3-year PhD programme. You will attend lectures, tutorials and seminars, and work on research projects.

Core courses
?Econometrics
?Macroeconomics 1
?Macroeconomics 2
?Microeconomics 1
?Microeconomics 2
?Quantitative methods.

Optional courses may include
?Behavioural economics
?Contract theory
?Decision theory
?Economic growth: Theory and numerical solution methods
?International macroeconomics
?Market microstructure
?Methods of economic dynamics
?Microfoundations of macroeconomics
?Networks and games
?Time series analysis
?Welfare and mechanism design.

Programme alteration or discontinuation
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Legal statements: Disclaimer.

Assessment methods

Dissertation

Sponsorship information

Qualifications

Qualification Study mode Start month Fee Fee locale Course duration
Master of Research - MRes Full-time September 2019 7,650 (Year 1) Scotland 24 Months
Master of Research - MRes Full-time September 2019 7,650 (Year 1) Wales 24 Months
Master of Research - MRes Full-time September 2019 16,650 (Year 1) International 24 Months
Master of Research - MRes Full-time September 2019 7,650 (Year 1) England 24 Months
Master of Research - MRes Full-time September 2019 7,650 (Year 1) EU 24 Months
Master of Research - MRes Full-time September 2019 7,650 (Year 1) Northern Ireland 24 Months

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