For more information about Applied Economics at Strathclyde Business School, University of Strathclyde, please visit the webpage using the button above.
How long you will study
Domestic course fees
GBP 12000 per year
How you will study
International course fees
GBP 19500 per year
Why this course?
You'll learn all about the fundamental principles of economic analysis. You'll also gain the skills to apply insights obtained from these principles in particular context such as:
The course is suitable for those intending to develop their careers in areas such as economics, banking, energy, central and local government, charities and management.
If you're already working in one of these areas, the course will enhance your effectiveness by developing skills in data analysis, decision-making, policy formation and communication.
Aims & objectives
The programme will provide you with:
There's two semesters of core and elective modules, followed by a dissertation.
You must choose four modules from the list below. You can substitute two modules for classes offered elsewhere in the Business School. You'll choose from:
Dissertation topics can be chosen from within the broad range of issues covered on the programme.
Compulsory classesFoundations of Microeconomics
This is designed to be accessible if you have no prior expertise in economics.
It is focused on economic literacy with a clear emphasis on the application to contemporary issues in the real world. Knowledge of these topics provides the foundation for further study in a broad range of topics in Economics.Further Topics in MicroeconomicsYou'll build on knowledge acquired in Foundation of Microeconomics to explore various topics in Microeconomics.In particular we will explore situations in which markets do not work properly and discuss justifications for public intervention. As with the foundation course, emphasis will be put on how the ideas can be applied to the real world. Particular relevance will be given to topics related to imperfections in financial markets and in public utilities, and to the regulation of such markets.Macroeconomics for the Business Environment
By the end of the class you'll be able to assess the information content in the behaviour of key macroeconomic variables; discuss their implications for business managers. You'll understand the objectives and challenges in the design and operation of macroeconomic policies and explain how policy impacts on the macroeconomic environment.Macroeconomics for the Global Business Environment
By the end of the class you'll be able to assess the information content in the behaviour of key macroeconomic variables.
You'll be able to discuss their implications for business managers; understand the objectives and challenges in the design and operation of macroeconomic policies as well as explain how policy impacts on the macroeconomic environment.Analysis of Economic Data
This module introduces some of the statistical methods commonly used in applied economics with an emphasis on regression analysis.
You'll focus on understanding and application but also consider some of the more formal concepts required to engage in econometric work with confidence.Quantitative Methods
This module builds on Analysis of Economic Data.
You'll cover the following estimation techniques:
Each topic will be introduced in lectures and then illustrated via practical application in lab sessions.Principles of Economic Appraisal
Economic appraisal is a key tool in the work of an economist, and this module goes through the key principles and techniques of economic appraisal, in both private and public contexts.
It deals with several forms of economic appraisal:
You must choose four modules from this list. You can substitute two classes listed here for classes offered elsewhere in the Business School.Fundamentals of Business Economics
The Fundamentals of Business Economics module introduces you to the concepts of Business Economics and to the complexity of business decisions. The scope of the module extends to cover issues in business strategy and to explain how firms position themselves in markets in order to be successful.International Trade & Policy
The focus of this module is on developing an understanding as to why countries engage in international trade.
At the heart of the module is an analysis of the distribution of the gains from trade, identifying the circumstances where trade liberalization is mutually beneficial and those where there are winners and losers at the international or national level.
The module will address the current issues facing the world trading system and how these might be resolved.Games of Strategy
Games of Strategy studies decision making in strategic scenarios where the outcome of a decision depends not only on your decision but also the decisions made by others.
We study the analysis of such decisions to fully understand how to make effective decisions in these ubiquitous environments.Environmental EconomicsEnergy Economics
The module explores key economic issues at the heart of topical energy questions. The module covers
MSc students onlyDissertation
The dissertation is an extensive and substantial piece of economic analysis, which typically involves a literature review, original research, and econometric analysis.
You're expected to demonstrate their ability to apply the knowledge and tools that they have acquired throughout the year.
Learning & teaching
As well as attending lectures you'll undertake projects, case studies and small group work.
Fees & funding
All fees quoted are per academic year unless stated otherwise.
Rest of UK
How can I fund my course?
There are scholarship opportunities available for students applying for this course. Opportunities include:
Scottish and non-UK EU postgraduate students
Scottish and non-UK EU postgraduate students starting in 2017 may be able to apply for support from the Student Awards Agency Scotland (SAAS). The support is in the form of a tuition fee loan and for eligible students a living cost loan. Find out more about the support and how to apply.
Students coming from England
Students ordinarily resident in England can apply for Postgraduate support from Student Finance England. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. Find out more about the support and how to apply.
Students coming from Wales
Postgraduate students starting in 2017 who are ordinarily resident in Wales can apply for support from Student Finance Wales. The support is a loan of up to £10,280 which can be used for both tuition fees and living costs. We are waiting on further information being released about this support and how to apply.
Students coming from Northern Ireland
Postgraduate students starting in 2017 who are ordinarily resident in Northern Ireland can apply for support from Student Finance NI. The support is a tuition fee loan of up to £5,500. We are waiting on further information being released about this support and how to apply.
We have a large range of scholarships available to help you fund your studies. Check our scholarship search for more help with fees and funding.
The fees shown are annual and may be subject to an increase each year. Find out more about fees.
The MSc in Applied Economics builds on our experience over many years in delivering classes that produce highly employable graduates. The course has been designed with employers' needs in mind, with design input from those who employ our graduates.
Where are they now?
Economists have excellent employment prospects and are amongst the most sought after postgraduates. Some examples of the kinds of work our graduates do is provided in the following list.
Job titles include:
A good Honours degree, or overseas equivalent.
For students whose first language is not English, get more information about the English language requirements for studying at Strathclyde.
Pre-Masters preparation course
The Pre-Masters Programme is a preparation course for international students (non EU/UK) who do not meet the entry requirements for a Masters degree at University of Strathclyde. The Pre-Masters programme provides progression to a number of degree options.
To find out more about the courses and opportunities on offer visit International Study Centre and discuss your education future. You can also complete the online application form. To ask a question please fill in the enquiry form and talk to one of our multi-lingual Student Enrolment Advisers today.
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