Economics MSc
- Level(s) of Study: Postgraduate taught
- Start Date(s): September 2024
- Duration: One year full-time / two years with a work placement
- Study Mode(s): Full-time / Sandwich
- Campus: City Campus
- Entry Requirements:
More information
Introduction:
Our MSc Economics degree has been designed to give you an in-depth understanding of economic concepts, principles and techniques by focusing on the application of economics to contemporary real-world issues.
You will be encouraged to think like an economist through the application of economic ideas and methods drawn from a range of alternative perspectives. The emphasis of this degree is on the application of versatile tools, techniques and methods of thought which are distinctively associated with professional economists.
You will have the opportunity to work hands-on with economic tools and techniques, including the use of our state-of the-art Business Lab - a real-time trading environment. You will learn how to access economic phenomena, using theory and evidence to draw insights into the underlying causes and importantly their impact on people, businesses and the wider society.
In your third semester, you’ll choose an experiential project. With the opportunity to use your skills in a real-world setting, you can choose from completing a consultancy experience project, an in-company experience project, a business research project or a global experience project.
What you’ll gain from this degree?
- apply advanced economic concepts and techniques to analyse problems in scare resource allocation.
- synthesise and critique a range of economic ideas and methods relating to issues and problems in the allocation of scarce resources.
- be able to apply advanced economic concepts and techniques to evaluate international trade and investment flows.
- learn how to synthesise and critique a range of methods employed in evaluating prospective investments in goods and services.
- evaluate the rigour and validity of published research and assess its relevance to the practice of economics.
- make recommendations for organisational practice based on theoretical insights through a process of experiential or applied learning.
- develop a critical understanding of the role of the economics discipline in the global context.
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Gain hands-on experience with economic tools and techniques, including the use of our state-of the-art Business Lab - a real-time trading environment. -
You will be allocated an Academic Mentor at the beginning of the academic year and you will meet with them regularly throughout the year. Academic Mentors help you make the most of your time at NBS. -
NBS is part of the 1% of business schools worldwide to have both EQUIS and AACSB accreditation. -
At NBS you can create a personalised learning experience, giving you a unique Masters degree that equips you with the skills you'll need, for the career you want.
What you’ll study
At NBS you can create a personalised learning experience, giving you a unique Masters degree that equips you with the skills you'll need, for the career you want. Each of the modules will be delivered over a four week period, with teaching delivered in three weeks and the fourth week left clear for assessment work. This enables you to focus on one subject at a time, whilst allowing time for preparation and assessment work.
- Programme overview
- Semester one
- Semester two
- Semester three
- Ongoing learning/professional development
- Placement opportunities
Semester one modules
- Behavioural Applications in Economics and Finance
- Using Quantitative Data in Economic Analysis
- Contemporary Issues in Economics
Semester two modules
- International Trade and Investment
- Economic Evaluation Techniques
- Economic Analysis of Global Issues
Semester three modules
Your choice of final semester project. Experiential projects include:
- Consultancy Experience Project;
- In-Company Experience Project; or
- Business Research Project
Module for those undertaking the 2 year course
- Placement Diploma in Industrial Experience
Semester one
Behavioural Applications in Economics and Finance (20 credits)
The overall aim of the module is to help you to increase your understanding of less traditional areas of microeconomics and finance theory that incorporate behavioural factors. These will provide an understanding of where standard economic and finance theories based on perfectly rationality and/or rational expectations are unable to explain anomalies experienced in real life. These theories will help you develop an understanding of why individuals often take actions which appear irrational. It is also intended that you will be able to think about how these theories might be tested in real life contexts to provide you with the skills to apply and test theories in your future careers.
Using Quantitative Data in Economic Analysis (20 credits)
An ability to understand and analyse quantitative data is an important part of an economist’s toolkit. This module will develop your numeracy, enabling you to explore, describe and utilise data in economic and business analysis. Advance your knowledge, appreciation and skills for applying ideas, tools and techniques of economic analysis to unfamiliar cases in the global business environment.
Contemporary Issues in Economics (20 credits)
This module aims to develop your ability to apply economic analysis to a range of contemporary economic problems and policies. You will be able to apply knowledge, tools and techniques to resolve issues in new and diverse situations within the economics discipline.
Semester two
International Trade and Investment (20 credits)
This option will advance your knowledge and skills for adopting data analysis, supported by a range of economic models, to interpret patterns of global trade and investment.
Economic Evaluation Techniques (20 credits)
On this module, you will study realistic case-studies which advance your knowledge and practical skills for applying tools and techniques used by professional economists to inform decision-making in a range of organisations.
Economic Analysis of Global Issues (20 credits)
On this module, you will be able to apply ideas, tools and techniques of economics to various live issues in the global business environment. You will apply advanced economic concepts and techniques to evaluate international trade and investment flows.
Semester three
In your final semester you will take on a major project, giving you a fantastic opportunity to use the theories and knowledge you have gained to produce a challenging, meaningful piece of work. Projects include:
Consultancy Experience Project (40 credits)
Working as part of a team, you will undertake focused research, developing your professional skills, managing a complex project and delivering results in a real business situation. You will present your findings to the client and learn valuable project management tools and concepts.
In-Company Experience Project (40 credits)
On an in-company experience project of seven weeks or more, you'll apply the theories you've learnt to a substantial, live project. This will involve focused research, developing skills, managing a complex project and delivering results in a real business situation. You'll also learn project management tools and concepts.
Business Research Project (40 credits)
This project is a more traditional piece of independent research, creating an academic research paper, presentation and methodological reflection. Because we believe experiential learning is so important, this project is only available to students with significant prior work experience or a desire to progress to a PhD.
For more information about semester three options please visit our Experiential Projects page.
Ongoing learning
Throughout the year you will also study the following modules which will help you understand how to manage your own continuous personal and professional development (PPD).
Professional Practice (10 credits)
The purpose of the module is to increase your understanding of your own personal and professional development needs to enhance your business acumen and improve your employability. The module utilises a series of taught sessions to help you explore the human side of enterprise and deploys a series of diagnostics tests to help you evaluate yourself and develop an individual action plan. It will combine teaching with individual and group mentoring to help you execute your plan. The module also promotes engagement with internal and external workshops, lectures, experiential learning opportunities and extra-curricular events to help you expand your knowledge and skills, whilst challenging your attitudes and behaviours. You will gain a deeper understanding of the importance of continuous professional development from the perspective of professional bodies, such as the CMI, CIM, APM and SPE.
Research Methods for Economists (10 credits)
The aim of this module is to develop students as effective researchers in different contexts within the subject area of economics.
Professional development
As an MSc Economics student, you will benefit from a membership with the Society of Professional Economists. The Society of Professional Economists (SPE) is the leading organisation serving professional economists in the UK. The SPE has more than 650 members, drawn from all areas of the profession including finance and commerce, industry, government departments, private sector consultants, business schools and universities.
By becoming a member you will gain access to a wide network of professional economists, providing an excellent means of establishing contact with other leading economists in your own field and in other areas. This network is not confined to the UK; the Society has overseas members and links with similar associations in other countries in Western Europe and in North America.
Placement Diploma in Industrial Experience (2 year course only)
This module aims to develop your understanding of the business and commercial environment. You will apply relevant prior knowledge and skills in the business environment increasing your commercial awareness. On completion of the module, you will have developed a range of skills and have a practical insight into the world of work and possible career opportunities.
Please note that placements are only available for students beginning their studies in September and is not available for students starting in January.
If you opt for the two year route you can add a year’s work placement onto your course. It’s a great way to put your learning into practice and gain valuable real-world experience to help boost your career prospects once graduating.
Your placement year will last up to 48 weeks (minimum 36 weeks). If you are unable to take a full year's placement, but have completed the minimum 36 weeks you can qualify for a Placement Diploma in Industrial Experience. If you undertake a placement, you must take up the Business Research Project in Semester Three.
Please note that placements are not guaranteed and you will need to work hard in securing one during your first semester. We have a dedicated Employability team who are here to help and support you during the placement process with CV writing, creating a LinkedIn page, interview tips, where to search for a placement etc. You can visit the Employability team’s page for further information.
Placements are only available for students beginning their studies in September.
Please contact us through Ask NTU if you have any questions about securing placements.
Don’t just take our word for it, hear from our students themselves
How you’re taught
Teaching and Learning
Nottingham Business School adopts a distinctive approach to the design of student learning opportunities. Your learning is structured around theory, practice, experience & observation, and reflection & improvement. At each level (course, module and session), you will study different theories, concepts and approaches and be given opportunities to apply these in a range of practical settings. The aim is to enhance your understanding through the direct experience of business, where you will have opportunities to observe business practices and behaviours (including your own) and analyse these using theoretical knowledge. It is our intention that by reflecting on these experiences, you will be able to use these theories to guide your actions and decisions in a business context or even consider how a theory itself might be improved. In this way, we aim to enhance the quality of your learning.
Academic Mentors
Every postgraduate student will be allocated an Academic Mentor at the beginning of the academic year and you will meet with them regularly throughout the year. Academic Mentors help you make the most of your time at NTU. They will support you in developing and enhancing the qualities and transferrable skills necessary for your studies, career progression, professional and personal development.
Assessments
A range of assessment methods are used across the course, the choice of which reflects the needs and demands of the different types of module. Some modules will assess the ability to work collaboratively in a team and others will assess individual capability. Types of assessment will range from examinations to group presentations including essays, reports, financial analyses, literature reviews and research based projects.
The interactive nature of the taught sessions offers opportunities to gain feedback on your performance before being formally assessed and increasing use is made of eLearning to further support the feedback process.
In-sessional English language support
In-sessional English language classes are offered to international students at no extra cost. The classes aim to provide focused support in the skills you need in order to develop your English in your subject area.
Further information please contact the Nottingham Language Centre based in the DICE building on City Campus:
Tel: +44 (0)115 848 6156 | Email: englishsupport@ntu.ac.uk | Website: www.ntu.ac.uk/nlc
Personalisation
We know our postgraduate students are a diverse group, with different levels of academic knowledge in their chosen area of study, different cultural and educational backgrounds, and varying levels of personal and professional skills and competencies.
At NBS we strive to ensure that these two motivating factors are nurtured and therefore supported. Our students are encouraged to practice and develop the skills and competencies required to critically reflect on their learning, and on their ability to apply this learning to their studies and to real world complex issues within the workplace. Through a series of curricula and extra-curricular initiatives, strengthened by tailored academic mentor support, NBS provides all our postgraduate students with the ability to participate in a range of challenging and unique activities, projects, events and experiences to enable our students to succeed in a competitive and dynamic global environment.
Careers and employability
At Nottingham Business School, we’re focused on your employability from the start of your postgraduate degree. We provide you with a learning experience that integrates theory and practice.
Graduates from this course have gone onto roles within the public, private and third sector, undertaking positions such as:
- Consultant
- Economic Researcher
- Investor Relations Manager
- Banking Supervisor
- Financial Analyst
Employability Team
We have a dedicated Employability Team who not only help you during your time with us but also following graduation, they’ll continue to support you by providing a number of services that will help kick-start your career.
Our Employability Team offer a wide range of support from one-to-one appointments with our specially trained consultants, to arranging recruitment fairs and skill building workshops.
Services they provide include:
- Finding placements, internships and part-time work
- Helping you to pursue self-employment
- Advice on taking gap years and time out
- Information and help on getting into volunteering
- Providing advice on further study.
As a student you will have access to our virtual learning environment, where you will be able to get in touch with our Employability team for CV support, application, interview and job hunting advice, career ideas and employer videos.
You can visit the Employability Team on your local campus every day during term time. They are also open outside of term time too, except on University closure days. So drop in, say hello, and get help with quick enquiries or book an appointment with a careers consultant from your school.
Re:search Re:imagined
To us, research is about more than writing papers and proposing new ideas. By daring to think differently, we’re disrupting the research landscape and finding the answers to the questions that really matter. From ethics, innovation and entrepreneurship to behavioural science, we’re inspiring the brightest minds to rise up and find solutions to some of the most significant global challenges facing society.
Find out more: ntu.ac.uk/research
Campus and facilities
We are continually investing in our facilities, and transforming our learning and teaching environment to create an inspiring and innovative atmosphere.
The School is based in the impressive Newton Building on NTU's City Campus.
Postgraduate Centre
A short walk from the Newton building and Boots library, the Postgraduate Centre facilitates on-campus teaching for Nottingham Business School’s postgraduate and executive education courses.
Dryden Centre
Benefit from the newly built NTU Dryden Enterprise Centre that provides dedicated support for entrepreneurs, start-ups, small and medium-sized enterprises.
Fantastic facilities
- You can take advantage of the Link Lounge, a space dedicated to Business School students, located on floor zero of the Newton building.
- Explore your career prospects with the help of the University's Employability Team.
- You will benefit from spacious teaching rooms and lecture theatres.
- We provide students with a variety of social spaces.
- Your studies will benefit from the £13 million Boots Library.
- You can take advantage of our 24-hour IT facilities.
- Our Student Services Centre will also be on-hand should you need support.
- sports facilities
- shops
- student accommodation
- music venues
- cafés.
The location of the City site also means that you have easy access to:
Entry requirements
One year course
- You will need an undergraduate degree equivalent to a UK undergraduate honours degree (2.2 or above) in one of the following fields: economics, business, management, finance or another social science-related subject (containing quantitative methods at level 1 as a minimum), or a quantitatively-based subject such as science, engineering or maths.
- All applicants will be required to demonstrate a commitment to the subject they wish to study and should demonstrate how their chosen programme of study will benefit them in their future career.
- One academic reference is required.
Two years with placement
- You will need an undergraduate degree equivalent to a UK undergraduate honours degree (2.1 or above) in one of the following fields: economics, business, management, finance or another social science-related subject (containing quantitative methods at level 1 as a minimum), or a quantitatively-based subject such as science, engineering or maths.
- All applicants will be required to demonstrate a commitment to the subject they wish to study and should demonstrate how their chosen programme of study will benefit them in their future career.
- One academic reference is required.
Get in touch If you need any more help or information, please contact us at Ask NTU or call on +44 (0)115 848 4200.
NTU may admit a student with advanced standing beyond the beginning of a course, through an assessment of that student's prior learning, whether it is certificated or uncertificated. Our Recognition of Prior Learning and Credit Transfer Policy outlines the process and options available to these prospective students, such as recognising experiential learning or transferring to a similar course at another institution, otherwise known as credit transfer.
All prospective students who wish to apply via Recognition of Prior Learning should initially contact the central Admissions and Enquiries Team who will be able to support you through the process.
Getting in touch
If you need more help or information, get in touch through our enquiry form
One year course
- You will need an undergraduate degree equivalent to a UK undergraduate honours degree (2.2 or above) in one of the following fields: economics, business, management, finance or another social science-related subject (containing quantitative methods at level 1 as a minimum), or a quantitatively-based subject such as science, engineering or maths.
- All applicants will be required to demonstrate a commitment to the subject they wish to study and should demonstrate how their chosen programme of study will benefit them in their future career.
- One academic reference is required.
Two years with placement
- You will need an undergraduate degree equivalent to a UK undergraduate honours degree (2.1 or above) in one of the following fields: economics, business, management, finance or another social science-related subject (containing quantitative methods at level 1 as a minimum), or a quantitatively-based subject such as science, engineering or maths.
- All applicants will be required to demonstrate a commitment to the subject they wish to study and should demonstrate how their chosen programme of study will benefit them in their future career.
- One academic reference is required.
International qualifications
We accept qualifications from all over the world – check yours here:
Postgraduate preparation courses (Pre-Masters)
If you don’t yet meet our entry requirements, we offer Pre-Masters courses through our partner Nottingham Trent International College (NTIC), based on our City Campus:
English language entry requirements
You can meet our language requirements by successfully completing our pre-sessional English course for an agreed length of time, or by submitting the required grade in one of our accepted English language tests, such as IELTS:
Would you like some advice on your study plans?
Our international teams are highly experienced in answering queries from students all over the world. We also have members of staff based in Vietnam, China, India and Nigeria and work with a worldwide network of education counsellors.
- Complete this simple form to keep in touch with the International Office.
Fees and funding
Home fees for September 2024 entry
| Study route | Home fees |
|---|---|
| One year (full-time) | £11,900 |
| Two years (placement year)* | £13,750 (£11,900 in year one and £1,850 in year two) |
*Please note that if you are considering a course that runs over more than one year, the tuition fee stated is for the first year of study. The course fee for the second year may be subject to annual review.
Placements are only available for students beginning their studies in September.
Additional costs
Your course fees cover the cost of studies, and include loads of great benefits, such as the use of our City Campus library, support from our expert Employability team, and free use of the IT equipment across our campuses.
You may choose to purchase core text books for your course, and prices for these may vary. However, our library is home to four floors of books, journals and materials (many of which you can access online) – meaning you may not need to purchase as many books as you might think!
Whilst on placement students will be expected to pay for accommodation, travel and living costs.
Funding your studies
Preparing for the financial side of student life is important, but there’s no need to feel anxious and confused about it. We hope that our fees and living costs page and funding pages will answer your questions.
Postgraduate loans
The government introduced a new postgraduate loan scheme for Master degrees. The loan will be a contribution towards the costs of study and it will be at the student's discretion to use the loan towards fees, maintenance costs or other costs. Find out more on our postgraduate loans page.
Scholarships
You might be able to get a scholarship to help fund your studies. We award scholarships to those students who can demonstrate excellent achievement, passion and dedication to their studies.
Alumni Discount
We’re happy to be able to offer a 20% alumni discount to most current NTU students and recent NTU alumni. This discount is currently available for those starting an eligible postgraduate taught, postgraduate research or professional course.
Getting in touch
For more advice and guidance, you can contact our Student Financial Support Service on Tel: +44 (0)115 848 2494 or for Scholarship help please contact us on Tel: +44 (0)115 848 4460.
International / EU fees for September 2024 entry
| Study route | International / EU fees |
|---|---|
| One year (full-time) | £20,250 |
| Two years (placement year)* | £22,100 (£20,250 in Year One and £1,850 in Year Two) |
*Please note that if you are considering a course that runs over more than one year, the tuition fee stated is for the first year of study. The course fee for the second year may be subject to annual review.
Placements are only available for students beginning their studies in September.
Tuition fees are payable for each year that you are at the University. The level of tuition fees for the second and subsequent years of your postgraduate course may increase in line with inflation and as specified by the UK government.
Scholarships
We offer scholarships of up to 50% of your tuition fee. You can apply for your scholarship when you have an offer to study at NTU.
Living costs
Get advice on the cost of living as an international student in Nottingham and how to budget:
Paying fees
Find out about advanced payments, instalment plan options and how to make payments securely to the University:
Would you like some advice on your study plans?
Our international teams are highly experienced in answering queries from students all over the world. We also have members of staff based in Vietnam, China, India and Nigeria and work with a worldwide network of education counsellors.
- Complete this simple form to keep in touch with the International Office.
Additional Costs
Your course fees cover the cost of studies, and include loads of great benefits, such as the use of our library, support from our expert Employability team, and free use of the IT equipment across our campuses.
Library books
Most study modules will recommend one or more core text books, which most students choose to purchase. Book costs vary and further information is available in the University’s bookshop. Our libraries provide a good supply of essential text books, journals and materials (many of which you can access online) – meaning you may not need to purchase as many books as you might think! There may also be a supply of second-hand books available for purchase from previous year students.
Field trips
All essential field trip costs will be included in your course fees. There may be the opportunity to take part in optional field trips, which do incur additional costs.
Placement
Whilst on placement students will be expected to pay for accommodation, travel and living costs.
Print and copy costs
The University allocates an annual printing and copying allowance of £20 depending on the course you are studying. For more details about costs for additional print and copying required over and above the annual allowance please see the Printing, photocopying and scanning information on the Library website.
How to apply
Ready to join us? Apply through our NTU Applicant Portal.
- Register as a new applicant and create an account in the Applicant Portal - don't worry you won't need to complete your application at once, you can come back to it so keep your details safe.
- Fill out and submit your application - make sure to check all the information such as entry requirements before submitting.
- Track the progress of your application – you can do this by logging into the Application Portal.
- Check your offer – As long as you’ve provided all the information we need, we’ll try and make a decision on your application within five to ten working days. However, this can take longer and you should allow at least three weeks for a decision.
- Accept your offer within four weeks - Remember that competition for places is high, and if you don’t accept your offer within four weeks it may lapse. After eight weeks it will be automatically withdrawn.
- Meet the conditions of your offer (if you have any) - Upload all the documents required to meet the conditions of your offer using the My Documents section of the Applicant Portal.
Don’t worry if you’re waiting for results – we recommend applying now, and then adding them to your Application Portal once they arrive.
If you need some help in writing your application you can view our handy tips.
Good luck with your application!
Apply online through our NTU applicant portal.
Application advice
Apply early so that you have enough time to prepare – processing times for Student visas can vary, for example. After you've applied, we'll be sending you important emails throughout the application process – so check your emails regularly, including your junk mail folder.
Writing your personal statement
Be honest, thorough, and persuasive – we can only make a decision about your application based on what you tell us:
Would you like some advice on your study plans?
Our international teams are highly experienced in answering queries from students all over the world. We also have members of staff based in Vietnam, China, India and Nigeria and work with a worldwide network of education counsellors.
- Complete this simple form to keep in touch with the International Office.
The University's commitment to delivering the educational services advertised.