MSc

Economics / Economics (2yr)

  • Level(s) of study: Postgraduate taught
  • Study mode(s): Full-time
  • Location: City Campus
  • Starting: September 2019
  • Course duration: 1 / 2 year(s)
  • Entry requirements: More information

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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. By studying economics here, the emphasis is on the application of versatile tools, techniques and methods of thought which are distinctively associated with professional economists.

You’ll have the opportunity to work hands-on with economic tools and techniques, including the use of our state-of the-art Trading Room. 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.

Finally, 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 internship experience project, a business research project or a global experience project.

Nottingham Business School is a UK leader in financial and business education – an Economics degree from NTU gives you the foundations and opportunities to pursue a wide range of exciting careers.

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.

Nottingham Business School have both EQUIS and AACSB accreditation. We're also ranked in the top 95 European Business Schools in the Financial Times (FT).

Accredited by:

EQUIS logo
Financial Times

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. Take a look at our current term dates to give you an idea of the module structures.

We are currently reviewing the content of our courses for September 2019 entry to ensure that they remain relevant and current to our students’ future ambitions and society. Please continue to check this course page for the latest updates.

  • Modules

    We are currently reviewing the content of our courses for September 2019 entry to ensure that they remain relevant and current to our students’ future ambitions and society. Please continue to check this course page for the latest updates.

    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.

    Internship Experience Project (40 credits)

    On an internship of 12 weeks or more, you will apply the theories you have learned 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 will 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.

    Global Experience Project (40 credits)

    This exciting project gives you the opportunity of travelling overseas to attend a summer school at one of our partner institutions. You will produce a piece of academic work drawing on either a concept from the summer school or a case study based on a company local to the host institution.

    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).

    Transformational Leadership Development (10 credits)

    Transformational management education is a key focus within NBS, where effective ethical education across all business and management courses is the foundation of our students’ abilities to understand and contribute in meaningful ways towards current and future challenges in the area of sustainable development. The purpose of the module is to increase understanding of how to manage your own continuous personal and professional development in order to enable sustained career success and to be an effective and transformational leader.

    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.

    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.

  • Placement Opportunities

    If you start your Masters in September you can apply for the two-year option where 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.

    See our placements page for further details and read our frequently asked questions document for additional help.

    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 placement page for further information.

  • Memberships

    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.

Course specification

View the full course specification
Please note that course specifications may be subject to change

NTU is ranked 16th in the Guardian University Guide 2019 - the national league table focuses on student satisfaction and graduate employment.

NTU is ranked 13th for our Economics courses in the Guardian University Guide 2019.

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. The motivations for undertaking postgraduate study vary, but the two main motivators, according to the Postgraduate Taught Experience Survey (2017), appear to be grouped around two main themes; ‘career progression and employment prospects’ and ‘personal interest’.

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.

NTU has been awarded a gold rating in the Government’s Teaching Excellence Framework (TEF) for its outstanding teaching and learning.

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:

  • consultancy
  • economic researchers
  • investor relations manager
  • Banking Supervisor
  • financial analyst

98% of our postgraduates are in work or further study within six months of finishing their degrees (latest Destination of Leavers from Higher Education survey 2016-17).

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.

Visit Employability Online 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.

98% of our postgraduate students are in work or further study within six months of finishing their degrees (latest Destination of Leavers from Higher Education survey 2016/17).

The University has invested a massive £90 million in the regeneration of two Grade II listed buildings, Newton and Arkwright, at the heart of the City Campus.

Entry requirements

  • 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.

Applicants with non-standard entry requirements and / or relevant experience will be considered on an individual basis

To get in touch If you need any more help or information, please email our Admissions Team or call on +44 (0)115 848 4200.

  • 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.

We accept qualifications from schools, colleges and universities all over the world for entry onto our postgraduate degrees. If you’re not sure how your international qualification matches our course requirements please visit our international entry requirements page.

English language entry requirements

If English is not your first language you need to show us that your language skills are strong enough for intensive academic study. We usually ask for an IELTS test and we accept some alternative English language tests.

  • For 1-year Masters you'll need a 6.5 grade overall with minimum of 5.5 in each component.
  • For 2-year Masters you'll need a 6.5 grade overall with a minimum of 6.0 in speaking and listening, and 5.5 in reading and writing.

For a list of our language requirements please visit our English language page.

If you need to do a foundation or pre-Masters course to meet our course requirements please visit Nottingham Trent International College (NTIC). If you’re already studying in the UK at a school or college and would like to know if we can accept your qualification please visit our foundation and pre-Masters courses page. If you need to do a pre-sessional English language course to meet the English requirements, please visit our pre-sessional English course page.

Help and support

If you have any questions about your qualifications or about making an application to the University please contact our international team for advice.

How to apply

Ready to join us?

Click the ‘Apply’ button at the top of the page and follow these simple steps:

  1. Register as a new applicant and create an account using our 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.
  2. Fill out and submit your application - make sure to check all the information such as entry requirements before submitting.
  3. Track the progress of your application – you can do this by logging into the Application Portal.
  4. 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.
  5. 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.
  6. 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!

Please read our notes on the University's commitment to delivering the educational services advertised.

Ready to join us?

Click the ‘Apply’ button at the top of the page and follow these simple steps:

  1. Register as a new applicant and create an account using our 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.
  2. Fill out and submit your application - make sure to check all the information such as entry requirements before submitting.
  3. Track the progress of your application – you can do this by logging into the Application Portal.
  4. 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.
  5. 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.
  6. 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.

For advice on applying for a visa please visit our visa information page.

Good luck with your application!

Please read our notes on the University's commitment to delivering the educational services advertised.

If you would like more information about our courses, fees and funding or the application process please email nbs.enquiries@ntu.ac.uk or call +44 (0)115 848 4460.

Fees and funding

Course fees for Home / EU students for 2019 entry are:

Study route

Home / EU fees

One year (full-time)

£9,500

Two years (placement year)*

£10,885 (£9,500 in year one and £1,385 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.

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 or our funding page will answer all 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 25% 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.

Course fees for International students for 2019 entry are:

Study route

International fees

One year (full-time)

£15,500

Two years (placement year)*

£16,885 (£15,500 in year one and £1,385 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.

When and how to pay your fees

For advice and guidance on making secure international payments to the University please visit our international fees page.

Scholarships

If you’re an international student holding an offer to study with us, you can apply for one of our international scholarships. Please visit our international scholarships page for details.

You’ll also find information about EU tuition fee loans and external scholarships to study in the UK on these pages.

Alumni Discount

We’re happy to be able to offer a 25% 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.

Advice and guidance

If you have any questions about international fees, scholarships and other funding please contact the International Development Office at international@ntu.ac.uk or + 44 (0) 115 848 8175.

Still need help?

Nottingham Business School enquiries
+44 (0)115 848 4460