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University of Westminster Economic Policy and Analysis MSc
University of Westminster

Economic Policy and Analysis MSc

London, United Kingdom

1 Years

English

Full time

Request application deadline

Sep 2024

GBP 13,000 / per year *

On-Campus

* international | UK: £11,500

Postgraduate Online Open Day

Introduction

Economics is more relevant than ever to understand contemporary events in the global economy and provide the tools and techniques for businesses and governments to analyse and interpret the issues and problems they face. Reflecting the needs of both private and public sector employers, our highly practical MSc prepares you to assess business problems, interpret public policy and effectively communicate the insights that economic analysis can provide.

Aimed at those with a genuine interest in the application of economics to real-world situations, this course aims to provide you with an in-depth knowledge of the latest theories, practices and key concepts in economics that underpin public sector policy and business decision-making. This includes the various scenarios where we explore opportunity cost, equilibrium and disequilibrium, strategic interaction, market failure and the related concept of externalities.

The focus is very much on developing the practical skills needed by a working economist – the ability to apply economic techniques to complex, multi-faceted business problems and provide specialist advice. You’ll gain hands-on experience with the industry-standard computing and econometrics software used to analyse and manipulate data.

You’ll be taught by staff who share their experience working and consulting for the UK Government Economic Service, HM Treasury, HM Revenue and Customs, the Department of Work and Pensions, House of Lords, Federation of Small Businesses, European Commission, International Labour Office, and many other major international financial firms.

There is an increasing demand worldwide for economic analysis in international development, local and central government, non-governmental organisations, charity, urban and regional development policy, education or research. Past graduates have become Fast Stream economists in the UK Government Economic Service, and others have gained employment as economists or economic analysts in charities and the private sector.

The course has been designed with input from colleagues at the Society of Professional Economists and previous students now working in the UK Government Economic Service.

Top reasons to study with us

  • 90% overall student satisfaction in the 2019 Postgraduate Taught Experience Survey (TES)
  • Free student membership of the Society of Professional Economists, giving you access to a global network of practising economists
  • Taught by highly experienced staff who have worked with the UK Government Economic Service, HM Treasury, HM Revenue and Customs, Federation of Small Businesses, European Commission and many other major international financial firms
  • Guest lectures from industry practitioners, with past topics including the role of the Office of Budget Responsibility and careers in the UK Government Economic Service
  • Free access and experience using Office for National Statistics datasets and EViews
  • Free online subscription to Financial Times and part of the material on the course reading list includes free textbooks for the majority of core and option modules

Why study this course?

  • Develop key skills
    Develop the valuable skills required to work as an economist in the public and private sectors.
  • Combine theory and practice
    Link economic theory with practice through application to real-world economic issues.
  • Professional software
    Free access to professional software, including EViews, core textbooks, subscription to the online Financial Times and student members of the Society of Professional Economists.

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