University of Liverpool

University of Liverpool


MSc Economics offers advanced and rigorous training in modern Economics and Econometrics. It places much emphasis on advanced theories and techniques, as well as their applications in addressing current economic and financial issues.

The MSc Economics is particularly suited for those students who intend to continue their studies on to PhD level, within the fields of Economics or Financial Economics, potentially pursuing a career in academia. It is also an excellent opportunity for students who may wish to pursue a professional research career, for instance working within international organisations or research institutes. Graduates will also be ready for a career in industry after having developed sophisticated understanding of the economy and acquired state-of-the-art analytical skills.

The programme provides students with the option of two pathways: the ‘Economics Pathway’ and the ‘Financial Economics Pathway’. Under each pathway, modules have been introduced to provide students with advanced training in economics or financial economics.

Recent dissertation titles have included: `Money Growth and Inflation: Evidence from the UK’, ‘An Examination of the Strength of US Dollar’, ‘Aumann Structures and Agreeing to Disagree’ and ‘The Theory of Values in Cooperative Games’.

Entry requirements

A 2:1 honours degree in Economics is expected from a UK univeristy or an equivalent academic qualification from a similar non-UK institution is required.

For students with joint Economics degrees, we require a 2:1 overall degree but with good 2:1 class marks in core economics courses, such as Macroeconomics, Microeconomics and Econometrics.

Students with a first-class degree from a quantitative Science discipline (e.g. Maths, Physics, Statistics, Operational Research) are strongly encouraged to apply.

All candidates must meet our required level of English.

Course modules

There are two pathways you can take; an Economics pathway or the Financial Economics pathway. For each of these pathways you need to take four of the five optional modules.

Both pathways include a two-week 'crammer' on mathematics and statistics in the first semester.

Students are required to complete 180 credits to achieve a full MSc.

Compulsory modules

Both Pathways

  • ECON814 Econometric and Statistical Methods (Semester 1)
  • ECON905 Macroeconomic Theory (Semester 1)
  • ECON915 Microeconomic Theory (Semester 1)
  • ECON920 Advanced Econometrics (Semester 2)
  • ECON912 Dissertation (Summer semester)

Optional modules

Financial Economics Pathway

  • MATH365 Measure Theory and Probability (Semester 1)
  • MATH482 Stochastic Modelling in Finance (Semester 2)
  • ECON812 Investment and Security Analysis (Semester 2)
  • ECON813 Game Theory (Semester 2)
  • ECON916 Money and Banking (Semester 2)

Economics Pathway

  • ECON841 Mathematics for Economics (Semester 1)
  • ECON842 Informational Asymmetries & Mechanism Design (Semester 2)
  • ECON843 Advanced Macroeconomic Theory (Semester 2)
  • ECON813 Game Theory (Semester 2)
  • ECON916 Money and Banking (Semester 2)


Qualification Study mode Start month Fee Course duration
MSc Full-time September 2018 £ 17,000 per Whole course (International) 12 Months
MSc Full-time September 2018 £ 9,500 per Whole course (Home/EU) 12 Months

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Key information

Postgraduate Recruitment
Telephone number: 
0151 794 5927