Open to graduates of any discipline with quantitative components, our MSc Applied Economics will give you the opportunity to explore economic theory and apply it to real world challenges and scenarios.

Why study Applied Economics at Northumbria?

Economics is at the heart of many of society’s biggest challenges. How can we restructure our production systems to address climate change? How can public institutions implement economic policies aimed at achieving objectives such as full employment, safeguarding savings, and increasing the standards of living for the population? What impact will artificial intelligence have on the labour market and the distribution of income and wealth? Can the next generation expect to be worse off than previous generations?

This Employability-focused Applied Economics MSc?will provide you with a robust theoretical and practical preparation to address those questions and to be ready for the challenges of the future.

See other similar courses you may be interested in: Economics BSc (Hons).

From the postgraduate suite to seminar rooms, lecture theatres to social spaces, Newcastle Business School offers a fantastic learning environment.

The University has invested heavily in IT labs and facilities. You’ll use a variety of analytics software including STATA and Microsoft Excel.

Technology Enhanced Learning (TEL) is embedded throughout the course with tools such as the ‘Blackboard’ eLearning Portal and electronic reading lists that will guide your preparation for seminars and independent research. Our use of lecture capture software will help you revise challenging material.

At Northumbria it’s easy to put your learning into practice.  Opportunities for experiential learning are available through our Student Engagement Centre which promotes volunteering and placements. The Business Clinic enables our students to participate in a ‘consultancy firm’ to provide advice for our region’s businesses

Your MSc Applied Economics programme will focus on interactive and applied learning as you study a number of key modules which will give you the specialised skills required to implement theory in areas including quantitative analysis, international economics and financial economics.

The programme has modules such as Econometric Modelling which will help you to formulate, test and apply formal economic models to real-world data.

Your master’s degree in Applied Economics also develops skills in communication (both oral and written), mathematics, and computing, which means that you will achieve a number of transferable as well as specialist skills that are sought after by employers.

Should you with to pursue further study, you programme can also serve as a stepping stone to a research degree in the field of economics.

Graduates of this course will be perfectly prepared to pursue a wide range of professional and graduate management positions in economics, finance and related areas.

As part of this course you will build a portfolio of materials that can be presented to employers to demonstrate your development and appropriateness for roles in the economics field, the content of which will be informed by the work you undertake in the modules you study.

This course is also ideal if you’re interested in a career in academic research, and successful graduates may be eligible for advanced entry onto our PhD or DBA programmes.

You may go on to complete PhDs in economics and pursue successful careers as academic or research economists. Alternatively, you may move directly to employment in roles as economists with the central banks, government departments, regulatory agencies, financial sector institutions and consultancy firms. Potential job roles this programme could lead to include:

• Economist.

• Policy adviser.

• Investment analyst.

• Data analyst.

• Economic researcher.

• Management consultant.

• Journalist.

Whatever you decide to do, you will have the transferable skills that employers expect from a master’s graduate from Northumbria University. These include the ability to tackle complex issues through conceptualisation and undertaking research, the ability to contribute to new processes and knowledge, and the ability to formulate balanced judgements when considering incomplete or ambiguous data.