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Economics and Data Science MSc

Different course options

Study mode

Full time

Duration

12 months

Start date

SEP-25

Key information
DATA SOURCE : IDP Connect

Qualification type

MSc - Master of Science

Subject areas

Economics Data Science

Course type

Taught

Course Summary

Unlock the power of data in Economic Analysis with our Economics and Data Science Master's course. Gain the skills and expertise necessary to navigate the complex world of big data. Learn to use methods such as Random Forests, clustering algorithms and text-as-data methods.

Overview

Our core modules equip you with the tools to extract valuable insights and drive innovation. You'll learn how to improve data-driven decision-making of individuals, firms and governments. You can tailor your degree with a range of optional modules. You'll apply your learning by completing a dissertation using real data.

With this Master’s degree from Newcastle University, you will have developed the skills necessary to excel as a:

  • professional economist
  • policy maker
  • academic researcher

What you'll learn

You will acquire advanced skills in:

  • economic theory
  • quantitative methods
  • data analysis

You'll develop strong foundations in econometrics and mathematical economics. We'll equip you with the tools needed to analyse and solve real-world economic problems.

Our programme covers a wide range of topics. These include microeconomics and macroeconomics. You'll be able to delve into advanced concepts and maximise your expertise.

You'll gain hands-on experience with specialist software packages used in the field. You'll become more proficient in data analysis and interpretation.

By the end of the programme, you'll have a deep understanding of economic theory and quantitative techniques. You'll be able to extract meaningful insights from complex datasets.

Your future

On graduating, you will have acquired a wide range of attributes sought after by employers. This includes:

  • analytical thinking
  • argument formulation
  • critical thinking
  • problem solving
  • data analysis
  • communication
  • independent learning and research

Modules

The module provides students with an understanding of concepts and methods used in data science. Such techniques are rapidly becoming a part of the economist’s toolbox and used in the wider social sciences.

Tuition fees

UK fees
Course fees for UK students

For this course (per year)

£15,600

International fees
Course fees for EU and international students

For this course (per year)

£27,100

Entry requirements

Typically a 2:1 honours degree from a UK university, or international equivalent, in economics or joint honours with a major component of economics. You are expected to have a good standard in mathematics (eg. calculus, matrix algebra, constrained optimisation) and statistics (eg. probability theory, statistical inference, hypothesis testing, simple regressions) achieved at undergraduate level.

University information

Newcastle University is a world-leading university renowned for the quality of its teaching and research. The university is recognised internationally for its contributions to global problem solving in innovative and creative ways. Newcastle University is a prestigious founding member of the Russell Group association of research-intensive universities in the UK. The university enjoys an outstanding reputation as an institution at which...more