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Different course options

Study mode

Full time


1 year

Start date


Key information

Qualification type

MSc - Master of Science

Subject areas

Applied Economics

Course type


Course Summary

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

The Covid-19 pandemic has caused millions of deaths around the world, but it has also triggered an?economic crisis of enormous magnitude.

Economics is at the heart of many of society’s biggest challenges. How can the world recover from the Coronavirus pandemic? How do governments decide where to spend public money? How can we reduce crime and poverty? 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.
Aimed both at those who have studied economics and want to develop their knowledge in practical application, and those who haven’t and wish to do a conversion course, the content of this course is business-relevant and informed by the very latest research in the field.

You will explore the principles and theories of Macroeconomics, Microeconomics and Econometrics, gaining a detailed understanding of the contemporary knowledge in these areas with a focus on the application to real world problems.

A key feature of our MSc Applied Economics programme is the integration of a finance module which will enable you to develop specialist skills necessary to pursue a career in economics and allied areas.

Through gaining a sophisticated understanding of economics in practice this MSc Applied Economics will give you the chance to expand your career options by combining knowledge gained in your undergraduate programme with a specialised master’s degree.


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.


In this module you will learn about a comprehensive range of research methods and business analytics techniques. This will equip you with the knowledge and practical skills necessary for you to conduct research at Masters? level and prepare you to complete a Master?s Dissertation, Consultancy Project or Management Enquiry. By the end of the module you will know how to apply both quantitative and qualitative data collection and business analysis techniques. In quantitative techniques you will learn about sampling, questionnaire design, statistical inference, and hypothesis testing while qualitative techniques covered will include methods such as interviewing and focus groups. Analysis methods such as content analysis and thematic analysis will also be covered. In addition, you will gain some understanding of research philosophy (positivism and interpretivism) and research ethics and you will be able to write a research proposal to bring these ideas together.

Tuition fees

UK fees
Course fees for UK students

Please refer to the university website for more details on the fee.

International fees
Course fees for EU and international students

Please refer to the university website for more details on the fee.

Entry requirements

Applicants should normally have: A minimum of a 2:2 honours degree in any discipline, or substantial experience of working in a business organisation. It is recommended that your previous studies have included quantitative elements.

University information

Northumbria is an innovative and pioneering university with a mission to ‘Take on Tomorrow’. Through cultivating the next generation of visionaries and innovators, Northumbria empowers students to challenge the status quo and tackle tomorrow’s challenges head on. Northumbria is a research-rich, business-focused university with a keen focus on professional practice and a global reputation for academic excellence. It is also renowned for its...more