UCL (University College London)

Course Introduction

Modern economics is an increasingly rigorous discipline and advanced degrees are now essential for careers in international institutions, government and industry. The Economics MSc at UCL will equip the professional economist with the powerful tools required to understand the rapidly changing, complex and uncertain modern world economy. The programme aims to provide all students with a sound and worthwhile education in modern economics and econometrics, developing important transferable skills of problem-definition, analysis and self-motivation. Students will learn to use the formal tools that are necessary to understand and conduct cutting-edge research in both theoretical and applied economics. UCL Economics has an outstanding international reputation in the areas of applied microeconomics, labour economics, development economics, economic theory, experimental economics, econometrics, and macroeconomics.

The department is a global leader in policy-oriented research, with members actively involved in policy design and evaluation. The high quality and policy impact of research undertaken by faculty are reflected in an excellent teaching and research environment for graduate students. Graduates go on to a variety of roles, including those in the civil service (eg, HM Treasury), central banks (eg, Bank of England and European Central Bank), research (eg, Institute of Fiscal Studies), accounting and consultancy (eg, Accenture, PWC, Frontier Economics and Charles River Associates), and financial sector. Many of our students also continue with their studies, entering PhD programmes at world-renowned institutions including UCL, LSE and Oxford.

Duration & Attendance Qualification Tuition fees Fee type
1 year
Full Time
MSc £20,570 Home Fees
1 year
Full Time
MSc £20,570 European Fees
1 year
Full Time
MSc £26,660 Overseas Fees

Qualifications required:

  • Domestic entry requirements: Students need to have a minimum of an upper second-class Bachelor's degree in Economics with a significant quantitative component from a UK university, or an overseas qualification of an equivalent standard. Applicants with a qualification of an equivalent standard in another quantitative discipline, such as statistics, mathematics, engineering or physics, may also be considered. Applicants whose studies for their undergraduate degree have been undertaken wholly or mainly at a university located outside the UK must supply GRE General Test scores. The quantitative GRE score must be 161 or above (post-August 2011 scores).
  • International entry requirements: Students need to have: IELTS overall grade of 7.0 with a minimum of 6.5 in each of the subtests; overall score of 100 with 24/30 in reading and writing and 20/30 in speaking and listening in Test of English as Foreign Language (TOEFL) iBT; overall score of 185 with 176 in all subtests in Cambridge Certificate of Proficiency in English; overall score of 185 with 176 in all subtests in Cambridge Certificate of Advanced English; pass at Mastery level when achieved with a pass at Mastery level in the Pitman International Spoken test (ISESOL) in City & Guilds (Pitman Examination in International ESOL); 69 overall, with a minimum of 59 in each Communicative Skill in Pearson Test of English (Academic); successful completion of ISE III with a ?merit? in all components; overall mark of 70%, with at least 65% in each of the four subtests in UCL Diploma in English for Academic Purposes; overall mark of 70% with at least 65% in each of the four elements of the examination in UCL International Pre-Master's Courses; mark of 70%, with at least 65% in each of the subtests in UCL Pre-sessional English Courses.
  • IELTS score: 7
  • TOEFL score: 100