MRes Economics (Pathway to PhD)

Duration Full time 2 years
  • Economics
LocationExeter (Streatham)
Start date September


  • Acquire a rigorous foundation in Economics research
  • Up to 10 fully funded Business School scholarships available

This two year programme is ideal for anyone wishing to pursue a PhD in economics or any other related social sciences. The programme is designed to be in line with world class research methods training programmes.

You will acquire a variety of skills, including the research method expertise used at the forefront of current developments in economics and be exposed to topical cutting edge applied research.

This programme will provide you with substantial training which is split into core training in year one and in year two, you will study advanced topics in microeconomic theory (auctions, networks, voting theory), macroeconomic theory (economic growth, fiscal policy, monetary economics), and empirical economics (labour supply, demand for health, intergenerational transmission of human capital, poverty and inequality, lab experiments, field experiments in developed and developing countries).

Programme structure

The two years will comprise of training in Macroeconomics, Microeconomics, Econometrics and field courses.

Students will be required to go through one year (Year 1) of core modules (i.e., microeconomics, macroeconomics and research methods and econometrics) followed by another year (Year 2) of optional field courses. The formal training in Year 1 will be key to ensuring that all economics PhDs are similarly and uniformly trained in core the subjects as well in software and econometric techniques to carry out empirical work.

In Year 2 students will take classes in fields or areas related to their area of research. The purpose of this stage of training is to provide more in depth training in the chosen field of research and to make the student aware of the current state of research in the field. This helps students not only by providing them up to date techniques of research in the field but also to feasible open research questions in the field. Past research has shown that students who are trained in different areas and specifically in quantitative skills in Economics are more likely to successfully complete their doctoral program and do well during placement.

During the programme students will study modules (including the dissertation) totalling 180 credits.

Please note that programme structures may be subject to change.

Year 1

Code Module Credits
BEEM136 Research Methods I 15
BEEM137 Microeconomic Theory I 15
BEEM138 Macroeconomic Theory I 15
BEEM139 Econometric Theory I 15
BEEM140 Microeconomic Theory II 15
BEEM141 Macroeconomic Theory II 15
BEEM142 Econometric Theory II 15
BEEM143 Research Methods II 15

Year 2

Compulsory modules

Code Module Credits
BEEM150 Dissertation 60

Optional modules

Code Module Credits
BEEM144 Topics in Microeconomic Theory I 15
BEEM145 Topics in Macroeconomic Theory I 15
BEEM146 Topics in Empirical Economics I 15
BEEM147 Topics in Microeconomic Theory II 15
BEEM148 Topics in Macroeconomic Theory II 15
BEEM149 Topics in Empirical Economics II 15

The modules we outline here provide examples of what you can expect to learn on this degree course based on recent academic teaching. The precise modules available to you in future years may vary depending on staff availability and research interests, new topics of study, timetabling and student demand.

Learning and teaching

Although the MRes can be studied as a two-year standalone programme, it is a pathway to PhD for the majority of students.

Progression on to the PhD is subject to meeting the eligibility criteria for the PhD. This includes (1) successful completion of the MRes (achieving at least an average of 60% across all modules and at least 65% in the Dissertation) and (2) the identification of a member of academic staff in the University of Exeter Business School who has agreed to supervise your PhD.


Students will be assigned an academic tutor and a pastoral tutor from the first day of their MRes. During the MRes period you will have the opportunity to meet and discuss your research interests with a range of faculty members to help ensure you have the right fit with your supervisor for your PhD. This is designed to expose you to various faculty members within the academic group on a rotation basis and also to provide a more integrated experience where you will have the chance to develop their ideas with junior faculty.


Assessments will be conducted via problem sets, midterm exams, final exams, presentations, and a thesis.


We are very proud of our graduates who have careers across a broad range of sectors and are working all over the world. Example destinations of recent graduates of the School's postgraduate programmes include:

  • Director, Strategic Matters UK
  • Business Analyst, Dresdner Kleinwort
  • Business Consultant, Transition Consulting
  • Account Executive, IMG
  • Financial Business Analyst, Reuters
  • Chartered Financial Analyst, 7city Learning
  • Equity Analyst, Japanese Bank
  • Trainee Fund Manager, Scottish Widows
  • Finance Analyst, The Arcadia Group
  • Business Analyst, Dresdner Kleinwort
  • Assistant Economist, Customs and Excise
  • Economist, Bank of Estonia
  • PhD Statistics, London School of Economics and Political Science
  • Associate Lecturer, Universidad de Castilla, Spain (PhD Economics)
  • Risk Analyst, GE Capita
  • Trainee Accountant, Citibank
  • Investment Analyst, Stamford Associates
  • Account Manager, Renaissance Group, Nicosia
  • Investment Analyst, Capital Finance
  • Senior Executive, PricewaterhouseCoopers, Prague
  • Economist, Civil Service
  • Global Share Dealer, Deloitte
  • Ship Broker, Ssy
  • Banker, Standard and Chartered

Developing your skills and career prospects

The University of Exeter Business School provides a range of support to help you develop skills attractive to employers. Visit our postgraduate Business School careers web pages for more information.

Further information

Further information is available through the Careers pages of the University’s Postgraduate Study website.

Entry requirements

A good 2:1 (65%+) degree with honours in an Economics or related discipline from a recognised university. First Class degrees in Mathematics, Engineering or Physics are also considered. Evidence of mathematical/quantitative ability is required.

We do consider all applications where there is evidence of exceptional performance in modules relevant to the programme of study, significant relevant work experience or professional qualifications.


Applications must include an outline of intended research proposal.

In order to apply for the MRes Economics (Pathway to PhD) the majority of modules at undergraduate level should have been taken in: Economics, Mathematics.

Mathematics modules may include, for example, Algebra, Calculus, Econometrics, Statistics, Probability or Optimisation.

Requirements for international students

If you are an international student, please visit our international equivalency pages to enable you to see if your existing academic qualifications meet our entry requirements.

English language requirements

IELTS (Academic)

Overall score 6.5. No less than 6.0 in any section.


Overall score 90 with minimum scores of 21 for writing, 21 for listening, 22 for reading and 23 for speaking.

Pearson Test of English (Academic)

58 with no less than 55 in all communicative skills.

Other accepted tests

Information about other acceptable tests of linguistic ability can be found on our English language requirements page.

Pre-sessional English

Applicants with lower English language test scores may be able to take pre-sessional English at INTO University of Exeter prior to commencing their programme. See our English language requirements page for more information.

Fees and funding

Tuition fees per year 2020/21

  • UK/EU: £4,800 full-time
  • International: £11,400 full-time

Fee information

Fees can normally be paid by two termly instalments and may be paid online. You will also be required to pay a tuition fee deposit to secure your offer of a place, unless you qualify for exemption. For further information about paying fees see our Student Fees pages.

UK government postgraduate loan scheme

Postgraduate loans of up to £10,609 are now available for Masters degrees. Find out more about eligibility and how to apply.

Global Excellence Scholarship

We are delighted to offer Global Excellence Scholarships for students of outstanding academic quality applying to postgraduate Taught programmes starting in autumn 2020.
Please note that this scholarship isn't offered for all our masters programmes.

Contact us

Postgraduate Admissions queries

For any queries please complete our enquiry form

For questions about the programme:

Phone +44 (0) 1392 726679

For questions about your offer, CAS/Visa, supporting documents or application process:

Phone +44 (0) 1392 723044 (overseas) or 0300 555 6060 (UK)

Apply for 2020 entry

Apply online

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