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Study information

Programme Specification for the 2023/4 academic year

MSc Economics

1. Programme Details

Programme nameMSc Economics Programme codePTS1SBESBE05
Study mode(s)Full Time
Academic year2023/4
Campus(es)Streatham (Exeter)
NQF Level of the Final Award7 (Masters)

2. Description of the Programme

The MSc Economics is the most general of our postgraduate economics programmes and offers the greatest flexibility.  It gives you the opportunity to acquire professional training in mainstream economies, including analytical techniques as well as subject-specific knowledge.  The programme aims to provide you with a rigorous training in the techniques of economic and econometric analysis, as an aide to understanding contemporary economic issues.

Like all postgraduate economics programmes in the School, our MSc Economics is accredited by the Economic and Social Research Council (ESRC).  For UK and EU students, this means you can apply to the ESRC for funding assistance with both tuition fees and living expenses if you are intending to progress to a PhD.

3. Educational Aims of the Programme

1. To provide an education for students intended to give students competence in their chosen discipline and to encourage them to develop their intellectual capabilities within an institution that is committed to the advancement of research, scholarship and learning, and to the dissemination of knowledge.
2. To equip students with a range of methodological skills and appropriate specialised knowledge.
3. To provide a rigorous training, in a supportive environment, in the techniques of economic and econometric analysis, as an aide to understanding contemporary economic issues.
4. To inform this education by research, and national and international economic development, where appropriate.
5. To provide training in subject-specific skills, preparing students for employment or further study.
6. To provide a training in economics with a range of optional modules.

4. Programme Structure

5. Programme Modules

The following tables describe the programme and constituent modules. Constituent modules may be updated, deleted or replaced as a consequence of the annual programme review of this programme.

http://business-school.exeter.ac.uk/programmes/postgraduate/economics/msc_e/programmestructure/

Your MSc Economic programme is a 1 year programme of study at National Qualification Framework (NQF) level 7 (as confirmed against the FHEQ). The programme is divided into units of study called ‘modules’ which are assigned a number of ‘credits’. The credit rating of a module is proportional to the total workload, with 1 credit being nominally equivalent to 10 hours of work. 

This programme is available for study 12 months full-time over three terms and is University-based throughout this time. The taught components of the programme are delivered in the first two terms, leaving the third term and most of the summer to research, write and submit your dissertation. The programme in its entirety runs from October to September.

During the programme you will study modules (including the dissertation) totalling 180 credits. Please note that all options are available timetable permitting and may change.

Please note that programme structures may be subject to change.

Stage 1


Compulsory Modules

CodeModule Credits Non-condonable?
BEEM100 Macroeconomics 15No
BEEM101 Microeconomics 15No
BEEM103 Optimisation Techniques for Economists 15No
BEEM015 Industrial Economics and Strategy 15No
BEEM011 Applied Econometrics 1 15No
BEEM012 Applied Econometrics 2 15No
BEEM115 Research Design and Dissertation OR60No
BEEM158 Behavioural Economics Project 60No

Optional Modules

You will choose two options totalling 30 credits from a regularly updated selection.

 

Please note that BEEM152 and BEEM160 are not available for students starting their degree in January.

CodeModule Credits Non-condonable?
BEAM029 Topics in Financial Economics 15No
BEAM033 Banking and Financial Services 15No
BEAM036 Domestic and International Portfolio Management 15No
BEEM125 Experimental and Behavioural Economics 15No
BEEM117 Economics of Corporate Finance 15No
BEAM047 Fundamentals of Financial Management 15No
BEAM065 Bank Management 15No
BEEM152 Behavioural Development Economics 15No
BEEM160 Development Research Methods: Surveys and Experiments 15No
BEEM154 Economics of Public Finance 15No
BEEM157 Behavioural Finance 15No
BEEM155 Development Economics 15No
BEEM162 Environmental Economics and Sustainability 15No

6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods

Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:
Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):...and evidenced by the following assessment methods:

1. the ability to apply advanced economic concepts to real-world situations
2. the ability to formulate, test and evaluate a wide variety of microeconomic, macroeconomic and econometric models

Lectures, meetings with advisor, and oral and written feedback from advisor and participants of the presentation 

ILOs 1-2: 

• Presentation 

• Dissertation proposal 

• Dissertation

Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:
Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):...and evidenced by the following assessment methods:

3. construct a viable and original research dissertation proposal, within the context of existing literature.
4. assemble and synthesise a complex body of relevant, existing research.
5. utilise appropriate analytical or statistical techniques to reach an answer to a previously defined research question.
6. the ability to synthesise data from a range of sources
7. expertise across a wide range of research methods and statistical techniques, such that they are equipped to carry out good quality empirical research.
8. the ability to analyse and evaluate quantitative problems
9. the ability to use a number of statistical and econometric packages

Lectures, meetings with advisor, and oral and written feedback from advisor and participants of the presentation

ILOs 3-9: 

• Presentation 

• Dissertation proposal 

• Dissertation 

Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:
Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):...and evidenced by the following assessment methods:

10. GLOBALLY ENGAGED: Able to recognise diverse individual and cultural perspectives, in order to communicate on interconnected world issues and sustainable decisions
11. CRITICAL THINKER: Able to proactively analyse and evaluate information from a variety of sources to draw independent and well-founded conclusions
12. PROACTIVE COLLABORATOR: Able to actively build strong working relationships with others to have positive outcomes.
13. INNOVATIVE PROBLEM-SOLVER: Able to confidently explore challenges from different perspectives, to creatively offer practical and timely solutions.
14. DIGITALLY FLUENT: Able to embrace a variety of digital technologies to critically source, process and communicate information.
15. CONFIDENT COMMUNICATOR: Able to adapt and adjust both written and verbal communication styles, to meet the needs of diverse audiences.
16. RESILIENT SELF-ADVOCATE: Able to develop self-awareness through a commitment to learning from experiences and taking responsibility for personal growth.

10. GLOBALLY ENGAGED

      BEEM101 Microeconomics’ basic theory is applicable in every country, the examples used in this module can be applied in any firm.

      BEEM103 Optimization Techniques for Economists module is built upon microeconomics which is relevant across countries as it is based on mathematical models.

     

     BEEM 115 Research Design and Dissertation utilizes the analytical skills developed and employed in this module will be applicable across institutions and countries and are multi-national in nature.

11. CRITICAL THINKER           

      BEEM100 Macroeconomics requires students to possess the ability to formulate and manipulate economic models, to place an economic problem in its broader social and political context, and develop as a logical thinker and analytical rigor, and inductive and deductive reasoning skills.

      BEEM101 In Microeconomics students are required to apply economic reasoning to decision problems, critically discuss the adequacy of the models, and engage in deductive and inductive reasoning.

     

      BEEM103 Optimization Techniques for Economists equips students with logical thinking, numeracy and writing skills, as well as an understanding and theoretical knowledge of economic issues.

      BEEM115 Research Design and Dissertation allows students to demonstrate their ability at identifying and analysing an economic problem using the techniques of economic and/or econometric analysis. They will acquire knowledge of the existing literature, identify the key economic trade-offs, acquire necessary tools to analyse these trade-offs, and analyse the economic problem.

12. PROACTIVE COLLABORATOR

      Technical modules such as BEEM100 Macroeconomics, BEEM101 Microeconomics, BEEM011 Applied Econometrics I and BEEM103 encourage students to solve and tackle their formative assessments collaboratively in order to learn from each other and solve problems together.

      BEEM115 Research Design and Dissertation requires students to work collaboratively and manage a working relationship with their supervisor in order to advance their independent research.

13. INNOVATIVE PROBLEM-SOLVER

      BEEM101 Microeconomics requires students to engage in abstract thinking, extracting essential features of complex systems to facilitate problem solving and decision-making; and engage in deductive and inductive reasoning to enhance problem solving and decision-making skills.

BEEM011 Applied Econometrics I requires students to solve analytical problems and provide appropriate interpretation of the outcomes for decision making. 

      BEEM100 Macroeconomics requires students to possess the ability to develop confidence in identifying, tackling and solving research problems, develop logical thinking and analytical rigor.

      BEEM103 Optimization Techniques for Economists module requires students to acquire inductive and deductive reasoning skills to solve problems.

 

 

14. DIGITALLY FLUENT

      BEEM011 Applied Econometrics I requires students to acquire and exhibit technical expertise to analyse the data in R using different econometric packages.

      BEEM115 Research Design and Dissertation requires students to use digital databases in order to carry out their research. Depending on the dissertation, most would require the use of statistical softwares.

      All core modules require students to present their work digitally (e.g. using word processors and/or LaTeX) as well as accessing digital materials..

15. CONFIDENT COMMUNICATOR

      BEEM101 Microeconomics requires students to communicate and present complex arguments in oral and written form with clarity and succinctness.

      BEEM115 Research Design and Dissertation requires students to assemble, synthesise and communicate a complex body of existing relevant research

      BEEM103 Optimization Techniques for Economists module requires students to present written and quantitative data effectively

 

 

16. RESILIENT SELF-ADVOCATE

      BEEM103 Optimisation Techniques for Economists requires students to demonstrate independent learning and time management

      BEEM115 Research Design and Dissertation requires students to pursue, under supervision, a sustained program of individual work outside of a classroom setting; and to complete, as an individual, a multistage task within a defined period, as assisted by the supervision process

ILOs 10-16 are assessed via a combination of methods including examinations, proposals and dissertations, and written coursework.

7. Programme Regulations

Classification

Full details of assessment regulations for all taught programmes can be found in the TQA Manual, specifically in the Credit and Qualifications Framework, and the Assessment, Progression and Awarding: Taught Programmes Handbook. Additional information, including Generic Marking Criteria, can be found in the Learning and Teaching Support Handbook.

8. College Support for Students and Students' Learning

Personal and Academic tutoring:  It is University policy that all Colleges should have in place a system of academic and personal tutors.  The role of academic tutors is to support you on individual modules; the role of personal tutors is to provide you with advice and support for the duration of the programme and extends to providing you with details of how to obtain support and guidance on personal difficulties such as accommodation, financial difficulties and sickness.  You can also make an appointment to see individual teaching staff.

Student/Staff Liaison Committee enables students & staff to jointly participate in the management and review of the teaching and learning provision.

The Postgraduate Student Handbook can accessed via ELE at the following address: http://vle.exeter.ac.uk/course/view.php?id=1645

9. University Support for Students and Students' Learning

Please refer to the University Academic Policy and Standards guidelines regarding support for students and students' learning.

10. Admissions Criteria

Undergraduate applicants must satisfy the Undergraduate Admissions Policy of the University of Exeter.

Postgraduate applicants must satisfy the Postgraduate Admissions Policy of the University of Exeter.

Specific requirements required to enrol on this programme are available at the respective Undergraduate or Postgraduate Study Site webpages.

11. Regulation of Assessment and Academic Standards

Each academic programme in the University is subject to an agreed College assessment and marking strategy, underpinned by institution-wide assessment procedures.

The security of assessment and academic standards is further supported through the appointment of External Examiners for each programme. External Examiners have access to draft papers, course work and examination scripts. They are required to attend the Board of Examiners and to provide an annual report. Annual External Examiner reports are monitored at both College and University level. Their responsibilities are described in the University's code of practice. See the University's TQA Manual for details.

(Quality Review Framework.

14. Awarding Institution

University of Exeter

15. Lead College / Teaching Institution

University of Exeter Business School (UEBS)

16. Partner College / Institution

Partner College(s)

Not applicable to this programme

Partner Institution

Not applicable to this programme.

17. Programme Accredited / Validated by

0

18. Final Award

MSc Economics

19. UCAS Code

C510

20. NQF Level of Final Award

7 (Masters)

21. Credit

CATS credits

180

ECTS credits

90

22. QAA Subject Benchmarking Group

23. Dates

Origin Date

01/08/2012

Date of last revision

16/05/2022