MSc in Applied Economics

This course provides high quality training in economics with a focus on applications to real world problems. The course is ideal preparation for a career as a professional economist working on applying economics to policy issues or business situations.  In addition to studying core modules in microeconomics, macroeconomics and econometrics, students can pick from a wide range of field modules.  Students also have the option of completing a two-term specialisation in one of Behavioural Economics, Law and Economics of Competition, Environmental and Energy Economics or Development Economics. In the summer term, students do either a supervised research thesis or an internship.  Students can switch after the first term to our MSc in Quantitative Economics, which focuses on applying advanced mathematical and statistical methods to economics.

This programme features small group teaching from leading economists and a supportive environment.  Masters students are an integral part of our School community, attending research seminars and receiving a wide range of supports to help them prepare for their research thesis or internship. 

UCD School of Economics is Ireland’s leading economics department. Our staff are experts with international reputations in a wide range of topics such as macroeconomics, econometrics, applied microeconomics, behavioural economics, health economics, international trade and economic history. School members play a significant role in debating economic policy issues and in contributing to the formulation of economic policy. Students get to know our staff via participation in small classes and seminars and through direct supervision.

Course content and structure

90 credits taught masters 70 credits taught modules 20 credits dissertation or internship

In your first term, you will undertake a two-week preliminary course in mathematics and statistics.  You will also take the following modules:

  • Microeconomics‌
  • Macroeconomics
  • Econometrics
  • Research Skills

And a choice of one from

  • Behavioural Economics
  • Environmental Economics
  • EU Competition Law
  • Development Economics

In your second term, you take four of the following modules. The following is an indicative list of modules likely to be available:

  • Advanced Microeconomics
  • Advanced Macroeconomics
  • Advanced Econometrics
  • Behavioural Economics: Policy Applications
  • Experiments in Economics
  • Economics of Competition Policy
  • Health and Welfare Economics
  • International Trade
  • Energy Economics and Policy
  • Aviation Economics
  • Development Economics 2

In summer term, you will do either a supervised research thesis or an internship.

Career Opportunities
Many graduates of our masters programmes have gone on to complete PhDs in economics and pursue successful careers as academic or research economists.  Many others have moved directly to employment in central banks, think-tanks, government departments, regulatory agencies, financial sector institutions and consultancy firms.

Entry Requirements

  • A primary degree with at least an upper second class honours or international equivalent in Economics or in a degree in which Economics is a major component.
  • We also consider applicants with at least an upper second class honours in a degree that has strong theoretical and quantitative content such as Maths, Physics, Engineering or Computer Science.
  • An upper second class honours in a Higher Diploma in Economics.
  • Applicants whose first language is not English must also demonstrate English language proficiency of IELTS 6.5 (no band less than 6.0 in each element), or equivalent.

Graduate profile
Anne Haubo Dyhrberg, Economic Consultant at DKM Economic Consultants.

"The Masters in Economics programme at UCD is in my opinion a fantastic programme. One of the key advantages of the programme is the wide variety of courses on offer in the second semester. The selection enables student to explore different topics and disciplines within economics and choose specifically what they find interesting. It also allows them to get a well-rounded view of graduate economics. This is important when applying for jobs, especially in consultancy as you will work on many different projects with clients from all fields."

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