MSc in Quantitative Economics

This course provides high quality quantitative training in economics, a focus on advanced research methods and a supervised research thesis. Students get a rigorous grounding in using mathematical and statistical methods to derive, test and apply formal economic models.   In addition to core modules in microeconomics, macroeconomics and econometrics, students have the option of completing a two-term specialisation in either Statistics or one of Behavioural Economics, Law and Economics of Competition, Environmental and Energy Economics or Development Economics.

The course prepares students for PhD-level study in economics or obtaining employment as a professional economist in jobs requiring the application of analytical methods to economic problems. Students have the ability to switch after first term to our MSc in Applied Economics, which includes the option of a summer internship.

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 the research thesis element of their degree. 

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

In your first semester, you will undertake a two-week preliminary course in mathematics and statistics.  You will also take additional modules as below:

Core modules

  • Microeconomics (ECON42010)– 7.5 credits
  • Macroeconomics (ECON41990) – 7.5 credits
  • Econometrics (ECON42000) – 7.5 credits
  • Preliminary Maths and Stats (ECON42420) – 2.5 credits
  • Research Skills (ECON42490) – 2.5 credits

And a choice of one from

  • Data Programming with R (STAT40180) – 7.5 credits
  • Behavioural Economics (ECON42260) – 7.5 credits
  • Environmental Economics (ENVP40150) – 7.5 credits
  • Introduction to Development Economics (ECON42530) – 7.5 credits
  • European Competition Law (LAW40360) – 10 credits

In your second semester, you take the following modules:

Core

  • Advanced Macroeconomics (ECON42240) –7.5 credits
  • Advanced Microeconomics (ECON42250) –7.5 credits
  • Advanced Econometrics (ECON42230) –7.5 credits
  • Research and Professional Development (ECON42300) – 5 credits
    - Please note that students that have taken LAW40360 in semester 1 must register for ECON42330, Professional Development (a 2.5 credit module) instead of ECON42300. 

You will also take an additional module from the list of 7.5 credit modules below:

  • International Trade (ECON42290)
  • Development Economics (ECON42500)
  • Aviation Economics (ECON42180)
  • Health and Welfare Economics (ECON42350)
  • Energy Economics and Policy (ECON42270)
  • Economics of Competition and Regulatory Policy (ECON42410)
  • Bayesian Analysis (STAT40390) 
  • Non Parametric Statistics (STAT40330) 
  • Behavioural Economics: Policy Applications (ECON42390) 
  • Applied Policy Analysis Modelling (AERD40160)
  • Decision Theory (ECON42540)

In your third semester (Summer term), you will do a supervised research thesis (ECON42520) - 20 credits.

Part-time schedule details

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

Scott Hamilton

The MSc in Quantitative Economics at UCD is a fantastic choice for anyone looking to advance their knowledge of economics. Core modules in Microeconomics, Macroeconomics and Econometrics allowed me to develop a solid grounding in the subject, whilst a range of optional modules allow me to hone in on my interests. Weekly seminars kept me in touch with the research frontier, presenting an opportunity to interact with contemporary ideas in the field. By the end of the second semester, I possesed a sound understanding of the fundamental technologies of economic research, whether that be applied or theoretical. The summer term sees each student apply this understanding to a research project under the guidance of a staff member. I found this a profoundly positive experience, allowing me to gather a deeper understanding of what the work of a research economist entails and put the education of the previous nine months into practice, with the invaluable support of UCD’s fantastic academic staff. I am currently working as a data engineer at Fidelity Investments. Taken together, I could not recommend this course more.

MSc in Quantitative Economics    Apply here

Programme Coordinator Dr Orla Doyle