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 the following 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:
- Advanced Macroeconomics (ECON42240) –7.5 credits
- Advanced Microeconomics (ECON42250) –7.5 credits
- Advanced Econometrics –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)
In your third semester (Summer term), you will do a supervised research thesis (ECON42520) - 20 credits.
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.
- 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.
Philip Carthy, Research Assistant, Economic and Social Research Institute
The MSc. in Quantitative Economics presentsan excellent choice to those who wish to pursue economics at graduate level. The first and second semester modules provide students with an excellent grounding on which they can begin to develop their own research ideas. Students are kept up to date with contemporary research developments through the school’s seminars. In the summer term, the researchcomponent offers an opportunity to put all that you have learned into practice as well as gain an understanding of the type of workthat economic research really entails, all under the guidance of a staff member. The School’s learning environment is supportive and my experience of the programme has been extremely positive. I would not hesitate in recommending it. Indeed, the skills I have gainedin the programme have proven invaluable in my current position.
Programme Coordinator Dr Orla Doyle