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 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

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

In your second term, you take the following core modules

  • Advanced Microeconomics
  • Advanced Macroeconomics
  • Advanced Econometrics

You will also take an additional module. The following is an indicative list of modules likely to be available:

  • 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

Alternatively, students can take an advanced module from the School of Mathematics and Statistics.

In the summer term, you will do a supervised research thesis.

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

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.

Philip Carthy

MSc in Quantitative Economics‌    Apply here