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MSc in Applied Economics

MSc in Applied Economics

Applications for the 2023/24 intake open on 1st October 2022 and will close on 31st of August 2023.  For information on fees and how to apply, please click here.

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 and Trade. 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.

  • For scholarships/fee waivers please check here.

Course content and structure

90 credits taught masters 60 credits taught modules 30 credits dissertation or internship

In the two weeks before the start of your first trimester, you will undertake an online preliminary course in mathematics and statistics. You will also take additional modules as below:

Core modules

  • Microeconomics (ECON41840)– 5 credits
  • Macroeconomics (ECON42550) – 5 credits
  • Econometrics (ECON41820) – 5 credits
  • Foundational Maths and Stats (ECON42620) – 5 credits
  • Research & Career Skills I (ECON42020) – 5 credits

Choice of one from

  • Behavioural Economics (ECON42560) – 5 credits
  • Development Economics (ECON42600) - 5 credits
  • Environmental Economics (ENVP40230) – 5 credits
  • European Competition Law (LAW40360) – 10 credits

In your second trimester, you take: 

Core module

  • Research & Career Skills II (ECON41660) – 10 credits

Students that have taken LAW40360 in trimester 1 must register for ECON42300, Research and Professional Development (a 5 credit module) instead of ECON41660.

Choice of four from the following 5 credit modules:

  • Advanced Macroeconomics (ECON41620)
  • Advanced Microeconomics (ECON41810)
  • Advanced Econometrics: Micro (ECON42700)
  • Advanced Econometrics: Time Series (ECON42710)
  • International Trade (ECON42140)
  • Aviation Economics (ECON42610)
  • Health and Welfare Economics (ECON42190)
  • Energy Economics and Policy (ECON42360)
  • Economics of Competition Policy (ECON42580)
  • Behavioural Economics: Policy Applications (ECON42570)
  • Decision Theory (ECON42630)

In your third trimester (Summer term), you will do either a supervised research thesis (ECON40090) or a 12 week internship (ECON42200) - 30 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.
  • An upper second class honours in a Higher Diploma in Economics or in the MSc Qualifier.
  • 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

Dhruv Mulchandani

The MSc in Applied Economics at University College Dublin uniquely provides a comprehensive view while critically focussing on areas of economics. The economics department at UCD is an internationally recognised centre of brilliance. The MSc offers a wide range of courses than many other MScs I considered. Studying microeconomics and macroeconomics at an advanced level provided me with a holistic understanding of international organizations and allowed for an in-depth analysis of their economic and financial activities. Moreover, studying econometrics gave me the background I needed for my future role as an Analyst. There were many intriguing option modules available for students which ensured that each student could focus on their specific areas of interest. Lastly, the added benefit of being able to choose to pursue an internship or a dissertation for the third semester was an appealing factor. The faculty at UCD are extremely supportive and experienced. The atmosphere is charged with diverse perspectives and nationalities. Having completed this programme, I have been able to use my theoretical knowledge and implement it in the real world. I am currently working in the Decision Science department for one of the leading banks in Ireland. Altogether, I would recommend this course to anyone interested in expanding their knowledge in the field of economics.

MSc in Applied Economics   Applications for 2023/24 will open here on 1st of October 2022.    

Programme Coordinator Dr Stefanie Haller

Contact UCD School of Economics

Newman Building (Room D201) University College Dublin Belfield, Dublin 4, Ireland
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