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||60 credits taught modules||30 credits dissertation|
In your first trimester, you will undertake a two-week preliminary course in mathematics and statistics. You will also take additional modules as below:
- Microeconomics (ECON41840)– 5 credits
- Macroeconomics (ECON42550) – 5 credits
- Econometrics (ECON41820) – 5 credits
- Preliminary Maths and Stats (ECON42620) – 5 credits
- Research & Career Skills I (ECON42020) – 5 credits
And a choice of one from
- Behavioural Economics (ECON42560) – 5 credits
- Environmental Economics (ENVP40100) – 10 credits
- European Competition Law (LAW40360) – 10 credits
- Data Programming with R (STAT40620) – 5 credits
- Development Economics (ECON42600) – 5 credits
In your second trimester, you take the following modules:
- Advanced Macroeconomics (ECON41620) – 5 credits
- Advanced Microeconomics (ECON41810) – 5 credits
- Advanced Econometrics (ECON41850) – 5 credits
- Research & Career Skills II (ECON41660) – 10 credits
Students that have taken LAW40360 or ENVP40100 in semester 1 must register for ECON42300, Research and Professional Development (a 5 credit module) instead of ECON41660.
You will also take an additional module from the list of 5 credit modules below:
- 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)
- Bayesian Analysis (STAT20180)
- Nonparametric Statistics (STAT40080)
In your third trimester (Summer term), you will do a supervised research thesis (ECON40090) - 30 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.
- 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.
The MSc Quantitative Economics programme at UCD is an outstanding course for anyone who is looking to further develop their skills and expand their knowledge of economics. The core modules in Microeconomics, Macroeconomics and Econometrics helped improve my understanding of these topics while maintaining my desire to learn more. There were many intriguing option modules available for students which ensured that each student could focus on their specific areas of interest. The weekly seminars held by professional economists and other published academics provided concrete examples of how our module contents could be utilised in the workforce. For MSc Quantitative Economics students, the summer term consists of a supervised thesis. Each student is provided a thesis advisor which allows for more direct guidance and insight. Whether empirical or theoretical, all modules provide the tools necessary to undertake this thesis. I found this course to be very insightful and since completing the course, I have been able to effectively utilise the knowledge I learned. I am currently working in the Internal Audit department for one of the world’s largest automotive parts manufacturing companies. I chose to come to UCD because it is Ireland’s leading school of economics, and I definitely got the most out of my experience. With this in mind, I think this is an excellent course for anyone interested in economics.
Applications open for the programme on 1st of October 2020 and will close at the end of August 2021. (Apply here).
For Scholarship details see
Programme Coordinator Dr Stefanie Haller