Economics

Postgraduate study 2015

A L I F E - C H A N G I N G E X P E R I E N C E

At the University of Surrey, you will discover a School of Economics that enjoys a leading reputation for research and teaching, built upon a commitment to theoretical and rigorously founded applied work.

One of the top Economics schools in the UK, we provide programmes that offer you a fundamental education in the skills necessary for using economics in your future career or in undertaking PhD research. They also allow opportunities for you to specialise in all aspects of the discipline, according to your own particular interests or career aspirations.

Our MSc programmes train you in the application of economic methods to the analysis of real-world issues. Graduates have gone on to follow economics careers in areas relevant to their specialisation, such as the energy industry, multinational enterprises, financial institutions and development agencies, as well as in government departments.

The School of Economics is home to two formal research centres – the Centre for International Macroeconomic Studies (CIMS) and the Surrey Energy Economics Centre (SEEC) – and four informal research groups: the Applied Microeconomics Group, the Economic Theory group, the Econometrics group and the Health Research Group.

Many academics within the School are economic advisers to such world-renowned organisations as the International Monetary Fund, the European Central Bank, the Bank of England and HM Treasury. This experience feeds into all our programmes, ensuring you enjoy real industry experience in your studies.

As a postgraduate student you will be an integral part of the School. We pride ourselves on the levels of supervision we provide, creating a warm and friendly environment in which to study economics.

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We understand that there’s a lot to think about if you’re considering further study, so the table below brings together the key information about all our postgraduate Masters programmes. Our comprehensive postgraduate portfolio offers a wide range of options to choose from.

Our postgraduate programmes

Programme Leader or Director

IELTS min. overall 1

IELTS min. by component 1

Programme length

FT UK/EU fees (2015)

FT Overseas fees (2015)

Entry Requirements

EconomicsMSc Business Economics and Finance Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Economics Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Economics for Public Policy Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Energy Economics and Policy Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Health Economics (2) Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc International Economics, Finance and Development Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

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Specific table notes1 If your first language is not English, you

will need to achieve a minimum IELTS requirement, or an equivalent, which varies by programme. You must achieve both our minimum overall band score and our minimum for each component.

2 This programme is offered subject to successful University validation.

Please read the disclaimer on the back page.

Key

PT Part-time

FT Full-time

DL Distance learning

R IELTS reading component

W IELTS writing component

S IELTS speaking component

L IELTS listening component

Programme Leader or Director

IELTS min. overall 1

IELTS min. by component 1

Programme length

FT UK/EU fees (2015)

FT Overseas fees (2015)

Entry Requirements

EconomicsMSc Business Economics and Finance Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Economics Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Economics for Public Policy Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Energy Economics and Policy Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc Health Economics (2) Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

MSc International Economics, Finance and Development Rob Witt 6.5 6.0 FT 12 mths, PT 24 mths £7,000 £15,300 2:1 Honours Degree

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Programme overviewAs with all our Economics programmes, our Business Economics and Finance MSc will give you a thorough education in the microeconomics, macroeconomics and econometrics. This programme combines that understanding with two particular specialty areas.

Firstly, modules in the Economics of the Firm and Human Resource Economics are concerned with the importance of business issues in the study of economics and modern developments in personnel economics. The second area of specialisation focuses on the theory of finance and financial econometrics. The former will give you a thorough grounding in modern finance theory, while the latter is directed towards the principal econometric techniques that have been applied to financial data.

This programme provides you with knowledge and skills that are of immediate value in the job market, whilst also providing an excellent base from which to undertake further research.

Research skills are honed as part of the programme and you will have the opportunity to use these skills to carry out a dissertation under individual supervision by an academic within the School of Economics.

Business Economics and Finance MSc

This programme combines an advanced understanding of core economic principles with a focus on their application in the context of business and corporate finance.

Programme structure

The programme consists of eight compulsory modules, a module in research methods and a dissertation. You will also study an initial week of Quantitative Methods Induction.

Compulsory modules

• Microeconomics• Macroeconomics• Econometrics I• Economics of the Firm• Econometrics II• Theory of Finance• Financial Econometrics• Human Resource Economics

Apply now

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ECONOMICS

Programme overviewThis programme will provide you with a thorough training in the core areas of microeconomics, macroeconomics and econometrics. At Surrey, we produce MSc graduates who are not only well-trained technically in these areas, but also possess the ability to bring their analytical strengths to bear on applied issues.

Our MSc in Economics includes training in research methodology, which will help you to develop the skills needed to undertake independent research in economics. The dissertation provides the opportunity to use these skills under individual supervision by an academic.

The range of elective modules allows you to tailor your education according to your own particular interests or career aspirations. Including topics as varied as energy economics, financial theory, and the economics of human resources, these modules encapsulate the broad range of academic expertise within the School.

Economics MSc

This programme combines an advanced understanding of core economic principles with a focus on their practical application – all within one of the UK’s top economics schools.

Programme structure

The programme consists of six compulsory modules, two elective modules, a module in research methods, and a dissertation. You will also study an initial week of Quantitative Methods Induction.

Compulsory modules

• Microeconomics• Macroeconomics• Econometrics I• Econometrics II• Advanced Microeconomics• Advanced Macroeconomics

Elective modules

• Mathematical Techniques• Energy Economics and Technology• Economics of the Firm• International Trade Theory• International Finance and Developing

Economies• Energy Regulation and Policy• Theory of Finance• Empirical Methods in Energy

Economics• Financial Econometrics• Economics of International Oil and Gas• Human Resource Economics• Topics in Development Economics

Apply now

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Programme overviewEconomics has much to contribute to the analysis of public policy. Economic theory and applied work offers important insights across a number of diverse fields, from the traditional study of public spending and regulation to areas such as fertility decisions and obesity.

The School of Economics aims to influence public policy through research and teaching, a desire reflected in the expertise of our academic staff. Energy economics, health economics and the economics of education, for example, play a vital role in public policy and are areas in which we have particular specialisms within the School.

All students on our Economics programmes graduate with a strong understanding of macroeconomics, microeconomics and econometrics; this programme combines those elements with detailed, specialist knowledge on public policy.

You will gain an understanding of how microeconomic analysis can help us to understand diverse issues such as public goods, regulation, family formation and health outcomes, and develop an ability to select appropriate techniques to evaluate policy interventions.

Graduates of this programme will be well-prepared for a range of careers in areas such as government departments and public agencies. It is also valuable to those interested in postgraduate research or a career as a professional economist.

Economics for Public Policy MSc*

This programme will provide you with an appreciation of economics, both as an intellectual discipline and as an important contributor to an understanding of the ways in which public policy is formulated and evaluated.

Programme structure

The programme consists of eight compulsory modules, a module in research methods and a dissertation. You will also study an initial week of Quantitative Methods Induction.

Compulsory modules

• Microeconomics• Macroeconomics• Econometrics I• Applied Policy Analysis• Econometrics II• Energy Regulation and Policy • Microeconomic Theory of the Public

Sector• Policy Evaluation: Techniques and

Application

*Subject to validation

Apply now

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University of Surrey

STAFF PROFILE

P R O F E S S O R G R A H A M C O O K S O NP R O F E S S O R O F E C O N O M I C & P U B L I C P O L I C Y

Surrey felt like a place that would do its best to help me succeed. The opportunity to work with world leading experts in health care management, and to access data and resources previously unavailable, was also very attractive.– Professor Graham Cookson

Prior to joining Surrey, Professor Cookson spent seven years in the Department of Management at King’s College London.

He read Philosophy, Politics and Economics at Somerville College, Oxford and has an MSc and PhD in Econometrics from Imperial College London, and a Pg CAP from King’s College London. An applied econometrician by training, Professor Cookson’s interests lie primarily in the economic analysis of public services and public policy, especially within health care.

Professor Cookson is a Fellow of the Royal Statistical Society where he is a Committee Member of the Official Statistics Section, and a member of the Royal Economic Society. He is an Expert Panel Member at the Ministry of Justice.

In 2013 he was awarded a £1 million Leverhulme Trust Research Leadership Award to study the measurement and determinants of productivity and performance of public sector organisations.

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Energy Economics and Policy MSc

Accredited by the Energy Institute, this programme draws on our longstanding expertise in the field of energy economics. It also benefits from the presence of the Surrey Energy Economics Centre, in the School of Economics.

Programme overviewOn our MSc in Energy Economics and Policy, you will gain a thorough understanding of microeconomics, macroeconomics and econometrics. Building on these foundations, the programme will focus on economic and policy issues affecting the energy industry around the world.

This programme provides you with a solid grounding in the economics of international oil and gas, natural resource and environmental economics, the general principles of regulation and energy modelling.

The programme will also provide you with guidance on appropriate research methodology and help you to develop the skills required to undertake independent research in energy economics. The dissertation provides the opportunity to use these skills under individual supervision by an academic from the School of Economics.

Those wishing to work in policy-making in the energy area, both in developed and developing countries, will find this programme particularly relevant.

Programme structure

The programme consists of eight compulsory modules, a module in research methods and a dissertation. You will also study an initial week of Quantitative Methods Induction.

Compulsory modules

• Microeconomics• Macroeconomics• Econometrics I• Energy Economics and Technology• Econometrics II• Energy Regulation and Policy• Empirical Methods in Energy

Economics• Economics of International Oil and Gas

Professional recognition

In 2013, the MSc Energy Economics and Policy was reaccredited for a further five years by the Energy Institute.

Apply now

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ECONOMICS

Programme overviewAs well as providing a thorough understanding of microeconomics, macroeconomics and econometrics, this programme focuses on two specific areas.

Firstly, the programme examines the relationship between international trade and international business. It explores the operations of transnational companies, international investment and the international transfer of technology.

Secondly, you will learn about international financial issues from the perspective of developing and emerging economies. This will involve examining not only stabilisation, adjustment and economic liberalisation, but also the principal sources of external finance for developing countries.

The programme will also provide you with training in research methodology and help you to develop the skills required to undertake independent research. The dissertation provides the opportunity to use these skills under individual supervision by an academic from within the School of Economics.

International Economics, Finance & Development MSc

This programme combines an advanced understanding of core economic principles with a focus on international finance and developing economies.

Programme structure

The programme consists of eight compulsory modules, a module in research methods and a dissertation. You will also study an initial week of Quantitative Methods Induction.

Compulsory modules

• Microeconomics• Macroeconomics• Econometrics I• International Trade Theory• Econometrics II• Theory of Finance• Topics in Development Economics• International Finance and Developing

Economies

Apply now

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Programme overviewOur Health Economics programme is designed to meet the increasing demand for professionals in this field. It introduces you to the ways in which microeconomic and econometric principles and concepts can be applied to the analysis of decisions by consumers, firms and governments regarding health and health care.

You will develop an appreciation of health economics, both as an intellectual discipline and as a way of making decisions about health policy and resource distribution. You will also gain an understanding of the techniques that have been used in contemporary economic research generally and in health research and epidemiology specifically.

Building upon this, the programme will help you develop an advanced understanding of the core principles in microeconomics, quantitative methods and econometrics, and how these influence optimal health care expenditure.

Health Economics MSc

The demand for specialists in health economics continues to rise, as longer lifespans and an aging population combine with enhanced technology to raise the demand for healthcare.

The programme will also teach you how to apply techniques used in professional health evaluation to determine the appropriate mix of health interventions, as well as the appropriate analytical techniques and research methodologies that can be used in the exploration of health care decisions.

Graduates of this programme would be well suited to careers as health economists in central government and NHS trusts, as well as analysts in pharmaceutical firms and professional health economists. You will also be well placed to pursue further postgraduate research, or any career in which independent analysis and effective communication are valued.

Apply now

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Programme structure

The programme comprises six compulsory modules, two elective modules and a dissertation. Where possible, this will be an applied dissertation, which gives you a period of time in an industrial context to carry out research and analysis for your thesis. You will also study an initial week of Quantitative Methods Induction.

Compulsory modules

• Microeconomics• Econometrics I• Microeconomics of Health• Health Services Research, Epidemiology

and Public Health• Economic Evaluation in Health Care• Advanced Topics in Health Economics

Elective modules

• Policy Evaluation Techniques and Applications

• Microeconomics of the Public Sector• Human Resource Economics• Workshop on Advanced Economic

Evaluation in Health• Econometrics II• Using Health Data to Measure Quality

and Health Outcomes• Health Operational Research and

Capacity Planning

University of Surrey

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Your application

To apply for a postgraduate Masters programme at Surrey, you’ll need to complete and submit our online application form, which you can access via the specific programme pages on our website:

surrey.ac.uk

While there’s no formal application deadline for the majority of our programmes, it’s best to apply as early as possible to avoid disappointment. Where a programme does have an application deadline, the date is detailed on its webpage.

Shortly after you apply, you’ll receive an email with details of how to access the applicant portal where you can track the status and outcome of your application.

Admissions policy and selectionThe University of Surrey offers an inspiring, enterprising environment to help students succeed. It is University policy that all applicants are considered primarily on merit and their academic potential. We welcome applications from students who, in addition to any formal qualifications, can demonstrate:

» Intellectual ability (in order to benefit from the vigorous demands of a Surrey degree)

» Suitability for the programme of study» Motivation to study» Passion for the chosen subject

To be considered for an offer, all aspects of your application will be taken into account. You’ll usually be expected to have achieved, or be predicted to achieve, our minimum entry requirements or above – although we’re unable to guarantee that meeting the grades stated in our entry requirements will be enough to enable us to make you an offer.

Admission to the University is subject to your acceptance and observance of the University’s rules and regulations. Our full Admissions Policy, including information on the Contract of Admission and complaints procedure, can be found at:

surrey.ac.uk/discover/our-postgraduate-taught-admissions-policy

International applicants

English language requirements

For information about the minimum English language standards required for our Masters programmes, please visit:

surrey.ac.uk/discover/how-apply-postgraduate-taught-courses

Visa applications

If you require a student visa, you need to apply through Tier 4 of the Points-based Immigration System. Full information about this new system can be found at:

gov.uk/government/publications/studying-under-tier-4-of-the-points-based-system

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ATASIf you’re a national of a country that is not part of the EU/EEA, you may need to apply for additional permission if you want to study some science and engineering subjects at postgraduate level. This is called the Academic Technology Approval Scheme (ATAS).

You must get your ATAS certification before we can issue your Confirmation of Acceptance for Studies (CAS), which you will need in order to apply for your Tier 4 general student visa. For a complete list of subjects that need ATAS certification, please visit:

gov.uk/government/publications/the-academic-technology-approval-scheme-atas-sty04

Disabled and dyslexic students(Including long-term medical conditions, sensory impairment, mobility difficulties and mental health conditions)

It’s University policy that all applicants are considered primarily on merit and their academic potential. However, it’s essential for the University to know the nature of any impairments in advance, so that we can advise on what facilities and support arrangements are available to you.

If you have a disability, dyslexia or medical condition which may affect your ability to study your chosen programme, please let us know on your application form.

For further information about the help available from Additional Learning Support, please visit:

surrey.ac.uk/library/als

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Fee discounts for Surrey graduatesIf you’re a self-funded UK, EU or international student who has studied for an undergraduate degree at the University of Surrey campus in Guildford, you’ll be eligible for a ten per cent discount on our taught postgraduate Masters programme fees.

For more information, please contact:

feesandfunding@surrey.ac.uk

Our postgraduate feesFees are payable for each academic year, or each stage of your programme, and are revised subject to annual review.

For current fee information, please visit:

surrey.ac.uk/postgraduate/pgt-fees

On certain Masters programmes, you may need to pay for special equipment, field courses or study periods overseas, in addition to your fees. Details of these expenses may be obtained from the appropriate faculty or department.

Continuing fees In general, students on our taught postgraduate programmes are not required to pay continuing fees, although extension fees may be payable for certain programmes. In such cases, the faculty will notify students of arrangements.

On-campus money adviceOur Student Money Advisers are available to answer queries on all financial matters, ensuring that your time as a student at Surrey runs as smoothly as possible.For more information on money matters, including childcare and emergency loans, visit:

surrey.ac.uk/ask

Financial support for postgraduate studentsCareer Development Loans, or graduate loans, are available through an arrangement between the Skills Funding Agency (SFA) and high street banks.

You can borrow between £300 and £10,000 to help you fund up to two years of learning (or up to three years if the course includes one year of relevant practical work experience). The loan will cover fees and equipment, and living expenses if your course is full-time, plus other course-related costs, such as childcare and travel.

Loans are usually offered at a reduced interest rate and the government pays interest while you’re studying.

For more information, visit:

gov.uk/career-development-loans/overview

or call the National Careers service

T: 0800 100 900

Sponsorship from your employerIf you’re working and want to study part-time, some employers may help you with your course fees, or by offering flexible working.

Fees and financial support

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discount for Surrey graduates

10 %

University of Surrey awardsChoral and organ scholarshipsChoral and organ scholarships, tenable for up to three years, are offered in conjunction with the Dean and Chapter of Guildford Cathedral.

The Villis AwardA number of awards in the range of £100 to £300 are made annually to assist self-financing students registered on advanced programmes on a part-time basis, in subject areas covered by the Economic and Social Research Council.

Surrey and Santander Country and University ScholarshipsSurrey is a member of Santander Universities, a worldwide network of more than 800 tertiary education institutions. Santander Universities Global Division offers several scholarship schemes, with up to £5,000 available in the form of fee waivers for postgraduate students.

Awards for overseas studentsBritish Council awards British Council awards and scholarships are available to certain overseas students to pursue postgraduate study. Details of the award scheme should be obtained from the British Council representative, British Embassy or British High Commission in the candidate’s own country.

Foreign and Commonwealth Office awards: Chevening scholarships Awards varying in value are offered to overseas students through a number of different schemes. Further details are available from British missions in the candidate’s own country.

For more information about our fees, funding opportunities and scholarships, please visit:

surrey.ac.uk/discover/postgraduate-fees-and-financial-support

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This is just the start

We know that you would want to know more about Surrey than we could ever squeeze into a brochure. Our website has full details of all the subject areas, programmes and academics for postgraduate study at Surrey.

Every effort has been made to ensure the accuracy of the information contained in this brochure at the time of going to press. The University reserves the right, however, to introduce changes to the information given including the addition, withdrawal or restructuring of degree programmes. 6891-0814/v2 October 2014

University of Surrey Guildford, Surrey GU2 7XH, UK

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+44 (0)1483 300 803

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