MSc Industrial Economics

Course Code DNT1L117101
Duration 1 Year
Attendance Full Time
Award Degree of Master of Science

Overview
Why Choose Us
Requirements
Course Profile
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Overview

The specialist components of the MSc Industrial Economics combine theoretical, empirical and policy analysis in industrial economics. Industrial Economics has been the source of some of the most fertile developments in economic theory in the last 20 years. In particular, interest in game theory and transaction cost economics has grown substantially due to applications in industrial organisation.

More recently, there have been important advances in empirical work to test the new theories and shed light on the behaviour of firms and industries. The new research is informing policy debates ranging from merger policy to the success of the Single European Market.

The MSc Industrial Economics is offered over one year full-time.

Is the MSc Programme right for you?

Postgraduate Options: Graduate Diploma, MA or MSc
The School of Economics offers a diverse range of taught postgraduate study opportunities:

The Graduate Diploma provides core training in Economics for graduates (or those with an equivalent qualification) who do not already have an extensive recent economics background - acting as a progression route to further postgraduate study, particularly for our MSc Programme.

The Applied Training Programme (Master of Arts) is designed to provide training in new and vocationally attractive skills in Economics. It is appropriate for graduates in Economics who wish to develop specialist expertise without committing to the full research-led training Academic and Professional (MSc) programme. It is also appropriate for those with a limited Economics background but with an undergraduate degree or equivalent experience in the applied area. These courses should appeal to students who wish to pursue a career in the areas of finance, management, international business, international relations and the mass media.

The Academic and Professional Programme (Master of Science) is designed to provide intensive research-led training in advanced economic theory, econometrics and research methods. This route is suitable for those who aim to gain employment as professional economists in government, financial institutions, business, commerce, industry, international agencies and other similar organisations. The MSc Programme is also suitable for those seeking eventual PhD enrolment and/or an academic career as a lecturer in Economics. Many of our former PhD students now hold academic posts as lecturers in University departments both in the UK and overseas.

ESRC Research Centre for Competition Policy

Students undertaking the MSc Industrial Economics degree also benefit from close collaboration with research conducted by the ESRC Research Centre for Competition Policy - one of the University's Research Centres working at the forefront of policy debates in competition economics at international level, with senior advisory links with the European Commission, the UK Office of Fair Trade and the UK Competition Commission. Students are encouraged to attend the Centre's workshops, seminars and conferences and so are able to interact with leading academics and practitioners from across Europe and the United States.

Why Choose Us?

Our distinctive Graduate Diploma and Masters degrees build on the University's research and teaching strengths, with key principles focused on "core knowledge" and "flexibility" to ensure that students gain the rigorous reasoning and analytical skills that make an Economics-related degree so valuable to employers. At the same time, we allow flexibility in providing a wide range of degrees tailored to meet the aspirations of different students.

Our vibrant community of more than 100 postgraduate students are drawn from the UK and around the world (around 25% of our total student body). With this size of programme we are large enough to offer a full range of degrees, together with a substantial pool of experienced supervisors. School of Economics, University of East Anglia

School of Economics, University of East Anglia

We pride ourselves on being a caring department, based on regular and friendly day-to-day first name contact with our students.

We use a variety of teaching technologies, including lectures, seminars, small group teaching, tutorials and IT e-learning resources. These are delivered by experienced members of academic staff, often in a relatively informal learning environment. Assessment is by written assignments, examination, and a dissertation. A continuous control process ensures that our teaching quality continues to develop, and students have access to a number of quality-control channels including student feedback forms, debriefing meetings, and the Student Liaison Committee to help us monitor, evaluate and develop current practice.

There are many external indicators of the quality of our teaching and research. In relation to our teaching, we have been consistently rated as a top 10 department since the inception of the National Student Satisfaction survey. Our School also benefits from Economic and Social Research Council (ESRC) recognition - the main UK postgraduate funding body - for '1+3' Awards (including quota awards specifically to study Economics at the University of East Anglia).

Career Opportunities

For jobs where a high level of numeracy is required, where the ability to work independently, to analyse complex issues and to communicate with a range of audiences is crucial, graduate training in economics provides the ideal platform. Our Masters degrees are designed to equip students with the skills necessary for careers as professional economists or in closely related spheres, such as finance or management consultancy.

The University of East Anglia provides a professional Careers Centre and, together with the School's Academic Careers Adviser, we will help students to choose their career path and develop their employability skills.

Many of our students have gone on to successful careers working for private companies, for government organisations or in universities in Britain and abroad. Please click on the links below to view the career profiles of some of our recent Economics graduates:

Mark Peacock, Consultant on European Industrial and Environmental Policy at the European Commission
Andrew Bugg, Management Consultant, specialising in Media and Marketing Analytics
Katie Robinson, Economist at the Office of Fair Trading
Philomena Bacon, Associate Tutor in Economics at the University of East Anglia
Allan Provins, Consultant Environmental Economist for Economics for the Environment Consultancy (eftec)
Fan Wu, Analyst in the Research Department, Qi Lu Securities Ltd, China

Come and Visit Us

Our Open Days will give you the opportunity to experience the University of East Anglia's unique campus atmosphere.

You will have the chance to attend subject-specific talks and presentations about student life and finance. You will also be able to talk directly to academics, admissions staff and current students giving you a first-hand impression of life at the University of East Anglia - check out the accommodation, learning resources, student support, and our sport and entertainment facilities.

In addition to the above we offer a Personal Visit option, available on specific Friday afternoons throughout the year. These include organised tours of the campus. We have also created a Virtual Open Day experience for you which we hope will help to provide you with an insight into life and study at the School of Economics.

Further Information

If you would like to discuss your individual circumstances with the Admissions Office prior to applying
please do contact us:

Admissions Office (Economics)
Tel: +44 (0)1603 592805
Email: pgeco.admiss@uea.ac.uk

Please click here to download the School of Economics Postgraduate Prospectus or register your details via our Online Enquiry Form.

International candidates are also actively encouraged to access the University's International section of our website.

Entry Requirements

Applicants should normally have a good first degree from a recognised higher education institution. The University will also take into account the employment experience of applicants where relevant.

It is normal for undergraduate students to apply for entry to postgraduate programmes in their final year of study. Applicants who have not yet been awarded a degree may be offered a place conditional on their attaining a particular class of degree.

Undergraduate Degree Subject Economics
Undergraduate Degree Classification 2.1 or equivalent

Students for whom English is a foreign language

We welcome applications from students whose first language is not English. To ensure such students benefit from postgraduate study, we require evidence of proficiency in English. Our usual entry requirements are as follows:

· IELTS: 6.5 (minimum 6.0 in all components)

· TOEFL: Internet-based score of 92 (minimum 19 listening, 21 speaking, 19 writing and 20 reading)

· PTE (Pearson): 62 (minimum 55 in all components)

Test dates should be within two years of the course start date.

Other tests such as TOEIC and the Cambridge Certificate of Advanced English are also accepted by the university. Please check with the Admissions Office for further details including the scores or grades required.

INTO UEA and INTO UEA London run pre-sessional courses which can be taken prior to the start of your course. For further information and to see if you qualify please contact intopre-sessional@uea.ac.uk (INTO UEA Norwich) or pseuealondon@into.uk.com (INTO UEA London).

Special Entry Requirements

September Pre-Sessional Courses

The School of Economics runs intensive courses in Mathematics and Statistics for Economists in the fortnight preceding the Masters programme in September. This course is compulsory and incorporates the techniques of calculus and matrix algebra; in addition, students are introduced to the econometric software package which will be used in their MSc programme.

Year 1

Year 1

Compulsory Study (180 credits)

Students will select 180 credits from the following module(s).

Name	Code	Credits	Period
Applied Econometrics This module builds on the econometric theory of earlier courses: ECO-M001, ECO-M017 and ECO-M003. It attempts to place the theoretical ideas of those modules in the context of current applied analysis. The module is divided into five main parts: data issues and distribution theory time series econometrics, estimation of systems of equations, microeconomics, and panel data models. There is an emphasis on the practical application of common estimation techniques, with the specialist econometric software package STATA being used extensively. These skills are assessed in an applied project at the end of the course. more...	ECO-M002	20	Semester 2
Econometric Theory This is an advanced module in econometric theory, aimed at students with some prior knowledge of econometrics. Using matrix algebra, the multiple regression model is analysed, and the theory of estimation and hypothesis testing is developed in this context. Violations of the basic assumptions of the multiple regression model, such as heteroscedasticity, serial correlation, misspecification and measurement error, are analysed from a theoretical perspective. Finally, dynamic models and models of expectations are covered. The specialist econometric software package STATA plays a role, but with a much greater emphasis on techniques than on results. more...	ECO-M003	20	Semester 1
Economic Theory I This is an advanced module in microeconomic theory, designed for postgraduate students with a strong background in economics. The topics covered in this module include the duality approach to demand theory, firm theory, general equilibrium theory, game theory, choice under uncertainty, agency theory and the economics of asymmetric information. The rational-choice foundations of microeconomics are also critically examined. more...	ECO-M005	20	Semester 1
Economic Theory II This module is designed to provide training in modern, advanced macreoconomic theory. It aims to familiarize students with the workhorse models economists use to think about macroeconomics, demand and supply shocks, and stabilization policy. The module is compulsory for all students on the MAs in Economics, Economics and Finance, Environmental Economics, Experimental Economics, Industrial Economics and Political Economy more...	ECO-M006	20	Semester 2
Economics Dissertation (60 Credits) For all students taking the MA in Economics, Environmental Economics, Experimental Economics, Industrial Economics, Political Economy, Economics and Finance, Economics and International Business, Economics and the Mass Media, Economics and International Relations, Economics and Health Economics, Competition and Regulation Policy. Students are required to write a dissertation of a length as specified in ther MA Course Guide on a topic approved by the Course Director or other authorised person. more...	ECO-M10X	60	Semester 2
Industrial Economics I This module begins by looking at some advanced topics in monopoly behaviour, before investigating how firms interact in markets. The latter is the core material of industrial organisation theory, and we develop the game theoretic approaches to oligopoly pricing, product differentiation, and strategic investment. Applying these core ideas, we investigate topics such as strategic entry deterrence mergers, 2-sided markets, R&D, patents and vertical relationships including exclusive dealing, other restraints and rebates. Although this is essentially a module in applied microeconomic theory, emphasis is placed on empirical relevance, testability and policy analysis. more...	ECO-M011	20	Semester 1
Industrial Economics II This is a graduate-level module in industrial economics, designed for students with a strong prior background in economics. It investigates a number of empirical topics in industrial organisation and competition policy, building on the theoretical insights provided by Industrial Economics I. Topics include collusion, predatory behaviour, price discrimination, bundling, product differentiation, vertical restraints, mergers and merger simulation, entry and industrial concentration and effectiveness of competition policy. more...	ECO-M010	20	Semester 2

Disclaimer

Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules and regular (five-yearly) review of course programmes. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, there will normally be prior consultation of students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff or sabbatical leave. Where this is the case, the University will endeavour to inform students.

Economics Courses

Economics

MSc Industrial Economics

Career Opportunities

Come and Visit Us

Year 1

Further Information