University of Bath
Applied Economics MSc
University of Bath

Key Course Facts

Student Reviews

Below you can see course specific reviews for 85 graduates of Applied Economics MSc at University of Bath for each of the survey questions in comparison to the average for all UK degree courses in Architecture.

Overall student satisfaction
91 /100
85 total respondents
The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in Architecture

Important: Salary data below is not course specific, but contains data of all students of Architecture at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £23000 £29500 £32500
25-75 percentile range £22000 - £25000 £25500 - £33000 £27000 - £38500


Salary of all UK Graduates of Architecture

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £23131 £25010 £28792
25-75 percentile range £20700 - £25694 £19794 - £30100 £23742 - £35267

Course Description

Gain a strong grounding in advanced economics, with a focus on the application of economic theory and policy analysis in contemporary real-world settings.

Closely related to our MSc Economics course, MSc Applied Economics takes a more practical approach to the subject to prepare you for a range of professional roles in the field of economics.

You'll receive rigorous training in all the main aspects of economics – such as microeconomics, macroeconomics and econometrics – with a focus on their application to contemporary economic challenges and issues.

Alongside the study of economic theory, you can select from a range of supplementary topics to tailor the course to your personal interests and career aspirations. These may include:

  • behavioural economics and finance
  • environmental and natural resource economics
  • economics of politics
  • macroeconomic policy and institutions
  • applied financial economics
  • economics of banking and financial institutions
  • financial markets and investment banking
  • machine learning applications in economics and finance

If you want to specialise in finance or banking, you may be more suited to our MSc Applied Economics with Banking and Financial Markets course.

MSc project

The course culminates with a project, in the form of two policy briefs or a traditional dissertation.

Both options give you the opportunity to apply your newly acquired knowledge to a specific economic area or debate that interests you or is relevant to your career aspirations.

Policy briefs

The policy briefs allow you to communicate the practical implications of a real-world piece of policy, or your own research into a challenge or issue, to an audience of private and public sector practitioners. You will conduct appropriate research and data analysis (if necessary), before presenting your findings as a written report.

Dissertation

You can choose to do a traditional dissertation. This enables you to use sophisticated economic theories in a piece of applied research work.

Learn from experts in the field

You will learn from experts in the core strands of economics, as well as a diverse range of specialist sub-areas. Their enthusiasm, knowledge and expertise will shape their teaching to enhance your learning experience.

Use specialist facilities

You’ll have access to some of the latest industry-standard statistical, mathematical and econometric software in our computer labs, including EViews, Stata, Matlab and Python.

Gain important career skills

On successful completion of the course, you will be able to:

  • understand and apply microeconomic and macroeconomic theories to a wide range of economic scenarios
  • apply theories and statistical tools to analyse, visualise and conceptualise economic data
  • use mathematical, statistical and econometric methods to carry out quantitative analyses of applied economics problems
  • conduct applied research in both private and public contexts

We limit student numbers on this course to ensure a collegiate atmosphere and a high degree of interaction between students and lecturers.

Graduate prospects

This course is designed to equip you with the knowledge and practical abilities required to work in various careers within economics. These include banking, consulting, governmental organisations and research institutions. It also provides suitable preparation for doctoral study and future roles in academia.

Common graduate roles in applied economics include:

  • applied economist
  • civil servant
  • consultant
  • financial analyst
  • investment banker
  • risk analyst

Recent graduates have gone on to work in a number of different roles across the world in organisations such as:

  • World Bank
  • Royal Bank of Scotland
    • HSBC
  • JP Morgan Chase &Co.
  • Deloitte
  • HMRC and other government institutions both in the UK and overseas

Prescribed by the Architects Registration Board (ARB) at Part 1 level for the purpose of registration in the UK.

Validated by the Royal Institute of British Architects (RIBA) at Part 1 level for the purpose of eligibility for membership of the RIBA.

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

Current jobs

Required skill level of job after 15 months

Jobs of graduates of this course (15 months after graduation)

Example below based on all graduates of Applied Economics MSc at University of Bath

70% Media Professionals
5% Administrative occupations
5% Caring personal services
5% Welfare and housing associate professionals
5% Business and public service associate professionals
5% Legal professionals
5% Managers, directors and senior officials
5% Caring personal services

- Closed book written examination - Coursework - Dissertation - Essay - In-class test - Oral presentation

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for this course

Requirements for international students / English requirements

IELTS academic test score (similar tests may be accepted as well)

    • 6.5
    • All other courses
    • 6.0
    • Foundation / Pathway Courses
    • 7.0
    • Graduate Degrees
    • (no subscore less than 6.5)
    • 6.5
    • Undergraduate Degrees
Get advice on which foundation courses are best for you to still study Applied Economics, MSc, if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language requirements.

You should have a bachelor's honours degree or international equivalent, typically a 2:1 or above.

We welcome applications from those with a 2:2 honours degree (or its international equivalent) in subjects with a high level of economics content.

To apply for this course, you must have an undergraduate degree in a social science or business-related discipline such as business administration, finance, accounting, international trade, banking, financial management, public finance or politics.

We may make an offer based on a lower grade if you can provide evidence of your suitability for the degree.

If your first language is not English but within the last 2 years you completed your degree in the UK you may be exempt from our English language requirements.

Costs

Average student cost of living in the UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

University Rankings

Positions of University of Bath in top UK and global rankings.

Rankings of University of Bath in related subject specific rankings.

Social Studies & Humanities

    • #8 
    Economics
    CUG The Complete University Guide - By Subject
    [Published 08 June, 2023]
    • #18 
    • #25 
    Economics
    The Guardian University League Tables by Subject
    [Published 09 September, 2023]
    • #156 
    Economics
    URAP University Ranking by Academic Performance - By Field
    [Published 22 July, 2023]
    • #29 
    • #201 
    Economics
    GRAS Global Ranking of Academic Subjects - ShanghaiRanking
    [Published 19 July, 2022]

See all 30 university rankings of University of Bath

About University of Bath

The University of Bath is a university located in Bath, Somerset, which, in their own words, aims to deliver world-class research and teaching, and to benefit the wider population through their research, enterprise and influence. The main campus is based in Claverton Down, just 1.5 miles away from Bath city centre with its spectacular views and assorted activities to get up to in your free time.

List of 58 Bachelor and Master Courses from University of Bath - Course Catalogue

Student composition of University of Bath

undergraduates:
13615
postgraduates:
3470
Total:
17085
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Where is this programme taught

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