Overview
This programme develops the theoretical and econometric toolkit used in top policy units, central banks, economic consultancies and research institutes. You will master micro and macro foundations, causal inference methods and applied domains — public finance, development, trade and environmental policy. The research capstone produces an empirical paper or policy evaluation meeting professional standards for clarity, identification strategy and transparent limitations.
MSc Economics & Policy is taught as one award, not a list of unrelated modules. The published length is 24 months, and the credit total is 36. Students move from Advanced Microeconomics through Advanced Microeconomics; Macroeconomics & Monetary Policy; Econometrics I: Regression & Inference; Mathematical Methods for Economics; Econometrics II: Causal Inference; Public Economics & Fiscal Policy, and finish on MSc Economics Research Capstone.
Each course has a question, a method, and a submission. In this field, students say who decides, under which rule, and draft a note a professional could read. Reading is a statute or instrument, a case or policy paper, and a commentary. The artefact a marker expects is a memo or draft clause with sources and a revision note.
The award is built so that a graduate can do the following in practice: Apply microeconomic and macroeconomic models to real policy questions Estimate causal effects using modern econometric designs Evaluate fiscal, trade and development programmes with transparent methods
Teaching assumes the student can read a source, attempt a problem before the seminar, and revise after feedback. Attendance at live seminars is part of the design. The capstone or final course must use the methods of the earlier courses; a project that ignores them does not pass.
This course is academic. It does not admit the student to practise law and it is not a qualifying law degree.
The pages for each course name the topics that are examined. Those topics are the syllabus. A brochure line is not a substitute for them.
Mathematical preparation is scaffolded in Term 1. Software training centres on Stata and/or R for reproducible policy research. Suitability for future PhD applications is supported through research methods depth.
Who This Programme Is For
- ✦Economics and PPE graduates seeking postgraduate quantitative depth
- ✦Policy analysts in government and international organisations
- ✦Consultants in economic and regulatory practice
- ✦Professionals pivoting into economic research roles
Faculty spotlight
Professor Daniel Mensah specialises in causal inference for policy; Dr. Priya Sharma teaches applied macro and financial economics interfaces.
Programme Structure & Delivery
Coursework
Interactive modules, weekly readings, recorded and live seminars, and collaborative discussions with peers worldwide.
Assessment
Module assignments, proctored examinations, and capstone projects designed to demonstrate mastery of the field.
Learning Outcomes
- ✦Apply microeconomic and macroeconomic models to real policy questions
- ✦Estimate causal effects using modern econometric designs
- ✦Evaluate fiscal, trade and development programmes with transparent methods
- ✦Communicate quantitative findings to non-specialist decision-makers
- ✦Produce reproducible empirical research under open science norms
Career Pathways
- ✦Economic Analyst / Policy Economist
- ✦Central Bank or Finance Ministry Analyst
- ✦Economic Consultant
- ✦Research Associate (Think Tank / University)
- ✦International Organisation Research Officer
Assessment
Modules are assessed through a published mix of coursework, applied projects, and examinations. Exam windows are announced in advance so students in other time zones are not forced into overnight sittings. Alternative arrangements are available where documented.
Curriculum
Term 1 — Core Economic Theory
ECON501Advanced Microeconomics- ECON501-M1 · Forum, rule, and parties — Advanced Microeconomics
- ECON501-M2 · Claim, counterclaim, and the facts that would change the result — Advanced Microeconomics
- ECON501-M3 · A clause, briefing, or policy note for a named audience — Advanced Microeconomics
- ECON501-M4 · Sources, revision, and the strength of the authority — Advanced Microeconomics
- ECON501-M5 · Institutions and the limit of the award — Advanced Microeconomics
- ECON501-M6 · A supervised paper: question, sources, argument, and defence — Advanced Microeconomics
3 creditsECON502Macroeconomics & Monetary Policy- ECON502-M1 · Forum, rule, and parties — Macroeconomics & Monetary Policy
- ECON502-M2 · Claim, counterclaim, and the facts that would change the result — Macroeconomics & Monetary Policy
- ECON502-M3 · A clause, briefing, or policy note for a named audience — Macroeconomics & Monetary Policy
- ECON502-M4 · Sources, revision, and the strength of the authority — Macroeconomics & Monetary Policy
- ECON502-M5 · Institutions and the limit of the award — Macroeconomics & Monetary Policy
- ECON502-M6 · A supervised paper: question, sources, argument, and defence — Macroeconomics & Monetary Policy
3 creditsECON503Econometrics I: Regression & Inference- ECON503-M1 · Forum, rule, and parties — Econometrics I: Regression & Inference
- ECON503-M2 · Claim, counterclaim, and the facts that would change the result — Econometrics I: Regression & Inference
- ECON503-M3 · A clause, briefing, or policy note for a named audience — Econometrics I: Regression & Inference
- ECON503-M4 · Sources, revision, and the strength of the authority — Econometrics I: Regression & Inference
- ECON503-M5 · Institutions and the limit of the award — Econometrics I: Regression & Inference
- ECON503-M6 · A supervised paper: question, sources, argument, and defence — Econometrics I: Regression & Inference
3 creditsECON504Mathematical Methods for Economics- ECON504-M1 · Forum, rule, and parties — Mathematical Methods for Economics
- ECON504-M2 · Claim, counterclaim, and the facts that would change the result — Mathematical Methods for Economics
- ECON504-M3 · A clause, briefing, or policy note for a named audience — Mathematical Methods for Economics
- ECON504-M4 · Sources, revision, and the strength of the authority — Mathematical Methods for Economics
- ECON504-M5 · Institutions and the limit of the award — Mathematical Methods for Economics
- ECON504-M6 · A supervised paper: question, sources, argument, and defence — Mathematical Methods for Economics
3 creditsTerm 2 — Applied Policy Fields
ECON505Econometrics II: Causal Inference- ECON505-M1 · Forum, rule, and parties — Econometrics II: Causal Inference
- ECON505-M2 · Claim, counterclaim, and the facts that would change the result — Econometrics II: Causal Inference
- ECON505-M3 · A clause, briefing, or policy note for a named audience — Econometrics II: Causal Inference
- ECON505-M4 · Sources, revision, and the strength of the authority — Econometrics II: Causal Inference
- ECON505-M5 · Institutions and the limit of the award — Econometrics II: Causal Inference
- ECON505-M6 · A supervised paper: question, sources, argument, and defence — Econometrics II: Causal Inference
3 creditsECON506Public Economics & Fiscal Policy- ECON506-M1 · Forum, rule, and parties — Public Economics & Fiscal Policy
- ECON506-M2 · Claim, counterclaim, and the facts that would change the result — Public Economics & Fiscal Policy
- ECON506-M3 · A clause, briefing, or policy note for a named audience — Public Economics & Fiscal Policy
- ECON506-M4 · Sources, revision, and the strength of the authority — Public Economics & Fiscal Policy
- ECON506-M5 · Institutions and the limit of the award — Public Economics & Fiscal Policy
- ECON506-M6 · A supervised paper: question, sources, argument, and defence — Public Economics & Fiscal Policy
3 creditsECON507Development Economics & Inequality- ECON507-M1 · Forum, rule, and parties — Development Economics & Inequality
- ECON507-M2 · Claim, counterclaim, and the facts that would change the result — Development Economics & Inequality
- ECON507-M3 · A clause, briefing, or policy note for a named audience — Development Economics & Inequality
- ECON507-M4 · Sources, revision, and the strength of the authority — Development Economics & Inequality
- ECON507-M5 · Institutions and the limit of the award — Development Economics & Inequality
- ECON507-M6 · A supervised paper: question, sources, argument, and defence — Development Economics & Inequality
3 creditsECON508International Trade & Macroeconomic Openness- ECON508-M1 · Forum, rule, and parties — International Trade & Macroeconomic Openness
- ECON508-M2 · Claim, counterclaim, and the facts that would change the result — International Trade & Macroeconomic Openness
- ECON508-M3 · A clause, briefing, or policy note for a named audience — International Trade & Macroeconomic Openness
- ECON508-M4 · Sources, revision, and the strength of the authority — International Trade & Macroeconomic Openness
- ECON508-M5 · Institutions and the limit of the award — International Trade & Macroeconomic Openness
- ECON508-M6 · A supervised paper: question, sources, argument, and defence — International Trade & Macroeconomic Openness
3 creditsTerm 3 — Research & Capstone
ECON601Behavioural Economics & Policy Design- ECON601-M1 · Forum, rule, and parties — Behavioural Economics & Policy Design
- ECON601-M2 · Claim, counterclaim, and the facts that would change the result — Behavioural Economics & Policy Design
- ECON601-M3 · A clause, briefing, or policy note for a named audience — Behavioural Economics & Policy Design
- ECON601-M4 · Sources, revision, and the strength of the authority — Behavioural Economics & Policy Design
- ECON601-M5 · Institutions and the limit of the award — Behavioural Economics & Policy Design
- ECON601-M6 · A supervised paper: question, sources, argument, and defence — Behavioural Economics & Policy Design
3 creditsECON602Environmental & Sustainability Economics- ECON602-M1 · Forum, rule, and parties — Environmental & Sustainability Economics
- ECON602-M2 · Claim, counterclaim, and the facts that would change the result — Environmental & Sustainability Economics
- ECON602-M3 · A clause, briefing, or policy note for a named audience — Environmental & Sustainability Economics
- ECON602-M4 · Sources, revision, and the strength of the authority — Environmental & Sustainability Economics
- ECON602-M5 · Institutions and the limit of the award — Environmental & Sustainability Economics
- ECON602-M6 · A supervised paper: question, sources, argument, and defence — Environmental & Sustainability Economics
3 creditsECON603MSc Economics Research Capstone- ECON603-M1 · Forum, rule, and parties — MSc Economics Research Capstone
- ECON603-M2 · Claim, counterclaim, and the facts that would change the result — MSc Economics Research Capstone
- ECON603-M3 · A clause, briefing, or policy note for a named audience — MSc Economics Research Capstone
- ECON603-M4 · Sources, revision, and the strength of the authority — MSc Economics Research Capstone
- ECON603-M5 · Institutions and the limit of the award — MSc Economics Research Capstone
- ECON603-M6 · A supervised paper: question, sources, argument, and defence — MSc Economics Research Capstone
6 creditsAdmission requirements
Academic entry
- Bachelor's degree from an accredited institution (minimum 2:2 or GPA 2.5/4.0)
- Prior coursework in intermediate microeconomics, macroeconomics and statistics preferred
English language
- English proficiency: IELTS 5.5, TOEFL 46, or equivalent (waived for prior English-medium study)
Documents
- Statement of Purpose (500 words minimum) outlining your goals and fit for the programme
- Two academic or professional references with contact details
- CV or résumé documenting relevant education and professional experience
Programme questions
How long is the MSc Economics & Policy?+
The published duration is 24 months. Teaching language: English. Actual time-to-complete depends on mode and any recognised prior learning.
Can I study this from my country?+
This is a fully online award. You study from your country. No student visa and no campus relocation are required.
What does it cost?+
Degree tuition for this award is published as £0 / tuition-free on the online pathway. Examination or administrative fees may apply at checkout — never an annual tuition invoice. Check the Fees page for any extras.
What are the entry requirements?+
Requirements are grouped on this page (academic, English, documents). Equivalent qualifications are considered. English may be waived after prior English-medium study.
How is the programme assessed?+
Assessment is typically a mix of coursework, projects, and examinations. Doctoral awards include a thesis or dissertation and an oral examination. Details sit in the programme specification and module outlines.
Will this award be recognised where I live?+
Recognition of the award for local employment, professional licence, or ministry attestation is decided by your employer or regulator. Durham University publishes verification pages for certificates. We do not claim automatic equivalence in every country.
How do I apply?+
Start an application on this website. Progress is saved from the first step. Admissions: admissions@durhm.co.uk.