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Applied Economics MSc

1 year full-time, starting in September 2021

Gain a strong grounding in advanced economics. Take your knowledge a step further by applying it to the field that most interests you.

Our MSc Applied Economics and MSc Applied Economics with Banking and Financial Markets provide rigorous training in all the main aspects of economics. We are one of the only universities in the UK offering this level of specialisation on this type of master's.

Starting with a comprehensive refresher in essential maths and economics skills, you will go on to receive advanced training in the analysis of problems in applied microeconomics, macroeconomics, econometrics and strategic decision-making.

Most importantly, you will then have the opportunity to tailor the course to the area of business or policy you are most interested in, giving you additional expertise and a head start when seeking work in that field.

You will develop your knowledge of quantitative methods beyond undergraduate level and gain the mathematical, statistical and econometric skills to carry out quantitative analyses of applied economics problems.

You will consolidate your research skills further during the dissertation, which you will work on over the summer under the supervision of one of our experienced lecturers. The research training you receive will prepare you well for going into research positions in a government or commercial context.

By the end of the course you will be able to:

  • analyse and interpret economic data and critically evaluate existing research
  • apply economic concepts to specific economic and policy questions, focusing in particular on the area of business or policy that most interests you
  • design and undertake independent research projects

If you're in China, you can view our course film on YouKu.

Learning and teaching

Our teaching staff are active researchers and regularly publish in the top economics journals. You'll benefit from their economic expertise.

Graduate prospects

This course is ideal preparation for careers within government or industry that require a thorough knowledge of economics.

We expect graduates of the MSc Applied Economics with Banking and Financial Markets to be particularly suited to jobs in banks and other financial institutions.

Course structure

This course lasts 1 year. It starts in September 2021 and ends in 2022. Welcome week starts on 27 September 2021.

Occasionally we make changes to our programmes in response to, for example, feedback from students, developments in research and the field of studies, and the requirements of accrediting bodies. You will be advised of any significant changes to the advertised programme, in accordance with our Terms and Conditions.

Compulsory course units

These compulsory units are currently being studied by our students, or are proposed new units.

Semester 1

Semester 2

  • Five optional units

Summer

Optional course units

These optional units are currently being studied by our students, or are proposed new units.

Learning and assessment

Learning

  • Lectures
  • Online resources
  • Practical sessions
  • Seminars

Assessment

  • Attendance
  • Coursework
  • Dissertation
  • Essay
  • Multiple choice examination
  • Online assessment
  • Oral assessment
  • Practical work
  • Written examination
‘Given the applied nature of this course you’re going to distinguish yourself from others. Your future employers are going to already know what you are very good at. In the competitiveness of the job market it’s very important to stand out.’
— Alessio Mitra MSc Applied Economics (2018)

Entry requirements

Origin of qualifications

British qualifications

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Algerian qualifications

A Licence, Diplôme in any specialised professional field, Diplôme d'Etat d'Ingênieur, Diplôme d'Architecte d'État or Diplôme d'Etudes Supérieures with a final overall score of at least 15 out of 20.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Singaporean qualifications

A Bachelor (Honours) degree with a final overall result of at least a 2:1 when studied at Nanyang Technological University (NTU), National University of Singapore (NUS) or Singapore University of Social Sciences.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Bolivian qualifications

A Licenciado with a final overall result of at least 75%.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Zimbabwean qualifications

A Bachelor Honours degree with a final overall result of at least a 2:1 (65%).

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Canadian qualifications

A Bachelor’s (Honours) degree with a final overall GPA of at least 3.0 (B or 70%).

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

German qualifications

A Bachelor’s degree, Diplom or Magister Artium with a final overall score of at least 2 (gut).

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Chinese qualifications

A four-year Bachelor’s degree with a final overall score of at least 80% depending on the institution attended.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Cypriot qualifications

A bachelor's degree (Ptychio) with a final overall score of at least 6.5 out of 10.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Mexican qualifications

A Título de Licenciado or Título (Profesional) de (subject area) with a final overall result of least 8.5 out of 10.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Greek qualifications

A university bachelor's degree (Ptychio) or Diploma with a final overall score of at least 6.5 out of 10.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Ghanaian qualifications

A bachelor's degree with a final overall result of at least B (Good, 3.5 or 60%).

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 within the last 2 years, you completed your degree in a country where English is the official first language, you may be exempt from our English language requirements.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Indian qualifications

A bachelor’s degree with a final overall result of at least a First Class.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Italian qualifications

A laurea with a final overall score of at least 100 out of 110.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Hong Kongese qualifications

A bachelor’s degree with a final overall score of at least 3.0 out of 4.0 (B or 2:1).

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Nigerian qualifications

A bachelor’s degree with a final overall result of at least a 2:1. We may also consider a final overall result of a high 2:2 from some institutions.

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 within the last 2 years, you completed your degree in a country where English is the official first language, you may be exempt from our English language requirements

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Saudi Arabian qualifications

A four-year bachelor’s degree with a final overall GPA of at least 3.5 out of 5.0 (or 3.0 out of 4.0).

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Ugandan qualifications

A bachelor's honours degree with a final result of at least a 2:1 (GPA 4.0).

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 within the last 2 years, you completed your degree in a country where English is the official first language, you may be exempt from our English language requirements

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

South Korean qualifications

A Bachelor's degree (Haksa) with a final overall result of at least 3.0 out of 4.3 or 3.5 out of 4.5.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Taiwanese qualifications

A bachelor’s degree with a final overall score of at least 75-80% depending on the university attended.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Brazilian qualifications

A Titulo de Bacharel, Titulo de (subject area) or Licenciado with a final overall result of at least 7.5 out of 10.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

French qualifications

A licence with a final overall result of at least 12 out of 20 (assez bien).

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Indonesian qualifications

A bachelor degree with a final overall score of at least 3.0 out of 4.0.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Kazakhstani qualifications

A specialist diploma with a final overall result of at least 3.5 out of 5.0.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Ukrainian qualifications

A bachelor degree or specialist diploma with a final overall result of at least 75%.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Other qualifications

We welcome applications from graduates from all countries so if you can’t see your country in the list, please contact our admissions team for advice about your specific entry requirements.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Colombian qualifications

A licenciado en, titulo de, profesional en or maestro en (subject area) with a final overall score of at least 3.25.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Dutch qualifications

A Bachelor’s degree with a final overall score of at least 7 out of 10.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Sudanese qualifications

A Bachelor (Honours) degree with a final overall score of at least 69%.

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.

English language requirements

  • IELTS: 6.5 overall with no less than 6.0 in all components
  • The Pearson Test of English Academic (PTE Academic): 62 with no less than 59 in any element
  • TOEFL IBT: 90 overall with a minimum 21 in all 4 components

If you need to improve your English language skills before starting your studies, you may be able to take a pre-sessional course to reach the required level.

Fees and funding

Fees and funding information for Applied Economics MSc full-time

Fees

Your tuition fees and how you pay them will depend on whether you are a Home, EU, Island or Overseas student.

Learn how we decide fee status

Tuition fees

See the most recent fees for postgraduate courses.

Extra costs

There is a one off £60 application fee for this course, payable through the online store.

How to pay

Tuition fee loans

If you are studying a postgraduate course, you may be able to take out a loan for your tuition fees and living costs.

Read more about tuition fee loans

Scholarships and bursaries

You could be considered for a bursary or scholarship to help you study at Bath. You do not have to pay it back.

Read more about bursaries and scholarships

Other payment options

You can pay your tuition fees by Direct Debit, debit card, credit card, cheque, bank transfer or cash. You may also be eligible for a student loan to help you pay your fees.

Read more about your payment options

Budgeting

You will need to budget at least £100 for the cost of photocopying, printing and binding. You will also need to budget for the cost of textbooks.

Some courses involve visits away from campus and you may be required to pay some or all of the costs of travel, accommodation and food and drink.

If you’re on a placement, you’re responsible for your own travel, accommodation and living costs. You should also consider the financial implications if you go on an unpaid or overseas placement.

Application information

  • Course title
    Applied Economics
  • Final award
    MSc
  • Mode of study
    Full-time
  • Course code
    THES-AFM12
  • Department
    Department of Economics
  • Location
    University of Bath
    Claverton Down, Bath BA2 7AY
  • UK/EU application deadline
    31 August 2021
  • Overseas deadline
    30 June 2021
  • Application eligibility
    UK and Overseas students are eligible to apply
  • Regulator
    The Office for Students (OfS)

Course enquiries

Apply for 2021 entry

Apply now

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