2020 applicants
Postgraduate Course

MA Management Economics

MA Management Economics

Overview

The details
Management Economics
October 2021
Full-time
1 year
Colchester Campus
Economics

Are you particularly fascinated by the economics of management and industrial strategy? Do you want to find answers to questions such as, how do business managers navigate their markets? How do firms set prices and sales targets? How do these decisions by firms affect wider societal welfare? How should competition policy be set to shape this behaviour? If so, welcome home.

At Essex we push the frontiers of accepted wisdom, critically examining the decisions of individuals, the strategies of firms, and the policies of governments to understand and challenge the standard paradigms of economics. On this course, you build a thorough understanding of the key areas of economics, oriented towards issues of business strategy and market structure.

So, if you want to specialise in management economics, your first degree isn’t in economics, or your previous economics training doesn’t suit our MSc courses, our MA Management Economics may be for you.

There's always something fascinating going on in our department, from regular lively debates with prestigious speakers in seminars, workshops and conferences to cutting-edge papers being published in leading journals, including American Economic Review, Econometrica, and Review of Economic Studies.

Why we're great.
  • We are top 5 in the UK for research, with over 90% of our research rated as “world-leading” or “internationally excellent” (REF 2014)
  • We are gold rated in TEF 2017
  • We are THE University of the Year 2018 (THE 2018)
THE Awards 2018 - Winner University of the Year

Our expert staff

Study and work alongside some of the most prominent economists of our time.

Our researchers are at the forefront of their field and have even received MBEs, with students coming from across the globe to study, research or work with us.

Many of our researchers also provide consultancy services to central banks and government agencies, helping us to develop research for today's society as well as informing our teaching for the future.

For a full list of research interests, see our Department’s staff pages.

Specialist facilities

Take advantage of our wide range of learning resources to assist you in your studies:

  • Work with researchers to learn how to conduct experiments from start to finish, as a lab assistant in ESSEXLab, our state-of-the-art social science experimental lab.
  • Extensive software for quantitative analysis is available in all computer labs across the University.
  • Access a variety of economics databases and multiple copies of textbooks and e-books in the Albert Sloman Library

Your future

After completing your masters, you may wish to extend your knowledge with a research degree – many Essex graduates decide to stay here for further study.

Alternatively, our course also prepares you for employment; recent surveys have shown that higher degree graduates are more likely to obtain jobs at professional or managerial level.

Our recent Master’s level Economics graduates have gone on to work for a range of high-profile organisations like the Bank of England and the International Monetary Fund.

We also work with the university’s Student Development team to help you find out about further work experience, internships, placements, and voluntary opportunities.

Entry requirements

UK entry requirements

A 2.2 Degree in any discipline with some evidence of quantitative ability.

International & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here. Please select your country page where you'll find this information.

English language requirements

IELTS overall score of 6.0, with a minimum score of 5.5 in all components

Structure

Example structure

Most of our courses combine compulsory and optional modules, giving you freedom to pursue your own interests. All of the modules listed below provide an example of what is on offer from the current academic year. Our Programme Specification provides further details of the course structure for the current academic year.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

The example structure below is representative of this course if taken full-time. If you choose to study part-time, the modules will be split across 2 years.

Market Structure and Strategic Behaviour

How do firms make decisions? And how do these decisions impact on the prices you pay? What role does game theory play? Understand strategic interaction among firms, using theoretical tools to examine real-world examples. Analyse the main economic forces behind firm behaviour, adapting economic models to study particular challenges.

View Market Structure and Strategic Behaviour on our Module Directory

Introductory Macroeconomics

Introductory Macroeconomics studies some of the fundamental concepts and methods in economics. It equips you with the basic tools and methods of analysis used in economic reasoning. You are introduced to National income accounting, the basics of fiscal and monetary policies in the short run, and the critical role of the Government's budget constraint. The module then progresses into a discussion of the trade-off between inflation and unemployment and the role of the natural rate of unemployment. Particular emphasis is applied to understanding how macroeconomics can help understanding the economic environment we live in and the most important economic challenges we face.

View Introductory Macroeconomics on our Module Directory

Introductory Microeconomics

Microeconomics studies the economic behaviour of individual economic decision makers such as consumers, workers, firms, or managers. You will be looking at decision-making and markets when all agents have perfect information about goods and prices and individual agents cannot affect prices through their own actions. Later in the module you will turn to the concept of market equilibrium with more detailed understanding of demand and supply in order to derive properties of market behaviour.

View Introductory Microeconomics on our Module Directory

Introductory Econometrics

This module provides an introduction to the econometric methods commonly used to analyse economic data and the application of these methods. The focus of the module is on linear regression and the ordinary least squares (OLS) estimation procedure. This is introduced after a review of basic probability, random variables, simple descriptive statistics and the concept of the null hypothesis.

View Introductory Econometrics on our Module Directory

Theory of Industrial Organisation

How do firms interact? What impact does this have on products that are available to you? Or the price that you pay? Understand current thinking on industrial organisation, with a focus on competition policy, regulation and business strategy. Apply analytical models of firm behaviour and strategic interaction to real-life situations.

View Theory of Industrial Organisation on our Module Directory

Dissertation

What interests you? Undertake a research project of your choosing, studying a specific economic issue or set of problems in depth, with supervision from our world-leading academic staff. Gain experience of original and independent work, making use of and building on skills that you have acquired during your Masters.

View Dissertation on our Module Directory

Banking

What value is added by your business? And how is this value added? Such questions are asked to business leaders. Understand the core economic reasoning behind commercial and investment banking, looking at financial intermediation and money creation, as well security, mergers and acquisition.

View Banking on our Module Directory

Economics of Financial Markets

Study the concepts of risk and return in equity markets, both in the context of asset pricing, and in the management of equity portfolios. You will start by focusing on the analysis of the stylised facts of asset returns, and will then review the theoretical foundations of modern finance, covering expected utility theory and risk aversion.

View Economics of Financial Markets on our Module Directory

The Economic Geography of Employment, Innovation and Trade

Despite all the talk about the “death of distance”, geography matters more than ever. This course is a journey through the current economic landscape. We will try to understand the economic forces driving trends in wages, productivity and innovation across cities and regions. These are the forces that will define the geography of future jobs and will shape the economic destiny of local communities around the world.

View The Economic Geography of Employment, Innovation and Trade on our Module Directory

Teaching

  • Core components can be combined with optional modules to enable you to gain either in-depth specialisation or a breadth of understanding across several topics
  • Our postgraduates are encouraged to attend conferences and seminars

Assessment

  • Each module is assessed with a final examination and a coursework component
  • Coursework is taken in the form of a term paper or a midterm test

Dissertation

  • You undertake an individually supervised research project that involves the in-depth study of a specific economic problem or issue

Fees and funding

Home/UK fee

£12,410

International fee

£19,380

EU students commencing their course in the 2021-22 academic year will be liable for the International fee.

Fees will increase for each academic year of study.

What's next

Open Days

We hold Open Days for all our applicants throughout the year. Our Colchester Campus events are a great way to find out more about studying at Essex, and give you the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

If the dates of our organised events aren’t suitable for you, feel free to get in touch by emailing tours@essex.ac.uk and we’ll arrange an individual campus tour for you.

Applying

You can apply for this postgraduate course online. Before you apply, please check our information about necessary documents that we’ll ask you to provide as part of your application.

We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

For information on our deadline to apply for this course, please see our ‘how to apply’ information.

Colchester Campus

Visit Colchester Campus

Home to 15,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.

 

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.


Find out more

The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

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