Postgraduate Course

MSc Economics, Computation and Game Theory

MSc Economics, Computation and Game Theory

Overview

The details
Economics, Computation and Game Theory
October 2020
Full-time
1 year
Colchester Campus
Economics

Course subject to final approval

If you are looking to learn and apply game theoretic and computing techniques in areas such as software development and cryptocurrencies, our MSc Economics, Computation and Game Theory is for you. The Department of Economics and the School of Computer Science and Electronic Engineering have created a joint course that allows you to develop the economic and computational tools and methodologies to contribute to some of the most exciting new sectors in the economy.

We teach you the essentials of game theory, so you can build a grounding to analyse decision making and consider system designs complemented by the programming skills you need to apply them to emerging sectors. We then broaden the study to a series of applications that allow you to see how computational and economic techniques can be combined in such diverse areas as app design, block chains, and machine learning as well as even wider areas of application such as market structure and competitive behaviour, international trade, and banking.

Our MSc Economics, Computation and Game Theory allows you to build a theoretical understanding of how to approach economic problems, together with computational skills, with the opportunity of applying these research skills in applications by studying topics such as:

  • Computational Methods in Agent-Based Economics
  • Big Data and Machine Learning
  • Financial Economics and Block Chains

With this course you also have the opportunity to study abroad at one of our partner institutions and achieve a dual award, which means you’ll receive two Masters degrees in two years. Find out more on our dual award webpage.

Why we're great.
  • Our Economics Department is in the top 5 in the UK for research. Over 90% of our research is rated as “world-leading” or “internationally excellent” (REF 2014)
  • We are University of the Year 2018 (THE 2018)
  • Gold for teaching excellence (TEF 2017)
THE Awards 2018 - Winner University of the Year

Our expert staff

Study and work alongside some of the most prominent social scientists 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 staff pages in Economics and Computer Science and Electronic Engineering.

Specialist facilities

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

Alternatively, you may choose to initiate your professional career. Our course will prepare 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 and CSEE graduates have gone on to work for a range of high-profile organisations like The Bank of England and HSBC.

We also work with the university’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

Entry requirements

UK entry requirements

A degree with an overall 2.2 in a discipline related to economics such as: Economics, Maths, Engineering, Finance, Physics or any other degree with a strong maths component.

The Degree should contain some economics components including Macroeconomics; Microeconomics or Econometrics.

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 6.0 overall with a minimum component score of 5.5

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

Additional Notes

The University uses academic selection criteria to determine an applicant’s ability to successfully complete a course at the University of Essex. Where appropriate, we may ask for specific information relating to previous modules studied or work experience.

Structure

Example structure

Our course is structured to combine theory, methods and applications in different departments with special emphasis in decision theory. A combination of compulsory and optional modules gives you a flexible structure. Below is just one example structure from the current academic year of a combination of modules you could take. Your course structure could differ based on the modules you choose.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore all modules listed are subject to change. View the compulsory modules and full list of optional modules currently on offer, please view the programme specification via the link below.

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.

Mathematical Methods

What mathematical concepts are vital to understanding modern economic theory? Gain the essential mathematics skills needed to study economics at Masters-level, such as optimisation theory and the role of equilibrium. Understand how economic arguments work and improve your problem solving skills by using real-world economic problems.

View Mathematical Methods on our Module Directory

Microeconomics

What are the concepts and methods of modern microeconomics? And how can you apply economic reasoning to this? Understand the main principles and theories of modern microeconomics, looking at topics like contract theory, equilibrium concepts in game theory, and market signalling. Learn to apply economic reasoning to these arguments.

View Microeconomics on our Module Directory

Game Theory and Applications

What are the main game theory concepts in modern economics? And how do you apply such models in the world today? Understand game theory methodology and learn how to formulate models for various socio-economic phenomena, such as industrial organisation, public goods, bargaining, and labour markets.

View Game Theory and Applications 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

Introduction to Programming in Python

The aim of this module is to provide an introduction to computer programming for students with little or no previous experience. The Python language is used in the Linux environment, and students are given a comprehensive introduction to both during the module. The emphasis is on developing the practical skills necessary to write effective programs, with examples taken principally from the realm of data processing and analysis. You will learn how to manipulate and analyse data, graph them and fit models to them. Teaching takes place in workshop-style sessions in a software laboratory, so you can try things out as soon as you learn about them.

View Introduction to Programming in Python on our Module Directory

Banking (optional)

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 (optional) on our Module Directory

Economics of Financial Markets (optional)

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 (optional) on our Module Directory

Topics in Financial Economics (optional)

How do you raise funds to maintain a firm’s activity? And who should control the firm? Cover a wide variety of topics in corporate finance, including asset pricing algebra, mergers, market structure, and corporate finance problems related to corporate governance.

View Topics in Financial Economics (optional) on our Module Directory

Computational Methods in Agent Based Economics and Policy Simulation (optional)

Learn to develop software for agent based economics and policy simulation. This module will train you in Java and Matlab programming alongside applications to ACE, GUI design, and more advanced threading mechanisms. You’ll gain hands on experience in laboratory sessions, and will equip yourself with computational programming and modelling techniques, which can be applied to building large scale data based driven flow of funds and financial network type agent based macro-economic models.

View Computational Methods in Agent Based Economics and Policy Simulation (optional) on our Module Directory

Behavioural Economics II: Games and Markets (optional)

What happens when classic economic theory doesn’t predict empirically observed behaviour? Can behaviour economics help? Study strategic interactions and markets using behavioural economics to reconcile empirical findings with theoretical models. Gain an understanding of experimental methods used in behavioural economics.

View Behavioural Economics II: Games and Markets (optional) on our Module Directory

Theory of Industrial Organisation (optional)

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 (optional) on our Module Directory

The Economic Geography of Employment, Innovation and Trade (optional)

What are the economics of international trade? And why is this important? Understand the principles that determine international trade and study a range of trade models. Learn how to carry out advanced research or work as a policy advisor on issues related to international trade.

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

Fees and funding

Home/EU fee

£11,820

International fee

£18,460

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.

2019 Open Days (Colchester Campus)

  • Saturday, October 26, 2019
  • Wednesday, March 18, 2020

Applying

You can apply for our postgraduate courses online. You’ll need to provide us with your academic qualifications, as well as supporting documents such as transcripts, English language qualifications and certificates. You can find a list of necessary documents online, but please note we won’t be able to process your application until we have everything we need.

There is no application deadline but we recommend that you apply before 1 July for our taught courses starting in October. We aim to respond to applications within two weeks. If we are able to offer you a place, you will be contacted via email.

Colchester Campus

Visit Colchester Campus

Home to over 13,000 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.

The University makes every effort to ensure that this information on its course finder is accurate and up-to-date. Occasionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or 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 prospective 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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