This two-year programme provides rigorous mathematical training in modern economics. It will equip you with a thorough understanding of the research tools and techniques, both theoretical and empirical, required for the analysis of economics.
Why this programmeDr John Levy and students provide an overview of the MRes Economics programme
- This MRes is distinctive in its two-year programme structure and will provide you with comprehensive foundational training in economics. It is modelled on the established tradition of US universities providing thorough PhD preparation.
- It is ideally suited if you have a quantitative background, but limited exposure to economic ideas, or if you have a background in economics and are interested in developing this knowledge in line with the current standards of economics research.
- It includes extensive training in qualitative research methods of mathematics, statistics and econometrics, as well as the mathematical treatment of the core areas of economics.
- Our staff members are research-active economists, who publish regularly in leading professional journals such as Econometrica, Theoretical Economics, the Economic Journal, and the Review of Economic Dynamics.
- You will have the opportunity to join the Economics Group, which is a vibrant postgraduate research community that runs a series of seminars dedicated to different subjects within economics. The group also hosts workshops and conferences, and attracts international research visitors of world-leading quality.
During the first two weeks you will take a pre-sessional mathematics course. This ensures that you all begin the programme on the same mathematical footing. In year one you will receive comprehensive research-oriented training in research methods and the core areas of economics. You will also receive advanced training in research design and complete an independent summer research project under academic supervision.
After year one of this programme you will have the option to graduate with an MSc Quantitative Economics, or continue to year two which will focus on the specialised fields of applied economics; preparing you for your PhD.
In year two you will take optional courses in your chosen subfield of specialisation, as well as work on a dissertation that will lead to your PhD proposal (should you decide to proceed further onto a PhD in Economics). Teaching will be in the format of lectures, tutorials and seminars, with work on research projects.
- Macroeconomics 1
- Macroeconomics 2
- Microeconomics 1
- Microeconomics 2
- Quantitative methods.
Optional courses may include
- Behavioural economics
- Contract theory
- Decision theory
- Economic growth: Theory and numerical solution methods
- Game theory
- Industrial organisation
- International macroeconomics
- Market microstructure
- Methods of economic dynamics
- Microfoundations of macroeconomics
- Networks and games
- Time series analysis
- Welfare and mechanism design.
Programme alteration or discontinuation
The University of Glasgow endeavours to run all programmes as advertised. In exceptional circumstances, however, the University may withdraw or alter a programme. For more information, please see: Student contract.
This programme provides you with thorough preparation for PhD research, and completion at a sufficiently high level guarantees admission into the Glasgow Economics PhD programme. You will also be extremely well-positioned to be accepted for PhD study in other universities. Upon completion of the programme you will be equipped to pursue careers in academia, government, industry or consulting. We have a dedicated careers and employability team who provide 1-2-1 support and advice, group workshops, employer events on campus and networking opportunities throughout the year to help you with your career prospects.
Fees & funding
Tuition fees for 2019-20
Home and EU
- Full-time fee: £8000
- Full-time fee: £17620
This is a two year programme. Students will be charged the same fee in each of the two years.
Fee information is subject to change and is for guidance only
- Fee for re-assessment of a dissertation (PGT programme): £360
- Submission of thesis after deadline lapsed: £320
- Registration/exam only fee: £150
MRes/PhD in Economics Studentship
The Adam Smith Business School offers a prestigious, combined MRes/PhD Economics scheme. The 2 years MRes programme is normally followed by the 3 years PhD stage. The University of Glasgow will fund up to six studentships covering tuition fees and a stipend for up to five years to enable students to receive comprehensive MRes (pre-PhD) training and to subsequently undertake research in a chosen field of economics, leading to a PhD. Note: You are required to attend a 2-week introductory course in mathematical methods before commencing the MRes programme. This course starts on 2 September 2019.
ESRC SDS Collaborative Studentship: Explaining employer engagement with apprenticeships
Available to study a PhD in the Adam Smith Business School in the College of Social Sciences under the supervision of Professor Melanie Simms (Management, Adam Smith Business School)
Level of Study PhD (or 1+3 – Masters then a PhD)More Information
Spotcap Fintech Fellowship
Running for its third consecutive year, the Fellowship awards one UK-based master’s or MBA student with an £8,000 scholarship. Launched in 2017, the initiative aims to encourage aspiring individuals interested in a career in financial technology — a relatively new sector which is increasingly struggling to attract qualified talent.More Information
This year, in partnership with the British Council and the GREAT Britain Campaign, the University of Glasgow will be offering one scholarship covering full tuition to students in Turkey applying for a taught postgraduate programme.More Information
Postgraduate Student Loan (NI)
If you are a Northern Irish student looking to study a taught Masters programme* in Glasgow then you can apply for a student loan in exactly the same way as you would for a University in Northern Ireland.
Northern Irish students are able to apply for non-means-tested tuition fee loans of up to £5,500, to help with the costs of funding
For more information visit
* does not apply to Erasmus Mundus programmesMore Information
Postgraduate Talent Scholarships
The University of Glasgow awards Postgraduate Talent Scholarships each academic year to support students who could face financial difficulties in taking up their place to study at the University. The value of each scholarship is £2,000 and they are for students undertaking a one or two year Taught Masters programme, in any of the University’s Colleges. For two year Taught Masters programmes, the scholarship is available in year one only.More Information
PGT Excellence Scholarship
The University of Glasgow has a total of 28 PGT Excellence Awards available to UK and EU Students. Scholarships are available to students entering any of the University’s colleges and are awarded as a tuition fee discount.More Information
Sir Fitzroy Maclean Postgraduate Scholarship
The University of Glasgow is pleased to award a Sir Fitzroy Maclean Postgraduate scholarship available to new students, from one of the eligible countries, for September 2019 entry.
Sir Fitzroy Maclean was a Scottish soldier, author and politician. Awarded an Honorary degree of DLitt from the University in 1969, Sir Fitzroy Maclean had a long relationship with the University before he died in 1996. This scholarship was established with respect to Sir Fitzroy’s interests and passions.
The Scholarship will be awarded as a tuition fee discount and stipend.More Information
The University offers a 10% discount on all Postgraduate Research and full Postgraduate Taught Masters programmes to its alumni. This includes University of Glasgow graduates and those who have completed a Study Abroad programme or the Erasmus Programme at the University of Glasgow. The discount applies to all full-time, part-time and online programmes.More Information
Postgraduate Tuition Fee Loans England only (PTFL)
If you’re starting a master’s degree, you could get a Postgraduate Master’s Loan of up to £10,609 to help with course fees and living costs. You have to repay your Postgraduate Master’s Loan at the same time as any other student loans you have. You’ll be charged interest from the day you get the first payment.
If you’re studying by distance learning, you can also apply.
Examples of postgraduate master’s qualifications include:
- MSc (Master of Science)
- MA (Master of Arts)
- MPhil (Master of Philosophy)
- MRes (Master of Research)
- LLM (Master of Law)
- MLitt (Master of Letters)
- MFA (Master of Fine Art)
- MEd (Master of Education)
- MBA (Master of Business Administration)
If you plan to study for Master of Architecture (MArch) or an Integrated Master’s qualification, you should apply for undergraduate supportMore Information
Wheatley Foundation Bursary
A Wheatley Foundation bursary is a grant that customers living in our homes can apply for to support them to achieve their educational goals and help them on the career path they wish to undertake. It will also aim to offer employability support like CV support and internships where appropriate. A bursary award can support you for the costs of books, equipment, travel costs, childcare or other living costs that will help you to complete a course.More Information
Postgraduate Student Loan (Scotland and EU)
From session 2018-2019 eligible full-time students, undertaking an eligible postgraduate course, can apply for a tuition fee loan up to a maximum of £5,500. Eligible part-time students can apply for a tuition fee loan up to a maximum of £5,500 for the course, split across each year of their course, where the course does not take any longer than twice the length of the full-time equivalent course.
From session 2018-2019, new students will be eligible to apply for support to undertake postgraduate diploma and full masters’ level courses via distance learning.
Please see the Postgraduate funding guide.
For more information visit the SAAS websiteMore Information
Postgraduate Loans for Welsh Students
If you are a Welsh student looking to study a postgraduate programme in Glasgow then you can apply for a student loan in exactly the same way as you would for a Welsh University.
Postgraduate Masters Loan
If you’re starting a masters degree*, you could get a Postgraduate Masters Loan of up to £10,280 to help with course fees and living costs.
* does not apply to Erasmus Mundus programmes
For more information visit Student Finance Wales
Postgraduate Doctoral Loan
If you’re starting a doctoral degree on or after 1 August 2018, you could get a Postgraduate Doctoral Loan of up to £25,000 to help with course fees and living costs.
For more information visit Student Finance Wales
The University of Glasgow is offering 4 scholarships (one per college) for applicants to the University who are staying in the UK on humanitarian grounds and are facing challenges in progressing onto Higher Education. The scholarship is open to prospective undergraduate and postgraduate students of the University of Glasgow applying for entry in 2019. The scholarship meets the full cost of tuition fees for the duration of your programme as well providing an additional £4,000 per year stipend, if the eligibility criteria for university accommodation is met this will also be provided for the duration of your degree. For more information on the accommodation criteria please see the Residential Services section on the website.
We are also offering 4 scholarships to students who hold refugee status. This scholarship is awarded as a £5,000 per year stipend toward living costs per year of study.More Information
The scholarships above are specific to this programme. For more funding opportunities search the scholarships database
2.1 Honours degree or non-UK equivalent in economics or related subject with substantial technical component (e.g. mathematics, statistics, physics, engineering) You will also need to submit a personal statement which clearly evidences a strong desire to pursue an academic career in economics and show evidence of exposure to multivariable calculus, matrix algebra and basic probability/statistics. Only academic references will be accepted. Referees will know the applicants in the capacity of students/researchers, not from internship or work in private/public sector. Applicants are encouraged to submit any additional (academic) documents they believe will support their application.
English language requirements
For applicants whose first language is not English, the University sets a minimum English Language proficiency level.
International English Language Testing System (IELTS) Academic module (not General Training):
- overall score 6.5
- two sub-tests no less than 6.5, no sub-test less than 6.0
- or equivalent scores in another recognised qualification:
Common equivalent English language qualifications
All stated English tests are acceptable for admission for both home/EU and international students for this programme:
- ibTOEFL: 90; no sub-test less than:
- Reading: 20
- Listening: 19
- Speaking: 19
- Writing: 23
- CAE (Cambridge Certificate of Advanced English): 176 overall; no sub-test less than 169
- CPE (Cambridge Certificate of Proficiency in English): 176 overall; no sub-test less than 169
- PTE Academic (Pearson Test of English, Academic test): 60; no sub-test less than 59
- Trinity College London Integrated Skills in English: ISEII at Distinction with Distinction in all sub-tests
For international students, the Home Office has confirmed that the University can choose to use these tests to make its own assessment of English language ability for visa applications to degree level programmes. The University is also able to accept an IELTS test (Academic module) from any of the 1000 IELTS test centres from around the world and we do not require a specific UKVI IELTS test for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.
The University of Glasgow accepts evidence of the required language level from the English for Academic Study Unit Pre-sessional courses. We also consider other BALEAP accredited pre-sessional courses:
- School of Modern Languages and Cultures: English for Academic Study
- BALEAP guide to accredited courses
What do I do if...
my language qualifications are below the requirements?
The University's English for Academic Study Unit offers a range of Pre-Sessional Courses to bring you up to entry level. The course is accredited by BALEAP, the UK professional association for academic English teaching; see Links.
my language qualifications are not listed here?
Please contact the Recruitment and International Office: firstname.lastname@example.org
For further information about English language requirements, please contact the Recruitment and International Office: email@example.com
We are proud of our diverse University community which attracts students and staff from over 140 different countries. Find out more about visa requirements, and the support we offer:
How to apply
We ask that you apply online for a postgraduate taught degree. Our system allows you to fill out the standard application form online and submit this to the University within 42 days of starting your application.
You need to read the guide to applying online before starting your application. It will ensure you are ready to proceed, as well as answer many common questions about the process.
In addition to the standard documents, you should also include an academic CV, along with a short description (no more than 1000 words) of your academic economics background and training to date. This should include a list of grades achieved in economics, mathematics, statistics and cognate courses, and a brief summary of the content of these courses including the main textbooks used and where the study was undertaken.
Standard application deadlines
- International applications (non-EU): 21 July 2019
- UK and EU applications: 25 August 2019
Classes start September 2019 and you may be expected to attend induction sessions the week before.Apply now
More information about this programme