Postgraduate taught 

Economics MRes

Student smiling on laptop

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.

  • MRes: 24 months full-time

Why this programme

Dr 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. 
  • Take advantage of our individualised skills development programme, which will ensure you balance academic theory with crucial employability skills to help you maximise your potential and achieve your career goals.

Adam Smith Business School is triple accredited

Programme structure

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. 

Core courses

  • Econometrics
  • 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.

Career prospects

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 2023-24

MRes

UK

  • Full-time fee: £10050

International & EU

  • Full-time fee: £22140

This is a two year programme. Students will be charged the same fee in each of the two years.

Additional fees

  • Fee for re-assessment of a dissertation (PGT programme): £370
  • Submission of thesis after deadline lapsed: £350
  • Registration/exam only fee: £170

Funding opportunities

MRes/PhD in Economics Studentship

The Adam Smith Business School offers a prestigious combined MRes/PhD training scheme in Economics. It starts with the 2 years MRes programme. Candidates who complete the MRes at a sufficiently high level will be given priority for admission into the 3-4 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 supervised independent research in a chosen field of economics, leading to a PhD. Funding is annually renewable and includes small teaching obligation starting from year 2.  

Note: You are required to attend a 2-week introductory course in mathematical methods before commencing the MRes programme.  

Presidents Fund - Edinburgh Association of University Women

The Presidents Fund has existed since 1951 and gives grants of varying amounts to assist women in their final year of study for a degree (postgraduate or undergraduate), who face financial hardship, in a University in the United Kingdom. 

Sustainability Scholarship

Finduddannelse.dk is a Danish platform for lifelong learning. 

The scholarship is open to all students from around the world, who are planning on or have started a Master’s that can help them make the world more sustainable.

Please see Finduddannelse.dk Sustainability Scholarship for more details.

You can also read more about the winner of Sustainability Scholarship 2021 here: Finalists & Winner of the 2021 Sustainability Scholarship

Snowdon Masters Scholarships

The Snowdon Masters Scholarships have been designed to identify and accelerate talented disabled individuals through higher education.

The scholarship has been designed to identify and accelerate talented disabled individuals through higher education.

The scholarship is aimed at;

  • Supporting brilliant students with the ability to create change and influence others
  • Provide funding for students with excellence in a field of study, within and beyond academia
  • Accelerate disabled students to become leaders and role-models
  • Provide opportunity for individuals with the drive and determination to succeed

Please see Snowdon Masters Scholarships website for more details.

EU Welcome Award

The University of Glasgow continues to be committed to ensuring a strong relationship with our existing and future EU students, and supporting EU talent to make their home at the University of Glasgow. 

We appreciate the challenging financial implications that have arisen as a result of Brexit, and are therefore delighted to offer the EU Welcome Award to new incoming EU students starting a postgraduate taught Masters programme for Academic Session 2022-23. The scholarship is awarded as a £5,000 tuition fee discount. This discount cannot be combined with another University scholarship.

Banco de Mexico

The Mexican National Bank (Banco de Mexico) provides special loans for students who wish to undertake a programme of postgraduate study. The University of Glasgow in partnership with Bank of Mexico FIDERH is offering a fee discount to holders of a Bank of Mexico FIDERH loan. See the FIDERH website for further information.

Erasmus+ Master Degree Loans

Erasmus+ Master Degree Loans are EU-guaranteed loans with favourable pay-back terms. They’re designed to help prospective students finance their Master’s courses in an Erasmus+ Programme country while leaving as little of a lasting economic footprint as possible.

The scheme is designed to provide postgraduate students with the means to pay their tuition and living expenses – thereby allowing individuals to focus on their degree instead of managing their bank balance. The programme aims to be as inclusive as possible, working under the following guidelines:

  • No need for collateral from students or parents - ensuring equality of access
  • Favourable, better-than-market interest rates
  • Pay-back terms that allow graduates up to two years to find work before beginning repayment.

Please visit the Erasmus+ Master Degree Loans website for more information.

Colfuturo Fundacion para el Futuro de Colombia

The University of Glasgow offer discounts to all successful Fundacion para el Futuro de Colombia (Colfuturo) scholars who enrol at the University of Glasgow to complete a postgraduate programme.

CONICyT (La Comsion Nacional de Investigacion Cientifica y Tecnologica de Chile)

The University of Glasgow offers a 25% discount to all successful CONICyT scholars who enrol at the University of Glasgow to complete a postgraduate programme.

CONACyT (Consejo Nacional de Ciencia y Tecnologia) / FUNED Agreement

CONACYT offers a non-refundable scholarship, a monthly stipend and medical insurance of an approximate total of $20,000 USD (in the case of the UK, no medical insurance grant is given since students are already covered by the National Health System) The University of Glasgow offer a 30% discount to all successful CONACyT scholars who enrol at the University of Glasgow to complete a postgraduate programme.

Postgraduate Student Loan (Scotland and EU)

Eligible full-time and part-time students, undertaking an eligible postgraduate course, can apply for a tuition fee loan up to a maximum of £5,500 towards their course. Eligible full-time postgraduate students can apply for a living-cost loan of up to £4,500.  

This support extends to online Masters or Postgraduate Diplomas, and not to the online Postgraduate Certificate courses.

For more information visit the SAAS website.

Postgraduate Tuition Fee Loans England only (PTFL)

If you’re an English student looking to study a taught Masters programme in Glasgow then you can apply for a student loan. Students from England are able to apply for a non-means tested Postgraduate Master’s Loan of up to £11,570 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.

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.

* does not apply to Erasmus Mundus programmes

Postgraduate Master's Finance

If you’re starting a full-time or part-time Postgraduate Master’s course (taught or research based) from 1 August 2019, you can apply for Postgraduate Master's Finance and receive up to £17,000 as a combination of grant and loan:

  • a maximum grant of £6,885 and loan of £10,115 if your household income is £18,370 and below
  • a grant of £1,000 and loan of £16,000 if your household income is not taken into account or is above £59,200.

For more information visit Student Finance Wales

Postgraduate Doctoral Loan

If you’re starting a full-time or part-time postgraduate Doctoral course (such as a PhD) from 1 August 2019 you can apply for a Postgraduate Doctoral Loan of up to £25,700.

For more information visit Student Finance Wales

Alumni Discount

In response to the current unprecedented economic climate, the University is offering a 20% discount on all Postgraduate Research and full Postgraduate Taught Masters programmes to its alumni, commencing study in Academic session 2022/23. 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. This discount can be awarded alongside most University scholarships.

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 www.studentfinanceni.co.uk/types-of-finance/postgraduate .

* does not apply to Erasmus Mundus programmes

Clark (Mile-End) Bursary Fund

The Clark (Mile-End) Bursary Fund is a charitable endowment which was established in 1868 by a Victorian philanthropist by the name of John Clark. He was a thread manufacturer and prominent citizen from Paisley. The fund is now governed by Rules laid down in a 1974 Scheme (as varied with the consent of the Office of the Scottish Charity Regulator in 2013).

Please see the Clark (Mile-End) Bursary Fund for more information.

Sanctuary Scholarships

The University of Glasgow is offering up to 20 Sanctuary Scholarships for applicants to the University who are in the UK on humanitarian grounds and are facing challenges in progressing onto Higher Education. The scholarship is open to prospective undergraduate and postgraduate taught students at the University of Glasgow applying for entry in September 2023/24.

The scholarship will meet the cost of tuition fees for the duration of your programme, for those applicants who are unable to cover full tuition fees through access to public funds by applying to SAAS or Student Finance. The Sanctuary Scholarship also provides a £5,000 per year stipend, to assist with study costs. In addition, if the eligibility criteria for university accommodation is met, this will also be provided for the duration of your degree, if required. For more information on the accommodation criteria, please see the Accommodation Services section on the website.

The Clan Gregor Society Prize

The Clan Gregor Society is offering an award to new entrants to the University of Glasgow who descend from Clan Gregor. Prospective students will be asked to submit an application highlighting areas of consideration such as academic excellence and financial need. The award is open to both Undergraduate and Postgraduate applicants for 2022 entry.

Flywire Charitable Foundation Academic Scholarships

The Flywire Charitable Foundation is offering 8 scholarships to students for the coming academic year. The scholarships are across the following themes: global health, global citizenship, social justice and environmental sustainability.

Please see Flywire Charitable Foundation Scholarships for more details.

The scholarships above are specific to this programme. For more funding opportunities search the scholarships database

Entry requirements

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)

  • 6.5 with 2 sub-tests at 6.5 and 2 sub-tests at 6.0.
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test.

Common equivalent English language qualifications

All stated English tests are acceptable for admission to this programme:

TOEFL (ibt, my best or athome)

  • 90 with minimum R 20, L 19, S 19, W 23.
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test, this includes TOEFL mybest.

PTE (Academic or Academic Online)

  • 60 with minimum 59 in all subtests.
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test.

Cambridge Proficiency in English (CPE) and Cambridge Advanced English (CAE) 

  • 176 overall, no subtest less than 169
  • Tests must have been taken within 2 years 5 months of start date. Applicants must meet the overall and subtest requirements using a single test.

Glasgow International College English Language (and other foundation providers)

  • 65%.
  • Tests are accepted for academic year following sitting.

University of Glasgow Pre-sessional courses

  • Tests are accepted for 2 years following date of successful completion.

Alternatives to English Language qualification

  • Degree from majority-English speaking country (as defined by the UKVI including Canada if taught in English)
    • students must have studied for a minimum of 2 years at Undergraduate level, or 9 months at Master's level, and must have complete their degree in that majority-English speaking country and within the last 6 years
  • Undergraduate 2+2 degree from majority-English speaking country (as defined by the UKVI including Canada if taught in English)
    • students must have completed their final two years study in that majority-English speaking country and within the last 6 years

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 UKVI approved Secure English Language Tests (SELT) but we do not require a specific UKVI SELT for degree level programmes. We therefore still accept any of the English tests listed for admission to this programme.

Pre-sessional courses

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:

 

For further information about English language requirements, please contact the Recruitment and International Office using our enquiry form

International students

We are proud of our diverse University community which attracts students and staff from over 140 different countries.

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.

Application deadlines

September 2023

March 2023: First round of awards

Candidates who apply for the Economics MRes by Wednesday 1 March 2023 will be considered for the scholarship in the second half of March. Candidates will be informed of the outcome by email by Wednesday 29 March 2023 . Those who are unsuccessful will not be considered again.

May 2023: Second round of awards

Candidates who apply for the Economics MRes by Monday 1 May 2023 will be considered for the 2nd round of the award for the remaining scholarships. Candidates will be informed of the outcome by email by Monday 29 June 2023.

Late applications

Candidates who submit their applications after 1 May 2023 may be considered for an award if one becomes available.

Apply now

More information about this programme

Graduate Award