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.
- 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.
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 2020-21
Home and EU
- Full-time fee: £8500
- Full-time fee: £18370
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: £340
- Registration/exam only fee: £160
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. This course starts on 7 September 2020.
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.
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 2020 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.
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.
Snowdon Masters Scholarships
Snowdon Masters Scholarships give a small number of exceptionally talented disabled people an opportunity to flourish and achieve their true potential.
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.
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. This discount can be awarded alongside other University scholarships.
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.
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.
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
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.
The Clan Gregor Society Prize
The Clan Gregor Society are 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.
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 support
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 to us for a living-cost loan of up to £4,500.
Please see the Postgraduate funding guide.
For more information visit the SAAS website
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
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.
The University of Glasgow is offering four 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 taught students of the University of Glasgow applying for entry in 2020. The scholarship meets the full cost of tuition fees for the duration of your programme as well providing an additional £5,000 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 four 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.
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 using our enquiry form
For further information about English language requirements, please contact the Recruitment and International Office using our enquiry form
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 for PG Taught programmes commencing September 2020 have been extended, where vacancies are available:
- International applicants: 10 August 2020 (Exceptions apply for certain high demand programmes.)
- UK/EU applicants: 31 August 2020
Application deadlines for PG Taught programmes now commencing November 2020 have been extended, where vacancies are available:
- International applicants: 28 September 2020 (Exceptions apply for certain high demand programmes.)
- UK/EU applicants: 19 October 2020
Application deadlines for PG Taught programmes now commencing January 2021 have been extended, where vacancies are available:
- International applicants: 27 November 2020 (Exceptions apply for certain high demand programmes.)
- UK/EU applicants: 15 December 2020