MSc Econometrics and Mathematical

Economics
Duration: Two year - 22 months full time

Intake/applications in 2009: 18/282

Minimum entry requirement: First class honours degree or equivalent with strong quantitative background
including linear algebra and multivariate calculus. Some coursework in econometrics and economics is desirable

English requirement: Standard

GRE/GMAT requirement: All graduates of non-UK institutions must submit a GRE score no more than five years
old

Fee level: One year/research £20,496; two year (preliminary year only) £15,888

Financial support: Graduate Support Scheme (see Fees and financial support). This is an ESRC approved
research training programme (see www.esrc.ac.uk)

Application deadline: None – rolling admissions

Studying at LSE
These programmes are based in the Department of Economics and offer the following benefits:

 Study in one of the largest economics departments in the world, renowned for its research and
contributions to the development of the subject area.
 Our former students are employed as economists in a wide range of national and international
organisations in government, international institutions, business and finance.
 Approximately one third of students proceed to PhD programmes at LSE or other leading universities.

About the MSc programme

These MSc programmes are designed to meet the needs of those who wish to take a more mathematical approach
to economics. They have proved popular with mathematicians, statisticians, physical scientists and engineers
converting to economics, as well as to graduate economists.

The structure of the programmes is flexible, and allows you to specialise to some extent in either econometrics or
economic theory, or a mixture of the two. The level of the material covered is perhaps higher than for any other
master's degree internationally in this area, and the programmes have a long standing international reputation,
listing numerous distinguished economists and econometricians among their graduates.

All graduates of non-UK institutions must have taken the GRE General Test no more than five years before
applying, and must include the test scores with their application. Please see Admissions Enquiries System. We do
not require a specific mark but the test gives us an indication of aptitude for economics. Typically we expect
candidates to score over 780 in the quantitative section of the test. A higher score will count in your favour, but
other information, such as grades and references will matter more in the overall evaluation. We recognise that if
your first language is not English, the verbal test will present special difficulties and we view your score on that
basis.

The preliminary year of the two year route is designed for students with high academic ability but lacking a sufficient
background in economics, econometrics, statistics or mathematics. Its purpose is to enable students to develop
their skills to the point where they are eligible for progression to the MSc in Econometrics and Mathematical
Economics.

The preliminary year consists of compulsory courses in Econometric Theory and Microeconomics, and a further
course from a choice of: (a) Mathematical Methods, (b) Probability, Distribution Theory and Inference and (c)
Economic Theory and its Applications. Students who successfully complete the examinations in the preliminary
year will be awarded a Diploma in Econometrics and Mathematical Economics, and those meeting the required
standard will be permitted to proceed to the final year of the programme.

Students are required to attend the Introductory Course in Mathematics and Statistics before the main teaching
programme starts in October.

Course 1

 Econometric Analysis

Course 2

 Advanced Microeconomics or Microeconomics for MRes Students (the latter with permission of the course
tutor)

Courses 3 and 4

(* half unit)

Choose a total of two units from the following:

 Macroeconomics for MRes Students (with permission of the course tutor and not in conjunction with
Microeconomics for MRes Students)
 Quantitative Economics
 Contracts and Organisations
 Topics in Advanced Econometrics
 A course from the list of MSc Economics option papers with the approval of the programme director

Approved statistics and/or mathematics courses to the value of one unit:

 Stochastic Processes*
 Regression, Diagnostics and Generalised Linear Modelling*
 Non-Linear Dynamics and the Analysis of Real Time Series*
 Developments in Statistical Methods*
 Time Series*

Other courses in statistics or mathematics may be selected with the approval of the programme director.
MSc Economics
Duration: Two year - 22 months full-time. Part-time only in exceptional circumstances

Intake/applications in 2009: 120/1,044

Minimum entry requirement: Two year – a first class honours degree with two semesters of college-level
calculus or equivalent

English requirement: Standard

GRE/GMAT requirement: Two year – all applicants must submit a GRE score. GRE scores must be no more than
five years old

Fee level: One year/research £20,496; two year (preliminary year only) £15,888

Financial support: Graduate Support Scheme (see Fees and financial support). This is an ESRC approved
research training programme, see www.esrc.ac.uk

Application deadline: None – rolling admissions

Studying at LSE
These programmes are based in the Department of Economics and offer the following benefits:

 Study in one of the largest economics departments in the world, renowned for its research and
contributions to the development of the subject area.
 Our former students are employed as economists in a wide range of national and international
organisations in government, international institutions, business and finance.
 Approximately one third of students proceed to PhD programmes at LSE or other leading universities.

About the MSc programme

The MSc Economics is intended to equip you with the main tools of the professional economist, whether you intend
working in government, international organisations or business. As such, the degree concentrates on the core
elements of economic theory and econometrics. Although extensive use is made of mathematics, this is primarily to
facilitate analysis (if you are interested in a more mathematically oriented course you should apply for the MSc
Econometrics and Mathematical Economics).

To succeed on the programme you need to prove that you can work to a high standard and have excellent
analytical ability; the core economics and econometrics courses assume a knowledge of constrained optimisation,
matrix algebra and basic statistics.

The preliminary year of the two year route is designed to give students with a sound quantitative background the
opportunity to acquire the foundation in economic theory and techniques that would make them eligible for
progression to the MSc in Economics.

The preliminary year will give students the opportunity to:

 acquire a solid foundation in economics and quantitative techniques

 earn the Diploma in Economics
 progress to the final year of the MSc in Economics, or to other related MSc programmes, subject to
performance and programme prerequisites.
 prepare for a career as an economist.
To be eligible to apply for the two year route, a student should have a strong academic qualification with emphasis
on quantitative subjects. We give detailed attention to transcripts and look for strength in mathematics and statistics
especially.

All applicants must have taken the GRE General Test no more than five years before applying, and must include
the test scores with their application. Please seeAdmissions Enquiries System. Typically we expect candidates to
score 780 or higher in the quantitative section of the test and 5.0 or higher in the analytical section. W e recognise
that if the applicant's first language is not English, the verbal test will present special difficulties and we take that
into account when assessing the score.

Students who have not previously studied economics are required to first take LSE Summer School courses in
introductory macroeconomics and introductory microeconomics. Alternatively, such students may arrange to take
equivalent courses elsewhere, subject to obtaining prior confirmation that the proposed courses are acceptable to
us.

The preliminary year consists of examined intermediate level courses to the value of four full units.

Compulsory courses

(* half unit)

 Microeconomic Principles I or Microeconomic Principles II

 Macroeconomic Principles
 Mathematical Methods or Further Mathematical Methods (Calculus)* and Further Mathematical Methods
(Linear Algebra)*
 Introduction to Econometrics or Principles of Econometrics

Students are required to attend the Introductory Course in Mathematics and Statistics before the main teaching
programme starts in October.

Compulsory courses

 Macroeconomics for MSc students

 Microeconomics for MSc students or (with permission) Advanced Microeconomics
 Methods of Economic Investigation

Options

Choose one from the following:

 International Economics
 Labour Economics
 Monetary Economics
 Public Economics
 Economics of Industry
 Development and Growth
 Capital Markets
 Political Economy
 Topics in Quantitative Economic History
 History of Economics: From Moral Philosophy to Social Science
 Contracts and Organisations

A dissertation is required as part of the assessment of the option course.