Economics and Business Strategy MSc

Entry requirements:
2:1 +
Full-time:
1 year
Part-time:
Not available
Start date:
October 2018
UK/EU fees:
£12,850
International fees:
£19,500
Location:
Loughborough

Achievements

8th

for Economics

The Times and Sunday Times University League 2017

Top 1%

of business schools in the world to hold AACSB, EQUIS and AMBA accreditation

75%

of our Business and Management research is rated as 'world leading' or 'internationally excellent'

REF 2014

Overview

Our MSc Economics and Business Strategy programme will equip you with sought after skills in economics and strategy that will enable you to build a successful and rewarding career both in business and policymaking.

Our MSc in Economics and Business Strategy will equip you with the tools of economics and strategy to influence business performance and to improve strategic thinking and decision-making in a competitive business environment.

You will be taught by experienced researchers that will guide you in using insights from economic theory to address real-world problems. There is a strong emphasis on applying theoretical and quantitative skills to real world situations – as well as a focus on developing critical thinking skills which will open up career opportunities in business, consulting, government and international organisations or as an academic economist.

You will be taught by academics with research expertise in competition, regulation and strategy and in key industries such as banking, finance, energy, water and pharmaceuticals. Our Professors and lecturers are engaged in research on topical issues such as industry performance and productivity, consumer choices, renewable energy and storage, innovation and patents.

You will have the opportunity to develop an individual research project addressing real life business and policy issues.

What makes this programme different?

  • Scholarships available for the best candidates
  • Gain the tools to influence business performance
  • Opportunity to develop an individual research project
  • Address real life business and policy issues
  • Taught by leading academics

Who should study this programme?

Our MSc Economics and Business Strategy programme is ideal for graduates interested in careers in business, consulting, government and international organisations or as an academic economist. You will learn how to apply knowledge of economics and strategy to influence business performance and to improve strategic thinking and decision-making in a competitive business environment.

An honours degree (2:1 or above) or equivalent overseas qualification in economics, finance, business, management, management science, operations research, or related disciplines. Applicants from other disciplines will also be considered provided that your degree includes at least introductory modules in economics and an introduction to quantitative subjects such as calculus and statistics.

See our full list of International Qualification Equivalencies for all countries. Degrees must be obtained from a university or institution recognised by Loughborough University. Please contact us to clarify if required.

All applicants for admission to Loughborough University must have a qualification in English Language before they can be admitted to any course or programme, whether their first language is English or not.

IELTS: overall 6.5 with minimum 6.0 in each component. The School will accept lower IELTS scores if you undertake the University's pre-sessional English course. TOEFL with an overall score of 92, and no sub-test score below 22.

See full list of English language qualifications we accept, with full details on each.

What you'll study

Our Economics and Business Strategy MSc is designed to equip you with the appropriate tools to allow you to understand and analyse contemporary issues in economic policy and business strategy.

Modules

This programme covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module.

Semester 1

This module provides an introduction to important topics in microeconomic theory that are relevant for applications such business strategy, policy and regulation. Students are provided with a grounding in the analytical methods required to understand the topics taught in the optional modules.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

The module introduces the main principles and analytical techniques used in industrial organisation and game theory, which are exploited to assess of business strategy and policy.

Assessment

The module is assessed by 30% coursework and 70% exam, but the university reserves the right to alter this.

This module provides students with statistical and econometric techniques required to analyse economic data and test some of the most influential economic theories.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module enhances students’ skills in communicating research ideas and economic arguments to academic and non-academic audiences. Students learn how to use online literature databases, formulate research proposals, review any literature by critical constructive synthesis and make oral presentations.

Assessment

The module is assessed 100% by coursework, but the university reserves the right to alter this.

Optional modules (choose one)

This module teaches macroeconomic theory and models, with applications to the financial system and markets. Students learn about the role of economic policies in producing and sustaining economic growth and financial stability of an economy.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

This module covers the fundamental concepts of financial economics, and teaches students how to model investor behaviour under conditions of uncertainty. Students learn how to apply and interpret asset pricing models and evaluate capital market efficiency.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Semester 2

The module explores the key theoretical principles used in corporate strategy to identify the ways in which economic concepts can inform the real-world management decisions of complex businesses and organisations.

Assessment

The module is assessed by 30% coursework and 70% exam, but the university reserves the right to alter this.

This module familiarises students with the statistical techniques used in microeconomic data analysis and to evaluate business performance and its determinants, as well as assessing the impact of government policy and business strategy on business performance.

Assessment

The module is assessed by 40% coursework and 60% exam, but the university reserves the right to alter this.

Analytics techniques designed to tackle complex policy and strategic issues are introduced. It covers approaches designed to explain the behaviour of complex social systems or assess the consequences of complex decisions, in order to provide the levers for policy and strategy making in a variety of sectors.

Assessment

Typically this module is assessed by 50% coursework / 50% exam, although the university reserves the right to alter this.

Optional modules (choose one)

This module focuses on modern theories of corporate finance and students are taught how such theories can be applied to understand the financing and investment decisions of companies, particularly those quoted on global stock exchanges.

Assessment

The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

The module explores the key economic principles in international business, international trade and international economic relations. This involves the students in acquiring the economic skills and techniques typically used in the analysis and evaluation of international business strategy.

Assessment

The module is assessed by 30% coursework and 70% exam, but the university reserves the right to alter this.

Students learn about the issues associated with implementing an analytics capability in organisations where topics on how to develop an analytics strategy, how to embed analytics in organisational processes to ensure they deliver value, and how to deploy analytics throughout the organisation to improve decision making are covered.

Assessment

Typically this module is assessed by 50% coursework / 50% exam, although the university reserves the right to alter this.

Summer period

The module enables students to develop skills in identifying and assessing complex and topical issues in business strategy, and to apply research techniques to analyse current issues confronting business strategy and policy.

Assessment

The module is assessed by 100% coursework (50% presentation and 50% written coursework), but the university reserves the right to alter this.

This module builds on the Economics and Business Strategy in Practice module and allows students to gain experience in conducting an independent applied research project relevant to business strategy. In the process, you will improve your employment prospects by strengthening your ability to effectively communicate your knowledge, understanding and recommendations to policy makers and managers.

Assessment

The module is assessed by 100% coursework, but the university reserves the right to alter this.

How you'll be assessed

You will be assessed by a combination of group and individual coursework as well as exams.

How you'll study

Seminars
Lectures
Tutorials
Independent study
Group work
Workshops

Your personal and professional development

Our School of Business and Economics is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Well-trained, numerate business and strategy economists are in high demand in every sector. Our Economics and Business Strategy programme prepares you for a career as a professional economist in management and strategy consulting, finance, government or industry.

Potential career destinations include: analyst in economic consultancy, corporate management, strategy teams in corporations, business-related government departments, competition and regulation authorities, industry associations.

Your personal development

There is a strong emphasis on applying theoretical and quantitative skills to real world situations – as well as a focus on developing critical thinking skills will open up career opportunities in business, consulting, government and international organisations or as an academic economist.

All our Business and Economics postgraduate students have the opportunity to attend an impressive range of extra-curricular masterclasses and public lectures – all on campus and free of charge.

Fees and funding

UK/EU:
£12,850
International:
£19,500

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Our academics

Our Economics and Business Strategy MSc programme is informed by the experiences and research of our expert staff, many of whom have first-hand experience in business, finance and management, or government advisory roles.

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