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COURSE TITLE Master of Science in Economics








Second Cycle

Level 7

5 Semesters

Part-time Evening


The Master’s programme in Economics is an academic programme that equips students with the essential tools of economics at an advanced level, and teaches them how to apply these principles to important, real-life policy tasks. The programme focuses on economic issues and policy orientation and aims to turn students into economic generalists, while offering them the possibility to become specialists in well-defined focus areas (specializations). The programme aims at developing and testing graduates’ economic intuition and analytical skills, emphasizing policy orientation and empirical applicability.
LEARNING OUTCOMES After completion of the course students will be able to:
• know the main defining principles, theoretical concepts, and tools in modern advanced microeconomics and macroeconomics, and possess applicable knowledge of core empirical tools and their statistical foundations.
• possess and develop analytical skills that will help them apply appropriate mathematical and empirical modelling tools for finding answers to pertinent social and economic problems.
• develop a feel for what makes a good and useful model and in what context to use it.
• read and understand important contributions to the literature of general economic analysis and of selected subfields and will have become critical readers.
• identify relevant economic issues, formulate appropriate research questions, and implement a plan for answering their question.
• work with empirical economic data and will know how to translate economic hypotheses into statistical hypotheses. They will know how to apply statistical testing methodology and will be capable of drawing conclusions.
• develop a critical attitude to the relevance and shortcomings of empirical data compared to theoretical requirements, and will be aware of potential limitations to the insights that can be gained from theoretical reasoning alone when addressing real-life issues.
• know how to substantially interpret economic data and to put it into context, and will be able to draw policy conclusions where appropriate.
• possess the skill of self-reflections, allowing them to independently identify and fill in any gaps in the knowledge they need to answer specific research questions and to acquire the use of new tools where necessary and appropriate to foray into unknown territory.
• work both independently and with others in teams, and will be able to present their findings to both expert and non-expert audiences.
• be aware of the normative aspects of economics as a discipline, its methodological cornerstones, and its relation to other social sciences, humanities and arts.
CAREER OPPORTUNITIES AND ACCESS TO FURTHER STUDY Since the M.Sc. programme aims to increase graduates’ generalist and specialist knowledge and understanding of economic theories, tools and academic competences, commensurate with the academic standards required in a Masters programme, this will be a great opportunity for graduates of the programme to gain recognition and further their career aspirations as economists both in local and international organisations. The programme will also produce graduates who can identify the economic dimensions of current policy issues and by acquiring problem-solving skills successfully address future questions through independent economic research. The programme therefore opens opportunities for doctoral studies.
COURSE INTENDED FOR Economists working in monetary and financial institutions, as well as financial and economic consulting firms.
The Course shall be open to applicants in possession of a Bachelor degree in Economics or in any other area deemed relevant by the Board, from this University or any other university recognised by Senate, obtained with at least Second Class Honours.

The admission requirements are applicable for courses commencing in October 2016.

For more detailed information pertaining to admission and progression requirements please refer to the bye-laws for the course available here.


Last Updated: 23 November 2017
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
Unless for exceptional approved reasons, no changes to the programme of study for a particular academic year will be made once the students' registration period for that academic year begins.

For applicable fees please check the link on the Finance Office webpage.
Semester 1 Time-table 2017/8 - Day Courses
Time-tables for Day Courses for the Academic Year 2017/18 - Semester 1
Semester 1 Time-table 2017/18 - Evening Courses
Time-tables for Evening Courses for the Academic Year 2017/18 - Semester 1
FEMA Day Examination Timetable
Examination time-table for Day Courses - January 2018
FEMA Evening Examination Timetables
Examination time-table for Evening Courses January 2018
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