
Source: University of Cambridge
Courses
- Advanced Diploma in Economics
- MPhil in Economics
- MPhil in Economic Research
- MPhil in Finance and Economics
- MPhil in Economics and Data Science
Subject Ranking
The University of Cambridge ranks 5th in the world for the study of Economics according to THE and 12th according to QS Subject ranking.
Why study at Cambridge?
The University of Cambridge is one of the most prestigious and oldest universities in the world. Founded in 1209, it has a rich history of academic excellence and research. Its alumni include some of the most prominent scientists, politicians, and thinkers in the world. The university is located in the heart of Cambridge, a beautiful and historic city known for its intellectual and cultural vibrancy.
Why Cambridge is a Great Place to do a Masters in Economics:
Cambridge is known for its cutting-edge research in economics, particularly in the field of Behavioral Economics. The university has a renowned faculty with expertise in various areas of economics, including microeconomics, macroeconomics, and econometrics. The MPhil in Economics program at Cambridge is designed to provide students with a rigorous education in economic theory and its applications, preparing them for careers in academia, government, and the private sector.
Innovations and Research:
Cambridge is home to the Centre for Experimental Social Sciences, which is dedicated to conducting research in behavioural economics and related fields. The centre has state-of-the-art facilities for conducting experiments, including a computerized laboratory for decision-making research. The university also hosts several research centres, including the Cambridge-INET Institute, which focuses on macroeconomic research, and the Centre for Economic Performance, which conducts research on labour economics, public policy, and international economics.
Course Details:
The MPhil in Economics program at Cambridge is a one-year full-time course that provides students with a solid foundation in economic theory, quantitative methods, and empirical analysis. The course is divided into three terms, with each term comprising several modules. Some of the popular courses include
- – Microeconomic Theory
- – Macroeconomic Theory
- – Econometrics
- – Public Economics
- – Behavioral Economics
- – Industrial Organization
- – International Trade and Finance
- – Development Economics
Eligibility
- Students applying for the MPhil in Economics program at Cambridge should have a strong academic background in economics or a related field. They should have a bachelor’s degree with a minimum of 2:1 (or international equivalent) in economics or a related field. While 2:1 is the minimum requirement, most applicants apply with a first-class degree.
- Applicants should also demonstrate a graduate-level understanding of Statistical Inference, Regression, Forecasting, Elementary representation of economic time series, Calculus and Matrix algebra.
- International applicants must submit a GRE score.
- Applicants whose first language is not English will also need to provide proof of proficiency in English.
Fee and Scholarships
The fee for the academic year 2024-2025 is £24,798 for UK students and £37,296 for international students. The university offers several scholarships and funding opportunities for students, including the Gates Cambridge Scholarship, which covers the full cost of tuition and provides a maintenance allowance.
Duration
One year
The MPhil in Economics program at the University of Cambridge is an excellent choice for students who want to pursue a career in economics. The university’s rich history, cutting-edge research, and renowned faculty make it one of the best places in the world to study economics.
Cutting-edge advancements meet tradition at the University of Cambridge, where behavioural economics takes centre stage—exploring how psychological insights apply to economic decision-making processes.