Graduate Diploma Economics

“The Graduate Diploma was a fast track into Economics for me, coming from outside the discipline. It gave me a comprehensive introduction to the complex ideas and concepts.”

In their words

Philomena Bacon, Graduate Diploma, MSc Economics and PhD in Economics

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The Graduate Diploma in Economics provides a core training in Economics for those who do not already have an extensive recent economics background. The course is offered over 10 months, full-time.

Graduates of the programme who successfully secure a good pass may progress to Master's level study on either our Applied Training Programme or our Academic and Professional Programme.

The Applied Training Programme should appeal to students who wish to pursue a career in the areas of finance, management, international business, international relations and the mass media.

The Academic and Professional Programme is designed to provide intensive research-led training in advanced economic theory, econometrics and research methods. This route is suitable for those who aim to gain employment as professional economists in government, financial institutions, business, commerce, industry, international agencies and other similar organisations.

Overview

The Graduate Diploma in Economics provides a core training in Economics for graduates (or those with an equivalent qualification) who do not already have an extensive recent economics background.

As well as being a qualification in its own right, our Graduate Diploma also provides a sound basis for progression to further postgraduate study. Students who successfully secure a good pass on our Graduate Diploma, subject to the appropriate choice of options, are guaranteed a place on our MA or MSc degree programmes.

The Graduate Diploma is offered over 10 months, full-time.

Is the Graduate Diploma Programme right for you?

Postgraduate Options: Graduate Diploma, MSc
The School of Economics offers a diverse range of taught postgraduate study opportunities:

The Graduate Diploma provides core training in Economics for graduates (or those with an equivalent qualification) who do not already have an extensive recent economics background - acting as a progression route to further postgraduate study.

The Applied Training Programme (Master of Science) is designed to provide training in new and vocationally attractive skills in Economics. It is appropriate for graduates in Economics who wish to develop specialist expertise without committing to the full research-led training Academic and Professional (MSc) programme. It is also appropriate for those with a limited Economics background but with an undergraduate degree or equivalent experience in the applied area. These courses should appeal to students who wish to pursue a career in the areas of finance, management, international business, international relations and the mass media.

The Academic and Professional Programme (Master of Science) is designed to provide intensive research-led training in advanced economic theory, econometrics and research methods. This route is suitable for those who aim to gain employment as professional economists in government, financial institutions, business, commerce, industry, international agencies and other similar organisations. The MSc Programme is also suitable for those seeking eventual PhD enrolment and/or an academic career as a lecturer in Economics. Many of our former PhD students now hold academic posts as lecturers in University departments both in the UK and overseas. The School has full "1+3" ESRC recognition for each of the MSc courses, enabling ESRC-funded students to train at both Masters and PhD level.

Additional Support offered by the School of Economics

In order to prepare you for your Master’s degree the School of Economics runs an introductory course in Mathematics and Statistics for Economists in the fortnight preceding the Master’s programme. Whilst this course is not compulsory, it is recommended that you attend. The course will run from 10th September 2018 - 21st September 2018.

Course Modules 2017/8

Students must study the following modules for 60 credits:

Name Code Credits

INTERMEDIATE MACROECONOMICS

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4006Y This is a module in intermediate economic theory. It is part of the compulsory core of the economic undergraduate programme and builds on the concepts covered in Introductory Macroeconomics (ECO-4006Y). The module focuses on contemporary controversies in macroeconomic policy and performance, providing practical insights into concerns such as unemployment, inflation and economic growth. The module aims to develop your understanding of key economic models, to develop your skills in applying these models and to provide the framework for further study in Economics.

ECO-5007B

20

INTERMEDIATE MICROECONOMICS

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y This is a module in intermediate microeconomic theory. It is part of the compulsory core of the economic undergraduate programme and builds on the concepts covered in Introductory Microeconomics (ECO-4005Y). The module will focus on understanding consumer and firm behaviour, choice under uncertainty, market competition and failure and strategic interaction. The module aims to develop your understanding of key economic models, to develop your skills in applying these models and to provide the framework for further study in Economics.

ECO-5007A

20

INTRODUCTORY ECONOMETRICS

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4001B (or equivalent) This module introduces students to some basic econometric techniques and the problems which arise in their use. Students will have the opportunity to apply these techniques to a variety of economic problems and estimate models with the aid of statistical software. Module topics include Ordinary Least Squares estimation and the estimation of Limited Dependent Variable models.

ECO-5006A

20

Students will select 60 credits from the following modules:

Name Code Credits

BEHAVIOURAL ECONOMICS

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y and ECO-4006Y This module considers various economic issues from a behavioural economics perspective, such as biases in decision making; extrinsic and intrinsic motivation; which pay schemes work best; respect and autonomy in organizations; understanding cooperation and coordination; and how we can nudge people to make better decisions.

ECO-5005B

20

ECONOMETRICS RESEARCH PROJECT

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4001B (or equivalent) and ECO-5006A This module builds on the econometric techniques introduced in Introductory Econometrics. Specifically students will use their data analysis and econometric skills to produce a research project using cross-section data drawn from nationally representative survey data. The survey provides information on household composition, employment and skills, income and wealth, education, health and lifestyle, social and political attitudes, well-being, environment and transport, children and families giving scope to allow students to consider a broad range of potential topic areas. The project will provide students with a range of practical, analytical and interpretative skills.

ECO-5008B

20

HISTORY OF ECONOMIC THOUGHT

This module offers an overview of the evolution of economic thought over the past four centuries, from Adam Smith's concept of natural order to current days' debate on the Re-thinking Economics Movement. The discussion of alternative theories will focus on a critical appraisal of assumptions, methodology, and results. Embracing an historical approach, we will explore core issues in the Methodology of Economics, including the concept of equilibrium, the concept of rationality, and the role of Mathematics in the economic analysis. The aim of the module is to develop students' critical thinking, allowing them to form judgements on different approaches to economic analysis.

ECO-5009B

20

INTERNATIONAL TRADE AND INTEGRATION

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y and ECO-4006Y This module tries to develop students' understanding of the international economy. The module tries to explain global flows of goods through international trade using a number of classical "core models" of international trade theory and also some of the more recently developed models of "New" trade theory. The module also deals with trade policy and its effects on overall economic welfare and with controversial issues like strategic trade policy.

ECO-5005A

20

MATHEMATICAL ECONOMICS

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4003A OR TAKE ECO-4001A Students can only enrol on this module if they obtained a mark of 60% on ECO-4003A or 70% on ECO-4001A - Please seek further advice if you have any concerns about your suitability for this module. The module provides an introduction to mathematical techniques for economists: linear algebra, comparative static analysis, optimisation, calculus, applications (e.g. growth models, market equilibria, constrained utility maximisation and cost minimisation). The module will be particularly useful for students intending to undertake postgraduate study in Economics. Please note that this module requires good mathematical aptitude and a willingness to work hard at solving the seminar problems and other problems. The only way to master the material in this module is to work through lots of examples on a regular basis.

ECO-5003A

20

STRATEGIC THINKING

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y This module presents and explores different formal concepts of game theory. Game theory provides a framework to understand how people behave in the strategic situations that arise when the welfare of any person depends on both his own choices and the decisions of others. There is an abundance of such situations in economics and in other social sciences. Examples include bargaining situations (e.g. between workers and employers), interactions between firms in an industry, arms rivalry and military conflicts or war against terrorism.

ECO-5004A

20

THE EUROPEAN ECONOMY

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4005Y and ECO-4006Y, OR NBS-4003Y, OR NBS-5016Y This module goes out from recent EU developments, emphasising the challenges posed by Brexit, as well as by monetary union and financial crisis. To appreciate the significance of economic integration and the various options available for the UK upon leaving the European Union, we explore the economics of preferential trade and further dimensions essential to a single market. The module reconsiders economic growth in the context of an integrated economy, and the potential knock-on effects from a country's withdrawing from the single European market. It evaluates the role of factor mobility, questioning the economic theory underpinning the freedom of movement of workers, as well as exploring trends and effects of cross-border migration in Europe. The module presents two common policies governing European economies, offering an overview of EU competition policy and the Common Agricultural Policy (CAP), along with their implications for non-EU members. The discussion then moves into the economics of monetary unions. This reviews the arguments in favour and against adopting common currencies, and emphasises the role of a lender of last resort. A final part reviews the issue of fiscal policy co-ordination, exploring developments in public debt and financial market integration, along with the institutional challenges raised by the euro crisis.

ECO-5006B

20

Disclaimer

Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules and regular (five-yearly) review of course programmes. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, there will normally be prior consultation of students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff or sabbatical leave. Where this is the case, the University will endeavour to inform students.

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Entry Requirements

  • Degree Subject Any Subject
  • Degree Classification 2.2 or equivalent

Entry Requirement

Applicants should normally have a good first degree from a recognised higher education institution. A background in statistics is preferable.  The University will also take into account the employment experience of applicants where relevant.

All applicants should have at least a grade B at Maths GCSE or equvialent.

It is normal for undergraduate students to apply for entry to postgraduate programmes in their final year of study. Applicants who have not yet been awarded a degree may be offered a place conditional on their attaining a particular class of degree.

Applicants are advised to contact the School of Economics to discuss entry requirements.

Students for whom English is a Foreign language

We welcome applications from students whose first language is not English. To ensure such students benefit from postgraduate study, we require evidence of proficiency in English. Our usual entry requirements are as follows:

  • IELTS: 6.5 (minimum 6.0 in all components)
  • PTE (Pearson): 62 (minimum 55 in all components)

Test dates should be within two years of the course start date.

Other tests, including Cambridge English exams and the Trinity Integrated Skills in English are also accepted by the university. The full list of accepted tests can be found here: Accepted English Language Tests

INTO UEA run pre-sessional courses which can be taken prior to the start of your course. For further information and to see if you qualify please contact intopre-sessional@uea.ac.uk (INTO UEA Norwich).

Fees and Funding

Fees for the academic year 2018/19 are:

  • UK/EU Students: £7,765
  • International Students: £16,000

Fees listed are inclusive of the optional 2-week pre-sessional Mathematics and Statistics for Economists course.

International applicants from outside the EU may need to pay a deposit.

Living Expenses

Approximately £9,135 living expenses will be needed to adequately support yourself.

Scholarships and Funding

A variety of Scholarships may be offered to UK/EU and International students. Scholarships are normally awarded to students on the basis of academic merit and are usually for the duration of the period of study. Please click here for more detailed information about funding for prospective Economics students.

How to Apply

Applications for Postgraduate Taught programmes at the University of East Anglia should be made directly to the University.

You can apply online, or by downloading the application form.

Further Information

To request further information & to be kept up to date with news & events please use our online enquiry form.

If you would like to discuss your individual circumstances prior to applying please do contact us:

Postgraduate Admissions Office
Tel: +44 (0)1603 591515
Email: admissions@uea.ac.uk

International candidates are also encouraged to access the International Students section of our website.

    Next Steps

    We can’t wait to hear from you. Just pop any questions about this course into the form below and our enquiries team will answer as soon as they can.

    Admissions enquiries:
    admissions@uea.ac.uk or
    telephone +44 (0)1603 591515