Graduate Diploma Economics

Full Time
Graduate Diploma

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.


Course Modules

Students must study the following modules for 80 credits:

Name Code Credits


BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4001Y OR ECO-4004Y OR TAKE MTHA4001Y 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 Probability Theory, Ordinary Least Squares estimation and the estimation of Linear and Binary Models. These skills are then applied to a substantive project based assessment, which requires students to source and make use of cross-section data to analyse a topic of interest.




BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4002Y 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 Economics (ECO-4002Y). It separates into two components: Microeconomics and Macroeconomics. The microeconomics part of the module will focus on understanding consumer and firm behaviour, providing a framework to understand theoretical advances in areas such as asymmetric information, incomplete contracts, public goods and strategic interaction. The macroeconomics part 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.



Students will select 40 credits from the following modules:

Name Code Credits


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.




BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4002Y 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.




It is strongly recommended that students only enrol on this module if they obtained a mark of 60% on ECO-4004Y or 70% on ECO-4001Y. 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). 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.




BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4002Y 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.




BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-4002Y OR TAKE NBS-4003Y OR TAKE NBS-5016Y This module first explores recent EU developments, emphasising the challenges posed by monetary union. It reviews the role of a lender of last resort and the theoretical considerations underlying single currencies. It then questions the role of fiscal policy in the EU context, exploring issues of public debt and the role of financial market integration, with links to the Eurozone crisis. To fully appreciate the effects of economic integration we explore the economics of preferential trade and assess the competitive effects within a single market. The module reconsiders economic growth in the context of an integrated economy, as well as emphasising the role of factor mobility and the EU labour market. It finally discuss common policies governing European economies, offering an overview of EU competition policy, the Common Agricultural Policy (CAP) or the EU cohesion policy.




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.

Entry Requirements

  • Degree Subject Economics or other relevant subject
  • Degree Classification 2.2 or equivalent

How to Apply

    Next Steps

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