MSc Media Economics

This Master's is designed to attract students from film, literature and media based undergraduate degrees and who wish to develop their analytical skills to understand the economic and political context of the industries in which they hope to pursue their careers.

The course will equip you with the skills required to enter a career in the business aspect of the media (eg account executives in advertising, a career in publishing, finance and management positions in broadcasting).

You will take compulsory modules in economic concept and econometric methods, the economics and politics of the mass media and the international political economy. You will also have the opportunity to study optional modules from the School of Political, Social and International Studies and the School of Economics

Overview

MSc Media Economics is designed to attract students from film, literature and media based undergraduate degrees who wish to develop their analytical skills to understand the economic and political context of the industries in which they hope to pursue their careers.

The course will equip you with the skills required to enter a career in the business aspect of the media, for example account executives in advertising, a career in publishing, finance and management positions in broadcasting.

This course fits into our Applied Training Programme which is designed to provide training in new and vocationally attractive skills in Economics. It is appropriate either for graduates with no economics background who wish to understand how markets work and to develop the analytical skills of an economist, or for graduates in economics who wish to develop specialist expertise without committing to full research training.  This course provides training that places specialist areas in a wider economic context and shows how the insight from economics can improve workplace performance.

You will be taught jointly with staff and students from Political, Social and International Studies and the School of Economics, both of which have a strong tradition of interdisciplinary research and teaching on media issues.

The programme should appeal to those who wish to pursue a career in the areas of management or the mass media.

Course Structure

You will study compulsory modules in economic concept and econometric methods, the economics and politics of the mass media and the international political economy.

You will also have the option to select from a range of modules offered within Political, Social and International Studies and the School of Economics. For further details of the modules currently on offer, please see the Course Profile tab.

Assessment

Assessment will be carried out through combinations of coursework and exams. You will also write a dissertation on a topic of your choice, supervised individually by an academic from the School.

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. While this course is not compulsory, it is recommended that you attend. The course will run from 11th September 2017 - 22nd September 2017.

Course Modules 2017/8

Students must study the following modules for 160 credits:

Name Code Credits

ECONOMETRIC METHODS

This is a module of two halves. The first half introduces some basic econometric techniques, and the problems which arise in their use. The second half applies the skills acquired in the first half to particular problems in economics such as exchange rate models and the analysis of discrete choices by individuals. An emphasis is placed on the practical side of the subject. With the aid of the specialist econometric computer software STATA, theoretical models are estimated and tested using real data.

ECO-7000A

20

ECONOMIC CONCEPTS

This module is designed to introduce students to micro and macro economics analysis, and to familiarise students with a wide range of economic tools which can be applied to issues relating to their Applied Training Programme. The module covers, in particular, consumer and producer choice, market equilibrium, market structure, externalities and public goods, the macroeconomics of inflation, unemployment and growth and macroeconomic policy.

ECO-7011A

20

ECONOMICS DISSERTATION (60 CREDITS)

All students taking the ECO MSc degrees in Economics, Environmental Economics, Experimental Economics, Industrial Economics, Finance and Economics, Media Economics, International Business Finance and Economics and International Business, and Economics and International Relations, are required to submit a dissertation. This module prepares students to write a dissertation of a length and technical complexity as specified in their Course Guide, on a topic approved by the Course Director or other authorised person.

ECO-7023X

60

ECONOMICS OF THE MASS MEDIA

This module is concerned with the economics of the mass media industries, with an emphasis on TV broadcasting and film, and with some coverage of the advertising, sports and 'new media' industries and the printed press. It covers the basic theory of the competitive process, focusing in particular on the conditions under which intervention is required, and the implications of technological change for the structure and conduct of the mass media industries. Any student without a background in economics, and who is NOT taking the module 'Economic Concepts' must consult the Postgraduate Teaching Director before enrolling on the module.

ECO-7007A

20

INTERNATIONAL TRADE

IN TAKING THIS MODULE YOU CANNOT TAKE ECO-7019B In this module we develop our understanding of the international economy, specifically international trade. We explain the patterns in the global flows of goods using a number of different models of international trade theory. We ask who benefits from trade, who it can harm, and relate our insights to the current debate about globalization. The module also deals with controversial issues like the effect of trade on the environment and strategic trade policy.

ECO-7016B

20

POLITICS AND MEDIA

Working from the assumption that the media are an integral part of modern political life, this module examines the way in which politics is represented in the media and reviews critically the argument about 'bias'. It also explores the arguments around the ownership and control of media, the increasing use of the media by political parties and the changing relationship between citizens and politics engendered by new communication technologies.

PPLM7002B

20

Students will select 20 credits from the following modules:

Name Code Credits

FINANCIAL MATHEMATICS

This is a technical finance module aimed at students wishing to pursue careers in the financial sector. The module is taught to both Economics (ECO) and Actuarial (CMP) students. CMP students can benefit from the Institute and Faculty of Actuaries accreditation. The focus of the module is on valuation and risk analysis of financial products. The module is highly analytical with weekly exercise sessions in computer labs. Topics covered include: continuous-time stochastic processes, stochastic models for security prices, bonds, term structure of interest rates, futures and forwards, options, hedging and credit risk.

ECO-7013B

20

MULTINATIONAL FIRMS

This module is structured around three main questions: why do multi-nationals exist? What are their beneficial effects? Why might they sometimes be a cause for concern? In answering these questions we confront a variety of theoretical and empirical methodologies (eg, oligopoly theory, transactions costs, econometric, case studies in corporate strategy) and draw upon various branches of Economics (international, industrial, labour, financial and political economy).

ECO-7010B

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.

Entry Requirements

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

Entry Requirement

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

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 them attaining a particular class of degree.

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 University of East Anglia

If you do not meet the academic requirements for this course, you may be able to study one of the International Graduate Diploma programmes offered by our partner INTO UEA. These programmes guarantee progression to selected Master's degrees if students achieve the appropriate grade. For more details please see here: International Graduate Diploma in Economics.

INTO UEA also 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

Fees and Funding

Fees for the academic year 2017/18 are:

  • UK/EU Students: £7,365
  • International Students: £15,000

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