Choosing a master’s degree in economics can open doors to a wide range of career paths. Here are some of the most popular specializations:
Applied Economics: This program focuses on practical applications of economic theory to real-world problems, often involving data analysis, statistical modelling, and policy evaluation.
- Bath - Applied Economics MSc full-time
- Strathclyde - MSc Applied Economics Masters Degree UK | University of Strathclyde
Econometrics: This specialization delves into the statistical methods used to analyse economic data. It’s ideal for those interested in quantitative analysis and forecasting.
- LSE - MSc Econometrics and Mathematical Economics - LSE
- Edinburgh - Mathematical Economics and Econometrics
Development Economics: This field explores economic development in low-income countries, focusing on issues like poverty, inequality, and sustainable growth.
- Oxford - MSc in Economics for Development | University of Oxford
- SOAS - MSc Development Economics | SOAS
Environmental Economics: This specialization examines the economic impact of environmental policies and explores the valuation of natural resources.
- LSE - MSc Environmental Economics and Climate Change - LSE
- York - Environmental Economics and Environmental Management (Msc) - Postgraduate taught, University of York
Financial Economics: This program focuses on the financial markets, including stocks, bonds, and derivatives. It’s a popular choice for those interested in a career in finance or investment banking.
- Manchester - MSc Financial Economics (2025 entry) | The University of Manchester
- Nottingham - Financial Economics MSc 2025 entry - University of Nottingham
Health Economics: This field analyses the economics of healthcare, including the efficiency of healthcare systems, the impact of health policies, and the valuation of health outcomes.
- UCL - Health Economics and Decision Science MSc | Prospective Students Graduate - UCL – University College London
- York - Health Economics (MSc) - Postgraduate taught, University of York
International Economics: This specialization explores international trade, global finance, and economic development across countries.