MSc Econometrics and Economics Programme Specification 2024-25

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1	ACADEMIC QUALITY TEAM
2	Programme Specifications 2024-25
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5	Programme Title			MSc Econometrics and Economics
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7	This document applies to students who commenced the programme(s) in:			2024		Award type			MSc
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9	What level is this qualification?			Level 7		Length of programme			1 year (12 months)
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11	Mode of study (Full / Part Time)			full time
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13	Will the programme use standard University semester dates?			yes		For York Online programmes, will standard dates for such programmes be used?			N/A
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15	Awarding institution			University of York		Board of Studies for the programme			Economics
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17	Lead department			Economics		Other contributing departments			N/A
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19	Language of study and assessment			English		Language(s) of assessment			English
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21	Is this a campus-based or online programme?			Campus based
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23	Partner organisations
24	If there are any partner organisations involved in the delivery of the programme, please outline the nature of their involvement. You may wish to refer to the Policy on Collaborative Provision
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28	Reference points
29	Please state relevant reference points consulted in the design of this programme (for example, relevant documentation setting out PSRB requirements; the University's Frameworks for Programme Design (UG or PGT); QAA Subject Benchmark Statements; QAA Qualifications and Credit Frameworks).
30	PGT Programme Design Policy; QAA Subject Benchmark Statement: Economics
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33	Credit Transfer and Recognition of Prior Learning
34	Will this programme involve any exemptions from the University Policy and Procedures on Credit Transfer and the Recognition of Prior Learning? If so, please specify and give a rationale
35	N/A
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38	Exceptions to Regulations
39	Please detail any exceptions to University Award Regulations and Frameworks that need to be approved (or are already approved) for this programme. This should include any that have been approved for related programmes and should be extended to this programme.
40	N/A
41	N/A
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43	Internal Transfers
44	Please use the boxes below to specify if transfers into / out of the programme from / to other programmes within the University are possible by indicating yes or no and listing any restrictions. These boxes can also be used to highlight any common transfer routes which it would be useful for students to know.
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46		Transfers in:	Transfers when approved are allowed until the end of week three Autumn term. Later transfers maybe considered and approved on a case by case basis. Transfers between our programmes and to them from closely related programmes offered by the York Management School as well as those offered by the Department of Mathematics are generally considered for approval.			Transfers out:	Transfer out of our programmes to other units in the University are allowed on a case by case basis depending primarily on the destination programme's willingness to accept.
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49	Statement of Purpose
50	Please briefly outline the overall aims of the programme. This should clarify to a prospective student why they should choose this programme, what it will provide to them and what benefits they will gain from completing it.
51	The public and private sectors are now well aware of the value of advanced quantitative skills to assess and use evidence from large amounts of data. The MSc Econometrics and Economics provides intensive one-year training in using advanced micro and macroeconomic theory and cutting-edge statistical and econometric methods to investigate emerging, complex, and ever-changing “real world” economic and/or financial problems. You will be able to flexibly synthesise, adapt, and apply sophisticated logical reasoning and quantitative skills in order to investigate these problems and produce persuasive responses to them using data-based evidence. Our research training will enable you to produce quantitative forecasting and counter factual analysis, which will provide valuable information for policy makers and/or business managers making important decisions on issues they face today. The programme also serves as an ideal preparation for those who want to progress to research degrees in Economics, Econometrics and/or Finance.
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62	If there are additional awards associated with the programme upon which students can register, please specify the Statement of Purpose for that programme. This will be most relevant for PGT programmes with exit awards that are also available as entry points. Use additional rows to include more than one additional award. Do not include years in industry / abroad (for which there are separate boxes).
63	Exit Award Title			Is the exit award also available as an entry point?	Outcomes: what will the student be able to do on exit with this award?			Specify the module diet that the student will need to complete to obtain this exit award
64	PG Certificate			Exit Only	PLO 1 - 6 to be compeleted			any 60 taught module credits
65	PG Diploma			Exit Only	PLO 1 - 6 to be compeleted			any 120 taught module credits
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67	Programme Learning Outcomes
68	What are the programme learning outcomes (PLOs) for the programme? (Normally a minimum of 6, maximum of 8). Taken together, these outcomes should capture the distinctive features of the programme and represent the outcomes that students progressively develop in the programme and achieve at graduation. PLOs should be worded to follow the stem 'Graduates will be able to...'
69	1	Use deductive reasoning and logical experiments to explain and evaluate given hypotheses concerning the causal development of real-world events with the aim of informing policy makers and/or business managers, starting with simplified models and then developing them to take into consideration increasingly complex interactions among agents, future uncertainty, and counterfactual “what if” scenarios. [Deductive reasoning/Economic Theory]
70	2	Formulate appropriate economics or financial models for data analysis, identify and apply suitable state-of-the-art statistical methods to estimate the associated econometric models using specialised statistical or econometric software, and provide quantitative forecasting and counterfactual analysis if necessary to inform policy makers and/or business managers. [Econometric analysis]
71	3	Produce rigorous, unambiguous and well-reasoned written, mathematical and statistical statements that clearly identify assumptions and the logical steps taken to justify conclusions using carefully defined terminology. [Logical and mathematical reasoning]
72	4	Use inductive reasoning to develop generalizable conclusions from particular facts, patterns and trends of emerging “real world” economic or finance problems, comparing them to similar historical episodes, and analyse them with logical coherence using data analysis if appropriate. [Inductive analysis of events]
73	5	Use bibliographic databases to independently identify and locate relevant and current economic and finance research literature, then critically evaluate the material to determine its usefulness and validity, with the aim of summarising findings to inform and maintain the currency of their own and others’ intellectual and professional knowledge and understanding. [Review research literature]
74	6	Produce effective written communications, which identify relevant material for their intended audience, articulate a well-focused central argument and critical position on the topic supported by clear data-analysis summaries, and that are adapted to the appropriate genre for their intended readers (report, academic thesis, etc). [Communications]
75	7	Plan and manage a project with minimal guidance informed by relevant and current knowledge, identifying an appropriate methodology to apply well-developed skills in research and logical analysis, and effectively communicate results. [Apply all PLOs 1-6 skills to projects]
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77	Diverse entry routes
78	Detail how you would support students from diverse entry routes to transition into the programme. For example, disciplinary knowledge and conventions of the discipline, language skills, academic and writing skills, lab skills, academic integrity.
79	The role of the academic supervisor is to recognize the needs of students when they arrive and signpost them to appropriate support services when needed. We signpost students to the Maths Skills Centre, which offers advice and guidance on maths topics, statistical concepts and analysis. We also advise the students to use the support of the Writing Centre, which offers advice and guidance on academic writing, critical thinking and analysis skills, developing effective study habits and communication skills. The Department has created a Student Action Group, where student representatives are paid for their involvement in order to build a stronger academic community.
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88	Inclusion
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90	Please confirm by ticking the box on the right that the design, content and delivery of the programme will support students from all backgrounds to succeed. This refers to the University's duties under the Equality Act 2010. You may wish to refer to the optional Inclusive Learning self-assessment tools to support reflection on this issue.									TRUE
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92	Employability
93	Please give a brief overview - no more than 5 sentences - of how the programmes helps develop students' employability. Your Faculty Employability Manager can help reflection on this issue. This statement will be used by Marketing as the basis for external content with respect to employability.
94	The MSc in econometrics and economics facilitates many graduate careers in both the private and the public sectors, as well as providing a solid foundation for PhD entry. The programme provides a strong technical training and will also develop transferable skills like communication, analysis and critical thinking that will equip students in many alternative career paths or a PhD. Students will acquire cutting edge econometric and data analytical skills increasingly required in many diverse fields, and in particular will be able to identify and apply suitable state-of-the-art statistical methods to understand complex data, evaluate policy or business performance, and provide quantitative forecasting in a multitude of different settings.
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