The Economics and Data Science MSc will provide you with the knowledge of how to apply cutting-edge data science methods. These are widely used in modern economic analysis, such as Random Forests, clustering algorithms and text-as-data methods.

Through core modules, you will gain a deep understanding of how data science can inform and improve the decision making of individuals, firms and governments. You can tailor your degree with a range of optional modules and complete a dissertation where you will apply the methods you have learnt.

With this Master’s degree from Newcastle University, you will have developed the skills necessary to excel as a:

• professional economist
• policy maker
• academic researcher

The Economics and Data Science MSc is part of the following suite of courses:

• Economics MSc 
• Behavioural and Experimental Economics MSc 

What you'll learn:

Gain advanced skills in economic theory. You'll also learn quantitative methods in econometrics and mathematical economics.

You will learn the theory, analytical tools and data analysis methods to help find solutions to deal with a variety of real-world economic problems. You'll also achieve an understanding of specialist software packages in high demand by employers.

Take on advanced topics of microeconomics and macroeconomics. This will maximise your expertise and help you develop soft skills essential for any sector.

• Software packages include: R, Python, Stata
• Real business skills: You will apply economic theory to real world problems. This will be via stimulating lectures taught by specialists in the area. Learning will be critical of current research ideas and topics.
• Research skills: In the final stages of the dissertation, you will conduct a piece of research that demonstrates further existing knowledge of the research topic area.
• Skills and experience: You will learn the theory, analytical tools and data to help find solutions to deal with a wide variety of real-world economic problems. You will also develop soft skills essential for employment in any sector.

Your future:

On graduating, you'll have acquired a wide range of attributes sought after by employers. This includes:

• analytical thinking
• argument formulation
• critical thinking
• problem solving
• data analysis
• communication
• independent learning and research

The MSc Economics degree is a competitive qualification and is seen as a route to lead to high salaries and prospects. The programme will prepare you for jobs in different sectors, such as:

• the government
• the private sector
• central banking
• international organisations
• universities

Graduates may enter roles as:

• economists
• data scientists
• statisticians
• market researchers
• policy analysts
• consultants
• academics

Our Careers Service:

Our award-winning Careers Service is one of the largest and best in the country, and we have strong links with employers. We provide an extensive range of opportunities to all students through our ncl+ initiative.