Why choose this course
Our MRes Economics is designed to be your first step towards doctoral research, leading typically to our three-year PhD, or it may lead to a stand-alone MRes degree.
We offer generous studentships for the duration of the MRes/PhD course for those with strong research potential, covering (1) international fees, (2) a yearly stipend (for 2020-21 entry, up to £18,069) and (3) a yearly research allowance.
Our School of Economics produces graduates sought-after by leading economics departments, central banks, research institutions, consultancies and think tanks around the world.
We are ranked in the top 10 for business and economics in the United Kingdom by the Times Higher Education World University Rankings 2020.
What you will study
The MRes Economics course is designed to lead on to our three-year PhD Economics course, providing the foundation towards doctoral research. Alternatively, you can also graduate with a stand-alone MRes degree after one year.
You’ll study research-oriented modules in microeconomics, macroeconomics and econometrics at an advanced level, and complete a research project with an MRes dissertation. You’ll gain an advanced understanding of research methods and techniques, enabling you to apply your knowledge to a range of economics problems.
Our MRes will provide you with the transferable skills and knowledge to pursue doctoral research in economics and employment as professional economist in a research environment.
Careers and graduate prospects
We offer careers information, advice and guidance to all students whilst studying with us, which is extended to our alumni for three years after leaving the University. Our graduates have lifetime access to Surrey Pathfinder, our online portal for appointment and events bookings, jobs, placements and interactive development tools.
The Economics MRes provides a deep understanding of the problems research economists tackle.
Graduates from the School of Economics are sought-after by leading economics departments, business schools and research institutions around the world.
Our PhD students have gone on to academic positions as lecturers and postdoctoral researchers in the UK and overseas, including institutions such as:
- University of Cambridge
- University of Sussex
- University of East Anglia
- European University Institute
- University of Glasgow
- London School of Economics.
Our past PhD students have also gone on to take leading positions in international institutions including:
- The International Monetary Fund
- The European Central Bank
- The Organisation for Economic Cooperation and Development
- The Financial Conduct Authority
- The Bank of Canada
- The European Investment Fund
- As well as leading think tanks and economic consultancy firms.
Academic year structure
The MRes dissertation can form the basis for subsequent research towards a PhD Economics course. Writing the MRes dissertation is supported by two focused modules on research methods, Research Methods I and II, and supervised by academics in the School of Economics.
The Economics MRes is designed to provide the foundation for a subsequent PhD Economics course, during which students take advanced field modules in microeconomics, macroeconomics and econometrics. For further details see our PhD Economics course page.
Modules listed are indicative, reflecting the information available at the time of publication. Please note that modules may be subject to teaching availability, student demand and/or class size caps.
Important: In light of the Covid-19 pandemic the University has revised its courses to incorporate the ‘Hybrid Learning Experience’ in a departure from previous academic years and previously published information. The University has changed the delivery (and in some cases the content) of its programmes. Further information on the general principles of hybrid learning can be found at: Hybrid learning experience | University of Surrey.
We have updated key module information regarding the pattern of assessment and overall student workload to inform student module choices. We are currently working on bringing remaining published information up to date to reflect current practice in time for the start of the academic year 2022/23 This means that some information within the programme and module catalogue will be subject to change. Current students are invited to contact their Programme Leader or Academic Hive with any questions relating to the information available.
The University operates a credit framework for all taught programmes based on a 15-credit tariff. Modules can be either 15, 30, 45, 75 and 120 credits, and additionally for some masters dissertations, 90 credits.
The structure of our programmes follows clear educational aims that are tailored to each programme. These are all outlined in the programme specifications which include further details such as the learning outcomes:
Course timetables are normally available one month before the start of the semester. Please note that while we make every effort to ensure that timetables are as student-friendly as possible, scheduled teaching can take place on any day of the week (Monday–Friday). Wednesday afternoons are normally reserved for sports and cultural activities. Part-time classes are normally scheduled on one or two days per week, details of which can be obtained from the Academic Hive. View our Timetabling Policy (PDF).
Contact hours can vary across our modules. Full details of the contact hours for each module are available from the University of Surrey's module catalogue. See the modules section for more information.
Typically, applicants are expected to hold an undergraduate degree with first class honours in a relevant discipline, or a masters degree in a relevant discipline (or equivalent qualifications).
A minimum of two referees should be provided with your application. Applicants are also requested to submit a cover letter specifying their motivation to pursue a PhD in Economics at the University of Surrey and highlighting their broad research interests.
Applicants should also take the GRE exam. Only the Quantitative Reasoning part of the GRE test is compulsory. Applications without evidence of GRE (Quantitative Reasoning) will not be considered.
Please note your GRE exam statement should be less than five years old at the start of the course. You should arrange for an official certificate of your score to be sent to Admissions Services of the University from the Educational Testing Service (ETS), as well as entering your scores in the relevant section of the application form. Please also select the University of Surrey as an official score recipient. The Surrey institution code for the GRE is 3495; no department code is required as the scores are processed centrally. For more information about the test please see the GRE website or the ETS website.
International entry requirements by country
Do I meet the requirements for this course?
We require you to submit a full application so that we can formally assess whether you meet the criteria published. Unfortunately, we are unable to provide an outcome based on an enquiry (via email, webform enquiry, phone or live chat).
English language requirements
IELTS Academic: 6.5 or above with a minimum of 6.0 in each component (or equivalent).
View the other English language qualifications that we accept.
If you do not currently meet the level required for your programme, we offer intensive pre-sessional English language courses, designed to take you to the level of English ability and skill required for your studies here.
As part of the application assessment applicants are usually invited for an interview.
The University of Surrey recognises that many students enter their higher education course with valuable knowledge and skills developed through a range of professional, vocational and community contexts. If this applies to you, a process called recognition of prior learning (RPL) may allow you to enter your course at a point appropriate to your previous learning and experience, or to join the start of a course without the formal entry requirements. This means that you may be exempt from certain elements of study in the course for which you have applied and be awarded credit based on your previous qualifications/experience. There are restrictions on RPL for some courses and fees may be payable for certain claims.
Please see the code of practice for recognition of prior learning and prior credit: taught programmes (PDF) for further information. Please email Admissions with any queries.
Start date: October 2022
Full-time - 1 year
- These fees apply to students commencing study in the academic year 2022-23 only. Fees for new starters are reviewed annually.
- If you are on a two-year or three-year part-time structured masters course, the annual fee is payable in Year 1 and Year 2 of the course.
Scholarships and bursaries
We're committed to making sure that we offer support for students who might need it.
Terms and conditions
When you accept an offer of a place at the University of Surrey, you are agreeing to comply with our policies and regulations, and our terms and conditions. These terms and conditions are provided in two stages: first when we make an offer and second when students who have accepted their offers register to study at the University. View an example of our offer terms and conditions and our generic registration terms and conditions (PDF) as a guide as to what to expect.
Please note: our offer terms and conditions will generally be available in the September of the calendar year prior to the year in which you begin your studies. Our registration terms and conditions will vary to take into account specifics of your course and changes for the specific academic year.
This online prospectus has been prepared and published in advance of the academic year to which it applies. The University of Surrey has used its reasonable efforts to ensure that the information is accurate at the time of publishing, but changes (for example to course content or additional costs) may occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for a course with us. Read more.
Further, in light of the COVID-19 pandemic, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2022/23. These changes include the implementation of a hybrid teaching approach during 2022/23. Detailed information on all changes is available at our dedicated course changes webpage. This webpage sets out information relating to general University changes, and will also direct you to consider additional information relating to specific programmes.