MPhil: minimum 12 months full time; minimum 24 months part time
PhD: minimum 36 months full time; minimum 72 months part time
Fees per academic year 2013-14
Our research strengths are focused around a number of areas. Each of these involves externally funded research, international collaboration and / or the active involvement of doctoral students. Currently, the groups are:
The Economics of Safety, Health, Environment and Risk (ESHER). This group brings together world leading research in health economics and economics of safety and environment. ESHER is co-led by Professor Luke Vale, Health Foundation Chair in Health Economics and Professor Sue Chilton. Its areas of research include (www.ncl.ac.uk/ihs/research/disciplines/economics/):
• Valuing benefits/quantifying preferences in health, safety and environment;
• Development and application of economic evaluation;
• Priority setting in health care; and
• Econometric applications in studies of health, safety and the environment (especially income and health inequalities).
Quantitative Research in Economics and Finance (QREF). This includes staff from the Accounting, Finance and Economics subject areas. The general theme of the group is finance and financial services (banking, insurance, etc.), with an emphasis on risk management. It has strong expertise in quantitative modelling, whether using econometric, mathematical or statistical methods. Its areas of research include (http://www.ncl.ac.uk/nubs/research/centres/qref/):
• Retail financial services - banking and insurance;
• Quantitative risk management - credit risk modelling, density forecasting and value at risk;
• Financial econometrics - bootstrapping and simulation techniques forecasting, interest rate and term structure modelling, modelling contagion, time series nonlinearity, and volatility modelling;
• Financial markets - behavioural finance, statistical arbitrage, stock market microstructure, and technical analysis;
• Financial services industry - corporate pensions and employee benefit provision; and
• Accounting - experimental approaches to the incentive properties underlying the provision of information in agency settings.
In addition to these groups, the School offers supervision across the broad range of microeconomics and macroeconomics, and has a good number of doctoral students in these other areas. This includes international economics and labour economics, where we welcome applications. The School plans to launch a new research group in applied and theoretical microeconomics. Prospective applicants are encouraged to examine the research interests of staff.
Our PhD programmes also form part of the Finance and Economics pathway of the North East Doctoral Training Centre (DTC), which is funded and accredited by the ESRC and run jointly by the universities of Newcastle and Durham. This is a collaborative centre for world-class postgraduate research and training in the social sciences, which offers students a wealth of opportunities to work with leading researchers across a wide range of disciplines and benefit from high-quality training and state-of-the-art resources at both universities.
More information about our academic staff can be found on the School’s website.
There is an extensive research training programme at both the subject-specific level and generic level. At the generic level, the University's Humanities and Social Sciences Graduate School provides a full range of research training in professional/key skills, bibliographical techniques, and quantitative and qualitative methods.
An upper second-class Honours degree and preferably a Masters or an international equivalent in a relevant subject.
If you do not have a Master's degree, the School has a range of Master's programmes on offer. Alternatively, you may apply for 1+3 funding under the Doctoral Training Centre in which you first complete the MA in Finance and Economics (Research) before proceeding to the PhD track. This Master's degree is designed for applicants who have a relevant undergraduate degree but require research methods and subject-specific training in finance and / or economics.
If you already have a Master's degree that is not recognised by the ESRC as a Research Masters degree, and if you are funded through the Doctoral Training Centre, you will be expected to complete a PG Certificate in Research Methods as part of the Faculty Research Training Programme in your first year of doctoral study. This option may be available to other PhD students.
Applicants whose first language is not English require IELTS 7.0 or equivalent, with a minimum of 6.5 in written English, 6.5 in speaking, and a minimum 6.0 in all other sub skills.
Our INTO Newcastle University Centre can often provide extra tuition to help you meet the University's English language requirements
The UK Border Agency (UKBA) has rules for international students regarding minimum English language requirements.
The Economic and Social Research Council (ESRC) offers studentships under the North East Doctoral Training Centre (DTC) in each year. These are competitive, but with a steer towards the Finance and Economics pathway and advanced quantitative methods or collaborative research.
International Students, consult your own government for funding. The University offers International Scholarships, and there are funding opportunities by external organisations available.
Students should consult their employers for sponsorship opportunities.
Visit our postgraduate application site.
Applications are considered throughout the year, although funding deadlines do apply. Further application advice is available from the Faculty of Humanities and Social Sciences.
There are two possible start dates for your research degree:
However, these dates are not mandatory and in some circumstances permission can be granted for alternative start dates.
Please note: As a formal condition of the offer to study at Newcastle University, students from outside the UK/EU are required to pay a deposit of £1,500 or submit an official letter of sponsorship for their chosen programme. The deposit payment is non refundable, but will be deducted from tuition fees upon registration.
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