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Economics and Data Science MSc

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.

You are currently viewing course information for entry year:

Start date(s):

  • September 2023
Masters level study – Webinar - 29 March, 14:00-15:00 (BST)  


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

We also offer the following economics courses:

Important information

We've highlighted important information about your course. Please take note of any deadlines.

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.


You will study modules on this course. A module is a unit of a course with its own approved aims and outcomes and assessment methods.

How you'll learn

Your development

On completion of this course, you will be proficient in software packages including:

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 and Data Science 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.

Visit our Careers Service website

Quality and ranking

All professional accreditations are reviewed regularly by their professional body

Quality and ranking

  • 1st in the UK and 8th in the world for sustainable development – Times Higher Education Impact Rankings 2022
  • 42% of our research is classified as 4* world-leading research – Research Excellence Framework 2021
  • 65% increase in research power since 2014 – Research Excellence Framework 2021
  • Global Top 125 University - QS World University Rankings 2023
  • Global Top 140 University - Times Higher Education World University Rankings 2023
  • Top 125 for Business and Economics – Times Higher Education World University Rankings by Subject 2022
  • Top 185 for Social Sciences and Management - QS World University Rankings by Subject 2022

Professional accreditation and recognition

Newcastle University Business School accreditation

Newcastle University Business School is accredited by the:

Only 1% of business schools worldwide hold this triple crown. Our accreditations reflect the investments we make for our students through providing a high quality teaching environment, innovative programming and active engagement with industry.


We host the Newcastle Experimental and Behavioural Economics Lab, which is a state-of-the-art research facility for conducting studies in experimental economics.

Newcastle University Business School is one of the largest Schools in the University. We have over 3,500 students representing over 83 nationalities. This valuable network extends beyond our current students to include:

  • regional, nationality and international leaders
  • alumni
  • leading professionals and practitioners from industry

The Business School is based in a building within the Newcastle Helix development – Newcastle's emerging business district.

Our facilities provide:

  • a flexible and dedicated conference suite with panoramic views across the city
  • Wi-Fi enabled connectivity throughout the building, including three computer clusters housing approximately 120 PCs
  • four large lecture theatres and 21 seminar rooms, providing comfortable teaching and group study space
  • a dedicated Hub, Base, and Lounge providing a balanced mix of study space and relaxation areas
  • a contemporary café

Find out more about Newcastle University Business School

Fees and funding

Tuition fees for 2023 entry (per year)

What you're paying for

Tuition fees include the costs of:

  • matriculation
  • registration
  • tuition (or supervision)
  • library access
  • examination
  • re-examination
  • graduation

Some of our degrees involve additional costs which are not covered by your tuition fees.

Find out more about:

  • additional costs
  • living costs
  • tuition fees, including how to pay them and available discounts

Search for funding

Find funding available for your course

Entry requirements

The entrance requirements below apply to 2023 entry.

Qualifications from outside the UK

English Language requirements

Admissions policy

This policy applies to all undergraduate and postgraduate admissions at Newcastle University. It is intended to provide information about our admissions policies and procedures to applicants and potential applicants, to their advisors and family members, and to staff of the University.

Download our admissions policy (PDF: 201KB)
Other policies related to admissions

Credit transfer and Recognition of Prior Learning

Recognition of Prior Learning (RPL) can allow you to convert existing relevant university-level knowledge, skills and experience into credits towards a qualification. Find out more about the RPL policy which may apply to this course

How to apply

Using the application portal

The application portal has instructions to guide you through your application. It will tell you what documents you need and how to upload them.

You can choose to start your application, save your details and come back to complete it later.

If you’re ready, you can select Apply Online and you’ll be taken directly to the application portal.

Alternatively you can find out more about applying on our applications and offers pages.

Apply Online  

Open days and events

You'll have a number of opportunities to meet us throughout the year including:

  • campus tours
  • on-campus open days
  • virtual open days
  • webinars

Find out about how you can visit Newcastle in person and virtually

Overseas events

We regularly travel overseas to meet with students interested in studying at Newcastle University.

Visit our events calendar for the latest events

Get in touch

Questions about this course?

If you have specific questions about this course you can contact:

Professor Atanu Ghoshray
Newcastle University Business School
Telephone: +44 (0) 191 208 1503
Contact Newcastle University Business School


For more general enquiries you could also complete our online enquiry form.

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