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Economics and Data Science MSc

Unlock the power of data in Economic Analysis with our Economics and Data Science Master's course. Gain the skills and expertise necessary to navigate the complex world of big data. Learn to use methods such as Random Forests, clustering algorithms and text-as-data methods

You are currently viewing course information for entry year:

Start date(s):

  • September 2024
Supporting your PG career. Join our webinar on Wednesday 24 July, 2pm-3pm (BST)


Our core modules equip you with the tools to extract valuable insights and drive innovation. You'll learn how to improve data-driven decision-making of individuals, firms and governments. You can tailor your degree with a range of optional modules. You'll apply your learning by completing a dissertation using real data.

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 courses for candidates with a substantial background in Economics (undergraduate degree in Economics or equivalent):

We offer the following course for candidates without a background in Economics:

Important information

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

What you'll learn

You will acquire advanced skills in:

  • economic theory
  • quantitative methods
  • data analysis

You'll develop strong foundations in econometrics and mathematical economics. We'll equip you with the tools needed to analyse and solve real-world economic problems.

Our programme covers a wide range of topics. These include microeconomics and macroeconomics. You'll be able to delve into advanced concepts and maximise your expertise.

You'll gain hands-on experience with specialist software packages used in the field. You'll become more proficient in data analysis and interpretation.

By the end of the programme, you'll have a deep understanding of economic theory and quantitative techniques. You'll be able to extract meaningful insights from complex datasets.

You will develop essential soft skills valued in today's professional landscape. These include:

  • effective communication
  • critical thinking
  • collaboration


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

Access advanced software most frequently used in business and government to support your studies.

Software packages include:

  • R
  • Python
  • Stata

Real business skills

You will have the unique opportunity to apply economic theory to real-world problems, bridging the gap between academia and practical applications. You'll engage in stimulating lectures delivered by specialists at the forefront of their fields. They will provide you with valuable insights and perspectives. As you progress through the programme, you'll develop a critical mindset. You'll challenge and evaluate current research ideas and topics in economics.

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. Our programme prepares you to tackle complex economic challenges with confidence. You'll combine theoretical foundations with hands-on application.

Skills and experience

You will gain practical experience in analysing and solving real-world problems. This will equip you with the skills needed to make informed decisions and propose innovative solutions in any sector.

Your future

On graduating, you will 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.

Visit our Careers Service website

Quality and ranking

All professional accreditations are reviewed regularly by their professional body


Newcastle University Business School is one of the largest Schools in the University. We have over 3,500 students representing over 80 nationalities. This valuable network extends beyond our current students to include:

  • regional, national and international leaders
  • over 34,000 alumni in our network, spanning over 150 countries
  • leading professionals and practitioners from industry

The Business School is the gateway to Newcastle Helix - an innovation hub and community that brings together industry leaders, businesses and top researchers.

Our facilities include:

  • flexible conference room with panoramic views across the city
  • Wi-Fi enabled connectivity throughout the building, including three computer clusters housing over 120 PCs
  • four large lecture theatres and over 25 seminar and teaching spaces, providing comfortable teaching and group study space
  • dedicated Student Hub and Quiet Space, providing a balanced mix of study space for group work or quiet, individual study
  • contemporary café
  • employability hub to support your career aspirations
  • Bloomberg Room to give you a real feel for the trading room floor
  • Experimental and Behavioural Economics Lab, a state-of-the-art research facility for conducting studies in experimental economics and economic psychology

The Frederick Douglass Centre at Newcastle Helix also offers further study and learning spaces. This includes a 750 seat auditorium – the largest in the University.

Find out more about Newcastle University Business School

Main Newcastle University Business School building viewed from St James' Park

Fees and funding

Tuition fees for 2024 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

Find out more about:

Search for funding

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Entry requirements

The entrance requirements below apply to 2024 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 (Degree Programme Director)
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.

Fill in our enquiry form

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