Programme Specification – MSc Economics and Management (Formerly MSc Management
and Economics)
1. Awarding Body
2. Details of accreditation by a
professional/statutory body, e.g. ESRC;
BPS etc
3. Name of final award
4. Programme Title
5. Duration of the course
6. Based in the Department/Institute:
7. Relevant QAA subject benchmark
statements
8. UCAS Code
9. First written/last amended
LSE
N/A
MSc
Economics and Management
10 months (full-time only)
Management
N/A
N2U5
September 2007 / November 2012
10. The programme aims to:
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Combine economics at the Masters level with analytical courses in the management area.
Give students a thorough understanding of microeconomics and econometric methods and
show how these skills can be deployed in practical strategic settings.
Prepare students for PhD level study in management or careers in industry, finance and
consulting.
11. Programme outcomes: knowledge and understanding; skills and other attributes
At the end of the programme, students will be able to demonstrate the following:
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Knowledge and understanding of firm’s market strategies.
Knowledge and understanding of econometric methods and their applications.
An advanced understanding of a specialist subject of the student’s choosing.
Competence in quantitative techniques to an appropriate level
An ability to analyse new economic facts and models.
The ability to apply economic analysis and the technical skills appropriate to subsequent
employment.
Proficiency in (depending on courses chosen) some or all of the following:
a. skills in IT for general and academic purposes,
b. library and Internet research,
c. use of econometric software,
d. research-report writing,
e. oral presentation.
12. Teaching, learning and assessment strategies to enable outcomes to be achieved
and demonstrated
1. Teaching
The programme comprises compulsory courses in microeconomic analysis, economic methods
and corporate finance. Students also undertake and extended essay which should be linked to an
optional course taken. Further to these core courses, students take two optional courses designed
to build on the core courses. Students are required to attend preliminary courses during
September to ensure that all have the necessary background in mathematics and statistics before
the start of formal teaching. Teaching method comprises lectures and seminars.
2. Learning
Weekly classes covering problem sets and case studies.
Each student is allocated a personal tutor. All teachers hold regular office hours for student
consultations.
Information on study skills, IT training, library resources and language support is given to students
during induction and is available on the LSE website. The Department is represented on the
Library and Information Services Committee.
Comprehensive course packs, including reading lists, lecture notes, articles and other readings
are provided for each of the core courses.
3. Assessment
Formative assessment through marked class work, class presentations and written reports.
Summative assessment is mainly by means of examinations in the Summer Term. A 6000 word
extended essay is a requirement. This essay carries the weight of a half-unit.
13. Programme structures and requirements, levels, modules and awards
See the MSc Economics and Management programme regulations for further information.
Additional information
14. Criteria for admission to the programme
Applicants are required to have the equivalent of first class honours in their first degree. For most
British students this should have concentrated exclusively on economics and quantitative
subjects. Applicants should have majored in economics (not business studies), with standard
courses in intermediate macro and microeconomics, and a number of advanced courses that use
these as prerequisites. Applicants should have a solid quantitative background with at least a
year of calculus and statistics.
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1st class bachelors degree or equivalent in Economics
Graduates of non-UK institutions are required to submit a GRE or GMAT score. GRE
is preferred. Please see the class profiles page for an indication of the scores
expected.
English requirement: Higher
15. Indicators of quality
Demand for the programme in spite of premium fee level and recent introduction (2007)
Student feedback in formal assessment, informal reviews, and staff-student meetings
16. Methods for evaluating and improving the quality and standard of teaching and
learning
School quality assurance processes include:
 regular staff appraisal and review;
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improvements in teaching technique are effected by the Teaching and Learning
Centre (TLC) through observations, advice and further training;
induction programme and mentoring scheme for new members of staff;
Staff/student liaison committee;
centrally administered student satisfaction questionnaires by the Teaching Quality
Assurance and Review Office;
an improved system for ensuring that External Examiner’s
comments/recommendations are fed through to Departments and acted upon;
the School’s Teaching, Learning and Assessment Committee (TLAC) which regulates
all aspects of teaching quality;
annual monitoring of courses and periodic reviews every 3-5 years. The outcomes of
the annual reviews are presented to TLAC;
the School’s Undergraduate Studies Sub Committee and Graduate Studies Sub
Committee which oversee all taught programmes and ensure that significant changes
to programmes and courses pass through a sequence of formal stages to ensure that
curricular changes are appropriate and compatible with other developments.