University of Warwick

What you'll study

The MRes/PhD pathway begins with a structured research-training year (the MRes phase) that consolidates core tools in microeconomics, macroeconomics and econometrics and introduces specialised field topics. Core areas covered include advanced microeconomic theory, dynamic macroeconomic models, probability and statistical inference, and time-series and microeconometric methods. Students choose from field courses such as labour economics, industrial organisation, public economics, development economics, behavioural economics, financial economics and applied microeconometrics.

During the research phase you will move from taught modules to independent research. Typical components include advanced coursework, problem sets and unseen examinations in core subjects, field course assignments, a research proposal, literature reviews and a first-year research paper. After successful completion of the MRes coursework and assessment, students upgrade to PhD registration and concentrate on a supervised doctoral thesis, attending research seminars, presenting work-in-progress, and participating in reading groups and specialised short courses on computational and empirical techniques.

Training emphasises technical competence (mathematical methods, optimisation, stochastic processes), empirical identification strategies (experimental and quasi-experimental methods, panel and cross-section techniques), and professional research skills (writing, presentation and policy communication). Students also have access to computing and data resources and are encouraged to undertake collaborative projects with faculty and other research centres at Warwick.

Entry requirements

Applicants should normally hold a good undergraduate degree in economics, mathematics, statistics, or another quantitative discipline; for direct entry to the PhD registration strong performance in a relevant master’s degree (or completion of a Warwick MRes with high marks) is typically expected. Typical academic profiles include first-class or strong upper-second undergraduate honours with substantial quantitative content, or a master’s degree with distinction or equivalent demonstration of research potential.

Successful applicants will demonstrate prior training in calculus, linear algebra, probability and statistical inference, and introductory microeconomics and macroeconomics. Evidence of ability to undertake independent research—such as a dissertation, research assistant experience, or relevant publications—is highly valued. Applicants for whom English is not a first language must meet the department’s English language requirements (for example by providing recognised test scores).

The selection process takes into account academic records, references, a statement of research interests, and the fit between the applicant’s research proposal and potential supervisors’ expertise. Some applicants may be invited to an interview or to submit sample work.

Career prospects

Graduates of the MRes/PhD Economics programme pursue careers across academia, government, and the private sector. Many go on to postdoctoral positions and lectureships in universities, or to research roles in central banks and national statistical agencies. Other common destinations include international organisations, economic consultancies, think tanks, regulatory bodies and large firms where advanced analytical and empirical skills are required.

Alumni also work in data science and quantitative roles in finance and technology firms, using econometric and computational training to tackle real-world problems. The programme’s emphasis on rigorous research design, advanced econometrics and professional presentation prepares students for roles that demand high-level analytical reasoning and evidence-based policy advice.

Why study at University of Warwick

The Department of Economics at Warwick provides an intensive research environment with regular departmental seminars, workshops and reading groups that expose students to current work in theory and applied economics. Supervision is provided by faculty with active research programmes across a broad range of fields, and students benefit from interdisciplinary links with other departments and research centres at Warwick.

Doctoral students have access to dedicated training in research methods, computing facilities and econometric software, and opportunities to present at internal and external colloquia. The department’s research culture, combined with tailored supervisory support and a structured first-year training programme, helps students transition from taught coursework to independent, publishable research.

Overall, the MRes/PhD route at Warwick is designed for those who aim to build a professional research profile and acquire the technical foundation necessary for competitive careers in academia, public policy and high-level quantitative roles in the private sector.