phd economics edinburgh

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PhD Economics

SoSS Research and Knowledge Exchange Office

+44(0) 131 451 4454

[email protected]

Economics research at Heriot-Watt is focused around our two research centres:

• The Spatial Economics and Econometrics Centre (SEEC)
• The Centre for Energy Economics Research and Policy  (CEERP)

We also have expertise in the area of Development Economics right from household behaviour through to wider demographic issues, as well as Macro and Monetary Economics, notably monetary policy.

Programme duration

Normally 3 years.

Entry requirements

• Fees and funding

Research projects

In addition to our research on economics of transition, our other research areas include

Research in industrial economics Labour economics research includes the informal sector and labour markets in developing and transition countries.

Applied Econometrics

Instrumental variables estimators and testing procedures for the software package Stata.

Development Economics

Middle-Eastern economies, insurance in developing countries.

Energy Economics

Energy efficiency and utilisation production, resources.

Industrial Economics

Research includes the performance of regulated industries, particularly water, and enterprise restructuring in transition economies.

Macroeconomics

Monetary policy fiscal policy, exchange rate regimes, EMU, and gravity models of trade.

We welcome applications from suitably qualified candidates. Please note that it is not necessary to have identified a potential supervisor before submitting your application.

Students successful in obtaining a place on our PhD programme normally commence their research studies at the start of the academic year in September. However, it is possible to join the PhD programme at an agreed date during the academic year.

Applications should be submitted via the Heriot-Watt online application portal .

N.B: In order that your application can be processed please ensure all of the supporting documents listed below are submitted with your application:

1. Academic Transcripts and Degree Certificates

Copies of full academic transcripts from all previous academic degree courses and copies of degree certificates for degrees already awarded.

If you are currently pursuing a degree course please provide all available marks to date.

2. Research Proposal

The research proposal should be around 5-8 pages long and contain as much as possible of the following: an introduction or outline of the proposed topic; a statement of objectives and/or specific research questions; a summary of some of the relevant literature which supports the research objective(s); an indication of the intended research methodology; an indication of the theoretical structure and/or conceptual outline; a provisional timetable of the major phases of the research process; results expected from the research e.g. practical value of the research or possible contributions to knowledge or policy or methodology. At this stage we are not looking for a definitive document but merely an indication that you have thought through most of the above issues.

Please note that work submitted may be subject to screening via plagiarism software.

3. English Language Requirements

See section on English Language Requirements below.

4. Funding Information

You should confirm how you are proposing to fund your studies.

5. References

If you have references available these should be submitted with your application. If they are not currently available please ensure that you provide the names and contact details, including email addresses, of two academic referees on the application form. You may also submit a Curriculum Vitae if you wish.

English language requirements

If you have not already studied a degree programme that was taught and examined in the medium of English we require evidence of language proficiency:

For IELTS: the minimum overall IELTS score is 6.5 with no score lower than 6.0 in Reading, Writing, speaking and Listening.

Read further information on Tier 4 (General) student visa .

• Your residency 'status' is usually defined as the country where you have been ordinarily resident for the three years before the start of your course. Find out more about tuition fees .
• Overseas includes applications from European Union countries who do not hold Pre-Settled or Settled status in the UK. Read more about the application process for EU nationals .

Scholarships and bursaries

We aim to encourage well-qualified, ambitious students to study with us and we offer a wide variety of scholarships and bursaries to achieve this. Over £6 million worth of opportunities are available in fee and stipend scholarships, and more than 400 students benefit from this support.

View our full range of research scholarships .

Economics PhD The University of Edinburgh

Key course facts, student reviews.

Below you can see course specific reviews for 30 graduates of Economics PhD at The University of Edinburgh for each of the survey questions in comparison to the average for all UK degree courses in Finance, Banking, Corporate Finance, Fintech.

Salary of Graduates in Accounting

Important: Salary data below is not course specific, but contains data of all students of Finance, Banking, Corporate Finance, Fintech at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students .

Salary of all UK Graduates of Accounting

Course description.

Our PhD programme enables you to pursue your academic interests, and learn the latest methods in research, while providing you with thorough training in modern economics.

Research rankings

We have an impressive history of high rankings for our research.

In the most recent Research Assessment Exercise, 25% of our research was judged world-leading in its originality, significance and rigour. A further 45% was judged internationally excellent.

Academic staff profiles

There are 34 staff members and around 30 PhD students. Profiles of all our economics staff and students are available on the economics website:

Accredited by the Association of Chartered Certified Accountants (ACCA) for the purpose of exemptions from some professional examinations.

Accredited by the Association of International Accountants (AIA) for the purpose of exemption from some professional examinations.

Accredited by the Association to Advance Collegiate Schools of Business (AACSB) .

Accredited by the Chartered Institute of Management Accountants (CIMA) for the purpose of exemption from some professional examinations through the Accredited degree accelerated route.

Accredited by the Chartered Institute of Public Finance and Accountancy (CIPFA) for the purpose of exemption from some professional examinations.

Accredited by the EFMD Quality Improvement System.

Accredited by the Institute of Chartered Accountants in England and Wales (ICAEW) for the purpose of exemption from some professional examinations.

Accredited by the Institute of Chartered Accountants Scotland (ICAS) for the purpose of exemption from some professional examinations.

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

What graduates are doing after 15 months

Current jobs, job in line with future plans, utilise skills from studies, work is meaningful, required skill level of job after 15 months, % skilled jobs, jobs of graduates of this course (15 months after graduation).

Example below based on all graduates of Economics PhD at The University of Edinburgh

Grading & Study Time

Assessment methods, study time distribution, entry requirements / admissions, ucas tariff of accepted students for this course.

Entry requirements for individual programmes vary, so please check the details for the specific programme you wish to apply for on our website. You will also need to meet the University’s language requirements.

Average student cost of living in the UK

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

University Rankings

Positions of the university of edinburgh in top uk and global rankings., rankings of the university of edinburgh in related subject specific rankings., social studies & humanities, about the university of edinburgh.

The University of Edinburgh is located in the Scottish city of the same name, and is one of the oldest universities in the entire United Kingdom, having opened in the year 1583. The university enjoys a strong reputation for its contributions to international research efforts, which is reflected in their inclusion in the Russell Group, Universitas 21, and Una Europa. Edinburgh offers its residents a historic yet modern city, with a lively nightlife scene, reliable public transport, and friendly locals.

List of 686 Bachelor and Master Courses from The University of Edinburgh - Course Catalogue

Where is this programme taught

Similar courses

Ranking publishers, the university league tables, cug the complete university guide - by subject  (published: 08 june, 2023).

view methodology

The Guardian News and Media Limited

The guardian university league tables by subject  (published: 09 september, 2023), shanghairanking consultancy, gras global ranking of academic subjects - shanghairanking  (published: 19 july, 2022), urap university ranking by academic performance - by field  (published: 22 july, 2023).

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Economics MSc

The university of edinburgh, different course options.

• Key information

Course Summary

Tuition fees, entry requirements, similar courses at different universities, key information data source : idp connect, qualification type.

MSc - Master of Science

Subject areas

Course type.

We offer three MSc programmes that provide you with a high-quality and thorough training in economics and econometrics.

The programmes are research-oriented and are highly challenging, making heavy use of analytical theory, mathematics and statistics.

Our MSc programmes will equip you with the tools a professional economist needs to work in government or in international organisations, to conduct economic research.

We deliver rigorous training in the core areas of economics to give you comprehensive knowledge in the latest analytical and quantitative techniques.

Our graduates have found employment in a wide variety of private and public organisations in the UK and abroad including: financial services; Civil Service; UK Government Economic Service; Department for International Development; economists with overseas development agencies and international institutions; research economists with journals and media agencies.

Our MSc programmes are research-oriented and act as a pathway into PhD study globally. Our programmes are the only Economics and Social Research Council (ESRC) recognised pathway to PhD economics study in Scotland.

UK fees Course fees for UK students

For this course (per year)

International fees Course fees for EU and international students

A strong UK 2:1 honours degree, or its international equivalent, in economics or mathematics related subjects. We look for high grades from your undergraduate studies covering calculus and integration, probability theory and linear algebra.

PGCE Secondary: Business Management and Economics

University of roehampton, health economics msc, city, university of london, financial economics msc, energy and environmental technology and economics msc, global political economy ma.

Degree Programme Table: Economics (PhD with Integrated Study) - 4 Years (Full-Time) (PRPHDECNMC2F)

Year 1 academic year: 2022/23, starting in: october, compulsory courses, course options, msc(r) economics option courses, year 2 academic year: 2022/23, starting in: october.

There are no compulsory courses in this year of this programme.

Year 3 Academic year: 2022/23, Starting in: October

Year 4 academic year: 2022/23, starting in: october.

PhD in Business Economics entry requirements

Admission to our PhD in Business Economics is highly competitive. While academic credentials are important for a successful application we also pay great attention to the fit of students to both the programme and the research interests of our academic faculty.

Apply early. Supervisors can accept students on a first-come, first-served basis, and the programme may close early if it reaches capacity.

Full details of the academic, English language, and application requirements for your application are detailed below.

Requirements

• English language
• Application

Applicants for the PhD in Business Economics programme should hold a postgraduate master's degree from an accredited institution in the UK or overseas showing evidence of above-average academic achievement. This includes:

• A degree classification with a mark of 65% or more overall (or UK equivalent).
• Normally a master's dissertation at the distinction level (or UK equivalent). Those with an MBA or masters' students without a dissertation are welcome to apply but should provide evidence of distinction-level work within their degree.
• Applicants with significant industry experience or with relevant professional qualifications will be given due consideration on a case-by-case basis. However, these applicants must also have a minimum of a bachelors degree in a relevant programme with significant quantitative elements.

Applications may be accepted from those still currently studying for a master's degree; however, any offer will be conditional on the successful completion of the degree at the required standard.

Please note: If you are currently studying for or have completed an undergraduate degree and do not yet have a Master's qualification, please consider applying for our MSc by Research programme. You can use this as a stepping stone on to any of our PhD programmes.

You must demonstrate English language competency at a level that will enable you to succeed in your studies, regardless of your nationality or country of residence. You can do this either by providing an approved English certificate, or providing a degree certificate.

English language certificates

We accept the following English language qualifications as evidence when they meet the minimum grades:

• IELTS (International English Language Testing System) including IELTS Online: 7.0 (at least 6.0 in each section)
• TOEFL (Test of English as a Foreign Language) iBT (including Special Home Edition): total 100 (at least 20 in each section)
• C1 Advanced (formerly CAE) and C2 Proficiency (formerly CPE) : total 185 (at least 169 in each module)
• Trinity ISE (Integrated Skills in English) : ISE III with a Pass in all four components
• PTE (Pearson Test of English) : total 70 (at least 59 in each section) (Please note that we have suspended acceptance of PTE Academic Online with immediate effect)

Your English language qualification must be no more than two years old from the start date of the programme you are applying to study, unless you are using C1 Advanced and C2 Proficiency, in which case it can be no more than three and a half years old.

Degrees taught and assessed in English

For evidence of English competency we accept an undergraduate or postgraduate degree that has been taught and assessed in a majority English speaking country, as defined by UK Visas and Immigration:

• UKVI list of majority English speaking countries

We also accept a degree that has been taught and assessed in English from a university on our list of approved universities in non-majority English speaking countries.

• Approved universities in non-majority English speaking countries

If you are not a national of a majority English speaking country, then your degree must be no more than five years old at the start of the month in which your programme of study begins.

More on English language requirements

In order to apply for a PhD you need to consider:

1. What is your research proposal?

Your research proposal

2. Who do you intend to work with while undertaking your research?

We strongly recommend you make contact with a potential supervisor before applying. In your application, you must name your preferred supervisor (or up to 3 in order of preference) and the academic research area you wish to work in.

Choosing a supervisor and research area

3. Do you have the supporting documents needed for your application?

Required documents guidelines

Please be aware that only complete applications will be considered. Complete applications must contain all necessary documents, including a proposed supervisor or indicating a research group in the Business School.

Joining from overseas

If you are an international student, you may need to apply for permission to study in the UK. Our Edinburgh Global office on provides information on immigration and visa requirements for students.

Immigration information

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• Schools & departments

PhD studentship in "Machine Learning Theory & Economics"

Deadline: 5 January 2024 (or until the position is filled)

One fully funded, full-time PhD position to work with Dr Fengxiang He at the Artificial Intelligence and its Applications Institute (AIAI), School of Informatics, University of Edinburgh on a project titled “Machine Learning Theory & Economics”.

The aim of this project could be in deep learning theory, privacy in machine learning, theory of decentralised learning, symmetry in machine learning, learning theory in game-theoretical problems, and their applications in economics, such as auction, voting, resource allocation, and decentralised finance.

Candidate’s profile

• A Bachelor’s Hons degree (at class 2.1 or above, or international equivalent) and/or Master’s degree in a relevant subject (mathematics, statistics, economics, or related subject)
• A strong mathematical background, with an emphasis on analysis, algebra, geometry, differential equation, probability, and statistics. Recipients of mathematics competition medals are highly desirable
• Proficiency in English (both oral and written)
• Relevant research experiences in machine learning, statistics, economics, etc. are desirable but not necessary
• Programming skills in Python, PyTorch, TensorFlow, etc. are a plus but not necessary

Studentship and eligibility

The School funded studentship starting in the academic year 2023/24 covers:

• Full time PhD tuition fees for a student with a Home fee status (£4,712 per annum) and/or overseas fee status (£29,700 per annum)
• A tax-free stipend of £18,622 per year for 3.5 years
• Additional programme costs of £1,000 per year

Application information

Applicants should apply via the University’s admissions portal (EUCLID) and apply for the following programme: AIAI: Foundations and Applications of Artificial Intelligence, Automated Reasoning, Agents, Data Intensive Research .

Applicants should select a start date to start their application, as follows:

• 1 May 2024 (Home applicants only)
• 1 September 2024 (Home and International applicants)

Applicants should state “ Machine Learning Theory & Economics ” and the research supervisor ( Dr Fengxiang He ) in their application and Research Proposal document.

Complete applications submitted by 5 January 2023 will receive full consideration; after that date applications will be considered until the position is filled. The anticipated start date is 1 May 2024 , 1 September 2024 , or later depending on immigration requirements of the successful applicant.

Applicants must submit:

• All degree transcripts and certificates (and certified translations if applicable)
• Evidence of English Language capability (where applicable)
• A short research proposal (max 2 pages)
• A full CV and cover letter describing your background, suitability for the PhD, and research interests (max 2 pages)
• Two references (note that it the applicant’s responsibility to ensure reference letters are received before the deadline)

Only complete applications (i.e., those that are not missing the above documentation) will progress forward to Academic Selectors for further consideration.

Applicants are highly encouraged to contact Dr Fengxiang He  at [email protected] to discuss their cases before submissions.

Environment

The School of Informatics is one of the largest in Europe and currently the top Informatics institute in the UK for research power, with 40% of its research outputs considered world-leading (top grade), and almost 50% considered top grade for societal impact. The University of Edinburgh is constantly ranked among the world’s top universities and is a highly international environment with several centres of excellence.

The School of Informatics is exceptionally strong in the area of AI, hosting one of the largest groups for AI in the world. The successful applicant will be part of the Trustworthy AI & Economics group and will have the opportunity to interact with the other members of the group and more widely within the School of Informatics.

Dr Fengxiang He is Lecturer at Artificial Intelligence and its Application Institute, School of Informatics, University of Edinburgh. He received BSc in statistics from University of Science and Technology of China, MPhil and PhD from the University of Sydney. His research interest is trustworthy AI, with emphasis on deep learning theory and explainability, theory of decentralised learning, symmetry in machine learning, learning theory in game-theoretical problems, and their applications in economics and finance. He is a member of IEEE's Global Initiative on XR Ethics, AI/ML Terminology and Data Formats Working Group, Decentralized Metaverse Initiative, and Ethical Assurance of Data-Driven Technologies for Mental Healthcare. He is an Area Chair of UAI, AISTATS, and ACML. Please visit Fengxiang He's homepage for more information.

Dr Fengxiang He

This article was published on 2024-03-18

• Schools & departments

Economics / Economics (Econometrics) / Economics (Finance) MSc

Awards: MSc

Study modes: Full-time

Funding opportunities

Programme website: Economics / Economics (Econometrics) / Economics (Finance)

Discovery Day

Join us online on 18th April to learn more about postgraduate study at Edinburgh

View sessions and register

Programme description

We offer three MSc programmes that provide you with a high-quality and thorough training in economics and econometrics.

The programmes are research-oriented and are highly challenging, making heavy use of analytical theory, mathematics and statistics.

Scottish Graduate Programme in Economics

The Scottish Graduate Programme in Economics (SGPE) is part of a unique collaborative venture that combines the teaching expertise of eight Scottish universities:

• University of Aberdeen
• University of Dundee
• University of Edinburgh
• University of Glasgow
• Heriot-Watt University
• University of St Andrews
• University of Stirling
• University of Strathclyde

All three MSc programme degrees are awarded by the University of Edinburgh and are taught in Edinburgh by Economics faculty from the associated Scottish universities who belong to the SGPE.

Programme duration

The programmes last one year (or two years if taken part-time). Each route leads to the award of any of the following:

• MSc Economics
• MSc Economics (Finance)
• MSc Economics (Econometrics)

Find out more about studying economics with us:

• Why study economics with us

Programme structure

The MSc programmes consist of preliminary, core and optional courses, a residential conference and a dissertation.

• MSc Programme structure

We do not offer an online learning option for our MSc programmes.

Find out more about compulsory and optional courses

We link to the latest information available. Please note that this may be for a previous academic year and should be considered indicative.

Learning outcomes

Our MSc programmes will equip you with the tools a professional economist needs to work in government or in international organisations, to conduct economic research.

We deliver rigorous training in the core areas of economics to give you comprehensive knowledge in the latest analytical and quantitative techniques.

You will also gain a firm grounding in mathematical and econometric techniques, as well as microeconomics and macroeconomics.

Career opportunities

Our graduates have found employment in a wide variety of private and public organisations in the UK and abroad including:

• financial services
• Civil Service
• UK Government Economic Service
• Department for International Development
• economists with overseas development agencies and international institutions
• research economists with journals and media agencies

Further study

Our MSc programmes are research-oriented and act as a pathway into PhD study globally.

Our programmes are the only Economics and Social Research Council (ESRC) recognised pathway to PhD economics study in Scotland.

Entry requirements

These entry requirements are for the 2024/25 academic year and requirements for future academic years may differ. Entry requirements for the 2025/26 academic year will be published on 1 Oct 2024.

A strong UK 2:1 honours degree, or its international equivalent, in economics or mathematics related subjects. We look for high grades from your undergraduate studies covering calculus and integration, probability theory and linear algebra.

Some applicants may receive an offer that is conditional on successful completion of our Pre-sessional Summer Programme.

You can apply without having a graduate admissions exam result (GRE or GMAT). Your application, however, may be substantially stronger if you do include such a result. We generally look for a quantitative reasoning result in the 80th percentile or higher. We do not formally consider results from the Verbal and Analytical sections in our assessment of your application.

See our eligibility requirements online for more details.

• Eligibility requirements

If, after reading our eligibility requirements, you are unsure if you qualify, you are welcome to email [email protected] a scanned transcript of your marks for informal feedback.

Students from China

This degree is Band C.

• Postgraduate entry requirements for students from China

International qualifications

Check whether your international qualifications meet our general entry requirements:

• Entry requirements by country
• English language requirements

Regardless of your nationality or country of residence, you must demonstrate a level of English language competency at a level that will enable you to succeed in your studies.

English language tests

We accept the following English language qualifications at the grades specified:

• IELTS Academic: total 7.0 with at least 6.5 in reading and listening, and 6.0 in all other components. We do not accept IELTS One Skill Retake to meet our English language requirements.
• TOEFL-iBT (including Home Edition): total 100 with at least 23 in reading and listening, and 20 in speaking and writing. We do not accept TOEFL MyBest Score to meet our English language requirements.
• C1 Advanced ( CAE ) / C2 Proficiency ( CPE ): total 185 with at least 176 in reading and listening, and 169 in speaking and writing.
• Trinity ISE : ISE III with passes in all four components.
• PTE Academic: total 70 with at least 62 in reading and listening, and 59 in each other component.

Your English language qualification must be no more than three and a half years old from the start date of the programme you are applying to study, unless you are using IELTS , TOEFL, Trinity ISE or PTE , in which case it must be no more than two years old.

Degrees taught and assessed in English

We also accept an undergraduate or postgraduate degree that has been taught and assessed in English in a majority English speaking country, as defined by UK Visas and Immigration:

• UKVI list of majority English speaking countries

We also accept a degree that has been taught and assessed in English from a university on our list of approved universities in non-majority English speaking countries (non-MESC).

• Approved universities in non-MESC

If you are not a national of a majority English speaking country, then your degree must be no more than five years old* at the beginning of your programme of study. (*Revised 05 March 2024 to extend degree validity to five years.)

Find out more about our language requirements:

Fees and costs

Tuition fee deposit.

Students applying for entry for the 2024/25 academic year will not be required to pay a tuition fee deposit.

Prospective students for future years should keep an eye on our website for updates: * Eligibility and Application Requirements

Scholarships and funding

Featured funding.

• Fee discounts, funding and scholarships for MSc Economics students

UK government postgraduate loans

If you live in the UK, you may be able to apply for a postgraduate loan from one of the UK’s governments.

The type and amount of financial support you are eligible for will depend on:

• your programme
• the duration of your studies
• your tuition fee status

Programmes studied on a part-time intermittent basis are not eligible.

• UK government and other external funding

Other funding opportunities

Search for scholarships and funding opportunities:

• Search for funding

Further information

• Phone: +44 (0)131 650 6536
• Contact: [email protected]
• School of Economics
• 30/31 Buccleuch Place
• Central Campus
• Programme: Economics / Economics (Econometrics) / Economics (Finance)
• School: Economics
• College: Arts, Humanities & Social Sciences

Select your programme and preferred start date to begin your application.

MSc Economics (Econometrics) - 1 Year (Full-time)

Msc economics (finance) - 1 year (full-time), msc economics - 1 year (full-time), application deadlines.

Due to high demand, the school operates a number of selection deadlines. We will make a small number of offers to the most outstanding candidates on an ongoing basis, but hold the majority of applications until the next published selection deadline when we will offer a proportion of the places available to applicants selected through a competitive process.

Please be aware that applications must be submitted and be complete, i.e. all required documents uploaded, by the relevant application deadline in order to be considered in that round. Your application will still be considered if you have not yet met the English language requirement for the programme.

Deadlines for applicants applying to study in 2024/25:

• How to apply

You must submit one reference with your application.

You are required to provide a document summarising your most advanced microeconomics, macroeconomics and econometrics courses, including details of the topics covered and the primary textbooks used. Your application will be on hold until this document has been submitted.

Please only apply for one of the three programmes. Any duplicate application will not be considered. Transfer between these is permitted upon registration.

Find out more about the general application process for postgraduate programmes: