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CM031/CM032ECO08 Masters specialising in Applied Economics

Programme convener: Associate Professor I Woolard

Entrance requirements:

An average of at least 65% in an Honours degree in Economics. Before admission to this stream of the programme a candidate shall have completed quantitative courses in Econometrics at Honours level‚ or the equivalent. A candidate who has not completed these courses‚ or their equivalent‚ shall be required to complete these as preliminary work whilst registered as a candidate for the degree in addition to the prescribed courses. Applicants may be required to undertake a Graduate Record Examination (GRE) test. Recommendation of acceptance is at the discretion of the Graduate Committee of the School of Economics.

Programme outline:

The School of Economics offers a Masters specialising in Applied Economics in recognition of the need for a flexible programme structure which allows students to focus on research while choosing a curriculum best suited to their abilities and interests. The aim is to equip students with essential research skills (both quantitative and writing skills) and knowledge in their chosen area of specialisation. The 120 credit dissertation weighting allows students to qualify for NRF funding.

Duration of the programme:

Offered over two years full–time. The programme begins in January.

Prescribed curriculum/programme structure:

This programme comprises two compulsory courses‚ two optional courses and a dissertation (ECO5066W). Students taking ECO5046F or ECO5021F or ECO5020F are required to take ECO5011F Quantitative Methods for Economists prior to registering for these courses. A candidate will ordinarily complete the prescribed courses in the first year‚ and will be expected to complete the dissertation within the following year. The programme comprises 240 credits.

Coursework component

Compulsory courses


ECO5046F

Advanced Econometrics

30

At least one of:

ECO5021F

Advanced Macroeconomics

30

ECO5020F

Advance Microeconomics

30


Optional courses

Two courses to be chosen from the following (one course if both Macroeconomics and Microeconomics are chosen in the first semester):

Research Component 

ECO5001S

The Economics of Private Impulses and Public Costs

30

ECO5025F

Asset Pricing

30

ECO5050S

International Finance

30

ECO5052S

Natural Resource Economics

30

ECO5057S

Labour Economics

30

ECO5062S

Applied International Trade

30

ECO5064S

Views of Institutional and Behavioural Economics

30

ECO5069S

Applied Time Series Analysis

30

ECO5070S

Microeconometrics

30

ECO5073S

Problems of Globalisation‚ Industrialisation and Development

30

ECO5074F

Research and Policy Tools

30

ECO5003F

Governance and Growth

30

ECO5077S

Industrial Organisation

30

ECO5075S

Macroeconomic Policy Analysis

30

ECO5076S

Development Microeconomics

30


 

ECO5066W

Minor Dissertation

120

Total

240


Options may be added or withdrawn according to circumstances each year. Students may take one approved course from a cognate discipline as an optional course (in either semester). Please consult the School of Economics section of this handbook for descriptions of the compulsory and elective courses.

Assessment:

To qualify for the Masters degree‚ students must pass all courses including the research component to the value of 240 HEQF credits. Candidates are normally expected to complete all the coursework within one year. The 120 credit dissertation‚ which should be no longer than 25 000 words in length‚ is expected to be completed in the year following the coursework.

Readmission rules:

Students who fail may repeat a maximum of two courses of the coursework component once‚ provided that they scored at least 40% at first attempt. If a student fails an elective‚ they may substitute it with another elective. There will be no supplementary examinations. Satisfactory progress for research as per MoU’s (Memorandum of Understanding).

Distinction rules:

The degree will be awarded with distinction if the candidate obtains an overall average mark of 75% or higher‚ and if the candidate obtains not less than 70% for both the coursework component and the dissertation component of the degree.

Further programme specific administrative requirements:

In addition to completing the University application form‚ students applying from outside of UCT must also submit the course outlines of their highest level Economics courses as well as the names and contact details of two referees to the Graduate Administrator‚ School of Economics before 31 October. The programme begins in January.