Master of Philosophy in Economics

Differences from 2017/18 to 2023/24

1. The regulationscourse madeshall bybe under the Divisional Boardsupervision of Socialthe SciencesGraduate areStudies asCommittee follows:of the Department of Economics. 

2. Each candidate will be required to follow a course of instruction in Economics for six terms. 

First-year examinations 

There3. All candidates will betake three compulsory  subjects topapers: beMacroeconomics, Microeconomics and Econometrics, each examined by an unseen written examination at the endbeginning of Trinity term. Candidates will normally take the “Core” versions of the firstpapers, yearbut may take one or more of the course“Advanced” versions with the permission of the Graduate Studies Committee.  

  • (a4. ) Macroeconomics

  • (b ) Microeconomics

  • (c ) Econometrics

Details of the content of the three compulsory  subjects papers (“Core” and “Advanced”) will be published on the Department’s of Economics WebLearnVLE site at the beginning of Michaelmas Term each year. 

In exceptional circumstances, the Economics Graduate Studies Committee may give permission for a candidate to defer one of these subjects5. ThisAll subjectcandidates willmust thentake beeither takenCore atEmpirical theResearch sameMethods timeor asFurther theMathematical finalMethods examination.

Candidatesin whotheir pass these subjects will proceed to the secondfirst year ofexamined by submitted coursework. With the course and take the Final Examination at the end of the second year. Candidates who fail only one out of the three subjects may, by permission of the Economics Graduate Studies Committee, proceedcandidates may take both papers in their first year.

6. To progress to the second year candidates must achieve an average mark of at least 50 in the coursecompulsory andsubjects resit{Macroeconomics, theMicroeconomics, one failed subjectEconometrics} at theeither sameCore timeor asAdvanced thelevel; final examination. Otherwise, candidates who fail the first-year examination will be permitted to resit all three subjects at the end of their second year but will not be permitted to enter the final examination at that time. If they thenor pass the three compulsory subjects, they will be permitted to proceed with the course and enter the final examination at the end of their third year. In exceptional cases, the Economics Graduate Studies Committee may permit the deferral of resitting one of the three subjects at the end of the second year until the final examination. No candidate will be permitted to resit anytwo of the compulsory subjects {Macroeconomics, Microeconomics, Econometrics} at either Core or Advanced level. Candidates that progress to the second year, but fail one or more thanfirst onceyear papers, may re-sit the failed paper(s) when next offered. Candidates who fail to progress to the second year must re-sit the failed papers when next offered. Candidates who fail an “Advanced” compulsory paper may re-sit the “Core” version. The Graduate Studies Committee reserves the right to exercise discretion in exceptional cases.   

Final Examination 

No7. candidate shall enter the final examination unless he or she has already passed the three compulsory subjects in the first-year examinations, save that the Economics Graduate Studies Committee may permit any candidate who has failed one of the compulsory subjects to resit that subject at the same time as the final examination.

All candidates must offer fivefour secondpapers year(except subjectswhere they have taken both Core Empirical Research Methods and submitFurther Mathematical Methods in the first year, in which case they must offer three papers), and a thesis.8

Candidates These papers must takebe atchosen leastfrom one{Field starredpapers, (*)Advanced subjectEmpirical (advancedResearch coreMethods, subject)Advanced Macroeconomics, Advanced Microeconomics and atAdvanced leastEconometrics} oneexcluding non-starredany subjectpapers (fieldalready subject)taken in the first year.

Candidates mustA delivermaximum of two copies of the thesispapers (clearlycan markedbe withchosen from the candidate'sset name{Advanced Empirical Research Methods, collegeAdvanced Macroeconomics, Advanced Microeconomics and Advanced Econometrics}. Students wishing to offer any of these four Advanced papers need the wordspermission ‘M.Philof the Graduate Studies Committee. in Economics’ and accompanied byAchieving a statement signed by the candidate that it is the candidate's own work except where otherwise indicated) to the Examination Schools, High Street, Oxford OX1 4BG, by noon on WednesdayDistinction in the thirdcorresponding weekCore of Trinity Full Term in which the final examination is to be taken. Successful candidates will have one copy of their thesis depositedpaper in the Economicsfirst Libraryyear, byor a Pass in the Departmentcorresponding at the end of the examination.

Second year subjects for the M.Phil. in Economics

Second year subjects may be offered from the following list:

  • 1. Advanced Macroeconomics 1*

  • 2. Advanced Macroeconomics 2*

  • 3. Advanced Microeconomics 1*

  • 4. Advanced Microeconomics 2*

  • 5. Advanced Econometrics 1*

  • 6. Advanced Econometrics 2*

  • 7. Advanced Econometrics 3*

  • 8. Behavioural Economics

  • 9. Development Economics 1

  • 10. Development Economics 2

  • 11. Economic History 1

  • 12. Economic History 2

  • 13. Financial Economics 1

  • 14. Financial Economics 2

  • 15. Industrial Organisation 1

  • 16. Industrial Organisation 2

  • 17. International Trade 1

  • 18. International Trade 2

  • 19. Labour Economics

  • 20. Public Economics

  • 21. Theory BasedCore Empirical Analysis

  • 22.Research UrbanMethods, andwill Spatial Economics

  • 23. International Macroeconomics and Finance

Not all subjects ongrant this listpermission will be available every yearautomatically. The definitive list of secondField year subjectspapers together with information on content, structure and structureassessment method will be published on the Department’s of Economics WebLearn siteVLE at the beginning of Michaelmas Term of the year in which the examexamination is to be taken

8. All candidates must offer a thesis of no more than 20,000 words which must be submitted using the University approved online submission system by noon on Wednesday of week 3 of Trinity Term in which the final examination is taken. Technical information on the requirements for online submissions is provided in the Course Handbook. Candidates must submit their thesis title and outline to the MPhil Director by Friday of week 0 of Hilary Term in which the final examination is taken. 

9. Candidates who fail the final examination will be permitted to retake the failed second-year examination paper(s) or resubmit the failed thesis on one further occasion, which will normally be within one year of the initial failure. 

10. Candidates are reminded that work submitted for the MPhil in Economics may subsequently be incorporated into a thesis submitted for the DPhil in Economics. 

11. The examiners will not provide calculators, but will permit the use of a hand-held pocket calculator in the examination room, both for the first year examinations and for the final examination, subject to the conditions set out under the heading Use of calculators in examinations in the Regulations for the Conduct of University Examinations.

 A list of permitted calculators will be reviewed annually in the week prior to the first full week0 of Michaelmas Term and published byon the Department’s VLE. 

12. Successful candidates will be required to submit an electronic copy of Economicstheir onfinalised itsthesis WebLearnto sitethe Oxford Research Archive.