MRes/PhD in Economics and Management
Programme Structure - MRes
Programme code: TMRESECMG
Department: Management
For students starting this programme of study in 2022/23
Guidelines for interpreting programme regulations
Classification scheme for the award of a taught master's degree (five units)
Exam sub-board local rules
Please note that places are limited on some optional courses. Admission onto any particular course is not guaranteed and can be subject to timetabling constraints and/or students meeting specific prerequisite requirements.
Year 1 | ||
---|---|---|
Pre-sessional |
EC400 Introductory Course in Mathematics and Statistics (0.0) # | |
Training Course |
Compulsory (not examined) | |
|
MG5A1 A Social Sciences Perspective of Academic Research in Management (0.0) | |
Research Practicums |
Students will be required to attend the Managerial Economics and Strategy Faculty Research Seminars. | |
Paper 1 |
||
Paper 2 |
EC442 Macroeconomics for MRes students (1.0) | |
Paper 3 |
||
|
||
Year 2 | ||
Research Practicums |
Students will participate in Research Practicums with different members of the MES Faculty Research Group. | |
Seminar |
MG523 Work in Progress Seminar in Organisational and Institutional Economics (0.0) | |
Paper 4 |
MG598 Research Paper in Management (MRes PhD Programmes) (1.0) | |
Paper 5 |
MG524 The Economics of Organisations and Institutions (1.0) # | |
Paper 6 |
One course from the following field selection list: | |
Field Selection List
EC518 Topics in Advanced Econometrics for Research Students (1.0) (withdrawn 2024/25) | |
EC532 International Economics for Research Students (1.0) (withdrawn 2024/25) | |
EC533 Labour Economics for Research Students (1.0) (withdrawn 2024/25) | |
EC534 Public Economics for Research Students (1.0) (withdrawn 2024/25) | |
EC535 Development Economics for Research Students (1.0) (withdrawn 2024/25) | |
EC536 Economics of Industry for Research Students (1.0) (withdrawn 2024/25) | |
EC537 Microeconomic Theory for Research Students (1.0) # (withdrawn 2024/25) | |
EC539 Macroeconomics for Research Students (1.0) (withdrawn 2024/25) | |
EC540 Political Economy for Research Students (1.0) # (withdrawn 2024/25) | |
Prerequisite Requirements and Mutually Exclusive Options
# means there may be prerequisites for this course. Please view the course guide for more information.
Programme Structure - PhD
Programme code: RPECMG2
Year 1 | ||
---|---|---|
Seminar |
MG523 Work in Progress Seminar in Organisational and Institutional Economics (0.0) | |
Paper 7 |
Courses to the value of one unit (if not already taken in year 2 of the MRes) from the following field selection list: | |
Years 2, 3, 4 | ||
Seminar |
MG523 Work in Progress Seminar in Organisational and Institutional Economics (0.0) |
Field Selection List
EC541 Topics in Advanced Econometrics for Research Students I (0.5) 1 | |
EC542 Topics in Advanced Econometrics for Research Students II (0.5) 2 | |
EC543 International Economics for Research Students I (0.5) 3 | |
EC544 International Economics for Research Students II (0.5) 4 | |
EC550 Development Economics for Research Students II (0.5) 10 | |
EC551 Economics of Industry for Research Students I (0.5) 11 | |
EC552 Economics of Industry for Research Students II (0.5) 12 | |
EC553 Microeconomic Theory for Research Students I (0.5) # 13 | |
EC554 Microeconomic Theory for Research Students II (0.5) # 14 | |
EC559 Environmental Economics for Research Students I (0.5) | |
EC560 Environmental Economics for Research Students II (0.5) | |
Prerequisite Requirements and Mutually Exclusive Options
# means there may be prerequisites for this course. Please view the course guide for more information.
1 : EC541 can not be taken with EC518
2 : EC542 can not be taken with EC518
3 : EC543 can not be taken with EC532
4 : EC544 can not be taken with EC532
5 : EC545 can not be taken with EC533
6 : EC546 can not be taken with EC533
7 : EC547 can not be taken with EC534
8 : EC548 can not be taken with EC534
9 : EC549 can not be taken with EC535
10 : EC550 can not be taken with EC535
11 : EC551 can not be taken with EC536
12 : EC552 can not be taken with EC536
13 : EC553 can not be taken with EC537
14 : EC554 can not be taken with EC537
15 : EC555 can not be taken with EC539
16 : EC556 can not be taken with EC539
17 : EC557 can not be taken with EC540
18 : EC558 can not be taken with EC540
Progression
To progress unconditionally to registration on the Year 2 of MRes in Economics and Management students are required to achieve pass marks of 50% or higher in Papers 1, 2 and 3. With the agreement of the Department of Economics and the Programme Director, a student missing this requirement by one paper may be allowed to resit. Students are restricted to sitting a maximum of four exams, including resits and MG598 in Year 2. Students missing the progression requirement by more than one paper are required to pass those papers to the necessary standard before progression to the second year can be permitted
Award (students take 6 units of papers but the award is calculated on papers 1-5):
At the end of the second year of the MRes, students may be awarded the classification of the MRes degree consistent with the School's Scheme for the Award of a five-unit Taught Master's Degree. This mirrors the requirements of an award of MRes in Economics, that is students are required to achieve a pass mark of 50% in Papers 1, 2, 3, 4 and Paper 5. The marks in these papers will be used to calculate the overall award.
A fail in one of these five classification papers (but not a bad fail of 29% or less) can be compensated by a mark of 60% or higher in another paper, or an aggregate mark of 440 in the non-failed papers. If compensated, a fail shall result in a drop in the overall award classification where a Distinction or Merit would otherwise have been awarded. It shall have no further impact where a Pass is to be awarded.
Progression to PhD registration
To progress to PhD registration, students are required to achieve four marks of 60% or higher and two marks of 50% or higher in MRes Papers 1, 2, 3, 4, 5 ,6 with at least two of the 60% or higher marks achieved in the MRes core Papers 1, 2 and 3. For Paper 6 if two half units are taken to fulfil the one unit requirement, then students must achieve a mark of 50% or higher in each 0.5 unit. For progression, the average of the two 0.5 unit course marks will be taken for Paper 6 will be used as the achieved mark.
Condoning marks: A mark between 55-59% in one of the Papers 1, 2 or 3 can be condoned by a mark of +70% in either Papers 1, 2 or 3. A mark between 50 - 59% in one of the Papers 1, 2 or 3 can be condoned by a mark of +70% in the MG598 research paper.
Students missing the overall progression requirement by one paper are permitted to progress to PhD registration, but will subsequently need to re-sit and pass the paper to the necessary standard to continue their PhD registration within one year of the original examination. In exceptional circumstances, the Graduate Studies Sub-Committee can grant permission to a candidate to resit a paper at the next available opportunity. Students can resit each paper only once.
At the end of Year 2 there will be an Annual Progress Review to confirm the successful completion of second year course work with marks meeting the required standards, the quality and contribution of MG598 paper and satisfaction with progress and participation in the programme. Recommendation for registration to the PhD programme by the DoM PhD Committee for the following year will be based on the successful completion of the previous year, and on the expectation of the student will achieve the marks required in any resit exams.
PhD Progression
In the first year of the PhD programme (Year 3 of registration) students must complete courses to the value of one unit in either Economics or Management (Paper 7). They must achieve a grade of 50% in this 1 unit or both 0.5 units.
Students must also pass the PhD Review, during Year 3 of registration and defend their research design in viva voce. The students submit a research proposal that includes:
1) the research question(s);
2) a concise literature review through which the significance of the proposed research is articulated;
3) a discussion of research methodology;
4) a draft timeline of activity;
5) preliminary data collection and analysis or a ‘pilot’ study; and
6) discussion of research ethics and risks.
This material is evaluated by the academic assessors in two independently written reports submitted prior to a viva voce with the supervisor(s). The outcome of the review will be reported to the Department’s PhD Committee at the next opportunity.
PhD progression, completion and submission
After passing the PhD Review students are expected to focus on the research and writing of their thesis, the continued development of research ideas for publication, participation in relevant training courses and career development activities. Each year the PhD progression will be on the recommendation of the annual review panel and agreed by the Department’s PhD committee.
Rules for the composition and content of theses within this programme
There are two formats of PhD Examination in the Department of Management. These align with those set out in Regulation 48 of the Regulations for Research Degrees that provide for two different formats of PhD submission/examination to be followed, as appropriate, according to the normal practice in your field.
The two formats approved by the Department of Management and applicable to this programme are:
1. A monographic thesis addressing a single subject in an integrated way.
OR
2. A set of publishable papers on a set of related topics within the context framed by an introductory and concluding chapter, and adhering to the following guidance:
- An introduction to explain the justification for the research question and articulate the links between the papers.
- Papers may be written with others/co-authored. Candidates may find it helpful to use CRediT taxonomy to define their contribution and evaluate if their contribution to a paper is sufficient to warrant inclusion in their thesis.
- The candidate must solely write the introduction, all linking material and the discussion.
- A minimum of 3 papers. This is a standard number in the paper by thesis format, but it is up to the candidate to decide how many papers to include, considering the advice of their supervisor and the normal practice in their field of study.
Within Management the norms between fields are variable, and therefore it is important to understand this and discuss the practices and examination norms and how best to meet the expectations and requirements of the job market in your field with your supervisor and the Programme Director. The composition of your thesis should be discussed and agreed with your supervisor and the Programme Director.
Award of the PhD in Economics and Management
Award of the PhD is contingent on progression requirements within the PhD and on the completion and defence of an original research thesis, in accordance with LSE regulations.
Note for prospective students:
For changes to graduate course and programme information for the next academic session, please see the graduate summary page for prospective students. Changes to course and programme information for future academic sessions can be found on the graduate summary page for future students.