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6 courses offered in the Faculty of Economics
Economic research - mphil.
This degree is suitable for students with an undergraduate degree in economics who wish to apply for the PhD. It provides a solid foundation for the PhD programme and involves a thorough study of the core areas of economics and the exploration of one area in detail in order to begin the process of choosing a PhD research topic, for those who wish to pursue further study.
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Economics - MPhil
This degree is for students with an undergraduate degree in economics who are interested in undertaking a master's degree that will give them the technical training required to undertake a career as a professional economist working for, say, the UK Government Economic Service, or an economics consultancy.
Economics - PhD
This is the most advanced programme of postgraduate studies in Economics at Cambridge which offers the opportunity for detailed research on a specific topic within the broad field of Economics under the supervision of leading experts. The Faculty also appoint research advisers who will typically complement the Supervisor’s area of expertise. For example, a thesis which covers both theoretical and empirical aspects of a topic may have a Supervisor who is expert in the theory, and a research adviser who is an econometrician with knowledge of the statistical problems of empirical research in this area.
It is hoped that PhD students will contribute to the Faculty's teaching programmes as Teaching Assistants, where they will receive remuneration for this. Teaching opportunities will usually be available to students after the successful completion of the CPGS.
Please see the University ranking in the world and the UK at The World University Rankings 202 4 .
Upon its completion, candidates are awarded a PhD degree for producing a thesis of high-quality, original, and publishable research.
Economics - AdvDip
The Advanced Diploma in Economics is a degree for students whose first degree contains little or no economics but who have good training in mathematics. It provides a qualification equivalent to a second bachelor's degree in economics and can be used as the basis for master's-level training in economics.
Economics and Data Science - MPhil
The course aims to expand the knowledge of a diverse set of students who already have good undergraduate degrees in economics or related fields with the tools of data science to handle and interpret large quantities of data.
Finance and Economics - MPhil
This degree is for students with an undergraduate degree in economics. It is an intensive course combining advanced study and research which places particular emphasis on economic coverage of financial themes and is tailored for people with one year or less of work experience. Students undertaking the course might be expected to go on to work in a number of sectors, such as the financial sector, banking sector, research institutions, or consultancies.
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Professor leonardo felli head of department.
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http://www.econ.cam.ac.uk/index.html
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PhD funding programme launched
£48 million over 5 years to attract best talent
By Paul Seagrove
Trinity College and the University of Cambridge’s new £48 million programme enabling fully-funded PhDs has been launched. It is seeking the brightest minds from across the world to conduct ground-breaking research, creating the next generation of pioneering treatments, technology and services.
The Trinity Cambridge Research Studentships (TCRS) have been created to respond to declining funding opportunities for PhD research, both in the sciences and the humanities. In the next decade, the programme will support up to 300 fully funded PhD studentships, depending on the breakdown between home and international students.
Trinity Fellow and Nobel Laureate Dr Venki Ramakrishnan said:
"PhD students are the lifeblood of new research, making breakthroughs in all areas of science, and it is very important that we be able to attract the best brains to Cambridge wherever they may be from. The Trinity Cambridge Research Studentships Programme will greatly facilitate that goal."
The first students funded by the new programme will begin in October 2025; anyone applying to join a PhD programme in 2025-26 will be considered for this funding.
Trinity College
Cambridge Pro-Vice Chancellor for Education Professor Bhaskar Vira said:
"If the UK is to continue to be world leading in research, it is important to support the next generation of PhD students. We are grateful for the funding provided to postgraduate research students through the UK government’s investments in science and research, but also aware of worrying pressures on budgets."
We work closely with many external partners and benefactors who allow us to continue to invest in this future research capacity, for the wider benefit of society. We welcome the generous support of Trinity College for this new scheme, which will ensure more students are able to continue their research careers here in Cambridge, and look forward to working with partners who would be interested in collaborating with us on this initiative."
Cambridge University has 4,339 PhDs students (2022-2023 figures) but the availability of fully funded places has declined by an estimated 140 per year since 2018 and analysis suggests this will get worse.
Senior Tutor at Trinity Professor Catherine Barnard said:
"We are committed to using our resources to support the next generation of world-class researchers whose work will improve the lives of many and help tackle some of the toughest problems the world faces."
"Trinity’s five living Nobel Laureates show that being able to change the world begins with your PhD. Whether you want to create new life-saving drugs, discover new planets or new understandings of the relationship between economics and ethics, Cambridge is the place to realise your ambitions – and change the world."
The PhD awards will be highly competitive and seek students with the potential to be the Nobel Laureates of the future and help increase Cambridge’s £30bn contribution to the UK economy.
Professor Didier Queloz
Trinity Fellow Professor Didier Queloz, who received the Nobel Prize for Physics in 2019 for the discovery of the first exoplanet during his PhD research, said Cambridge was an extraordinary place.
"When I came ten years ago, I was attracted by the diversity of the culture, the Cambridge way of life – in the sense that you interact with a lot of people, you have this mixing of different ideas - the College system is really unique in the world. We should maximize the number of PhD students and the diversity of PhD students."
With the first year of the programme fully funded by Trinity College and the University of Cambridge, matched funding is sought to unlock resources and achieve the programme’s 10-year goal of £48 million in new funding for PhDs.
Trinity student Bjorn Olaisen chose Cambridge over Harvard for his PhD in medical sciences in the lab of Sir Shankar Balasubramanian, where he is investigating the ageing process.
Bjorn said full PhD funding was key to enabling him to focus on his research and refine ideas to pursue after his PhD on how to develop therapies that could enable us to live better for longer, with interest already from Cambridgeshire biotech companies.
"You feel a great sense of gratitude because someone has paid for you to do research so you get extra inspiration, an extra drive and I really feel that. ‘So as my supervisor put it, you can do something in your PhD that leads to a Nobel Prize. The sky is the limit."
The Trinity Cambridge Research Studentships builds on the success of the Student Support Initiative by making even more financial help available to PhD students.
To find out more about studying for a PhD at Cambridge go to: https:www.postgraduate.study.cam.ac.uk/apply
Published 11th November 2024
The text in this work is licensed under a Creative Commons Attribution 4.0 International License .
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