This degree is specifically aimed at candidates 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. The MPhil in Economics is designed for students who wish to obtain a one-year master’s qualification before leaving academic economics, and is not designed for students who wish to continue to the PhD programme. However, if a student is determined enough to continue their studies at the PhD level, there may be some leeway to transfer to the MPhil in Economic Research within the first two weeks of commencement of the Course. On completion of the MPhil degree students should have: acquired an advanced technical training in microeconomics, macroeconomics, and econometrics; acquired, through optional papers, some knowledge of work at the frontiers of the subject in particular areas; begun to acquire independent research skills and experience of putting them into practice; acquired experience and guidance in formulating a realistic research topic and prepared written work to a strict timetable and acquired sufficient knowledge and understanding of advanced economics to proceed to a career as a professional economist in business or government, or to a research degree.