Transport Economics MSc

If you are an ambitious numerate graduate, or a practitioner in the field, this Masters degree will equip you with the analytical skills for a rewarding career supporting transport delivery and policy-making at national, regional and local levels.

You will develop a range of economic skills to help promote economic growth within a regulatory framework that minimises any damaging health and environmental impacts, while incentivising the best use of resources. You’ll also gain insights into how economics, planning, environmental science, modelling and engineering can work together to design sustainable solutions to global challenges.

Through studying transport economics, econometrics, cost-benefit analysis and economic research techniques, you’ll be able to develop transport networks founded on robust evidence, sustainable and equitable principles, state-of-the-art modelling, accurate data analysis, and an understanding of human psychology.

Taught by leading researchers with an international reputation, this Masters degree has been designed following close consultation with industry to help prepare you for a rewarding career. This industry-inspired approach will enable you to apply your knowledge to real-world issues in the field.

Course highlights

• Develop an understanding of the complex interface between transport and the wider economy (economic appraisal)

• Learn pricing techniques, the importance of economic regulation and the valuation of third-party costs and benefits (micro-economics)

• Create quantitative models using real world data and test economic theories (econometrics)

• Experience what it’s like to work in the transport industry by collaborating on a multi-disciplinary team project with students from our other degree specialisms

• Our courses are shaped by the Institute for Transport Studies’ world-leading research and our close relationships with industry leaders

Active research environment

The Institute for Transport Studies was established as the UK’s first multi-disciplinary transport department, and we continue to lead the field with our research. Our economics research has been successful in bridging the interface between academia and industry. For example, the Cost, Quality, Customer (CQC) Efficiency Network initiative offers local authorities throughout Britain the ability to quantify the scope for cost savings in the delivery of highway services and to identify better practises.

Other study options

This programme is available part time over 24 or 36 months. We are flexible as to how you choose to study this course so that you can combine it with other commitments, such as an existing job. Please get in touch with our admissions team to discuss part time study options.

You can also study this subject at Postgraduate Diploma level, part time or full time, or at Postgraduate Certificate level with our PGCert in Transport Studies.

Online taster course

‘Transport Systems: Global Issues and Future Innovations’ is a free online course, delivered via FutureLearn, introducing how the transport sector can develop infrastructures that meet the needs of a 21st century population.

Whether you're a current undergraduate student, or a mid-career professional considering a Masters degree, this course offers a great taste of studying transportation challenges at a postgraduate level.

Accreditation

This course is accredited by the Chartered Institute of Logistics and Transport (CILT UK).

In semester one, you will study core modules that lay the foundations of the programme. You’ll develop the knowledge of key principles and topics in transport economics, as well as econometrics and cost-benefit analyses. You will also be exposed to the multiple disciplines within the transport sector and have an overview of transport modelling, planning and engineering and how these fit with transport economics.

Semester two allows you to expand your understanding and gain specialist knowledge relevant to your career. You can choose from a range of modules giving you the chance to learn about a variety of topics, such as public transport planning, funding of infrastructure projects, investment appraisal and transport in the context of development. You will also study our Transport Integrated Project module, which gives you an experience of working on a real-world transport project by collaborating with a team of students from our other degrees.

Throughout your course, you will gain a range of specialist knowledge and advanced research skills. In your dissertation, you’ll apply these to a project chosen from a wide range of topics. Some topics are suggested and supported by industry, giving you the chance to address a real-world problem and gain experience of working with industry. Your supervisor will support you throughout the process of developing your dissertation topic.

Project work

In the second semester, you will study our Transport Integrated Project module. This project lets you experience what it is like to be part of a multi-disciplined team working within the transport sector. You’ll work alongside students from our other Masters degrees, using your different specialisms to solve a real-world transport problem posed by Leeds City Council.

The Transport Integrated Project module helps you develop a real-world experience of working in the industry. You’ll gain insights into how planning, economics, environmental science, modelling and engineering can work together to develop sustainable solutions to global challenges.

Throughout the project, you’ll be advised by industry experts and will be required to write both group and individual reports. At the end of the module, you will present your final work as a group.

Previous projects have included:

• Designing a new park and ride site

• Designing a new train station

• Redesigning Leeds’ City Square

Field work

We offer opportunities for students to experience transport systems in action, allowing you to meet and hear directly from transport professionals and see what you’ve learned in practice. Field trips have included visits to: cycle and traffic calming facilities, motorway traffic control centre, guided bus system and town planning features.

Want to find out more about your modules?

Take a look at the Transport Economics MSc module descriptions for more detail on what you will study.

Course structure

The list shown below represents typical modules/components studied and may change from time to time. Read more in our Terms and conditions.

For more information and a full list of typical modules available on this course, please read Transport Economics MSc Full Time in the course catalogue

For more information and a full list of typical modules available on this course, please read Transport Economics MSc Part Time in the course catalogue

Modules

Year 1

Learning and teaching

Postgraduate study involves a range of teaching methods, supported by independent learning. You will learn through a variety of teaching methods such as lectures, seminars, workshops, computer exercises, practical sessions, directed reading, reflective journal, student-led discussions, fieldwork and tutorials. You’ll also learn through independent study, allowing you to develop critical problem-solving and research skills that are relevant to a career in transport.

Throughout your degree, you will be supported by a personal tutor who you can meet regularly to discuss any study or career questions you might have. There is also the opportunity to apply to the Institute for Transport Studies mentorship programme, where you will be assigned an alumni mentor who currently works in the industry. The mentorship programme is a great opportunity to receive personal career advice and develop a relationship with someone who is successful in the transport industry.

Our Virtual Learning Environment will help to support your studies: it’s a central place where you can find all the information and resources for the School, your programme and modules.

You can also benefit from support to develop your academic skills, within the curriculum and through online resources, workshops, one-to-one appointments and drop-in sessions.

On this course you’ll be taught by our expert academics, from lecturers through to professors. You may also be taught by industry professionals with years of experience, as well as trained postgraduate researchers, connecting you to some of the brightest minds on campus.

Assessment

Assessment is equally varied and can include coursework essays, case-study reports, group assignments, posters, presentations and exams.

Entry requirements

A bachelor degree with a 2:1 (hons) in economics (single or joint honours).

Graduates from other disciplines with professional qualifications and experience in the sector will also be considered.

We accept a range of international equivalent qualifications. For more information please contact the Admissions Team.

English language requirements

IELTS 6.5 overall, with no less than 6.0 in any component. For other English qualifications, read English language equivalent qualifications.

Improve your English

International students who do not meet the English language requirements for this programme may be able to study our postgraduate pre-sessional English course, to help improve your English language level.

This pre-sessional course is designed with a progression route to your degree programme and you’ll learn academic English in the context of your subject area. To find out more, read Language for Economics and Finance (6 weeks) and Language for Business: Economics and Finance (10 weeks).

If you need to study for longer than 10 weeks, read more about our postgraduate pre-sessional English course.

How to apply

Application deadlines

Applicants are encouraged to apply as early as possible.

29 July 2022 – International applicants

9 September 2022 – UK applicants

Apply (Full time)

Apply (Part time)

This link takes you to information on applying for taught programmes and to the University's online application system.

If you're unsure about the application process, contact the admissions team for help.

Read about visas, immigration and other information in International students. We recommend that international students apply as early as possible to ensure that they have time to apply for their visa.

Admissions policy

University of Leeds Taught Admissions Policy 2022

Fees

• UK: £10,500 (total)
• International: £25,750 (total)

Read more about paying fees and charges.

For fees information for international taught postgraduate students, read Masters fees.

Part-time fees
Fees for part-time courses are normally calculated based on the number of credits you study in a year compared to the equivalent full-time course. For example, if you study half the course credits in a year, you will pay half the full-time course fees for that year.

Additional cost information

Students wishing to attend the optional European Field Trip are advised to allow a minimum of £500 for accommodation and travel during the week-long trip.

There may be additional costs related to your course or programme of study, or related to being a student at the University of Leeds. Read more about additional costs

Scholarships and financial support

If you have the talent and drive, we want you to be able to study with us, whatever your financial circumstances. There may be help for students in the form of loans and non-repayable grants from the University and from the government.  Find out more at Masters funding overview.

A degree from Leeds and the experience you'll gain here will give you the edge to find the career you want. Your course will give you the experience and knowledge that employers are looking for to help you secure a job.

The University of Leeds is in the top five most targeted universities in the UK by graduate recruiters, according to High Fliers’ The Graduate Market in 2021 report.

A degree from the Institute for Transport Studies opens up a range of opportunities to develop a rewarding career. Transport consultancies are the largest employers of our graduates, but other common careers include those in government, academia, regulatory bodies, transport operators, logistics companies, not-for-profit and international agencies.

Our graduates work across the private and public sectors. Many work abroad, whether for UK companies with overseas offices, for international organisations or for national governments.

Examples of alumni job roles include:

• Transport Modeller/Economist

• Infrastructure Economist

• Economic Consultant - Infrastructure and Energy Sector

• Transport Analyst

• Transport Planner

• Transport Consultant

Read profiles of our alumni to find out more about where some of our graduates are working.

Links with industry

We have close working relationships with a number of organisations and many employers visit the Institute for Transport Studies each year to interview our students for graduate schemes and other vacancies. We also regularly circulate specific job vacancies to students.

Our students are highly sought after and have a good reputation with transport consultants, and may receive a job offer before or shortly after graduation.

The organisations that have advertised and/or recruited directly from the Institute for Transport Studies include Arup, Mott MacDonald, AECOM, Capita, Transpennine Express, Transport for London, Pell Frischmann, Leigh Fisher, JMP, Amey and Hyder among many others.

Read more about graduate employability at the Institute for Transport Studies.

Careers support

At Leeds we help you to prepare for your future from day one. Our Leeds for Life initiative is designed to help you develop and demonstrate the skills and experience you need for when you graduate. We will help you to access opportunities across the University and record your key achievements so you are able to articulate them clearly and confidently.

You’ll have access to the wide range of careers resources and support from your Careers Service. You’ll have the chance to attend industry presentations, book appointments with qualified careers consultants and take part in employability workshops and webinars. Our careers fairs provide further opportunities to explore your career options with some of the UKs leading employers.

Each year there are a number of events provided both by the Institute for Transport Studies and the University’s Careers Centre. We have a dedicated Careers Consultant from the Careers Centre who works with our students, delivering bespoke presentations and one-to-one consultations with students on their career plans. We also invite alumni back to share their experiences of developing a career in the transport sector.

There are also plenty of exciting ways you can volunteer during your time at Leeds. Find out more at the Leeds University Union website.

Four-month placement scheme

You will have the opportunity to gain four months industry experience in the UK with companies such as Network Rail and AECOM at the end of your Masters course. After a competitive application process, paid placements are offered from September to December at the end of your studies.

Some of the employers and the job titles of previous placement students are listed below:

• AECOM (Graduate Transport Engineer)

• Network Rail (Strategic Planning Assistant, Timetable Development Assistant, Junior Strategic Planner)

• Fore Consulting (Transport Consultant)

• Stantec (Transport Consultant)

The scheme is open to all Masters students, including those on a student visa, within the Institute for Transport Studies. Placements aren’t guaranteed.