Skip to main content
Two LSE students debating a topic in class.
Graduate (Research)
Application code:L1MG
Department of Management

MRes/PhD in Economics and Management

Conduct research at the frontiers of applied economics on this specialised degree programme.

Overview

Introduction

Gain the skills to conduct pioneering research on managerial economics on this rigorous, interdisciplinary training programme.

You’ll study a range of topics, from organisational economics to personnel economics, entrepreneurship and political economy. The curriculum includes comprehensive methodological training, with an opportunity to specialise in your chosen field. We have particular expertise in entrepreneurship, insurance markets, supply chains, firms and trade in developing countries, and behavioural economics.

You’ll begin on the master of research degree and move on to the PhD (subject to satisfactory progress). Drawing on our interdisciplinary strengths, you’ll have the chance to complete work that makes an original contribution to the field.

LSE is a globally renowned university ranked sixth in the world for social sciences and management. As a research-led department, we have a vibrant community of academics and students pursuing research in varied fields of management. We offer a limited number of studentships on this programme.

We're also ranked second in the UK by percentage of overall four and three stars in the most recent Research Excellence Framework (REF 2021).

Entry requirements

Upper second class honours (2:1) degree in any discipline or the equivalent, with evidence of preparation in economics and a strong mathematics background.

Find out the GRE requirements for this programme below under "Additional tests".

Please select your country from the dropdown list below to find out the entry requirements that apply to you.

Overseas

English language requirements

The English language requirement for this programme is Higher. Read more about our English language requirements.

Competition for places at LSE is strong. So, even if you meet the minimum entry requirements, this does not guarantee you an offer of a place.

However, please don’t feel deterred from applying – we want to hear from all suitably qualified students. Think carefully about how you can put together the strongest possible application to help you stand out from other students.

Programme content

The MRes PhD in Economics and Management a rigorous graduate training programme designed to stimulate critical thinking and provide you with the training to conduct research to advance the frontier of applied Economics in the field of Managerial Economics, broadly defined to include topics from organisational economics to personnel economics, to entrepreneurship, to political economy. It's a specialised programme closely aligned with the PhD in Economics (and including the same core sequence of courses) but allowing for the more specialised study of organisations and institutions, and for more personal supervision by scholars in these fields within the Department of Management.

Research events

You'll be able to attend relevant conferences, workshops and participate in placements during your studies.

Year 1

Pre-sessional

You'll be expected to participate in pre-sessional course before the start of the academic year. This course is run by the Department of Economics and includes three compulsory units in Static Optimisation and Fixed Points, Dynamic Programming and Differential Equations and Probability and Statistical Inference. The course starts in late August and finishes with exams in each unit at the end of September the week before the start of the academic year.

Year 1

In the first year of your MRes you'll focus on skills training in Micro and Macro Economics, Econometrics, Statistics and Modelling. Courses are all taken in the Department of Economics. Alongside you'll attend the seminar course A Social Sciences Perspective of Academic Research in Management. This seminar is run within the Department of Management for research students and will develop your understanding of the diversity of specialisms within the Department of Management and develop your critical analysis skills. You'll be invited to attend Managerial Economics and Strategy Faculty Group Seminars and have regular meetings with your Programme Director.

Why study with us

Discover more about our students and department.

The Managerial Economics and Strategy Faculty Research Group conducts research and teaching focused on understanding the internal functioning and structures of firms and other organisational forms, and their strategy and function within market and non-market environments.

These organisations' practices, decisions, and interactions with each other and with their institutional environment both provide and respond to incentives.

The faculty group's core belief is that an understanding of the causes and consequences of these incentives are central to management of all types of organisations, and the foundation on which to improve the performance of corporations, non-governmental organisations, and states.

Meet the department

Our mission

Welcome to the Department of Management. Our mission is to inspire superior management practices by fostering a comprehensive understanding of individuals, teams, organisations, and markets, along with the psychological, social, political, and technological contexts that influence them.

By studying with us, you'll gain access to a world-leading centre for education and research, uniquely positioned within a world-class social science institution at the heart of a truly global city.

The environment

Join a vibrant intellectual community comprising world-renowned faculty, astute students, dedicated and responsive professional services staff, and high achieving alumni. Through pioneering research and high-level teaching, you'll receive comprehensive, intensive, and rigorous methodological training to help you become an expert in your specialist fields.

The rich and culturally diverse learning environment at LSE’s Department of Management, will not only enrich your experience through developing a broad perspective and understanding, but also unlock an invaluable network of global peers.

Create a better world

We go beyond the boundaries of a traditional business school by integrating diverse disciplines such as economics, marketing, data, and analytics. Our comprehensive approach ensures that students gain a profound and multifaceted understanding of the business world, equipping them with the skills and knowledge to excel in a dynamic global environment.

Join us in our vision to create a better world, where a profound understanding of management drives positive change in both business and society.

Discover more about our programmes and research.

Who's who

Your application

We welcome applications for research programmes that complement the academic interests of our staff at LSE. For this reason, we recommend that you take a look at our staff research interests before applying.

We consider the following as part of your application.

Overview

Fees and funding

The table of fees shows the latest tuition fees for all programmes.

You're charged a fee for your programme. Your tuition fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It doesn't cover living costs or travel or fieldwork.

Home

£4,905

Home student fee (2025/26)

The fee is likely to rise over the full duration of the programme. The School charges home research students in line with fee levels recommended by the Research Councils.

Learn more about fee status classification.

Learning and assessment

How you learn

Graduate destinations

Overview

Students who successfully complete the programme often embark on an academic career.

Browse the careers and placements of previous Department of Management PhD students

Teaching

The department aims to give all qualified doctoral students the opportunity to teach. Developing teaching skills and experience is an important component of the students' career development and prepare you for future academic roles. To make this experience as valuable as possible we draw on the support from the LSE's Teaching and Learning Centre.

Find out more

Explore LSE

Student life

Discover our campus and student services
Welcome at LSE

Student support

Find out more about our academic guidance, advice and pastoral care
A group of students sitting with an advisor at a LSE LIFE session

Accommodation

Explore the accommodation services we offer to our students
Two students taking part in Action for Happiness held in LSE Residences during London Wellbeing Week 2020.

Meet, visit and discover LSE

Attend our in-person events or explore LSE from home
Campus tour guide during a campus tour for prospective students.