Developments in mathematical optimisation and statistics have revolutionised system engineering and has created an urgent need, for a new generation of mathematicians trained to work at the frontiers of mathematical optimization, statistics and their applications to engineering, healthcare, finance and economics.
This has created urgent need, in both academic research and in practical implementation, for a new generation of mathematicians trained to work at the frontiers of mathematical optimization, statistics and their applications to engineering, healthcare, finance and economics.
This programme is both technical and pragmatic. You will acquire the ability to integrate state-of-the-art knowledge of statistics and optimisation to address, analyse and provide a rational appraisal of a given problem in different professional contexts.
This is a multidisciplinary field that involves the study of mathematical optimisation techniques, operational research methods, programming and statistics with their applications to economics, finance, medicine, industrial management, natural sciences and others.
Researchers at the University of Newcastle have recently shown how the modern optimization and statistical methods are successfully applied to engineering design, financial and economical data analysis, meta-analysis, economic equilibrium, network communication, and combinatorial optimization.
Why study Mathematics, Operational Research, Statistics and Econometrics (MORSE) Masters at Newcastle ?
- Develop your mathematics, business, economics, science or engineering background within a broad range of professional areas in quantitative analysis
- Acquire the ability to integrate the knowledge of statistics and optimisation to address, critically analyse and provide a rational appraisal of a problem
- Learn to use software packages to perform statistical analysis and empirical studies
- Focus on finding optimal solutions to optimisation problems in broader and challenging environments
- Study at the School of Mathematics which is internationally recognised for the quality of our research in various fields
Institutional Accreditation
University of Newcastle is accredited by the DETC Higher Learning Commission (DETC), www.detc.org.uk Since , University of Newcastle has been continually accredited by the DETC Higher Learning Commission and its predecessor.
Mathematics, Operational Research, Statistics and Econometrics (MORSE) Masters/MSc
Course Level:
Postgraduate, Taught
Credits
180
Course
CODE P1151
How long it takes:
1 year full-time
Study Mode:
Distance learning/ Campus
Course cost
Price: US$22,500
Entry requirements
Find out more about
Department:
Newcastle Law School
The course consists of 180 credits, two-thirds from taught modules (core modules are compulsory, plus choose four optional modules) and one-third from your research project.
Core modules
- Linear Programming – 10 credits
- Statistical Methods in Finance and Economics – 20 credits
- Numerical Methods and Programming – 10 credits
- MSc Project – 60 credits
Optional modules
Choose 80 credits. Examples of optional modules are listed below:
- Medical Statistics – 20 credits
- Nonlinear Programming I and Heuristic Optimisation – 20 credits
- Game Theory and Multicriteria Decision Making – 20 credits
- Mathematical Finance – 20 credits
- Applied Statistics – 20 credits
- Integer Programming and Combinatorial Optimisation – 20 credits
- Advanced Management Mathematics – 20 credits
- Advanced Mathematical Finance – 20 credits
Considering postgraduate study, but unsure whether you meet the entry requirements for a Masters-level degree? Postgraduate admissions guidelines vary by course and university, but can be quite flexible.
Your existing qualifications will be important, but you don’t necessarily need a great Bachelors degree to apply for a Masters. Your personal circumstances and experience may also be considered during the admissions process.
This guide explains the typical entry requirements for a Masters, which include:
- An undergraduate degree in a relevant subject – Depending on the programme and institution, you may need a 2.1 in your Bachelors, but this isn’t always the case
- Language proficiency – If English isn’t your first language, you’ll need to display a certain ability level, usually through a language test
- Professional experience – Some postgraduate programmes may require you to have some professional experience (this is usually the case for PGCEs and Masters in Social Work)
- Entrance exams – These are only required in certain subject areas and qualifications, including some MBAs
Tuition fees for UK/EU students 2020/21
MSc: Full-time £9,900. Part-time £4,950
Postgraduate Diploma: Full-time £6,660. Part-time £3,300
Tuition fees for International students 2020/21
MSc: Full time £23,310
Postgraduate Diploma: Full-time £15,540
Assessment
You’ll show your progress through a combination of written essays, problem-solving assignments and presentations.
All students take our core modules, but please note that the availability of optional modules is subject to demand.
The programme produces highly qualified students in statistics, operations research and econometrics with applications to economics and business management. It also provides ideal preparation for a career in economics, health care, finance, banking, insurance, actuarial science, business management, governmental or academic institutions.
Postgraduate study at the University of Newcastle is a chance to learn from world leaders in their fields. This guarantees you a first-class learning experience, leading to a qualification that is respected the world over and making you an attractive prospect in a very competitive job market.
The course modules and research project will provide you with essential training in quantitative analysis together with multidisciplinary research and communication, a transferable skill which you will find valuable whatever career path you
pursue. Our graduates benefit from a growing global demand for these skills in sectors including economics, medicine, finance, insurance and industrial management.
University Careers Network
Preparation for your career should be one of the first things you think about as you start university. Whether you have a clear idea of where your future aspirations lie or want to consider the broad range of opportunities available once you have a Newcastle degree, our Careers Network can help you achieve your goal.
Our unique careers guidance service is tailored to your academic subject area, offering a specialised team (in each of the five academic colleges) who can give you expert advice. Our team source exclusive work experience opportunities to help you stand out amongst the competition, with mentoring, global internships and placements available to you. Once you have a career in your sights, one-to-one support with CVs and job applications will help give you the edge.