The General Board and the Board of Graduate Studies have approved a proposal from the Faculty Board of Economics and Politics to reorganize the courses for the above examinations as options within one course for the examination in Economics. The special regulations for the examinations in Economics with Development, Economics with Econometrics, and Economics with Finance (Statutes and Ordinances, pp. 461-2) have been rescinded with effect from 1 October 2005; the special regulations for the examination in Economics have been amended, with effect from the same date, so as to read:
1. The Degree Committee for the Faculty of Economics and Politics shall publish, not later than the end of the Easter Term each year, a list of subjects in Economics for the academical year next following. The list shall be divided into two groups, Group 1 (core subjects) and Group 2 (specialist subjects). Group 1 shall comprise the following subjects:
1. Microeconomics I.
2. Macroeconomics I.
3. Econometrics I.
4. Microeconomics II.
5. Macroeconomics II.
6. Econometrics II.
In publishing the list of subjects the Degree Committee shall announce the form of examination for each subject, which shall be either a written paper, or one or more essays or other written exercises, or a combination of these, and shall specify the duration of any written paper and the limit to be placed on the length of any essay or other exercise.
2. The scheme of examination for the one-year course of study in Economics for the degree of Master of Philosophy shall consist, at the choice of the candidate of either Option A or Option B as follows:
| (a) | the three core subjects 1-3 in Group 1; |
| (b) | two additional subjects chosen by the candidate with the approval of the Degree Committee from Group 2; |
| (c) | a thesis, of not more than 10,000 words in length, on a topic approved by the Degree Committee. |
| (a) | the three core subjects 1-3 in Group 1; |
| (b) | the three core subjects 4-6 in Group 1, provided that the Degree Committee may permit a particular candidate to offer, in place of one of these subjects, a subject from Group 2 which is on a topic relevant to the subject of the candidate's thesis to be submitted under (c) below; |
| (c) | a thesis, of not more than 10,000 words in length, on a topic approved by the Degree Committee. |
3. At the discretion of the Examiners, the examination may include an oral examination on the work submitted by the candidate under Regulation 2 and on the general field of knowledge within which it falls.