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  • Start date: September 2016

Economics BSc (Econ)

This degree, aimed at ambitious and mathematically capable students, provides a thorough grounding in economic theory, along with the technical tools, mathematics and statistics to assist in mastering the theory. Our highly regarded department offers a stimulating learning environment in central London, close to one of the world’s largest financial centres.

Key Information

Degree Programme
Economics BSc (Econ)
UCAS code
L100
Duration
3 years
Application deadline
15 January 2016
Subject area
Economics
Total intake
237 (2016 entry)
Applications per place
12 (2014 entry)
Research Excellence Framework
99% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)

Entry requirements

A Levels

Grades
A*AA
Subjects
Mathematics grade A* required, plus grade A if Economics being offered.
AS Levels
For UK-based students a pass in a further subject at AS level or equivalent is required.
GCSEs
English Language and Mathematics at grade C. For UK-based students, a grade C or equivalent in a foreign language (other than Ancient Greek, Biblical Hebrew or Latin) is required. UCL provides opportunities to meet the foreign language requirement following enrolment, further details at: www.ucl.ac.uk/ug-reqs

IB Diploma

Points
39
Subjects
A score of 19 points in three higher level subjects including grade 7 in Mathematics and grade 6 in Economics if taken, with no score lower than 5.

UK applicants qualifications

For entry requirements with other UK qualifications accepted by UCL, choose your qualification from the list below:

Equivalent qualification

Not acceptable for entrance to this programme

Not acceptable for entrance to this programme.

D2,D3,D3 in three Cambridge Pre-U Principal Subjects, to include Mathematics D2, plus D3 if Economics being offered.

A1,A,A at Advanced Highers (or A1,A at Advanced Higher and A,A,A at Higher), to include Mathematics at A1, plus A if Economics being offered at Advanced Higher.

Successful completion of the WBQ Advanced Diploma, plus 2 GCE A levels at grades A*A*. To include Mathematics A* and Economics if being offered.

International applications

In addition to A level and International Baccalaureate, UCL considers a wide range of international qualifications for entry to its undergraduate degree programmes.

Undergraduate Preparatory Certificates

UCL offers intensive one-year foundation courses to prepare international students for a variety of degree programmes at UCL.

The Undergraduate Preparatory Certificates (UPCs) are for international students of high academic potential who are aiming to gain access to undergraduate degree programmes at UCL and other top UK universities.

For more information see our website: UCL Undergraduate Preparatory Certificate.

English language requirements

If your education has not been conducted in the English language, you will be expected to demonstrate evidence of an adequate level of English proficiency. Information about the evidence required, acceptable qualifications and test providers can be found on our English language requirements page.

The English language level for this programme is: Good

A variety of English language programmes are offered at the UCL Centre for Languages & International Education.

Degree benefits

  • Gain the skills necessary to evaluate policy proposals logically and to carry out simple statistical investigations of the sort required by country desks in major banks and international businesses.
  • Learn in one of Europe's leading centres for research in economics. Our research informs policy advice to international governments and agencies, such as the United Nations and the World Bank.
  • We are recognised for our internationally distinguished research, and UCL Economics was ranked first in the UK in the most recent (2014) Research Excellence Framework.
  • Benefit from our prestigious annual Gorman lecture series presented by eminent economists and from the activities of our two student societies, the Economist's Society and the Economics and Finance Society, which include the publication of The Drayton Tribune magazine.

Degree structure

In each year of your degree you will take a number of individual courses, normally valued at 0.5 or 1.0 credits, adding up to a total of 4.0 credits for the year. Courses are assessed in the academic year in which they are taken. The balance of compulsory and optional courses varies from programme to programme and year to year. A 1.0 credit is considered equivalent to 15 credits in the European Credit Transfer System (ECTS).

The department's fundamental premise is that students should learn how to do economics themselves, rather than just learn how the academic staff or other economists do it.

In the first year you take compulsory courses on the core concepts of microeconomics and macroeconomics, applied economics, mathematics and statistics, and have the opportunity to take optional courses.

In your second year, principles of model-building, problem-solving and quantitative techniques are emphasised, and you will take compulsory core courses in microeconomics, macroeconomics and econometrics.

Most final-year courses introduce you to research papers and current research, including that of staff members. You will benefit from instruction by staff whose research impacts directly on the policy process, for example via contacts with the Institute for Fiscal Studies and the Department for Business, Innovation and Skills.

Year One

Compulsory courses

Applied Economics
Economics
Introduction to Mathematics for Economics
Introduction to Mathematics for Economics II
Statistical Methods in Economics

Optional courses

You will select a total of 1.0 credit from a wide range of options.

Year Two

Core courses

Macroeconomic Theory and Policy
Microeconomics
Quantitative Economics and Econometrics

Optional courses

You will select 1.0 credit from a wide range of options. Options may include:

Economics of Development
Economics of Education
Economics of Finance
Economics of Labour
Economics of Regulation
Economics of Science
Economics of Tax Policy
Environmental Economics

Final Year

Compulsory courses

A total of at least 2.0 credits from the list of third-year economics courses.

Optional courses

You will select 2.0 credits from a wide range of options, of which 1.0 credit must be taken from the list of second and third-year economics courses. Third-year economics courses may include:

Behavioural Economics
Econometrics for Macroeconomics and Finance
Economics of Information
Economics of Money and Banking
Economic Policy Analysis
Ethics in Applied Economics
Experimental Economics
Game Theory
Industrial Economics
International Trade
Issues in Economic Development
Microeconometrics

Your learning

The cornerstone of each course is a lecture series. Through demonstration classes and small-group work you will learn how to put economic models together, how to undertake quantitative analysis, and, potentially, formulate your own model to address a new problem. In the later parts of the programme, there is an increased emphasis on collaborative work and group presentations.

Assessment

Your progress is monitored throughout the year on a course-by-course basis, which will provide feedback aimed at improving your understanding and technique. In addition to this you will also be assessed by year-end written examinations, multiple-choice questions, and an undergraduate thesis.

Further Information

Detailed course descriptions are available on the department website: Economics BSc (Econ).

Careers

Many useful skills can be gained through the study of economics, for example: finding solutions to real-world problems, mathematical skills and an enhanced understanding of contemporary political and economic events.

About one-third of our graduates move directly into graduate study, including MScs in Economics, MBA programmes and conversion courses in computing and law. Students have also proceeded to doctoral programmes including those in major US economics departments such as Columbia, Yale and Chicago.

Graduates entering employment predominantly move into management, banking and finance and the civil service.

Destinations

First destinations of recent graduates (2010-2013) of this programme include:

  • Graduate IT Consultant, KPMG (2013)
  • Analyst, J. P. Morgan (2013)
  • Full-time student, MPhil in Economics at the University of Cambridge (2013)
  • Analyst, Bank of England (2013)
  • Full-time student, PhD at Yale University (2013)

*Data taken from the 'Destinations of Leavers from Higher Education' survey undertaken by HESA looking at the destinations of UK and EU students in the 2010-2013 graduating cohorts six months after graduation and, where necessary, department records.

UCL is commited to helping you get the best start after graduation. Read more about how UCL Careers, UCL Advances and other entrepreneur societies here: Careers and skills.

Fees and funding

Fees

UK & EU fee
£9,000 (2015/16)
Overseas fee
£16,200 (2015/16)

Funding

Details about financial support are available at: Fees and funding

Scholarships

The Scholarships and Funding website has a comprehensive list of scholarships and funding schemes available for UCL students. These can be available for specific nationalities, regions, departments or open to all students.

Application and next steps

Your application

Academic entry requirements reflect the strong competition for places. In addition to academic qualifications we seek candidates who can demonstrate that they have researched what an economics degree involves, and how it is different from a business or management degree. Evidence that you keep yourself abreast of current economic issues and the economic press will be looked on favourably.

How to apply

Application for admission should be made through UCAS (the Universities and Colleges Admissions Service). Applicants currently at school or college will be provided with advice on the process; however, applicants who have left school or who are based outside the United Kingdom may obtain information directly from UCAS.

Application deadline: 15 January 2016



Selection

UK-based applicants who have been selected for an offer are required to attend an applicant open day before an offer is made. Each admissions cycle has open days with about 100 applicants attending on each occasion.

At our open days you will attend talks by the Admissions Tutor and, typically, a representative of the Economist's Society. You will then have the opportunity to meet informally with academic staff and students before taking a tour of UCL.

Our admissions selectors will assess your application to determine your academic potential and motivation for this degree programme, as well as the core skills it requires.

For further information on UCL's selection process see: Selection of students