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  • Start date: September 2017

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

UCAS code
L100
Duration
3 years
Application deadline
15 January 2017
Applications per place
11 (2015 entry)*
Total intake
255 (2017 entry)*
* Figures relate to Economics subject area

Entry requirements

A levels

Grades
A*AA
Subjects
Mathematics grade A* required, plus grade A if Economics being offered.
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 Skills Challenge Certificate plus 2 GCE A-Levels at grades A*AA. To include Mathematics A* and Economics, if 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

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

Typical UPC students will be high achievers in a 12-year school system which does not meet the standard required for direct entry to UCL.

For more information see: www.ucl.ac.uk/upc.

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.

Research Excellence Framework (REF) 2014

The Research Excellence Framework, or REF, is the system for assessing the quality of research in UK higher education institutions. The 2014 REF was carried out by the UK's higher education funding bodies, and the results used to allocate research funding from 2015/16.

The following REF score was awarded to the department: Economics.

  • 99% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)

Learn more about the scope of UCL's research, and browse case studies, on our Research Impact website.

Degree structure

In each year of your degree you will take a number of individual modules, normally valued at 0.5 or 1.0 credits, adding up to a total of 4.0 credits for the year. Modules are assessed in the academic year in which they are taken. The balance of compulsory and optional modules 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 modules on the core concepts of microeconomics and macroeconomics, applied economics, mathematics and statistics, and have the opportunity to take optional modules.

In your second year, principles of model-building, problem-solving and quantitative techniques are emphasised, and you will take compulsory core modules 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.

Modules

An indicative guide to the structure of this programme, year by year.

Compulsory modules

Applied Economics
Economics
Mathematics for Economics
Statistical Methods in Economics

Optional modules

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

Core modules

Macroeconomic Theory and Policy
Microeconomics
Quantitative Economics and Econometrics

Optional modules

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

Compulsory modules

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

Optional modules

You will select 2.0 credits from a wide range of optional modules, of which 1.0 credit must be taken from the list of second and third-year economics modules. Third-year economics modules 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 module 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 module-by-module 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 (2012-2014) of this programme include:

  • Analyst, Goldman Sachs
  • Analyst, Bank of America Merrill Lynch
  • Full-time student, Economics MPhil at the University of Cambridge
  • Analyst, Bank of England
  • Full-time student, Economics MA at Stanford University

*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 2012-2014 graduating cohorts six months after graduation.

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

Tuition fees

The fees indicated are for undergraduate entry in the 2017/18 academic year and are for the first year of the programme only.

UK/EU students
£TBC (2017/18 - see below)
Overseas students
£18,580 (2017/18)

UK/EU undergraduate fees are currently (August 2016) capped at 9,000 and UCL charges fees at the level of that cap. This cap on UK/EU undergraduate fees is currently under review by the UK Government and may be subject to increase for the year commencing 2017 and for each year of study thereafter. Fees for overseas students may be subject to an annual increase in subsequent years of study by up to 5%.

Please see the full details of UCL's fees and possible changes on the UCL Current Students website

Funding

Various funding options are available, including student loans, scholarships and bursaries. UK students whose household income falls below a certain level may also be eligible for a non-repayable bursary or for certain scholarships. Please see the Fees and funding pages for more details.

Departmental scholarships

The Scholarships and Funding website lists scholarships and funding schemes available to UCL students. These may be open to all students, or restricted to specific nationalities, regions or academic department.

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 2017



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

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