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  • Start date: September 2019

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

Programme starts

September 2019
UCAS code
L100
Duration
Full-time: 3 years
Application deadline
15 January 2019
Location
London, Bloomsbury

Entry requirements

A Levels

Grades
A*AA
Subjects
Mathematics grade A* required, plus grade A in Economics if offered.
Grades
(contextual offer)
A*AB (more about contextual offers)
Subjects
(contextual offer)
Mathematics grade A* required, plus grade A in Economics if offered.
GCSEs
English Language and Mathematics at grade C or 5. For UK-based students, a grade C or 5 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-requirements

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 offered with no score lower than 5.
Points
(contextual offer)
38 (more about contextual offers)
Subjects
(contextual offer)
A Score 18 in three higher level subjects including 7 in Mathematics and 6 in Economics if offered 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 in Economics if 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*, plus grade A in 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

UCL 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 knowledge and skills necessary to research answers to problems.  Whatever you decide to focus on, be it policy-making or international business, you will learn how to make use of theories, empirical analysis and the ideas of other researchers to find solutions to questions.

  • Learn from economists who run leading centres for research and provide 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 in the most recent Research Excellence Framework (REF2014), UCL received the highest percentage in the UK for research in Economics and Econometrics, 99% rated either 4* (world-leading) or 3* (internationally excellent).

  • Benefit from a range of lectures presented by eminent economists, including our Gorman Lectures, and from the activities of student societies including the Economist's Society which publishes The Drayton Tribune magazine and the UCLU Economics and Finance Society.

Degree structure

In each year of your degree you will take a number of individual modules, normally valued at 15 or 30 credits, adding up to a total of 120 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 30-credit module 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 economics, 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 modules 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 contact with the Institute for Fiscal Studies and the Department for Business, Energy and Industrial Strategy.  You are required to undertake an assessed independent research project in at least one final-year module, using the tools and knowledge developed in the curriculum.

Modules

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

Core or compulsory module(s)

Applied Economics
Economics
Mathematics for Economics
Statistical Methods in Economics

Optional modules

You will select a total of 30 credits from a wide range of options.

Core or compulsory module(s)

Macroeconomic Theory and Policy
Microeconomics
Quantitative Economics and Econometrics

Optional modules

You will select 30 credits from a wide range of options. Options may include:

Economic History
Economics of Development
Economics of Education
Economics of Labour
Economics of Regulation
Economics of Science
Economics of Tax Policy

Core or compulsory module(s)

A total of at least 60 credits from the list of third-year economics optional modules.  You are required to take at least one economics final-year optional module that has a research project as part of the module assessment.

Optional modules

You will select 60 credits from a wide range of optional modules, of which 30 credits must be taken from the list of second and third-year economics modules. Third-year economics modules may include:

Advanced Economics of Finance
Advanced Macroeconomics
Behavioural Economics
Econometrics for Macroeconomics and Finance
Economics of Information
Economics of Money and Banking
Economic Policy and Analysis
Ethics in Applied Economics
Experimental Economics
Game Theory
Topics in 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. You will be assessed by year-end written examinations and other forms of term-time assessment including, for example, multiple-choice quizzes, in-course essays and research project work.

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 (2013-2015) of this programme include:

  • Financial Analyst, Goldman Sachs
  • Analyst, Ministry of Defence (Singapore)
  • Policy Analyst, Ofgem (Office of Gas and Electricity Markets)
  • Full-time student, MA in Political Science, Columbia University
  • Full-time student, MPhil in Economics, University of Cambridge

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 2013-2015 graduating cohorts six months after graduation.

UCL is commited to helping you get the best start after graduation. Read more about how UCL Careers and UCL Innovation and Enterprise can help you find employment or learn about entrepreneurship.

Student view
I really appreciate the freedom given to students under the course structure. The flexibility in the course allows me to simultaneously be President of The Economist's Society (UCL's official economics society), a Transition Mentor to first year students and still have time to apply for various internships and graduate roles. Neerav Handel Subbiah - Economics BSc (Econ) Second Year

Fees and funding

Tuition fees

The fees indicated are for undergraduate entry in the 2019/20 academic year. The UK/EU fees shown are for the first year of the programme at UCL only. Fees for future years may be subject to an inflationary increase. The Overseas fees shown are the fees that will be charged to 2019/20 entrants for each year of study on the programme, unless otherwise indicated below.

UK/EU students
£9,250 (2019/20)
Overseas students
£21,870 (2019/20)

Full details of UCL's tuition fees, tuition fee policy and potential increases to fees can be found on the UCL 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.

The Ian and Kate El-Mokadem Bursary has been established to support an undergraduate UK-domiciled student taking a 3-year Economics degree programme or a joint degree programme with another department which is anchored in Economics.

Additional costs

If you are concerned by potential additional costs for books, equipment, etc. on this programme, please get in touch with the relevant departmental contact (details given on this page).

Departmental scholarships

The scholarships listed below are for 2018 entry. Funding opportunities for students applying for 2019 entry will be published when they are available.

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 2019



Selection

UK-based applicants who have been made an offer are given the chance to attend an open day. 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.

economics-bsc-econ