Undergraduate prospectus

  • Start date: September 2017

Economics and Statistics BSc (Econ)

This programme, run jointly with UCL Economics, combines an in-depth study of economics and econometrics with a solid grounding in mathematical and statistical methods. The programme is suitable for students of high mathematical ability who are considering a career in finance, business or industry.

Key information

UCAS code
3 years
Application deadline
15 January 2017
Applications per place
9 (2015 entry)*
Total intake
115 (2017 entry)*
* Figures relate to Statistical Science subject area

Entry requirements

A levels

A* in Mathematics or AA in Mathematics and Further Mathematics required.
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

A score of 18-19 points in three higher level subjects including grade 7 in Mathematics, 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

Pass in Access to HE Diploma, with a minimum of 23-28 credits awarded with Distinction in the Level 3 units, the remainder of the Level 3 units awarded with Merit.

D2,D3,D3 - D3,D3,D3 in three Cambridge Pre-U Principal Subjects. Mathematics at D2 required or D3,D3 in Mathematics and Further Mathematics.

A1,A,A - A,A,A at Advanced Highers (or A1,A at Advanced Higher and A,A,A at Higher - A,A at Advanced Higher and A,A,A at Higher), including Mathematics at Advanced Higher.

Successful completion of the WBQ Advanced Skills Challenge Certificate plus 2 GCE A-Levels at grades A*AA - AAA, including Mathematics.

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

  • London is the financial capital of Europe and a leading global financial centre, and UCL is located close to the financial institutions in the City.
  • Teaching is enhanced by the varied research interests of our academic staff; from the foundations of the subject to applications of statistics in science, medicine, industry, economics and finance.

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: Statistical Science.

  • 82% 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.


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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).

This BSc is a joint degree programme taught in conjunction with UCL Economics. A first-year combination of statistics, economics and mathematics is followed by a roughly equal mix of statistics and economics modules (including econometrics) over years two and three. In the third year in particular, there is considerable flexibility in the range of options available in both economics and statistics.


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

Core or compulsory module(s)

Economics I (Combined Studies)
Introduction to Practical Statistics
Introduction to Probability and Statistics
Further Probability and Statistics
Mathematics for Students of Economics, Statistics and Related Disciplines I
Mathematics for Students of Economics, Statistics and Related Disciplines II

Optional modules

Applied Economics
The World Economy B

Core or compulsory module(s)

Economics II (Combined Studies)
Linear Models and the Analysis of Variance
Mathematics for Students of Economics, Statistics and Related Disciplines III
Probability and Inference
Quantitative Economics and Econometrics

Optional modules

Introduction To Applied Probability
Social Statistics

Core or compulsory module(s)

All final year modules are optional.

Optional modules

You will select 4.0 credits from a wide range of Economics and Statistical Science options. Options may include:

Bayesian Methods in Health Economics
Econometrics for Macroeconomics and Finance
Economics of Finance
Environmental Economics
Game Theory
Medical Statistics I
Medical Statistics II
Money and Banking
Optimisation Algorithms in Operational Research
Quantitative Modelling of Operational Risk & Insurance Analytics
Social Statistics
Stochastic Methods in Finance I
Stochastic Methods in Finance II

Your learning

We employ a variety of teaching methods which include lectures, small-group tutorials, problem classes and computer workshops and e-learning. Lecturers have regular 'office hours' during which you are welcome to come and ask questions about the course material.


Most modules are examined at the end of the academic year in which they are taken using a combination of end-of-year examinations and in-course assessment. Prizes may be awarded to the most outstanding students in the first, second and third year.

Further Information

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


Together with subject-specific knowledge, the programme is designed to equip you with skills valued by employers including: advanced numeracy and quantitative skills, analytical and problem-solving skills, and computing skills.

The demand for graduates with training in statistical science is now a permanent feature in both advanced and developing countries for jobs in finance, commerce, industry, research, education and government. Graduates from this department are well-represented in all these fields, in this country and overseas, and recent graduates have continued to be successful in obtaining a wide variety of jobs.

Popular career choices of previous graduates include the financial sector, training in the actuarial or accountancy professions and jobs in industry and commerce. Postgraduate study, for example in advanced statistics, medical statistics, actuarial science, finance or economics, provides further options.


First career destinations of recent graduates (2012-2014) of this programme include:

  • Analyst, Bank of America Merrill Lynch
  • Financial Analyst, Deutsche Bank
  • Statistician, Department for Communities and Local Government
  • Product Analyst, BNP Paribas
  • Evaluation Analyst, EY

*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 committed 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.

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 at UCL only.

UK/EU students
£9,250 (2017/18)
Overseas students
£21,360 (2017/18)

The UK/EU fee quoted above may be subject to increase for the 2018/19 academic year and for each year of study thereafter and UCL reserves the right to increase its fees in line with UK government policy (including on an annual basis for each year of study during a programme). 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


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 listed below are for 2017 entry. Funding opportunities for students applying for 2017 entry will be published when they are available.

E J Gumbel Scholarship

3,000/yr for duration of programme
Based on academic merit

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

When we receive your application we will consider your academic record, your predicted grades, your personal statement and your reference. Your application should demonstrate high academic ability, particularly in mathematics, an informed interest in all the components of your chosen degree programme and good communication skills. Attendance at an open day may be required; in special cases, candidates may be interviewed.

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


We will decide whether to invite you to an applicant open day on the basis of our assessment of your application. Your visit will include an opportunity to meet staff and current undergraduates, a tour of UCL, a taster lecture and introductory talks about the department and degree programmes.

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

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