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  • Start date: September 2016

Mathematics with Economics MSci

This MSci offers an extra year of study on top of the Mathematics with Economics BSc, during which students have the opportunity to specialise further by taking more advanced courses, and undertaking a major project. No previous knowledge of economics is required.

Key Information

Degree Programme
Mathematics with Economics MSci
UCAS code
G1LC
Duration
4 years
Application deadline
15 January 2016
Subject area
Mathematics
Total intake
210 (2016 entry)
Applications per place
9 (2014 entry)
Research Excellence Framework
82% rated 4* (‘world-leading’) or 3* (‘internationally excellent’)

Entry requirements

A Levels

Grades
A*A*A, or A*AA and a 1 in any STEP paper or distinction in Mathematics AEA
Subjects
Mathematics and Further Mathematics required at A*, or Mathematics at A* and Further Mathematics at A if STEP or AEA 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
39-40
Subjects
A score of 20 points in three higher level subjects including 7 in Mathematics, or 19 points in three higher level subjects including 7 in Mathematics and a 1 in any STEP paper or a distinction in Mathematics AEA, with no score below 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 33 credits awarded with Distinction in the Level 3 units, or 28 credits awarded with Distinction in the Level 3 units and a 1 in any STEP paper or a Distinction in AEA, the remainder of the Level 3 units awarded with Merit.

D2,D2,D3 in three Cambridge Pre-U Principal Subjects, including Mathematics. Or D2,D3,D3 in three Cambridge Pre-U Principal Subject Certificates, including Mathematics and a 1 in any STEP paper

A1,A1,A at Advanced Highers (or A1,A1 at Advanced Higher and A,A,A at Higher) including Mathematics, or A1,A,A at Advanced Highers (or A1,A at Advanced Higher and A,A,A at Higher) including Mathematics and a 1 in any STEP paper

Successful completion of the WBQ Advanced Diploma, plus 2 GCE A levels at grades A*A*, or A*A and a 1 in any STEP paper or Distinction in AEA. To include Mathematics and Further 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

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: Standard

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

Degree benefits

  • There are close and exciting connections between parts of economic theory and certain areas of abstract mathematics. Research interests of staff allow the possibility of advanced courses in this area.
  • The MSci allows for additional in-depth study, providing the skills necessary for academic research in mathematics and economics.
  • Internationally renowned UCL Mathematics is home to world-leading researchers in a wide range of fields, especially geometry, spectral theory, number theory, fluid dynamics and mathematical modelling.
  • Three of the six British winners of the Fields medal (the mathematician's equivalent of the Nobel Prize) have associations with the department.

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).

In the first two years you will receive a thorough grounding in analysis, algebra and mathematical methods, following the same courses as the single-subject Mathematics students taking 3.0 credits each year. In place of the applied Mathematics courses, you will take 1.0 credit of introductory economics each year (comprising both microeconomics and macroeconomics). Having laid the basic foundations there is a range of options in both mathematics and economics in the third and fourth years. The fourth year will include a major project, which will involve a substantial piece of written work and a presentation.

This programme is offered as a three-year BSc or a four-year MSci degree. The first two years of the programme are identical, and students are advised to apply for the MSci degree in the first instance, as it is possible to transfer to the BSc during the first three years.

Year One

Compulsory courses

Mathematics courses:
Algebra 1
Algebra 2
Analysis 1
Analysis 2
Mathematical Methods 1
Mathematical Methods 2

Economics courses:
Economics 1 (Combined Studies) (1.0 credit)

Optional courses

All first year courses are compulsory.

Year Two

Compulsory courses

Mathematics courses:
Algebra 3: Further Linear Algebra
Analysis 3: Complex Analysis
Mathematical Methods 3

Economics courses:
Economics 2 (Combined Studies) (1.0 credit)

Optional courses

You will select three of the following:

Algebra 4: Groups and Rings
Analysis 4: Real Analysis
Computational Methods
Geometry and Groups
Mathematical Methods 4
Number Theory
Probability and Statistics

One of the courses may be replaced by a half-credit outside option, subject to departmental approval.

Year Three

Compulsory courses

All third-year courses are optional. Currently available Mathematics options are described on the UCL Mathematics website.

Optional courses

You will select:

2.0 credits of third-year Mathematics designated options
1.0 credit of suitable Economics options
1.0 credit of third-year Mathematics or approved outside options

Final Year

Compulsory courses

Project in Mathematics

Optional courses

You will select:

1.0 credit of fourth-year Mathematics options
1.0 credit of suitable Economics-related options
1.0 credit of third- or fourth-year Mathematics or approved outside options.

Your learning

Teaching is mainly carried out through lectures and small-group tutorials. Problem classes allow you to exercise the skills you have learned. In addition, an 'office hours' system for each course allows you to meet with tutors on a one-to-one basis to review parts of the course you find interesting or need clarifying.

Assessment

Most courses are assessed by two-hour written examinations in the third term, with a small element (10%) of coursework assessment. A system of Peer Assisted Learning has been pioneered in the department, with second-year students offering support and advice to first-years.

Further Information

Detailed course descriptions are available on the department website: Mathematics with Economics MSci.

Careers

We aim to develop your skills in mathematical reasoning, problem-solving and accurate mathematical manipulation. You will also learn to handle abstract concepts and to think critically, argue logically and express yourself clearly.

A mathematics degree is highly valued by employers due to the skills in logical thinking, analysis, problem-solving and, of course, numeracy, that it develops.

Graduates have gone forward to use their mathematical skills in careers in the City of London, such as forecasting, risk analysis and trading, in financial services, such as accountancy, banking and insurance, and in scientific research, information technology and industry.

Further study, such as a Master's degree or a PGCE qualification, is another popular option.

Destinations

First career destinations of recent graduates (2010-2013) of Mathematics with Economics programmes at UCL include:

  • Full-time student, MSc in Numerical Analysis and PDEs at the Université Pierre et Marie Curie, Paris (2013)
  • Full-time student, MSc in Mathematics and Finance at Colombia University (2012)
  • Full-time student, LLM at BPP Law School (2012)
  • Trading Analyst, Citigroup (2011)
  • Full-time student, MSc in Economics at the University of Cambridge (2011)

*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
£16,690 (2015/16)

Funding

Details about financial support are available at: Fees and funding

Scholarships

Scholarships listed below are relevant to the department. Please read the details carefully to check they are relevant to the degree and your own circumstances.

Dean's Summer Student Scholarships

Value
Variable
Eligibility
Overseas
Criteria
Based on academic merit

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

In addition to academic requirements, we expect you to demonstrate an understanding and enjoyment of the subject beyond the examined syllabus, through your reading and involvement in problem-solving activities. Evidence of your curiosity and perseverance in tackling puzzles, and your enjoyment of logical and abstract thinking, should be shown in your application.

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

If your application is sufficiently strong you will be invited to visit the department for an applicant afternoon. Alternatively, some invitations are for an academic interview. You will also be able to talk to current students and staff and will be given a tour.

The department is involved in the Year in Industry Scheme which involves deferring entry for a year to gain valuable work experience.

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