At undergraduate level, the Department of Economics offers the BSc Economics (L100); the BSc Economics with a Year Abroad (L101) degree programmes and BSc Economics with a Placement Year (L102).
- L100 BSc Economics
This is a three-year single-subject degree programme and provides a thorough grounding in economic theory, along with the technical tools, mathematics and statistics, to assist in mastering the theory.
The first-year curriculum contains compulsory courses on economic theory, applied economics, mathematics and statistics. There is also the opportunity to take optional courses in or outside the department. In the second year, students take compulsory course units in microeconomics, macroeconomics and econometrics. They are also required to take a fourth unit course or two half-unit courses, which may be taken in or outside the department. Economics options available to second-year students include finance, money and banking, labour economics and environmental economics. In the third year, students are again required to take four course units, of which at least three must be economics and at least two from a list of advanced economics courses not available to second-year students. Third-year courses are concerned with particular fields of application (industrial economics, international economics, economic development), advanced theory (game theory, economics of information) and further topics in econometrics.
Most third-year courses introduce students to research papers and current research, including that of staff members. Students benefit from instruction by members of 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.
- L101 BSc Economics with a year abroad
This is a four-year single-subject degree programme, which includes a year of study abroad.
The first, second and final years of this four-year degree are the same as those of the three-year L100 Economics BSc (Econ) degree with the third year spent studying economics at a university overseas. At the end of the programme, students will be able to demonstrate all the core competencies of the L100 Economics BSc (Econ) degree as well as transferable skills such as adaptability, flexibility and sensitivity to cultural differences, all of which are key to a successful career in a truly international discipline.
- L102 BSc Economics with a placement year
This is a four-year single subject degree programme that includes the opportunity to apply to spend a year on an approved placement. The degree combines the rigorous foundation in economic concepts and tools, including quantitative methods from our L100 degree, with an opportunity to develop and apply those tools in a real-world context and gain important professional experience in an economics-related role.
Support in applying and preparing for placements will be available. A placement cannot be guaranteed.
The first and second years of this four-year degree are largely the same as those of the three-year L100 Economics BSc (Econ) degree. L102 students are required to complete our not-for-credit course, Economics Skills Lab, in their second year and engage with a Preparing for Placement module, alongside their other second year courses. If successful in obtaining a placement, students spend their third year on a minimum 36-week approved professional placement. During the final year students will follow the same curriculum as students on our L100 and L101 Programme. As part of their final year four course units, L102 students must complete an undergraduate dissertation linking their experience in the workplace with academic enquiry.
At the end of the programme, students will be able to demonstrate the core competencies of the L100 Economics BSc (Econ) degree as well as key skills essential in any career today, including the ability to develop critical problem-solving strategies, communicate ideas effectively to others and work successfully in a team.
UCL also offers a number of joint degrees which are run by other departments. These programmes are listed below and you can access the relevant section of the Undergraduate Prospectus by clicking on the programme name.
New Bursary available in 2018/19
The Ian and Kate El-Mokadem Bursary has been established to support a UK-domiciled student; studying on an undergraduate 3-year Economics degree starting in the 2018/19 academic year. The degree programme can be Economics alone, or can be a joint programme with another department as along as it is anchored in Economics.
The total value of the award each year is £25,000 (i.e. £75,000 will be awarded across the three years of the course) and is intended to cover both tuition fees and living costs for the duration of the 3-year degree. Full criteria.