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BSc Economics and Mathematics - in Clearing

Why we're great

  • Our students love studying with us - we receive consistently high student satisfaction scores.
  • As well as being world-class academics and researchers, we are award-winning lecturers.
  • We go the extra mile to make sure you succeed both during and after your time with us.

Course options2016-17

UCAS code: LG11
Duration: 3 years
Start month: October
Location: Colchester Campus
Based in: Mathematical Sciences
Fee (Home/EU): £9,000
Fee (International): £12,950

UCAS code: LG1C
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: Mathematical Sciences
Fee (Home/EU): £9,000
Fee (International): £12,950

UCAS code: L1G2
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: Mathematical Sciences
Fee (Home/EU): £9,000
Fee (International): £12,950

Clearing enquiries

Telephone 01206 873666
Email clearing@essex.ac.uk

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About the course

Many students are attracted to mathematics at school by the clear unequivocal nature of the answers to the questions. Mathematics is a discipline in which, at university level too, precise propositions can lead, through elegant arguments, to far-reaching consequences, including surprising applications. The clear-cut nature of the subject means that a higher proportion of mathematics students obtain first-class degrees than in most other subjects.

On this course, you investigate topics in mathematics, and mathematical applications in economics. Mathematics develops strong problem solving skills that will complement the economics side of your course and allow you to understand the more complex elements of the subject, so that you can examine the decisions of individuals, the strategies of firms and the policies of individuals.

You will explore topics including:

  • Microeconomics (economics of producers and consumers)
  • Macroeconomics (economics of nations)
  • Probability and applied statistics
  • Finance and Big Data
  • Discrete mathematics, languages and semigroup theory

Our Department of Mathematical Sciences is genuinely innovative and student-focused; we are working on projects ranging from the economic impact of the behaviour of dairy cows, to understanding crowd behaviour through modelling a zombie apocalypse, to circular Sudoku and other puzzles.

Meanwhile our Department of Economics is rated consistently highly for student satisfaction, and is Top 5 in the UK for research, with over 90% of their research rated as “world-leading” or “internationally excellent” (REF 2014).

“I found staff in my Department very helpful, and someone was always available to help. Since leaving Essex I have trained as accountant at A4G Accountants, and many of my modules help with my day-to-day understanding of the job. My time at Essex was the best three years of my life so far.”

Kate McGarry, BSc Financial Economics, 2012

Study abroad

Your education extends beyond the university campus. We support you by providing the option of an additional year at no extra cost. The four-year version of our degree allows you to spend the third year studying abroad or employed on a placement, while otherwise remaining identical to the three-year course.

Studying abroad allows you to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised. Popular destinations include:

  • Bocconi Universit (Italy)
  • Monash University (Australia)
  • North Carolina University (USA)
  • Complutense University of Madrid (Spain)

Placement year

Alternatively, you can spend your third year on a placement year with an external organisation, where you learn about a particular sector, company or job role, apply your academic knowledge in a practical working environment, and receive inspiration for future career pathways.

Our expert staff

As well as being world-class academics, our mathematics staff are award-winning teachers. Many of our staff have won national or regional awards for lecturing, and many of them are qualified and accredited teachers – something which is very rare at a university.

The Department of Mathematical Sciences is a small but influential department, so our students and staff know each other personally. You never need an appointment to see your lecturers and professors, just knock on our office doors – we are one of the few places to have an open-door policy, and no issue is too big or small.

You also have the opportunity to study and work alongside some of the most prominent economists.

Our researchers are at the forefront of their field and have even received MBEs. Many of our academic staff also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future.

Specialist facilities

Take advantage of our extensive learning resources to assist you in your studies:

  • Extensive software for quantitative analysis is available in all computer labs across the university
  • Join our lively Economics Society, an active and social group where you can explore your interest in your subject with other students
  • Unique to Essex is our renowned Maths Support Centre, which offers help to students, staff and local businesses on a range of mathematical problems. Throughout term-time, we can chat through mathematical problems either on a one-to-one or small group basis
  • We have our own computer labs for the exclusive use of students in the Department of Mathematical Sciences – in addition to your core maths modules, you gain computing knowledge of software including Matlab and Maple

Your future

Clear thinkers are required in every profession, so the successful mathematician has an extensive choice of potential careers.

Our graduates are highly employable in a wide range of places, working in business, pharmaceutical industries, banking and computing among others. The Council for Mathematical Sciences offers further information on careers in mathematics.

Our recent graduates from our BSc Economics and Mathematics have found employment as:

  • Chartered accountants
  • Investment consultants
  • Accounts technicians
  • Stock lending analysts

We also work with the university’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

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Example structure

Studying at Essex is about discovering yourself, so your course combines compulsory and optional modules to make sure you gain key knowledge in the discipline, while having as much freedom as possible to explore your own interests. Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

For many of our courses you’ll have a wide range of optional modules to choose from – those listed in this example structure are just a selection of those available. The opportunity to take optional modules will depend on the number of core modules within any year of the course. In many instances, the flexibility to take optional modules increases as you progress through the course.

Our Programme Specification gives more detail about the structure available to our current first-year students, including details of all optional modules.

Year 1

How do consumers make decisions? Or firms conduct different market strategies? What impact does government policy have on inflation? Or unemployment? Develop your knowledge of economics in relation to a range of contemporary issues. Learn how to apply both micro and macroeconomic principles to the analysis of such problems.

How do you apply the addition rule of probability? Or construct appropriate diagrams to illustrate data sets? Learn the basics of probability (combinatorial analysis and axioms of probability), conditional probability and independence, and probability distributions. Understand how to handle data using descriptive statistics and gain experience of R software packages.

Can you perform simple operations on matrices? How do you solve systems of linear equations using row operations? Can you calculate the determinant and inverse of a matrix? Understand the basics of linear algebra, with an emphasis on vectors and matrices.

What skills do you need to succeed during your studies? And what about after university? How will you realise your career goals? Develop your transferable skills and experiences to create your personal profile. Reflect on and plan your ongoing personal development, with guidance from your personal advisor within the department.

Year 2

What tools can you use for macroeconomic analysis? And how can these then be applied to macro-policy issues? Learn how to build alternative macroeconomic models and apply analytical reasoning. Examine real-life macroeconomic questions, on topics such as government budgets or wage-price flexibility, and critically evaluate macroeconomic policies.

How do consumers behave in a competitive market? And what about producers? How do various imperfections affect the outcome of decentralised markets? Study the fundamental concepts and methods in microeconomics. Understand the tools and methods of analysis for economic reasoning, and develop your critical approach to economic issues and policies.

What are the principles underlying proofs of basic theorems concerning limits, continuity and differentiability? How do you use quantifiers in analysis? Gain an understanding into real analysis, examining sequences and functions. Study relevant theorems (like Rolle’s and the Mean Value) and learn to reproduce elementary epsilon-delta arguments.

Can you recognise and manipulate simple sequences and series? Are you able to calculate Taylor series expansions? Or radii of convergence in power series? Can you change the order of integration in repeated integrals? Study a range of core mathematical techniques that have broad applicability.

What are the processes and pitfalls of mathematical approximation? How do you carry out simple numerical processes “by hand”? Understand the practical techniques for carrying out numerical computations on a range of mathematical problems. Build your knowledge of mathematical computing. Learn how to implement and execute algorithms in Matlab.

What skills do you need to succeed during your studies? And what about after university? How will you realise your career goals? Develop your transferable skills and experiences to create your personal profile. Reflect on and plan your ongoing personal development, with guidance from your personal advisor within the department.

How do you prove simple properties of linear space from axioms? Can you check whether a set of vectors is a basis? How do you change a basis and recalculate the coordinates of vectors and the matrices of mapping? Study abstract linear algebra, learning to understand advanced abstract mathematical definitions.

Can you formulate an appropriate linear programming model? Are you able to solve a small linear programming problem using an appropriate version of the Simplex Algorithm? Can you use the MATLAB computer package to solve linear programming problems? Understand the methods of linear programming, including both theoretical and computational aspects.

How do you define gradient, divergence and curl? What do you know about Green’s Theorem? And about Stoke’s? Study the classical theory of vector calculus. Develop the two central theorems by outlining the proofs, then examining various applications and examples. Understand how to apply the ideas you have studied.

What are the principles of actuarial modelling? And what are survival models? Examine how calculations in clinical trials, pensions, and life and health insurance require reliable estimates of transition intensities/survival rates. Learn how to estimate these intensities. Build your understanding of estimation procedures for lifetime distributions.

This application-driven course teaches you how to formulate and solve real-world problems concerned with decision-making in modern management. You learn how to build simulation models, how to run simulations using simple Excel spreadsheets, and, to evaluate and interpret output results.

Final year

How do you solve systems of linear first-order equations in two unknowns with constant coefficients? Or analyse the stability characteristics of non-linear systems in two unknowns? Study the standard methods to solve single ordinary differential equations and systems of equations. Understand the underlying theory.

How do you formulate financial decision problems mathematically? And how do you identify an appropriate method of solution? Understand the basic models and mathematical methods underlying modern portfolio management. Assess the limitations of these models and learn to correctly interpret your results from calculations.

How are firms organised? What impact does this have on their environment? Or their competitive strategies? Using real-life case studies, understand the economic principles behind different organisational arrangements. Apply economic analysis to address issues about decision making within different firms.

What caused the collapse of socialist economies in the late twentieth-century? What are the economic problems that transitional economies faced? And what can we learn from the policies and degrees of success that followed? Build your understanding of the collapse of centrally planned economies and their transition to market economies.

In this module you will explore a range of methods used in the modern application of econometric techniques to economic and financial data. The course will enable you to practise the relevant methods, rather than to derive estimators or tests, or to prove the theorems upon which these are based.

Can economic analysis be applied to environmental issues? And to environmental policies? Understand the strengths and weaknesses of economic analysis when applied to the environment. Learn to design policies that result in positive environmental outcomes in the modern world.

How do you express numbers in both Cartesian and polar forms? Can you identify curves and regions in the complex plane defined by simple formulae? How do you evaluate residues at pole singularities? Study complex analysis, learning to apply the Residue Theorem to the calculation of real integrals.

What skills do you need to succeed during your studies? And what about after university? How will you realise your career goals? Develop your transferable skills and experiences to create your personal profile. Reflect on and plan your ongoing personal development, with guidance from your personal advisor within the department.

Year abroad

On your year abroad, you have the opportunity to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised. The rest of your course remains identical to the three-year degree.

Teaching

  • Teaching mainly takes the form of lectures – you study roughly two 50-minute lectures and one 50-minute class per week, per module
  • Take a mathematics careers and employability module, where you compile a portfolio of skills and experience
  • Optional support classes in Economics

Assessment

  • Your final mark is a weighted combination of marks gained on coursework (eg homework problem sheets or tests) and your summer examinations
  • Third-year students have the opportunity to complete a full-year or one-term project

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Qualifications

If you already have your results and want to apply for 2016 entry through Clearing, complete our Clearing application form and we’ll get back in touch with you or give us a ring to discuss your grades.

IELTS entry requirements

English language requirements for applicants whose first language is not English: IELTS 6.0 overall. (Different requirements apply for second year entry.)

If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels required. Please note that date restrictions may apply to some English language qualifications.

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Visit us

Campus tours

We offer individual tours of our Colchester and Southend Campuses. You’ll be shown around the campus, facilities and accommodation.

Can't get to Campus?

Don’t worry – our interactive virtual tours and videos allow you to explore our campuses, accommodation and facilities in Colchester and Southend. You can even take a look at our Colchester Campus using Google Streetview.

Applying

How to apply during Clearing

Once you’ve checked that we have the right course for you, applying couldn’t be simpler. Fill in our quick and easy Clearing application form with as much detail as you can. We’ll then take a look and get back to you with a decision. There’s no need to call us to apply; just do it all online.

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following course after a successful interview:

  • BA Multimedia Journalism

The interview allows our academics to find out more about you, and in turn you’ll be able to ask us any questions you might have.

Further details will be emailed to you if you are shortlisted for interview.

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Although great care is taken in compiling our course details, they are intended for the general guidance of prospective students only. The University reserves the right to make variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses, if such action is reasonably considered to be necessary by the University.

The full procedures, rules and regulations of the University are set out in the Charter, Statues and Ordinances and in the University Regulations, Policy and Procedures.

* Course subject to approval.