Undergraduate Course

BSc Economics with Mathematics

Now In Clearing
BSc Economics with Mathematics

Overview

The details
Economics with Mathematics
L1G1
October 2021
Full-time
3 years
Colchester Campus
Economics

How do individuals and organisations produce, consume and sell goods and services? How can a country or individual make better use of the resources it has? Economics is not only about stocks, shares, and financial markets; it relates to every aspect of our lives where there is a demand to produce and supply goods and services.

Economics at Essex is a home for the tenacious and bold: we encourage you to ask difficult questions so you can work with us to break intellectual boundaries and pioneer new solutions to issues of global concern. 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.

Our course gives you a thorough introduction to all aspects of economics and mathematics. You explore topics including:

  • Micro and macroeconomics
  • Qualitative and mathematical research methods
  • Statistics
  • Linear algebra
  • Calculus

You examine the decisions of individuals, the strategies of firms and the policies of individuals to understand and challenge the standard rules of economics.

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

Our Department of Mathematical Sciences is genuinely innovative and student-focused. Our research groups are working on a broad range of collaborative areas tackling real-world issues. Here are a few examples:

  • Our data scientists carefully consider how not to lie, and how not to get lied to with data. Interpreting data correctly is especially important because much of our data science research is applied directly or indirectly to social policies, including health, care and education.
  • We do practical research with financial data (for example, assessing the risk of collapse of the UK’s banking system) as well as theoretical research in financial instruments such as insurance policies or asset portfolios.
  • We also research how physical processes develop in time and space. Applications of this range from modelling epilepsy to modelling electronic cables.
  • Our optimisation experts work out how to do the same job with less resource, or how to do more with the same resource.
  • Our pure maths group are currently working on two new funded projects entitled ‘Machine learning for recognising tangled 3D objects’ and ‘Searching for gems in the landscape of cyclically presented groups’.
  • We also do research into mathematical education and use exciting technologies such as electroencephalography or eye tracking to measure exactly what a learner is feeling. Our research aims to encourage the implementation of ‘the four Cs’ of modern education, which are critical thinking, communication, collaboration, and creativity.
Why we're great.
  • We are Top 5 in the UK for our research excellence (REF 2014)- you can learn from the best.
  • 93% of our students from the Department of Economics expressed overall satisfaction with their course (NSS 2020).
  • We give you diverse employment potential and the chance to meet future employers.
THE Awards 2018 - Winner University of the Year

Study abroad

Your education extends beyond the university campus. We support you in expanding your education through offering the opportunity to spend a year or a term studying abroad at one of our partner universities. The four-year version of our degree allows you to spend the third year abroad or employed on a placement abroad, 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.

If you spend a full year abroad you'll only pay 15% of your usual tuition fee to Essex for that year. You won't pay any tuition fees to your host university

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.

If you complete a placement year you'll only pay 20% of your usual tuition fee to Essex for that year.

Our expert staff

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.

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.

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
  • In addition to teaching, we have a Maths Support Centre, which offers help to students 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 a dedicated social and study space for Maths students in the department, which is situated in the new £18m STEM Centre

Your future

As a graduate of our BSc Economics with Mathematics you will have strong problem solving, data analysis and quantitative skills, which are valued highly by employers. In particular, you will find that you background in economics statistics and methods enhances your employability.

Our students find themselves in demand from a wide range of employers in a host of occupations, including financial analysis, management, public administration and accountancy, as well as directly in roles using economic knowledge.

Our recent graduates have gone on to work for a wide range of high-profile companies including:

  • Bank of England
  • Barlcays
  • Citigroup
  • Deloitte
  • Ernst and Young
  • Morgan Stanley
  • Bank of New York
  • Santander

We also work with the University’s Student Development Team to help you find out about further work experience, internships, placements, and voluntary opportunities.

“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

Entry requirements

Clearing entry requirements

Specific entry requirements for this course in Clearing are not published here but for most of our degree courses you will need to hold a Level 3 qualification. If you are interested in applying and have already received your results, use our Clearing application form to apply for 2021 entry and find out if you are eligible. You will be asked to provide details of your qualifications and grades.

English language requirements

English language requirements for applicants whose first language is not English: IELTS 6.0 overall. Different requirements apply for second year entry, and specified component grades are also required for applicants who require a Tier 4 visa to study in the UK.

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 listed above. Please note that date restrictions may apply to some English language qualifications

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.

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

Structure

Course structure

We offer a flexible course structure with a mixture of core/compulsory modules, and optional modules chosen from lists.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The course content is therefore reviewed on an annual basis to ensure our courses remain up-to-date so modules listed are subject to change.

Teaching and learning disclaimer

Following the impact of the pandemic, we made changes to our teaching and assessment to ensure our current students could continue with their studies uninterrupted and safely. These changes included courses being taught through blended delivery, normally including some face-to-face teaching, online provision, or a combination of both across the year.

The teaching and assessment methods listed show what is currently planned for 2021 entry; changes may be necessary if, by the beginning of this course, we need to adapt the way we’re delivering them due to the external environment, and to allow you to continue to receive the best education possible safely and seamlessly.

Components and modules explained

Components

Components are the blocks of study that make up your course. A component may have a set module which you must study, or a number of modules from which you can choose.

Each component has a status and carries a certain number of credits towards your qualification.

Status What this means
Core
You must take the set module for this component and you must pass. No failure can be permitted.
Core with Options
You can choose which module to study from the available options for this component but you must pass. No failure can be permitted.
Compulsory
You must take the set module for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Compulsory with Options
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Optional
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.

The modules that are available for you to choose for each component will depend on several factors, including which modules you have chosen for other components, which modules you have completed in previous years of your course, and which term the module is taught in.

Modules

Modules are the individual units of study for your course. Each module has its own set of learning outcomes and assessment criteria and also carries a certain number of credits.

In most cases you will study one module per component, but in some cases you may need to study more than one module. For example, a 30-credit component may comprise of either one 30-credit module, or two 15-credit modules, depending on the options available.

Modules may be taught at different times of the year and by a different department or school to the one your course is primarily based in. You can find this information from the module code. For example, the module code HR100-4-FY means:

HR 100  4  FY

The department or school the module will be taught by.

In this example, the module would be taught by the Department of History.

The module number. 

The UK academic level of the module.

A standard undergraduate course will comprise of level 4, 5 and 6 modules - increasing as you progress through the course.

A standard postgraduate taught course will comprise of level 7 modules.

A postgraduate research degree is a level 8 qualification.

The term the module will be taught in.

  • AU: Autumn term
  • SP: Spring term
  • SU: Summer term
  • FY: Full year 
  • AP: Autumn and Spring terms
  • PS: Spring and Summer terms
  • AS: Autumn and Summer terms

COMPONENT 01: CORE

Introduction to Economics
(30 CREDITS)

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.

View Introduction to Economics on our Module Directory

COMPONENT 02: CORE

Calculus
(30 CREDITS)

This module will allow you to build your knowledge of differentiation and integration, how you can solve first and second order differential equations, Taylor Series and more.

View Calculus on our Module Directory

COMPONENT 03: CORE

Matrices and Complex Numbers
(15 CREDITS)

Can you perform simple operations on complex numbers? 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.

View Matrices and Complex Numbers on our Module Directory

COMPONENT 04: CORE

Statistics I
(15 CREDITS)

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.

View Statistics I on our Module Directory

COMPONENT 05: OPTIONAL

Option(s) from list or Outside Option(s)
(30 CREDITS)

COMPONENT 06: COMPULSORY

Career Skills in Economics
(0 CREDITS)

Are you ready for graduate employment? Like to improve your core skills? Need to know more about the working world? Attend workshops, events and activities to build your knowledge, abilities and experience with this compulsory, zero credit module that runs during your three years of undergraduate study.

View Career Skills in Economics on our Module Directory

COMPONENT 01: COMPULSORY

Macroeconomics (Intermediate)
(30 CREDITS)

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.

View Macroeconomics (Intermediate) on our Module Directory

COMPONENT 02: COMPULSORY

Microeconomics (Intermediate)
(30 CREDITS)

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.

View Microeconomics (Intermediate) on our Module Directory

COMPONENT 03: COMPULSORY WITH OPTIONS

EC251-5-SP or MA210-5-SP or MA209-5-SP
(15 CREDITS)

COMPONENT 04: COMPULSORY

Introduction to Econometric Methods
(15 CREDITS)

Which econometric methods can analyse economic data? How do you critically assess applied economic literature? Learn how to carry out statistical and econometric calculations, plus gain experience of using the Stata software package. Demonstrate your subsequent understanding of the linear regression model with your own investigation on an empirical issue.

View Introduction to Econometric Methods on our Module Directory

COMPONENT 05: COMPULSORY

Optimisation (Linear Programming)
(15 CREDITS)

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

View Optimisation (Linear Programming) on our Module Directory

COMPONENT 06: COMPULSORY

Ordinary Differential Equations
(15 CREDITS)

The subject of ordinary differential equations is a very important branch of Applied Mathematics. Many phenomena from Physics, Biology, Engineering, Chemistry, Finance, among others, may be described using ordinary differential equations. To understand the underlying processes, we have to find and interpret the solutions to these equations. The last part of the module is devoted to the study of nonlinear differential equations and stability. This module provides an overview of standard methods for solving single ordinary differential equations and systems of ordinary differential equations, with an introduction to the underlying theory.

View Ordinary Differential Equations on our Module Directory

COMPONENT 07: COMPULSORY

Career Skills in Economics
(0 CREDITS)

Are you ready for graduate employment? Like to improve your core skills? Need to know more about the working world? Attend workshops, events and activities to build your knowledge, abilities and experience with this compulsory, zero credit module that runs during your three years of undergraduate study.

View Career Skills in Economics on our Module Directory

COMPONENT 01: COMPULSORY

Project: Economics
(30 CREDITS)

What interests you? Design and implement your own research project, under the guidance and supervision of our world-leading academic staff. Demonstrate your knowledge of economic ideas in greater depth, building your professional research skills and developing further understanding of a topic that fascinates you.

View Project: Economics on our Module Directory

COMPONENT 02: OPTIONAL

Final year Economics option from list
(15 CREDITS)

COMPONENT 03: OPTIONAL

Final year Economics option(s) from list
(30 CREDITS)

COMPONENT 04: OPTIONAL

Final year Mathematics option(s) from list
(30 CREDITS)

COMPONENT 05: OPTIONAL

Economics or Mathematics option from list
(15 CREDITS)

COMPONENT 06: COMPULSORY

Career Skills in Economics
(0 CREDITS)

Are you ready for graduate employment? Like to improve your core skills? Need to know more about the working world? Attend workshops, events and activities to build your knowledge, abilities and experience with this compulsory, zero credit module that runs during your three years of undergraduate study.

View Career Skills in Economics on our Module Directory

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 is arranged to allow freedom in how you organise your learning experiences
  • After receiving a general overview of a topic in your two-hour weekly lecture, you discuss and solve the issues it raises in a class with 15 to 20 fellow students
  • Optional support classes in Economics
  • Mathematics 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

Assessment

  • You are assessed each year through a mixture of coursework and end-of-year examinations
  • The weighting of your Economics modules is set at 50% coursework and 50% exam
  • For many of your second- and final-year modules, coursework takes the form of an extended essay
  • Complete your final year project in consultation with a personal supervisor

Fees and funding

Home/UK fee

£9,250

International fee

£17,700

EU students commencing their course in the 2021-22 academic year will be liable for the International fee.

Fees will increase for each academic year of study.

Home/UK fees and funding information

International fees and funding information

What's next

Open Days

Our events are a great way to find out more about studying at Essex. We run a number of Open Days throughout the year which enable you to discover what our campus has to offer. You have the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

Check out our Visit Us pages to find out more information about booking onto one of our events. And if the dates aren’t suitable for you, feel free to book a campus tour here.

2021 Open Days (Colchester Campus)

  • Saturday, August 14, 2021
  • Saturday, September 18, 2021
  • Saturday, October 23, 2021

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.

Find out more about Clearing

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
  • BSc Nursing (Adult)
  • BSc Nursing (Mental Health)
  • BA Social Work

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.


Apply now
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Home to 15,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.

 

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