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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 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 4th in UK for research power in economics and econometrics (Times Higher Education research power measure, Research Excellence Framework 2021)
We're 7th in the UK and 1st for value-added for economics in the Guardian University Guide 2024
Get hands-on experience in the world of investment banking with the Student Investment and Trading Fund (SIT Fund) - a unique initiative in the East of England. Participate in an investment bootcamp run by Essex alumni who are now investment bankers, before pitching your investment recommendations and monitoring their success.
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.
Our Department of Mathematical Sciences is committed to providing you with the academic support you need to succeed. Our flexible policy means some staff are always available, whilst others maintain regular drop-in times. Staff are always happy to arrange appointments for longer discussions, and no issue is too big or too small.
Specialist facilities
Take advantage of our extensive learning resources to assist you in your studies:
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
UK entry requirements
A-levels: BBB - BBC or 120 – 112 UCAS tariff points from a minimum of 2 full A-levels including B in Mathematics or Further Mathematics.
Please note we are unable to accept A-level Use of Mathematics in place of A-level Mathematics
BTEC: DDM – DMM or 120 – 112 UCAS tariff points from a minimum of the equivalent of 2 full A-levels and only in conjunction with A-level Maths. The acceptability of BTECs is dependent on subject studied and optional units taken - please email ugquery@essex.ac.uk for advice on acceptability
Other qualifications that hold UCAS tariff points, and combined qualifications: 120 – 112 UCAS tariff points from a minimum of 2 full A levels or equivalent including B in Mathematics or Further Mathematics. Tariff point offers may be made if you are taking a qualification, or mixture of qualifications, from the list below:
If you are taking a qualification on the UCAS tariff that is not included in the list above and want to check whether we can accept it as part of a tariff-based offer, please email ugquery@essex.ac.uk
IB: 30 - 29 points or three Higher Level certificates with 555-554. Either must include Higher Level Mathematics grade 5.
We are also happy to consider a combination of separate IB Diploma Programme courses (formerly certificates) at both Higher and Standard Level. Exact offer levels will vary depending on the range of subjects being taken at higher and standard level, and the course applied for.
IB Career-related Programme: We can consider combinations of IB Diploma Programme courses with BTECs or other qualifications. Advice on acceptability can be provided, please contact Undergraduate Admissions for more information.
QAA-approved Access to HE Diploma: 6 level 3 credits at Distinction and 39 level 3 credits at Merit, only in conjunction with A-level Maths, depending on subject studied - advice on acceptability can be provided, please contact Undergraduate Admissions for more information.
T-levels: Distinction, only in conjunction with A-level Maths, depending on subject studied -advice on acceptability can be provided.
Contextual Offers
We are committed to supporting students from underrepresented backgrounds to access the University of Essex, as outlined in our information for schools and colleges and our Access and Participation Plan.
That is why we may make contextual offers to applicants in the following categories:
Applicants from underrepresented groups
Applicants progressing from University of Essex Schools Membership schools/colleges
Applicants who attend a compulsory admissions interview
Applicants who attend an Offer Holder Day at our Colchester or Southend campus
Eligible applicants will be made a conditional offer up to two A-level grades, or equivalent, below our standard conditional offer. Contextual offers will be made to eligible applicants taking A-levels, a Level 3 BTEC Extended Diploma, a combination of qualifications that hold UCAS tariff points (e.g., A-levels alongside a BTEC) and the International Baccalaureate. Where possible, we may make contextual offers to eligible applicants holding other qualifications. For further information about what a contextual offer may look like for your specific qualification profile, please contact our Admissions team on ugquery@essex.ac.uk.
What else do I need to know about applying? We will use all of the information on your application form when making a decision about your suitability for the course you have applied for. Where possible we will look to suggest an alternative course if we cannot accept you for the course that you have applied for. Visit our undergraduate application information page for more details.
What if I don’t achieve the grades I hoped? If your final grades are not as high as you had hoped, the good news is you may still be able to secure a place with us on a course which includes a foundation year. Visit our undergraduate application information page for more details.
What if I have a non-traditional academic background? Don’t worry. To gain a deeper knowledge of your course suitability, we will look at your educational and employment history, together with your personal statement and reference.
You may be considered for entry into Year 1 of your chosen course. Alternatively, some UK and EU applicants may be considered for Essex Pathways, an additional year of study (known as a foundation year) helping students gain the necessary skills and knowledge in order to succeed on their chosen course. You can find a list of Essex Pathways courses and entry requirements here.
What if I am a mature student? We recognise that students come from all backgrounds and embrace the different experiences that mature learners bring to our community. Our mature students pages will help to answer your questions.
International & EU entry requirements
We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.
Sorry, the entry requirements for the country that you have selected are not available here. Please select
your country page
where you'll find this information.
English language requirements
English language requirements for applicants whose first language is not English: IELTS 6.0 overall, or specified score in another equivalent test that we accept.
Details of English language requirements, including UK Visas and Immigration minimum component scores, and the tests we accept for applicants who require a Student visa (excluding Nationals of Majority English Speaking Countries) can be found here
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 for the relevant countries.
Please note that date restrictions may apply to some English language qualifications.
If you are an international student requiring a Student visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.
What if my IELTS does not meet your requirements?
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.
Do I need to have achieved an acceptable English language qualification before I apply?
You don’t need to achieve the required level before making your application, but it will be one of the conditions of your offer.
What if the English language qualification I hold, or am taking, is not listed?
If you cannot find the qualification that you have achieved or are pending, then please contact Admissions on ugquery@essex.ac.uk
for advice.
What are the requirements for second and final year entry?
Different requirements apply for second and final year entry, and specified component grades are also required for applicants who require a visa to study in the UK. Details of English language requirements, including UK Visas and Immigration minimum component scores, and the tests we accept for applicants who require a Student visa (excluding Nationals of Majority English Speaking Countries) can be found here
Additional Notes
If you’re an international student, but do not meet the English language or academic requirements for direct admission to this degree, you could prepare and gain entry through a pathway course. Find out more about opportunities available to you at the University of Essex International College
Structure
Course structure
Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The following modules are based on the current course structure and may change in response to new curriculum developments and innovation.
We understand that deciding where and what to study is a very important decision for you. We’ll make all reasonable efforts to provide you with the courses, services and facilities as described on our website. However, if we need to make material changes, for example due to significant disruption, or in response to COVID-19, we’ll let our applicants and students know as soon as possible.
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.
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.
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.
You'll be introduced to a range of important concepts which are used in all areas of mathematics and statistics. This module is structured in such a way that during learning sessions you'll develop good practical understanding of these concepts via discussion and exercises, and have an opportunity to ask questions. Theory is introduced via recorded videos and the corresponding notes published on Moodle, and also via recommendations of textbooks. The contact hours are dedicated to interactive activities such as lab exercises and flipped lecture quizzes; also you will have some additional formative tests in Moodle.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 per year
International fee
£20,500 per year
Fees will increase for each academic year of study.
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.
Our UK students, and some of our EU and international students, who are still at school or college, can apply through their school. Your school will be able to check and then submit your completed application to UCAS. Our other international applicants (EU or worldwide) or independent applicants in the UK can also apply online through UCAS Apply.
The UCAS code for our University of Essex is ESSEX E70. The individual campus codes for our Loughton and Southend Campuses are 'L' and 'S' respectively.
You can find further information on how to apply, including information on transferring from another university, applying if you are not currently at a school or college, and applying for readmission on our How to apply and entry requirements page.
Offer Holder Days
If you are an undergraduate student residing in the UK who has received an offer to study with us in October 2024, you will receive an email invitation soon to book onto one of our Offer Holder Days. Our Colchester Campus Offer Holder Days run from February to May 2024 on various Wednesdays and Saturdays, and our Southend Campus Offer Holder Days run in April and May 2024 on various Wednesdays and Saturdays. Offer Holder Days provide the opportunity to meet your department, tour our campus and accommodation, and chat to current students. We appreciate that travelling to university events can be expensive, so we are offering an Offer Holder Day Travel Bursary, allowing you to claim up to £150 as reimbursement for travel expenses. For further information about Offer Holder Days, including terms and conditions and eligibility criteria for our Travel Bursary, please visit our Offer Holder Days webpage.
If you are an overseas offer-holder, you will be invited to attend one of our virtual events. However, you are more than welcome to join us at one of our in-person Offer Holder Days if you are able to - we will let you know in your invite email how you can do this.
Visit Colchester Campus
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.
If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tours allows you to explore our University from the comfort of your home. Check out our Colchester virtual tour and Southend virtual tour to see accommodation options, facilities and social spaces.
Exhibitions
Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.
At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.
The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the withdrawal/reduction of funding. Changes to courses may for example consist of 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. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications. The University would inform and engage with you if your course was to be discontinued, and would provide you with options, where appropriate, in line with our Compensation and Refund Policy.
The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and
Ordinances and in the University Regulations, Policy and Procedures.
