2020 applicants
Undergraduate Course

BSc Financial Economics

(Including Foundation Year)

Now In Clearing
BSc Financial Economics

Overview

The details
Financial Economics (Including Foundation Year)
L117
October 2020
Full-time
4 years
Colchester Campus
Essex Pathways

Our BSc Financial Economics (including foundation year) is open to Home and EU students. It will be suitable for you if your academic qualifications do not yet meet our entrance requirements for the three-year version of this course and you want a programme that increases your subject knowledge as well as improves your English language and academic skills.

This four-year course includes a foundation year (Year Zero), followed by a further three years of study. During your Year Zero, you study four academic subjects relevant to your chosen course as well as a compulsory English language and academic skills module.

You are an Essex student from day one, a member of our global community based at the most internationally diverse campus university in the UK.

After successful completion of Year Zero in our Essex Pathways Department, you progress to complete your course with our Department of Economics. Our course is built on the core principles of economics, which are applied to your study of financial institutions (such as banks), financial markets (such as the stock exchange), and financial instruments. You receive a thorough introduction to all aspects of economics and mathematics, as well as training in quantitative research methods.

You study the mathematical and statistical analysis of economic problems, and how the financial system functions, choosing from a range of topics on financial economics including:

  • Fundamentals of accounting
  • Business strategy and competition
  • Capital markets
  • Financial innovations and new forms of transaction media
  • Bonds and contracts

We are rated consistently highly for student satisfaction and are top 5 in the UK for research, with over 90% of our research rated as “world-leading” or “internationally excellent” (REF 2014).

Your education is inspired and informed by this pioneering research, so that you graduate with one of the best undergraduate trainings available in economics.

Why we're great.
  • We equip you with the necessary knowledge and skills to succeed at Essex and beyond.
  • Our international students benefit from a single visa for all four years of study.
  • Small class sizes allow you to work closely with your teachers and classmates.
THE Awards 2018 - Winner University of the Year

Our expert staff

Our staff all have strong subject backgrounds, and are highly skilled in their areas both as academics and practitioners.

Within our Department of Economics, you are taught by the most prominent economists of our time. Our researchers are at the forefront of their field and have even received MBEs, with students coming from across the globe to study, research or work with us. Our Department of Economics is a richly diverse home to staff and students from all over the world who have a strong sense of belonging and want to think, learn and change the world together.

Many of our researchers 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

By studying within our Essex Pathways Department for your foundation year, you will have access to all of the facilities that the University of Essex has to offer, as well as those provided by our department to support you:

  • We provide computer labs for internet research; classrooms with access to PowerPoint facilities for student presentations; AV facilities for teaching and access to web-based learning materials
  • Our new Student Services Hub will support you and provide information for all your needs as a student
  • Our social space is stocked with hot magazines and newspapers, and provides an informal setting to meet with your lecturers, tutors and friends

Our Department of Economics also offers excellent on-campus facilities:

Your future

Many employers want economists with critical thinking skills who can tackle large data sets and practical problems. Our course helps you to become more employable and to secure that dream job or postgraduate course when you graduate.

Our students are in demand from a wide range of employers in a host of occupations, including financial analysis, management, public administration and accountancy.

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

  • Bank of England
  • Deloitte
  • Ernst and Young
  • Morgan Stanley
  • Bank of New York
  • RBB Economic Consulting
  • Government Economic Service

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

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 2020 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 5.5 overall. 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 required. 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.

Additional Notes

Our Year 0 courses are only open to UK and EU applicants. If you’re an international student, but do not meet the English language or academic requirements for direct admission to your chosen 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

Example structure

We offer a flexible course structure with a mixture of compulsory and optional modules chosen from lists. Below is just one example structure from the current academic year of a combination of modules you could take. Your course structure could differ based on the modules you choose.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore all modules listed are subject to change. To view the compulsory modules and full list of optional modules currently on offer, please view the programme specification via the link below.

Introduction to Management and Marketing

What are the key concepts in business management today? Explore core elements within the field of business management, covering topics in banking, finance, management and accounting. Apply theoretical concepts to key organisations, companies and institutions. Develop your analytical skills and practical knowledge of this dynamic sector.

View Introduction to Management and Marketing on our Module Directory

Introduction to Economics

What is economics? And what are the main economic theories and principles? Build your understanding, studying topics in microeconomics and macroeconomics. Develop your knowledge of economic implications and build your analytic skills in using simple mathematical techniques and economic diagrams.

View Introduction to Economics on our Module Directory

Mathematics and Statistics for Economics and Business

Want to use mathematical techniques to solve problems? And to calculate basic statistical measures? Develop mathematical skills like number work, algebra, geometry, probability and statistics that can be used on any course requiring mathematics above Higher GCSE standard. Learn to solve relevant problems and know how to present data clearly.

View Mathematics and Statistics for Economics and Business on our Module Directory

Research and Academic Development Skills

Academic Skills covers the key areas that you will experience during your degree, preparing you for aspects of academic study at undergraduate level. The module enables you to develop and enhance your existing abilities by focusing on the core skills of reading, writing, listening and speaking in an academic context. It does this with both generic texts and also, crucially, those related to your subject area. Academic Skills provides strategies for successful communication and interaction through independent and collaborative learning offering opportunity to further enhance your research skills. The content is designed to ensure that you acquire a range of transferable employability and life skills.

View Research and Academic Development Skills on our Module Directory

Introduction to Economics

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

Introduction to Quantitative Economics (optional)

What are the main sources of economic data? And how is data used in economics? Study the methods of quantitative economics, looking at how economic data is described and analysed. Learn to read, understand and manipulate data from both a theoretical and empirical perspective.

View Introduction to Quantitative Economics (optional) on our Module Directory

Methods of Economic Analysis (optional)

What mathematical techniques are required for a modern economics degree? Do you have the mathematical tools to attack economic problems? If you are worried that your mathematical background could hold you back, then learn the mathematical skills needed when studying problems of economic interest.

View Methods of Economic Analysis (optional) on our Module Directory

Applied Economics and Policy (optional)

How do economists interpret data? How can we test relationships suggested by economic theory? How do we use economic theories to analyse real world issues? This module helps you to understand simple and commonly used statistical and econometric techniques, and important software for applied economics. You learn how data can be used to analyse real world economic problems.

View Applied Economics and Policy (optional) on our Module Directory

Macroeconomics (Intermediate)

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

Microeconomics (Intermediate)

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

Financial Instruments and Capital Markets

How are financial markets organised? And what role do they play in the economy? Examine the main elements in modern finance. Study the activities of financial institutions and the main financial markets. Understand the theory and practice of financial regulation, looking at recent regulatory reforms.

View Financial Instruments and Capital Markets on our Module Directory

Mathematical Methods in Economics

What mathematical methods can analyse economic problems? And what mathematical tools are needed to understand economic models? Gain an introduction to the mathematical methods commonly used in economics, build your knowledge of mathematical tools for work in economics and develop your understanding of the mathematical language used in economic literature.

View Mathematical Methods in Economics on our Module Directory

Introduction to Econometric Methods

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

International Money and Finance

How do foreign exchange markets determine trade? Understand the economic role that international currency markets play. Study models to interpret exchange rate movements and how this links to key macroeconomic variables. Analyse real-life policies that respond to events in the international monetary system.

View International Money and Finance on our Module Directory

Economic Analysis of Asset Prices

How do economic theories determine asset prices? Can you apply analytical reasoning to asset pricing problems? Understand capital markets and explore the predictability of asset price changes. Learn to build simple models of asset markets and how to interpret the mathematics of such models in economic terms.

View Economic Analysis of Asset Prices on our Module Directory

Economics of Financial Markets and Intermediation

How do you apply economic reasoning to the markets for bonds, futures contracts and financial options? Study the distinctive characteristics of bonds as financial assets. Gain an understanding of derivatives markets, focusing on futures and options. Explore theories of financial intermediation and learn to evaluate models of price determination.

View Economics of Financial Markets and Intermediation on our Module Directory

Project: Economics

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

Management of New Technology (optional)

What economic issues do computing firms face today? What about the pharmaceutical industry? Or telecommunication organisations? How does new technological knowledge allow these firms to keep a competitive edge? Using real-life case studies, learn how economics model-building methodology helps with the challenges of managing new technology in the modern world.

View Management of New Technology (optional) on our Module Directory

Strategies of Economic Development (optional)

This module examines the distinctive features of less developed economies and introduces you to the literature that attempts to explain the persistence of poverty in those economies. We start with a historical analysis of the growth process to examine why there has been a divergence in the performances between the developed and the developing countries. The module will then elaborate on the role of institutions and incentives in shaping long run economic development. In particular, we shall examine the role of market imperfections, non-market institutions (such as social norms) and governance institutions.

View Strategies of Economic Development (optional) on our Module Directory

Economics of the European Union (optional)

What are the important policy problems facing the European Union today? Issues like trade, unemployment, monetary policy? And how can you apply economic theory to these concerns? Gain an insight into the complex and fascinating process of economic integration within the European Union.

View Economics of the European Union (optional) on our Module Directory

Teaching

  • Your teaching mainly takes the form of lectures and classes, the latter involving about 20 students
  • Any language classes involve language laboratory sessions
  • Our classes are run in small groups, so you receive a lot of individual attention
  • Teaching is arranged to allow freedom in how you organise your learning experiences
  • Optional support classes in Economics

Assessment

  • Your assessed coursework will generally consist of essays, reports, in-class tests, individual or group oral presentations, and small scale research projects

Fees and funding

Home/EU fee

£9,250

International fee

£16,050

Fees will increase for each academic year of study.

Home and EU fee information

International fee 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.

2020 Open Days (Colchester Campus)

  • Saturday, September 19, 2020
  • Saturday, October 24, 2020

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
Colchester Campus

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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.

 

Virtual tours

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.


Find out more

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 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.

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