2020 applicants
Undergraduate Course

BSc Economics with Psychology

Now In Clearing
BSc Economics with Psychology

Overview

The details
Economics with Psychology
C148
October 2020
Full-time
3 years
Colchester Campus
Economics

Explore the driving forces behind human behaviour. Discover how human psychology can guide people to make economic decisions. How do people get in debt? Why do people choose to get a mortgage rather than rent? Why did the economic crisis affect the UK more than the US? Economics at Essex explores how economics relates to the real world and asks the difficult questions.

On BSc Economics with Psychology you develop key mathematical skills and explore how you can use data to interpret the global economy, economic drivers behind human behaviour and the human mind. Through combining economics with psychology you gain a deepened knowledge as to why individuals are not always behaving in their own best interests. Understanding this and the frameworks of behavioural economics can help policymakers create environments that nudge people towards making wiser decisions and healthier lives.

Studying this course you will explore a wide variety of topics across economics and also have the opportunity to include some modules of psychology. Topics include:

  • Macroeconomics
  • Behavioural economics
  • Mathematical methods in economics
  • Personality and individual differences
  • Social psychology

Your education is inspired and informed by leading economics research, so that you graduate with a strong training in economics. Our Department of Economics are ranked top 5 in the UK for research (REF 2014).

Our Department of Psychology provide one of the most immersive experiences of studying the human mind in the UK. You have the opportunity to work alongside researchers with our Research Experience Scheme (RES) and gain hands on experience in our dedicated psychology labs.

Why we're great.
  • You’re taught by world-leading academics who are experts in their field
  • We give you diverse employment potential and the chance to meet future employers.
  • Our Department of Psychology have exceptional specialist labs and research facilities for you to gain hands on experience
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.

For students who commence their course in 2020, if you spend a full year abroad you’ll pay no tuition fees to Essex for that year. You won't pay any tuition fees to your host university either..

Placement year

You can also undertake a placement year in which you gain relevant work experience with a business, giving you a competitive edge in the graduate job market and providing you with key contacts within the industry. You will be responsible for finding your placement, but with support and guidance provided by both your department and our Employability and Careers Centre.

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

Our expert staff

Our economics staff are at the forefront of their field and have even received MBEs. Our department 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.

Our psychology lecturers include award-winning teachers and prize-winning researchers who are international experts in their own research areas. We have specialists within our three main research groups: the Cognitive and Developmental Psychology Group; the Social and Health Psychology Group; and the Cognitive and Sensory Neuroscience Group.

Specialist facilities

  • Extensive software for quantitative analysis, available in all computer labs across the university
  • Access to a variety of economics databases and multiple copies of textbooks and e-books in the Albert Sloman Library
  • Dedicated laboratories including a virtual reality suite and an observation suite
  • Specialist areas to study visual and auditory perception, developmental psychology and social psychology
  • Study the development of perceptual and cognitive abilities in infants in our Babylab
  • Our multimillion pound Centre for Brain Science (CBS) allows staff to investigate brain activity, and to measure eye movements and other physiological responses

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 takes you closer to 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
  • Barclays Capital
  • Accenture
  • Deloitte
  • Ernst and Young
  • The Crown Prosecution Service
  • 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.

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 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.

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 here.

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 as 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 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

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 on our Module Directory

Methods of Economic Analysis

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 on our Module Directory

Discovering Psychology: The Science Behind Human Behaviour

From this module you will gain an introduction to some of the various sub-fields that comprise psychology. It will include lectures on topics such as sensation, perception, learning, memory, abnormal psychology, child development, language, personality and social psychology.

View Discovering Psychology: The Science Behind Human Behaviour 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

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

Seeing and Hearing

This module will introduce you to cognitive psychology and covers major areas such as visual and auditory perception, and visual cognition. Through a series of laboratory sessions you will study the methods, theory and data underpinning our understanding of the processes involved in visual and auditory perception, and visual cognition.

View Seeing and Hearing on our Module Directory

Memory Attention and Language

Building on your knowledge from Cognitive Psychology 1, this module covers the major areas of cognitive psychology such as language, memory, and attention. You will develop your understanding of the psychological theories and data related to major areas of cognitive psychology.

View Memory Attention and Language 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

Microeconomics (Advanced) (optional)

Gain a rich background in the concepts and techniques of game theory, its uses, limitations and issues. The course is also applied, focussing on several important cases of strategic interaction, including auctions, interactions between rival firms, moral hazard and adverse selection, and the theory of the firm. Upon completion of the course, you will be able to evaluate the impact the strategic considerations in the analysis of interactions among decision-makers, and you will have learned how to apply game theory to issues in microeconomics.

View Microeconomics (Advanced) (optional) on our Module Directory

Macroeconomics (Advanced) (optional)

This module develops the material started in Intermediate Macroeconomics and aims to give students an understanding of the main types of economic data; how those data are collected, constructed and used and Key ideas in the module will be illustrated with reference to recent events and current policy debates. Upon successful completion of this module, you will be able to approach macroeconomic data critically, and to evaluate the strength of empirical evidence for macroeconomic theories and macroeconomic policy positions.

View Macroeconomics (Advanced) (optional) on our Module Directory

Mathematical Economics (optional)

Expand on the mathematical techniques you developed in Mathematical Methods in Economics. You’ll learn how to use additional mathematical tools, which will enable you to analyse a larger, richer, and more interesting set of economic models. The main focus of the course is on methods for studying dynamic economic problems. Rather than concentrating exclusively on mathematical techniques, intuition for how and why these techniques work will be developed through application to specific economic problems.

View Mathematical Economics (optional) on our Module Directory

The Economic Geography of Employment, Innovation and Trade (optional)

What shapes international trade? And what determines trade policy? Study theories and empirical evidence of international trade, and examine recent research on trade patterns and strategic trade policies. Understand discussions of international trade in the business press and express your own opinion on such issues.

View The Economic Geography of Employment, Innovation and Trade (optional) on our Module Directory

Placement

On a placement year you gain relevant work experience within an external business or organisation, giving you a competitive edge in the graduate job market and providing you with key contacts within the industry. The rest of your course remains identical to the three-year degree.

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

Assessment

  • You are assessed each year through a mixture of coursework and end-of-year examinations
  • The balance 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/EU fee

£9,250

International fee

£16,860

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.

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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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.

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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.

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