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School of Social Sciences

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BSc Economics
Develop specialist knowledge and skills in a range of economic principles.

BSc Economics

Year of entry: 2018

Overview

Degree awarded
BSc (Hons)
Duration
3 years
Typical A-level offer
AAB, including A in Mathematics.
Typical International Baccalaureate offer

35 points overall, 6,6,5 at Higher Level to include 6 in Mathematics.  

Applicants not holding GCSE English Language or equivalent must achieve grade 5 in standard or higher level English.

Full entry requirements

Number of places/applicants
In 2017 there were approximately 743 applications for 67 places for this degree.
How to apply
Apply through UCAS .

Course overview

  • Are you interested in economic principles, mathematical modelling and econometric techniques?
  • Do you want to develop analytical reasoning and quantitative techniques that will set you up for the world of work?
  • Are you keen to explore a range of different branches of economics before specialising?

Open days

  • Find out more and register for an Open Day

Post-offer visits

If you are made an offer we will email you an invitation to visit us late January, February or early March. These afternoons are organised by the School of Social Sciences and include a tour, a talk, refreshments and a chance to talk to students, lecturers and recruitment staff.

If you are visiting Manchester and would like to visit our admissions office please make an appointment in advance. (Call +44 (0)161 275 4470/1473 or email socialsciences@manchester.ac.uk )

Fees

Tuition fees for home/EU students commencing their studies in September 2018 will be announced once confirmed by the UK government. As a guide, the 2017 tuition fees were £9,250 per annum for home/EU students, and are expected to increase slightly for 2018 entry. Tuition fees for international students will be £20,000 per annum. For general information please see the undergraduate finance pages.

Scholarships/sponsorships

Scholarships and bursaries are available to eligible Home/EU students, including the Manchester Bursary . This bursary is in addition to the government package of maintenance grants.

Contact details

Academic department
School of Social Sciences
Telephone
+44 (0)161 275 1473
Facsimile
+44 (0)161 275 4751
Email
Website
http://www.socialsciences.manchester.ac.uk/subjects/economics/
Academic department overview

Compare this course

Entry requirements

A-level

  • AAB, including A in Mathematics.
  • We do not accept two A/S Levels grades in place of one A Level.
  • General Studies and Critical Thinking are not accepted for entry.

Unit grade information

The University of Manchester welcomes the provision of unit grade information which, like all other available information, will inform the consideration of applications.  Unit grades will not normally form part of offer conditions, except for Mathematics programmes.

GCSE

Minimum grade C in English Language and grade B in Mathematics. In the newly reformed GCSEs in England you will require a grade 5 in English Language and grade 6 in Mathematics.

International Baccalaureate

35 points overall, 6,6,5 at Higher Level to include 6 in Mathematics.  

Applicants not holding GCSE English Language or equivalent must achieve grade 5 in standard or higher level English.

Irish Leaving Certificate

H1, H1, H1, H2. In addition to this we require grade A in A-level mathematics.

Scottish requirements

AABB in Scottish Highers and Advanced Higher grade A in Mathematics.   Applicants not taking English Language or Mathematics at Higher level must achieve grade C in English Language and Grade B in mathematics at SCQF Level 5.

Welsh Baccalaureate

The Welsh Baccalaureate is accepted as equivalent to an A-level on a grade-for-grade basis., but will not be considered in place of A-level Mathematics.

European Baccalaureate

Applicants studying the European Baccalaureate are expected to achieve 80% overall and no lower than 7/10 in English, with a subject score no lower than 8.5 in Advanced Maths.

Other international entry requirements

Pearson BTEC qualifications

The School accepts Pearson BTEC qualifications for entry as long as it is in a relevant subject and taken alongside A-levels, to include A-level Mathematics at grade A.

National Extended Diploma - accepted with grades DMM, alongside A-level Mathematics at grade A.

National Diploma - accepted with grades MP, alongside two A-levels at grade A in different subject areas to the diploma, to include A-level Mathematics at grade A.

Foundation Diploma - accepted with grade M, alongside two A-levels at grade A in different subject areas to the diploma, to include A-level Mathematics at grade A.

Subsidiary Diploma - accepted with grade D, alongside two A-levels at grade A in different subject areas to the diploma, to include A-level Mathematics at grade A.

OCR Cambridge Technical qualifications

The School accepts OCR Cambridge Technicals (CTEC) Level 3 qualifications for entry as long as it is in a relevant subject and are offered along with A levels.

 Cambridge Technical Extended Diploma- accepted with grades DMM, alongside an A level at grade A in Mathematics.

Cambridge Technical Diploma - accepted with grades DM, alongside an A level at grade A in Mathematics.

Cambridge Technical Diploma - accepted with grades DM, alongside an A level at grade A in Mathematics.

National Extended Certificate - accepted with grades M, alongside two A levels at grades AA to include Mathematics.

Access to HE Diploma

  • Typical applicant - A mature student returning to education after a number of years.
  • Typical offer - Pass Access to HE Diploma with 45 level 3 credits (39 Distinctions/6 Merits).
  • Applicants must also have a grade A at A-level Maths.
  • Minimum grade C in GCSE English Language.

Contact: Tom McCunnie tom.mccunnie@manchester.ac.uk.

Cambridge Pre-U

We consider the Cambridge Pre-U| when offered alongside mathematics A level.  We require a Diploma in a relevant subject at grades DD and A level mathematics grade A.

Extended Project Qualification (EPQ)

The University recognises the benefits of the Extended Project Qualification (EPQ) and the opportunities it provides for applicants to develop independent study and research skills. Although the Extended Project will not be included in the conditions of your offer, we strongly encourage you to provide information about the EPQ in your personal statement and at interview. A number of our academic Schools may also choose to take your performance in the EPQ into account should places be available in August for applicants who narrowly miss the entry grades for their chosen course.

Home-schooled applicants

If you have followed a non-standard educational route (eg home educated) we will consider your application against the standard entry criteria for the course to which you apply.

You must also provide a reference which should be written by somebody who knows you well enough, in an official capacity, to write about you and your suitability for higher education.

English language

All applicants are expected to have a minimum of grade C in GCSE English Language or equivalent.

For international students equivalent qualifications would be:

  • IELTS of 6.5 overall with no lower than 6 in any component.
  • TOEFL (IBT) 92 overall with minimum of 21 in listening and speaking, 22 in reading and 23 in speaking.
  • iGCSE English (First Language) grade C
  • iGCSE English (Second Language) grade B

If you have other English language qualifications and want to enquire about whether you meet our English language requirements then please contact  socialsciences@manchester.ac.uk

English language test validity

Some English Language test results are only valid for two years. Your English Language test report must be valid on the start date of the course.

Application and selection

How to apply

Apply through UCAS .

Advice to applicants

Potential candidates are expected to demonstrate why they have chosen this particular degree in their personal statement and express why the course interests them.

Applicants submitting mitigating circumstances

If you are submitting information about mitigating circumstances that have affected, or are likely to affect, your academic performance, you should include this in the referee's report.

We cannot usually take into account information that is supplied after an adverse decision has been made on an application by the admitting school.

(Examples of mitigating circumstances include family illness, problems with school facilities or an unusual curriculum followed by your school of college.)

How your application is considered

Applications are considered on the basis of an assessment of past and predicted academic achievements, the academic reference and personal statement.

Interview requirements

We do not interview.

Returning to education

We welcome applications from anyone who is returning to education.

Contact: Tom McCunnie tom.mccunnie@manchester.ac.uk

Overseas (non-UK) applicants

Applicants classed as international students who are studying Foundation Year Programmes, will be considered on the basis they have completed their High School education in full. Please see our list of approved UK foundation programmes and entry requirements  for more information. We also accept a number of qualifications from around the globe. For further information please see our country-specific information pages. If you still need help please email us  socialsciences@manchester.ac.uk .

Deferrals

Applications for deferred entry are considered equally to other applications up to the point of confirmation. Deferred entry is granted on the discretion of admissions staff, and is normally granted for one year only.

NB Some English Language test results, such as IELTS of TOEFL, are only valid from two years from the test date.

Policy for applicants who resit their qualifications

We consider applicants who are resitting.

Contact: socialsciences@manchester.ac.uk

Re-applications

If you applied in the previous year and your application was not successful you can apply again. Your application will be considered against the standard course entry criteria for that year of entry.

In your new application you should demonstrate how your application has improved. We may refer back to previous applications or registrations at the University.

If you are applying for a place for the same year of entry through UCAS Extra, you should include additional evidence of your suitability for the course.

If you are applying through clearing you will need to meet the clearing requirements. In both UCAS Extra and clearing places will be subject to availability.

Course details

Course description

  • Are you interested in economic principles, mathematical modelling and econometric techniques?
  • Do you want to develop analytical reasoning and quantitative techniques that will set you up for the world of work?
  • Are you keen to explore a range of different branches of economics before specialising?

BSc Economics is our single honours course for economics specialists . It is a quantitative economics course, and as such you will need to have a strong mathematical background. You should be intending to advance your knowledge in order to become a skilled economist, proceed to postgraduate training in the best universities, or start a career in a renowned organisation, in either the private or public sector.

Modern professional economists need to have a clear understanding of economic principles in order to recognise and model relevant economic problems, and they need to be equipped with mathematical and econometric tools in order to solve and analyse such problems. The BSc Economics degree provides you with the required training by having at its core a compulsory stream of units in economic principles , mathematical modelling and econometric techniques .

In the first two years of your degree you will have compulsory units in core economics and quantitative methods (Mathematical Economics, Statistics and Econometrics). These core units will provide and excellent basis for any job as a professional economist.

Throughout your degree you can choose from a range of optional course units. These units, in particular in your third year, offer the opportunity for further specialisation in an area of particular interest to you. We offer optional course units in a wide range of economic sub-disciplines reflecting the research strengths of the department. Students often choose to focus their optional choices along certain specialisations; for example:

  • Econometrics & Mathematical Economics. Students that are aiming to continue with postgraduate studies will often choose this pathway as the econometrics course units will often feature prominently in these programmes and the mathematical economics course units will deliver excellent preparation for the formal elements of their further education.
  • Financial Economics. A popular option if you are looking to work in the City, have a particular interest in financial or monetary issues, or are interested in postgraduate training and research in Economics and Finance.

In this way, your focus can be linked to the kind of career you wish to pursue after graduation.

Irrespective of the particular area you are focusing on, employers look for candidates who can produce sound and clear reports that make sense of the available data using advanced quantitative skills in analysis and modelling . The analytical reasoning, essay writing and quantitative techniques provided in the BSc degree give our graduates the very best employment prospects and a healthy start in their post-Manchester career. These skills can be further developed and sharpened by choosing an optional dissertation in your third year.

Special features

A Chair in Political Economy was founded at the University in 1854, making it one of the oldest centres for the study of economics in the UK. Since then many famous names in economics have worked here, including three Nobel prize-winners.

In REF 2014 (Economics & Econometrics) Manchester Economics was ranked 7th out of 28 Economics departments in terms of research power (Grade Point Average multiplied by FTE). Overall, 75% of our activity was rated as world-leading or internationally excellent (achieving a 4* or 3*). This includes:

  • 64.9% of outputs rated 4*/3*
  • 90% of impact rated 4*/3*
  • 100% of environment rated 4*/3*

Our students

Economics (BSc) students in figures (2014):

  • Students on the course came from 18 countries
  • Their ages ranged from 17 - 24
  • The male / female ratio was 79 : 21

Meet our students

Teaching and learning

Most course units feature formal lectures supported by smaller tutorials or seminars, in which you will be able to explore the contents of lectures and recommended reading in greater depth.

Tutorials and seminars are also key elements in improving your written and oral communication skills through group discussions, essay-writing and presentations.

Students are assigned an Academic Advisor, an academic member of staff who takes a friendly interest in your progress and can advise you on selecting course units and career opportunities.

Coursework and assessment

For the most part, we   will assess your work at exam time. However course work is also assessed in many units. The general format of assessment will vary depending on which units you choose.

Course content for year 1

In your first year you will study 120 credits overall. Half of these will be compulsory and the rest allowing you to pursue your own academic interests.

Compulsory units (60 credits)

  • 20 credits of Micro and Macroeconomics
  • 20 credits of Advanced Mathematics and Statistics
  • 20 credits of BSc exclusive courses: Applied Economics and Studying Economics

 Optional units (60 credits)

You will be able choose from a variety of other courses from across a range of disciplines including Accounting and Finance, Management, Law, Maths, History, Languages and other Social Sciences.

Course units for year 1

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Studying Economics ECON10011 10 Mandatory
Advanced Mathematics ECON10071 10 Mandatory
Advanced Statistics ECON10072 10 Mandatory
Applied Economics ECON10162 10 Mandatory
Microeconomic Analysis 1 ECON10171 10 Mandatory
Microeconomic Analysis 2 ECON10172 10 Mandatory
Macroeconomic Analysis 1 ECON10181 10 Mandatory
Macroeconomic Analysis 2 ECON10182 10 Mandatory
Financial Decision Making BMAN10522 10 Optional
Fundamentals of Financial Reporting A BMAN10621A 10 Optional
Fundamentals of Management Accounting BMAN10632 10 Optional
An Introduction to Development Studies ECON10002 10 Optional
Computing for Social Scientists ECON10151 10 Optional
Geographies of Globalisation GEOG10101 10 Optional
River Catchment Science & Management GEOG10712 10 Optional
Capitalism in Historical Perspective: 1700-1913 HIST10182 20 Optional
Foundations of Pure Mathematics B MATH10111 15 Optional
Calculus and Vectors B MATH10131 15 Optional
Linear Algebra B MATH10212 15 Optional
Critical Thinking PHIL10041 20 Optional
Philosophy & Social Science PHIL10641 20 Optional
Introduction to Comparative Politics POLI10201 20 Optional
Introduction to Comparative Politics POLI10202 20 Optional
Introduction to International Politics POLI10601 20 Optional
Introduction to Political Theory POLI10702 20 Optional
Work, Organisations and Society SOCY10912 20 Optional
Unequal Societies - Health, Wellbeing & Happiness SOST10021 20 Optional
Applied Statistics for Social Scientists SOST10142 20 Optional
Displaying 10 of 28 course units for year 1

Course content for year 2

In your second year you begin to study your chosen pathway in much greater depth and take 120 credits over the year.

Compulsory units (80 credits)

  • 20 credits of Microeconomics
  • 20 credits of Macroeconomics
  • 20 credits of Mathematical Economics
  • 20 credits of Econometrics

Optional units (40 credits)

The optional courses include: Managerial Economics, Operational Research, Economics of Environmental Management, Development Economics, Business Economics, Climate Change Economics or Applied Environmental Economics.

If you chose Finance courses in your first year you could study courses in Foundations of Finance and Investment Analysis.

Free choice units

In your second year you can also take 20 units from across the University.

Course units for year 2

The course unit details given below are subject to change, and are the latest example of the curriculum available on this course of study.

TitleCodeCredit ratingMandatory/optional
Econometrics ECON20110 20 Mandatory
Mathematical Economics I ECON20120 20 Mandatory
Microeconomic Analysis 3 ECON20501 10 Mandatory
Microeconomic Analysis 4 ECON20512 10 Mandatory
Macroeconomic Analysis 3 ECON20521 10 Mandatory
Macroeconomic Analysis 4 ECON20532 10 Mandatory
Investment Analysis BMAN20072 10 Optional
Financial Markets and Institutions BMAN21011 10 Optional
Foundations of Finance A BMAN23000 20 Optional
Foundations of Finance A BMAN23000A 20 Optional
Understanding Financial Crises: Competing Perspectives BMAN24091 20 Optional
Managerial Economics I ECON20000 20 Optional
Environmental Economics IIA ECON20101 10 Optional
Economic History ECON20212 10 Optional
Development Economics IIA ECON20321 10 Optional
Development Economics IIB ECON20332 10 Optional
Business Economics 1A ECON20341 10 Optional
Business Economics IB ECON20342 10 Optional
Economics for Public Policy ECON20431 10 Optional
Economic Geography: Understanding the economy. creating economic spaces GEOG20101 20 Optional
Economic Geography: Understanding the economy. creating economic spaces GEOG20102 20 Optional
Market Research SOST20041 10 Optional
An Introduction to Law for Non-Lawyers UCIL10052 10 Optional
Displaying 10 of 23 course units for year 2

Course content for year 3

In your final year you would take the core skills that you developed in your first two years and apply these further.

Core course units in Economics and Quantitative Methods (60 credits)

  • 20 credits of Macroeconomics
  • 20 credits of Microeconomics
  • 20 credits of Quantitative Methods courses (so at least 2 courses units) including:

Cross Section Econometrics, Time Series Econometrics, Business Forecasting, Mathematical Economics (20 credits course), Mathematical Finance, Financial Economics and Financial Econometrics.

Optional courses (60 credits)

Optional economics courses including: Advanced Macroeconomics, The Macroeconomics of Labour Markets, The Chinese Economy, Natural Resource Economics, Development Economics, International Monetary Economics, Labour Economics, Business Economics, Money, Banking and Financial Markets, Economic Policy Analysis, Applied Industrial Organisation, Climate Change Economics

Optional finance courses including: International Finance, Financial Derivatives, Advanced Corporate Finance, Corporate Contracting & Managerial Behaviour, Behavioural Finance and Financial Engineering

What our students say

`With (only) about 80 peers in my year group, we are a tight knit community. There is always someone to turn to for help with revision or to sit with in lectures.'

Emily Crowson , Economics student.

`Even though I have committed myself to studying Economics, it is really helpful to be exposed to other fields of study as they help me to keep my options open. It is hard to believe that anyone would not enjoy it at Manchester.'

Hariz Nazimuddin , Economics student.

Facilities

Disability support

Practical support and advice for current students and applicants is available from the Disability Advisory and Support Service. Email: dass@manchester.ac.uk

Careers

Career opportunities

Graduates from the Economics pathway are highly sought by employers. BA (Econ) graduates have gone on to the following careers.

  • Accountancy and professional services - Ernst and Young, KPMG, Deloitte, PricewaterhouseCoopers - as well as other graduate level employers such as Grant Thornton and BDO.
  • Finance and banking - Barclays, Citigroup, Fidelity, JPMorgan Chase, Lloyds TSB, Royal Bank of Scotland, Santander, HSBC.
  • Government - Department of Energy and Climate Change, Department of Health, Government Civil Service, the Government Statistical Service and the NHS.
  • Plus - DHL, Gazprom and IBM.

In recent years a large proportion of the BSc graduates have gone on to do a master's or a PhD both and Manchester and elsewhere, including Cambridge, King's College, Bristol, Morris Peter William College, Warwick and LSE.

Throughout your studies and after you graduate you will have to access our  Careers Service , which can help you:

  • find summer internships or work experience;
  • apply for jobs and provide practice interviews;
  • access online and interactive services such as practice psychometric tests.

A favourite with employers, the University also organises careers fairs and events throughout the year to give you a chance to meet graduate recruiters.

You can improve your employability by choosing course units in Year 2 from:

Employability

  • 90% of our recent graduates are in work or further study six months after they graduate
  • 80% of those working are in professional or managerial roles (Source: Unistats)
  • Manchester is the most targeted university by leading graduate employers (Source: High Fliers Report 2015)

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