Undergraduate Course

BSc Economics

(Including Foundation Year)

Now In Clearing

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Overview

The details

Course: Economics (Including Foundation Year)

UCAS code: L103

Start date: October 2024

Study mode: Full-time

Duration: 4 years

Location: Colchester Campus

Based in: Essex Pathways

Our BSc Economics (including Foundation Year) could be suitable for you if your academic qualifications do not yet meet our entry requirements for a three-year version of our business and economics courses and you want a programme that improves your skills to support your academic performance.

Open to UK and EU applicants, this four-year course includes a Foundation Year (known as Year Zero) which is delivered by our Essex Pathways Department followed by a further three years of study in our Business and Economics Pathway which will cover topics such as the basics of business setup; and necessary mathematical and statistical skills. At the end of Year Zero all students who pass the Business and Economics Pathway will have a choice of which course to progress with. As well as BSc Economics students on the Business and Economics Pathway could also study BSc Accounting and Finance, or BSc Business Management.

From Year One of BSc Economics you gain a thorough introduction to all aspects of economics, including micro and macroeconomics, and qualitative and mathematical research methods. Our BSc Economics offers you a large degree of flexibility, giving you freedom to focus on a broad range of areas which inspire you. You'll study all the major mainstream fields, but we have particular strengths in these areas:

Game theory and strategic interactions
Theoretical and applied econometrics
Labour economics

We are 4th in UK for research power in economics and econometrics (Times Higher Education research power measure, Research Excellence Framework 2021).

Your education is inspired and informed by this pioneering research, so that you graduate with a strong training in economics.

Why we're great.

We're 7th in the UK and 1st for value-added for economics in the Guardian University Guide 2024
Top 25 in the UK for economics and econometrics in the QS World University Rankings by Subject 2024
Small class sizes allow you to work closely with your teachers and classmates

Our expert staff

Our Essex Pathways Department is a gateway to the University of Essex, helping students without standard entry requirements to grow in confidence, unlock their potential, and nurture their ambitions so they can progress in academic study.

Within our Department of Economics, you are taught by the most prominent economists. 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:

Extensive software for quantitative analysis is available in all computer labs across the university
Access a variety of economics databases and multiple copies of textbooks and e-books in the Albert Sloman Library

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
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.

Entry requirements

Clearing entry requirements

We currently have places available in Clearing across a range of our courses with most offers at BBC-CCD (112 – 88 UCAS tariff points) or equivalent. We consider each application individually and requirements may be lower for our courses with a foundation year, so please get in touch if your grades are below those outlined here.

English language requirements

English language requirements for applicants whose first language is not English: IELTS 5.5 overall with a minimum of 5.5 in each component, or specified score in another equivalent test that we accept.

Details of English language requirements, including 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 it will be included in the academic levels listed above for the relevant countries.

English language shelf-life

Most English language qualifications have a validity period of 5 years. The validity period of Pearson Test of English, TOEFL and CBSE or CISCE English is 2 years.

If you require a Student visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

Pre-sessional English courses

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.

Pending English language qualifications

You don’t need to achieve the required level before making your application, but it will be one of the conditions of your offer.

If you cannot find the qualification that you have achieved or are pending, then please email ugquery@essex.ac.uk.

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 and in line with your contract with us. However, if we need to make material changes, for example due to significant disruption, 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:

100

The department or school the module will be taught by.

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

The module number.

The UK academic level of the module.

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

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

A postgraduate research degree is a level 8 qualification.

The term the module will be taught in.

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

COMPONENT 01: CORE

Mathematics and Statistics for Economics and Business

(30 CREDITS)

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

COMPONENT 02: CORE

Research and Academic Development Skills

(30 CREDITS)

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

COMPONENT 03: CORE

Economic Foundations and Effective Management

(30 CREDITS)

View Economic Foundations and Effective Management on our Module Directory

COMPONENT 04: CORE

Business Essentials: Accounting, Finance and Marketing

(30 CREDITS)

View Business Essentials: Accounting, Finance and Marketing on our Module Directory

COMPONENT 01: CORE

Introduction to Economics

(30 CREDITS)

How do consumers make decisions? Or firms conduct different market strategies? What impact does government policy have on inflation? Or unemployment? Develop your knowledge of economics in relation to a range of contemporary issues. Learn how to apply both micro and macroeconomic principles to the analysis of such problems.

View Introduction to Economics on our Module Directory

COMPONENT 02: COMPULSORY WITH OPTIONS

(30 CREDITS)

COMPONENT 03: COMPULSORY WITH OPTIONS

(30 CREDITS)

COMPONENT 04: OPTIONAL

(30 CREDITS)

COMPONENT 05: COMPULSORY

Career Skills in Economics

(0 CREDITS)

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

View Career Skills in Economics on our Module Directory

COMPONENT 01: COMPULSORY

Macroeconomics (Intermediate)

(30 CREDITS)

What tools can you use for macroeconomic analysis? And how can these then be applied to macro-policy issues? Learn how to build alternative macroeconomic models and apply analytical reasoning. Examine real-life macroeconomic questions, on topics such as government budgets or wage-price flexibility, and critically evaluate macroeconomic policies.

View Macroeconomics (Intermediate) on our Module Directory

COMPONENT 02: COMPULSORY

Microeconomics (Intermediate)

(30 CREDITS)

How do consumers behave in a competitive market? And what about producers? How do various imperfections affect the outcome of decentralised markets? Study the fundamental concepts and methods in microeconomics. Understand the tools and methods of analysis for economic reasoning, and develop your critical approach to economic issues and policies.

View Microeconomics (Intermediate) on our Module Directory

COMPONENT 03: COMPULSORY

Mathematical Methods in Economics

(15 CREDITS)

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

COMPONENT 04: COMPULSORY

Introduction to Econometric Methods

(15 CREDITS)

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

View Introduction to Econometric Methods on our Module Directory

COMPONENT 05: OPTIONAL

(30 CREDITS)

COMPONENT 06: COMPULSORY

Career Skills in Economics

(0 CREDITS)

View Career Skills in Economics on our Module Directory

COMPONENT 01: COMPULSORY

Project: Economics

(30 CREDITS)

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

View Project: Economics on our Module Directory

COMPONENT 02: OPTIONAL

(60 CREDITS)

COMPONENT 03: OPTIONAL

(30 CREDITS)

COMPONENT 04: COMPULSORY

Career Skills in Economics

(0 CREDITS)

View Career Skills in Economics on our Module Directory

Teaching

From year 1 undergraduate students in the Department of Economics typically attend a two-hour lecture and a one-hour class for each module per week.
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/UK fee

£9,250 per year

International fee

£19,500 per year

Fees will increase for each academic year of study.

Home/UK fees and funding information

International fees and funding information

What's next

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.

2024 Open Days (Colchester Campus)

Saturday 17 August 2024 - Colchester Clearing Open Day

Saturday 21 September 2024 - September Open Day

Saturday 26 October 2024 - October Open Day

Find out more

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.

Find out more about Clearing
Get to know us better at our Clearing events

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following courses 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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Set within 200 acres of award-winning parkland - Wivenhoe Park and located two miles from the historic city centre of Colchester – England's oldest recorded development. 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.

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 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.