Mathematical Economics and Statistics BSc

By tightly integrating the study of economics and statistics, our BSc Mathematical Economics and Statistics programme meets the increasing demand from industry, the professions and public bodies for informed and talented graduates who can apply skill and imagination to real world problems. 

As a graduate you will emerge with an excellent, professional training in economics allied with advanced technical and quantitative skills that you can readily apply to a host of social science concepts and problems. This programme emphasises developments in modern economic and social theory and takes account of the growth of mathematical and statistical tools in the analysis of economic and social problems.


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Sohaib Ahmad

Mathematical Economics and Statistics BSc

“'I chose the BSc Mathematical Economics and Statistics programme because I wanted to study on a programme that could be practically and realistically applied in the real world. I’m very happy I chose this programme because it was perfect for that.'”


This programme emphasises developments in modern economic and social theory and takes account of the growth of mathematical and statistical tools in the analysis of economic and social problems. Many economic concepts are quantifiable. So it’s natural to construct models in terms of well-defined relationships between such variables, and to analyse the properties of these models by mathematical and statistical methods. Such analysis can throw much light on the realism of a model, but the adequacy of a model in describing phenomena can be tested more precisely by the explicit statistical measurement (with observed data) of the relationships implied by the model.

Student studying

Your programme of study

An important feature of this programme is the rigorous grounding in mathematics and statistics in your first year, along with a good foundation in economics. There are also modules in study skills to equip you for university-level work, and practical information technology courses to enable you to use our excellent computer-based facilities.

You build on your first year with compulsory modules in Economics and Quantitative Methods. You are also introduced to econometrics – applying statistics to test and evaluate economic theories and policies. You pursue your own developing tastes and preferences by choosing an optional module from a list that includes Economic Development and Environmental Economics.

In your third year you take a core course in advanced econometrics along with specialised areas of applied economics. Most of this third year, however, is taken up with optional modules, in which you can branch out into a totally new area of study or develop your second-year options in greater depth. In this year you also write an extended essay resulting from individual research.


Exclusive to Birmingham - the Capgemini Challenge

Global consultancy firm Capgemini works exclusively with Birmingham Business School every year to create and deliver a second-to-none consultancy training experience that you won’t find at any other UK university. Our undergraduates have the opportunity to apply to take part in the unique Capgemini Community Challenge in their first or second year. This takes place over one week at Capgemini’s world-renowned client-solutions facilities, with students carrying out tangible solutions-based consultancy projects for actual third-sector clients. Participation will enhance your CV, professional development and work experience. It’s also an amazing opportunity to make a real difference to the charitable organisation you’re assigned to help.

Learn more about the challenge here

Why study this course

Our BSc Economics course at Birmingham has an excellent reputation for producing graduates that are much in demand, giving you an immediate competitive edge in the jobs market. As well as first-class theory and practical teaching from experts in their field, from day one we will give you all the support and guidance you need to prepare for your career. This includes providing you with lots of  opportunities to develop skills employers value, both within your degree programme and outside.

  • Taught by leading economists and with an impressive faculty alumni - we're renowned for producing high-calibre graduates
  • Applying for an internship, with university-funded bursaries to help with costs
  • Joining our Personal Skills Award (PSA) scheme, which credits the work you do on voluntary activities outside your degree or through extra modules you can take over two years 
  • Becoming ‘enterprising’ and taking advantage of mentoring and support from ots of ‘entrepreneurship and innovation’ activities on campus
  • Getting involved in our Alumni Mentoring scheme and learning from the best of the best 

Modules

Please note the modules listed below are for the 2019/20 academic year. 
You can view all modules for the 2018/19 academic year here.

First year


Core modules

  • Principles of Economics
  • Mathematics for Economics
  • Applied Economics and Statistics
  • The Global Economy
  • Contemporary Economic Challenges
  • Widening Horizons Module

Second year


Core modules

  • Econometrics
  • Macroeconomics
  • Microeconomics
  • Mathematical Methods for Economics
  • Mathematical Methods for Statistics and Econometrics

Optional modules

Choose one module from the following list:

  • Behavioural and Experimental Economics
  • Financial Markets and Institutions
  • Development Economics
  • Environmental Economics
  • China and the World Economy
  • Contemporary Issues in the UK Economy

Final year


Core modules

  • Extended Essay
  • Advanced Econometrics: Theory and Applications
  • Decision Theory and Games

You must take one or both of the following:

  • Advanced Microeconomics
  • Advanced Macroeconomics

Optional modules

If taking one of the above, you must choose two modules from the list below. If taking both, then one module must be taken from the list below:

  • Advanced Behavioural and Experimental Economics
  • Advanced Financial Markets and Institutions
  • Labour Economics
  • Industrial Organisation
  • History of Economic Thought
  • International Trade Theory and Policy
  • Monetary Policy and Dynamic Macroeconomics
  • Public Economics
  • Health Economics
  • Economics of the European Union
  • The Political Economy of Russia
  • Professional Development

Please note: The modules listed on the website for this programme are regularly reviewed to ensure they are up-to-date and informed by the latest research and teaching methods. Unless indicated otherwise, the modules listed for this programme are for students starting in 2018. On rare occasions, we may need to make unexpected changes to compulsory modules; in this event we will contact offer holders as soon as possible to inform or consult them as appropriate.

Fees and funding

Home/EU students

Undergraduate Home/EU student fees 2018-19
Fee Band Full-time
Undergraduate £9,250

Overseas students entering in 2018-19

Overseas students entering in 2018-19
Fee Band (Undergraduate) Full-time
Band 2 £15,720

Visit our tuition fees page for more information.

Scholarships

At Birmingham we ensure that fears about finance do not constrain prospective students from considering university and that excellence is rewarded.

The University offers a range of additional financial support for students studying at Birmingham in the form of bursaries, grants and scholarships.

Learn more about our scholarships and awards. 

Entry requirements

Number of A levels required:
3
Typical offer:
AAA
Required subjects and grades:
A level Mathematics grade A
General Studies:
not accepted

 

Additional information:

BTEC Extended Diploma, Diploma and Subsidiary Diploma are all considered on a case by case basis providing that A level Mathematics is being offered - contact us for further guidance.

International students:

International Baccalaureate Diploma: 6,6,6 at Higher Level with a minimum of 32 points overall.

Standard English language requirements apply.

Learn more about international entry requirements.

Depending on your chosen course of study, you may also be interested in one of our foundation pathways, which offer specially structured programmes for international students whose qualifications are not accepted for direct entry to UK universities. Further details can be found on Birmingham International Academy web pages.

How to apply

Apply through the UCAS website using code LG13.

UCAS (Universities and Colleges Admissions Service) is a UK organisation responsible for managing applications to university and college.

View further advice on 'How to apply for undergraduate courses', including advice for UK, EU and overseas applicants.

Key Information Set (KIS)

Key Information Sets (KIS) are comparable sets of information about full- or part-time undergraduate courses and are designed to meet the information needs of prospective students.

All KIS information has been published on the Unistats website and can also be accessed via the small advert, or ‘widget’, below. On the Unistats website you are able to compare all the KIS data for each course with data for other courses.

The development of Key Information Sets (KIS) formed part of HEFCE’s work to enhance the information that is available about higher education. They give you access to reliable and comparable information in order to help you make informed decisions about what and where to study.

The KIS contains information which prospective students have identified as useful, such as student satisfaction, graduate outcomes, learning and teaching activities, assessment methods, tuition fees and student finance, accommodation and professional accreditation.

How you'll learn

In your first two years you will undertake courses in mathematics and statistics/ econometrics, giving you the foundation to study advanced topics in economic theory and practice, and read more widely in economics and other social sciences. The programme’s compulsory courses are designed to provide you with a firm grounding in the main principles and techniques, leaving you free to build on these in accordance with your interests via a wide range of optional modules.

Our aim is to equip you with specific skills in economics, but also generic skills that can be applied right across the job spectrum, such as analytical and data analysis. You’ll be taught using a combination of lectures and tutorials with lecturers using innovative teaching techniques where possible.

At the end of this degree, you should have a good appreciation of economics relating to financial markets and institutions; quantitative techniques for empirical analysis of economic and financial data; accounting concepts relevant to financial market analysis; the legal aspects of financial services; and the history, culture, political structure and economy of the relevant European country, allied to a high level of linguistic skill.

seminar-student

How you'll be assessed

Modules are assessed using a combination of exams, tests and coursework, the mix of which will be dependent upon the modules you select.

Your personal tutor

From the moment you begin your studies, you’ll be allocated a personal tutor who is a member of the academic staff. He or she will take an interest in your general wellbeing and academic progress, meeting you on a regular basis either individually or in a small group throughout the year.

Contact hours

Undergraduate students can expect around 15 contact hours per week, depending on year of study and optional module choices made. The remainder of the working week consists of self-guided study based on degree programme content and requirements of specific modules.

Professional Development Module

This is an optional 20-credit final-year module which includes a work placement and aims to bridge the gap between your academic studies and your future professional life. It is an excellent opportunity to learn in a professional setting related to your interests and/or degree programme, supporting your professional and personal skills development, and consolidating your learning through reflection on your placement experiences. 

The placement must be of at least 40 hours’ duration and can be taken during the summer vacation or in the Autumn Term. Your placement could take place at a wide variety of organisations, such as a summer internship with a major employer or an unpaid voluntary project at a charity. You will have access to support from our dedicated Placements Team, to help you to identify the most appropriate opportunity for you.

Students in the Business School gardens

Resources and facilities

The Business School has a number of PC clusters with wireless connectivity and data projection. We also use a virtual learning environment to support our teaching, which can be accessed from any internet-connected computer and is used to provide electronic copies of lecture materials, links to online resources, multiple choice quizzes and discussion areas. It’s also used for a range of administrative tasks such as online submission of assignments and the provision of programme news.

The University Library houses over 2.5 million volumes and boasts extensive data retrieval services. The Library offers a range of valuable services to help you during your degree programme, including library-training sessions, subject guides and database skills. You’ll also have access to e-Library, a vast online collection of text books that can be accessed free of charge from other libraries.

Assessment methods

Studying at degree-level is likely to be very different from your previous experience of learning and teaching. You will be expected to think, discuss and engage critically with the subject and find things out for yourself. We will enable you to make this transition to a new style of learning, and the way that you are assessed during your studies will help you develop the essential skills you need to make a success of your time at Birmingham.

You’ll be assessed in a variety of ways, and these may be different with each module that you take. You will be assessed through coursework which may take the form of essays, group and individual presentations and formal exams.

During your first year it is important that you have a smooth transition into University. You will be able to talk to your tutors about this and discuss if there are particular areas where you need support. This is in addition to the personal tutor who is based in your school or department and can help with any academic issues you encounter.

At the beginning of each module, you’ll be given information on how and when you’ll be assessed for that particular programme of study. You’ll receive feedback on each assessment within four weeks, so that you can learn from and build on what you have done. You’ll be given feedback on any exams that you take; if you should fail an exam we will ensure that particularly detailed feedback is made available to enable you to learn for the future.

We feel proud and privileged that our students have chosen to put their fledgling careers in the hands of Birmingham Business School. So we want to make sure you achieve your full potential throughout your studies and gain the best career opportunities to fulfil your ambitions. We pride ourselves on our graduates high levels of employability and will help you to plan, manage and achieve your career goals, giving you the competitive edge when it’s time to start job hunting.

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A degree in Economics provides the skills required for a very wide range of careers. These skills are useful in the financial sector, general commerce, public sector, journalism and education to name but a few. Many employers will value the training that an Economics degree provides. The University of Birmingham is known to produce high quality graduates, therefore students are in high demand when they have completed their study.

Careers Network

The University offers advice through our award-winning Careers Network. They have specialists who can advise you on what the possibilities are on graduating. Joining one of the Department’s student societies is also a good way of finding out about future careers. Local firms often sponsor events for our students (such as business games, seminars on interview techniques and how to write a CV, and, of course, more social events) so that they can get to know you and vice versa. This is a further indication of the attractiveness of our students to prospective employers. 

Visit the Careers Network website for more details

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Birmingham has transformed into one of Europe's most exciting cities. It is more than somewhere to study; it is somewhere to build a successful future.

Clubs and societies

The Guild has over 200 Societies, community volunteering groups and associations for you to join; they cover every topic and activity that you can think of - there really is something for everyone.

Shape your academic experience

Choose to study here and you will have a Student Representative, who works with the University and Students' Union on issues that directly affect students. You could even become one yourself. Not only would you be making a difference to the academic student experience, but you would also be developing transferable skills for the future. Find out more on the Guild of Students website

Accommodation

Coming to Birmingham might be your first time living away from home. Our student accommodation will allow you to enjoy your new-found independence in safe, welcoming and sociable surroundings.

The City of Birmingham

One of Europe's most exciting destinations, Birmingham is brimming with life and culture, making it a wonderful place to live, study and work.

Our students fall in love with the city - around 40% of our graduates choose to make Birmingham their home.