Mathematics and Economics

BSc Jt Hons UCAS Code

Course overview

How do government economic policies affect us? What drives inflation and interest rates? How can using mathematical models help tackle unemployment? Our BSc Mathematics and Economics explores these questions and more.

This course enables you to study mathematics whilst learning key economic principles. It is run jointly by the School of Mathematical Sciences and the School of Economics.

Teaching and learning

Modules

Core modules

5 modules

Core Mathematics 1

In this Autumn semester module, you’ll be introduced to the basic mathematical concepts that underpin all degree programmes offered by the School of Mathematical Sciences. The major components are:

  • mathematical fundamentals: logic; complex numbers; functions; set theory; introduction to cardinality; ordinary differential equations.
  • linear algebra: systems of linear equations; introduction to matrices and matrix algebra.
  • analysis: the real numbers; sequences; infinite series; limits and continuity of functions.
  • programming in python: variables; logic and loops; functions; plotting graphs; debugging.

The overall aim of the module is to build on your existing mathematical knowledge, with an emphasis on developing mathematical skills, deepening understanding, and increasing confidence in applying a broad range of concepts and techniques. More specifically, the module introduces and provides practice in logical reasoning and rigorous mathematical thinking, particularly in relation to linear algebra and real analysis.


Core Mathematics 2

In this Spring semester module, you’ll build upon the basic mathematical concepts covered in ‘Core Mathematics 1’ and provides practice in logical reasoning and rigorous mathematical thinking, particularly in relation to linear algebra and real analysis. The major components are:

  • linear algebra: vector spaces; linear maps; eigenvalues and eigenvectors.
  • analysis: single-variable and multi-variable calculus (differential and integral).

Introduction to Macroeconomics

Macroeconomics is the study of the aggregate economy, focusing on the cyclical pattern of aggregate output and co-movement of real and monetary aggregates in general equilibrium. A series of basic models used in modern macroeconomics are introduced, with a particular focus on dynamic general equilibrium modelling tools and techniques necessary to build theoretical models.


Introduction to Microeconomics

In this module you will learn about the behaviour of firms and households in situations of competitive and imperfectly competitive markets.


Probability and Statistics

Probability theory allows us to assess risk when calculating insurance premiums. It can help when making investment decisions. It can be used to estimate the impact that government policy will have on climate change or the spread of disease. In this module, you will study the theory and practice of discrete and continuous probability, including topics such as Bayes’ theorem, multivariate random variables, probability distributions and the central limit theorem.

Statistics is concerned with methods for collecting, organising, summarising, presenting and analysing data. It enables us to draw valid conclusions and make reasonable decisions based on statistical analysis. It can be used to answer a diverse range of questions in areas such as the pharmaceuticals industry, economic planning and finance. In this module you’ll study statistical inference and learn how to analyse, interpret and report data. Topics that you’ll learn about include, point estimators and confidence intervals, hypothesis testing, linear regression and goodness-of-fit tests.


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Entry requirements

3 years full-time

£9,535 per year

Quote marks icon

The course stood out to me due to the teaching methods. There is a lot of support available and many ways to consolidate and revise previous learning. Even without having studied further maths, I feel like everyone gets to an equal footing quite quickly."

Alexander Kitsis

BSc Mathematics and Economics

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