MSc Accounting and Financial Management
Lancaster University, located in the UK, offers an esteemed MSc Accounting and Financia...
BSc (Hons) Economics and Mathematics
Lancaster
INTAKE: October
Program Overview
Lancaster University's BSc (Hons) Economics and Mathematics program is a rigorous interdisciplinary degree that integrates principles from economics and mathematics. This innovative program combines theoretical knowledge with practical applications, preparing students for analytical roles in finance, business, government, and academia. Students gain a solid understanding of economic theory, mathematical methods, and statistical techniques, allowing them to analyze complex economic phenomena and make data-driven decisions. The curriculum covers core topics such as microeconomics, macroeconomics, econometrics, calculus, linear algebra, and probability theory. By mastering quantitative skills and economic reasoning, graduates of this program are equipped to tackle real-world challenges and contribute to advancements in economic and mathematical research.
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Integrated Curriculum: The BSc (Hons) Economics and Mathematics program at Lancaster University offers an integrated curriculum that combines fundamental concepts from economics and mathematics. Students develop a strong foundation in economic theory while also mastering mathematical tools and techniques essential for economic analysis and modeling.
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Quantitative Analysis Skills: A key focus of the program is to develop students' quantitative analysis skills. Through coursework in mathematics and statistics, students learn to apply mathematical methods to economic problems, analyze economic data, and build econometric models. This emphasis on quantitative analysis enhances students' ability to interpret economic trends and make informed decisions based on rigorous analysis.
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Economic Theory and Policy: Students explore core concepts in microeconomics and macroeconomics, gaining insights into market behavior, economic systems, and policy implications. They study topics such as consumer theory, production functions, inflation, unemployment, monetary policy, and fiscal policy, developing a deep understanding of economic principles and their practical applications.
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Mathematical Modeling in Economics: The program emphasizes the use of mathematical modeling techniques to address economic questions and phenomena. Students learn to construct and analyze mathematical models that capture economic relationships, optimize decisions, and predict outcomes. This skill set is valuable for careers in economic research, financial analysis, and policy analysis.
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Statistical Analysis and Econometrics: Students acquire expertise in statistical analysis and econometric methods, enabling them to analyze economic data and test hypotheses. They learn to use statistical software such as R, Stata, or MATLAB to conduct empirical research and draw meaningful conclusions from economic data. This proficiency in econometrics is essential for conducting rigorous economic analysis and supporting evidence-based policymaking.
Location
Lancaster
Score
IELTS: 6.5
Tuition Fee
£ 24600
Undergraduate Entry Requirements
Academic Qualifications: Applicants are required to have achieved a minimum 75% or above in their high school or equivalent qualification.
English Language Proficiency:
- IELTS: The minimum IELTS score required is 6.5 or higher, with no individual component score below 6.
- TOEFL: The minimum TOEFL score is 87 or higher, with minimum 17 in each individual section.
- PTE: The minimum PTE score required is around 58 or higher, with no component score below 42.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It is important to note that entry requirements may vary across different programs and courses. Additionally, meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as the number of available places and competition for certain courses.
Lancaster University, located in the United Kingdom, recognizes the importance of providing financial assistance to international students. The university offers a range of scholarships and funding opportunities to support talented and deserving international students.
Global Scholarships: Lancaster University offers a generous Global Scholarship program specifically for international students. These scholarships are awarded based on academic merit and can significantly contribute towards tuition fees. The Global Scholarships are available for both undergraduate and postgraduate students.
Regional Scholarships: Lancaster University also offers scholarships targeted at specific regions around the world. These scholarships aim to attract and support high-achieving students from specific countries or regions. The eligibility criteria and application process may vary for each regional scholarship.
Subject-specific Scholarships: In addition to general scholarships, Lancaster University provides subject-specific scholarships for international students. These scholarships are awarded to students who demonstrate exceptional academic performance and have a strong interest in a particular field of study.
Research Scholarships: For international students interested in pursuing research degrees, Lancaster University offers research scholarships. These scholarships provide financial support for students undertaking research projects or doctoral studies.
External Scholarships: Lancaster University encourages international students to explore external scholarship opportunities as well. The university provides guidance and support in identifying and applying for external scholarships offered by government bodies, organizations, and funding agencies.
Graduates of Lancaster University's BSc (Hons) Economics and Mathematics program possess a unique blend of analytical, quantitative, and problem-solving skills that are highly valued in a wide range of industries. This interdisciplinary degree equips graduates for diverse and rewarding career opportunities in economics, finance, data science, research, and beyond.
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Financial Analyst: Many graduates pursue roles as financial analysts in investment banks, asset management firms, or corporate finance departments. With strong quantitative skills and a solid understanding of economic principles, financial analysts analyze market trends, assess investment opportunities, and make recommendations on portfolio management and risk mitigation.
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Data Scientist/Data Analyst: Graduates with expertise in economics and mathematics are well-suited for careers in data science and analytics. They use statistical methods, programming languages, and machine learning techniques to analyze large datasets, extract insights, and inform business decisions. Data scientists and analysts play a key role in areas such as market research, predictive modeling, and business intelligence.
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Economic Consultant: Some graduates pursue consulting roles in economics, providing strategic advice to businesses, government agencies, or international organizations. Economic consultants apply economic theory and quantitative methods to assess market dynamics, conduct policy analysis, and evaluate the impact of economic interventions. They help clients optimize performance and navigate complex economic challenges.
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Risk Analyst/Actuary: Graduates may work as risk analysts or actuaries, assessing financial risks and developing risk management strategies for insurance companies, banks, or financial institutions. They use mathematical models to quantify risks, evaluate probabilities, and ensure regulatory compliance. Risk analysts play a critical role in safeguarding organizational assets and maintaining financial stability.
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Investment Banking Associate: With a background in economics and mathematics, graduates can pursue roles in investment banking, assisting with financial transactions, mergers and acquisitions, and capital raising activities. Investment banking associates leverage their quantitative skills to perform financial modeling, conduct due diligence, and support deal negotiations.
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Policy Analyst: Graduates interested in public policy may work as policy analysts for government agencies, think tanks, or non-profit organizations. They analyze economic data, evaluate policy options, and assess the impact of government interventions on economic outcomes. Policy analysts contribute to evidence-based policymaking and support initiatives to address social and economic challenges.
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Quantitative Researcher: Some graduates pursue careers as quantitative researchers in academia or industry, conducting research in economics, finance, or related fields. They develop mathematical models, design experiments, and analyze data to advance knowledge and inform decision-making in areas such as financial markets, game theory, or economic forecasting.
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Further Studies and Academia: The BSc (Hons) Economics and Mathematics program provides a strong foundation for postgraduate studies in economics, finance, or related disciplines. Graduates may pursue master's or doctoral degrees to specialize in specific areas of economics or mathematics, preparing for academic careers or advanced roles in research and development.
