BA in (Hons)Economics (with Placement)

The BA (Hons) in Economics program at the University of Hertfordshire provides students with a comprehensive understanding of economic theory, principles, and applications. Over four years, including a placement year, students explore various aspects of microeconomics, macroeconomics, econometrics, and economic policy. With a focus on analytical thinking, quantitative skills, and real-world relevance, graduates emerge prepared to analyze economic issues, make informed decisions, and pursue careers in diverse sectors such as finance, consulting, government, and academia.

Curriculum: The curriculum of the BA (Hons) Economics program is designed to provide students with a solid foundation in economic theory, quantitative methods, and applied economics. Students study core modules such as Principles of Economics, Economic Analysis, Econometric Methods, and Economic Policy. They also have the opportunity to specialize in areas such as international economics, development economics, and behavioral economics. Through a combination of lectures, seminars, tutorials, and practical exercises, students develop their analytical skills, critical thinking abilities, and proficiency in economic analysis, preparing them for careers in economics and related fields.

Research Focus: The University of Hertfordshire maintains a strong research focus within the field of economics, with faculty members engaged in research projects that address key economic issues and challenges. Research areas may include labor economics, environmental economics, financial economics, and public policy analysis. Students have the opportunity to participate in research activities, such as literature reviews, data analysis, and empirical research, under the supervision of experienced economists. This research-led approach enhances students' understanding of economic theory and methodology and prepares them for postgraduate study or research-oriented careers in academia or applied research settings.

Industry Engagement: One of the key strengths of the BA (Hons) Economics program is its close ties to industry and partnerships with leading organizations in the public and private sectors. The University of Hertfordshire collaborates with government agencies, financial institutions, consulting firms, and multinational corporations to provide students with opportunities for work placements, internships, and research projects. Through these partnerships, students gain practical experience, working on real-world economic problems, conducting economic analysis, and contributing to policy discussions. Industry placements enable students to develop professional networks, enhance their employability, and gain valuable insights into career pathways in economics and related fields.

Global Perspective: In an increasingly interconnected and globalized world, the BA (Hons) Economics program at the University of Hertfordshire promotes a global perspective on economic issues, policies, and trends. Students explore international trade, globalization, economic development, and the role of international institutions such as the World Bank and the International Monetary Fund (IMF). Additionally, the university's diverse student body, international faculty, and study abroad opportunities provide students with opportunities to engage with different cultural perspectives and economic systems from around the world. By embracing a global outlook, graduates are prepared to work in diverse international settings, analyze global economic trends, and contribute to efforts to address global challenges such as poverty, inequality, and climate change.

Undergraduate Entry Requirements

Academic Qualifications: International students applying for undergraduate programs are typically required to have achieved a minimum overall score of 65% or above in their high school or secondary school qualifications. This may vary depending on the specific course or program.

English Language Proficiency:

• IELTS: A minimum overall score of 6.0 or 6.5 with no individual component below 5.5.
• TOEFL: A minimum score of 72, with a minimum of 17 in each component.
• PTE: A minimum overall score of 59, with no individual score below 59.
• Some programs may have specific subject prerequisites or additional requirements.

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 meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.

The University of Hertfordshire offers a range of scholarships and financial assistance programs to support international students in pursuing their education. These scholarships are designed to recognize academic excellence, encourage diversity, and provide opportunities for students who may face financial barriers.

Vice-Chancellor's Scholarship: This prestigious scholarship is awarded to exceptional international undergraduate and postgraduate students who demonstrate academic excellence. It provides a tuition fee discount of up to £4,000 for the duration of the course.

Regional Scholarships: The university offers several scholarships specifically for students from certain regions or countries. These scholarships vary in value and eligibility criteria, providing financial support to students from specific geographic areas.

Merit Scholarships: Merit-based scholarships are available for high-achieving international students. These scholarships recognize academic excellence and provide financial assistance towards tuition fees.

Sports Scholarships: The university encourages talented athletes to pursue their academic and sporting ambitions simultaneously. Sports scholarships are awarded to exceptional athletes who can demonstrate outstanding sporting achievements and commitment to their chosen sport.

Partnership Scholarships: The university has established partnerships with various organizations, institutions, and governments. Through these partnerships, international students may have access to specific scholarships and funding opportunities.

External Scholarships: The University of Hertfordshire also supports students in their search for external scholarships and funding sources. The dedicated scholarships team provides guidance and information on external scholarships that international students may be eligible to apply for.

It is important to note that each scholarship has specific eligibility criteria, application deadlines, and required documentation.

Graduating with a BA (Hons) in Economics from the University of Hertfordshire opens up diverse career opportunities in various sectors, including finance, consulting, government, research, and academia. 

Economist: Economists analyze economic data, trends, and policies to provide insights into issues such as inflation, unemployment, and economic growth. They work for government agencies, financial institutions, think tanks, and research organizations, conducting research, forecasting economic indicators, and making policy recommendations.

Financial Analyst: Financial analysts assess the performance of stocks, bonds, and other investments to help investors make informed decisions. They analyze financial data, evaluate investment opportunities, and prepare reports and recommendations for clients or employers in areas such as asset management, investment banking, and corporate finance.

Policy Analyst: Policy analysts work for government agencies, non-profit organizations, and advocacy groups, analyzing public policies and making recommendations to address social, economic, and environmental issues. They conduct research, evaluate policy options, and communicate findings to policymakers and stakeholders to inform decision-making and policy implementation.

Management Consultant: Management consultants advise organizations on strategic planning, operations, and performance improvement. They analyze business processes, identify inefficiencies, and develop strategies to enhance productivity, reduce costs, and achieve organizational goals. Management consultants work for consulting firms or as independent contractors, serving clients in various industries.

Data Analyst: Data analysts collect, process, and analyze large datasets to extract actionable insights and inform decision-making. They use statistical software, programming languages, and data visualization tools to identify trends, patterns, and correlations in data related to economics, finance, marketing, or operations.

Market Research Analyst: Market research analysts study consumer behavior, market trends, and competitive landscapes to help companies understand their target markets and develop effective marketing strategies. They collect and analyze data from surveys, focus groups, and market studies to assess market demand, evaluate product performance, and identify growth opportunities.

Investment Analyst: Investment analysts assess the financial performance and prospects of companies and industries to guide investment decisions. They analyze financial statements, conduct valuation models, and evaluate market trends to identify investment opportunities and risks for asset managers, hedge funds, and institutional investors.

Public Sector Economist: Public sector economists work for government agencies or international organizations, analyzing economic policies and programs related to taxation, public spending, and regulatory reforms. They conduct economic impact assessments, cost-benefit analyses, and fiscal forecasts to support policy development and evaluation.

Research Assistant: Research assistants work for academic institutions, research organizations, or private companies, assisting economists and other researchers in conducting empirical studies, literature reviews, and data analysis. They may help design research projects, collect and analyze data, and prepare reports or academic papers for publication.

Academic Lecturer/Tutor: Graduates with a BA (Hons) in Economics may pursue further study at the graduate level and pursue careers as academic lecturers or tutors in economics departments at universities and colleges. They teach undergraduate courses, conduct research, and contribute to the academic community through publications and conference presentations.