Overview
Economics courses in the
UK, close to where many of its theories have their roots, can benefit any international student. The UK is home to
some of the world’s biggest banks and accounting firms, and graduates in economics have a wide range of career
options after graduation. Students will gain knowledge and skills in problem-solving, data analysis, computers, and
written and oral presentations—all highly valued and in demand in the current job market. Because English is the
language of international finance, studying economics courses in the UK will assist you in the future.
Why studying Economics in the UK?
Enormous subject, economics. You will learn so many multidisciplinary skills from it that hiring managers will find
you appealing for any position, regardless of industry. The 96% of graduates who are employed or enrolled in more
education can anticipate making about £26,000 in their first position. Many degrees allow students to spend a
placement year in industry, sometimes abroad, because business forms the foundation of economics because it is so
closely tied to the rest of the world. Governments, banks, and multinational corporations are very attracted to this
experience.
Some modules you might take include:
An economist must thoroughly understand how diverse topics relate to one another, which is the most apparent
professional choice. Economists are employed to advise on the effects of changes in various areas, including
healthcare, education, business, energy, law, and the environment. They serve as both consultants and researchers.
Bachelor of Economics in the UK
International students will receive the necessary training to succeed in economics with an undergraduate economics course in the UK.Undergraduate economics programmes typically take three years, while there are many opportunities for internships and work placements, so four-year programmes are not unheard of.
Key
economic theories will be covered in the subject’s introductory instruction, and for most programmes, no prior
knowledge of economics is usually necessary to apply.
Many
economics programmes in the UK also offer dual honors degrees, which allow you to study additional topics in addition
to economics, such as business, geography, or math.
Masters for Economics in the UK
Students who pursue a master’s degree in economics will receive comprehensive instruction in advanced economic ideas and methods. Through case studies that apply economic theory to the actual world, policy analysis, quantitative modelling, and data analytics will be used to explain concepts and ideas to you. A postgraduate economics programme at a UK university will give you the ideal platform to specialise in a field of particular interest as you prepare for your future profession.
Entry requirements for Economics in the UK
Career and salary range for Economics in the UK
The UK has had a significant influence on the way that modern economics is taught and practiced around the world.
There is no better place to start your higher education and launch your career if you want to grasp how and why money
keeps the globe turning.Graduates of economics programmes can find employment as banking and financial consultants
in the private sector. In contrast, in the public sector, they can find employment with bureaus of statistics,
national treasuries, central banks, and government agencies. There are also job openings in the manufacturing,
transportation, communication, insurance, nonprofit, investment, and retail sectors.
The best universities for Economics in the UK
Economics has long been a
popular major worldwide because of the practicality and relevance of its ideas and principles. Consequently, it’s
unsurprising to find economics taught in various formats across the country’s top-ranked universities. Given that there are over a
hundred, we’ve done the legwork for you and compiled a list of the top economics courses at UK universities.
University of Leeds
The Best Universities for Economics in the UK The university offer economics courses and consistently ranks among the
world’s best. The University
of Leeds, for instance, provides the standard BSc Economics degree.
There are almost 30,000 students
enrolled at Leeds, representing more than 140 different nations. The property encompasses about a hundred acres and
exudes an air of globalisation.
University of East Anglia
When researching the best universities for economics in the UK, it’s worth noting that the Norwich University of East Anglia is among the top choices.
According to the Complete University Guide 2019, the University of East Anglia is the fourteenth-best university in
the UK and one of the world’s top two hundred universities.
One can pursue various academic programmes at the School of Economics. A wide variety of Bachelor of Science (BSc)
degrees are available in the fields of economics, finance, business, philosophy, politics, and economics. When it
comes to bachelor’s degrees, there are also many options. The BSc and BA programmes at East Anglia include optional
year-long internships and study-abroad components.
The graduate study possibilities are just as extensive. These are all common choices for MS Economics, Behavioral and
Experimental Economics, and Economics and Finance programmes. In addition to economics, other Master’s degrees may
include courses in international business, international relations, money, capital markets, and global media.
University of Stirling
Stirling University’s campus is located in central Scotland
on the grounds of a castle estate dating back to the 18th century, right next to the waters of Loch Lomond.
The University of Stirling's School of Management offers a Bachelor of Arts (Honours) in Economics. There are a
variety of exciting classes spread out over the four years of the programme, including required ones like Microeconomics and
Macroeconomics and electives like Accounting and Finance for Managers and Advanced Microeconomics.
And the Economics courses are dedicated to more than just one discipline of economics. Money, banking, finance,
behavioural economics, and political economics are all subfields of economics. The institution is committed to
generating outstanding outcomes in all of the aforementioned sectors, which are all at the cutting edge of world-class
research.
University of Strathclyde
It’s a prestigious university that’s won several honours. They are the only institutions to win the Times
Higher Education University of the Year award twice (in 2012 and 2019). They are ranked among the top
10 in economics in the Complete University Guide 2022. Internship
and work placement options are available for international students at this prestigious research institution. The
university disseminates essential ideas and frameworks for deeper understanding.
The latest worldwide financial crisis makes economics all the more crucial and timely. Economics course topics include
banking, interest rates, monetary policy debate, the impact of government spending, and more. Economics seeks to
explain the interactions between the various players in an economy, including consumers, businesses, and governments,
and to identify the most effective strategies for overcoming market failures.
Over the programme’s four years, students will develop an appreciation for the power of entrepreneurship to affect
positive change in the economy and culture.
University of Hertfordshire
This school was ranked 14th in the UK for economics by the Guardian League Table in 2020 and 9th for economics majors’
“Overall Satisfaction” by the 2021 National Student Survey.
However, economics does play a role in influencing the policies of businesses, organisations, and governments.
Professionals in the field will be instructing the students.
According to the Graduate Outcomes Survey 2018-19, 85% of Hertfordshire’s economics grads are employed, and their
average starting wage is 25,000 pounds. (Graduate Outcomes Survey 2017-2018)
Students who earned degrees from the University
of Hertfordshire now work as business development managers, finance managers, financial analysts,
financial consultants, and wealth advisors in the public and private sectors.
The institution is the best place for economics students to get a solid education. Its primary focus is helping its students apply what they learn in the classroom to the real business world.
Tuition Fees for Economics in the UK
The cost of tuition for an international student who wants to study economics at a top-ranked
UK university ranges from £15,000 to £23,000 per year for undergraduate programmes and from £15,000
to £30,000 per year for postgraduate programmes, depending on the university. The cost of tuition increases with the
prestige of the university.
Aside from tuition, the annual cost of living in London can be over £12,000, while outside the city, it can range from
£9000 to £10000, depending on the UK city you are attending school in.
Final words
Studying economics in the UK can be an exciting and eye-opening experience. If you enjoy studying history,
anthropology, art, and music to help you better understand human behaviour, this is the perfect major for you.
Through large data analysis systems, economics can help governments improve their decision-making; the field of game theory helps economists understand how rational people become irrational, letting lesser-known economists further their research.
Economics courses in the UK have a wide range of applications in the real world and are such a broad subject that it is pretty hard to pin down specific advice that can be given. If you love economics and want to study it, it’s worthwhile.
FAQ’s
Why study Economics in the UK?
Enormous subject,
economics. You will learn so many multidisciplinary skills from it that hiring managers will find you appealing for
any position, regardless of industry. The 96% of graduates who are employed or enrolled in more education can
anticipate making about £26,000 in their first position.
Is the UK an excellent place to study Economics?
Most of the best economics
instruction may be found in the UK if that is what you want.
How much does it cost to study Economics in the UK?
The cost of tuition for an
international student who wants to study economics at a top UK institution ranges from £15,000 to £23,000 per year
for undergraduate programmes and from £15,000 to £30,000 per year for postgraduate programmes, depending on the
university. The cost of tuition increases with the prestige of the university.
How many years does it take to study Economics in the UK?
Most BSc or BA in economics
programmes take three years to complete. The BSc will be more technically oriented with increasing emphasis on
mathematics, statistical analysis, theory, and techniques.
How hard is an Economics degree?
Excellent writing abilities, critical thinking, and numeracy are needed for economics. Not only must you excel at both of them, but you also must effortlessly integrate your writing and math abilities. You shouldn't major in economics if you don't truly love it.
