What Will You Study
Studying at LUMS gave me an opportunity to maximise my potential that could not have been replicated elsewhere.
Taught in the world-class Lancaster University Management School (LUMS), our three-year joint honours Finance and Economics degree provides an excellent academic foundation for anyone interested in a career in management and finance.
Your Finance studies cover capital markets, investment decision-making and option pricing. Your degree will also require you to study financial statement analysis. In Economics, you will study micro-economics at an individual and market level and focus on national economies at the macro-economic level. You will also take a rigorous look at wider contemporary economic issues, such as the crisis in banking, failures in corporate governance, fairness in organisations, CEO salaries and incentives in organisations.
You’ll begin your degree with courses including an Introduction to Accounting and Finance and Principles of Economics. In your second year, you’ll study subjects such as Advanced Principles of Finance; Micro and Macro Economics, and Financial Statement of Analysis. You’ll complete your degree with modules including Corporate Finance, International Financial Management, Investments, Monetary Economics and International Economics.
- Accounting and Economics : BSc Hons
- Accounting and Economics (Industry) : BSc Hons
- Accounting and Finance : BSc Hons
- Accounting and Finance (Industry) : BSc Hons
- Accounting and Management : BSc Hons
- Accounting and Management (Industry) : BSc Hons
- Accounting, Finance and Mathematics : BSc Hons
- Accounting, Finance and Mathematics (Industry) : BSc Hons
- Business Economics (Industry) : BSc Hons
- Economics : BSc Hons
- Economics (Industry) : BSc Hons
- Economics (Study Abroad) : BSc Hons
- Economics and Geography : BA Hons
- Economics and International Relations : BA Hons
- Economics and Mathematics : BSc Hons
- Economics and Politics : BA Hons
- Finance : BSc Hons
- Finance (Industry) : BSc Hons
- Finance and Economics (Industry) : BSc Hons
- Financial Mathematics : BSc Hons
- Financial Mathematics : MSci Hons
- Financial Mathematics (Industry) : BSc Hons
- Mathematics, Operational Research, Statistics and Economics (MORSE) : BSc Hons
- Mathematics, Operational Research, Statistics and Economics (MORSE) (Industry) : BSc Hons
- Philosophy, Politics and Economics : BA Hons
Many of Lancaster's degree programmes are flexible, offering students the opportunity to cover a wide selection of subject areas to complement their main specialism. You will be able to study a range of modules, some examples of which are listed below.
- Career and Employability I
- Introduction to Accounting and Finance
- Principles of Economics A
- Quantitative Methods for Economics
- Advanced Principles of Finance
- Career and Employability II
- Financial Statement Analysis
- Intermediate Macroeconomics I
- Intermediate Microeconomics I
- Introduction to Econometrics
- Mathematics for Economics
- Career and Employability III
- Career Skills in Accounting and Finance
- Career Skills in Accounting and Finance 2
- Advanced Macroeconomics
- Advanced Microeconomics
- Applied Macroeconomics
- Bond Markets
- Corporate Finance
- Development Economics
- Health Economics
- Industrial Organisation
- International Business
- International Financial and Risk Management
- International Trade
- Labour Economics
- Mathematical Economics
- Monetary Macroeconomics
- Public Economics
- Quantitative Finance
- Sports Economics
Lancaster University offers a range of programmes, some of which follow a structured study programme, and others which offer the chance for you to devise a more flexible programme. We divide academic study into two sections - Part 1 (Year 1) and Part 2 (Year 2, 3 and sometimes 4). For most programmes Part 1 requires you to study 120 credits spread over at least three modules which, depending upon your programme, will be drawn from one, two or three different academic subjects. A higher degree of specialisation then develops in subsequent years. For more information about our teaching methods at Lancaster visit our Teaching and Learning section.
Information contained on the website with respect to modules is correct at the time of publication, but changes may be necessary, for example as a result of student feedback, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes, and new research.
A Level AAB
GCSE Mathematics grade B, English Language grade B/C
IELTS 6.5 overall with at least 5.5 in each component. For other English language qualifications we accept, please see our English language requirements webpages.
International Baccalaureate 35 points overall with 16 points from the best 3 Higher Level subjects
BTEC Distinction, Distinction, Distinction
Access to HE Diploma in a relevant subject with 30 Level 3 credits at Distinction and 15 Level 3 credits at Merit
We welcome applications from students with a range of alternative UK and international qualifications, including combinations of qualification. Further guidance on admission to the University, including other qualifications that we accept, frequently asked questions and information on applying, can be found on our general admissions webpages.
Contact Admissions Team + 44 (0) 1524 592028 or via firstname.lastname@example.org
The skills gained from the two areas of your degree are highly desirable to employers, both within the finance industry and elsewhere.
Lancaster’s Finance and Economics graduates are able to capitalise on the analytical skills developed during their degree and many find themselves in a good position to win training contracts with major professional accounting firms; find employment within financial institutions and banks, or take up a variety of other posts within various industries.
Lancaster University is dedicated to ensuring you not only gain a highly reputable degree, you also graduate with the relevant life and work based skills. We are unique in that every student is eligible to participate in The Lancaster Award which offers you the opportunity to complete key activities such as work experience, employability awareness, career development, campus community and social development. Visit our Employability section for full details.
Lancaster Management School has an award winning careers team to provide a dedicated careers and placement service offering a range of innovative services for management school students. Our high reputation means we attract a wide range of leading global employers to campus offering you the opportunity to interact with graduate recruiters from day 1 of your degree.
Teaching and Learning Methods
At Lancaster we offer a broad range of learning environments which include the traditional lecture-tutorial , interactive workshops, laboratory and practical activities, student-led seminars and web-based delivery.
The modules which make up a programme of study are assessed using a variety of different methods, enabling students to demonstrate their capabilities in a range of ways. Typical coursework assignments include laboratory reports, essays, literature reviews, short tests, poster sessions, group work assessment and oral presentations. Formal examinations include short answer questions, essays and data analysis. Students are supported in the production of final year project reports and dissertations. Details of the assessment methods for individual modules can be accessed via the university's online module catalogue.
In addition to these learning and teaching methods we encourage independent study, meaning you take responsibility for your own learning. For more information visit our Teaching Approach page.
We offer you a variety of stimulating and effective approaches to teaching, learning and assessment. This enables you and your tutors to explore the very latest thinking within your subject and develops your skills in problem solving, analysis and critical reflection, communication, application of knowledge and modern technologies.
As a University, we commit to providing all our undergraduates with a minimum number of contact hours per week, providing you with timely feedback on your work and a maximum number of 15 students per seminar group.
We set our fees on an annual basis and the 2018-19 entry fees have not yet been set.
As a guide, our fees in 2017-18 were:
|UK/EU (2017-18)||Overseas (2017-18)|
Channel Islands and the Isle of Man
Some science and medicine courses have higher fees for students from the Channel Islands and the Isle of Man. You can find more details here: Island Students.
Lancaster University's priority is to support every student to make the most of their life and education and we have committed £3.7m in scholarships and bursaries. Our financial support depends on your circumstances and how well you do in your A levels (or equivalent academic qualifications) before starting study with us.
Scholarships recognising academic talent:
- An Academic Scholarship of £2,000 for the first year of study for full-time UK, Channel Islands and Isle of Man students who achieve A*,A*,A in their A level examinations (or equivalent academic qualifications) and who place Lancaster as their firm choice. This is awarded regardless of household income.
- An Access Scholarship of £1,000 for each year of study for all UK students with household incomes of less than £42,600 who achieve A level grades of A*,A, A in their A level examinations (or the equivalent academic qualifications). In addition, students from household incomes of less than £42,600 who achieve higher entry grades of A*, A*, A (or equivalent academic qualifications), who place Lancaster as their firm choice will also be awarded our £2,000 Academic Scholarship in their first year of study.
Continuation of the Access Scholarship is subject to satisfactory academic progression.
Students may be eligible for both the Academic and Access Scholarship if they meet the requirements for both.
- An Excellence Scholarship which forms part of the Unconditional Offer Scheme for full time UK, Channel Islands and Isle of Man applicants with outstanding academic profiles within a number of academic departments.
Bursaries for life, living and learning:
- A Lancaster bursary of £1,000 for each year of study for all students from the UK with a household income of less than £42,600.
Students from the UK eligible for a bursary package will also be awarded our Academic Scholarship and/or Access Scholarship if they meet the criteria detailed above.
Any financial support that you receive from Lancaster University will be in addition to government support that might be available to you (eg fee loans) and will not affect your entitlement to these.
For full details of the University's financial support packages including eligibility criteria, please visit our fees and funding page
Please note that this information relates to the funding arrangements for 2017, which may change for 2018.
Students may incur travel costs dependant on their placement location.
Students also need to consider further costs which may include books, stationery, printing, photocopying, binding and general subsistence on trips and visits. Following graduation it may be necessary to take out subscriptions to professional bodies and to buy business attire for job interviews.