Available with industry placement (L105) or study abroad (L101).
Undergraduate study in Economics
Economic decisions and activities impact on many different areas of society and on our everyday lives. A degree in Economics will help you to understand why.
About Economics at Lancaster
Economics helps to explain a wide variety of real-world phenomena, but it is not limited to the study of recessions, growth prospects and commodity prices. Although these pose important problems, the tools of Economics can be used to understand many forms of human behaviour – for example, health, crime, fertility and gambling. Our internationally-renowned staff will help you learn how to think: not what to think. Taking an Economics degree at Lancaster gives you the opportunity to create a course of study that reflects your own interests and chosen career orientation, with opportunities to enhance your employability through studying abroad at one of our partner universities, or adding a placement to gain valuable work experience.
Employers demand that modern graduates have strong problem-solving and decision-making capabilities, which creates excellent opportunities for good Economics graduates. An Economics degree opens career prospects in a broad range of fields including finance and banking, public policy, sales and marketing, insurance and more. You might also continue with further study in economics, business or political science.
You will be taught by experts at the forefront of their discipline.
We're highly ranked in major league tables.
Flexibility and module choices to tailor your studies to your interests.
Wherever you want your career to take you, you can create an Economics course of study that reflects your own interests and ambitions, and develop the kind of analytical skills that will make you highly attractive to employers.
Available with industry placement (L111)
Available with industry placement GL12.
Available with industry placement GLN1.
Ranked in the Top 100 worldwide
Lancaster is ranked 69th worldwide for Business and Economics in the Times Higher Education World University Rankings by subject 2023.THE World University Rankings by subject
Preparing you for the jobs market is central to everything we do, so you'll begin to explore your career options right from the start of your studies.
Tab Content: Careers Skills
If you would like support or advice about your career options, or you want to find out how to make the most of your time at University to ensure you can compete in the graduate labour market, you can book an appointment with one of our dedicated Careers Advisers based in the Management School.
Lancaster University Economics Society
Joining the Economics Society provides members with the opportunity to further enhance their academic skills, gain an insight into economic research and actively participate in discussions. This is an excellent source of career support. Furthermore, engaging with these activities will enhance your skills and could help you to make an informed decision about your future career.
Tab Content: Careers in Economics
Lancaster graduates with a degree in Economics have gone on to work in a range of different settings, including large international professional services firms, national and commercial banks and governmental organisations.
Analysts (risk, insurance, investments) – Researching, analysing and providing accurate and detailed information to clients and employers, enabling business decisions to be made. You will find analysts working in a range of settings including investment banks, professional services firms or financial organisations.
Chartered Accountancy – Working in a range of settings including public practice firms, industry and commerce and the public sector, chartered accountants provide accurate financial information and aim to maximise profit for their clients or employer. This career option is open to graduates of any discipline, as professional training is often provided by employers.
Civil Service Fast Streamer – Working for central government on a graduate development programme with the Civil Service. This scheme provides graduates with the opportunity to gain valuable experience in a range of government departments and develop strong leadership skills.
Consultant – Working with a range of clients from various companies and public organisations to provide expert advice on business decisions and processes. Solving problems to ensure businesses are successful and make profit.
Economist – Researching and analysing the relationship between a society’s resources and its production or output. The focus of this research can be local communities, entire nations or even the global economy. This research informs a wide range of policy decisions such as interest rates, tax, welfare, trade and corporate strategies.
Statistician – Working in a variety of settings, such as education, government, finance, forensics and market research to collect, analyse, interpret and present quantitative information. Statisticians work with clients and employers to inform decisions and strategies.
Tab Content: Transferable Skills
The Lancaster Economics degree will ensure you develop high level, subject-specific skills enabling you to apply economic principles and models, whilst also developing an understanding of financial markets and socio-economic policies. However, there are also many transferable skills gained from studying Economics at Lancaster:
- Analysis and Research – the ability to critically analyse data and conduct research
- Communication – presenting complex information accurately
- Problem Solving – developing solutions using available data and making recommendations
- Time Management – the ability to produce high-quality work within set deadlines
- Computing – using a range of specialist and general software packages
- Numeracy – Statistical and mathematical analysis
Placements in Industry
On most of our degrees, you have the option of doing a placement year. For some, the placement is an integral part of the degree, but on most of our other degrees you can also take an optional placement year. If you’re able to take that extra year, you’re likely to find it very beneficial. The experience will give your employment prospects a huge boost – you will not find it hard to secure interviews for graduate jobs.Placements
Top tips to get ahead from our Careers Coach
My name is Sophia Wu, and I am the Careers Coach for Economics students.
Economics is a great degree to study because it allows you to enter many different career areas and could lead to a good financial return and enjoyable working life. In many universities, the Economics department is in the social science department but at Lancaster, it is in the Management School. This allows you to be exposed to the real business world and to meet business leaders and graduate recruiters regularly.
Collins English Dictionary defines Economics as: “The study of the way in which money, industry, and trade are organised in society.” This can apply to the private sector and the public sector when it comes to your career options with an Economics degree. There are a wide range of career options, such as being an Economist, Banking and Accounting professional, or Business and Management Consultant, just to name a few.
You may have a few questions, such as:
“How do I make a well-informed career decision in line with my core values?”
“How do I break into a career that I'm passionate about?”
“How do I make myself more employable during university time?”
The careers and employability modules in your degree will guide your through the career decision making process by improving your self-awareness and gaining industry knowledge and experience. You can also access personalised career guidance with me to discuss your individual needs. Let’s not forget the alumni and employer connections we have had for our students.
Studying in Lancaster is not just about your academic achievements. It is also about your student experience and growing confidence to make the leap to real working life after your degree. My colleagues and I are here to support you throughout university, through graduation and beyond.
On behalf of the LUMS Careers Team, we look forward to welcoming you to Lancaster.