Economics and Mathematics (Industry)

BSc Hons

  • UCAS code GL12
  • Entry year 2024
  • A level requirements AAB
  • Duration Full time 4 years

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Overview

Top reasons to study with us

  • 10

    10th for Mathematics

    The Guardian University Guide (2024)

  • 11

    11th for Research Quality for Economics

    The Times and Sunday Times Good University Guide (2024)

  • 12

    12th for Mathematics

    The Complete University Guide (2025)

Introduction

BSc Economics and Mathematics (Industry) focuses on the mathematical and statistical methods employed in economics, alongside studies in mathematics theory. Whether your goal is to use economics in finance or policy, this programme is flexible enough to allow you to pursue either.

Programme overview

As a student who is comfortable and fluent in mathematics, BSc Economics and Mathematics (Industry) provides you with the analytic skills and intellectual toolbox to help answer some of the most pressing economics questions.

You will learn how to interpret data, understand (and quantify) the decisions made by individuals, organisations, and governments and evaluate economic policies.

You will cover the fundamentals of economic theory and practice, and as your degree progresses and you discover more about both the subject and yourself, you have the opportunity to flex this programme in ways that speak to your changing interests and strengths. This might lead you to choose modules in:

  • International Trade
  • Environmental Economics
  • Health Economics
  • Behavioural Economics

Amongst many other specialisations. This leads to a degree unique to you, where you have played a major part in building the degree you want.

Alongside your economics studies, you will study the principles, methods and concepts of mathematics. Modules cover a wide range of topics, from calculus, probability and statistics to logic, proofs and theorems.

This programme uses your mathematical skills and knowledge to explore the core principles of macro- and micro-economics and game theory, amongst other areas of the discipline.

Your third year is spent in industry. You’ll be supported in securing a placement, with past students joining companies such as IBM, Lloyds Bank, Microsoft, PwC and the Bank of England. Roles on offer range from project management and logistics to investment, business development and risk. Most placements are in the UK, but there are some options overseas.

Key facts

What separates Lancaster from the crowd is the flexible nature of our Economics degree programmes. In your final year, you can choose a large number of your modules, focusing on your areas of interest to build a degree unique to you.

You do not need an A level in Economics to enrol in this course.

The University will use all reasonable effort to support you to find a suitable placement for your studies. While a placement role may not be available in a field or organisation that is directly related to your academic studies or career aspirations, all placement roles offer valuable experience of working at a graduate level and gaining a range of professional skills.

If you are unsuccessful in securing a suitable placement for your third year, you will be able to transfer to the equivalent non-placement degree scheme and would continue with your studies at Lancaster, finishing your degree after your third year. The University offers a range of shorter placement and internship opportunities for which you would be welcome to apply.

Programme outcomes

BSc Economics and Mathematics (Industry) offers a grounding in the fundamentals of economics alongside your mathematical knowledge. The most powerful aspect of economics is that it teaches a way of thinking which can then be applied to a specific field. If you want to be a government economist advising on tax or social/welfare costs, you need specific knowledge and skills. The same is true for a career in finance. You need specific finance models – how much to invest here, or advise clients to invest there. But the mode of thinking is the same for both: it is the critical, disciplined way of thinking that you will get from an Economics degree at Lancaster University. Economics opens up the world because the critical and analytical thinking skills that it inculcates are applicable to whatever your passion, be they politics, finance, the trading floor, or working for an NGO, all use the same skills.

Careers

As a graduate of Lancaster you’ll enjoy excellent employment prospects. Your qualification in Economics and Mathematics, along with your problem-solving skills, analytical abilities and organisational expertise, will make you highly desirable to employers.

Former graduates have been taken on as professional economists and economic advisers by the Bank of England, the Civil Service, management consultancies and diverse companies in a wide range of areas.

Your skills are also easily transferable to various roles such as marketing, management, advertising and consultancy.

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 University 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 one of your degree.

Entry requirements

Grade requirements

A level AAB

Required subjects A level Mathematics or Further Mathematics grade A

GCSE English Language grade C or 4

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 web pages.

Other qualifications

International Baccalaureate 35 points overall with 16 points from the best 3 Higher Level subjects, including 6 in HL Mathematics (either analysis and approaches or applications and interpretations)

BTEC May be considered alongside A level Mathematics or Further Mathematics at grade A

We welcome applications from students with a range of alternative UK and international qualifications, including combinations of qualifications. 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 web pages.

Contact Admissions Team + 44 (0) 1524 592028 or via ugadmissions@lancaster.ac.uk

Course structure

Lancaster University offers a range of programmes, some of which follow a structured study programme, and some which offer the chance for you to devise a more flexible programme to complement your main specialism.

Information contained on the website with respect to modules is correct at the time of publication, and the University will make every reasonable effort to offer modules as advertised. In some cases changes may be necessary and may result in some combinations being unavailable, for example as a result of student feedback, timetabling, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes and new research. Not all optional modules are available every year.

Core

Core

Optional

Core

Core

Optional

Fees and funding

Our annual tuition fee is set for a 12-month session, starting in the October of your year of study.

Our Undergraduate Tuition Fees for 2024/25 are:

Home International
£9,250 £26,575

Fees and funding information

Scholarships and bursaries

You will be automatically considered for our main scholarships and bursaries when you apply, so there's nothing extra that you need to do.

You may be eligible for the following funding opportunities, depending on your fee status:

Unfortunately no scholarships and bursaries match your selection, but there are more listed on scholarships and bursaries page.

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We also have other, more specialised scholarships and bursaries - such as those for students from specific countries.

Browse Lancaster University's scholarships and bursaries.

Important information

The information on this site relates primarily to 2025/2026 entry to the University and every effort has been taken to ensure the information is correct at the time of publication.

The University will use all reasonable effort to deliver the courses as described, but the University reserves the right to make changes to advertised courses. In exceptional circumstances that are beyond the University’s reasonable control (Force Majeure Events), we may need to amend the programmes and provision advertised. In this event, the University will take reasonable steps to minimise the disruption to your studies. If a course is withdrawn or if there are any fundamental changes to your course, we will give you reasonable notice and you will be entitled to request that you are considered for an alternative course or withdraw your application. You are advised to revisit our website for up-to-date course information before you submit your application.

More information on limits to the University’s liability can be found in our legal information.

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