Economics (Study Abroad)

BSc Hons

  • UCAS Code L101
  • Entry Year 2023
  • A Level Requirements AAB
  • Duration Full time 4 Years

Overview

Top reasons to study with us

  • 15

    15th for Graduate Prospects for Economics

    The Times and Sunday Times Good University Guide (2023)

  • 16

    16th for Economics

    The Times and Sunday Times Good University Guide (2023)

  • Lancaster University is among the best in the UK - appearing in the Top 20 of all major national league tables.

Introduction

BSc Economics begins by introducing the foundational principles of Economic Theory. The BSc then focusses on the mathematical and statistical methods employed in Economics. 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 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 about 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.

Your third year is spent in industry. You’ll be supported in securing a placement, and all placement roles offer valuable experience of working at a graduate level and gaining a range of professional skills.

Key Facts

What separates Lancaster from the crowd is the flexible nature of our Economics degree. Not only can you choose more and more of your modules as you progress through your degree, Economics can also be combined with:

  • Politics
  • International Relations
  • Geography
  • Politics and Philosophy (the E in PPE)
  • Mathematics
  • Law

Many of these subjects are great complements to Economics.

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

BSc Economics is also offered as a three-year degree. If you are unsuccessful in securing a suitable placement for your third year, you are able to transfer to the equivalent non-placement degree scheme, finishing your degree after your third year.

Programme outcomes

BSc Economics offers a grounding in the fundamentals of Economics. 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

Our degrees are designed to prepare you for a career in industry, business, finance, consultancy or government. Recent Economics graduates have joined banks and financial consultancies such as HSBC and Deloitte, while others have been employed on graduate schemes with major companies, including BAE and the Swire Group.

Many of our Economics students have gained places on postgraduate courses at top institutions and then pursued specialised careers as economists – for example, at the Bank of England, the Institute for Fiscal Studies, and in academia.


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.

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 webpages.

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 an A in A level Mathematics or Further Mathematics

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 webpages.

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 others which offer the chance for you to devise a more flexible programme to complement your main specialism. 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 please visit our Teaching and Learning section.

The following courses do not offer modules outside of the subject area due to the structured nature of the programmes: Architecture, Law, Physics, Engineering, Medicine, Sports and Exercise Science, Biochemistry, Biology, Biomedicine and Biomedical Science.

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.

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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 2023/24 are:

UK International
£9,250 £22,650

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.

Student Insights

In his blog, Faraz Khokar discusses how he has enjoyed taking advantage of all the opportunities at Lancaster. "My time so far has been enriching. I’ve met industry leaders in the world of banking and finance, successful entrepreneurs, top graduate recruiters and so on. You can learn a lot by listening to someone’s experience and career journey, it grows you as a person and makes you aware of the world out there."

Read Faraz's Blog

Alumni Profiles

Link: click to see Panagiotis Charos
portrait photograph of Panagiotis Charos

Panagiotis Charos

BSc Economics (Study Abroad), 2018

Overall, Lancaster University goes at great lengths to prepare its students to successfully overcome the challenges that they face when they enter the market.

A tour of the Campus

Join Meenal and Vlad as they take you on a tour of the Lancaster University campus. Discover the learning facilities, accommodation, sports facilities, welfare, cafes, bars, parkland and more.

Undergraduate Open Days

Important information

The information on this site relates primarily to 2023/2024 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.

Our Students’ Charter

We believe in the importance of a strong and productive partnership between our students and staff. In order to ensure your time at Lancaster is a positive experience we have worked with the Students’ Union to articulate this relationship and the standards to which the University and its students aspire. View our Charter and other policies.