Economics and Econometrics BSc

The Economics and Econometrics BSc at The University of Manchester offers a comprehensive and rigorous study of economic theory, quantitative methods, and their real-world applications. This degree is designed to equip students with a solid foundation in economic principles, analytical skills, and statistical techniques necessary to understand and analyze economic phenomena. Throughout the programme, students explore microeconomics, macroeconomics, and econometrics, gaining insights into how economies function, how markets operate, and how economic policies impact societies.

The curriculum combines theoretical coursework with practical data analysis, enabling students to develop robust quantitative skills essential for research, policy-making, and various careers in finance, government, research institutions, and business. In the first year, students are introduced to core concepts in economics and mathematics, establishing a strong base for more advanced topics in subsequent years. The second and third years offer specialised modules such as industrial organization, development economics, financial economics, and advanced econometric techniques, allowing students to tailor their degree according to their interests and career aspirations.

The programme emphasizes the application of economic theories using real data, promoting critical thinking and problem-solving abilities. Students also have opportunities to undertake individual and group projects, engage with industry through internships and guest lectures, and develop their communication skills to present complex economic analyses clearly and effectively.

The department is renowned for its research excellence and ties with industry, providing students with access to leading academics and professional networks. The University’s location in Manchester offers vibrant city life and numerous opportunities for internships and employment in financial and economic sectors. Graduates of this programme are well-equipped for careers in economic consultancy, financial analysis, public policy, academia, and beyond. By the end of the course, students will possess a detailed understanding of economic concepts, advanced quantitative skills, and the ability to analyze and interpret data, preparing them to contribute effectively to solving economic challenges in a dynamic global environment.

The Bachelor of Science in Economics and Econometrics at The University of Manchester offers students a comprehensive understanding of modern economic theory, quantitative analysis, and empirical methods. This interdisciplinary programme is designed to equip students with the analytical skills necessary to understand complex economic issues and to apply econometric techniques to real-world data. The curriculum combines foundational courses in microeconomics and macroeconomics with advanced modules in econometrics, statistical methods, and mathematical economics, providing a solid base for both academic and professional careers.

Throughout the course, students will engage with a wide range of topics, including economic modeling, data analysis, and policy evaluation. They will learn to use sophisticated statistical software and programming languages to interpret economic data and to build predictive models. The programme emphasizes practical applications, encouraging students to work on real datasets and case studies to develop their problem-solving abilities. Additionally, students have the opportunity to explore specialized areas such as financial economics, development economics, and behavioural economics, tailoring their studies to align with their interests and career aspirations.

The programme also integrates key skills in critical thinking, communication, and teamwork, preparing students for the collaborative nature of contemporary economic research and policy-making. The university's close links with industry and policy institutions provide students with valuable internship opportunities and insights into current economic challenges. Graduates of this programme are well-prepared for careers in finance, consulting, government, international organizations, or for further study in economics or related fields at postgraduate level. The programme's rigorous academic structure and emphasis on empirical methods make it an excellent choice for students seeking a thorough and practical understanding of economics and econometrics in a globally connected context.

The Bachelor of Science in Economics and Econometrics at The University of Manchester requires applicants to have completed relevant prior education that demonstrates their analytical and mathematical capabilities. Prospective students are typically expected to hold qualifications equivalent to A levels in the UK, with particular emphasis on Mathematics and preferably in Economics or related quantitative subjects. A strong background in mathematics, including calculus, algebra, and statistics, is considered essential for success in this programme.

Applicants must meet the standard university entry criteria, which usually include achieving the required grades in their prior qualifications, alongside proficiency in English language, demonstrated through tests such as IELTS or equivalent IELTS scores, typically a minimum of 6.5 overall with at least 6.0 in each component. In addition to academic achievements, applicants might be evaluated on personal statements, references, and relevant extracurricular experiences that showcase their interest and aptitude in economics and quantitative analysis.

The programme has specific module prerequisites, with foundational courses in microeconomics, macroeconomics, and quantitative methods forming the core. Students are expected to engage with complex economic theories, empirical methods, and econometric techniques that involve statistical software applications. The curriculum integrates theoretical economic models with practical data analysis skills, preparing students for careers in finance, government, research, or further academic study.

Admission prerequisites also include a demonstrated capacity for independent study and analytical thinking, as evidenced through previous coursework or relevant work experience. The programme encourages applicants with a passion for understanding economic issues and applying econometric models to real-world problems. Continuous assessment through coursework, examinations, and project work is typical, emphasizing both theoretical understanding and practical skills.

All applicants should consult the official university admissions guidance for detailed, programme-specific entry requirements and ensure all documentation is submitted by the specified deadlines. Meeting the minimum entry standards does not guarantee admission, as selection is competitive, with preference often given to candidates demonstrating strong quantitative backgrounds and motivation for studying economics and econometrics at an advanced level.

Funding for the Economics and Econometrics undergraduate program at The University of Manchester is available through a variety of sources aimed at supporting both domestic and international students. Prospective students can explore scholarships, grants, and bursaries offered directly by the university, such as the Manchester Undergraduate Bursary, which provides financial support based on household income, or subject-specific scholarships for high-achieving applicants. Additionally, there are government-funded schemes including tuition fee loans provided by the Student Loans Company in the UK, allowing students to defer repayment until after graduation, based on income thresholds. For EU and international students, the university offers a limited number of international scholarships and fee discounts, though these are highly competitive and require outstanding academic achievement.

Students engaging in work placements or part-time employment may also access funding through university-supported schemes, which facilitate internships and paid roles suitable for students to finance their studies while gaining practical experience. The university’s Careers Service provides guidance on external funding opportunities, including scholarships from government agencies, charitable foundations, and private donors. Furthermore, students can consider private loans available from financial institutions—though these are typically used as supplementary funding options rather than primary sources.

The university also offers specific financial guidance and resources to assist students in planning their finances, such as budgeting tools and financial advice workshops. For students enrolled in the Economics and Econometrics program, there may be additional targeted funds linked to the department or faculty that support research activities, study trips, or academic conferences, contributing indirectly to the overall cost coverage. It is advisable for prospective and current students to regularly check the university’s official financial aid webpage for updated information on available funding opportunities, application deadlines, and eligibility criteria, ensuring they can maximize their financial support options throughout their studies.

The BSc Economics and Econometrics programme at The University of Manchester is a comprehensive undergraduate degree designed to provide students with a solid foundation in economic theory, quantitative methods, and real-world applications. This course combines rigorous training in economic principles with advanced statistical and mathematical techniques, enabling students to analyze economic issues from both theoretical and empirical perspectives. The curriculum covers core topics such as microeconomics, macroeconomics, econometrics, game theory, development economics, international economics, and public policy. Students also have opportunities to specialize further through optional modules and electives tailored to their interests.

The programme emphasizes a blend of academic theory and practical skills, preparing graduates for careers in finance, consulting, government, international organizations, or further research. It incorporates the use of statistical software packages like Stata and R, which are integral to data analysis and econometric modelling. Students benefit from the university’s strong links with industry, engaging with guest lectures, internships, and research projects that enhance employability and real-world understanding. The teaching methods include lectures, seminars, workshops, and tutorials, supported by extensive online resources and academic guidance.

The university’s Department of Economics is renowned for its research output and teaching excellence, providing an intellectually stimulating environment. Students are encouraged to develop critical thinking, problem-solving skills, and quantitative capabilities. The programme also offers opportunities for study abroad, placements, and collaborative projects, fostering a global perspective and practical experience. Assessment is typically through a combination of coursework, exams, and project work, ensuring a comprehensive evaluation of students’ understanding and skills.

Graduates of the BSc Economics and Econometrics programme are well-equipped to pursue advanced study in economics or related fields, or to enter a wide range of careers in private, public, and third sectors. The programme aims to produce graduates who are analytical, data-driven, and capable of addressing complex economic challenges with innovative solutions. Overall, the course aims to cultivate knowledgeable, skilled, and adaptable economists ready to contribute effectively to society and the economy.