Economics

Economics at Durham University offers a comprehensive undergraduate programme designed to provide students with a strong foundation in economic theory, quantitative methods, and real-world applications. Throughout the course, students will explore a wide range of topics including microeconomics, macroeconomics, international economics, development economics, and financial economics. The programme emphasizes analytical skills, critical thinking, and the ability to interpret complex data, preparing graduates for diverse careers in finance, government, international organizations, and private enterprise.

The curriculum integrates rigorous academic content with practical case studies, ensuring students gain both theoretical understanding and applied skills. In addition to core modules, students have opportunities to select optional courses tailor their degree to specific interests such as behavioural economics, environmental economics, or economic history. The programme also incorporates research projects, seminars, and workshops that foster independent learning and collaborative work.

Students benefit from state-of-the-art facilities, access to leading academics, and a vibrant intellectual community. Durham’s strong links with industry and policymakers provide valuable networking opportunities, internships, and real-world experiences. The programme is structured to develop both quantitative and qualitative skills, with the use of statistical software and economic modelling tools being an integral part of the learning process.

Throughout their studies, students are encouraged to engage critically with contemporary economic issues, developing their ability to analyse current global challenges such as inequality, climate change, and economic stability. The programme also aims to foster a global perspective, preparing students for careers in an interconnected world.

Graduates of Durham’s Economics programme will leave well-equipped to pursue further studies or enter the workforce with a robust understanding of economic principles and practical skills. The degree provides a solid foundation for roles in consultancy, banking, policy analysis, research, and beyond, contributing meaningfully to society and the economy.

Content

Year 1

In the first year, in addition to the compulsory modules of Principles of Economics, Economic Methods, and The World Economy, you choose three further optional modules from a selection that includes:

• Accounting and Finance in Business
• Introduction to Environmental Economics
• Introduction to the History of Economic Thought
• People Management and Organisations
• Marketing Principles
• New Venture Creation
• A module chosen from another department, which could include a foreign language.

Year 2

In the second year, you study three compulsory modules investigating Macroeconomics, Microeconomics and Economic Data Analysis, and choose three optional modules from a selection including:

• Behaviourial and Exeperimental Economics
• Business Competition
• Corporate Finance
• Economics of Social Policy
• European Economics
• Intermediate Methods for Economics and Finance
• One module from another department, which could include a foreign language.

You could spend the third term of your second year studying economics modules at either the University of Trento or the University of Pisa. Students who choose this option study five Durham modules before going to Italy for the Easter term. The Durham May/June examinations are taken whilst in Italy.

Year 3

In the third year, you study a compulsory double module in which you write a Dissertation. In addition, you study four optional modules from a selection that includes:

• Advanced Macroeconomics
• Advanced Microeconomics
• Applied Econometrics
• Development Economics
• Environmental Economics and Policy
• Financial Theory and Corporate Policy
• History of Economic Thought
• Industrial Organisation
• International Economics
• Labour Economics
• Monetary Economics
• Public Economics
• Security Investment Analysis
• One module from another department.

Subject requirements, level and grade

In addition to satisfying the University’s general entry requirements, please note:

• For all Single and Joint Honours degrees involving Economics, including Philosophy, Politics and Economics, we require you to obtain a Grade A at A-level Mathematics or its equivalent. For students taking the IB we are happy to accept either Higher Level grade 6 or Standard Level grade 7.
• If an applicant is taking Mathematics and Further Mathematics, a further two subjects must be taken at A2-level. Applicants are encouraged to avoid studying both Economics and Business Studies A2-levels
• We do not accept Advanced Higher Statistics as a substitute for AH Mathematics. If you are taking both of these subjects at this level then a further two Advanced Highers are necessary.
• If you are studying for the IB Diploma please note that we do not accept Mathematical Studies at standard level instead of standard level Mathematics.
• We welcome applications from those with other qualifications equivalent to our standard entry requirements and from mature students with non-standard qualifications or who may have had a break in their study. Please contact our Admissions Selectors
• Mathematics at A-level or equivalent is required
• You are not required to have A-Level Economics, however for anyone taking this subject this will form part of the offer made to you
• We do not include General Studies or Critical Thinking as part of our offer
• If you do not satisfy our general entry requirements, the Foundation Centre offers multidisciplinary programmes to prepare you for a range of specified degree programmes
• We are willing to consider applications for deferred entry from those who have well-structured plans for work or travel, for example. We may, however, need to restrict the number of deferred entry offers we make because we have to be careful not to fill too many of next year’s places in advance. However, if you do apply for a deferred place and are unsuccessful, you are welcome to reapply the following year.

Preferred Tests:

a. IELTS: 6.5 (no component under 6.0)

b. TOEFL iBT (internet based test): 92 (no component under 23)

c. Cambridge Proficiency (CPE): Grade C

d. Cambridge Advanced (CAE): Grade A

e. Cambridge IGCSE First Language English at Grade C or above [not normally acceptable for students who require a Tier 4 student visa]

f. Cambridge IGCSE English as a Second Language at Grade B or above [not normally acceptable for students who require a Tier 4 student visa]

g. GCSE English Language at grade C or above

h. Pearson Test of English (overall score 62 (with no score less than 56 in each component))

Alternative accepted tests when those listed in a.-h. above are unavailable to the applicant (if the applicant requires a Tier 4 visa to study, advice on the suitability of these alternatives must be sought from the Student Recruitment and Admissions Office):

i. Certificate of Attainment (Edexcel)

j. GCE A-levels (AQA, CIE, Edexcel, CCEA, OCR, WJEC) at grade C or above in an essay based, humanities or social science subject from the following list: History, Philosophy, Government and Politics, English Language, English Literature, Geography, Religious Studies, Economics, Business Studies, Law and Sociology. Modern or Classical Languages are not acceptable in meeting this requirement.

k. International Baccalaureate with a minimum of grade 5 in Standard Level English or a minimum of grade 5 if taken at Higher Level.

l. NEAB (JMB) Test in English (Overseas)

m. Singapore Integrated Programme (SIPCAL) at grade C or above in an essay based, humanities or social science subject from the following list: History, Philosophy, Government and Politics, English Language, English Literature, Geography, Religious Studies, Economics, Business Studies, Law and Sociology. Modern or Classical Languages are not acceptable in meeting this requirement.

n. Singapore Polytechnic Diploma and Advanced Diplomas at GPA 3.0 or above

o. WAEC and NECO Grade B3 or above from Nigeria and Ghana

The financing of the Economics undergraduate program at Durham University primarily involves a combination of tuition fees paid by students, government funding through grants, and external financial aid options. Tuition fees vary depending on the student’s residency status. For Home (UK) students, the fees are set by the UK government and are typically around £9,250 per year for full-time undergraduate study. For International students, the fees are higher and can range up to approximately £22,500 per year, depending on the specific program and year of entry.

Durham University offers several scholarship opportunities aimed at supporting students financially. These include scholarships for excellence, regional awards, and bursaries for students from disadvantaged backgrounds. International students can also apply for specific global scholarships that help reduce tuition costs. Additionally, students are encouraged to explore government-backed student loan schemes, such as the UK Student Loans Company (SLC), which provide repayment options based on income levels after graduation.

The university also recommends that students consider external funding options, including sponsorship from organizations or family contributions. Durham University has established partnerships with various financial institutions and charitable organizations to facilitate access to financial aid programs.

Costs associated with the program extend beyond tuition fees and include expenses for accommodation, textbooks, and living expenses. These are generally financed by personal savings, family support, or part-time employment opportunities provided on or near campus. The university supports students in finding work opportunities through on-campus employment schemes and placements.

The university’s financial support policies are designed to ensure that students from diverse backgrounds have access to quality education without undue financial hardship. Financial aid packages are tailored individually, considering the student’s circumstances, academic merit, and demonstrated need. Students are advised to consult the university’s official website or financial aid office for detailed and updated information on available funding options, deadlines, and application procedures for the current academic year.

Economics at Durham University offers students a comprehensive understanding of the core principles of economic theory, policy, and analysis. The programme provides a strong foundation in microeconomics, macroeconomics, and quantitative methods, enabling graduates to analyse complex economic issues and develop practical solutions. Students have the opportunity to explore a wide range of topics such as international economics, development economics, financial economics, and behavioural economics, allowing for a broad and versatile education. The curriculum is designed to develop critical thinking, analytical skills, and a solid grasp of economic models and their real-world applications. Durham University’s Economics degree emphasizes not only theoretical understanding but also practical skills, including data analysis, econometrics, and policy evaluation, often through case studies and project work. The programme benefits from experienced faculty members who are active researchers in their fields, ensuring that students are exposed to the latest developments and debates within economics. The university also encourages international perspectives, and students may have opportunities for exchange programmes or internships, enhancing their global outlook and employability. Graduates of the Durham Economics programme usually pursue careers in finance, consultancy, governmental and non-governmental organizations, or continue with postgraduate studies. The university’s strong links with industry and government agencies provide valuable networking opportunities, further supporting students’ career development. The degree is structured to facilitate both academic excellence and practical skills, with options for specialisation in areas such as economic policy, quantitative economics, or finance, depending on student interests and career aspirations. Overall, Durham’s Economics programme aims to prepare students for diverse roles in the economy and society, equipping them with the analytical tools, theoretical knowledge, and practical experience necessary for successful careers or further academic pursuit.