Economics

Economics at University College London offers an intellectually rigorous and comprehensive understanding of the fundamental principles governing economies and the behavior of individuals, firms, and governments within the global market. This undergraduate program combines theoretical frameworks with practical analytical tools, enabling students to critically analyze economic issues, formulate informed policy recommendations, and develop a nuanced perspective on contemporary economic challenges. Through a diverse curriculum, students explore core areas such as microeconomics, macroeconomics, econometrics, and development economics, alongside specialised modules in finance, environmental economics, and international trade. The program emphasizes quantitative skills, data analysis, and modelling techniques, equipping graduates with the ability to interpret economic data and contribute effectively to policy and business environments. Students have access to cutting-edge research and resources provided by UCL's renowned Department of Economics, as well as opportunities for internships and placements to gain real-world experience. The academic environment fosters collaboration, critical thinking, and innovation, preparing students for careers in finance, consultancy, government, international organizations, or further academic study. With a focus on global economic issues, ethical considerations, and sustainability, the Economics program at UCL aims to develop well-rounded, analytical, and socially responsible graduates ready to address the complex economic challenges of the 21st century.

The programme aims to provide all students with a sound and worthwhile education in modern economics and econometrics, developing important transferable skills of problem-definition, analysis and self-motivation. Students will learn to use the formal tools that are necessary to understand and conduct cutting-edge research in both theoretical and applied economics.

Students undertake modules to the value of 180 credits.

The programme consists of four core modules (60 credits), four optional modules (60 credits) and a research dissertation (60 credits).

Core modules

• Microeconomics
• Macroeconomics
• Econometrics
• Research Methods

Optional modules

• At least two of the following advanced core modules:
• Advanced Macroeconomic Theory
• Advanced Microeconometrics
• Advanced Microeconomic Theory
• Time Series Econometrics
• Remaining applied options (taking the total to four) from a list including:
• Public Microeconomics
• Economics of Development
• The Economics of Migration
• Health Economics
• Programme Evaluation for Users
• Behavioural Economics
• Macroeconomic Policy
• Ethics in Welfare Economics
• Empirical Industrial Organisation
• Topics in Labour Economics
• Topics in Money and Finance
• Economics of Households
• Environmental Economics: Principle and Policy

Dissertation/report

The dissertation of 10,000 words will be a piece of lightly supervised research, including a brief critical review of the literature in the relevant area.

Teaching and learning

The programme is delivered through a combination of lectures, seminars, and practical and problem classes. The MSc degree is awarded on the basis of written, final examination papers and the research dissertation.

A minimum of an upper second-class Bachelor's degree in Economics with a significant quantitative component from a UK university, or an overseas qualification of an equivalent standard. Applicants with a qualification of an equivalent standard in another quantitative discipline, such as statistics, mathematics, engineering or physics, may also be considered.
Applicants whose undergraduate degree is from a university outside the UK must supply GRE scores. The quantitative GRE score must be 155 or above and the verbal score must be 150 or above (post-August 2011 scores).

Financing for the BSc Economics program at University College London is primarily provided through tuition fees paid by students, along with opportunities for financial aid and scholarships. Tuition fees vary depending on the student's residence status, with home students paying a lower fee compared to international students. For the academic year 2023-2024, the tuition fee for UK students is approximately £9,250 per year, while international students pay around £27,520 annually. UCL provides a range of scholarship programs aimed at supporting talented students, including the President’s Undergraduate Research Scholarship, which offers financial assistance linked to research projects, and the UCL Undergraduate Bursary, which can provide up to £3,000 per year for eligible students based on household income.

In addition to scholarships, students are encouraged to explore external funding sources such as government loans, particularly for UK residents, where Student Finance England offers maintenance and tuition fee loans, which are repayable after graduation, contingent upon income levels. International students may need to secure private funding or sponsorships, as access to government loans is limited outside the UK. The university also offers work-study opportunities, including part-time roles within the campus and its affiliates, allowing students to supplement their income while studying.

UCL’s Student Funding Office provides comprehensive advice on applying for financial support, managing tuition fees, and budgeting expenses during the course of study. Additionally, students can consider external scholarships provided by government agencies, private foundations, and multinational organizations supporting students in economics and related fields. Overall, financing an Economics program at UCL involves a combination of university-provided funding options, government support where applicable, private sponsorships, and personal financial planning to meet the costs of attendance.

Note: Exact figures and specific scholarships may vary yearly, and students are advised to consult the official UCL website or contact the university’s financial aid office for the most current and detailed information.

The BSc Economics program at University College London (UCL) is a comprehensive undergraduate degree designed to provide students with a solid foundation in economic theory, quantitative methods, and their applications to real-world issues. The program typically spans three years and aims to develop students' analytical and critical thinking skills, enabling them to understand and evaluate economic policies, market dynamics, and business strategies. Throughout the course, students explore various core areas such as microeconomics, macroeconomics, econometrics, and different specialized fields including development economics, financial economics, and environmental economics. UCL's Economics program emphasizes an empirical approach, integrating theoretical concepts with practical data analysis, which is essential for understanding complex economic phenomena.

Students have the opportunity to engage with a range of modules that allow for specialization in specific areas of interest, supported by UCL’s distinguished faculty and strong connections to industry and policymaking institutions. The program also encourages research projects, seminars, and workshops, fostering an environment for academic inquiry and professional development. UCL's location in London provides students with access to numerous economic institutions, financial markets, and policy organizations, offering valuable networking opportunities and potential placements.

Graduates of the BSc Economics at UCL are well-prepared for careers in finance, consulting, public policy, international organizations, or further postgraduate study. The program's curriculum is regularly reviewed to keep pace with current economic challenges and advancements in methodology. Overall, UCL's commitment to excellence ensures that students receive an education that combines rigorous academic training with practical application, preparing them for successful careers in various economic sectors or for academic pursuits at the postgraduate level.