Financial Economics (Including Foundation Year)

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Academic Year of Entry: 2024/25
Course overview
(BSc) Bachelor of Science
Financial Economics (Including Foundation Year)
University of Essex
University of Essex
Essex Pathways
Colchester Campus
Honours Degree
BSC L117


Professional accreditation


Admission criteria

UK and EU applicants:

All applications for degree courses with a foundation year (Year Zero) will be considered individually, whether you

  • think you might not have the grades to enter the first year of a degree course;
  • have non-traditional qualifications or experience (e.g. you haven’t studied A-levels or a BTEC);
  • are returning to university after some time away from education; or
  • are looking for more support during the transition into university study.

Standard offer:

Our standard offer is 72 UCAS tariff points from at least two full A-levels, or equivalent.

Examples of the above tariff may include:

  • A-levels: DDD
  • BTEC Level 3 Extended Diploma: MMP
  • T-levels: Pass with E in core

For this course all applicants must also hold GCSE Maths at grade C/4 or above (or equivalent). We may be able to consider a pass in OFQUAL regulated Level 2 Functional Skills Maths where you cannot meet the requirements for Maths at GCSE level. However, you are advised to try to retake GCSE Mathematics if possible as this will better prepare you for university study and future employment.

If you are unsure whether you meet the entry criteria, please get in touch for advice.

Mature applicants and non-traditional academic backgrounds:

We welcome applications from mature students (over 21) and students with non-traditional academic backgrounds (might not have gone on from school to take level 3 qualifications). We will consider your educational and employment history, along with your personal statement and reference, to gain a rounded view of your suitability for the course.

You will still need to meet our GCSE requirements.

International applicants:

Essex Pathways Department is unable to accept applications from international students. Foundation pathways for international students are available at the University of Essex International College and are delivered and awarded by Kaplan, in partnership with the University of Essex. Successful completion will enable you to progress to the relevant degree course at the University of Essex.

IELTS (International English Language Testing System) code

English language requirements for applicants whose first language is not English: IELTS 5.5 overall with a minimum of 5.5 in each component, or specified score in another equivalent test that we accept.

Details of English language requirements, including component scores, and the tests we accept for applicants who require a Student visa (excluding Nationals of Majority English Speaking Countries) can be found here

If we accept the English component of an international qualification it will be included in the academic levels listed above for the relevant countries.

English language shelf-life

Most English language qualifications have a validity period of 5 years. The validity period of Pearson Test of English, TOEFL and CBSE or CISCE English is 2 years.

If you require a Student visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

Pre-sessional English courses

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

Pending English language qualifications

You don’t need to achieve the required level before making your application, but it will be one of the conditions of your offer.

If you cannot find the qualification that you have achieved or are pending, then please email

Additional Notes

If you’re an international student, but do not meet the English language or academic requirements for direct admission to this degree, you could prepare and gain entry through a pathway course. Find out more about opportunities available to you at the University of Essex International College

Course qualifiers

A course qualifier is a bracketed addition to your course title to denote a specialisation or pathway that you have achieved via the completion of specific modules during your course. The specific module requirements for each qualifier title are noted below. Eligibility for any selected qualifier will be determined by the department and confirmed by the final year Board of Examiners. If the required modules are not successfully completed, your course title will remain as described above without any bracketed addition. Selection of a course qualifier is optional and student can register preferences or opt-out via Online Module Enrolment (eNROL).


Rules of assessment

Rules of assessment are the rules, principles and frameworks which the University uses to calculate your course progression and final results.

Additional notes


External examiners

Staff photo
Mr Teng Ge

External Examiners provide an independent overview of our courses, offering their expertise and help towards our continual improvement of course content, teaching, learning, and assessment. External Examiners are normally academics from other higher education institutions, but may be from the industry, business or the profession as appropriate for the course. They comment on how well courses align with national standards, and on how well the teaching, learning and assessment methods allow students to develop and demonstrate the relevant knowledge and skills needed to achieve their awards. External Examiners who are responsible for awards are key members of Boards of Examiners. These boards make decisions about student progression within their course and about whether students can receive their final award.

eNROL, the module enrolment system, is now open until Monday 21 October 2024 8:59AM, for students wishing to make changes to their module options.


Core You must take this module.
You must pass this module. No failure can be permitted.
Core with Options You can choose which module to study.
You must pass this module. No failure can be permitted.
Compulsory You must take this module.
There may be limited opportunities to continue on the course/be eligible for the degree if you fail.
Compulsory with Options You can choose which module to study.
There may be limited opportunities to continue on the course/be eligible for the degree if you fail.
Optional You can choose which module to study.
There may be limited opportunities to continue on the course/be eligible for the degree if you fail.

Year 0 - 2024/25

Component Number Module Code Module Title Status Min Credits Max Credits
01  IA124-3-FY-CO  Mathematics and Statistics for Economics and Business  Core  30  30 
02  IA191-3-FY-CO  Research and Academic Development Skills  Core  30  30 
03  IA130-3-FY-CO  Economic Foundations and Effective Management  Core  30  30 
04  IA137-3-FY-CO  Business Essentials: Accounting, Finance and Marketing  Core  30  30 

Year 1 - 2025/26

Component Number Module Code Module Title Status Min Credits Max Credits
01  EC111-4-FY-CO  Introduction to Economics  Core  30  30 
02    EC114-4-FY or (MA114-4-AU and MA108-4-SP)  Compulsory with Options  30  30 
03    EC115-4-FY or MA101-4-FY  Compulsory with Options  30  30 
04    Option(s) from list or Outside Option(s)  Optional  30  30 
05  EC123-4-FY-CO  Career Skills in Economics  Compulsory 

Year 2 - 2026/27

Component Number Module Code Module Title Status Min Credits Max Credits
01  EC201-5-FY-CO  Macroeconomics (Intermediate)  Compulsory  30  30 
02  EC202-5-FY-CO  Microeconomics (Intermediate)  Compulsory  30  30 
03  EC247-5-AU-CO  Financial Instruments and Capital Markets  Compulsory  15  15 
04  EC251-5-SP-CO  Mathematical Methods in Economics  Compulsory  15  15 
05  EC252-5-AU-CO  Introduction to Econometric Methods  Compulsory  15  15 
06    BE311-5-SP or option from list  Optional  15  15 
07  EC123-5-FY-CO  Career Skills in Economics  Compulsory 

Year 3 - 2027/28

Component Number Module Code Module Title Status Min Credits Max Credits
01  EC368-6-AU-CO  International Money and Finance  Compulsory  15  15 
02  EC371-6-AU-CO  Economic Analysis of Asset Prices  Compulsory  15  15 
03  EC372-6-SP-CO  Economics of Financial Markets and Intermediation  Compulsory  15  15 
04  EC831-6-FY-CO  Project: Economics  Compulsory  30  30 
05    Economics option from list  Optional  15  15 
06    Economics option(s) from list or outside option(s) (if not already taken in 2nd year)  Optional  30  30 
07  EC123-6-FY-CO  Career Skills in Economics  Compulsory 

Exit awards

A module is given one of the following statuses: 'core' – meaning it must be taken and passed; 'compulsory' – meaning it must be taken; or 'optional' – meaning that students can choose the module from a designated list. The rules of assessment may allow for limited condonement of fails in 'compulsory' or 'optional' modules, but 'core' modules cannot be failed. The status of the module may be different in any exit awards which are available for the course. Exam Boards will consider students' eligibility for an exit award if they fail the main award or do not complete their studies.

Programme aims

1. To equip students with the basic tools, methods and techniques needed to solve theoretical or applied problems.
2. To enable students to acquire a broad understanding of mathematics and statistics.
3. To provide students with the ability to assess problems logically and to approach them analytically.
4. To ensure that students from a wide range of educational backgrounds have a broad understanding of basic economics concepts, terminology and graphs.
5. To develop in students effective problem solving and decision making including identifying, formulating and solving economics problems.
6. To enable students to describe, explain and analyse at a basic level fundamental economics concepts in an exam situation.
7. To provide a solid foundation of knowledge about the workings of economic systems.
8. To provide students with the knowledge and skill base from which they can proceed to further studies in economics.
9. To develop in students the ability to construct logical arguments and to communicate arguments clearly.
10. To help students acquire and practise strategies for effective reading and for academic vocabulary development.
11. To provide opportunities for students to develop IT skills.
12. To train students in language awareness.
13. To encourage students to develop general study skills, particularly including the ability to learn independently using a variety of source materials.
14. To stimulate engagement and participation in the learning process.
15. To encourage students to become autonomous learners.

Learning outcomes and learning, teaching and assessment methods

On successful completion of the programme a graduate should demonstrate knowledge and skills as follows:

A: Knowledge and understanding

A1: Knowledge and understanding of the basic mathematical methods and techniques of pure mathematics, calculus and statistics that underpin further study of more advanced mathematical ideas

A2: Knowledge of the fundamental principles of economics

A3: Awareness of the sources of information

A4: Understanding of the nature and process of management and the theory that explains the management process

A5: Fundamental accounting concepts and principles

Learning methods

Lectures are the principal method of delivery for the concepts, knowledge and skills described in A1-A5.

Throughout the year the courses IA112, IA116, IA104 and IA106 introduce the basic concepts and develop them as the syllabi open out.

Constant references to textbooks, published lecture notes and other online material address all these outcomes, with particular reference to A3.

Classes and tutorials reinforce understanding of the academic principles, and develop A1 to A5.

Assessment methods

A1-A5 are assessed throughout the year with regular coursework assignments, tests and closed book examinations.

B: Intellectual and cognitive skills

B1: Understand a specific problem and choose the most appropriate methods and tools for its solution

B2: Be aware of the relative merits of a range of theories, techniques and tools needed to solve a problem or to present arguments and policies

B3: Synthesise and interpret information from a range of sources - lectures, classes, textbooks, the Web etc

B4: Evaluate the relative importance and relevance of different source material to specific areas of study

B5: Construct and present coherent and well reasoned descriptions and assessments of ideas in economics and management science

Learning methods

The basis for intellectual skills is provided by lectures, which are developed by classes and tutorials throughout the programme - (B1-B5).

Development of cognitive skills is achieved through classes and tutorials as well as the regular coursework assignments (B1-B5).

Students are provided with feedback, comments and suggestions on all assessed work to guide and enhance their intellectual development and to encourage the expansion of their cognitive skills (B2-B5).

Assessment methods

Development of intellectual and cognitive skills is assessed through coursework assignments (B2-B5), tests (B1) and closed-book examinations (B1, B2, B5).

C: Practical skills

C1: Apply an analytical and numerate approach to a problem

C2: Gather information from a variety of relevant sources

C3: Take notes and organise material

C4: Present economic, accounting and management ideas and arguments coherently in writing

C5: Use and apply basic terminology and concepts appropriate to the field of study

Learning methods

The practical skills of mathematics and statistics are introduced in the first term and developed in term two, with classes and coursework exercises addressing outcomes C1 and C3.

Development of C2, C3, C4 and C5 are encouraged throughout the programme during lectures and classes, and via online lecture notes.

C1, C2 and C5 skills are developed in the preparation of assignments for the relevant courses.

Assessment methods

Development of all practical skills is assessed directly and indirectly through coursework assignments, tests and closed-book examinations.

D: Key skills

D1: An ability to communicate both mathematical arguments and textual accounts of basic ideas and concepts in economics, mathematics, accounting and management

D2: An ability to use relevant software products for supporting learning, including the use of statistical packages for data analysis

D3: An ability to use basic mathematical techniques and to apply them to the analysis of statistical data and the solution of mathematical problems

D4: An ability to identify and find solutions to problems

D5: An ability to work with a group of fellow students and to contribute in a class and tutorial environment

D6: An ability to learn independently using a variety of media, including books, learned journals, the Internet, etc. An ability to use the most effective strategies for reading and vocabulary development

Learning methods

A broad range of key skills is developed at all levels throughout the programme and on all courses as part of the overall development of students‘ skills.

D1 to D3 are developed through lectures and classes.

Feedback on all coursework assignments reinforces D1, D2, D3 and D5.

D2 and D3 are reinforced by all the mathematical elements of the programme, and their associated weekly class exercises and assignments.

D4 and D5 are developed in classes and more particularly in tutorials, where feedback is most useful.

D4 is developed within the tutorial context.

D5 is addressed in class feedback of assignments and coursework, when marked work is returned and discussed.

Assessment methods

D1, D2 and D3 are assessed through coursework, assignments, tests and closed-book examinations.

D4 is assessed in classes where a team project is issued.

D5 is assessed by tutorial feedback from coursework assignments and the repeating of specific assignments.


The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.


If you are thinking of studying at Essex and have questions about the course, please contact Undergraduate Admissions by emailing, or Postgraduate Admissions by emailing

If you're a current student and have questions about your course or specific modules, please contact your department.

If you think there might be an error on this page, please contact the Course Records Team by emailing