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Economics with Mathematics

Course overview

(BSc) Bachelor of Science
Economics with Mathematics
Current
University of Essex
University of Essex
Economics
Colchester Campus
Honours Degree
Full-time
Economics
Mathematics, Statistics and Operational Research
BSC L1G1
http://www.essex.ac.uk/students/exams-and-coursework/ppg/ug/default.aspx
15/04/2017

A-levels: BBB, including Mathematics
Please note we are unable to accept A-level Use of Mathematics in place of A-level Mathematics

IB: 30 points, including Higher Level Mathematics grade 5. We are also happy to consider a combination of separate IB Diploma Programmes at both Higher and Standard Level.

Exact offer levels will vary depending on the range of subjects being taken at higher and standard level, and the course applied for. Please contact the Undergraduate Admissions Office for more information.

English language requirements for applicants whose first language is not English: IELTS 6.0 overall. Different requirements apply for second year entry, and specified component grades are also required for applicants who require a Tier 4 visa to study in the UK.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels listed above. Please note that date restrictions may apply to some English language qualifications

If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

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.

External Examiners

Dr Hui Pan
Coventry University
Senior Lecturer

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.

Key

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
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
Optional You can choose which module to study

Year 1 - 2019/20

Component Number Module Code Module Title Status Credits
01 EC111-4-FY Introduction to Economics Core 30
02 MA101-4-FY Calculus Core 30
03 MA114-4-AU Matrices and Complex Numbers Core 15
04 MA108-4-SP Statistics I Core 15
05 Option(s) from list or Outside Option(s) Optional 30
06 EC123-4-FY Career Skills in Economics Compulsory 0

Year 2 - 2020/21

Component Number Module Code Module Title Status Credits
01 EC201-5-FY Macroeconomics (Intermediate) Compulsory 30
02 EC202-5-FY Microeconomics (Intermediate) Compulsory 30
03 EC251-5-SP or MA210-5-SP or MA209-5-SP Compulsory with Options 15
04 EC252-5-AU Introduction to Econometric Methods Compulsory 15
05 MA205-5-SP Optimisation (Linear Programming) Compulsory 15
06 MA202-5-SP Ordinary Differential Equations Compulsory 15
07 EC123-5-FY Career Skills in Economics Compulsory 0

Year 3 - 2021/22

Component Number Module Code Module Title Status Credits
01 EC831-6-FY Project: Economics Compulsory 30
02 Final year Economics option from list Optional 15
03 Final year Economics option(s) from list Optional 30
04 Final year Mathematics option(s) from list Optional 30
05 Economics or Mathematics option from list Optional 15
06 EC123-6-FY Career Skills in Economics Compulsory 0

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

The main learning and teaching aims are:

To provide students with an academic training in the principles of economics.

To equip students with the tools of quantitative methods needed to solve theoretical or applied economic problems.

To provide students with knowledge of mathematical ideas underlying the quantitative methods of economics.

To foster in students an appreciation of the appropriate level of abstraction and simplification needed to explore a range of economic issues.

To encourage in students the acquisition of autonomous study skills and the adoption of an investigative approach to tackle economic problems.

To develop in students the ability to construct logical arguments, to communicate arguments clearly in writing, and to appreciate, evaluate and respond to potentially conflicting interpretations of economic phenomena.

To allow students, through the study of economics, to acquire critical, analytical and research skills, problem-solving skills, and transferable skills.

To provide students with a foundation for further studies in economics and allied disciplines.

The outcomes detailed in this section represent the minimum that might be expected of a graduate of the Department of Economics at the University of Essex.

The Department anticipates and intends that the vast majority of economics graduates will accomplish significantly more.

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 of the fundamental principles of economics, including microeconomics and macroeconomics.
A2 Understanding of the application of economic reasoning to the study of relevant problems and policies.
A3 Understanding of the mathematical methods needed to articulate economic theories.
A4 Awareness of the sources of economic information and/or knowledge and understanding of sources available for historical research.
A5 Knowledge of econometric methods and an awareness of how they are applied in the analysis and evaluation of economic issues.
A6 Familiarity with mathematical techniques that serve to underpin economic theory.
Learning Methods: Lectures are the principal method of delivery for the principles, concepts and arguments in A1-A6.

Students are also assigned readings from textbooks, academic journal papers, unpublished research papers and on-line resources.

Students' understanding is reinforced by classes, especially for outcomes A1, A2, A3, A5, A6.

Laboratory sessions are provided to support learning of econometric methods (A5).
Individual supervision of the final year project provides additional support especially for outcome A4, and reinforces A2, A3, A5.
Assessment Methods: Achievement of knowledge and understanding is assessed through marked assignments (A1, A2), tests (A1, A2, A3, A5), term papers (A1, A2, A4), project work (A1-A5) and unseen closed-book examinations (A1, A2, A3, A5, A6).

Learning outcomes A2, A4 are assessed by tests and unseen closed-book examinations.
Learning outcome A4 is assessed especially via term papers (in second year and final year economics courses) and the final year project.

B: Intellectual and cognitive skills

B1 Analyse a specified problem and choose the most suitable methods for its solution.
B2 Assess the relative merits of a range of theories, techniques and tools needed to articulate arguments and policies.
B3 Synthesise and interpret information from a range of sources (lectures, classes, journals, books, etc.) developing a critical evaluation of the importance and relevance of the sources to an area of study.
B4 Construct reasoned, informed and concise descriptions and assessments of economic ideas.
Learning Methods: Students' acquisition of intellectual and cognitive skills, B1-B4, is enabled primarily through lectures and further sustained via classes.

Outcome B1 is developed particularly in exercises designed for core economic theory, mathematical methods and quantitative methods classes.

Outcomes B2, B3 and B4 are key elements in students' preparation for assignments.

Individual project supervision and guidance for term paper study are especially important in providing opportunities for students to acquire B2, B3 and B4.
Assessment Methods: Achievement of intellectual/cognitive skills is assessed through marked assignments (especially B1 and B3), tests (especially B1), term papers (especially B2, B3, B4), project work (especially B2, B3 and B4) and unseen closed-book examinations (especially B1, B2 and B4).

C: Practical skills

C1 Identify, select and gather information, using the relevant sources.
C2 Organise ideas in a systematic way.
C3 Present economic and/or historical ideas and arguments coherently in writing.
C4 Use and apply economic terminology and concepts.
Learning Methods: Skill C1 is developed via directed reading from textbooks and academic journal articles together with searches for online materials.

Skill C2 is acquired during lectures and classes, and as a consequence of studying course materials.

Skill C3 is articulated in the preparation of assignments and term papers.

Skill C4 is developed in classes and is emphasised in the preparation of assignments, term papers and projects.
Assessment Methods: Achievement of practical skills C1, C3 and C4 is assessed directly through marked assignments, tests, term papers, project work and unseen closed-book examinations.

Skill C2 is assessed indirectly via assignments, term papers, projects and final examinations.

D: Key skills

D1 Communication in writing, using appropriate terminology and technical language: (a) the articulation of economic theories, (b) the description of economic evidence, (c) the critical assessment of economic arguments and policies
D2 Not assessed in this programme.
D3 Understanding of quantitative methods, an awareness of the contexts in which the methods are relevant and a knowledge of how they are applied in practice to analyse economic data.
D4 Understanding of how mathematical and economic reasoning is used to address problems involving opportunity cost, incentives, households' and firms' decision-making, strategic thinking, expectations and market outcomes in equilibrium and disequilibrium.
D5 Not assessed in this programme.
D6 Capacity to: (a) organise and implement a plan of independent study; (b) reflect on his or her own learning experience and adapt in response to feedback; and (c) recognise when he or she needs to learn more and appreciate the role of additional research
Learning Methods: Students are guided in lectures, classes and individual advice from teachers in acquiring skills D1, D3, D4, D6.

Skills D3 and D4 are reinforced through the quantitative methods sequence of courses at the elementary and intermediate levels, together with courses in theoretical and applied economics and in mathematics.

Skill D6 is enhanced as students reflect upon the knowledge they need when researching term papers and their final year projects.

Only minimal formally assessed requirements for the completion of the programme are listed here.

In reality, the overwhelming majority of economics students acquire a much broader range of key skills, and at greater depth, in ways that are integrated seamlessly throughout their studies of the subject.
Assessment Methods: Skills D1 and D4 are assessed through marked assignments, tests, term papers, projects and unseen closed-book examinations.

Skill D3 is assessed particularly through tests and unseen closed-book examinations.

Skill D6 is assessed indirectly through students' capacity to construct submitted work (assignments, term papers and projects for which feedback is given) and their study plans for unseen tests and examinations.


Note

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.

Should you have any questions about programme specifications, please contact Course Records, Quality and Academic Development; email: crt@essex.ac.uk.