BSc Mathematical Economics and Statistics

Program Overview

The BSc Mathematical Economics and Statistics program at the University of Birmingham combines rigorous training in economics and statistics, empowering graduates with expertise in real-world problem-solving. Students acquire analytical and data analysis skills, preparing them for careers in finance, government, research, consulting, and various other industries. TripleCrown Accreditation and a strong employer reputation enhance the program's value, providing graduates with excellent employment prospects.

Program Outline

Degree Overview:

The BSc Mathematical Economics and Statistics program at the University of Birmingham is designed to meet the growing demand for graduates with a strong foundation in both economics and statistics. The program aims to equip students with the skills and knowledge necessary to apply their expertise to real-world problems in various industries, professions, and public bodies. The program emphasizes the integration of economics and statistics, providing students with a rigorous grounding in both disciplines. It highlights developments in modern economic and social theory and incorporates the use of mathematical and statistical tools for analyzing economic and social issues. The program's objective is to produce graduates with a professional training in economics, coupled with advanced technical and quantitative skills. These graduates will be equipped to communicate their knowledge effectively and apply it to a wide range of social science concepts and problems.

Outline:

The BSc Mathematical Economics and Statistics program is structured over three years, with the option to extend it to four years by including a placement year.

First Year:

• Core Modules:
• Principles of Economics
• Mathematics for Economics
• Applied Economics and Statistics
• The Global Economy
• Contemporary Economic Challenges A
• Contemporary Economic Challenges B
• Professional and Academic Skills Development for Economists A
• Professional and Academic Skills Development for Economists B

Second Year:

• Core Modules:
• Econometrics
• Macroeconomics
• Microeconomics
• Mathematical Methods for Economics
• Mathematical Methods for Statistics and Econometrics
• Optional Modules:
• Students choose one module from the following list:
• Behavioural and Experimental Economics
• Financial Markets and Institutions
• Development Economics
• Environmental Economics
• China and the World Economy
• Contemporary Issues in the UK Economy

Third Year:

• Core Modules:
• Economics Dissertation
• Advanced Econometrics: Theory and Applications
• At least one module from the following:
• Advanced Macroeconomics
• Advanced Microeconomics
• Optional Modules:
• Students choose two modules from the following list if taking one of the Advanced Macroeconomics or Advanced Microeconomics modules.
If taking both, they choose one module from the list.
• Advanced Financial Markets and Institutions
• Decision Theory and Games
• Industrial Organisation
• History of Economic Thought
• International Trade Theory and Policy
• Monetary Policy and Dynamic Macroeconomics
• Public Economics
• Health Economics
• Economics of the European Union
• The Political Economy of Russia
• Professional Development

Placement Year:

• Students can apply for a placement year during their second year and undertake a year-long placement during their third year.
• Successful placement candidates will be moved to the four-year BSc Mathematical Economics and Statistics with Placement Year degree.

Assessment:

Modules are assessed through a combination of exams, tests, and coursework. The specific mix of assessment methods will vary depending on the modules chosen.

Teaching:

The program utilizes a combination of lectures and tutorials. Lecturers employ innovative teaching techniques whenever possible.

Careers:

Graduates of the BSc Mathematical Economics and Statistics program are well-prepared for a variety of careers in fields such as:

• Financial Services: Financial analysts, investment bankers, actuaries, risk managers
• Government and Public Sector: Economists, statisticians, policy analysts
• Research and Academia: Research assistants, academics
• Consulting: Management consultants, data analysts
• Other Industries: Graduates can also apply their skills to various other industries, including marketing, healthcare, and technology.
• The University of Birmingham is ranked 17th in the Complete University Guide for its Economics courses.
• The program is TripleCrown Accredited by AACSB, AMBA, and EQUIS.
• The University of Birmingham is the most targeted university of top UK employers (High Fliers Research 2024).
• The program is supported by the Birmingham Business School, which provides students with access to extensive welfare services, mentoring programs, student societies, and more.
• The University offers career advice through its award-winning Careers Network.
• Students have the opportunity to participate in the Capgemini Community Challenge, a unique consultancy training experience.