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GL11 - Mathematics and Economics

Mathematics and Economics

BSc Honours

  • UCAS code: GL11
  • Full time
  • 3 years
  • Next start date: September 2020

The combination of economic theory and mathematical skills you gain on this degree will appeal to a wide range of employers.

Fees (per year)

  • UK/EU: £9250
  • International: £18600

Entry requirements

  • A Level: AAB-A*BB
  • IB: 34 points

UCAS Institution name and code:

  • NEWC / N21
Work placement opportunity

Course overview

As well as pure and applied mathematics, you learn probability and statistical techniques that help you understand economics theories and address economic problems.

In Economics you explore topics relating to Britain, Europe and the rest of the world, including:

  • economic analysis and applications
  • global economics
  • micro- and macro-economics

In Mathematics you develop a thorough grounding in topics and techniques such as:

  • differential equations
  • probability
  • statistics

This joint honours degree benefits from teaching from both Newcastle University Business School and our School of Mathematics, Statistics and Physics, making sure you get expert tuition in both topics. 

Quality and ranking

  • 11th in the UK for research – Research Excellence Framework 2014
  • top 200 – Business and Economics category – Times Higher Education World University Rankings by Subject 2018

Modules and learning

Modules

The information below is intended to provide an example of what you will study.

Most degrees are divided into stages. Each stage lasts for one academic year, and you'll complete modules totalling 120 credits by the end of each stage. 

Our teaching is informed by research, and course content changes periodically to reflect developments in the discipline, the requirements of external bodies and partners, student feedback, or numbers of students interested in an optional module.

Full details of the modules on offer will be published through the Programme Regulations and Specifications ahead of each academic year. This usually happens in May.

To find out more please see our terms and conditions.

We'll introduce you to the main economics issues that confront the British and European economies and help you to develop the skills needed for economic analysis. Alongside these modules, you'll study core topics in mathematics and statistics, including mathematical methods; analytic geometry and the foundations of differential equations; and modelling with differential equations.

We'll also introduce you to probability and statistics.

You'll develop your communication and study skills by working in small group tutorials to complete a guided research investigation in business.

Modules

Compulsory Modules Credits
Economic Analysis 20
Economic Applications 20
Introduction to Calculus 15
Introductory Algebra: Complex Numbers, Vectors and Matrices 15
Multivariable Calculus and Differential Equations 15
Introduction to Probability 15
Logic, Sets and Counting 10
Number Systems 10

You'll explore the theory behind demand and supply curves, and short-, medium- and long-run economic frameworks, through modules in micro- and macroeconomics. You may also choose linear modules as an optional module to focus on your career development.

Modules

Compulsory Modules Credits
Economic Modelling 20
Microeconomic Analysis 20
Macroeconomic Analysis 20
Introduction to Computing and Problem Solving 10
Numbers and Ciphers 10
Vector Calculus 10
Introduction to Statistical Inference 10
Optional Modules Credits
Differential Equations, Transforms and Waves 10
Fluid Dynamics 10
Introduction to Regression and Stochastic Modelling 10
Introduction to Bayesian methods 10

A wide range of optional economics modules will enable you to explore a broad variety of topics closely linked to ongoing research. These currently include advanced micro- and macroeconomics, monetary economics and financial economics. You may also choose linear models as an optional module to focus on your career development.

Modules

Compulsory Modules Credits
Advanced Microeconomics 20
Group Project 10
Optional Modules Credits
Advanced Macroeconomics 20
Labour Economics 20
Economics of Banking 10
Monetary Economics 10
Financial Economics 10
Game Theory 10
Differential Equations, Transforms and Waves 10
Fluid Dynamics 10
Introduction to Regression and Stochastic Modelling 10
Introduction to Bayesian methods 10
Methods for Differential Equations 10
Quantum Mechanics 10
Relativity and Cosmology 10
Classical Fields 10
Partial Differential Equations and Nonlinear Waves 10
Instabilities 10
Variational Methods and Lagrangian Dynamics 10
Applied Probability 10
Linear Models 10
Stochastic Financial Modelling 10
Generalized Linear Models 10
Experimental Design 10
Markov Processes 10
Time Series 10

Teaching and assessment

Teaching methods

Our degrees are taught through a combination of lectures, problem classes, tutorials, practical computer classes, computer-based assessments, and data collection and analysis.

Assessment methods

You'll be assessed through a combination of:

  • Assignments – written or fieldwork

  • Examinations – practical or online

Skills and experience

Business skills

Mastering two subjects together means you are well-prepared for the multidisciplinary challenges of the real world, developing the skills that employers value, such as:

  • time management
  • organisation
  • self-motivation

You'll receive careers support in the form of a career development module personally tailored to your professional development.

Chat to a student

We have a range of different sessions from lectures and problems classes to group meetings and computer labs, this stops uni work getting monotonous and boring.

Andrew, Mathematics student

Opportunities

Work placement

Get career ready with a work placement and leave as a confident professional in your field. You can apply to spend 9 to 12 months working in any organisation in the world, and receive University support from our dedicated team to secure your dream placement. Work placements take place between stages 2 and 3.

You'll gain first-hand experience of working in the sector, putting your learning into practice and developing your professional expertise.

If you choose to take a work placement, it will extend your degree by a year. Placements are subject to availability.

Find out more about work placements

Facilities and environment

Facilities

You'll have access to the facilities of both the School of Mathematics, Statistics and Physics based in the Herschel Building, and Newcastle University Business School, based in our state-of-the-art building within the Newcastle Helix development – Newcastle's emerging business district.

A state-of-the-art learning environment will support your studies and you'll have access to extensive IT facilities for teaching and self-study, including:

  • computer-based exercises with instant review of model solutions
  • problem-solving video tutorials
  • recording system for video capture of lectures, which you can download and watch again to help with your revision
Newcastle University Business School and St James' Park in the city centre

Support

You'll have the support of an academic member of staff as a personal tutor throughout your degree to help with academic and personal issues. There is a transition officer specifically to help your transition from school/college to university life.

Peer mentors will help you in your first year. They are fellow students who can help you settle in and answer any questions you have when starting university.

You'll also benefit from our:

  • induction programme, including social events, to help you settle in quickly
  • activities and events run by our student-run society, MathSoc
  • homework classes to help with assignments

Your future

Employers look favourably on students who can demonstrate their abilities in more than one field. As a graduate of Mathematics and Economics you'll have acquired the ability to research, evaluate and communicate information, alongside developing specialist subject knowledge, practical and technical skills.

You'll have a range of educational and career opportunities, especially if the skills you have developed during your degree have been further enhanced by work experience.

In the past, our graduates have entered careers in the business and financial sectors or specialised further in their area of expertise such as accountancy and psychology. Graduates who wish to pursue a career in teaching will find that they are suitably qualified to study for a PGCE in either discipline. Those graduates who enter employment outside their discipline find a flexible degree of this nature is highly valued in professions such as management, commerce and the civil service.

Employability at Newcastle

96% of Newcastle University graduates progressed to employment or further study within six months of graduating, with 85.5% in graduate-level employment or further study.

Take a look at the most recent data available for our graduates. See what they have gone on to achieve and be inspired to follow in their footsteps.

Statistics are based on what graduates were doing on a specific date, approximately six months after graduation (Destinations of (undergraduate and postgraduate UK domiciled) Leavers from Higher Education Survey 2016/17).

Make a difference

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Careers support

Our award-winning Careers Service is one of the largest and best in the country, and we have strong links with employers. We provide an extensive range of opportunities to all students through our ncl+ inititiative.

Visit our Careers Service website

Defence Technical Undergraduate Scheme

This degree is approved by DTUS, a Ministry of Defence sponsorship programme for students who wish to join the Royal Navy, British Army, RAF, or Defence Engineering and Science Group (DESG) as technical officers after graduation. 

Find out more about the Defence Technical Undergraduate Scheme

Entry requirements

All candidates are considered on an individual basis and we accept a broad range of qualifications. The entrance requirements below apply to 2020 entry.

A Level

AAB-A*BB

International Baccalaureate

34 points

Other UK qualifications (and PARTNERS)

Qualifications from outside the UK

English Language requirements

PARTNERS

Through our PARTNERS programme, you could receive an offer up to three grades lower than the typical requirements, and get support throughout the application process. To apply through PARTNERS, you must be based in the UK and meet our eligibility criteria. 

Find out more about PARTNERS

Entrance courses (INTO)

International Pathway Courses are specialist programmes designed for international students who want to study in the UK. We provide a range of study options for international students in partnership with INTO. 

Find out more about International Pathway Courses

Admissions policy

This policy applies to all undergraduate and postgraduate admissions at Newcastle University, including Newcastle University London. It is intended to provide information about our admissions policies and procedures to applicants and potential applicants, to their advisors and family members, and to staff of the University.

Tuition fees and scholarships

Tuition fees for 2020 entry (per year)

UK Students

£9250

International Students

£18600

The maximum fee that we are permitted to charge for UK students is set by the UK government.

As a general principle, you should expect the tuition fee to increase in each subsequent academic year of your course, subject to government regulations on fee increases and in line with inflation.

Read more about fees and funding

You will be charged tuition fees for each year of your degree programme (unless you are on a shorter exchange programme).

The tuition fee amount you will pay may increase slightly year on year as a result of inflation.

Read more about fees and funding

Year abroad and additional costs

For programmes where you can spend a year on a work placement or studying abroad, you will receive a significant fee reduction for that year. 

Some of our degrees involve additional costs which are not covered by your tuition fees.

Find out more about:

Scholarships

Find out more about:

Open days and events

How to apply

Apply through UCAS

To apply for undergraduate study at Newcastle University, you must use the online application system managed by the Universities and Colleges Admissions Service (UCAS). All UK schools and colleges, and a small number of EU and international establishments, are registered with UCAS. You will need:

  • the UCAS name and institution codes for Newcastle University (NEWC/N21)
  • the UCAS code for the course you want to apply for
  • the UCAS 'buzzword' for your school or college

If you are applying independently, or are applying from a school or college which is not registered to manage applications, you will still use the Apply system. You will not need a buzzword.

Apply through UCAS

Apply through an agent

International students often apply to us through an agent. Have a look at our recommended agents and get in touch with them.

Visit our International pages

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Get in touch

By Phone

Contact us on +44 (0) 191 208 3333. We're open 9.00 to 17.00 every week day except Wednesday (10.00 to 17.00).

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