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L100 - Economics

Economics

BSc Honours

  • UCAS code: L100
  • Full time
  • 3 years
  • Next start date: September 2022
Year :

This economics degree will prepare you for a career in this globally relevant field, with skills valued by employers and a thorough knowledge of modern and international economics.

Fees (per year)

  • Home: £9250
  • International: £20400

Entry requirements

  • A Level: AAB
  • IB: 35 points

UCAS Institution name and code:

  • NEWC / N21
Work placement opportunity Study abroad opportunity

Course overview

This Economics BSc Honours degree has real-world relevance and focuses on developing your quantitative skills, as well as a thorough understanding of global economics, so you leave University a sought-after graduate.

You will focus on the fundamental concepts, analytical tools and quantitative techniques that are essential to understand modern economics.

You'll gain an in-depth knowledge of economics in Britain, Europe, and the rest of the world, studying theory and policy with topics such as:

  • the global economy
  • micro and macro-economic analysis
  • economic modelling

You'll become a confident economics expert, able to identify problems, predict outcomes and evaluate policies, using skills that are highly valued by professionals and industry experts, and ready to pursue your career in economics.

Your course during COVID-19
Please rest assured we make all reasonable efforts to provide you with the programmes, services and facilities described. However, it may be necessary to make changes due to significant disruption.

Given the changing nature of the COVID-19 pandemic, the commitments outlined are subject to guidelines that may be in place from time to time.

View our COVID-19 Study page, which gives information about your Newcastle University study experience for the academic year 2022-23.

See our terms and conditions and student complaints information

Quality and ranking

  • Top 125 for Business and Economics – Times Higher Education World University Rankings by Subject 2022
  • Top 200 for Economics and Econometrics - QS World University Rankings by Subject 2022
  • 1st in the UK and 8th in the world for sustainable development – Times Higher Education Impact Rankings 2022
  • 65% increase in research power since 2014 – Research Excellence Framework 2021
  • 42% of our research is classified as 4* world-leading research – Research Excellence Framework 2021
  • Global Top 125 University - QS World University Rankings 2023

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. Course content may change periodically to reflect developments in the discipline, the requirements of external bodies and partners, and student feedback.

Optional module availability
Student demand for optional modules may affect availability.

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.

You will be introduced to the main economic issues that confront the British, European and world economies, as well as core economic topics within micro and macroeconomics.

You'll be introduced to key mathematical and statistical techniques used in economic analysis, and develop a variety of IT and quantitative skills, which will be of use both within and beyond your degree.

Modules

Compulsory Modules Credits
Statistical Methods for Economics 20
Mathematics for Economics 20
Economic History 20
Economic Analysis 30
Economic Applications 10
Academic Tutoring 0
Optional Modules Credits
Introduction to Accounting and Finance (for Business School Students) 20
Introduction to Management and Organisation 20
Introduction to Marketing 20

You will build on your knowledge and skills with modules in macroeconomics, microeconomics and econometric analysis, giving you a deeper insight into methods used by economists to analyse the modern economy.

A module in applied economics engages you in group work and develops key skills, such as the ability to present and defend arguments on topical economic issues.

Your remaining topics are optional and cover areas such as international economics, European economics and mathematical economics.

Modules

Compulsory Modules Credits
Econometric Analysis 20
Applied Economics 10
Microeconomic Analysis 30
Macroeconomic Analysis 30
Optional Modules Credits
International Economics 10
Economics of Regulation 10
Economic Evaluation and Investment 20
Groningen Economics Exchange 120
Mathematical Economics 10
Python Programming for Economists 10
British Economic History, 1780-1979 10
Ecological Economics 10

Two compulsory modules in advanced economic theory are complemented by a choice of optional topics including: labour economics; behavioural economics; advanced econometric analysis; public economics; financial economics; industrial economics; and health economics.

You may also complete a dissertation, giving you the chance to undertake original research and apply your economic knowledge to a topic of particular interest to you.

Modules

Compulsory Modules Credits
Advanced Microeconomics 20
Advanced Macroeconomics 20
Optional Modules 

EITHER  

A 40 credit dissertation consisting of:  

Advanced Econometric Analysis (10 credits)  

OR 

Advanced Time Series Econometrics (10 credits)  

  

Dissertation Part 1 (10 credits)  

Dissertation Part 2- Independent Research Project (20 credits)  

Plus 40 credits from the list below. 

  

OR 

80 credits from the list below:  

Labour Economics (20 credits) 

Behavioural Economics and Experimental Methods (20 credits) 

Economics of Banking (10 credits)  

Advanced Time Series Econometrics (10 credits)  

Monetary Economics (10 credits)  

Public Economics (20 credits) 

Advanced Time Series Econometrics (10 credits)  

Financial Economics (10 credits)  

Economics of Risk and Uncertainty (10 credits)  

Health Economics (10 credits)  

Industrial Economics and Policy (20 credits)  

Game Theory (10 credits)  

Development Economics (20 credits)  

Environmental Economics (10 credits) 

Teaching and assessment

Teaching methods

Your modules are taught via lectures and seminars.

Assessment methods

You'll be assessed through a combination of:

  • Dissertation or research project

  • Essays

  • Examinations – practical or online

  • Reports

Skills and experience

Research skills

You have the opportunity to undertake an independent research project in your final year, which allows you to apply the tools of economic analysis you've learned throughout your degree.

You'll apply your economic knowledge to an area you're particularly interested in, gaining a grasp of cutting-edge research methods in economics, under the supervision of a University member of staff.

Opportunities

Work placement

Get career ready with a work placement and leave as a confident professional in your field. You can choose to spend 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.

Our current placement students are in roles such as:

  • consulting intern
  • associate
  • management trainee
  • customer analyst
  • research assistant

They are working on the following projects:

  • assisting with bespoke economic consultancy projects at Oxford Economics
  • providing internal and external audit services to a variety of clients at PwC
  • aiding innovation through research and application of solutions for clients at Deloitte

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

Study abroad

Experience life in another country by choosing to study abroad as part of your degree. You’ll be encouraged to embrace fun and challenging experiences, make connections with new communities and graduate as a globally aware professional, ready for your future.

You may choose to spend a year abroad as part of your degree in one of our partner institutions.

Alternatively, you may apply to spend Stage 2 studying economics at the University of Groningen in the Netherlands for a year.

Find out more about study abroad

Facilities and environment

Facilities

This degree is run by our triple-accredited (AACSB, EQUIS, AMBA) Newcastle University Business School, based in our state-of-the-art building within the Newcastle Helix development – Newcastle's emerging business district.

You’ll benefit from a world-class business education and leave as a socially responsible graduate, ready to challenge conventional business thinking.

Find out more about Newcastle University Business School and our facilities

Support

Each degree offers you a stimulating curriculum and a supportive teaching and learning environment.

You will have an academic member of staff as a personal tutor throughout your degree. They can help with academic and personal issues.

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.

Your future

Join a network of successful graduates

Our economics graduates are highly employable when they graduate from Newcastle University.

Our graduates took on roles within economics and finance sectors, with organisations such as:

  • KPMG
  • the Financial Conduct Authority
  • Deloitte
  • Santander
  • Hargreaves Lansdown
  • Department for Work and Pensions
  • Goldman Sachs

Economics careers

Economics graduates are highly employable. As well as a specific understanding of the subject, they have excellent numeracy, analysis and communication skills.

Graduate destinations vary widely in terms of the range of roles, employers, and sectors.

Whilst only a few economics graduates may be expected to become professional economists, many find it an excellent base for entry into a rewarding career in finance – including accounting, insurance, tax and banking, or management.

Make a difference

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Careers support

You'll have access to a wealth of resources and support to enhance your employability, including:

  • the annual Future Focus: Careers Conference, tailored to different industry areas
  • interwoven employability provision
  • access to a dedicated placement officer within the Business School who can help you find a work placement in your area of interest
  • specialist careers and business start-up support from the University's award-winning Careers Service and the Business School's careers consultants
  • career management sessions with a careers consultant
  • work experience opportunities while studying with us
  • Business School summer internship scheme

We're also one of 140 business schools worldwide to be accredited by the EQUIS scheme for our managerial and entrepreneurial skills development.

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+ initiative.

Visit our Careers Service website

Recognition of professional qualifications outside of the UK

From 1 January 2021 there is an update to the way professional qualifications are recognised by countries outside of the UK

Entry requirements

All candidates are considered on an individual basis and we accept a broad range of qualifications. The entrance requirements below apply to 2022 entry.

A Level

AAB

International Baccalaureate

35 points

Other UK and the Republic of Ireland qualifications

(This includes PARTNERS)

Qualifications from outside the UK

English Language requirements

Contextual offers

Through one of our contextual routes, you could receive an offer of up to three grades lower than the typical requirements.

Find out more and if you’re eligible for a contextual offer or our PARTNERS Programme supported entry route

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. 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 2022 entry (per year)

Home Fee Students

£9250

International Fee Students

£20400

The maximum fee that we are permitted to charge for home fee-paying 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

Depending on your residency history, if you’re a student from the EU, other EEA or a Swiss national, with settled or pre-settled status under the EU Settlement Scheme, you’ll normally pay the ‘Home’ tuition fee rate and may be eligible for Student Finance England support.

EU students without settled or pre-settled status will normally be charged fees at the ‘International’ rate and will not be eligible for Student Finance England support.

If you are unsure of your fee status, check out the latest guidance here.

Read more about fees and funding

Scholarships

We support our EU and international students by providing a generous range of Vice-Chancellor's automatic and merit-based scholarships. See our undergraduate scholarship page for more information.

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

Get in touch

By phone

Call us on +44 (0) 191 208 3333 and press option 1. Our opening hours are Monday to Friday 10am until 4pm.

Live chat

Our Ncl chatbot might be able to give you an answer straight away. If not, it’ll direct you to someone who can help.

You'll find our Ncl chatbot in the bottom right of this page.

Online

Fill in our enquiry form

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