Economics and Finance BSc Honours

Course overview

This Economics and Finance BSc Honours degree focuses on developing your understanding of modern economics and key finance topics. You'll gain the skills that are critical to succeed in the finance and economics sectors.

Studying a combination of topics across economics and finance, you'll possess in-depth knowledge in areas such as:

• corporate finance
• international financial management
• financial economics
• economic modelling
• micro and macroeconomic theory

You'll graduate from Newcastle University as a confident economics and finance expert. You'll have an appreciation of how the finance sector and the economy interact, and will be ready to take on challenging roles in these sectors.

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Your course and study experience - disclaimers and terms and conditions  
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, for example in response to Covid-19.

View our Academic experience 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, which gives details of circumstances that may lead to changes to programmes, modules or University services.

Quality and ranking

Professional accreditation and recognition

All professional accreditations are reviewed regularly by their professional body.

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.

Featured module

ECO3018: Financial Economics

In this module you'll develop an understanding of tasks facing participants in the bond and stock markets. You'll also get an introduction to the Efficient Markets debate and the practical side of financial market risk management.

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'll develop your understanding of core economics topics within micro and macroeconomics. You'll learn about the principles of accounting and finance.

You'll be introduced to mathematical and statistical techniques. You'll also develop a variety of IT and quantitative skills.

Modules

Compulsory Modules	Credits
Introduction to Financial Accounting	20
Introduction to Management Accounting and Finance	20
Statistical Methods for Economics	20
Mathematics for Economics	20
Economic Analysis	30
Economic Applications	10
Academic Tutoring	0

You'll deepen your insight into the methods used by economists to understand the workings of the modern economy. You'll learn about the relationship between the government and the financial sector. You'll also take higher-level modules in microeconomics and macroeconomics.

The econometrics module will give you the ability to interpret and evaluate the results of applied research in economics and finance.

You will also study topics in corporate finance. You'll raise your awareness of financial issues in the business environment such as asset pricing and dividend policy.

Modules

Compulsory Modules	Credits
Responsible Corporate Finance	20
Econometric Analysis	20
Microeconomic Analysis	30
Macroeconomic Analysis	30

Optional Modules	Credits
Financial Control	20
Intermediate Financial Accounting	20
International Economics	10
Economics of Regulation	10
Economic Evaluation and Investment	20
Applied Economics	10
Groningen Economics Exchange	120
Mathematical Economics	10
Python Programming for Economists	10
British Economic History, 1780-1979	10
Ecological Economics and Policy	10

You'll take modules in advanced micro and macroeconomic theory. You'll also learn about financial economics and international financial management.

You'll have the chance to undertake original research and apply your economic knowledge to a topic of interest to you. You may also complete a dissertation and pursue a topic of original research.

Modules

Compulsory Modules	Credits
International Financial Management	20
Advanced Microeconomics	20
Advanced Macroeconomics	20
Financial Economics	10

Optional Modules	Credits
Financial Accounting	20
Management Accounting	20
Issues in Behavioural Finance	20
Derivative Markets	20
Taxation in Accounting	20
Labour Economics	20
Behavioural Economics and Experimental Methods	20
Economics of Banking	10
Advanced Econometric Analysis	10
Monetary Economics	10
Public Economics	20
Advanced Time Series Econometrics	10
Dissertation Part 1	10
Economics of Risk and Uncertainty	10
Health Economics	10
Industrial Economics and Policy	20
Dissertation Part 2- Independent Research Project	20
Game Theory	10
Development Economics	20
Microeconometrics	10
Environmental Economics	10

You either study a 40-credit dissertation that includes:

Advanced Econometric Analysis  OR Advanced Time Series Econometrics . You also take Dissertation Part 1 , Dissertation Part 2- Independent Research Project and 10 credits from the remaining optional modules list above. 

 

Or you take 50 credits of optional modules, excluding the dissertation modules.

Information about these graphs

We base these figures and graphs on the most up-to-date information available to us. They are based on the modules chosen by our students in 2020-21.

Teaching time is made up of:

• scheduled learning and teaching activities. These are timetabled activities with a member of staff present
• structured guided learning. These are activities developed by staff to support engagement with module learning. Students or groups of students undertake these activities without direct staff participation or supervision

Teaching and assessment

Teaching methods

Your modules are taught via lectures and seminars.

Assessment methods

You'll be assessed through a combination of:

• 

  Assessments

• 

  Dissertation or research project

• 

  Essays

• 

  Examinations – practical or online

• 

  Projects

Skills and experience

Research skills

You have the opportunity to undertake an independent research project in your final year. This 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. You'll gain 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:

• finance intern
• finance analyst
• business operations intern

They are working on the following projects:

• preparing VAT packs for legal entities which operate within Romania and Germany at P&G
• producing a new mechanism for tracking internal investment projects internationally at AMEX
• responsible for tracking brand marketing expenses for consumer products at Johnson & Johnson

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

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

Your future

Join a network of successful graduates

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

They take on roles within the economics and finance sectors, with organisations such as:

• Deloitte
• KPMG
• Royal Bank of Scotland
• Jaguar Land Rover
• Panmure Gordon & Co
• Assurant

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

Tuition fees and scholarships

Tuition fees for 2023 entry (per year)

Qualification: BSc Honours
Home students full time 3 years	Tuition fees (per year) 9250
International students full time 3 years	Tuition fees (per year) 21600

Home Fee Students

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

International Fee Students

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:

• different tuition fees
• additional costs

Scholarships

Find out more about:

• scholarships for UK, EU and international students
• Student Loans and Government financial support for UK and EU students

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