Our BSc Economics with an integrated foundation year (4 years) combines a three-year degree in Economics with a bespoke foundation year, providing a smooth pathway for international and EU students not currently eligible for entry to a three-year degree programme. The content and teaching in the foundation year (year one) helps you to build the skills you will need to prepare for the remainder of the programme. The second and third years cover a core of macroeconomics, microeconomics and the quantitative techniques used in economic analysis and investigation. Final-year options enable you to apply this core knowledge to a variety of more specialised areas in economics and finance.
Our degree is about the real world: about how people respond to incentives, and the production and allocation of resources. Think how many news items involve economics: the global recession, tax, interest rates, prices, and the job market.
There are two major strands in our economics degree: Microeconomics which looks at the individual firm and consumer, attempting to understand their behaviour and motivations, and; Macroeconomics which focuses on the economy as a whole, covering major themes like taxation, investment and inflation.
You will receive professional training in economics, providing an excellent basis for employment in the private or public sector and for further academic study.
Why study an Economics degree at Queen Mary?
The quality of teaching and research within the School of Economics and Finance at Queen Mary has been widely acknowledged. In the 2017 National Student Survey (NSS) we were ranked number 1 in London for student experience. In terms of Research, Economics at Queen Mary has been ranked 10th in the UK for research power in the latest Research Excellence Framework (REF 2014). We are a young and international School with staff from all over Europe and beyond, who have links to important institutions in the City and further afield.
You will be able to choose from a wide range of study options and benefit from a varied programme of visiting speakers. Our established exchange programme allows you to spend either a year in the USA, Australia, Singapore or China or a semester through the Erasmus scheme either in Italy or Spain.
The School offers excellent resources to our undergraduate students. Our students have the exclusive use of two computer labs and ten Bloomberg terminals which give students access to the latest financial software used in the banking and finance industry. We also subscribe to the major statistical databases, and software packages such as those used by economists in finance or in government for data analysis and simulation.
Every year the School of Economics and Finance organises various guest speaker lectures. So, you will be able to attend a varied programme of lectures and talks. Some of the invited speakers in the past include Mark Carney, Silvana Tenreyro, Tim Harford, John Roemer, Lord Meghnad Desai, Charles Goodhart, Rt Hon Roy Hattersley, Dan Corry, Robert Peston, Scott Page, Frank Allen, Lord Sebastian Coe, Richard Lipsey, Richard Layard, and Sanjeev Goyal.
You can choose to apply for this degree with an additional academic year abroad. We have links with universities around the world, including Europe, North America, Australia, and Asia (specific partnerships for each degree programme may vary). Studying abroad is an excellent way to grow in confidence and broaden your outlook on life by experiencing another culture, while making friends and having fun. When you return to QMUL after this experience, you will have a new perspective on life for your final year and will be awarded the ‘with study abroad’ variant in your degree title, which will help you stand out to employers.
Year 1, students take the following six modules:
English Language and Study Skills
Independent Study Project
Pure Mathematics for Economics
Statistics for Economics
and for the remaining two modules (30 credits) the student will choose one pair of electives from:
Twentieth Century European History I: 1900-1945
Twentieth Century European History II: 1945-1991
Introduction to Politics
Introduction to International Politics
Introduction to Human Geography
The Human Geography of London
Introduction to English Literature
Introduction to American Literature
Introduction to Film Studies
European and American Art Cinema
Liberal Arts I - Understanding the Modern World
Liberal Arts II - Understanding Modern Britain
Introduction to Business and Management
The following additional elective modules will be available to students commencing the programme in September:
French Language and Culture I (a)
French Language and Culture I (b)
Spanish Language and Culture I (a)
Spanish Language and Culture I (b)
Japanese Language and Culture I (a)
Japanese Language and Culture I (b)
- World Economy
- Principles of Economics
- Mathematical Methods in Economics and Business 1
- Economics in Action
- Career Success for Economics and Finance Students
- Macroeconomics 1
- Microeconomics 1
- Statistical Methods in Economics
- Mathematical Methods in Economics and Business 2
From 2017 we are introducing the QMUL Model to all our degrees - this is the Economics in Action module in Semester A. For further information on this initiative please contact Mr James Kilvington, Undergraduate Programme Manager.
- Macroeconomics 2
- Games and Strategies
- Econometrics 1
and one of the following:
- Financial Markets and Institutions
- Economics of Social Issues
- Microeconomics 2
- Selected Topics in Macroeconomics
- Econometrics 2
and one of the following:
- Money and Banking
- International Finance
- Capital Markets 1
- International Trade
Students must take at least 6 modules from the options, and the remaining two can be from anywhere in the college.
- Corporate Strategy
- Topics in Econometrics
- Economics Project 1 (Semester A or B)
- Economics Project 2 (full-year module)
- Topics in Econometrics
- Applied Econometrics
- Economics of Technology and Innovation
- Business Cycles
- Environmental Economics
- Public Economics
- Macroeconomic Policy
- Labour Economics
- Futures and Options
- Advanced Microeconomics
- Health Economics
- Development Economics
- Behavioural Economics
- Political Economy
- Finance of Emerging Markets
- International Financial Strategy
- Corporate Finance
- History of Economic Thought
To apply for this BSc degree with an Integrated Foundation Year, you need a good High School leaving certificate, which will include GCSE Maths grade 6 (or equivalent), a reference from a teacher, and a personal statement.
You can find more precise details about acceptable High School leaving certificates on our Entry requirements page with International entry requirements by country. Applicants with qualifications that are in principle acceptable for direct entry onto our BSc (Econ) undergraduate degree programmes, such as for example A-Levels, the International Baccalaureate diploma or other suitable Level 3 qualifications, are advised to apply to a degree programme without foundation year. Applicants with qualifications at a level below the published entry requirements for the degrees without integrated foundation year will be considered on a case-by-case basis, with the expectation that these applicants will not normally receive offers for this degree with Integrated Foundation Year.
English language requirements
All applicants to QMUL must show they meet a minimum academic English language standard for admission and to be successful on the course.
Applicants to this programme are required to achieve a minimum overall IELTS score of 6.0 including a minimum of 5.5 in Writing, and no less than 5.5 in Reading, Listening and Speaking. Further information can be found here.
If you require a Tier 4 visa, you will need to take a Secure English Language Test (SELT).
If you do not meet the minimum English language requirements, you can take the 9 week Foundation Pre-sessional Programme, if you have an overall IELTS score of at least 5.5, with a minimum score of 5.0 in all elements (or equivalent).
For any other enquiries directly relating to our entry requirements, please contact the Undergraduate Admissions Office directly;
Telephone: +44 (0)20 7882 5511
Learning and teaching
The foundation year will endow you with the knowledge and skills set required to study economics at degree level. In turn, the BSc Econ degree will provide you with a thorough training in theoretical and applied economics. You will be confronted with the latest development in the field and will develop an ability to provide critical and analytical interpretation of past and current economic events. You will be able to engage in policy analysis and you will be able to support it through a competent, informative and critical use of economic data, statistics and quantitative tools. Your ability to engage in economic and policy analysis will be supported by the development of communication, team-building, reflective and project management skills.
During the foundation year, the modules FP3000 English Language and Study Skills (ELSS) and IFP3020 Independent Study Project (ISP) serve to support students in their academic modules by developing their ability to read and prepare for lectures and classes, participate in classes, and tackle written tests and assignments. Each student is allocated an academic advisor, who is also their main teacher on the ELSS and ISP modules. Students have timetabled one-to-one tutorials with their advisor every two weeks, and in these tutorials any problems experiences can be raised, including difficulty experienced on academic modules. Extra workshops are provided to help students understand what is required of them by assignments for subject modules, and students are also advised on how to make the most of lecturer’s office hours. Also during the foundation year, students can take advantage of the support of a team of peer-mentors, comprising former IFP students who have progressed to undergraduate degrees at QM. Peer-support sessions are timetabled from the third week of semester one, and students are encouraged to attend if they need help in transitioning to the demands of university life, including their IFP studies.
On the BSc Econ degree learning is organised around three hours of weekly contact time per module, complemented by independent work aimed at carrying out the reading, writing and problem solving required by each lecturer. A variety of teaching methods are used ranging from student-led activities to problem-based learning.
For every hour spent in classes you will be expected to complete a further 2-3 hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.
The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.
Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.
Assessment is by a variety of methods including formal examinations, in-class tests, coursework of various forms, presentations and independent dissertation. Most modules have two methods of assessment (e.g., coursework and a two-hour exam).
Fees and funding
Tuition fees for Home and EU students
2018/19 Academic Year
Tuition fees for International students
2018/19 Academic Year
You can either take out a Tuition Fee Loan (see Funding section below) to pay your fees or, if you are paying them yourself, you can pay in instalments.
Tuition fees for a year abroad or placement year on a full time undergraduate course will be a proportion of the full fee for the year in which you commence your time abroad or placement.
For information on field trip and other course related costs which are not included in your tuition fee, please contact the relevant Department/School.
See more general information about fees.
Tel: +44 (0)20 7882 7676
Queen Mary has a substantial package of scholarships and bursaries which will benefit around 50 per cent of our undergraduate student body.
Scholarships and Bursaries available at Queen Mary for Home/EU Students
There are a number of scholarships and bursaries available each year for home students. Visit our Bursaries and Scholarships page for more information.
Visit our Advice and Counselling website for more information about financial support.
Scholarships available at Queen Mary for International Students
There are a number of Scholarships available each year for International Students including bursaries and scholarships in a range of subject areas.
Find out more about international scholarships.
Some International students may also be eligible for a fee reduction.
Loans and Grants available to help with tuition fees and living costs
Student Finance England administers all grant and loans for your studies if you normally live in England.
Through Student Finance England, you can apply for (figures relate to programmes starting from September 2016):
- A Tuition Fee Loan of up to £9,000 to pay all or part of your fees
- A Maintenance Loan of up to £10,702 to help pay your living costs like rent, food and travel
- Extra grants if you have a disability or you have children or an adult dependant
- You might get a grant to cover some travel expenses if you normally live in England but study away from home. If you’re a medical or dental student you might also qualify for help with the costs of attending clinical placements in the UK.
Visit Student Finance Information to find out more about:
- How to apply for student finance
- What eligibility rules apply, including if you already have a degree or previous higher education study
- What the income thresholds are and how much you might personally get for each element of Student Finance
- What to do if you have problems getting your Student Finance
Other financial help on offer at Queen Mary
We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.
Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:
- Additional sources of funding
- Planning your budget and cutting costs
- Part-time and vacation work
- Money for lone parents
For more information visit the Advice and Counselling service website, or call +44 (0)20 7882 8717.
Whilst 2018-19 will be the first year this degree has been taught, graduates from Queen Mary’s School of Economics and Finance's other degree courses go on to work in a variety of careers. Most people apply their degree knowledge directly, entering roles in insurance, banking and accounting. Others transfer skills gained during study into sectors such as marketing or law.
The national 2015 destination survey confirmed that 92% of graduates for the School of Economics and Finance were in employment and/or study six months after graduation, with 91% of these individuals working/studying at graduate level. School of Economics and Finance graduates have a strong earning power, with a median salary of £23,157.
The broad range of skills gained through this course, coupled with multiple opportunities for extra- curricular activities and work experience, has enabled students to move into careers such as:
- Assistant Economist - Health and Safety Executive
- Auditor - Deloitte
- Americas Analyst - UBS
- Graduate Trainee - Royal Bank of Scotland
- Junior Analyst - Arc Asset Management
- Junior Consultant - EFront
- Project Manager - NHS
- Trader - City Index
- Trainee Accountant - BDO Stoy Hayward
- Tax Trainee - Grant Thornton
Throughout the course, students have access to an annual QM Careers and Enterprise Centre programme, to prepare them for internships and graduate level work. This includes employer led workshops on job applications and interviews as well as over 70 employer events to facilitate networks and help students to explore their options.
The School of Economics and Finance has a weekly programme of in-school workshops and events led by the School’s Careers Consultant. These include events such as Meet the Alumni, a mentoring programmes with RBS and access to weekly 1-2-1 appointments with the Careers Consultant to get support with work experience and job applications. There is also a 3 week Focus on Finance programme with workshops on economics in industry and government, working in insurance, investment banking, consulting and accounting, and featuring employers such as KPMG and Bloomberg as well as accountancy training providers.
In addition to the Year in Industry, opportunities for work experience during the other years are substantial given Queen Mary’s location between Canary Wharf, the City and the Olympic Village. Students are encouraged to build their work experience throughout their period of study, through, for example, our QProjects work experience scheme, our QRecruit internships and temporary work hub, the part time work Experience Works event and QMSU Provide volunteering services. Over 1400 vacancies are available to browse on the QM JobOnline vacancy site.
Queen Mary’s extensive campus also provides over 1200 on-campus job and volunteer opportunities ranging from E-learning Assistant to Gym Instructor and from Society President to Student Mentor.
Read more about our careers programmes and range of work experience opportunities on the QM Careers and Enterprise Centre pages.