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Degree type

BA

Course length

4 years full-time

Location

Durham City

Degree type

BA

Course length

4 years full-time

Location

Durham City

UCAS code

L109

UCAS code

L109

Ready to Apply?

Typical offers

Typical offers
A Level A*AA
BTEC D*DD
International Baccalaureate 38

Course details

Our BA Economics concentrates on the fundamental theories and techniques to help you build a successful career in this competitive field. Taking in historic and current, domestic and international perspectives, you’ll develop an in-depth understanding of the subject at all levels.

Year 1

In the first year, in addition to the compulsory modules of Principles of Economics, Economic Methods, and The World Economy, you choose three further optional modules.

Past examples have included:

  • Accounting and Finance in Business
  • Introduction to Environmental Economics
  • Introduction to the History of Economic Thought
  • A module chosen from another department, which could include a foreign language.

Year 2

In the second year, you study three compulsory modules investigating Macroeconomics, Microeconomics and Economic Data Analysis, and choose three optional modules.

Past examples have included:

  • Behavioural and Experimental Economics
  • Business Competition
  • Corporate Finance
  • Economics of Social Policy
  • European Economics
  • Intermediate Methods for Economics and Finance
  • One module from another department, which could include a foreign language.

Year 3

In an increasingly globalised world, a period of international study is a major benefit and can help you to stand out in a crowded job market. Most of our economics degrees offer you the option of spending your third year studying abroad at one of our international partner universities. This is an opportunity to develop foreign language skills, experience another country and learn about its culture.

Opportunities for study abroad are currently available in Australia, Canada, Chile, China/Hong Kong, Colombia, Czech Republic, Denmark, France, Germany, Italy, Japan, The Netherlands, New Zealand, Norway, Poland, Singapore, South Korea, Spain, Sweden and USA. Funding opportunities may be available through scholarships offered by the host institution, the British Council and/or other funding bodies.

See more at www.durham.ac.uk/international/studyabroad/

The offer of a place on a ‘study abroad’ degree does not imply that Durham University Business School guarantees to place the student with one of its partner institutions, nor a partner of the student’s choice. All study abroad programmes are subject to approval by the Business School. Some partner relationships have restricted access and so are not available to all students.

The Business School, in association with the University, will assist students in applying for a study abroad place, but it is the responsibility of the student to apply for such a place, and the right of the Business School/University to allocate students to available places as it deems best. In the event that a student is unable to obtain a study abroad place, transfer to the equivalent ‘non-study abroad’ programme is guaranteed provided the student is eligible to transfer on academic grounds. In line with Home Office rules, students from outside the EU will transfer onto the ‘with study abroad’ programme only once they have successfully secured a place abroad (normally at the end of their second year of study). Therefore due to visa requirements, we recommend that international students interested in the study abroad year as part of their degree apply for this programme when making their application to us via UCAS.

The Study Abroad year fees are set annually by the University. For the definitive amount of the Study Abroad year fees payable please contact our Study Abroad Team.

Year 4

In the fourth year, you study a compulsory double module in which you write a Dissertation. In addition, you study four optional modules.

Past examples have included:

  • Advanced Macroeconomic Theory
  • Advanced Microeconomic Theory
  • Applied Econometrics
  • Development Economics
  • Environmental Economics and Policy
  • History of Economic Thought
  • Industrial Organisation
  • International Economics
  • Labour Economics
  • Monetary Economics
  • Public Economics
  • Security Investment Analysis
  • Game Theory and Applications
  • Post-Keynesian Economics
  • One module from another department, which could include a foreign language.

Placement

You may be able to take a work placement. Find out more.

Typical offers

Typical offers
A Level A*AA
BTEC D*DD
International Baccalaureate 38

Course details

Have you ever wondered why some musicians earn so much money? Or the costs and benefits of a country hosting the Olympics? If you have a natural curiosity about the way the world works and you enjoy maths and problem-solving, BA Economics (with study abroad) might be the course for you.

Economics is at the heart of decision-making across every aspect of society. From individuals and businesses to public bodies and multinational organisations, economists examine available resources and work out how they can be used efficiently and effectively.

This degree has been developed to meet the needs of the business world and equip you with the skills to succeed in a range of industries. As well as preparing you for a career in the financial services sector, the critical and analytical skills developed during the degree provide a springboard into the worlds of journalism, policy, education and international development.

Central to the course is the real-world application of economics. The curriculum includes lectures from expert speakers and projects where you will have a chance to investigate a range of contemporary economics issues. Learning from industry experts you’ll develop a solid grounding in economic analysis, applied economics and statistical techniques.

Spending a year abroad in one of our international partner universities will give you the opportunity to experience another culture and develop your language skills. In an increasingly globalised industry, international study will help you stand out to employers.

In addition to the study abroad route, you have the option to complete the course in three years or add a placement year. It may also be possible to spend the third term of your second year at the University of Pisa.

The first year provides a foundation in domestic and international economics. In subsequent years you will further develop your understanding of core areas such as macroeconomics, microeconomics and data analysis.

The degree culminates in a final-year dissertation on an area of economics of your choice.

Course structure

Year 1

Core modules:

Principles of Economics provides a sound foundation for modules in micro- and macroeconomics. You will cover areas including methodology of economics, supply and demand, consumer spending choices, competition and growth theories.

Economic Methods familiarises you with the use of mathematical and statistical tools in solving economic problems. You will look at equations, matrix algebra, calculus, statistics, distribution, confidence intervals and hypothesis testing.

The World Economy provides knowledge and understanding of the features of different types of economy, and of world trade and the international financial system. You will learn about international trade theory, economic growth and cover some of the key concepts relating to developments and crises in the world economy using real-world case studies.

Examples of optional modules:

  • The Economics of Sustainability
  • Introduction to the History of Economic Thought
  • Foundations of Finance.

Year 2

Core modules:

Macroeconomics uses real-world examples to analyse the general equilibrium of an economy both in the short term, with a static model, and in the medium to long term, with a dynamic model.

Microeconomics develops your knowledge and understanding of the essential components of microeconomics with a particular focus on the analytical skills relevant to consumer and production theories, general equilibrium and welfare.

Econometics equips you with the skills to understand the type of empirical analysis used in economic literature. You will also write a report based on econometric analysis.

Examples of optional modules:

  • Behavioural and Experimental Economics
  • Intermediate Finance
  • Intermediate Methods for Economics and Finance
  • Microeconomic Applications and Policy
  • Macroeconomic Applications and Policy.

Year 3

You will spend Year 3 studying abroad at one of our partner universities. Not only will you gain valuable academic experiences to take forward to your final year and beyond, it’s also an opportunity to expand your cultural horizons, develop language skills and meet new people.

Opportunities are currently available in Australia, Canada, Chile, China/Hong Kong, Columbia, Czech Republic, Denmark, France, Germany, Italy, Japan, the Netherlands, New Zealand, Norway, Poland, Singapore, Spain, South Korea, Sweden and the USA. Funding may be available through scholarships offered by the host institution, the British Council and/or other funding bodies.

Year 4

Core modules:

The Dissertation is a detailed and critical examination of a relevant area of economics. It develops your ability to plan and manage your own learning and provides you with an opportunity to research a specific topic and present your findings and conclusions.

Examples of optional modules:

  • Advanced Macroeconomic Theory
  • Advanced Microeconomic Theory
  • Applied Econometrics
  • Developmental Economics
  • Environmental Economics and Policy
  • Financial Theory and Corporate Policy
  • International Economics
  • Monetary Economics
  • Game Theory and Applications
  • Security Investment Analysis.

Placement

You may be able to take a work placement. Find out more.

Learning

Students on this course learn through a combination of lectures, seminars, workshops, informal but scheduled one-on-one support, and self-directed learning, such as research, reading, and writing.

All of these are supported by a state-of-the-art virtual learning environment, Learn Ultra. Seminars and workshops are much smaller groups than lectures, small enough to allow one-on-one interaction with professors, lecturers, and sometimes external speakers. Workshops also allow hands-on experience of the kind of work professional economists perform.

This emphasis on small-group teaching reflects a conscious choice to enhance the quality of the learning experience rather than the quantity of formal sessions. In fact, the degree programme is designed to feature fewer formal sessions and more independent research as students move from their first to their final year. Small-group teaching and one-on-one attention from the personal academic advisor (provided for all students when they enter the course) are part of the learning experience throughout, but by the final year classroom time gives way, to some extent, to independent research, including a dissertation - supported by one-on-one supervision -that makes up a third of final year credits.

In this way the degree systematically transforms you from a consumer of knowledge in the classroom to a generator of knowledge, ready for professional or postgraduate life. These formal teaching arrangements are supported by “drop-in” surgeries with teaching staff and induction sessions that begin in the week before the start of the programme and continue at key times throughout each year of the programme.

Students can also attend an extensive programme of research-focused seminars where staff and visiting scholars present their cutting-edge research.

Entry requirements

A level offerA*AA including Mathematics.

BTEC Level 3 National Extended Diploma/OCR Cambridge Technical Extended DiplomaD*DD and Mathematics A level at grade A (or equivalent) is required.

IB Diploma score38 with 666 in higher level subjects, including Mathematics.

In addition to satisfying the University’s general entry requirements, please note:

  • For all Single and Joint Honours degrees involving Economics, including Philosophy, Politics and Economics, we require you to obtain a Grade A at A level Mathematics or its equivalent. For students taking the IB we are happy to accept either Higher Level grade 6 or Standard Level grade 7 in Mathematics.
  • Applicants are encouraged to avoid studying both Economics and Business Studies A2 levels.
  • We do not accept Advanced Higher Statistics as a substitute for AH Mathematics. If you are taking both of these subjects at this level then a further Advanced Higher is necessary.
  • If you are studying for the IB Diploma please note that we do not accept Mathematical Studies at standard level instead of standard level Mathematics.
  • We welcome applications from those with other qualifications equivalent to our standard entry requirements and from mature students with non-standard qualifications or who may have had a break in their study. Please contact our Admissions Manager.
  • You are not required to have A level Economics though for anyone taking this subject this will form part of the offer made to you.
  • We do not include General Studies or Critical Thinking as part of our offer.
  • If you do not satisfy our general entry requirements, the Foundation Programme offers multidisciplinary programmes to prepare you for a range of specified degree programmes.
  • If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take an International Foundation Year pathway programme at the Durham University International Study Centre.
  • We are willing to consider applications for deferred entry from those who have well-structured plans for work or travel, for example. We may, however, need to restrict the number of deferred entry offers we make because we have to be careful not to fill too many of next year’s places in advance. However, if you do apply for a deferred place and are unsuccessful, you are welcome to reapply the following year.

Science A levels

Applicants taking Science A levels that include a practical component will be required to take and pass this as a condition of entry. This applies only to applicants sitting A levels with an English examination board.

Alternative qualifications

International students who do not meet direct entry requirements for this degree might have the option to complete an International Foundation Year.

English language requirements

Country specific information

Fees and funding

Full Time Fees

Tuition fees
Home students £9,250 per year
EU students £26,250 per year
Island students £9,250 per year
International students £26,250 per year

The tuition fees shown for home students are for one complete academic year of full time study and are set according to the academic year of entry. Fees for subsequent years of your course may rise in line with an inflationary uplift as determined by the government.

The tuition fees shown for overseas and EU students are for one complete academic year of full time study, are set according to the academic year of entry, and remain the same throughout the duration of the programme for that cohort (unless otherwise stated).

Please also check costs for colleges and accommodation.

Scholarships

We are committed to supporting the best students irrespective of financial circumstances and are delighted to offer a range of funding opportunities. 

Find Out More

Career opportunities

Business School (School of Economics, Finance and Business)

Of those students who graduated in 2019:

  • 96% are in paid employment or further study 15 months after graduation across all our programmes

Of those in employment:

  • 81% are in high skilled employment
  • With an average salary of £29,000.

(Source: HESA Graduate Outcomes Survey. The survey asks leavers from higher education what they are doing 15 months after graduation. Further information about the Graduate Outcomes survey can be found here www.graduateoutcomes.ac.uk)

Department information

Business School (School of Economics, Finance and Business)

Our Economics degrees help you prepare for employment, and our qualifications are highly successful in creating job opportunities.

For more information see our Business School website.

Rankings

  • 6th for Economics in The Complete University Guide 2023
  • Top 10 in The Guardian UniversityGuide 2022.

Staff

For a current list of staff, please see the Business School web pages.

Facilities

With our rigorous curriculum and exceptional teaching, you’ll build world-class foundations for graduate employment or further study. You’ll also get a taste of real business – learning from expert faculty members and guest speakers, as well as through hands-on work placements and international study opportunities. With our flexible programmes, you’re in control – choosing a route that suits your own interests and career aspirations.

Apply

Find out more:

Use the UCAS code below when applying:

Apply

L109

The Universities and Colleges Admissions Service (UCAS) handles applications for all undergraduate courses.

Learning

Lectures and small-group seminars are complemented by specialist workshops. Using up-to-date resources, the workshops provide hands-on experience of the kind of work professional economists perform.

You’ll also benefit from one-to-one support and self-directed learning to develop your critical thinking skills. In addition, the Department hosts research-focused seminars where you can further develop your knowledge and start building industry networks.

We place great emphasis on high-quality small-group teaching. The small-group teaching format and one-on-one attention from the personal academic advisor are embedded into the learning experience to help you get more out of your studies.

As you move into the final year the focus on self-directed learning and independent research increases, particularly around the dissertation, as you begin to prepare for professional or postgraduate life.

Assessment

Modules are assessed via a combination of examinations, written assignments and reports, investigative projects and presentations.

The range of assessment methods is designed to assess your knowledge and understanding of the material, test your critical thinking skills, enhance your written and oral communication skills, and assess your ability to relate your learning to real-world issues.

The 12,000-word dissertation makes up one-third of your final-year marks.

Entry requirements

A level offerA*AA including Mathematics.

BTEC Level 3 National Extended Diploma/OCR Cambridge Technical Extended DiplomaD*DD and Mathematics A level at grade A (or equivalent) is required.

IB Diploma score38 with 666 in higher level subjects, including Mathematics.

In addition to satisfying the University’s general entry requirements, please note:

  • For all Single and Joint Honours degrees involving Economics, including Philosophy, Politics and Economics, we require you to obtain a Grade A at A level Mathematics or its equivalent. For students taking the IB we are happy to accept either Higher Level grade 6 or Standard Level grade 7 in Mathematics.
  • Applicants are encouraged to avoid studying both Economics and Business Studies A2 levels.
  • We do not accept Advanced Higher Statistics as a substitute for AH Mathematics. If you are taking both of these subjects at this level then a further Advanced Higher is necessary.
  • If you are studying for the IB Diploma please note that we do not accept Mathematical Studies at standard level instead of standard level Mathematics.
  • We welcome applications from those with other qualifications equivalent to our standard entry requirements and from mature students with non-standard qualifications or who may have had a break in their study. Please contact our Admissions Manager.
  • You are not required to have A level Economics though for anyone taking this subject this will form part of the offer made to you.
  • We do not include General Studies or Critical Thinking as part of our offer.
  • If you do not satisfy our general entry requirements, the Foundation Programme offers multidisciplinary programmes to prepare you for a range of specified degree programmes.
  • If you are an international student who does not meet the requirements for direct entry to this degree, you may be eligible to take an International Foundation Year pathway programme at the Durham University International Study Centre.
  • We are willing to consider applications for deferred entry from those who have well-structured plans for work or travel, for example. We may, however, need to restrict the number of deferred entry offers we make because we have to be careful not to fill too many of next year’s places in advance. However, if you do apply for a deferred place and are unsuccessful, you are welcome to reapply the following year.

Science A levels

Applicants taking Science A levels that include a practical component will be required to take and pass this as a condition of entry. This applies only to applicants sitting A levels with an English examination board.

Alternative qualifications

International students who do not meet direct entry requirements for this degree might have the option to complete an International Foundation Year.

English language requirements

Country specific information

Fees and funding

The tuition fees for 2024/25 academic year have not yet been finalised, they will be displayed here once approved.

The tuition fees shown for home students are for one complete academic year of full time study and are set according to the academic year of entry. Fees for subsequent years of your course may rise in line with an inflationary uplift as determined by the government.

The tuition fees shown for overseas and EU students are for one complete academic year of full time study, are set according to the academic year of entry, and remain the same throughout the duration of the programme for that cohort (unless otherwise stated).

Please also check costs for colleges and accommodation.

Scholarships

We are committed to supporting the best students irrespective of financial circumstances and are delighted to offer a range of funding opportunities. 

Find Out More

Career opportunities

Business School (School of Economics, Finance and Business)

Our students graduate with subject-specific knowledge such as economic theory and data analysis, as well as the commercial awareness, IT and problem-solving skills that are highly valued by employers across the world. This combination of academic knowledge and transferable skills will open up a range of career possibilities in the economics and finance sector and beyond.

Our focus on employability stretches beyond the classroom. You will benefit from events that will give you a competitive edge in the job market. From employer talks and interview advice to business-tailored careers fairs, we work with you to achieve your goals.

Previous Economics graduates have gone on to work for global innovators and leaders in their sector including Ernst and Young, Deloitte, Lloyds Banking Group, PwC, JP Morgan and for government departments such as the National Audit Office, HMRC and the Foreign Commonwealth and Development Office.

Of those students who graduated in 2019:

  • 96% are in paid employment or further study 15 months after graduation across all our programmes

Of those in employment:

  • 81% are in high skilled employment
  • With an average salary of £29,000.

(Source: HESA Graduate Outcomes Survey. The survey asks leavers from higher education what they are doing 15 months after graduation. Further information about the Graduate Outcomes survey can be found here www.graduateoutcomes.ac.uk)

Department information

Business School (School of Economics, Finance and Business)

We are part of Durham University’s Business School, one of the UK's longest established business schools. We offer an inspiring and stimulating learning environment, and consistently rank highly for the quality of our teaching, research and for graduate career prospects.

The rigorous curriculum combined with exceptional teaching prepare you to navigate the economic challenges faced by the modern world.

You will learn from leading academics across a range of economic disciplines. Many of the academic team are active practitioners and researchers who will share their skills and knowledge directly, delivering their insights to the classroom and bringing you closer to the realities of the business world. You will also benefit from lectures by guest speakers who give new perspectives on relevant topics, while case studies give you the opportunity to explore a range of contemporary economics issues. There are further opportunities for hands-on work placements and international study.

You will gain an understanding of the principles of Economics, including supply and demand, competition and growth theories while developing the skills to effectively analyse and interpret data. All our degrees can be tailored to your interests through a wide range of option modules, including the chance to study a language.

Economics degrees at Durham prepare students to become the innovative business thinkers of the future and our qualifications are highly successful in creating job opportunities.

For more information see our Business School website.

Rankings

  • 6th for Economics in The Complete University Guide 2023
  • 7th in The Guardian University Guide 2023
  • 9th in The Times and Sunday Times Good University Guide 2023

Staff

For a current list of staff, please see the Business School web pages.

Facilities

Based within the state-of-the-art Business School, we are close to University services and resources and only a mile from the historic centre of Durham, a city with UNESCO World Heritage Status.

Our modern and spacious teaching and learning areas include lecture theatres, seminar rooms and study areas.

The Business School library houses extensive collections of business, economics, finance and management books and offers access to over 10,000 journals online. You’ll be able to access up-to-date financial and market research information from sources such as FAME, Mintel, IMID, European Business asap and Pro-Quest. There’s also a wide range of information available via online databases, including Emerald, Mintel, Lexis-Nexis, Reuters Business Insight, IMF Statistical Service Online.

Apply

Find out more:

Use the UCAS code below when applying:

Apply

L109

The Universities and Colleges Admissions Service (UCAS) handles applications for all undergraduate courses.

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