Economics BSc Honours

Part of Economics
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Course Overview

Attendance

UK Fees £9,250 *
International Fees £15,400 *
Duration 3 or 4 years

* Price per academic year

Course summary

What is the UK government doing to mitigate the financial impact of the coronavirus pandemic? How is the global community tackling poverty? What will Brexit mean for trade? How can companies embrace the opportunities of a decarbonised world? On this degree, you’ll explore these and more questions, crises and controversies as we uncover the far-reaching impact of economics on our world.

Economists tackle anything from interpreting and forecasting market trends or individual business performance by country, region or market, to advising businesses, governments and individuals on everyday and strategic decisions. These can encompass areas as diverse as international trade, profit maximisation, pricing decisions, forecasting revenues or consumer demand, to managing the national health service, tackling unemployment or inequality.

You’ll learn to analyse and predict the impact of economic, social and public policy issues on a variety of stakeholders, including consumers, investors, businesses, and how to source and provide the most appropriate insight to inform future decision-making and strategy.

As the role of data in informing decision-making grows, this degree expands your crucial skills in data gathering, handling and interpretation, quantitative analysis and forecasting. You will use industry-standard software, including SPSS, Excel,Eviews, Minitab and other statistical packages, to analyse data, build models and produce forecasts. You will also develop key soft skills such as communicating complex economic ideas to a non-expert, a logical approach to formulating and solving problems, presentation skills and teamwork.

As our economics degrees share a common first year, you’ll gain a solid foundation in economic concepts, principles, analysis, techniques and knowledge and, if you choose Introduction to Financial Economics as an option, you may be eligible to change to the Financial Economics course at the start of your second year. A variety of optional modules also enable you to tailor your studies to suit your interests, for example you can choose specialist economics modules in the digital economy, in international trade, money banking and finance. You can also choose option modules in other areas of the business school such as entrepreneurship, human resource management, marketing or accounting. Our degree also offers the flexibility of studying one language module per year.

Our vibrant economics community has strong links to employers, including the Government Economic Service. You’ll also have the opportunity to gain Bloomberg professional certification. 

You will also be encouraged to participate in an array of extracurricular activities. Previous activity includes the IBM University Business Challenge (2020 Winners, Finalists 2018 and 2017, Semi-finalists 2016) and Microsoft University App Challenge (Winners 2019, Runners-up 2019). EDI Microsoft BAME University Business Challenge (3rd place 2021)

Top reasons to study

  • Study at one of London’s leading centres for business education based in the heart of London and its political, media and financial services scene
  • Access to one of the largest financial databases in our state-of-the-art Bloomberg virtual trading room
  • Outstanding facilities and access to the software widely used in industry: Bloomberg, SAGE, FAME, NVivo and SPSS
  • Option to undertake a paid placement year with previous economics students employed by organisations such as Goldman Sachs, Boxington Corporate Finance and Government Economic Service, to name just a few
  • Opportunity to study a foreign language as an optional module in each year of study and spend one year overseas at one of our partner institutions
  • Opportunity to apply for up to 4 exemptions entering into the CIMA operational level
  • In the REF 2021, 75% of our business school impact case studies in the Business and Management Unit of Assessment scored 4* whilst 25% scored 3*. Read how our research is shaping the world

Course structure

This degree aims to provide you with a solid understanding of economic theories, economic policy making, econometric techniques, quantitative analysis and analytical reasoning. You’ll learn to appreciate the decision-making process and develop your critical thinking, graduating with a unique skillset sought-after by future employers.

In each year of study, you will be offered a choice of applied economic modules, as well as specialist economics or more general business modules. You also have the opportunity to study a foreign language, including Arabic, Chinese, French, Japanese or Spanish. This is an excellent idea if you want to broaden your horizons and experience another culture, particularly if you see yourself working abroad or for an international company in the future. Recent students have visited partner institutions including Copenhagen Business School in Denmark and the University of Technology Sydney in Australia.

The following subjects are indicative of what you will study on this course. 

The course begins with a thorough grounding in economics and an appreciation of the part economic history has played in shaping the evolution of economic thought. Areas explored include devising strategies for high street opticians to combat competition from online suppliers, evaluating the impact of interrelated markets on customer demand.

Subjects of study include:

  • Crises and Controversies in Economics
  • Global Business Environment
  • Macroeconomics 1
  • Mathematics for Economists
  • Microeconomics 1
  • Introduction to Financial Economics

You will also have the opportunity to take an option module that broadens your skills or helps you to gain more in-depth knowledge of your specialist area; your option module may be a foreign language.

Credit Level 4

You will undertake more advanced study of macroeconomics and microeconomics, and the application of economic analysis, research and appraisal tools. We cover managerial economics, market structures, competition, government objectives and macroeconomic management and develop technical data analysis skills through the use of forecasting and modelling packages, such as SPSS. You will also develop research skills and project appraisal strategies, such as decision trees, which you will apply to a recent UK public policy initiative, such as the Night Tube or Cycle Superhighway (CS3).

Optional modules allow you to choose subjects of particular interest. For example, the Money, Banking and Financial Markets module explores world financial markets, regulators and financial instruments. We always keep course content and analysis current and relevant; in the optional module Digital Economy, for instance, we unravel the uniqueness of specific digital products, and consider the power of networks such as internet dating and social media platforms. Global Economic Issues examines topical issues such as migration, Brexit and climate change.

Subjects of study include:

  • Applied Economic Research and Appraisal
  • Macroeconomics 2
  • Microeconomics 2
  • Statistics for Economists

Plus, two options from: Global Economic Issues, Digital Economy, Money Banking and Financial Markets, The Economics and Finance of Sport, or other areas of business including languages.

Credit Level 5

Professional experience or Study Abroad year

Between Years 2 and 3 you may choose to study English-taught courses for a year at one of our overseas partner institutions. Currently, you can take a Year Abroad studying (or combining work and study) in Germany, Denmark, Spain, France and other locations including Australia, Japan, Canada and the USA. There are also many opportunities for those with appropriate language skills to study in the local language in France, Germany and Spain, among others. You can also choose to split your year abroad into a first semester studying and a second semester work placement, both conducted overseas, or undertake a placement year overseas.

Alternatively, between Years 2 and 3 you can undertake a one-year, full-time business placement as a Professional Experience Year within the UK. Past students have completed placements in a variety of prestigious organisations, including AMEC, Barclays Bank, Commerzbank, Freshfields Bruckhaus Deringer, GE Capital, Goldman Sachs, HSBC, IBM and the NHS, as well as in smaller businesses.


You will explore contemporary economic policy debates and develop your econometric analysis and forecasting skills. You will learn advanced technical forecasting techniques in Applied Econometrics, equipping you to perform business and government forecasts as well as preparing you for postgraduate study. You have the opportunity to undertake a dissertation where you will research a topic of your choice. Previous students have analysed how supply and demand affects oil prices and explored how game theory can be utilised to analyse the probability of a player missing a penalty in football matches.

You will delve into current research on contemporary issues and develop advanced methods of business and economic analysis, including forecasting techniques gaining a high degree of digital literacy, numeracy and confidence in data handling. This will prepare you to inform business and organisational decision making, and the design and implementation of economic policy by government agencies.

Subjects of study may include:

  • Advanced Economics
  • Applied Econometrics

Plus, two options from: Applied Financial Economics, Development Economics, Forecasting for Managers, International Trade, Dissertation, Labour Markets and Global Migration, or other general business modules, including languages.

Credit Level 6

Professional recognition

The Chartered Institute of Management Accountants (CIMA) is the world's largest professional body of management accountants offering the most relevant accounting qualification for a career in business. If you are considering a career in finance and business, the CIMA qualification will open doors with employers all over the world. 

This course will give you the opportunity to apply for up to 4 exemptions entering into the CIMA operational level.

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Programme specification

For more details on course structure, modules, teaching and assessment Download the programme specification (PDF).

To request an accessible version please email [email protected]

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Prospectus

Get your copy of the University of Westminster prospectus and browse the range of courses on offer.

Request a prospectus

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Get in touch

Contact us for general course enquiries:

+44 (0)20 7911 5000 EXT 65511
(Mon-Fri, 10am-3pm GMT)

[email protected]

Live chat with us
(Mon-Fri, 10am-4pm GMT)

Open days

Join us at an open day online or on campus. Get a feel for student life at the University of Westminster and talk to course leaders and our support teams.

Careers

This highly practical course aims to prepare you to use economic reasoning, mathematical and statistical analysis, to analyse and evaluate financial performance and public policy issues. You’ll develop a range of transferrable skills useful in almost any career, including excellent communication, strategic and logical thinking.

On graduation, you can target a role as an economist, financial or commercial analyst, or choose to pursue a broader career in government departments, banking, risk and insurance, investment and broking firms, retail and manufacturing firms, the media, social work or the voluntary sector.

Past economics graduates have secured roles as economic consultants, management trainees, investment bankers, professional accountants and within the Government Economic Service. Increasing numbers of students progress to further study on graduation: either taking professional qualifications (in accountancy, finance, for example) or proceeding to a specialist Master’s degree in the economics or finance area.

The University's Careers and Employability Service has built up a network of over 3,000 employers around the world, helping all our students explore and connect with exciting opportunities and careers.

Develop your innovation & entrepreneurial skills

Develop your innovation & entrepreneurial skills in The Big Idea competition, sponsored by Santander.

Kickstart your career

Learn how to use social media in your job hunt or LinkedIn to kickstart your career.

Develop your CQ

Develop your cultural intelligence – or ‘CQ’ – studying alongside students and staff representing more than 100 nationalities.

Industry links

Westminster Business School is one of London’s leading centres for business education based in the heart of London and its political, media and financial services scene. Our vibrant economics community has strong links to employers, including the Government Economic Service. You’ll also have the opportunity to gain a Bloomberg professional certification. Connected to a wide range of professional bodies, including the Society of Professional Economists, a growing alumni network and the employer representatives on the Employability Advisory Board, we have excellent links with industry. Staff who currently teach on this course have extensive professional experience in a range of business sectors with many staff maintaining links with industry through consultancy and training work.

Job roles

This course will prepare you for roles such as:

  • Account manager 
  • Actuarial analyst
  • Assistant economist
  • Business analyst
  • Commercial project manager
  • Commodities analyst
  • Data analyst 
  • Economist
  • Financial advisor
  • Journalist
  • Investment analyst
  • Market research analyst
  • Management trainee
  • Sponsorships executive
  • Statistician
  • Teacher
  • Technology risk analyst

Graduate employers

Graduates from the Business School have found employment at organisations including:

  • Boxington Corporate Finance
  • Goldman Sachs
  • Government Economic Service
  • Hamton Environmental Services

Westminster Employability Award

Employers value graduates who have invested in their personal and professional development – and our Westminster Employability Award gives you the chance to formally document and demonstrate these activities and achievements.

The award is flexible and can be completed in your own time, allowing you to choose from a set of extracurricular activities.

Activities might include gaining experience through a part-time job or placement, signing up to a University-run scheme – such as mentoring or teaching in a school – or completing online exercises.

Read more about our Westminster Employability Award.

Westminster Employability Award

International Opportunities

Many of our courses offer international study and work experiences, and the University provides other global opportunities that all students can apply for - so whatever you're studying, you'll have the chance to go abroad.

Opportunities could include:

  • Taking part in semester or year-long exchanges at institutions around the world
  • Attending an international summer school or field trip
  • Developing your CV through volunteering or work placements abroad

International experience broadens horizons, boosts self-confidence, and improves global understanding, alongside being fantastic for your career.

Find out more about our international opportunities, including funding options and where you can go.

Students working and studying internationally

Course Leader

Why study this course?

Combine theory and practice

Link theory to global practice through real-life case studies, guest lectures, field trips and insight from one of the world’s largest financial databases.

Professional software

Enhance your digital literacy and computer skills industry-standard software including Excel, Tableau and FAME.

Build connections

Build connections with peers and future business leaders.

Entry Requirements

  • A levels – BBC (112 UCAS Tariff points)
  • T levels – 112 UCAS Tariff points
  • International Baccalaureate – 112 UCAS Tariff points from all components of the Diploma Programme. International Baccalaureate Career-related Programme will be considered on a case-by-case basis
  • BTEC Extended Diploma – DMM
  • BTEC Diploma – D*D*
  • Access – 112 UCAS Tariff points from the Access course

In addition to one of the above, you should have:

  • GCSE English Language grade 4/C – IB grade 4 Higher Level, GCSE Maths grade 4/C – IB grade 4

If your first language is not English, you will need an IELTS score of 6.0 overall, with 5.5 in each component.

We also welcome applications from students who are taking a combination of qualifications listed above. For further information, please contact Course Enquiries.

View more information about our entry requirements and the application process.

  • International Baccalaureate – 112 UCAS Tariff points from all components of the Diploma Programme. International Baccalaureate Career-related Programme will be considered on a case-by-case basis

If your first language is not English, you should have an IELTS score of 6.0 overall, with a score of 5.5 in each component.

More information

International Foundation course

We work in partnership with Kaplan International College London to provide Foundation Certificate courses for international students who don’t meet our Bachelor’s degree entry requirements.

Find out how to apply for the Foundation Certificate course.

Pre-sessional English programmes

Need to improve your English before starting your course? We offer summer pre-sessional English programmes to help develop your English language skills.

Find out more about our pre-sessional English programmes.

Learn new skills

Develop your creativity

Develop your creativity to think outside the box.

Learn to critically evaluate

Learn to critically evaluate the strategies that managers use to help organisations adapt in an uncertain or complex environment.

Improve your problem-solving skills

Improve your problem-solving skills to better understand and tackle people management issues.

Westminster Business School blog

Read our blog and get an insight into life and studies at Westminster Business School.

Visit the WBS blog

Fees and Funding

UK tuition fee: £9,250 (Price per academic year)

When you have enrolled with us, your annual tuition fees will remain the same throughout your studies with us. We do not increase your tuition fees each year.

Find out how we set our tuition fees.

Funding

As well as tuition fee loans, there is a range of funding available to help you fund your studies.

Find out about undergraduate student funding options.

Scholarships

The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.

Find out if you qualify for one of our scholarships.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

International tuition fee: £15,400 (Price per academic year)

When you have enrolled with us, your annual tuition fees will remain the same throughout your studies with us. We do not increase your tuition fees each year.

Find out how we set our tuition fees.

EU Qualifications Welcome Award Scheme

If you are an international student accepted on an undergraduate programme starting in September 2024 or September 2025 at level 3 (Foundation) or level 4 (first year) on the basis of an eligible EU qualification only, you will be awarded a tuition fee reduction which will align your fee more closely to the one for UK students. For more information, see the EU Qualifications Welcome Award Scheme.

International student funding

Find out about funding for international students.

Additional costs

See what you may need to pay for separately and what your tuition fees cover.

Student work

Four Westminster Business Economics students and their International Business student teammate managed to bag themselves a VIP Microsoft Experience after winning a Microsoft App competition in November 2019. Five teams from the University took part in the Microsoft BAME network and EDI Diversity Festival, held at the Microsoft Reactor in Finsbury in celebration of Black History Month. The students, who enjoyed a surprise visit from the Deputy Mayor of London for Business, Rajesh Agrawal, competed against other University teams to design an app using Microsoft PowerApps software.

Students-studying-at-computer

 

Some of our students recently attended an Insight day at Deloitte, the largest professional services network in the world, providing a unique opportunity to take a look into the day-to-day details of what a career in a specific industry may be like, in this case one of the ‘Big Four’ accounting companies. Run by Deloitte’s Multicultural network and specifically targeted towards BAME students, students heard about the range of schemes Deloitte offers to university students, as well as personal tips and advice for applications from one of the company’s HR specialists. They received ‘A Day In The Life’ presentations from three Deloitte employees now working in consulting, as well as targeted careers guidance.

group-brainstorming

Teaching and Assessment

Below you will find how learning time and assessment types are distributed on this course. The graphs below give an indication of what you can expect through approximate percentages, taken either from the experience of previous cohorts, or based on the standard module diet where historic course data is unavailable.  Changes to the division of learning time and assessment may be made in response to feedback and in accordance with our terms and conditions.

How you'll be taught

Teaching methods across all our undergraduate courses focus on active student learning through lectures, seminars, workshops, problem-based and blended learning, and where appropriate practical application. Learning typically falls into three broad categories:

  • Scheduled hours: examples include lectures, seminars, practical classes, workshops, supervised time in a studio
  • Placement: placement hours normally include placement opportunities, but may also include live projects or virtual activity involving employers
  • Independent study: non-scheduled time in which students are expected to study independently. This may include preparation for scheduled sessions, follow-up work, wider reading or practice, completion of assessment tasks, or revision
Year
1
24%76%
2
24%76%
P
5%10%85%
3
23%77%
Scheduled hoursIndependent studyPlacement

How you'll be assessed

Our undergraduate courses include a wide variety of assessments.

Assessments typically fall into three broad categories:

  • Practical: examples include presentations, videos, podcasts, lab work, creating artefacts  
  • Written exams: end of semester exams 
  • Coursework: examples include essays, reports, in-class tests, portfolios, dissertation
     
Year
1
2%24%74%
2
1%6%93%
P
100%
3
1%17%82%
Written examsPracticalCoursework

Data from the academic year 2023/24

Supporting you

Our Student Hub is where you’ll find out about the services and support we offer, helping you get the best out of your time with us.

  • Study support — workshops, 1-2-1 support and online resources to help improve your academic and research skills
  • Personal tutors — support you in fulfilling your academic and personal potential
  • Student advice team — provide specialist advice on a range of issues including funding, benefits and visas
  • Extra-curricular activities — volunteering opportunities, sports and fitness activities, student events and more

Visit our student hub

Facilities

Course Location

In the heart of London, our Marylebone Campus is home to the Westminster Business School and our Architecture, Planning and Tourism courses. Specialist workshops, dedicated digital and architecture studios, and our extensive Marylebone Library offer students everything they need for academic success.

Marylebone Campus is opposite Baker Street tube station and within easy walking distance of Regent's Park and Marylebone High Street.

For more details, visit our Marylebone Campus page.

Westminster Business School

Based in the heart of London's political, media and financial services, Westminster Business School has excellent industry links and a strong commitment to social enterprise.

Our courses are accredited by professional bodies including the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Building (CIOB), Chartered Institute of Marketing (CIM), Chartered Institute of Personnel and Development (CIPD) and Royal Institution of Chartered Surveyors (RICS).

Our practical teaching relates learning to the real world, and we develop graduates who are ready to respond to contemporary business challenges.

Find out moreGo to Westminster Business School page

Westminster Business School Marylebone Campus

Contact us

Call our dedicated team on:

+44 (0)20 7911 5000 ext 65511

Opening hours (GMT): 10am–4pm Monday to Friday

[email protected]

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Opening hours (GMT): 10am–4pm Monday to Friday

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