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Home>Study at York>Undergraduate>Courses>Economics, Econometrics and Finance (BSc)

Overview Develop valuable analytical and quantitative skills


UCAS code

L124

Typical offer

AAB (full entry requirements)

Length

3 years full-time

Economics, Econometrics and Finance 

Designed for those with an interest in exploring modern financial systems and statistical analysis, this highly specialised degree offers a firm foundation in economic and financial theory and develops the valuable analytical and quantitative skills required by the financial services industry.

Studying real-life data you will gain an appreciation and understanding of the advanced statistical methods that professional economists use to model the economy and you will learn to test these theories against evidence, becoming fully competent in data-based research.

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The Department was ranked 8th in the UK for 'research power'. (Research Excellence Framework, 2014)

Course content What you’ll study


General

This comprehensive degree provides you with an understanding of econometrics, allowing you to develop analytical and interpretative skills, within the broader study of economics and finance. Based in one of the largest Economics departments in the UK and with the majority of our economics staff research-active you will benefit from learning with those at the cutting-edge of their subjects.

Our economics courses share a common first year in which we introduce the key areas that underpin the rest of the course. In Years 2 and 3 you will consolidate and expand upon this knowledge via a series of core and optional study modules which have been developed to give you a thorough understanding of the subject and enable you to tailor the degree to fit your academic and career interests.

Year 1

The first year provides a broad introduction to all areas of economics, from small scale economic decisions at an individual and local level through to issues that impact upon national and international economies.

Core modules

● Microeconomics introduces the concepts and tools of economic analysis and develops your understanding of the financial decision-making processes of individuals and organisations. (30 credits)

● Macroeconomics focuses on the issues that affect the economy as a whole, such as employment trends and inflation. (30 credits)

● Mathematics will introduce you to the main mathematical techniques used in economics. (10 credits)

● Probability provides the tools required to understand probability ideas and problems and a foundation for inferential statistics. (10 credits)

● Statistics introduces techniques of statistical inference that are used in economics, business, social sciences and problem-solving. (10 credits)

● Economic Data Analysis shows you how to find, use and interpret real economic and financial data. (10 credits)

● Historical Perspectives provides an insight into the economic changes that have shaped the modern world. (20 credits)

More detailed module descriptors 

Academic integrity module

In addition to the above you will also need to complete our online Academic Integrity module. This covers some of the essential skills and knowledge which will help you to study independently and produce work of a high academic standard which is vital for success at York.

This module will:

  • define academic integrity and academic misconduct
  • explain why and when you should reference source material and other people's work
  • provide interactive exercises to help you to assess whether you've understood the concepts
  • provide answers to FAQs and links to useful resources.

Year 2

In second year you will be able to explore areas of interest in greater detail through a combination of core modules and options.

Core modules

● Microeconomics 2 will introduce you to the most important concepts, methods, tools and techniques of economic analysis and provide a strong basis for advanced economic modules. (20 credits)

● Macroeconomics 2 deepens your understanding of key issues in macroeconomics by introducing the latest models employed by policy makers around the world and developing your capacity for forming critical judgements. (20 credits)

● Econometrics 2 provides an understanding of the analysis of economic models using statistical methods, and of applied economic articles and develops the skills needed to evaluate and interpret research findings. (20 credits)

● Mathematics 2 introduces some of the most frequently used quantitative methods in economics, equipping you with the techniques and fluency that will be essential to analyse and solve a range of economic problems in the third year and beyond. (10 credits)

● Econometric Theory 1 examines the methods and models integral to the understanding of econometrics, enabling you to grasp statistical theory and gain a comprehension of multivariate random variables. (10 credits)

● Econometric Theory 2 builds upon the knowledge and skills that you have developed in Econometric Theory 1. (10 credits)

● Introduction to Accountancy examines the main principles of company accounting and financial reporting and provides an overview of the activities of the accountancy profession in the UK and the main challenges which it faces. (10 credits)

● Financial Economics and Capital Markets provides you with an understanding of the rapidly evolving theory of finance, what influences financial decisions and the importance of managing risks in financial markets and examines the key issues faced by capital markets. (20 credits)

More detailed module descriptors 

 

Year 3

In third year you will take 80 core credit modules and choose 40 credits worth of optional modules, allowing you to tailor your degree to suit your personal interests and career goals.

Core modules

● Principles of Corporate Finance and Derivative Securities fosters an understanding of the theory and practice of corporate finance, how to use financial theory to solve practical problems and provides an advanced analysis of the major issues affecting the financial policy of a modern corporation. (20 credits)

● Structure and Regulation of Financial Markets develops your understanding of financial market failure and regulation, with particular reference to the British financial system, it also explains how problems can occur in the market when one party in a transaction has access to more information than the other. (20 credits)

● Econometric Methods for Research provides you with an appreciation of the econometric techniques that are widely used in modern economic research, such as multiple linear regression, simultaneous equation models, non-linear models, generalised method of moments and some time series analysis.

● Financial and Time Series Econometrics combines Financial Econometrics and Introduction to Time Series. (20 credits)

Option modules

Options totalling 40 credits to be chosen from a list which may include: Alternative Perspectives in Economics, Applied Econometrics, Applied Economics, International Economics, Mathematical Economics, Macroeconomics 3, Microeconomics 3

 

More detailed module descriptors 

 

Please note that not every module runs in every year, we will ask you to select from available modules.

Study abroad

 

Our Study Abroad scheme gives you the opportunity to transfer to one of our overseas partner universities for the second year of the course. By adding an international perspective to your university experience, you can strengthen your CV and improve your standing with employers in a global industry. Current students have visited Hong Kong, Australia and the USA as part of their study abroad experience.

There are a number of Study Abroad options at York. Here are some of the many opportunities you'll find here at the University:

Teaching and assessment How you’ll be taught and assessed


Economics, Econometrics and Finance

Teaching format

At York we place a strong focus on applying theory to real-life situations and we incorporate practical work into our teaching to improve your planning, teamwork and research.

Our academics have links with industry and are responsive to developments in the sector, so you can be sure you will gain a well-informed account of the current issues and challenges facing organisations. In addition, each module has its own area on the virtual learning environment that provides easy access to supporting learning materials.

Economics, Econometrics and Finance

Assessments

Assessment varies from module to module and includes a combination of exams, written essays and project work.

Your tutors will give feedback in a variety of forms depending on the specific needs of the module. This may consist of written feedback, in-class discussion, model answers, one-to-one discussions or online responses.

Careers Where you’ll go from here


Career prospects for York graduates are excellent. This specialised course has been developed to meet the needs of the financial industries and government and provide you with the skills you need to succeed.

Career opportunities

We have one of the strongest graduate employment records in the sector with graduates going on to work in:

● Management

● Finance

● Research

● Central government

● Information organisations

● Banking

● Business

● Law.

Transferable skills

Economics students graduate with a wide range of transferable skills. As well as developing your subject-specific knowledge, an economics degree will equip you with:

● Logical thinking

● Quantitative skills

● Problem-solving

● Communication skills

Graduates go on to work for organisations such as: KPMG UK,  Ernst and Young, The World Food Programme, Barclays, PwC, HM Revenue and Customs, Goldman Sachs, the European Parliament.

Following graduation around a third of our students go on to postgraduate study. Many progress to an MSc here at York. The Department of Economics has one of the largest graduate schools in the country for training and research.

Entry requirements How to get here


Course entry

All applications must be made through UCAS. Accepted applicants will be invited to visit between November and April. That's when you can meet our current students and staff, and your visit can include a one-to-one conversation with a member of academic staff.

A-levels and GCSEs

AAB including Mathematics at grade B or equivalent

We will only accept either A level Economics or Business Studies, but not both, from candidates who are taking both

Other UK qualifications

Scottish Highers / Advanced Highers: AAAAB at Higher level and AB at Advanced Higher level

BTEC: BTEC Extended Diploma with DDD (may vary for combined programmes)

Cambridge Pre-U: D3, D3, M2

Access to HE: Access to HE Diploma with 30 credits achieved from units awarded Distinction and 15 awarded Merit or higher. We strongly recommend some Level 3 units be taken in mathematical subjects

International options

International Baccalaureate Diploma: 35 points with a minimum grade of 6 points in three Higher level subjects

Irish Leaving Certificate: AAAABB

European Baccalaureate: An overall average of 80%

English language

IELTS: 6.5, with a minimum of 6.0 in each component

Pearson: 61, with a minimum of 55 in each component

CAE
 and CPE (taken from January 2015): 176, with a minimum of 169 each component

TOEFL
: 87 overall, with a minimum of 21 in Listening, 21 in Reading, 21 in Speaking, 21 in Writing

Trinity ISE III
: Merit in all components

Unistats for this course

Enquire Contact our admissions tutor if you have any questions