Economics and Mathematics 

(2018 Entry)

BA (Hons)

The Economics and Mathematics combined honours degree at Keele encourages you to develop the knowledge and skills to understand how important Economics is to the functioning of government, business and households. At the same time you will learn the mathematical skills to give you proficiency in data handling, problem solving and analysis, all highly regarded and sought after by employers in financial services and business management more generally.

Combined Honours

Combined Honours degrees allow you to study two different subjects in one degree. Find out more about Combined Honours degrees.


Study abroad
Learn a language
International year
3 years/ 4 years with international year

UCAS code: GL11

View entry requirements

Course Overview

In Mathematics modules, you will deepen your understanding of pure mathematics, applied mathematics and statistics, learning to apply them in a range of economic contexts at micro and macro level.  You will use what you learn to develop precise arguments and present results to a wide range of audiences. In Economics modules, you will learn about markets, risk and currencies in micro and macro perspectives. By combining theoretical analysis with up to date knowledge about current issues you will explore the formulation and effects of public economic policies.  Under the supervision of our internationally recognised and approachable tutors, you will also have the opportunity to use professional software tools such as Bloomberg in our dedicated IT suite to analyse and interpret real economic data. 

You could also choose to study abroad for a proportion of your degree or to put your learning into practice during a placement between years two and three of your studies.

What will this mean for my future?

Both Mathematics and Economics help you to take novel approaches to problem solving and make critical interpretations of data and text, skills which are in demand from employers in business and government.  You might choose to work as an economist in the City or in the Government Economic Service.  You could go into banking, insurance, accounting, software development or management consultancy.  Jobs such as an investment analyst, actuary, statistician or financial advisory would also be options for you. 

You might also choose to go on to study for a postgraduate qualification in either subject.

Indicative modules

First year

  • Algebra
  • Calculus
  • Introductory Microeconomics
  • Introductory Macroeconomics
  • Quantitative Methods

Second year

  • Differential Equations
  • Complex Variable I and Vector Calculus
  • Intermediate Microeconomics
  • Introduction to Econometrics
  • Open Economy Macroeconomics

Third year

  • Labour Economics
  • Group Theory
  • Professional Mathematics
  • Advanced Topics in Microeconomics
  • Labour Economics
  • Partial Differential Equations
  • Industrial Organisation

Course structure

Our degree courses are organised into modules. Each module is usually a self-contained unit of study and each is usually assessed separately with the award of credits on the basis of 1 credit = 10 hours of student effort.  An outline of the structure of the programme is provided in the tables below.

There are three types of module delivered as part of this programme. They are:

  • Compulsory modules – a module that you are required to study on this course;
  • Optional modules – these allow you some limited choice of what to study from a list of modules;
  • Elective modules – a free choice of modules that count towards the overall credit requirement but not the number of subject-related credits.

Modules Summary

Economics - Each year you MUST take a minimum of 45 credits in Economics achieved by taking two compulsory modules and one optional module. You must also take a minimum of 45 credits in your other principal subject. Your remaining 30 credits may be selected from the list of Economics optional modules, modules from your other principal subject, or from the range of elective modules provided by other disciplines.

 

Mathematics - A summary of the total credit requirements per year is as follows, with a minimum of 90 subject credits (compulsory plus optional) required for each year across both of your Principal Subjects. Combined Honours Mathematics students must study 60 Mathematics credits in each academic year. This document has information about Mathematics modules only; please also see the document for your other subject.

Year

Compulsory

Optional

Electives

Min

Max

Min

Max

1

60

0

0

0

0

2

15

45

45

0

0

3*

0

60

60

0

0

* in year 3 there is the option to choose to specialise in one of your subjects, taking a minimum of 90 credits in this subject rather than taking modules from both subjects

 

Modules - Year One

Year 1 (Level 4)

Economics Year 1 (Level 4)

Compulsory modules

Credits

Optional modules

Credits

Semester one

 

Semester one

 

Introductory Microeconomics ECO-10028

15

Quantitative Methods 1 ECO-100261

15

   

British and Global Economy ECO-10025

15

   

Management in Context MAN-100182

15

   

Business Law LAW-10027

15

   

Accounting Principles MAN-100153

15

   

British and Global Economy ECO-10025

15

   

Academic English for Business Students (Part 1) ENL-90003 7

15

Semester two

 

Semester two

 

Introductory Macroeconomics ECO-10029

15

Quantitative Methods 2 ECO-10027 4

15

   

Financial Accounting MAN-10024 5

15

   

Multinational Enterprise Business Perspectives MAN-10023

15

   

Economics of Financial Markets

ECO-10017 6

15

Notes:

  1. This module is compulsory for anyone who does not have A Level Maths (or equivalent). The module cannot be taken by anyone who already had A-level Maths (or equivalent)
  2. Required if want to take Social Enterprise and Alternative Organising (MAN-20093) in year 2
  3. Required if want to take Financial Accounting MAN-10024
  4. This Module will  be a prerequisite for ANY of the statistical/econometrics Modules in subsequent years, i.e. Statistics with Bloomberg, Introductory Econometrics ECO-20042, Applied Econometrics and Data Analysis (ISP) or if you want to specialise in Economics in Year 3
  5. Prerequisite Accounting Principles MAN-10015
  6. This Module is a prerequisite for ANY of the financial Economics that follow in subsequent years, namely Asset Pricing ECO-20041, Portfolio Choice ECO-20044, Banking ECO-20045, Risk Management with Derivatives ECO-30048 and Corporate Finance ECO-30039.
  7. Open only to non-native speakers of English and successful completion of ENL-10031 (EAP 1) with a score of over 60%, or ENL-90006 (EAP 2), or equivalent or by recommendation of the Language Centre.  Cannot be taken with other ENL- module (English Language module) in the same academic year.

 

Mathematics Year 1 (Level 4)

Compulsory modules

Credits

Optional modules

Credits

Algebra

30

None

 

Calculus

30

   

Modules - Year Two

Year 2 (Level 5)

Economics Year 2 (Level 5)

Compulsory modules

Credits

Optional modules

Credits

Semester one

 

Semester one

 

Intermediate Microeconomics ECO-20046

15

Statistics with Bloomberg 1

15

   

Asset Pricing ECO-20041 2

15

     

 

Cost and Management Accounting MAN-20049

15

   

Professional Development MAN-200903

15

   

Banking ECO-20045 2

15

   

Academic English for Business Students (Part 1) ENL-900037

15

   

Academic English for Business Students (Part 2) ENL-900048

15

Semester two

 

Semester two

 

Open Economy Macroeconomics ECO-20037

15

Introduction to Econometrics

ECO-20042  4, 5

15

   

Portfolio Choice ECO-20044 2

15

   

Social Enterprise and Alternative Organising MAN-200936

15

   

Contemporary Issues in Economics ECO-20040

15

   

Corporate Governance and  Social Responsibility MAN-20082

15

Notes:

  1. Prerequisite Quantitative Methods 2 ECO-10027. Required if you want to take Introduction to Econometrics ECO-20042 or Applied Econometrics Year 3
  2. Prerequisite Economics of Financial Markets ECO-10017
  3. Recommended for those considering a Placement Year
  4. Prerequisite Statistics with Bloomberg. This Module is required for those wishing to take  Applied Econometrics  in year 3
  5. Note you must do an ISP/Dissertation in year 3 in either this subject or the other subject area - if wishing to do the Data Analysis ISP, then this module becomes compulsory.
  6. Prerequisite Management in Context MAN-10018
  7. Open only to non-native speakers of English and successful completion of ENL-10031 (EAP 1) with a score of over 60%, or ENL-90006 (EAP 2), or equivalent or by recommendation of the Language Centre.  Cannot be taken with other ENL- module (English Language module) in the same academic year.
  8. Open only to NON-NATIVE SPEAKERS OF ENGLISH after successful completion of AEB1 (Academic English for Business 1) with a score of under 60% or equivalent. Cannot be taken with other ENL- module (English Language module) in the same academic year

 

Mathematics Year 2 (Level 5)

Compulsory modules

Credits

Optional modules

Credits

Differential Equations

15

Probability

15

   

Analysis I

15

   

Computational Mathematics

15

   

Complex Variable I and Vector Calculus

15

   

Dynamics

15

   

Mathematical Modelling

15

   

Abstract Algebra

15

   

Analysis II

15

   

Introduction to Mathematics Education

15

   

Optional Modules: in each semester students take two 15-credit modules

 

 

Modules - Year Three

Year 3 (Level 6)

Economics Year 3 (Level 6)

Compulsory modules

Credits

Optional modules

Credits

Semester one

 

Semester one

 

Dynamic Macroeconomics  ECO-30033

15

Choose a minimum of one of the following

 
   

Risk Management with Derivatives ECO-30048 1, 2

15

   

Advanced Topics in Microeconomics  ECO-30047

15

   

Applied Econometrics 3

15

   

Corporate Finance ECO-30039 2

15

   

Additional options

 
   

SME Live Project

15

   

Academic English for Business Students (Part 2) ENL-90004 5

15

   

Academic Business English ENL-90005 6

15

Semester two

 

Semester two

 

None

 

Choose a minimum of one of the following:

 
   

International Finance ECO-30037

15

   

Labour Economics ECO-30046

15

   

Data Analysis (ISP) 4

15

Note:

  1. Prerequisite Quantitative Methods 2 ECO-10027
  2. Prerequisite Economics of Financial Markets ECO-10017
  3. Prerequisite  Introduction to Econometrics ECO-20042
  4. Prerequisite Applied Econometrics. Note you must do an ISP/Dissertation in either this subject or the other subject area.
  5. Open only to NON-NATIVE SPEAKERS OF ENGLISH after successful completion of AEB1 (Academic English for Business 1) with a score of under 60% or equivalent. Cannot be taken with other ENL- module (English Language module) in the same academic year.
  6. Open only to THIRD-YEAR NON-NATIVE SPEAKERS OF ENGLISH on successful completion of AEB2 or EAP4; or AEB1 or EAP3 with a score of over 60%; or equivalent. Cannot be taken with other ENL- module (English Language module) in the same academic year

 

Mathematics Year 3 (Level 6)

Optional modules

Credits

Optional modules

Credits

Nonlinear Differential Equations

15

Linear Algebra

15

Partial Differential Equations

15

Complex Variable II

15

Group Theory

15

Waves

15

Number Theory

15

Medical Statistics

15

Professional Mathematics

15

Mathematical Biology

15

Applied Time Series

15

Ring and Field Theory

15

Linear Statistical Models

15

Codes and Cryptography

15

Metric Spaces and Topology

15

Introduction to Mathematics Teaching     

15

Graph Theory

15

Project

15

Fluid Mechanics

15

Medical Statistics Project

30

Optional Modules: students normally choose two 15-credit modules in each semester. The choice will depend on any timetabling restrictions and will be subject to the student having met the necessary prerequisites. Some modules may not be available every year.

 

Modules - Year Four

If you choose to specialise in Economics in your final year you will study the following modules:

Compulsory modules

Credits

Optional modules

Credits

Semester one

 

Semester one

 

Advanced Topics in Microeconomics  ECO-30047

15

choose a minimum of one of the following:

 

Applied Econometrics 1

15

Risk Management with Derivatives ECO-30048  2, 3

15

Dynamic Macroeconomics  ECO-30033

 

SME Live Project

15

   

Corporate Finance ECO-30039 3

15

   

Academic English for Business Students (Part 2) ENL-900045

15

   

Academic Business English ENL-900056

15

       

Semester two

 

Semester two

 

Data Analysis (ISP) 4

15

Choose a minimum of one of the following:

 

International Finance ECO-30037

15

Labour Economics ECO-30046

15

   

Industrial Organisation ECO-30046

15

Notes:

  1. Prerequisite Introduction to Econometrics ECO-20042
  2. Prerequisite Quantitative Methods 2 ECO-10027
  3. Prerequisite Economics of Financial Markets ECO-10017
  4. Prerequisite Applied Econometrics
  5. Open only to NON-NATIVE SPEAKERS OF ENGLISH after successful completion of AEB1 (Academic English for Business 1) with a score of under 60% or equivalent. Cannot be taken with other ENL- module (English Language module) in the same academic year.
  6. Open only to THIRD-YEAR NON-NATIVE SPEAKERS OF ENGLISH on successful completion of AEB2 or EAP4; or AEB1 or EAP3 with a score of over 60%; or equivalent. Cannot be taken with other ENL- module (English Language module) in the same academic year

 

Students may choose to study elective modules which are offered as part of other programmes in the Faculty of Humanities and Social Sciences and across the University. These include:

  • Modules in other subjects closely related to Economics.
  • Modules in other subjects in which they may have a particular interest.
  • Modules designed to help students for whom it is not their first language to improve their use of English for Academic Purposes.
  • Modern foreign languages modules at different levels in French, German, Spanish, Russian, Japanese and Chinese (Mandarin).
  • Modules related to the development of graduate attributes, student volunteering, and studying abroad as part of the University’s exchange programme.

 

For further information on the content of modules currently offered, including the list of elective modules, please visit: www.keele.ac.uk/recordsandexams/az








Daniel Gibbon

Daniel Gibbon

"There is a very warm and welcoming environment and there is plenty going on on campus."

Accounting and Maths, 2017