Top universities for economics study in the UK

By looking at facts and figures, there is no surprise that the British citizens have set standards for business-related programs in the past few decades. With a rich curriculum and a century-long tradition of education, there are typical courses such as accounting, business, and economics studies in the UK, as well as finance and marketing. These courses offer the best on both theoretical and practical levels. Here’s everything to know if you want to study economics at UK universities.

International Relations in British Universities

Business students shall often stay in touch with the latest trends in the global economy. British universities are investing in providing internationally oriented units.

Furthermore, British universities have strong relationships with many universities around the world, offering a variety of joint programs. In addition, there is a strong emphasis on awards for degree which are remarkable for their unprecedented value and proof of excellence.

Indeed, This fact serves as a great advantage for future career prospects. It also ensures a greater stability when accessing the global job market.

How to study economics in the UK?

Despite being one of the most conventional universities, British universities have many innovations. These innovations have transformed the modern understanding of business.

For example, for distance learning in the UK, a student can register for an MBA and master’s degree in Business Management and Economics. Being that, the student receives material and study entirely online without compromising the quality of his studies. Also, this will not be affected by any significant changes in the associated fees.

Moreover, business courses are constantly under the supervision of companies that offer training courses to the most talented students. The student has even the opportunity to work in a full-time job upon graduation. Besides, British universities provide strong soil for new projects and startups while also remaining in good relations with the EU.

Economics in UK universities

Many applicants choose to study Economics in Britain because of the high quality and prestige of British universities. Noting that these universities have a very high value around the world, this has a good impact as well.

The following is a list of some prominent English universities and other institutions for students eager to study Economics in Britain: Cambridge, Oxford, Warwick, London School of Economics, University College London, Heriot-Watt, Nottingham, Leeds, and Durham.

How much does it cost to study economics in the UK?

In general, studying economics in the UK requires fairly large investments. Students from the European Union are obliged to pay tuition fees of around £9000£10,000 per year.

Whereas the tuition fee for an international student wishing to study economics at a prestigious British university is ranging between £15,000 and £23,000.

Apart from tuition fees for studying Economics or related programs at British universities, the cost of living and accommodation in the UK should also be taken into account.

How many years does it take to study economics in the UK?

Usually, economics degrees in the UK will require you to study 2 to 4 years to complete. You can earn an associate, a bachelor’s, a master’s or a doctorate degree. 

An associate degree needs on average 2 years to complete. It serves a basic introduction to economics and offer foundational courses in economic theory, applied economics and on the financial system.

A bachelor’s in economics leads to either a B.Sc. or a BA in economics after 4 years of study. The B.Sc. focuses on the core elements such as mathematics, statistical analysis, theory and techniques. The BA on the other hand focuses more on sociology, psychology and other social sciences. 

To earn a master in economics in the UK, students will study 1 to 3 years, the equivalent of 50-70 credits to complete. Studies will focus on econometrics and quantitative analysis as well as the difference between microeconomics and macroeconomics. 

Lastly, doctorate students in economics get training to become competent researchers and economics professors.

Read also our guide on master’s studies in the UK.

Economics degree in UK: entry requirements

The requirements to study economics in UK vary depending on the institutions and on the degree level you apply in. If you apply to a master’s program, you will need a bachelor’s. For a bachelor’s, you need a high school diploma, and for a doctorate, you need a master’s. Other requirements include typical A-level grades, including in mathematics. You also need a proof of good command of the English language. For this, you should provide a IELTS score of 6.5 with no lower than 6.0 in any component of the test. 

Learn also how to apply to UK universities.

Scholarships to study economics in the UK

The choice of studying economics in the UK depends mainly on the financial ability of the student and his family. However, scholarships in the UK can be obtained either from the government or from a UK university.

As a matter of fact, the decision to study economics in the UK, and to apply to one of the above-mentioned universities for postgraduate programs, may exceed just being beneficial. This is due to the prestige of the institution and its impact on the future prospects of the student.

Furthermore, it helps in acquiring a basic theoretical base as well as strong practical skills applicable in modern economic reality.

You can also learn about the diverse options and available specialties at British universities.

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