General entry requirements

Our selectors value a breadth of subjects. You should therefore avoid subjects with significantly overlapping curricula where possible - for example, Economics and Business Studies.

A level:

• A*AA to include A in Mathematics.

IB:

• 38 to include 6 in Higher Level Mathematics (either ‘Analysis and Approaches’ or ‘Applications and Interpretation’).

BTEC:

• We welcome applications from students taking BTECs alongside two A levels, including A level Mathematics.

Additional requirements: You will also need to meet our English Language requirements.

International Students

We welcome applications from students with other internationally recognised qualifications.

Find out more about international entry requirements.

Contextual data and differential offers

Warwick may make differential offers to students in a number of circumstances. These include students participating in the Realising Opportunities programme, or who meet two of the contextual data criteria. Differential offers will be one or two grades below Warwick’s standard offer (to a minimum of BBB).

Find out more about contextual data offers for Economics.

Warwick International Foundation Programme (IFP)

All students who successfully complete the Warwick IFP and apply to Warwick through UCAS will receive a guaranteed conditional offer for a related undergraduate programme (selected courses only).

Find out more about standard offers and conditions for the IFP.

Taking a gap year

Applications for deferred entry welcomed.

Interviews

We do not typically interview applicants. Offers are made based on your UCAS form which includes predicted and actual grades, your personal statement and school reference.

Year One

Macroeconomics 1

You will consider the fundamental determinants of Gross Domestic Product, unemployment and inflation and look at how these variables interact in the short-run. By the module’s end, you should have become familiar with a range of macroeconomic issues, including topics as varied as data sources, theories of consumption and investment, government finances, the Phillips curve, and monetary rules. You will be able to use the correct terminology and measurement practices of macroeconomics. There will be opportunities to apply your learning by devising simple structural models, including definitions, assumptions and the behavioural characteristics of key agents, using both mathematical and graphical techniques.

Microeconomics 1

On this module, you will gain a thorough grounding in the basic principles of microeconomics and study several applications of theory, with the aim of being able to demonstrate your knowledge of major topics, including supply and demand, consumer theory and behavioural economics, competition, profit maximisation and cost minimisation, oligopoly and collusion, and the work of the major theorists Bertrand, Cournot and Stackelberg, including game theory. You will learn to use appropriate terminology in a wide range of more advanced topics relevant to microeconomics, such as Nash equilibria, asymmetric information and moral hazard.

Quantitative Techniques

This module combines two modules: Mathematical Techniques and Statistical Techniques. You will cover topics ranging from algebra and calculus to distributions and hypothesis testing, which will provide you with key skills and knowledge that will then applied in many other modules. In addition, you will be introduced to some advanced statistical software packages, which will help you learn about a range of techniques to analyse data and different ways in which you can present data.

The World Economy: History and Theory

Have you ever considered how the global economy got to be where it is today? In this module, you will acquire a broad understanding of the development of the world economy over the last millennium to the present day. You will take the long view of changes in global income and population, and critically examine the forces that explain economic success of some regions and the obstacles that have hindered economic advance in others. You will scrutinise the interaction between rich countries and the rest of the world, and consider the role of domestic issues and foreign policy on economic outcomes. Our aim is that you will complete this module with a strong understanding of the historiography of the evolution of the world economy as well as the use of theory and empirical analysis in economics research. There are also opportunities to pursue areas of individual interest.

Plus up to two optional modules

Year Two

Macroeconomics 2

On this module, you will learn to understand and apply the core theoretical models used in macroeconomics, for both closed and open economies, in order to enhance your comprehension of real-world macroeconomic experiences, especially involving macroeconomic policy. By the end of this module, you should be able to present clearly and methodically your understanding of a variety of common theoretical models and their inter-relationships, including through the use of equations and graphics. We will typically cover all major areas, including but not limited to, flexible pricing and sticky-price models; consumption and growth; wage-setting and unemployment; fiscal and monetary policy; international trade and exchange rate systems; and international financial markets.

Microeconomics 2

You will gain a solid understanding of intermediate and some advanced principles of microeconomics and be exposed to a range of applications of theory. You will spend time on the use of mathematical concepts in the field for analysis, and cover important principles of general equilibrium and social welfare, market failure, choice and uncertainty, and static and dynamic games of complete and incomplete information. By the end of this module, you will be able to analyse a range of microeconomic concepts, using a range of approaches, including graphical and mathematical techniques and apply your knowledge to policy issues and to the analysis of different sectors.

Econometrics 1

You'll be equipped with important skills of both academic and vocational value, being an essential part of the intellectual training of an economist and also useful for your future career. This includes an awareness of the empirical approach to economics; experience in analysis and use of empirical data; understanding the nature of uncertainty and methods of dealing with it; and using econometric software packages as tools of quantitative and statistical analysis. With the required necessary skills and knowledge to critically appraise work in applied economics, you'll have a good grasp of the dangers, pitfalls and problems encountered in applied modelling. You will then be able to apply this knowledge to a research project of your own.

Plus up to two optional modules

Year Three

Research in Applied Economics

You will have the opportunity to deepen and consolidate your knowledge by applying your understanding of economic theory to a research question that arouses your curiosity. You will use a combination of economic analysis and statistical and econometric techniques to formulate and pursue your research interest, supported by lectures on research methodology and supervision by a member of academic staff, who will support your research towards an independent project. The work will increase your confidence in formulating economic questions, and the scientific method of developing a suitable approach, conducting a literature review and data searches, identifying and testing hypotheses and using your findings to construct coherent, persuasive scholarly arguments, presented in both written and oral form.

Plus up to six optional modules

Examples of optional modules/options for current students:

• Environmental Economics
• Behavioural Economics
• Topics in Applied Economics
• The Industrial Economy
• Political Economy
• World Politics
• Organisational Behaviour
• Foundations of Finance
• International Security
• Languages

Tuition fees

Find out more about fees and funding

Additional course costs

There may be costs associated with other items or services such as academic texts, course notes, and trips associated with your course. Students who choose to complete a work placement or study abroad will pay reduced tuition fees for their third year.

Warwick Undergraduate Global Excellence Scholarship 2021

We believe there should be no barrier to talent. That's why we are committed to offering a scholarship that makes it easier for gifted, ambitious international learners to pursue their academic interests at one of the UK's most prestigious universities. This new scheme will offer international fee-paying students 250 tuition fee discounts ranging from full fees to awards of £13,000 to £2,000 for the full duration of your Undergraduate degree course.

Find out more about the Warwick Undergraduate Global Excellence Scholarship 2021

Your career

Graduates from these degrees have gone on to work for employers including:

• Accenture
• Amazon
• Bank of America Merrill Lynch
• Bloomberg
• Centrica
• Department for International Trade
• HSBC
• Investec
• PwC
• Santander UK
• Teach First
• UBS
• Unilever

They have pursued careers such as: analysts; associate consultants; advertising accounts managers and creative directors; business and financial project management professionals; chartered and certified accountants; economists; finance and investment analysts and advisers; management consultants and business analysts; quality assurance technicians and taxation experts.

Helping you find the right career

Our department has a dedicated professionally qualified Senior Careers Consultant who can support you. They offer impartial advice and guidance together with tailored workshops and events throughout the year. Previous examples of workshops and events include:

• Careers in Economics Event
• Investment Banking Uncovered
• Warwick careers fairs throughout the year
• Mock Assessment Centre workshops
• Manage your digital identity and use LinkedIn effectively

Find out more about careers support at Warwick.