Degree Subject

Study Economics Abroad

Economics degrees study how societies allocate scarce resources, analysing individual behaviour (microeconomics) and overall economic performance (macroeconomics).Programmes combine economic theory with quantitative methods and data analysis, developing analytical thinking applicable across business, policy, and finance.Economics degrees are intellectually rigorous, emphasising mathematical modelling and empirical analysis, preparing you for careers in economics, finance, consultancy, policy, or research.

Entry Requirements

  • A-Levels: AAA-AAB including Mathematics (essential at top universities)
  • International Baccalaureate: 36-38 points with HL Mathematics
  • Strong mathematical and analytical abilities
  • Interest in how economies and markets function
  • Minimum IELTS 6.5-7.0 for international students
  • Critical thinking and problem-solving skills
  • Economics A-level useful but not essential

Required High School Subjects

  • Mathematics (essential for top universities - Grade A minimum)
  • Further Mathematics (beneficial for LSE, Cambridge, Warwick)
  • Economics A-level (useful but not required)
  • Any subjects demonstrating analytical thinking

Personal Statement Tips

Your Economics personal statement should demonstrate genuine interest in economic issues and how economies work, engagement with economic news and current affairs (inflation, interest rates, trade policies), wider reading beyond A-level (economics books, journals, blogs), understanding of both microeconomic and macroeconomic concepts, awareness of major economic challenges (inequality, climate change, development), mathematical ability applied to economics, specific economic topics that fascinate you, relevant work experience or economics-related activities, and understanding of economics as analytical discipline. Avoid simplistic political statements - demonstrate nuanced economic thinking. Discuss economic events, policies, or theories that interest you.

Admissions Tests

TSA (Thinking Skills Assessment)

Required by Oxford for Economics and some joint honours programmes. Tests problem-solving and critical thinking, not economic knowledge.

Sections: Problem Solving (numerical and spatial reasoning) and Critical Thinking (argument analysis)

Interview Preparation

Economics interviews involve discussing economic concepts, analysing data, and problem-solving. Be prepared to discuss economic news and explain causes/effects, analyse graphs and data presented in interviews, solve economic problems using supply/demand or other frameworks, explain economic concepts you've mentioned in your statement, discuss economic policies and their trade-offs, demonstrate mathematical thinking applied to economics, show awareness of different economic schools of thought (Keynesian, Classical, Behavioral), and explain why you want to study economics. Practice thinking aloud through economic problems - show your reasoning, not just answers.

Top Universities for Economics

London School of Economics (LSE)

UK

A*AA including Mathematics

University of Cambridge

UK

A*A*A including Mathematics + Interview

University of Oxford

UK

A*AA including Mathematics + TSA + Interview

Harvard University

USA

SAT 1520+ or ACT 34+

MIT

USA

SAT 1530+ or ACT 35+

University of Warwick

UK

A*AA including Mathematics

Career Opportunities

Economist (Government, Central Banks)

Economic Consultant

Financial Analyst

Policy Adviser

Investment Analyst

Data Analyst

Economic Researcher

Management Consultant

Frequently Asked Questions

Do I need Economics A-level to study Economics at university?
No, Economics A-level is not required by most universities and many economists didn't study it before university. Mathematics A-level is far more important - Economics degrees are heavily mathematical, involving calculus, optimization, statistics, and econometrics. Economics A-level can be useful for understanding basic concepts but universities teach economics from first principles. Top universities (LSE, Cambridge, Warwick) prefer Mathematics, Further Mathematics, and other analytical subjects over Economics A-level. If choosing between Further Maths and Economics A-level, choose Further Maths - mathematical preparation matters more.
How much mathematics is involved in economics degrees?
Economics degrees are very mathematical, particularly at top universities. You'll use calculus (differentiation, integration), linear algebra, optimization, probability, and statistics extensively. First year typically covers mathematical methods for economists. Second and third years apply mathematics to economic models and econometrics. If you struggle with or dislike mathematics, economics may not suit you. LSE, Cambridge, and Warwick economics are as mathematical as many STEM degrees. Some universities offer less mathematical economics pathways, but analytical and quantitative skills are core to modern economics. Mathematics A-level is essential; Further Mathematics highly beneficial.
What is the difference between Economics and Business degrees?
Economics is more theoretical and analytical, studying how economies function, economic policy, market behaviour, and using quantitative methods. It's academically rigorous, focused on understanding economic principles and empirical analysis. Business is more practical, covering management, marketing, operations, and business functions. Economics leads to careers in economic policy, consultancy, finance, and research. Business prepares for general management and entrepreneurship. Economics is more academically rigorous and mathematical. Choose Economics if you enjoy analytical thinking and economic theory; Business if you prefer practical business operations and management.
What careers can I pursue with an economics degree?
Economics graduates have diverse career options: economic consultancies (Frontier Economics, Oxera), financial services (investment banking, asset management, economic research), government (Treasury, Bank of England, civil service), international organizations (IMF, World Bank, OECD), think tanks, policy research, management consultancy, data analysis, and academia. The analytical, quantitative, and problem-solving skills developed are highly valued across sectors. Starting salaries vary widely: government economists £28,000-£32,000, consultancy £30,000-£40,000, investment banking £40,000-£60,000. Economics provides excellent intellectual training applicable to many careers.

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