Programmes

BSc Mathematics with Economics

  • Undergraduate
  • Department of Mathematics
  • UCAS code G1L1
  • Starting 2018

Mathematics is essential for an understanding of modern economics. A degree combining these two strongly related disciplines gives you the opportunity to study both economics and mathematics in depth and enables you to acquire the technical aptitude and analytical skills to proceed to a successful career in finance, business and many other fields or to proceed to further study.

The BSc Mathematics with Economics programme has mathematics as its major subject and economics as its minor subject, and study of mathematics will make up approximately 75 per cent of the degree.

Although specific techniques may become out of date, the ability to think analytically is something that remains with you for the rest of your life, enabling you to adapt to new developments in your chosen career. This degree is carefully structured so that the mathematical and statistical topics you study are those of greatest relevance to economics and finance.

The Department of Mathematics is internationally renowned for its teaching and research in mathematics related to the social sciences, particularly the mathematics necessary for understanding economics. The programme is taught jointly with LSE's world class Department of Economics and enables you to build a strong quantitative knowledge base – increasingly important for a successful career in economics and finance. This degree will be of interest if you have a mathematical/scientific background, regardless of whether you have previously studied economics.

Programme details

Key facts

 BSc Mathematics with Economics
Academic year (2018/19) 27 September 2018 - 14 June 2019
Application deadline 15 January 2018
Duration Three years full-time
Applications 2016 370
First year students 2016 40
Availability Open from September 2017
Tuition fee The 2018 tuition fees have not yet been set. As a guide, 2017 fees are below
2017 UK/EU fee: £9,250 for the first year (provisional)
2017 Overseas fee: £18,408 for the first year
Programme requirement A level Mathematics at grade A* or International Baccalaureate Diploma with 7 in Higher level Mathematics, or equivalent
Usual standard offer  A level: grades A* A A, with A* in Mathematics. Further Mathematics A level is highly recommended. Students not taking Further Mathematics to A level will normally be required to achieve grade A in Further Mathematics in AS level in addition to A* (Mathematics) A A at A level
International Baccalaureate: Diploma with 38 points including 7 6 6 at Higher level, with 7 in Mathematics
English language requirements Proof of your English language proficiency may be required
Location  Houghton Street, London

For more information about tuition fees, usual standard offers and entry requirements, see the fees and funding and assessing your application sections below.

Programme structure and courses

This programme is a major/minor degree in favour of mathematics and involves studying courses to the value of 12 units over three years, plus LSE100. 

First year 

In your first year, you take four compulsory foundation courses. You will take either Economics A or Economics B, depending on your economics background. Economics B is only for students with A level Economics or equivalent. You will take Elementary Statistical Theory, Mathematical Methods and an Introduction to Abstract Mathematics. You will also take LSE100 in the Lent term. 

(* denotes a half unit course)

Either
Economics A
Provides a foundation in economics, primarily to those without significant background in the subject.
Or
Economics B
An introductory course in microeconomics and macroeconomics.

Elementary Statistical Theory
Provides a precise treatment of introductory probability theory, statistical ideas, methods and techniques. 

Mathematical Methods
An introductory-level course for those who wish to use mathematics extensively in social science. 

Introduction to Abstract Mathematics
Gives an introduction to modern mathematics with emphasis on careful reasoning.

LSE100
Beginning in the Lent term of the first year and running through the Michaelmas term of the second year, LSE100 is compulsory for all LSE undergraduate students, and introduces you to the fundamental elements of thinking like a social scientist.

Second year

In the second year, you take two compulsory courses, one in Microeconomic Principles and another in Further Mathematical Methods. You also select courses from a range of options, oen of which can be an outside option. You will also take LSE100 in the Michaelmas term.

Either
Microeconomic Principles I
Studies the economic behaviour of individuals and firms
Or
Microeconomic Principles II
Studies the same topics employing more formal methods.

Further Mathematical Methods
Covers calculus and linear algebra. 

Real Analysis*
A course in real analysis for those who have already met the basic concepts of sequences and continuity. 

One from:
Optimisation Theory*
Describes various techniques of optimisation, gives a mathematical presentation of the relevant theory, and shows how they can be applied.
Differential Equations*
Concentrates on the theory and qualitative analysis of (ordinary) differential equations, although some solution techniques are also considered.
Discrete Mathematics*
Covers some of the main concepts and techniques of discrete mathematics together with its applications.
Algebra and Number Theory*
Develops the study of abstract algebraic structures. 

Options to the value of one unit (if not already taken) from:
Optimisation Theory*
Describes various techniques of optimisation, gives a mathematical presentation of the relevant theory, and shows how they can be applied.
Differential Equations*
Concentrates on the theory and qualitative analysis of (ordinary) differential equations, although some solution techniques are also considered.
Discrete Mathematics*
Covers some of the main concepts and techniques of discrete mathematics together with its applications.
Algebra and Number Theory*
Develops the study of abstract algebraic structures.
Or
Probability, Distribution Theory and Inference
Covers the probability, distribution theory and statistical inference needed for third year courses in statistics and econometrics
Or
One approved outside option

LSE100
Beginning in the Lent term of the first year and running through the Michaelmas term of the second year, LSE100 is compulsory for all LSE undergraduate students, and introduces you to the fundamental elements of thinking like a social scientist.

Third year

In the third year you take one course in advanced mathematical economics. Your additional options total three course units. You can choose options to the value of two units in mathematic and statistics, and one other option.

One advanced option in mathematical economics  

Options to the value of two units in mathematics or statistics

One other option

You can find the most up-to-date list of optional courses in the Programme Regulations section of the current School Calendar.

You must note however that while care has been taken to ensure that this information is up-to-date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options.  Note that that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises.

You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place.  These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback.  Changes can take the form of altered course content, teaching formats or assessment modes. Any such changes are intended to enhance the student learning experience. You should visit the School’s Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the updated undergraduate course and programme information page.

Teaching and assessment

Teaching

You will usually attend two lectures and one related class for each course per week (eight lectures and four classes). The first year courses additionally have extra, optional, sessions. In addition you will work on exercises in your own time. These are then discussed in the weekly classes of 15 students. Hours vary according to courses and you can view indicative details in the Calendar within the Teaching section of each course guide

LSE is internationally recognised for its teaching and research and therefore employs a rich variety of teaching staff with a range of experience and status. Courses may be taught by individual members of faculty, such as lecturers, senior lecturers, readers, associate professors and professors. Many departments now also employ guest teachers and visiting members of staff, LSE teaching fellows and graduate teaching assistants who are usually doctoral research students. You can view indicative details for the teacher responsible for each course in the relevant course guide.

You will have an academic adviser who will be available to offer general guidance and advice on your studies, and you will be expected to meet him or her at least twice a term. There are many opportunities to extend your learning outside the classroom and complement your academic studies at LSE. LSE LIFE is the School’s centre for academic, personal and professional development. Some of the services on offer include: guidance and hands-on practice of the key skills you will need to do well at LSE: effective reading, academic writing and critical thinking; workshops related to how to adapt to new or difficult situations, including development of skills for leadership, study/work/life balance and preparing for the world of work; and advice and practice on working in study groups and on cross-cultural communication and teamwork.

LSE is committed to enabling all students to achieve their full potential and the School’s Disability and Wellbeing Service provides a free, confidential service to all LSE students and is a first point of contact for all disabled students.

Your timetable

The lecture and seminar timetable is published in mid-August and the full academic timetable (lectures/seminars and undergraduate classes) is published by mid-September and is accessible via the LSE Timetables webpages.

Undergraduate student personal timetables are published in LSE for You (LFY). For personal timetables to appear, students must be registered at LSE, have successfully signed up for courses in LFY and ensured that their course selection does not contain unauthorised clashes.

Every effort is made to minimise changes after publication, once personal timetables have been published any changes are notified via email.

The standard teaching day runs from 09:00-18:00; Monday to Friday. Teaching for undergraduate students will not usually be scheduled after 12:00 on Wednesdays to allow for sports, volunteering and other extra-curricular events. 

Assessment

All taught courses are required to include formative coursework which is unassessed. It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others. Summative assessment will be conducted by examinations in all courses you have taken at the end of each year (May or early June). Some courses also have elements of assessment in January. An indication of the formative coursework and summative assessment for each course can be found in the relevant course guide.

Feedback on coursework is an essential part of the teaching and learning experience at the School. Class teachers must mark formative coursework and return it with feedback to you normally within two weeks of submission (when the work is submitted on time). You will also receive feedback on any summative coursework you are required to submit as part of the assessment for individual courses (except on the final version of submitted dissertations). You will normally receive this feedback before the examination period. 

Find out more about LSE’s teaching and assessment methods

Preliminary reading

For an introduction to mathematics as it is applied in economics and finance, we recommend:

M Anthony and N Biggs Mathematics for Economics and Finance (Cambridge University Press, 1996)

If you wish to gain further insight into what economists study we suggest that you first look at the following popular book:

T Harford The Undercover Economist (Oxford University Press, 2006)

Much of university level mathematics is concerned with formal proofs and rigorous mathematical argument, and this is necessary for some of the advanced mathematics required in finance, economics, and other fields of application. For an introduction, we recommend: 

L Alcock How to Study for a Mathematics Degree (Oxford University Press, 2013)

R Allenby Numbers and Proofs (Butterworth-Heinemann, 1997)

P Eccles An Introduction to Mathematical Reasoning (Cambridge University Press, 1997)

T Gowers Mathematics: a very short introduction (Oxford University Press, 2002)

M Liebeck A Concise Introduction to Pure Mathematics (Chapman & Hall/CRC Mathematics, 2005)

Careers

Recent graduates have gone on to work in the areas of corporate finance, accountancy, management, and banking. Many have pursued graduate study in areas related to mathematics, economics, or both.

See further information on graduate destinations for this programme 

Support for your career

Many leading organisations give careers presentations at the School during the year, and LSE Careers has a wide range of resources available to assist students in their job search. Find out more about the support available to students through LSE Careers.

Student stories

Saloni Relan

BSc Mathematics with Economics
Hong Kong

Saloni Relan170x230

Mathematics is a harmony of number and forms, a combination of truth and beauty. The challenge of problem-solving and the satisfaction achieved in finding a solution is what inspired me to pursue it at a university level. Merged with the real world aspect offered by economics, there was no other place to study this course than at LSE. BSc Mathematics with Economics is rigorous yet also complete, and has a great balance between the abstract and the real.


Navid Kabir

BSc Mathematics with Economics
London, UK

Naveed_Kabir_2242 170x230

One of mathematic's greatest applications is undoubtedly economics. The programme material has sparked increased interest and intrigue, but I’ve also learnt that LSE offers far more than just academic learning; from numerous talks by inspiring personalities to the sports and societies on offer. This really helps to foster a sense of community.

Assessing your application

We welcome applications from all suitably qualified prospective students and want to recruit students with the very best academic merit, potential and motivation, irrespective of their background. The programme guidance below should be read alongside our general entrance requirements information.

We carefully consider each application on an individual basis, taking into account all the information presented on the UCAS application form, including your:

- academic achievement (including predicted and achieved grades)
- subject combinations
- personal statement
- teacher’s reference
- educational circumstances

You may also have to provide evidence of your English proficiency, although you do not need to provide this at the time of your application to LSE. See our English language requirements.

What we are looking for in an application for BSc Mathematics with Economics

Academic achievement

Successful applicants for this programme are usually predicted to achieve or have already achieved a minimum of A* A A in their A levels, with an A* in Mathematics (or 38 and above International Baccalaureate Diploma Programme (IB) points, including 7 6 6 in higher level subjects, with 7 in Mathematics). Further Mathematics is highly recommended.

Students not taking Further Mathematics to A level will normally be required to achieve grade A in Further Mathematics AS level in addition to A* (Mathematics) A A at A level.

In addition, the selectors are looking for applicants who have achieved a strong set of GCSE grades including several at A and A* (or equivalent) and GCSE (or equivalent) English Language and Mathematics no lower than B. We also consider your overall GCSE subject profile, and your AS grades, if available.

Information about accepted international qualifications
Information about other accepted UK qualifications

Subject combinations

We consider the combination of subjects you have taken, as well as the individual scores. We believe a broad mix of traditional academic subjects to be the best preparation for studying at LSE and expect applicants to have at least two full A levels or equivalent in these subjects.

We are looking for excellent mathematicians and it is a requirement that A level Mathematics (or equivalent) is taken and the maximum grade achieved. Where it is offered by your school or college, AS or A level Further Mathematics is expected to be taken.

Applications from those with Mathematics, Further Mathematics and one other subject will be considered. Other subjects commonly studied at A level include Chemistry and Physics. There is no requirement for students to have formally studied Economics before.

Personal characteristics, skills and attributes

For this programme, we are looking for students who demonstrate the following characteristics, skills and attributes:

-  interest in both mathematics and economics
- evidence of your understanding of the links between the two disciplines
- participation in any relevant activities outside the taught curriculum, such as mathematics competitions or Olympiads
- ability to apply logic
- ability to be creative and flexible in approaching problems
- ability to follow complex lines of mathematical reasoning
- to ask questions
- be well organised and to think and work independently
- good communication skills
- intellectual curiosity
- motivation and capacity for hard work

Personal statement

In addition to demonstrating the above personal characteristics, skills and attributes, your statement should be original, interesting and well-written and should outline your enthusiasm and motivation for the programme.

You should explain whether there are any aspects of particular interest to you, how this relates to your current academic studies and what additional reading or relevant experiences you have had which have led you to apply. We are interested to hear your own thoughts or ideas on the topics you have encountered through your exploration of the subject at school or through other activities. We provide some suggestions for preliminary reading can be found in the preliminary reading section, but there is no set list of activities we look for; instead we look for students who have made the most of the opportunities available to them to deepen their knowledge and understanding of their intended programme of study.

You can also mention extra-curricular activities such as sport, the arts or volunteering or any work experience you have undertaken. However, the main focus of an undergraduate degree at LSE is the in-depth academic study of a subject and we expect the majority of your personal statement to be spent discussing your academic interests.

Please also see our general guidance about writing personal statements 

Fees and funding

Every undergraduate student is charged a fee for each year of their programme.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. It does not cover living costs or travel or fieldwork.

Tuition fees

The 2018 tuition fees have not yet been set. Below are the details of the 2017 fees.

2017 UK/EU* students: £9,250 for the first year (pending final approval by Parliament)
2017 Overseas students £18,408 for the first year

UK/EU undergraduate fees may rise in line with inflation in subsequent years and the overseas fee usually rises by between 2.5 per cent and 4 per cent each year.

*The UK Government confirmed in April 2017 that the fee level for EU undergraduate new entrants in 2018/19 will be the same as Home UK for the duration of their undergraduate degree programme. Further information can be found on gov.uk website.

The amount of tuition fees you will need to pay, and any financial support you are eligible for, will depend on whether you are classified as a home (UK/EU) or overseas student, otherwise known as your fee status. LSE assesses your fee status based on guidelines provided by the Department of Education.

Further information about fee status classification
Further information about tuition fees

Scholarships, bursaries and loans

The School recognises that the cost of living in London may be higher than in your home town or country. LSE provides generous financial support, in the form of bursaries and scholarships to UK, EU and overseas students. 

In addition, Government support, in the form of loans, is available to UK and some EU students.

Find out more about tuition fee loans.

Key Information Set

From September 2012, every undergraduate programme of more than one year's duration will have a Key Information Set (KIS). The KIS allows you to compare 17 pieces of information about individual programmes at different higher education institutions.

Please note that programmes offered by different institutions with similar names can vary quite significantly. We recommend researching the programmes you are interested in and taking into account the programme structure, teaching and assessment methods, and support services available.

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