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School of Economics and Finance

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Economics and Politics with Integrated Foundation Year (January start)

LL2G 4 years

Overview

 

Our BSc Economics and  Politics with an integrated foundation year (4 years) combines a three-year degree in Economics and Politics with a bespoke foundation year, providing a smooth pathway for international and EU students not currently eligible for entry to a three-year degree programme.  The content and teaching in the foundation year (year one) helps you to build the skills you will need to prepare for the remainder of the programme.  The second and third years cover a core of macroeconomics, microeconomics and the quantitative techniques used in economic and political analysis and investigation, and quantitative techniques.  Final-year options will enable you to apply this core knowledge to a variety of more specialised areas in economics, finance and politics.

Our degree is about the real world: about how people respond to incentives, and the production and allocation of resources. Think how many news items involve economics: the global recession, tax, interest rates, prices, and the job market. The study of economics leads to the investigation of whether any economic policies should be introduced by governments and if so what kind. In turn this leads to the need to be aware of issues related to politics and, more generally, to the policy making process.

Politics and Economics are closely related disciplines and this degree is especially suited to those with an interest in public policy and governmental decision making.   This degree provides hands-on experience in dealing with real world cases and in the critical analysis of economic policy both in its formation and implementation. You would be able to use the skills gained on this programme in a huge variety of public or private sector job roles, as well as further study.

 

Why study an Economics and Politics degree at Queen Mary? 

The quality of teaching and research within the School of Economics and Finance at Queen Mary has been widely acknowledged. In the 2017 National Student Survey (NSS) we were ranked number 1 in London for student experience. In terms of Research, Economics at Queen Mary has been ranked 10th in the UK for research power in the latest Research Excellence Framework (REF 2014). We are a young and international School with staff from all over Europe and beyond, who have links to important institutions in the City and further afield.

You will be able to choose from a wide range of study options and benefit from a varied programme of visiting speakers. Our established exchange programme allows you to spend either a year in the USA, Australia, Singapore or China or a semester through the Erasmus scheme either in Italy or Spain.

The School offers excellent resources to our undergraduate students. Our students have the exclusive use of two computer labs and ten Bloomberg terminals which give students access to the latest financial software used in the banking and finance industry. We also subscribe to the major statistical databases, and software packages such as those used by economists in finance or in government for data analysis and simulation.

Every year the School of Economics and Finance organises various guest speaker lectures. So, you will be able to attend a varied programme of lectures and talks. Some of the invited speakers in the past include Mark Carney, Silvana Tenreyro, Tim Harford, John Roemer, Lord Meghnad Desai, Charles Goodhart, Rt Hon Roy Hattersley, Dan Corry, Robert Peston, Scott Page, Frank Allen, Lord Sebastian Coe, Richard Lipsey, Richard Layard, and Sanjeev Goyal.

 

Study abroad

You can choose to apply for this degree with an additional academic year abroad. We have links with universities around the world, including Europe, North America, Australia, and Asia (specific partnerships for each degree programme may vary). Studying abroad is an excellent way to grow in confidence and broaden your outlook on life by experiencing another culture, while making friends and having fun. When you return to QMUL after this experience, you will have a new perspective on life for your final year and will be awarded the ‘with study abroad’ variant in your degree title, which will help you stand out to employers.

Find out more about study abroad opportunities at QMUL 

 

 

 

 

 

Structure

Year 1, students take the following modules:

English Language and Study Skills 
Independent Study Project 
Pure Mathematics for Economics 
Statistics for Economics 
Microeconomics 
Macroeconomics 
Introduction to Politics
Introduction to International Politics

Year 2

Career Success in Economics and Finance
Principles in Economics
Mathematical Methods in Economics and Business 1 
Economics in Action
Introduction to Politics [a module lasting the whole year] 
Macroeconomics 1
Microeconomics 1
and either: Background to British Politics
or; Global Histories

Year 3

Macroeconomics 2
Games and Strategies
Microeconomics 2
Statistical Methods in Economics
You will also take a further four modules, at least two of which will be from the School of Politics and International Relations, you could then choose your remaining module choices from either the School of Economics and Finance or the School of 

Year 4

You may take a selection of modules - at least two from the School of Politics and International Relations and one from the School of Economics and Politics, taking in total eight modules in your final year. 

Entry requirements

General Admissions Entry Requirements

English Language Proficiency

All applicants to QMUL must show they meet a minimum academic English language standard for admission and to be successful on the course, to the indicated levels for the area of study. See our guidance on English Language requirements for all degree programmes.

Vocational and Other Qualifications

The College accepts a wide range of qualifications such as Access and Foundation programmes, vocational awards, Irish Leaving Certificate, Scottish Highers and other Baccalaureates. You are advised to contact the Admissions team (admissions@qmul.ac.uk) before making an application so that we can give individual advice.

Admission is based on academic merit and on the proven ability of the applicant to achieve success on their chosen programme of study. Every application to Queen Mary is considered on its individual merits with personal statement and reference taken into consideration.

Combined Qualifications

If you are taking a combination of qualifications at Level 3, we will consider your academic profile and may make offers on a case-by-case basis. You are advised to contact the Admissions team (admissions@qmul.ac.uk) before making an application so that we can give individual advice.

Advanced Entry

Subject to the policy of the programme, it may be possible for students to join undergraduate degree programmes at the beginning of the second year of a three or four year degree programme or, sometimes, the beginning of the third year of a four year programme. Please note, not all schools will consider advanced entry. You are advised to contact the Admissions team (admissions@qmul.ac.uk) before making an application for individual advice.

If you are applying for advanced entry on the basis of a post A-Level qualification, such as the BTEC HND, you should apply via UCAS in the usual way. If you wish to transfer your degree studies from another UK higher education institution, you will be considered on the basis of your original A-Level or equivalent qualifications, current syllabus, academic references and results.

We typically expect you to have achieved a 2.1 standard on your current programme and have already met the standard equivalent first year entry requirements. Applications must be submitted via UCAS.

Non-UK students

European and International Applicants

Our students come from over 162 countries and we accept a wide range of European and International Qualifications for entry, in addition to A-Levels, the International Baccalaureate and BTEC qualifications. Please see our International Admissions webpages for further details of our academic requirements, and information regarding how we assess the equivalence of your qualification.

Applicants will typically be expected to be taking academic subjects relevant to the programme of study. You are advised to review the A-Level and IB requirements for an indication of these subjects. If you are at all unclear, the Admissions team (admissions@qmul.ac.uk) is happy to advise you further.

Further Information

For any other enquiries directly relating to our entry requirements, please contact the Undergraduate Admissions Office directly.
Telephone: +44 (0)20 7882 5511
Email: admissions@qmul.ac.uk

See our information and guidance on how to apply.

Learning and teaching

The foundation year will endow you with the knowledge and skills set required to study economics at degree level.  In turn, the BSc Econ degree will provide you with a thorough training in theoretical and applied economics. You will be confronted with the latest development in the field and will develop an ability to provide critical and analytical interpretation of past and current economic events. You will be able to engage in policy analysis and you will be able to support it through a competent, informative and critical use of economic data, statistics and quantitative tools. Your ability to engage in economic and policy analysis will be supported by the development of communication, team-building, reflective and project management skills. 

During the foundation year, the modules FP3000 English Language and Study Skills (ELSS) and IFP3020 Independent Study Project (ISP) serve to support students in their academic modules by developing their ability to read and prepare for lectures and classes, participate in classes, and tackle written tests and assignments.  Each student is allocated an academic advisor, who is also their main teacher on the ELSS and ISP modules.  Students have timetabled one-to-one tutorials with their advisor every two weeks, and in these tutorials any problems experiences can be raised, including difficulty experienced on academic modules.  Extra workshops are provided to help students understand what is required of them by assignments for subject modules, and students are also advised on how to make the most of lecturer’s office hours. Also during the foundation year, students can take advantage of the support of a team of peer-mentors, comprising former IFP students who have progressed to undergraduate degrees at QM.  Peer-support sessions are timetabled from the third week of semester one, and students are encouraged to attend if they need help in transitioning to the demands of university life, including their IFP studies.  

On the BSc Econ degree learning is organised around three hours of weekly contact time per module, complemented by independent work aimed at carrying out the reading, writing and problem solving required by each lecturer. A variety of teaching methods are used ranging from student-led activities to problem-based learning.

Independent Study:

For every hour spent in classes you will be expected to complete a further 2-3 hours of independent study.  Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.

The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments.  However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.

Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.

Assessment:

Assessment is by a variety of methods including formal examinations, in-class tests, coursework of various forms, presentations and independent dissertation. Most modules have two methods of assessment (e.g., coursework and a two-hour exam).

Fees and funding

Tuition fees for Home and EU students

2018/19 Academic Year
Full-time £9,250

Tuition fees for International students

2018/19 Academic Year
Full-time £16,950

You can either take out a Tuition Fee Loan (see Funding section below) to pay your fees or, if you are paying them yourself, you can pay in instalments.

Tuition fees for a year abroad or placement year on a full time undergraduate course will be a proportion of the full fee for the year in which you commence your time abroad or placement.

For information on field trip and other course related costs which are not included in your tuition fee, please contact the relevant Department/School.

See more general information about fees.

Tel: +44 (0)20 7882 7676
email: fees@qmul.ac.uk

Funding

Queen Mary has a substantial package of scholarships and bursaries which will benefit around 50 per cent of our undergraduate student body.

Scholarships and Bursaries available at Queen Mary for Home/EU Students

There are a number of scholarships and bursaries available each year for home students. Visit our Bursaries and Scholarships page for more information.

Visit our Advice and Counselling website for more information about financial support.

Scholarships available at Queen Mary for International Students

There are a number of Scholarships available each year for International Students including bursaries and scholarships in a range of subject areas.

Find out more about international scholarships.

Some International students may also be eligible for a fee reduction.

Loans and Grants available to help with tuition fees and living costs

Student Finance England administers all grant and loans for your studies if you normally live in England.

If you live in Wales, Scotland or Northern Ireland you have an equivalent Student Finance department for your region.

Through Student Finance England, you can apply for (figures relate to programmes starting from September 2016):

  • A Tuition Fee Loan of up to £9,000 to pay all or part of your fees
  • A Maintenance Loan of up to £10,702 to help pay your living costs like rent, food and travel
  • Extra grants if you have a disability or you have children or an adult dependant
  • You might get a grant to cover some travel expenses if you normally live in England but study away from home. If you’re a medical or dental student you might also qualify for help with the costs of attending clinical placements in the UK.

Visit Student Finance Information to find out more about:

  • How to apply for student finance
  • What eligibility rules apply, including if you already have a degree or previous higher education study
  • What the income thresholds are and how much you might personally get for each element of Student Finance
  • What to do if you have problems getting your Student Finance

Other financial help on offer at Queen Mary

We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.

Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:

  • Additional sources of funding
  • Planning your budget and cutting costs
  • Part-time and vacation work
  • Money for lone parents

For more information visit the Advice and Counselling service website, or call +44 (0)20 7882 8717.

Graduate employment

Graduate employment

Whilst 2018-19 will be the first year this degree has been taught, graduates from Queen Mary’s School of Economics and Finance's other degree courses go on to work in a variety of careers. Most people apply their degree knowledge directly, entering roles in insurance, banking and accounting. Others transfer skills gained during study into sectors such as marketing or law.

The national 2015 destination survey confirmed that 92% of graduates for the School of Economics and Finance were in employment and/or study six months after graduation, with 91% of these individuals working/studying at graduate level. School of Economics and Finance graduates have a strong earning power, with a median salary of £23,157.

The broad range of skills gained through this course, coupled with multiple opportunities for extra- curricular activities and work experience, has enabled students to move into careers such as:

  • Assistant Economist - Health and Safety Executive
  • Auditor - Deloitte
  • Americas Analyst - UBS
  • Graduate Trainee - Royal Bank of Scotland
  • Junior Analyst - Arc Asset Management
  • Junior Consultant - EFront
  • Project Manager - NHS
  • Trader - City Index
  • Trainee Accountant - BDO Stoy Hayward
  • Tax Trainee - Grant Thornton

Throughout the course, students have access to an annual QM Careers and Enterprise Centre programme, to prepare them for internships and graduate level work. This includes employer led workshops on job applications and interviews as well as over 70 employer events to facilitate networks and help students to explore their options.

The School of Economics and Finance has a weekly programme of in-school workshops and events led by the School’s Careers Consultant. These include events such as Meet the Alumni, a mentoring programmes with RBS and access to weekly 1-2-1 appointments with the Careers Consultant to get support with work experience and job applications. There is also a 3 week Focus on Finance programme with workshops on economics in industry and government, working in insurance, investment banking, consulting and accounting, and featuring employers such as KPMG and Bloomberg as well as accountancy training providers.

In addition to the Year in Industry, opportunities for work experience during the other years are substantial given Queen Mary’s location between Canary Wharf, the City and the Olympic Village. Students are encouraged to build their work experience throughout their period of study, through, for example, our QProjects work experience scheme, our QRecruit internships and temporary work hub, the part time work Experience Works event and QMSU Provide volunteering services. Over 1400 vacancies are available to browse on the QM JobOnline vacancy site.

Queen Mary’s extensive campus also provides over 1200 on-campus job and volunteer opportunities ranging from E-learning Assistant to Gym Instructor and from Society President to Student Mentor.

Read more about our careers programmes and range of work experience opportunities on the QM Careers and Enterprise Centre pages.

Profiles

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