Economics is the study of the production, distribution, and consumption of goods and services. Many economic systems can exhibit complex behaviors (e.g. when a small change in an input results in large change to an output). As Mathematics is the natural language to describe nonlinear systems, mathematics and economics are a well suited combination. Some examples of the use of mathematics in economics are:
differential equations to study inflation/population dynamics
game theory to study strategic interactions between agents
optimisation in resource allocation problem
probability theory to study uncertainty in financial markets
algebra to study supply and demand constraints
Over the course of your Mathematics and Economics BSc (Hons) course, you will learn about the key building blocks of both mathematics and economics. You will
study both pure and applied mathematics
learn how to use maths to solve real-world problems
learn about the computer programming languages used in academia and industry
learn about macroeconomics (focused on national and global economies)
understand how mathematical models explain economic ideas
learn about microeconomic theory (focused on individual and business behaviours)
By the end of your degree, you will be able to use mathematical techniques to tackle different economic issues.
Increased employability
Economists are in high demand across many sectors. Economists are needed in traditional roles like advising on investment, production, and pricing. They are also needed to solve major global challenges such as:
policies to fight climate change
reducing inequality
improving healthcare
Your degree will prepare you for a career in the financial sector and open doors to high-paying jobs.
