BSc Mathematics with Economics

The Mathematics with Economics Degree (G1L1) at Aberystwyth University will develop your appreciation of advanced mathematical and statistical techniques and their application in the key areas of business finance and economics. The Mathematics with Economics Degree utilises the expertise of the Department of Mathematics and the Aberystwyth Business School to offer you a highly relevant and stimulating programme which is very attractive to employers in a diversity of fields. In addition to the specialist mathematical and analytical skills you will acquire through your Mathematics with Economics Degree, you will also gain a broad range of transferable skills which will serve you well in any career.

Department of Mathematics: 92% student satisfaction (NSS 2016)

94% of undergraduates from the Department of Mathematics who graduated in 2015 were in employment or further education six months after graduating (DLHE 2015)

Aberystwyth Business School: 90% student satisfaction (NSS 2016)

96% of undergraduates from the Aberystwyth Business School who graduated in 2015 were in employment or further education six months after graduating (DLHE 2015)

Overview

The Mathematics with Economics Degree is a major/minor scheme meaning that you will spend two-thirds of your time studying Mathematics in the Department of Mathematics and one-third studying Economics in Aberystwyth's Business School.

Why study Mathematics with Economics at Aberystwyth?

Our Mathematics courses are accredited by the Institute for Mathematics and its Applications (IMA), the UK’s learned and professional society for mathematics and its applications. The IMA exists to support the advancement of mathematical knowledge and its applications and to promote and enhance mathematical culture in the United Kingdom and elsewhere, for the public good.

Mathematics has been taught at Aberystwyth since the foundation of the university in 1872, making it the oldest Mathematics department in Wales. Despite our heritage we have continued to innovate ensuring that the degree schemes we offer will provide you with the best Mathematics degree you can possibly obtain.

The Department of Mathematics maintained its position as one of the best departments in Wales in the most recent Research Excellence Framework (REF2014). The department returned almost 90% of our staff, the highest proportion of any Welsh mathematics department. Results show that 1 in 8 of our research outputs are world leading, and more than 60% are either world leading or internationally excellent. All of our research and the impact it has outside universities, was judged to be of international standard.

The Department of Mathematics offers a number of modules taught through the medium of Welsh. Further details may be obtained from the Department.

The Aberystwyth Business School has an excellent reputation for the quality of its courses and for the success of its graduates across a wide variety of careers and contexts. Our lecturers are actively engaged in academic and policy-oriented research and consulting. Many have a business, as well as an academic, background allowing us to inform you of the latest developments in your subject and pass on a practical awareness of the contemporary business environment. Our programmes are supported by visiting speakers who also bring their professional experience to the classroom.

Teaching in the Aberystwyth Business School is underpinned by research. Our academic staff publish their work in leading academic journals and regularly act as consultants to a range of organisations. We have significant strengths in areas such as entrepreneurship, human resource management, international business and operations and supply chain management. In the most recent Research Excellence Framework (2014) assessment the university was placed in the top 50 institutions for research power and intensity. It submitted 77% of eligible staff and 95% of the university's research was of an internationally recognised standard.

We have arrangements with many partner universities overseas to deliver short academic programmes (2 weeks) to small groups of management and business students (on a self-funding basis), to enable you to experience the impact of the cultural environment when conducting business abroad. We currently have partner universities in India, China, Russia, Japan, the United Arab Emirates and Brazil and our portfolio of countries is rapidly expanding.

Our Staff

Most lecturers in the Department of Mathematics are qualified to PhD level and are research active. Many have a postgraduate teaching qualification.

Students at the Aberystwyth Business School are taught by lecturers and other teaching staff who are active researchers and expert practitioners in their chosen subject area.

Over 75% of full time members of teaching staff are qualified to PhD level. Most are currently research active, meaning that students benefit from being taught ‘new’ knowledge in their chosen field of study as well as recognized literature. The School also employs part-time and full time staff devoted purely to teaching. Many part-time staff combine teaching duties with consultancy and business activities, ensuring that students have access not only to up to date research but the latest applied knowledge.

Course Content

Welsh medium modules available

Please note: The modules listed below are those currently intended for delivery during the next academic year and may be subject to change. They are included here to give an indication of how the course is structured.

Year 1 Core (80 Credits) Mathematics (Major): The following modules are core

Semester 1

Coordinate And Vector Geometry MA10110

Probability MA10310

Algebra MA10510

Calculus MA10610

Semester 2

Further Algebra And Calculus MA11010

Mathematical Analysis MA11110

Differential Equations MA11210

Statistics MA11310

Year 1 Core (40 Credits) You must pass 100 credits overall to proceed to Part 2

Semester 1

Economic Principles And Skills 1 EC10120

Semester 2

Economic Principles And Skills 2 EC10320

Year 1 Options Welsh medium alternative modules

Semester 1

Geometreg Gyfesurynnol A Fectoraidd MT10110

Tebygoleg MT10310

Algebra MT10510

Calcwlws MT10610

Semester 2

Algebra A Chalcwlws Pellach MT11010

Dadansoddi Mathemategol MT11110

Hafaliadau Differol MT11210

Ystadegaeth MT11310

Year 2 Core (30 Credits) Mathematics (Major). The following modules are core.

Semester 1

Real Analysis MA20110

Semester 2

Linear Algebra MA21410

Complex Analysis MA21510

Year 2 Core (40 Credits) You must pass a minimum of 100 credits to proceed to year 3.

Semester 1

Intermediate Microeconomics; Consumers And Producers EC30220

Semester 2

Macroeconomic Behaviour And Systems EC30320

Year 2 Options Mathematics (Major). 50 further credits must be taken from level 2 Mathematics and Mathematical Physics modules.

Year 2 Options Welsh medium alternative modules

Semester 1

Dadansoddiad Real MT20110

Semester 2

Algebra Llinol MT21410

Final Year Options Mathematics (Major). A minimum of 70 credits must be taken from Level 3 Maths modules and another 10 credits from Maths Level 2/3 modules.

Final Year Electives You must take 40 elective credits in Economics.

Employability

Career prospects

A degree in Mathematics with Economics will prepare you for such career options where specialist numerical skills and logical and analytical thought are in high demand. These include working for organisations such as the Office of National Statistics and the Meteorological Office, but career paths such as accountancy and banking, risk analysis and actuarial work, finance management, investment analysis, information technology, research and lecturing are also open to you. Your economics minor may assist with opportunities in the Civil Service or local government.

Transferable Skills

Studying for a degree in Mathematics with Economics will equip you with a range of transferable skills which are highly valued by employers. These include:

• research and data analysis skills
• enhanced mathematical and computational skills
• effective problem-solving and creative thinking skills
• a thorough grounding in information technology skills
• the ability to work independently
• time-management and organisational skills, including the ability to meet deadlines
• the ability to express ideas and communicate information in a clear and structured manner, in both written and oral form
• self-motivation and self-reliance
• team-working, with the ability to discuss concepts in groups, accommodating different ideas and reaching agreement

Year in Employment scheme (YES)
The University operates a Year in Employment Scheme (YES), which offers you a fantastic opportunity to take a year out between your second and third year to work in an organisation in the UK or overseas. YES provides a very rewarding and worthwhile experience, both personally and professionally, and can help you to stand out from the crowd in a very competitive job market. The University’s Career Service will help you to explore your options and secure a suitable work placement.

Teaching, Learning and Assessment

What will I learn?

In the first year, you will follow a clearly defined pathway through the study of core disciplines, including algebra and calculus, coordinate and vector geometry, probability, mathematical analysis, differential equations and statistics. You will be introduced to the fundamental principles underlying microeconomics and macroeconomics, learning how markets coordinate economic activity and produce equilibrium prices and quantities, and developing an understanding of the causes of inflation and unemployment.

In the second year you will study real analysis, complex analysis, and linear algebra. You will examine consumer theory, and will gain a detailed understanding of how the open economy operates, particularly with regard to exchange rate determination. You will also choose from a range of optional modules in Mathematics.

In the third year you will be able to direct your own study and specialise further by choosing from a wide range of elective modules in both disciplines.

How will I be taught?

You will be taught through a complementary set of teaching and learning methods and approaches, ranging from formal lectures, seminars and tutorials to practicals and individual and group-based project work.

You will be assessed through a combination of coursework, presentations, reports and examinations.

You will be assigned a personal tutor throughout your degree course, who will help you with any problems or queries, whether these are academic-related or personal issues. You should feel free to contact them at any time for help and advice.

You will also have the opportunity to complete a Personal Development Plan (PDP) at Aberystwyth. This is a structured process of self-appraisal, reflection, and planning, which will enable you to chart your personal, academic and professional development throughout your time at university. By recording your academic performance, and highlighting the skills you already have and those you will need for future employability, the PDP portfolio will equip you with the necessary tools to plan effectively, develop successful approaches to study, and consider your future career options and aspirations.

Student Views

Maths is a great course with really friendly and approachable lecturers. The content is always really interesting, but challenging to the right extent. The whole department works effectively to offer all the facilities needed to gain a good degree. Jennifer O'Neil

I enjoy learning about how the economy works. How money isn't just printed out at any time, but is controlled by the government. Economics allows me to understand the fundamental problems that all societies face. Moreover, it focuses on the interaction of the market and people, how economic agents behave or interact, and how the economy works. Fon Yih Young

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Entry Requirements

A Levels ABC with A in Mathematics or BBB with B in Mathematics

GCSE requirements (grade C min):
English or Welsh, Mathematics

BTEC National Diploma:
DMM-DDM with A/B in A level Mathematics

International Students

International Baccalaureate:
28-30 points with 4-5 points in Mathematics at Higher Level

European Baccalaureate:
70% overall with 75% in Mathematics

Key Information Set