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Mathematics and Economics – (B.Sc.)
London School of Economics and Political Science
Department of Mathematics| Application Deadline: | January 15 | ||
| Annual Tuition Fee: | ≈ € 3,847 - ≈ € 16,632 (non-EEA) | ||
| Location: | London / United Kingdom / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 36 months | Start Date: | October |
| Educational Form: |
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| Education Variants: |
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| Credits (ECTS): | 180 | ||
| Languages: | English | ||
Location of London School of Economics and Political Science
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. Although specific techniques may go out of date, the ability to think analytically is something that remains with you for the rest of your life, enabling you to adapt to new developments in your chosen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. Both our degrees are carefully structured so that the mathematical and statistical topics you study are those of greatest relevance to economics and finance.
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.
Features of LSE courses
The Mathematics Department at LSE is internationally renowned for its teaching and research in mathematics related to the social sciences, particularly the mathematics necessary for understanding economics. Both our degrees are taught jointly with LSE's world class Economics Department and enable 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.
The BSc Mathematics and Economics is a joint degree where students study roughly equal amounts of both subjects over their three years. The BSc Mathematics with Economics 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. Both degrees have exactly the same first year courses and, subject to satisfactory progress, students may move between these two degrees, should they wish to, in their second year.
Graduates will be able to combine a good understanding of modern economics with a high degree of mathematical expertise. This combination is an excellent foundation for careers in many walks of life.
Contents
This programme is balanced evenly between mathematics and economics. For a major/minor degree with more emphasis on mathematics, please see BSc Mathematics with Economics.
First year:
* Introduction to Abstract Mathematics
* Elementary Statistical Theory
* Mathematical Methods
* Economics B
* LSE100 (Lent Term only)
Second year:
* Microeconomic Principles I or Microeconomic Principles II
* Further Mathematical Methods (Calculus and Linear Algebra)
* Another option in economics or finance
* Either another option in mathematics or an outside option
* LSE100 (Michaelmas Term only)
Third year:
* An advanced course in mathematical economics
* One mathematics option
* One economics option
* One other option
First year
You take four core foundation courses. Economics B is an introductory course and you do not need previous knowledge of the subject. Elemental Statistical Theory is also an introductory level course. Mathematical Methods will continue your A level studies and includes calculus and linear algebra. Introduction to Abstract Mathematics will give you a gentle introduction to modern mathematics with emphasis on careful reasoning.
Second year
In the second year, you take two core courses, one in Microeconomic Principles and another in Further Mathematical Methods, which build on your first year studies and reinforce your understanding of economics and mathematics, whilst underlining the connections between the two subjects. You also take another course from: Macroeconomic Principles, Principles of Econometrics, and Principles of Finance. You will usually take a half unit course in Real Analysis, following on from the Abstract Mathematics course in the first year, and another half unit in either Optimisation Theory, Differential Equations, Discrete Mathematics, or Algebra and Number Theory. You may defer this course to the third year, and take another appropriate course instead.
Third year
In the third year you take one course in advanced mathematical economics. Your additional options total three course units: these must include two half unit courses in mathematics, one full unit course in economics, and another in either mathematics or economics or finance. If you have not previously taken an outside option, you may choose any suitable course taught at LSE, subject to the approval of the course tutor.
Options
(* half unit) Mathematics
* Optimisation Theory*
* Differential Equations*
* Discrete Mathematics*
* Algebra and Number Theory*
* Game Theory I*
* Chaos in Dynamical Systems*
* Optimisation in Function Spaces*
* Theory of Algorithms*
* Mathematics of Finance and Valuation*
* Probability for Finance*
* Graph Theory*
* Algebra and its Applications*
* Complex Analysis*
Economics
* Macroeconomic Principles
* Principles of Econometrics
* Economic Theory and its Applications
* Econometric Theory
* Advanced Economic Analysis
* Monetary Economics
* Any other approved course in economics
Finance
* Principles of Finance
* Quantitative Finance
IELTS
You are normally required to take an English Proficiency Test.
Most European Universities recognise the IELTS test.
Take testRequirements
Course requirement: A level pass at grade A* in Mathematics . International Baccalaureate Diploma with Higher level Mathematics with 7
Usual standard offer: A level: grades A* A A, with an A* in Mathematics. Further Mathematics is highly recommendedInternational Baccalaureate: Diploma with 38 points including 7 6 6 at Higher level (with 7 in Mathematics)Other qualifications are considered.
English language requirements
Although it is not necessary to have the required grade in an acceptable English Language qualification when you make your application to LSE, if you are made an offer of a place and English is not your mother tongue, it is likely that you would be asked to obtain an acceptable English Language qualification as a condition of your offer.
The following qualifications are acceptable to LSE:
* GCSE English Language with a grade B or better.
* International General Certificate of Secondary Education (IGCSE) English as a First Language with a grade B or better including the Speaking and Listening coursework component (Edexcel) or grade 2 in the optional speaking test (CIE).
* International English Language Testing Service (IELTS) academic test with a score of 7.0 in all four components.
* Test of English as a Foreign Language (TOEFL) with a minimum score of 627 in the paper test including 5.5 in writing and 50 in TSE, or 107 in the internet based test with a minimum of 25 out of 30 in each of the four skills.
* Cambridge Certificate of Proficiency in English (CPE) with grade B or better.
* Cambridge Advanced Certificate of English (CACE) with a grade A.
* Cambridge English Language (1119) conducted overseas by the University of Cambridge Local Examinations Syndicate: B4 or better.
* O level (1120 Brunei, 1125 Mauritius A, 1127 Singapore) grade B or better.
* Singapore Integrated Programme (IP) Secondary 4 English Language grade B or better.
* Pearson Test of English (General) with a distinction at level 5 in both the written and the oral test.
Exceptions
If students offer the IGCSE in English as a First Language or O level (other than those specified above) and have been educated in the medium of English during their five most recent years of study (prior to 1 September 2011), then we will accept the qualification as sufficient evidence of English Language proficiency.
Please note that test scores must be achieved from one sitting of the relevant qualification. We will not accept individual component scores from multiple tests
Additional Requirements
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | Not specified |
Language Proficiency
| IELTS Band: | 7.0 |
| Cambridge English: Advanced (CAE): | Grade A (Score: 80) |
| TOEFL Paper-based: | 627 |
| TOEFL Internet-based: | 107 |
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