Bachelor's Degree in Economics and Actuarial Science
This is the only degree in the UK to combine economics and actuarial science. Actuarial science uses mathematical and statistical methods to assess risk and uncertainty. Actuaries are essential in industries such as insurance and finance. You'll learn to use the Bloomberg Trading Suite in your first year, and study with students on the related Mathematics and Actuarial Science degree.
Your A level results will determine which core or compulsory modules you'll need to take.
You'll study core modules in microeconomics, macroeconomics and quantitative methods. Optional modules will let you shape your studies around your interests or career plans. These include international trade, survival models or public economics. You can also choose modules from outside the Economics and Mathematics departments.
You'll study in lectures and small classes. Our facilities include the behavioural economics laboratory and the Bloomberg Trading Suite. This is a realistic trading room environment using the most detailed financial data available.
As part of this course you can also:
- spend a semester abroad in your third year
- spend a year in employment
- gain vital work experience on our Student Innovation Projects
This BSc Economics and Actuarial Science degree is accredited by the Institute and Faculty of Actuaries (IFoA). You'll be eligible for 6 exemptions from the core principles:
- Actuarial Statistics (CS1 and CS2)
- Actuarial Mathematics (CM1 and CM2)
- Business Finance and Economics (CB1 and CB2)
- AAA or AABB including Mathematics (minimum grade A)
- AAB or ABBB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B)
International Baccalaureate Diploma
Pass, with 36 points overall with 18 at Higher Level, including in Higher Level and 6 points at Higher Level Mathematics: (Analysis and Approaches or Applications and Interpretation)
- D in the BTEC Subsidiary Diploma plus AA from two A levels including Mathematics (minimum grade A)
- DD in the BTEC Diploma plus A in A-level Mathematics
- DDD in the BTEC Extended Diploma
Applicants must hold GCSE English language (or GCSE English) (minimum grade 4/C)
English language requirements
If English isn't your first language, you'll need to complete an International English Language Testing System (IELTS) to demonstrate your competence in English.
For more information about admission requirements, please visit the university website.
Does this course require proof of English proficiency?
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- Economics Skills and Employability 1
- Economics with Data
- Economics with Experiments
- Linear Algebra I
- Mathematics for Economics
- Principles of Macroeconomics
- Quantitative Modelling in Economics
- Statistics for Economics
You must also choose from the following modules in year 1:
- Foundations of Microeconomics
- Principles of Microeconomics
- ECON Dissertation: Prelim Info
- Econometric Theory
- Econometrics with Big Data
- Economics Skills and Employability 2
- Financial Mathematics
- Intermediate Macroeconomics
- Intermediate Microeconomics
You must also choose from the following modules in year 2:
- Accounting and Finance for Non-Specialists
- Applied Econometrics
- Development Economics
- Industrial Economics
- Stochastic Processes
- Topics in Macroeconomics 2
- Economics Skills and Employability 3
You must also choose from the following modules in year 3:
- Actuarial Mathematics I
- Actuarial Mathematics II
- Choice and Decision
- Computational Economics
- Dissertation: Literature Review
- Dissertation: Research Project
- Dissertation: Research Topics
- International Trade
- Labour Economics
- Macroeconomic Policy 3
- Mathematical Finance
- Principles of Finance
- Public Economics
- Statistical Methods in Insurance
- Survival Models
- Topics in Macroeconomics 3
Scholarships & funding
Several scholarship options are available. Please visit the university website for more information.
- UK, Channel Island, Isle of Man and Irish students: £9,250 per year.
- EU and international students: £18,520 per year.
- Final award: Bachelor of Science with Honours (BSc (Hons))
- Name of Award: Economics and Actuarial Science
- Interim Exit awards:
- Diploma of Higher Education (DipHE)
- Certificate of Higher Education (CertHE)
- FHEQ level of final award: Level 6
You'll graduate ready for a career in actuarial science and the economy, with transferable skills that will qualify you to work in a range of fields and industries.
Our graduates have gone on to work as:
- investment analysts
- financial advisers
- management consultants
- business analysts
- marketing professionals
About this institute
University of Southampton
The University of Southampton is a top 100 global University with a top 15 UK University place. We are a founding member of the prestigious Russell Group, as demonstrated by our research intensity. We have a wonderful global community, with...
Why study at University of Southampton
The University of Southampton is a welcoming and close knit student community of roughly 22,000 students. We have an international student population which makes up just under 30% of our student body which is wonderful. With 98% of our graduates going into work or further study 6 months after graduation, we offer the chance to study at a world leading Russell Group University whilst safe in the knowledge you will be well on your way to succeeding your chosen career.
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