Mathematics with Finance and Economics BSc (Hons) • City, University of London

This course is for 2021/22 entry. 2022/23 entry is also available.

Key information

This degree provides you with a strong foundation in Mathematics, as well as financial and economic expertise. This combination is highly attractive to employers in a range of industries. The quality of this degree is reflected in the international businesses that seek out and employ our graduates.

Start date

September 2021

UCAS codes

G1L1
G1L4 with placement

Duration

3 years full-time
4 years with placement year

Institution

City, University of London

Location

Northampton Square

Entry requirements

Below is a list of countries with information on each about which qualifications we accept.

English language requirements

If your first language is not English, we will require evidence of English language proficiency. Minimum requirements are:

IELTS:

6.0 overall with a minimum of 6.0 in each component.

GCSE: A minimum of grade 4 (C) in English.
PTE Academic: 59 overall with a minimum of 59 in each component.

If you need to improve your English language skills before you enter this course, our partner, INTO City, University of London offers a range of English language courses. These intensive and flexible courses are designed to improve your English ability for entry to this degree.

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Course overview

This degree will help you explore and understand modern mathematics, economic theory and financial structures.

Our Mathematics with Finance and Economics graduates are in high demand, especially in the financial sector.

To help you prepare for your future career ambitions, this course places an emphasis on applied mathematics and real-world problem solving.

Become a graduate in demand – our students are highly sought after in financial sector
Learn to solve real-world problems and develop the highly valued problem-solving and communication skills
Master a wide range of mathematical topics and techniques, including computing and computational mathematics, statistics and probability – and how to apply them to real-world problems
Develop in-demand expertise in financial and economic theory, such as financial markets, corporate finance, and micro- and macroeconomics
Boost your employability with an optional paid one-year work placement – past students have secured placements at organisations such as Axa, Barclays, Bloomberg, Disney, GE Capital, IBM, J.P. Morgan, Microsoft and Toyota.

Learn from a multidisciplinary team combining expertise from our Department of Mathematics, the Department of Economics and our Business School.

Accreditation

Good performance in certain modules can lead to exemption recommendations from professional examinations of the Institute and Faculty of Actuaries.

Structure

Course content

This three-year course increases in choice and flexibility as you progress through the programme, so you can shape what to study to suit your interests.

Year 1
Year 2
Year 3
Placement

Year 1

Develop a firm foundation in core mathematical skills including economics and statistics. Understand the underlying concepts and principles of mathematics, economics, programming and statistics.

Year 2

Pursue your interests by choosing from a range of elective modules. Master more advanced mathematical techniques and learn to apply these to real-life problem-solving.

Linear Algebra (15 credits)

This module extends the algebraic notions defined during the first year and introduces the important concepts of vector spaces and linear maps. These are used to solve various problems involving matrices.
Real and Complex Analysis (30 credits)

This module will introduce some of the basic ideas that were used in the process of setting down the rigorous foundations of calculus, and indicate why care is needed, as well as introducing students to basic concepts of complex analysis.
Vector Calculus (15 credits)

This module will introduce a variety of techniques for solving multivariable problems and ordinary differential equations that will be used extensively in many of the later modules in the programme.
Fundamentals of Finance (15 credits)

The aim of this module is to provide you with a basic understanding of the various types of instrument used by companies to raise finance from both the company’s and investors’ perspectives. We will also see the role of regulation in the financial markets.
Professional Development and Employability (5 credits)

Supports your professional development by providing you with resources, familiarises you with the recruitment process and supports you when applying for jobs.
Intermediate Microeconomics 1 (15 credits)

This module is devoted to the theory of the behaviour of individual agents in the economy. In particular, we will study the behaviour of consumers and firms, and how they interact in competitive markets.
Intermediate Microeconomics 2 (15 credits)

This module is an extension of Intermediate Microeconomics, Part 1. Topics will include the analysis of the different market structures, monopoly and monopsony and oligopoly. To understand the latter, a brief introduction to game theory will be offered.
Intermediate Macroeconomics 1 (15 credits)

This module builds upon Introduction to Macroeconomics (EC1009) by covering each of the main theoretical models of macroeconomics in the context of both closed and open economies.
Intermediate Macroeconomics 2 (15 credits)

This module builds upon Intermediate Macroeconomics 1 (EC2015) by applying the main theoretical models of macroeconomics to important applied areas such as the macroeconomics of economic growth and the microfoundations of macroeconomics.
Sequences and Series (15 credits)

This module will introduce the basic theory of sequences and series of numbers and functions.
Applied Mathematics (15 credits)

Provides a comprehensive setting for understanding real-world phenomena through the use of mathematical methods. Emphasis will be placed on the role of differential equations, variational calculus and conservation laws in understanding the real world.
Numerical Mathematics (15 credits)

This module will show you how to construct numerical solutions to a range of mathematical problems. Many software packages use numerical methods to solve problems, and having an advanced knowledge of such methods enables you to assess the effectiveness of such software.

Year 3

Choose from a wide range of elective modules that draw on current research in mathematics, finance and economics. Gain exposure to new areas of mathematics with applications in finance, biology and physics. Undertake a group project to showcase your skills.

Differential Equations (30 credits)

The aims of this module are to introduce and develop the classical theory of linear ordinary and partial differential equations, and to apply the theory to the heat equation and the Black-Scholes equation.
Group Project (15 credits)

This module aims to help students develop a variety of problem solving skills, such as individual motivation and initiative, the powers of critical analysis, creativity and innovation, which can be used to solve practical problems.
Operational Research (15 credits)

This module incorporates mathematics and scientific method in an approach to solving business problems. It introduces you to powerful optimisation techniques and looks at how they can be used to identify and solve practical problems encountered by managers.
Corporate Finance (15 credits)

In this module, you will learn the key concepts that underpin modern corporate finance and their relevance to business capital structure and corporate governance.
History of Economic Thought (15 credits)

The module will provide an introduction to the History of Economic Thought and will consider Classical economic thought; the neoclassical revolution; and twentieth century economic thought.
International Finance (15 credits)

This module gives you an introduction to the body of literature in international finance. On successful completion of this module, you will be able to display knowledge and understanding of the international linkages between national economies in the goods and financial markets.
Financial Economics (15 credits)

This module offers you a chance to study the main principles of finance, its importance to the economy as a whole and the use of economic methods in developing new theories.
Monetary Economics (15 credits)

This module aims to provide a stylised history of the field, an evaluation of the major debates concerning the macroeconomic role of money and an explanation of how these debates have influenced the design and conduct of contemporary monetary policy.
The Economics of Addiction (15 credits)

This module covers a range of topics of health economics. The course offers an overview of microeconomic theory models and up-to-date empirical research applied to the health care sector and health behaviour decisions.
Economics of European Integration (15 credits)

This module studies the main characteristics of the Economic integration process in the light of the Microeconomic and Macroeconomic tools of economic theory.
Money and Banking (15 credits)

This module will develop a theoretical understanding of the nature and functions of the banking system, its relationship with central banks and regulators, and the historical development and role of central banks.
Industrial Organisation (15 credits)

This module is designed to meet the demand by firms and economic consultancies at home and abroad for professionals having an integral knowledge of all aspects of structural and strategic firm decision making.
Financial Reporting (15 credits)

The aim of the course is to enable you to construct and interpret the published financial statements of companies and financial institutions.
Discrete Mathematics (15 credits)

This module will introduce a range of ideas in discrete mathematics, with equal emphasis on theory and applications.
Advanced Complex Analysis (15 credits)

Introduces fundamental properties of functions of complex variables, Fourier and Laplace transforms, and several applications of conformal maps.
Game Theory (15 credits)

This module aims to introduce the key mathematical concepts involved in the areas of game theory and evolutionary game theory, familiarize students with basic game-theoretical ideas and their mathematical formulation, and enable students to analyse a variety of games applied to different situations.
Dynamical Systems (15 credits)

This module briefly revisits some of the standard phase portrait methods encountered in the Dynamical Systems course at part 2 and extends these ideas, discussing in some detail centres, via the use of Liapunov functions, limit cycles and global phase portraits. The ideas of bifurcation and chaos are introduced via discrete systems.
Introduction to the Mathematics of Fluids (15 credits)

This module will enable you to apply mathematical analysis to the understanding of one aspect of the real world. It will show how complex real world phenomena can be modelled mathematically, and discuss some of the problems that arise when trying to analyse these models.
Introduction to Mathematical Physics (15 credits)

Introduces students to classical mechanics, electromagnetism, relativity and quantum theory. Emphasis will be placed on how the mathematical background the students have already acquired can be applied in the context of physics.
Mathematical Processes for Finance (15 credits)

This module will introduce the mathematical theory of sequential processes and related areas. It will also consider relevant concepts for numerical approximations to solutions illustrated with examples from finance.
Groups and Symmetry (15 credits)

This module is an introduction to group theory, and the application of group actions to various problems in algebra and combinatorics.
Mathematical Biology (15 credits)

This module introduces simple examples drawn from real life problems which will illustrate how mathematics can help us to understand the patterns of life in Nature.

Placement

At City, you have the option to complete a work placement of 9-15 months between your second and third year, enabling you to gain professional experience.

If you complete a placement, you will graduate with a BSc (Hons) Mathematics with Finance and Economics with Placement degree upon successfully completing the programme.

Download course specification:

BSc Mathematics with Finance and Economics

Teaching and assessment

The Mathematics with Finance and Economics BSc (Hons) at City is a multi-disciplined degree, where learning takes place in a highly energised, supportive environment with experienced academic staff from the Department of Mathematics, the Department of Economics and City’s Business School.

Throughout your degree, teaching and learning at City is focused on developing your knowledge and enthusiasm for mathematics, finance and economics.

You will be encouraged to take responsibility for your own learning and offered all the support you need to develop your academic self-confidence.

To ensure a smooth transition from secondary education to undergraduate study, small weekly group tutorials are held in the first year.

These provide you with intensive individual assistance for the core module topics. In your final year, you will carry out your own research project, choosing from a wide variety of topics that suit your particular interests and career ambitions.

Private study

For around 30 hours per week, private study enables you to spend time on background reading, note revision, tutorial problems, coursework and individual or group work on projects.

Your personal tutor

You will be assigned your own personal tutor. They will provide small group tutorials throughout your first year, and will be available to help you throughout your time at City. Your tutor will also provide support for course topics and other matters, and serve as a link with other resources within City and elsewhere.

Modern facilities

All lectures and tutorials are taught in a stimulating learning environment, supported through PC-based laboratory sessions.

Assessment methods

Assessment is based on examination and coursework. Marks are weighted in a 1:3:6 ratio for the three years of study to produce an overall aggregate.

Types of assessment

Set exercises or coursework, which you take home and complete with the aid of your notes.
Formal unseen written examinations every year.
Class or online tests.
Group assessments, such as written reports, also form the basis of assessment for some modules.

In the third year of your degree, a core module consists of a group project. The group is assessed by a group written report and an individual presentation on the project. Also, a small number of modules require students to give presentations.

Feedback on assessment

You will normally be provided with feedback within three weeks of the submission deadline or assessment date. This would normally include a provisional grade or mark. For end-of-module examinations or an equivalent significant task (e.g. an end of module project), feedback will normally be provided within four weeks.

The timescale for feedback on final-year projects or dissertations may be longer.

Percentage of the course assessed by coursework

The balance of assessment by examination, practical examination and assessment by coursework will to some extent depend on the optional modules you choose. The approximate percentage of the course assessment, based on 2019/20 entry is as follows:

Assessment

Year 1

Written examination: 82%

Coursework: 18%

Year 2

Written examination: 82%

Coursework: 18%

Year 3

Written examination: 70%

Coursework: 30%

Overall workload

Most contact hours will take the form of lectures, interactive sessions, practical workshops and small group classes, supported by a personal tutorial system. The number will decrease as you progress and you become more able to direct your own learning. Approximate study time based on 2019/20 entry is as follows:

Workload

Year 1

Scheduled learning: 24%

Independent learning: 76%

Year 2

Scheduled learning: 20%

Independent learning: 80%

Year 3

Scheduled learning: 18%

Independent learning: 82%

Fees and funding

Fees for year 2021/22

£9,250

Overseas/EU

£16,320

The fees indicated are for undergraduate entry in the 2021/ 22 academic year only. Fees for future years may be subject to an inflationary increase, which is normally 2%.

Funding options

Explore up-to-date information about funding options, available financial support and typical living costs.

Fee waivers are available for this course.
Means tested support is available for 2021/22 entry.

Future finance loans

Future Finance offers students loans of between £2,500 and £40,000 to help cover tuition fees and living expenses. All students and courses are considered. All loans are subject to credit checks and approval for further details please visit our finance pages.

Career

This degree prepares you for future employment by providing you with vital, transferable skills highly valued by employers in the financial and business sectors.

Many of our graduates secure jobs in the financial sector, going on to work in roles such as financial consultant, investment banker, and customer service officer for organisations such as:

Deloitte
Hazlems Fenton
John Lewis
Lloyds TSB
Natwest
Net-a-Porter.

Given City’s location and links to business, it is unsurprising that many graduates have been employed by large firms in the financial, industrial or retail sector.

Placement support

Students that complete a placement year have been found to be more likely to achieve higher grades, secure a graduate-level job and earn a higher salary.

Placements can offer the opportunity to contribute to real-world projects. Our students have previously secured placements and internships at organisations such as:

Axa
Barclays
Bloomberg
Disney
EY
GE Capital
IBM
J.P. Morgan
Microsoft
Toyota
Warner Music.

The School of Mathematics, Computer Science and Engineering has its own dedicated placements team, the Professional Liaison Unit (PLU). The PLU provides you with support and guidance in securing a relevant placement, through longstanding relationships with a diverse range of companies.

The PLU also collaborates with our Careers Service to support you if you wish to take a summer internship at the end of an academic year.

How to apply

Applications for degree courses must be made through the Universities and Colleges Admissions Service (UCAS).

Apply now

You can apply through your school or college using the Apply system, which enables you to submit your application directly to the UCAS website.

www.ucas.com

You can apply to up to five universities or institutions on the form. The UCAS code for City, University of London is C60.

Please take care to enter the correct course code when applying, particularly for subjects with a Foundation year or with BEng (Hons) and MEng (Hons) or BSc (Hons) and MSci (Hons) options.

UCAS has implemented an 'invisibility of choices' policy so that, on the initial application and while you are receiving decisions, each institution can see only their entry and not those of other institutions you have chosen. This ensures that your application for a course at City is considered solely on your academic and personal qualities.

You should submit your completed application form to UCAS with a £23 application fee. If you want to apply to City, University of London only, you can make a single choice application at a reduced rate of £12.

For enquiries about the admissions process at City, please contact our Admissions Office

Complete the Admissions enquiry form

Call: +44 (0)20 7040 8716.

Telephone lines are currently open between 10am - 3pm.

If your enquiry is about admission to a particular course, please use the contact details provided on the course page.

When to apply

Your application for entry in September 2021 should arrive at UCAS between September 2020 and 29^th January 2021. Applications that arrive after 29^th January 2021 will be considered only at City's discretion.

Contacting UCAS

Website: www.ucas.com

Address: Universities and Colleges Admissions Service (UCAS), Rosehill, New Barn Lane, Cheltenham, Gloucestershire, GL52 3LZ

Telephone:

from inside the UK 0871 468 0468
from outside the UK +44 (0)871 468 0468

For callers with hearing difficulties:

from inside the UK use the Text Relay service on 18001 0871 468 0468
from outside the UK dial +44 151 494 1260 (text phone) and then ask the operator to dial 0871 468 0468.

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Academics

Dr Anton Cox

Associate Dean

Department of Mathematics

Dr Lara Silvers

Associate Dean for Undergraduate Admissions, Development, and Satisfaction

Department of Mathematics

Key information

Entry requirements

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