About this course
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 alongside 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. Please see the programme specification for the most up-to-date module lists.
You'll study core modules in microeconomics, macroeconomics and quantitative methods. You'll have the freedom to shape your studies by choosing optional modules to suit your interests or career plans - such as international banking, risk management 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 - a realistic trading room environment with the most detailed financial data available.
As part of this course you can also:
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take part in a 2-week economics summer school at Xiamen University, China
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spend a semester abroad in your third year
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spend a year in employment
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gain vital work experience on IBM's Business Innovation Programme
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:
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Actuarial Statistics (CS1 and CS2)
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Actuarial Mathematics (CM1 and CM2)
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Business Finance and Economics (CB1 and CB2)
This is the maximum number of IFoA actuarial exemptions available on any undergraduate programme.
Accreditations
This course is accredited by:
Course location
This course is based at Highfield.
Awarding body
This qualification is awarded by the University of Southampton.
Download the programme specification
The programme specification sets out the learning outcomes of this course and details how the course is taught and assessed.
In light of COVID-19, we’ve made changes to some elements of course delivery for 2020-21. For details as to how this has changed delivery for this course, please view the Addendum to the Programme Specification PDF.
Entry requirements
A-levels
AAA or AABB including Mathematics (minimum grade A)
or
AAB or ABBB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B)
A-levels additional information
Offers typically exclude General Studies and Critical Thinking.
Although an Economics A level is not required, preference will be given to applicants taking at least one analytical A level subject ; that is, either Economics or a science-based subject.
A-levels with Extended Project Qualification
If you are taking an EPQ in addition to 3 A levels, you will receive the following offer in addition to the standard A-level offer:
AAB including Mathematics (minimum grade A) and grade A in the EPQ
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)
International Baccalaureate contextual offer
We are committed to ensuring that all learners with the potential to succeed, regardless of their background, are encouraged to apply to study with us. The additional information gained through contextual data allows us to recognise a learner’s potential to succeed in the context of their background and experience. Applicants who are highlighted in this way will be made an offer which is lower than the typical offer for that programme.
International Baccalaureate Career Programme (IBCP) statement
Offers will be made on the individual Diploma Course subject(s) and the career-related study qualification. The CP core will not form part of the offer. Where there is a subject pre-requisite(s), applicants will be required to study the subject(s) at Higher Level in the Diploma course subject and/or take a specified unit in the career-related study qualification. Applicants may also be asked to achieve a specific grade in those elements.
Please see the University of Southampton International Baccalaureate Career-Related Programme (IBCP) Statement for further information. Applicants are advised to contact their Faculty Admissions Office for more information.
BTEC
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
BTEC additional information
We only accept Engineering BTEC Extended/National Diploma
- Access to HE Diploma
- Irish Leaving Certificate
- Scottish Qualification offers
- Cambridge Pre-U
- Welsh Baccalaureate
- European Baccalaureate
Other requirements
UK students
International students
Other ways to qualify
GCSE requirements
Applicants must hold GCSE English language (or GCSE English) (minimum grade 4/C)
Non-academic entry requirements
There are no additional requirements
Got a question?
If you're not sure that you have the right experience or qualifications to get onto this course please contact our enquiries team; we're very happy to help.
Email: enquiries@southampton.ac.ukTel: +44(0)23 8059 5000
A-levels
AAA or AABB including Mathematics (minimum grade A)
or
AAB or ABBB including Mathematics (minimum grade A) and Further Mathematics (minimum grade B)
A-levels additional information
Offers typically exclude General Studies and Critical Thinking.
Although an Economics A level is not required, preference will be given to applicants taking at least one analytical A level subject ; that is, either Economics or a science-based subject.
A-levels with Extended Project Qualification
If you are taking an EPQ in addition to 3 A levels, you will receive the following offer in addition to the standard A-level offer:
AAB including Mathematics (minimum grade A) and grade A in the EPQ
A-levels contextual offer
Students who are highlighted in this way will be made an offer which is lower than the typical offer for that programme, as follows:
AAB including Mathematics (minimum grade A)
International Baccalaureate Diploma
Pass, with 36 points overall with 18 points at Higher Level, including 6 at Higher Level in Mathematics
International Baccalaureate Diploma additional information
Applications where Higher Level subjects have been studied without the full Diploma, will also be considered on a case by case basis.
International Baccalaureate Career Programme (IBCP) statement
Offers will be made on the individual Diploma Course subject(s) and the career-related study qualification. The CP core will not form part of the offer. Where there is a subject pre-requisite(s), applicants will be required to study the subject(s) at Higher Level in the Diploma course subject and/or take a specified unit in the career-related study qualification. Applicants may also be asked to achieve a specific grade in those elements.
Please see the University of Southampton International Baccalaureate Career-Related Programme (IBCP) Statement for further information. Applicants are advised to contact their Faculty Admissions Office for more information.
BTEC
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
BTEC additional information
We only accept Engineering BTEC Extended/National Diploma
- Access to HE Diploma
- Irish Leaving Certificate
- Scottish Qualification offers
- Cambridge Pre-U
- Welsh Baccalaureate
- European Baccalaureate
Other requirements
UK students
International students
Other ways to qualify
GCSE requirements
Applicants must hold GCSE English language (or GCSE English) (minimum grade 4/C)
Got a question?
If you're not sure that you have the right experience or qualifications to get onto this course please contact our enquiries team; we're very happy to help.
Email: enquiries@southampton.ac.ukTel: +44(0)23 8059 5000
Course structure
COVID-19: we've made some changes to the structure of the course for this academic year. Download the programme specification addendum in 'About this course' to learn more.
Each year is made up of core, compulsory and optional modules. In years 1 and 2, you'll study the broad themes of economics, statistics and demography. You'll also take specialised actuarial modules. Your modules in year 1 will depend on whether you studied economics at A level.
You'll also be able to broaden your experience beyond economics and actuarial science by selecting:
You do not need to choose your modules when you apply. Your academic tutor will help you to customise your course.
Year 1 overview
Core modules will give you a foundation in mathematical and statistical techniques, such as:
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optimisation
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probability
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hypothesis testing
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quantitative modelling
You’ll also study macroeconomics to learn about measures of GDP, inflation and unemployment, and concepts used in microeconomics.
You can also choose from optional modules, covering topics such as:
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understanding economic policy
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commercial law
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analysing demographic data
Year 2 overview
You’ll deepen your understanding in economics by taking compulsory modules in macroeconomics and microeconomics. You’ll also learn about compound interest theory and interest rate models, as well as the foundations of econometrics and applied statistics.
You’ll choose one further module to complement your studies, with options ranging from accounting to globalisation.
Year 3 overview
You can choose to write a dissertation in an economics or demography topic of your choice. This is an opportunity for you to show that you can select relevant arguments and techniques, then apply them to your research and draw conclusions.
You'll take further compulsory modules in macroeconomics or the principles of finance. Optional modules include:
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international banking
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risk management
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statistical methods in insurance
Want more detail? See all the modules in the course.
Modules
COVID-19: we've made some changes to our modules for this academic year. Download the programme specification addendum in 'About this course' to learn more.
For entry in Academic Year 2020-21
Year 1
Year 2
Year 3
You must study the following modules in year 1:
You must also choose from the following modules in year 1:
Learning and assessment
COVID-19: we've made some changes to our learning and assessment methods for this academic year. Download the programme specification addendum in 'About this course' to learn more.
The learning activities for this course include the following:
- lectures
- classes and tutorials
- coursework
- individual and group projects
- independent learning (studying on your own)
How you'll spend your course time:
Year 1
Year 2
Year 3
Study time
Your scheduled learning, teaching and independent study for year 1:
How we'll assess you
Your assessment breakdown
Year 1:
Academic support
You’ll be supported by a personal academic tutor and have access to a senior tutor.
Course leader
Jian Tong is the course leader.
Careers
Employability is an essential part of our economics courses, ensuring you're equipped for a successful postgraduate career or further study. You'll be able to take an optional employability module designed to boost your professional skills.
You can also take modules to enhance your employability in particular areas. For instance, you could study social enterprise and finance modules that use our Bloomberg Trading Suite - the same technology used by city traders.
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:
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economists
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actuaries
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statisticians
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investment analysts
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financial advisers
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accountants
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management consultants
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business analysts
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marketing professionals
IBM runs a Business Innovation Programme during term time.
Our careers and employability service will support you throughout your time as a student, and for up to 3 years after graduation. It can help you to find work placements and graduate jobs, as well as offering specialist careers advice.
Careers services at Southampton
We are a top 20 UK university for employability (QS Graduate Employability Rankings 2019). Our Careers and Employability Service will support you throughout your time as a student and for up to 5 years after graduation. This support includes:
work experience schemes
CV and interview skills and workshops
networking events
careers fairs attended by top employers
a wealth of volunteering opportunities
study abroad and summer school opportunities
We have a vibrant entrepreneurship culture and our dedicated start-up supporter, Futureworlds, is open to every student.
Work in industry
You can take a year in employment in the third year of your degree.
Fees, costs and funding
Tuition fees
Fees for a year's study:
- UK/EU students pay £9,250.
- International students pay £17,560.
What your fees pay for
Your tuition fees pay for the full cost of tuition and all examinations.
Find out how to:
Accommodation and living costs, such as travel and food, are not included in your tuition fees. Explore:
Bursaries, scholarships and other funding
If you're a UK or EU student and your household income is under £25,000 a year, you may be able to get a University of Southampton bursary to help with your living costs. Find out about bursaries and other funding we offer at Southampton.
If you're a care leaver or estranged from your parents, you may be able to get a specific bursary.
Get in touch for advice about student money matters.
Scholarships and grants
You may be able to get a scholarship or grant that's linked to your chosen subject area.
We award scholarships and grants for travel, academic excellence, or to students from underrepresented backgrounds.
Support during your course
The Student Services Centre offers support and advice on money to students. You may be able to access our Student Support fund and other sources of financial support during your course.
Funding for international students
Find out about funding you could get as an international student.
How to apply
When you apply use:
- UCAS course code: L1N3
- UCAS institution code: S27
What happens after you apply?
We will assess your application on the strength of your:
- predicted grades
- academic achievements
- personal statement
- academic reference
We aim to respond to you within 2 to 6 weeks with a decision about your application.
Equality and diversity
We treat and select everyone in line with our Equality and Diversity Statement.
Got a question?
If you're not sure that you have the right experience or qualifications to get onto this course please contact our enquiries team; we're very happy to help.
Email: enquiries@southampton.ac.ukTel: +44(0)23 8059 5000