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The University of Southampton
University of Southampton Malaysia

BSc Economics and Actuarial Science

Combining economics and actuarial science, this degree uses mathematical and statistical methods to assess risk and uncertainty.

Introducing your degree

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.

Changes due to COVID-19

Any future COVID-related restrictions could mean we might have to change the way parts of our teaching and learning take place.

We are working hard to plan for a number of possible scenarios. This means that some of the information on this course page may be subject to change.

Programme Structure

In Year 1 you'll learn core principles in mathematics and statistical techniques such as optimisation and hypothesis testing. You'll also study macroeconomics to learn about measures of GDP, inflation and unemployment, and concepts used in microeconomics.

You'll deepen your understanding of economics in Year 2 by studying both macroeconomics and microeconomics alongside econometrics and applied statistics.

In your final year, you can choose to write a dissertation in an economics or demography topic of your choice.

The overall programme structure is flexible, allowing you to discover and pursue your own interests, either by choice of options or, if appropriate, by transferring to Southampton’s UK campus. UK campus transfers are subject to students meeting the requirements of the programme, capacity at the relevant campus and UoS Faculty and UoSM approval.

Typical entry requirements

Entry Qualifications for Undergraduate Courses

Successful applicants typically have AAA with A in mathematics; or AAB with A in mathematics and B in further mathematics. Offers typically exclude General Studies.

The below subjects are considered as restricted. This means that we can accept one subject from the following list if combined with other academic subjects:

  • Applied subjects
  • Art: including Design, Fine Art, Photography, Textiles
  • Communication Studies
  • Communication and Culture
  • Creative Media
  • Creative Writing
  • Critical Thinking
  • Dance
  • Drama
  • Film Studies
  • Health & Social Care
  • Home Economics
  • Hospitality and Supervision
  • ICT/IT
  • Leisure Studies
  • Media Studies
  • Music Technology
  • Outdoor Education
  • PE
  • Performing Arts
  • Public Services
  • Sports Studies/Science
  • Theatre Studies
  • Travel & Tourism
  • World Development

Please note: Computing, Computer Studies, Product Design and Applied Business (single and double awards) are not considered to be restricted subjects.

The equivalent to that would be:

QualificationOur standard offers are listed below but where we have places available, students may be admitted with slightly lower grades
UEC Senior Middle Level with 5 A grades or distinctions only
International Baccalaureate Diploma

Pass, with 34 points overall with 17 points at Higher Level

Applications where Higher Level subjects have been studied without the full Diploma, will also be considered on a case by case basis.

International Baccalaureate Diploma

70% pass overall

Other Foundation Years will be considered on a case by case basis.


D in the BTEC Subsidiary Diploma plus AA from two A levels

DD in the Business BTEC Diploma plus A grade from one A-level

DDD in the Business BTEC Extended Diploma

GCSE requirements

Applicants must hold GCSE English language (or GCSE English) (minimum grade 4/C) and mathematics (minimum grade 6/B *).

* We can accept a grade 5 in GCSE mathematics if you achieve grade B in A level Maths, Physics, Economics, Geography, Psychology or Business

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. You'll need an overall score of 6.5 and the following scores for reading, writing, listening and speaking:

IELTS score requirements

Reading 5.5

Writing 5.5

Speaking 5.5

Listening 5.5

Find out more about the University’s English Language requirements

Selection process:

As well as 'A' levels (as awarded in the UK secondary education system) we will accept an equivalent standard in other qualifications approved by the University for entry to our courses.

This page contains specific entry requirements for this course. Find out about equivalent entry requirements and qualifications for your country.

Typical course content

You can find the module information here

Please note: This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if s/he takes full advantage of the learning opportunities that are provided. More detailed information can be found in the programme handbook (or other appropriate guide or website).

Year 1 modules

Compulsory modules 

  • ECON1018 Economics with Experiments  
  • MATH1048 Linear Algebra I  
  • ECON1016 Economics Skills and Employability 1 2021-22 

Core modules 

  • ECON1008 Mathematics for Economics 

Part I Semester 1 Microeconomics Core Options 

You must select 7.5ECTS/15CATS from the following;

Students WITHOUT Economics A Level (or equivalent) must take ECON1020 Foundations of Microeconomics


Students WITH Economics A Level (or equivalent) must take ECON1022 Principles of Microeconomics.

  • ECON1020 Foundations of Microeconomics  
  • ECON1022 Principles of Microeconomics  
  • ECON1017 Economics with Data  
  • ECON1021 Principles of Macroeconomics  
  • ECON1011 Quantitative Modelling in Economics  
  • ECON1007 Statistics for Economics  

Year 2 Modules 

Compulsory Modules:

  • ECON2041 Econometric Theory  
  • MATH2040 Financial Mathematics  
  • ECON2037 Intermediate Macroeconomics  
  • ECON2039 Intermediate Microeconomics  
  • ECON2034 ECON Dissertation: Prelim Info  
  • ECON2042 Econometrics with Big Data  
  • ECON2035 Economics Skills and Employability 2

Compulsory Options Actuarial Science

You must select between 7.5ECTS/15CATS and 15ECTS/30CATS from the following modules

  • MANG2014 Accounting and Finance for Non-Specialists  
  • MATH2012 Stochastic Processes 

Compulsory Options Economics Applications

You must select between 7.5 ECTS/15 CATS and 15ECTS/30CATS from the following modules. Note that ECON2004 is a prerequisite for ECON3010 Topics in Macroeconomics in Part III. 

  • ECON2013 Development Economics  
  • ECON2005 Industrial Economics  
  • ECON2004 Topics in Macroeconomics 2 

Year 3 Modules

Compulsory Options Actuarial Science

You can select between 7.5ECTS/15CATS and 15ECTS/30CATS from the following modules:

  • MATH3063 Actuarial Mathematics I  
  • ECON2040 Computational Economics  
  • MATH3085 Survival Models  
  • MATH3066 Actuarial Mathematics II  
  • MATH3022 Mathematical Finance  
  • STAT3010 Statistical Methods in Insurance  

Compulsory Options Economics  

  • ECON3034 International Trade  
  • ECON3008 Macroeconomic Policy 3  
  • ECON3004 Public Economics  
  • ECON3027 Labour Economics  
  • ECON3015 Principles of Finance  
  • ECON3010 Topics in Macroeconomics 3  
  • ECON3033 Economics Skills and Employability 3  

Note that ECON3010 Topics in Macroeconomics requires ECON2004

Core Options

  • ECON3036 Dissertation: Literature Review  
  • DEMO3011 Project/Dissertation  

Tuition fees

Year of studyMode of studyMalaysianInternational
2021/22 Full-time RM40,900 RM47,450
View Course Fees

Scholarships and bursaries are available at the University of Southampton Malaysia

Funding opportunities

Costs associated with this course

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In some cases you'll be able to choose modules (which may have different costs associated with that module) which will change the overall cost of a programme to you. Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

The learning activities for this course include the following:

  • lectures
  • classes and tutorials
  • coursework
  • individual and group projects
  • independent learning (studying on your own)

Support for your studies

You'll be supported by a personal academic tutor and have access to a senior tutor.

How you’ll spend your study time

Your scheduled learning, teaching and independent study, year by year.

How we’ll assess you

We’ll assess you using:

  • coursework, laboratory reports and essays
  • dissertations
  • essays
  • group essays
  • oral presentations
  • self-assessment
  • teamwork
  • individual and group projects
  • written exams

Study Locations

The campus building

Malaysia campus

The Malaysia Campus is located in the state of Johor near the southwes...Find out more

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