- UCAS course code
- L102
- UCAS institution code
- M20
Bachelor of Science (BSc)
BSc Economics
Duration: 3 or 4 years
Year of entry: 2025
UCAS course code: L102 / Institution code: M20
- Key features:
Study abroad
Industrial experience
- Typical A-level offer: AAA including Mathematics
- Typical contextual A-level offer: ABB including A in Mathematics
- Refugee/care-experienced offer: ABC including A in Mathematics
- Typical International Baccalaureate offer: 36 points overall with 6,6,6 at HL including Mathematics
Fees and funding
Fees
Tuition fees for home students commencing their studies in September 2025 will be £9,535 per annum (subject to Parliamentary approval). Tuition fees for international students will be £31,500 per annum. For general information please see the undergraduate finance pages.
Policy on additional costs
All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).
Scholarships/sponsorships
Scholarships and bursaries, including the Manchester Bursary , are available to eligible home/EU students.
Some undergraduate UK students will receive bursaries of up to £2,000 per year, in addition to the government package of maintenance grants.
You can get information and advice on student finance to help you manage your money.
Course unit details:
Intermediate Microeconomic Theory 2
| Unit code | ECON20512 |
|---|---|
| Credit rating | 10 |
| Unit level | Level 2 |
| Teaching period(s) | Semester 2 |
| Available as a free choice unit? | Yes |
Overview
This course aims to introduce students to rigorous analysis of the workings of the factor (i.e., labour and capital) markets and how uncertainty and asymmetric information affect the decision-making process of market actors.
At the end of this course unit, it is expected that you will be able to demonstrate your understanding of: (i) labour demand and supply, (ii) intertemporal choice, (iii) capital market and real interest rate, (iv) expected utility theory, (v) risk aversion, (vi) optimal insurance, (vii) risky asset investment, and (viii) asymmetric information.
Pre/co-requisites
| Unit title | Unit code | Requirement type | Description |
|---|---|---|---|
| Intermediate Microeconomic Theory 1 | ECON20501 | Co-Requisite | Compulsory |
ECON20501 Micro Analysis 3
Aims
This course aims to introduce students to rigorous analysis of the workings of the factor (i.e., labour and capital) markets and how uncertainty and asymmetric information affect the decision-making process of market actors.
Learning outcomes
At the end of this course unit, it is expected that you will be able to demonstrate your understanding of:
1. Labour demand and supply.
2. Intertemporal choice.
3. Capital market and real interest rate.
4. Expected utility theory.
5. Risk aversion.
6. Optimal insurance purchasing.
7. Risky asset investment.
8. Asymmetric information.
Syllabus
Provisional
- Factors Markets
Labour demand and supply;
Intertemporal choice;
Capital Market and real interest rate. - Uncertainty
Decisions under risk;
Expected utility Theory;
Risk aversion;
Optimal insurance;
Risky asset investment. - Asymmetric Information
Adverse selection;
Moral hazard;
Signalling.
Teaching and learning methods
Online Learning and Guided Self-Study
Employability skills
- Analytical skills
- Abstract and numerical reasoning.
- Problem solving
- Applying knowledge to unfamiliar problems.
- Written communication
- Using words, mathematics, and diagrams to explain, solve problems, and make arguments. Producing documents with text, mathematics, and diagrams. Academic writing.
Assessment methods
85% Exam
15% Mid-term test
Feedback methods
Weekly tutorial: A problem set containing questions designed to reinforce the understanding of the material covered in the lectures is assigned to each tutorial. Students are asked to attempt the questions before attending each tutorial, and get the questions answered by the tutor during the tutorial session.
Recommended reading
- Nicholson, Walter and Christopher Snyder, Intermediate Microeconomics and its Applications, Cenage Learning, 2015.
- Varian, Hal. R., Intermediate Microeconomics with Calculus, Norton, 2014.
Teaching staff
| Staff member | Role |
|---|---|
| Shomak Chakrabarti | Unit coordinator |
Additional notes
For every 10 course unit credits we expect students to work for around 100 hours. This time generally includes any contact times (online or face to face, recorded and live), but also independent study, work for coursework, and group work. This amount is only a guidance and individual study time will vary.