Economics and Management | University of Oxford
students outside a departmental building
Students walking to a lecture.
(Credit: Ian Wallman)

Economics and Management

mortar boardUCAS codeLN12calendarDuration3 years (BA)
pencilEntrance requirementsA*AA (with Maths at A or A*)HeadSubject requirements  Maths
tickAdmissions test(s)ox.ac.uk/tsacrossWritten workNone
bar chartAdmissions statistics*

Interviewed: 22%
Successful: 6%
Intake: 85
*3-year average 2017-19

phoneContact

+44 (0) 1865 271098
Email Economics and Management

Subject requirements:       Essential       Recommended       Helpful – may be useful on course

Unistats information for this course can be found at the bottom of the page

Please note that there may be no data available if the number of course participants is very small.

The Economics and Management degree examines issues central to the world we live in: namely how the economy and organisations function, and how resources are allocated and coordinated to achieve the organisation’s objectives. Economics and Management are ideal intellectual partners, each particularly fitted to strengthen and cross-fertilise the other.

Economics is the study of how consumers, firms and governments make decisions that together determine how resources are allocated. An appreciation of economics and the general workings of the economy have become increasingly necessary to understand government policy-making, the conduct of businesses, and the enormous changes in economic systems which are occurring throughout the world. It is also becoming increasingly important in both government and the private sector to have an understanding of some of the methods used within economics, such as quantitative methods, statistical and causal inference, and experimental methods.

Management is concerned with the effective use and coordination of materials and labour within an organisation in the pursuit of its defined objectives. Management considers the interrelationship and interactions between distinct parts of an organisation, and between the organisation and its environment. Students will look at theories, models and frameworks in order to understand how managers behave and to consider their role in the process of decision-making.

The teaching of this course is provided by both the Department of Economics and the Saïd Business School. However, it is not a Business Studies degree. The programme is taught as an academic subject within the Social Sciences Division of the University.

 Student Said Business School student in a library

"Applying to E&M, for me, was an obvious choice. Firstly, I feel it is the only course that truly reflects the ‘real world’ – be it by explaining the macroeconomy or the daily problems businesses are faced with – making it both relevant and exciting to study. Secondly, I find it has the perfect blend of both maths and essays, which helps to keep the course fresh and stimulating in comparison to other subjects. There is also a large scope for tailoring the course to your own strengths and interests because of the huge variety of modules offered in your second and third years. Whether you are fascinated by Game Theory or a budding entrepreneur, there is no doubt that you’ll love this course!"
EVA

“I find that Economics and Management is a varied, engrossing, relevant and academically rigorous degree. The scale and scope of the course is amazing. This year, I’m studying marketing and strategy as part of my management options, and think I will keep an even split between economics and management as I enjoy being able to study both mathematics and essay-based elements of the course. The Saïd Business School, where the management part of the course is taught, has everything from an expansive library to a subsidised canteen (which is useful for study breaks!). The Economics Department is close to the Social Science Library which has every book an Economics student could need.”
JACK
“The first year of the Economics and Management course at Oxford aims to provide a general overview of the different areas the subjects involve, so that students can choose which ones they wish to focus on in the second and third year. There is a nice balance between maths problems for economics and essay writing for management which keeps things interesting. The tutorial system is one of the great things about studying at Oxford and it is extremely rewarding to sit down for an hour with a leading expert in your chosen field to discuss an essay you have written or to go over a difficult maths problem.”
ANNA

Economics and Management

A typical week

  • Six lectures
  • Two tutorials or classes
  • Preparation for tutorials and classes: reading, writing essays, solving problem sets (up to two and a half days for each tutorial or class)

Tutorials are usually 2-4 students and a tutor. Class sizes may vary depending on the options you choose. There would usually be no more than around 20 students though classes for some of the more popular papers may be up to 40 students. Most tutorials, classes, and lectures are delivered by staff who are tutors in their subject. Many are world-leading experts with years of experience in teaching and research. Some teaching may also be delivered by postgraduate students who are usually studying at doctorate level. To find out more about how our teaching year is structured, visit our Academic Year page.

Course structure

YEAR 1

COURSES

Three courses are taken:

  • Introductory economics
  • General management
  • Financial management

ASSESSMENT

First University examinations: three written papers

YEARS 2 AND 3

COURSES

Courses must include:

  • At least two Economics courses, of which at least one must be Microeconomics, Macroeconomics, Quantitative economics or Development of the world economy since 1800
  • At least two Management courses
  • A total of eight courses
  • For optional courses in Economics there are pre-requisites drawn from Microeconomics, Macroeconomics and Quantitative economics.
  • Current options include:
    • Strategic management
    • Finance
    • Organisational behaviour
    • Marketing
    • Economics of industry
    • Money and Banking
    • Development economic

The options listed above are illustrative and may change. More information about current options is available on the Department of Economics website and Saïd Business School website.

ASSESSMENT

Final University examinations: the eight courses are assessed by written examinations in most cases. Some courses are assessed via coursework. It is possible to write a thesis in either Economics or Management in place of one optional paper.

 

The content and format of this course may change in some circumstances. Read further information about potential course changes.

Academic requirements 

A-levels:A*AA including Mathematics at grade A or above
Advanced Highers:                    AA/AAB
IB: 39 (including core points) with 766 at HL                                                   
Or any other equivalent (see other UK qualifications, and international qualifications)

Wherever possible, your grades are considered in the context in which they have been achieved. (See further information on how we use contextual data.) 

Subject requirements

 Essential: 
Candidates are required to have Mathematics to A-level (A* or A grade), Advanced Higher (A grade), Higher Level in the IB (score 6 or 7) or another equivalent.

If, and only if, you have chosen to take any science A-levels, we expect you to take and pass the practical component in addition to meeting any overall grade requirement.

If English is not your first language you may also need to meet our English language requirements.

Applying

All candidates must follow the application procedure as shown in applying to Oxford. The information below gives specific details for students applying for this course.

Admissions test

Test: TSA
Test date:4 November 2020                
Registration deadline:                   6pm 15 October 2020                                                                          

All candidates must take the Thinking Skills Assessment (TSA) as part of their application. Separate registration for this test is required and it is the responsibility of the candidate to ensure that they are registered. We strongly recommend making the arrangements in plenty of time before the deadline. For everything you need to know, including guidance on how to prepare, see the TSA page. 

Written work

You do not need to submit any written work as part of an application for this course.

What are tutors looking for?

We are looking for candidates with an interest in and a motivation for studying the organisation of businesses and the economy; a capacity to construct and critically assess arguments; and a willingness and an ability to express their ideas clearly and effectively both on paper and orally. Successful candidates will also show independence and flexibility of thought and an ability to analyse and solve problems logically and critically. The interview is not primarily a test of existing knowledge and, in particular, is not a test of any economics or management studied previously.

For more detail on the selection criteria for this course, please see the Economics website.

Careers

Oxford graduates in Economics and Management are among the most sought after by employers. Their current employers include leading international organisations in traditional activities, as well as new start-up companies in a variety of high-tech fields. Recent graduates have secured positions in banking and finance, consultancy, research, journalism, industry, the Civil Service and teaching as well as a wide range of other sectors.

Imogen now leads Partnerships and VC relations for the Start-up Program at Start-up Grind. She says: ‘E&M is an excellent degree as it draws on a wide range of skills: you analyse economic theories as well as digest, summarise and communicate key points from the literature. You have the opportunity and flexibility to tailor the degree to suit your interests - whether that’s analysing complex mathematical models or focusing more on essays. In my career so far I’ve found the Management material to be particularly useful, especially when I worked in a small start-up and was involved in various parts of the business. In particular, strategy, marketing and organisational behaviour have been invaluable!’

Dean is an analyst for Greenhill & Co, a leading independent mergers and acquisitions advisory firm. He says: ‘Oxford provided an unparalleled opportunity to enhance my self-confidence, develop thorough analytical skills and hone my ability to communicate in a clear and articulate manner – prerequisites for a career in investment banking.’

Oxford University is committed to recruiting the best and brightest students from all backgrounds. We offer a generous package of financial support to Home/EU students from lower-income households. (UK nationals living in the UK are usually Home students.)

Latest information for UK and EU undergraduates who will begin their course in 2020 can be found here. Further information for EU students starting in 2020 is available here.

Fees

These annual fees are for full-time students who begin this undergraduate course here in 2020.

Fee status

Annual Course fees

Home/EU£9,250
Islands
(Channel Islands & Isle of Man)
£9,250
Overseas£30,030

For more information please refer to our course fees page. Fees will usually increase annually. For details, please see our guidance on likely increases to fees and charges.

EU applicants should refer to our dedicated webpage for details of the implications of the UK’s plans to leave the European Union.

Living costs

Living costs at Oxford might be less than you’d expect, as our world-class resources and college provision can help keep costs down.

Living costs for the academic year starting in 2020 are estimated to be between £1,135 and £1,650 for each month you are in Oxford. Our academic year is made up of three eight-week terms, so you would not usually need to be in Oxford for much more than six months of the year but may wish to budget over a nine-month period to ensure you also have sufficient funds during the holidays to meet essential costs. For further details please visit our living costs webpage.

Financial support

Home/EU

A tuition fee loan is available from the UK government to cover course fees in full for Home (UK)/EU students undertaking their first undergraduate degree*, so you don’t need to pay your course fees up front.

In 2020 Oxford is offering one of the most generous bursary packages of any UK university to UK and EU students with a family income of around £42,875 or less, with additional opportunities available to UK students from households with incomes of £27,500 or less. This support is available in addition to the government living costs support.  See further details.

Islands
(Channel Islands and Isle of Man)

Islands students are entitled to different support to that of students from the rest of the UK.

Please refer the links below for information on the support to you available from your funding agency:

States of Jersey
States of Guernsey
Isle of Man

Overseas

Please refer to the "Other Scholarships" section of our Oxford Bursaries and Scholarships page.

*If you have studied at undergraduate level before and completed your course, you will be classed as an Equivalent or Lower Qualification student (ELQ) and won’t be eligible to receive government or Oxford funding

Fees, Funding and Scholarship search

Additional Fees and Charges Information for Economics and Management

There are no compulsory costs for this course beyond the fees shown above and your living costs.

Contextual information

Course data from Discover Uni provides applicants with statistics about undergraduate life at Oxford. But there is so much more to an Oxford degree that the numbers can’t convey.

The Oxford tutorial

College tutorials are central to teaching at Oxford. Typically, they take place in your college and are led by your academic tutor(s) who teach as well as do their own research. Students will also receive teaching in a variety of other ways, depending on the course. This will include lectures and classes, and may include laboratory work and fieldwork. However, tutorials offer a level of personalised attention from academic experts unavailable at most universities.

During tutorials (normally lasting an hour), college subject tutors will give you and one or two tutorial partners feedback on prepared work and cover a topic in depth. The other student(s) in your college tutorials will be from your year group, doing the same course as you and will normally be at your college. Such regular and rigorous academic discussion develops and facilitates learning in a way that isn’t possible through lectures alone. Tutorials also allow for close progress monitoring so tutors can quickly provide additional support if necessary.

Read more about tutorials and an Oxford education

College life

Our colleges are at the heart of Oxford’s reputation as one of the best universities in the world.

  • At Oxford, everyone is a member of a college as well as their subject department(s) and the University. Students therefore have both the benefits of belonging to a large, renowned institution and to a small and friendly academic community. Each college or hall is made up of academic and support staff, and students. Colleges provide a safe, supportive environment leaving you free to focus on your studies, enjoy time with friends and make the most of the huge variety of opportunities.
  • Each college has a unique character, but generally their facilities are similar. Each one, large or small, will have the following essential facilities:
    • Porters’ lodge (a staffed entrance and reception)
    • Dining hall
    • Lending library (often open 24/7 in term time)
    • Student accommodation
    • Tutors’ teaching rooms
    • Chapel and/or music rooms
    • Laundry
    • Green spaces
    • Common room (known as the JCR).
  • All first year students are offered college accommodation either on the main site of their college or in a nearby college annexe. This means that your neighbours will also be ‘freshers’ and new to life at Oxford. This accommodation is guaranteed, so you don’t need to worry about finding somewhere to live after accepting a place here, all of this is organised for you before you arrive.
  • All colleges offer at least one further year of accommodation and some offer it for the entire duration of your degree. You may choose to take up the option to live in your college for the whole of your time at Oxford, or you might decide to arrange your own accommodation after your first year – perhaps because you want to live with friends from other colleges.
  • While college academic tutors primarily support your academic development, you can also ask their advice on other things. Lots of other college staff including welfare officers help students settle in and are available to offer guidance on practical or health matters. Current students also actively support students in earlier years, sometimes as part of a college ‘family’ or as peer supporters trained by the University’s Counselling Service.

More about Oxford colleges and how you choose