Economics and Management | University of Oxford
Economics and Management
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Economics and Management

Economics studies how consumers, firms and governments make decisions that together determine how resources are allocated. An appreciation of economics helps to make sense of government policy-making, the conduct of businesses and the enormous changes in economic systems which are occurring throughout the world.  Management is concerned with the effective use and coordination of materials and labour within organisations in the pursuit of the organisation’s defined objectives. It considers the interrelationship and interactions between distinct parts of an organisation, and between the organisation and its environment. Management students look at theories, models and frameworks in order to understand how managers behave and consider their role in the process of decision-making.

This top-ranking Economics and Management undergraduate degree programme examines issues central to the world: how the economy and organisations function, and how resources are allocated and coordinated. Economics and Management are ideal intellectual partners. Economics provides a broad understanding of economic activity within which all organisations function; Management in turn analyses the character and goals of that functioning.

The lectures and seminars are provided by the Department of Economics and the Saïd Business School.


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 and teaching as well as a wide range of other sectors.

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.’

Related courses

Students interested in this course might also like to consider History and Economics, or Philosophy, Politics and Economics (PPE).

A typical week

  • Six lectures and two tutorials or classes
  • Preparation for the tutorials and classes: reading, writing essays, solving problem sets; up to two and a half days for each tutorial or class
  • Discussing the essay or the problems in the 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.

1st year


Three courses are taken:

  • Introductory economics
  • General management
  • Financial management


First University examinations: Three written papers

2nd and 3rd years


Compulsory courses:

  • Microeconomics
  • Macroeconomics
  • Quantitative economics

Optional courses, of which at least two must be in Management

Choose from more than 20 options papers. Current options include:

  • Strategic management
  • Finance
  • Organisational behaviour
  • Marketing
  • Economics of industry
  • International economics
  • Development economics

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


Final University examinations: The three core Economics papers and five optional papers (including at least two from Management) are examined by written examinations. 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.

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

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

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.

All candidates must also take the Thinking Skills Assessment (TSA) as part of their application. 

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.)


These annual fees are for full-time students who begin this undergraduate course here in 2019.

Fee status

Annual Course fees

(Channel Islands & Isle of Man)

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 2019 are estimated to be between £1,058 and £1,643 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


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 2019 Oxford is offering one of the most generous bursary packages of any UK university to those on a family income of around £42,875 or less, with additional opportunities available to those from households with incomes of £16,000 or less. This support is available in addition to the government living costs support.  See further details.

(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


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.

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.

Written test

All candidates must take the Thinking Skills Assessment (TSA) in their own school or college or other approved test centre on Wednesday 31 October 2018. Candidates must make sure they are available to take the test at this time. Separate registration for this test is required and the final deadline for entries is Monday 15 October 2018. It is the responsibility of the candidate to ensure that they are registered for this test. 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?

  • An interest in and a motivation for studying the organisation of businesses and the economy
  • Independence and flexibility of mind
  • An ability to analyse and solve problems logically and critically
  • A capacity to construct and critically assess arguments
  • A willingness and an ability to express ideas clearly and effectively both on paper and orally.

The interview is not primarily a test of existing knowledge and, in particular, is not a test of economics or management, unless these subjects have been studied before.

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

Suggested reading

An indispensable introduction to economic analysis, both for those who have not studied it at school and for those who have is The Economist or the Economics pages of newspapers. Paul Krugman’s writings are highly recommended. Begg, Fischer and Dornbusch’s Economics is one of the introductory textbooks widely used at Oxford.


Johannes Hahn

Johannes Hahn

Watch a series of short videos of students talking about some aspect of their time at Oxford.


'It’s not just about doing the work - it’s about engaging fully in the subject. You’re going to discuss this subject each week with a world expert, who is passionate about it as well.'


'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.'


He 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.’


First job after graduating

Strategy Consultant at Pragma Consulting

Current job

I work as an Analyst at Pragma, who are a strategic partner for operators and investors in consumer markets.

How did Oxford prepare you for this type of work?

Studying Economics & Management at Oxford helped me develop the skills that I use on a day-to-day basis at work. My job requires a high level of analytical thinking and coherent thinking to find solutions to problems, and these are skills that are continually developed during study at Oxford. I also use the concepts I learnt and apply them to real world business scenarios.

What was the most important thing your time at Oxford taught you?

Oxford, and the people I met there, gave me the self-confidence and belief that I could surpass all expectations and achieve anything that I wanted to.

Contextual information

The Key Information Sets provide a lot of numbers about the Oxford experience – but there is so much about what you get here that numbers can’t convey. It’s not just the quantity of the Oxford education that you need to consider, there is also the quality – let us tell you more.

Oxford’s tutorial system

Regular tutorials, which are the responsibility of the colleges, are the focal point of teaching and learning at Oxford. The tutorial system is one of the most distinctive features of an Oxford education: it ensures that students work closely with tutors throughout their undergraduate careers, and offers a learning experience which is second to none.

A typical tutorial is a one-hour meeting between a tutor and one, two, or three students to discuss reading and written work that the students have prepared in advance. It gives students the chance to interact directly with tutors, to engage with them in debate, to exchange ideas and argue, to ask questions, and of course to learn through the discussion of the prepared work. Many tutors are world-leaders in their fields of research, and Oxford undergraduates frequently learn of new discoveries before they are published.

Each student also receives teaching in a variety of other ways, depending on the course. This will include lectures and classes, and may include laboratory work and fieldwork. But the tutorial is the place where all the elements of the course come together and make sense. Meeting regularly with the same tutor – often weekly throughout the term – ensures a high level of individual attention and enables the process of learning and teaching to take place in the context of a student’s individual needs.

The tutorial system also offers the sustained commitment of one or more senior academics – as college tutors – to each student’s progress. It helps students to grow in confidence, to develop their skills in analysis and persuasive argument, and to flourish as independent learners and thinkers.

More information about tutorials

The benefits of the college system

  • Every Oxford student is a member of a college. The college system is at the heart of the Oxford experience, giving students the benefits of belonging to both a large and internationally renowned university and a much smaller, interdisciplinary, college community.
  • Each college brings together academics, undergraduate and postgraduate students, and college staff. The college gives its members the chance to be part of a close and friendly community made up of both leading academics and students from different subjects, year groups, cultures and countries. The relatively small size of each college means that it is easy to make friends and contribute to college life. There is a sense of belonging, which can be harder to achieve in a larger setting, and a supportive environment for study and all sorts of other activities.
  • Colleges organise tutorial teaching for their undergraduates, and one or more college tutors will oversee and guide each student’s progress throughout his or her career at Oxford. The college system fosters a sense of community between tutors and students, and among students themselves, allowing for close and supportive personal attention to each student’s academic development.

It is the norm that undergraduates live in college accommodation in their first year, and in many cases they will continue to be accommodated by their college for the majority or the entire duration of their course. Colleges invest heavily in providing an extensive range of services for their students, and as well as accommodation colleges provide food, library and IT resources, sports facilities and clubs, drama and music, social spaces and societies, access to travel or project grants, and extensive welfare support. For students the college often becomes the hub of their social, sporting and cultural life.

More about Oxford’s unique college system and how to choose a college

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