The knowledge of business and economics is used to study and analyse: the interaction between markets and people; the production and distribution cycle of wealth; activities related to the buying and selling of goods and services; and the role of governments in managing the business and economic activities.
Business and economics is a wide field of knowledge and consists of narrower subject areas such as business management, finance, accounting, econometrics, micro and macro economics. Undergraduate degrees in business and economics in the UK are usually for 3 years and may extend up to 4 years with a placement year. These are also offered as dual degrees or joint honours degrees for instance a BSc Economics degree could be combined with science based subjects such as mathematics or statistics; a B.A Economics degree is offered with disciplines such as politics or psychology.
Universities in the UK are examined and evaluated on several parameters including research reputation, industry income, research volume, citations, teaching quality, learning environment, innovation and influence and international outlook for students, teachers and research.
Find out which universities in the UK are the best for studying Economics and Business below from the Times Higher Education World University Rankings 2020.
Top 5 UK Universities for Economics and Business in 2020
The Department of Economics at Oxford University is amongst the best in Europe having established excellent standards of research and teaching. The faculty at Oxford includes the most eminent researchers and economists in the field who have made significant contributions to modern economic analysis.
The BA (Hons) Economics and Management programme is Oxford’s top rated undergraduate degree in economics and was ranked #1 in the Guardian League Table 2019 for best degrees in business, management and marketing. Other integrated degree programmes offered at the Department of Economics include:
- BA (Hons) History and Economics
- BA (Hons) Philosophy, Politics and Economics
- MSc Financial Economics
- MSc Economics for Development
The Faculty of Economics at the University of Cambridge is one of the oldest and greatest in the world. Economics at Cambridge is a very broad course which allows a comprehensive and in-depth study of core economics incorporating mathematical and statistical techniques as well as political, historical and social insights. Mathematics is an essential requirement for economic courses at Cambridge as the university strongly emphasises the use of mathematical models for analysis of economic problems.
Tripos, the undergraduate course at Cambridge University has been consistently ranked #1 by the Complete University Guide and its faculty members include the most distinguished economists and Nobel Prize winners. Postgraduate programmes in Economic Research, Finance and Economics cover interesting, stimulating and challenging content, making Economics at Cambridge one of the best in the world.
The London School of Economics and Political Science is a world class institution which specialises in the teaching of economics and other social science disciplines including politics, law, sociology and anthropology. LSE is a renowned institution and boasts association with many Nobel winners and world leaders. Business and Economic courses at LSE include:
- Economics & Econometrics
- Economics & Finance
- Economics & Management
- Mathematics and Economics
- Economics and Politics
University College London is a leading UK university with outstanding global reputation for distinguished teaching and current research in economics. The Department of Economics teaches contemporary courses on globalisation, regulation of public utilities and policy choices in developing countries.
The undergraduate Business and Economics programme at UCL is a three year programme with a year abroad option. The degree course helps students in achieving a grounding knowledge of both economics and business. Students are also encouraged to gain insights into the regional economic issues through research.
The University of Warwick is at the forefront of economic research and education in the UK and the world. Warwick consistently ranks at the top for excellent research framework. All teaching activity at the Department of Economics is strongly focussed on groundbreaking, original research led by the world’s best academics.
A wide range of undergraduate and integrated postgraduate courses in economics and business are available at the University of Warwick such as:
- BSc Economics
- BSc Economics and Industrial Organisation
- MSc Economics
- MSc Economics and International Financial Economics
- MSc Behavioural and Economic Science
- MSc Finance and Economics
Study Economics & Business in the UK
The study of economics and business is versatile and economics and business professionals are highly employable in a wide range of industries. If you are interested in studying economics and business from the UK, arrange a free consultation with SI-UK to start with your applications.