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Economics with Econometrics

I want to study Economics at uni and have been looking at a range of differnt cources, my first idea was Economics and maths(at Bath). However i recently came across an Economics with Econometrics course (specifcally at Exeter) and was just wondering what this course entails. I know it is to do with modelling and statistics, but how much does it differ from straight economis or economics and maths.
If anyone has any previous experiences or knows anymore about this course, please leave a comment. Your help is greatly appreciated.
Original post by FlyingAir
I want to study Economics at uni and have been looking at a range of differnt cources, my first idea was Economics and maths(at Bath). However i recently came across an Economics with Econometrics course (specifcally at Exeter) and was just wondering what this course entails. I know it is to do with modelling and statistics, but how much does it differ from straight economis or economics and maths.
If anyone has any previous experiences or knows anymore about this course, please leave a comment. Your help is greatly appreciated.

Although I've never studied at Bath or Exeter, I did do my undergrad in maths & economics, master's in econometrics and mathematical economics, and PhD in economics, so in one form or another I have covered the three different strands of courses you've mentioned - so might be able to answer some of your questions.

The main difference is that Maths & Economics as a degree (or Economics & Maths), is more like two different courses that you study at the same time. The maths is of a high level (i.e. actual university level maths). You'll study the main core economics modules like micro, macro and econometrics, but you'll study less of the economics optional modules (where you specialise e.g. economic history, labour economics, industrial organisation, etc) as you'll be taking maths modules too.

In contrast, BSc Economics & Econometrics degrees are far closer to straight economics degrees. They're essentially economics degrees but you have to substitute 1-2 optional modules in years 2 & 3 to do econometrics classes. Often BSc Economics students can do these too, it's just they have the choice whereas they'll be compulsory for you. And the reward for this trade off of less flexibility is a slightly more quantitatively sounding degree.

If you look at Exeter specifically, you'll see that first years straight Econ and 'with econometrics' courses both study the exact same in first year. The difference comes in 2nd year when you have to take intro to econometric theory instead of an optional class, and in 3rd year you have to take econometric analysis instead of an optional module.

In terms of content, it's very different between Econ & Maths Vs Econ and metrics. In the former, you'll take proper maths and stats classes (i.e. often in the maths department, so they're a good level). In Econ and Metrics, the additional econometrics are just more advanced Econometrics classes than the core ones you study on a straight Econ course. The extra metrics classes are taught by the Econ department and will be far less advanced than the maths and stats classes taught on a maths & Econ course. And you can see this difference in the entry requirements, often maths & Econ ask for further maths.

In terms of which is better, it simply depends on your abilities, interests and desired outcomes of your degree. I would say maths and economics is probably more flexible career-wise as you can still go for all the Econ jobs, but it keeps options like data science, quants, and actuarial science more open. 'With Econometrics' courses don't really offer many more opportunities than straight economics, as it's essentially just a normal Econ degree but with a few more statistical classes. There aren't that many roles at all that would take an economics and econometrics grad but wouldn't take a straight Econ grad - it's just you'd be a bit more statistically/econometrically savvy, so might give a slight edge in some roles, but doesn't really open more doors.
(edited 10 months ago)
Reply 2
Original post by BenRyan99
Although I've never studied at Bath or Exeter, I did do my undergrad in maths & economics, master's in econometrics and mathematical economics, and PhD in economics, so in one form or another I have covered the three different strands of courses you've mentioned - so might be able to answer some of your questions.

The main difference is that Maths & Economics as a degree (or Economics & Maths), is more like two different courses that you study at the same time. The maths is of a high level (i.e. actual university level maths). You'll study the main core economics modules like micro, macro and econometrics, but you'll study less of the economics optional modules (where you specialise e.g. economic history, labour economics, industrial organisation, etc) as you'll be taking maths modules too.

In contrast, BSc Economics & Econometrics degrees are far closer to straight economics degrees. They're essentially economics degrees but you have to substitute 1-2 optional modules in years 2 & 3 to do econometrics classes. Often BSc Economics students can do these too, it's just they have the choice whereas they'll be compulsory for you. And the reward for this trade off of less flexibility is a slightly more quantitatively sounding degree.

If you look at Exeter specifically, you'll see that first years straight Econ and 'with econometrics' courses both study the exact same in first year. The difference comes in 2nd year when you have to take intro to econometric theory instead of an optional class, and in 3rd year you have to take econometric analysis instead of an optional module.

In terms of content, it's very different between Econ & Maths Vs Econ and metrics. In the former, you'll take proper maths and stats classes (i.e. often in the maths department, so they're a good level). In Econ and Metrics, the additional econometrics are just more advanced Econometrics classes than the core ones you study on a straight Econ course. The extra metrics classes are taught by the Econ department and will be far less advanced than the maths and stats classes taught on a maths & Econ course. And you can see this difference in the entry requirements, often maths & Econ ask for further maths.

In terms of which is better, it simply depends on your abilities, interests and desired outcomes of your degree. I would say maths and economics is probably more flexible career-wise as you can still go for all the Econ jobs, but it keeps options like data science, quants, and actuarial science more open. 'With Econometrics' courses don't really offer many more opportunities than straight economics, as it's essentially just a normal Econ degree but with a few more statistical classes. There aren't that many roles at all that would take an economics and econometrics grad but wouldn't take a straight Econ grad - it's just you'd be a bit more statistically/econometrically savvy, so might give a slight edge in some roles, but doesn't really open more doors.


Thanks a lot, this was very helpful.

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