Skip to main content

Bachelor of Science in Economics and Mathematics

Bachelor of Science in Economics and Mathematics
NFQ Level 8 major Award Honours Bachelor Degree

Entry Route: Mathematics (Common Entry) - LM124

Course code:
LM124
Duration:
4 Years

Course leader:
Dr. Helen Purtill
Email: Tel:
061 202481
Admissions:
Tel: 00 353 61 202015
Queries: www.ul.ie/admissions-askus
 
 

If you like mathematics and economics, and like to question what underlies the physical and economic world around you, then this may well be the course for you. By the end of this course you will be able to understand and apply various mathematical and statistical techniques to gain insight into the physical and economic world around us.

Entry route to Economics and Mathematics at UL is via LM124 Mathematics Common Entry.

Why Study Economics and Mathematics Sciences at UL?

With strong applied quantitative skills, employment prospects for graduates of this programme are excellent. In a dynamic learning environment, you will develop high standards of numeracy and key skills in analytical thinking, therefore many diverse career opportunities will be open to you upon graduation.

The aim of this degree is to equip the mathematically competent students with a more specialised focus at the level of mathematical theory and statistical analysis, while simultaneously providing them with an exposure to the principles of economics and its key applications.

Read about our students experiences

UL Helped Me Reach the Sky

"Back in Transition Year in school, my goal was to get into UL and then go to Boeing. For the next three years, my dream was slowly realised."

Read More

UL - The Ultimate Student Experience

"When I chose to do International Business, l really didn’t know what to expect from my time in UL, but I can say I’ve had a great experience here and the day I leave UL will be a sad one for me&

Read More

From Business Studies, to Mountain Biking - How I Do it All at UL

"Living on Ireland’s leading sports campus means that I don’t have to waste any time commuting to my gym sessions and can maximise my time"

Read More

What you will study

The course is full time over four years. In the first two years of the programme, students are introduced to the principles of macro - and microeconomics, calculus, and statistics. The final two years of the programme concentrate on the development of skills in mathematical modelling, statistical analysis and econometrics and their application to a range of problems in economics. The second semester of Year 3 is spent on a Cooperative Education placement. You will gain experience in a working environment which requires the skills that you will have developed during your studies.

In Years 2, 3 or 4, students can apply to spend a semester studying abroad at one of our partner institutes worldwide.

For further details, log on to www.maths.ul.ie

  Semester 1   Semester 2
MS4021 Calculus 1 MS4022 Calculus 2
MS4131 Linear Algebra 1 MS4212 Introductory Data Analysis
CE4701 Computer Software 1 MS4222 Introduction to Probability & Statistics
EC4111 Microeconomics   Electives – choose two of:
  Electives – choose one of: AC4214 Accounting for Financial Decision Making
    MS4122 Further Linear Algebra
AC4213 Financial Accounting CE4702 Computer Science 2
PH4051 Measure & Properties of Matter    
PH4131 Mechanics/Heat/Electricity/Magnetism    
CS4221 Foundations of Computer Science 1    
MS4101 Mathematics Laboratory    
  Semester 3   Semester 4
MS4035 Probability Models EC4711 EU Economic Environment
MS4403 Ordinary Differential Equations EC4014 International Economics
EC4213 Intermediate Macroeconomics EC4044 Applied Economic Analysis
EC4307 Econometrics   Electives – choose two of:
MS4043 Methods of Linear Analysis MS4404 Partial Differential Equations
    MS4014 Introduction to Numerical Analysis
    MS4034 Applied Data Analysis
    MS4303 Operations Research 1

 

  Semester 5   Semester 6
MS4214 Statistical Inference C04320 Cooperative Education
MS4215 Advanced-Data Analysis    
EC4333 Economics of European Integration    
EC4045 Economics of Natural Resources    
EC4427 Managerial Economics    
  Elective - choose one:    
MA4617 Introduction to Fluid Mechanics    
MB4005 Analysis    
MS4105 Linear Algebra 2    
MB4017 Geometry    
  Semester 7   Semester 8
EC4417 Industrial Economics EC4408 Public Finance
EC4437 International Political Economy EC4418 Monetary Economics and International Finance
EC4015 Final Year Project A MS4017 Final Year Project B
  Electives - choose two:   Electives – choose two:
MS4217 Stochastic Processes MS4218 Time Series Analysis
MS4315 Operations Research 2 MA4128 Advanced Data Modelling
MS4117 Discrete Mathematics 2 MS4408 Mathematical Modelling
MS4407 Perbutation Techniques &

Asymptotics

MS4018 Dynamical Systems
    MS4327 Optimisation

 

Entry requirements

Please see the entry requirements for the Entry route to Economics & Mathematics at UL - LM124 Mathematics Common Entry.

 

Fees & funding

Student course fees are broken into three components - Student contribution, Student Centre Levy and Tuition Fees.

A number of illustrative examples of fees for this course based on the current fee levels have been set out in the tables below.

An explanation of the components, how to determine status and the criteria involved is provided below the examples as is a list of possible scholarships and funding available.

EU Students with Free fees status in receipt of a SUSI grant

HEA paysTuition Fees€4,262
SUSI paysStudent contribution€3,000
Student paysStudent Centre Levy€92
€7,354

EU Students with Free fees status not in receipt of a grant

HEA paysTuition Fees€4,262
Student paysStudent contribution€3,000
Student paysStudent Centre Levy€92
€7,354

Students with EU fee status not in receipt of a grant

Student paysTuition Fees€4,262
Student paysStudent contribution€3,000
Student paysStudent Centre Levy€92
€7,354

Non-EU Students

Student paysTuition Fees€16,373
Student paysStudent Centre Levy€92
€16,465

Student course fees are comprised of three components:

Student Contribution

Annual charge set by the government for all full-time third level students. All students are liable unless they have been approved for a grant by Student Universal Support Ireland (SUSI). Please refer to https://www.studentfinance.ie to determine your eligibility for a grant and for instructions on how to apply. The curent student contribution is set at €3000.

Student Centre Levy

All students are liable to pay the Student Centre Levy of €90. Please note the Student Centre Levy is not covered by the SUSI Grant.

Tuition Fees

These are based on Residency, Citizenship, Course requirements.

Review the three groups of criteria to determine your fee status as follows

  1. Residency
    • You must have been living in an EU/EEA member state or Switzerland for at least 3 of the 5 years before starting your course
  2. Citizenship
    • You must be a citizen of an EU/EEA member state or Switzerland or have official refugee status
  3. Course Requirements (all must be met)
    • You must be a first time full-time undergraduate (Exceptions are provided for students who hold a Level 6 or Level 7 qualification and are progressing to a Level 8 course in the same general area of study).
    • You must be undertaking a full-time undergraduate course of at least 2 year’s duration
    • You cannot be undertaking a repeat year of study at the same level unless evidence of exceptional circumstances eg serious illness is provided (in which case this condition may be waived)

Depending on how you meet these criteria your status will be one of the following -

More information about fees can be found on the Finance website

 

These scholarships are available for this course

Title Award Scholarships available
The Critchley Prize
1

These scholarships are available for all courses

Title Award Scholarships available
Plassey Campus Centre Scholarship Programme
All Ireland Scholarships - sponsored by J.P. McManus
€6,750
125
Higher Education Grants & VEC Grants
Financial Aid Fund
Elaine Fagan Scholarship
€5,000
5
Stuart Mangan Scholarship
Provincial GAA Bursaries Scheme
€750
The Michael Hillery and Jacinta O’Brien Athletics Scholarship
Various benefits equating to over €7,000 in value
Paddy Dooley Rowing Scholarship
€2,500
UL Sports Scholarships
Varies depending on level of Scholarship
Multiple
Cooperative Education Award
1 award per faculty
UL 40 Entrance Scholarship
€2,000
40

Your future career

Employability skills from this degree

  • Analysing and interpreting data
  • Finding patterns and drawing conclusions
  • Applying economic principles and models
  • Approaching problems in an analytical and rigorous way
  • Formulating theories and applying them to solve problems
  • Handling complex data and applying mathematical and statistical analysis methods
  • Presenting mathematical arguments and conclusions with accuracy and clarity
  • Logical thinking
  • Communication and presentation skills
  • Time management
  • Organisational skills and working methodically and accurately
  • Teamwork and the ability to work independently
  • Statistical analysis

The year after graduating with this degree

The University of Limerick Graduate Outcomes Survey (GOS) is a detailed review of the employment outcomes of UL graduates conducted annually by the University and supported by the Higher Education Authority (HEA). The survey forms part of a nationwide review of the employment outcomes of Irish University Graduates. The table below illustrates a five-year trend for UL graduate employment levels and location the year after graduation.

Employed in Ireland Employed abroad Further study Not available Seeking employment No. of responses Total no. of graduates Year
50% 0% 25% 0% 25% 4 6 2014
50% 0% 50% 0% 0% 4 6 2015
50% 0% 50% 0% 0% 6 8 2016
29% 0% 71% 0% 0% 7 10 2017
0% 100% 0% 0% 0% 1 5 2018

Further Study Options

Job titles for graduates with this degree

Graduates progressing directly into employment take up a wide variety of roles. The following provides a sample of initial roles listed on the Graduate Outcomes Survey by graduates approximately one year after graduation:

  • Actuary
  • Equities Trader
  • IT Consultant
  • Pensions Administrator
  • Research Analyst
  • Trainee Accountant

Student Profile - Karen O'Sullivan

This course is ideally split almost 50-50 between maths and economics. In this way, both subjects are developed at the same pace - being able to relate each to the other is a huge bonus.

What I enjoy most about the course is the range of teaching methods used. Very few modules are purely taught on the whiteboard, or only taught through programming. Across both economics and maths, lecturers introduce the theory and then implement the theory though statistical programs. Because of this, I am well versed in around 5 different programming packages, which looks very well on my CV. Having all this programming knowledge as well as the underlying theory is very beneficial. It means I know how to apply the theory to real-world situations, to come to meaningful and useful results.

I was on Co-Op placement in the world’s largest aircraft lessor, GE Capital Aviation Services (GECAS) in Shannon, Co. Clare. I never thought that the aviation industry was applicable to my degree, but that is the beauty of a joint degree with diverse subjects.

I was part of the finance team for aircraft engine leasing. My role involved working with the worldwide engine team, updating monthly industry-demand reports based off real-world engine data, and issuing reports. I also had the opportunity to lead the rehaul of the department’s internal website. This was something completely new to me that was outside what I thought I could do. However, it was a fantastic thing to be part of, and I learnt many new skills in leadership and teamwork.

Having industry experience like UL’s Co-Op placement is invaluable in the jobs market and is a great CV booster. It is highly attractive to employers and gives you an edge when it comes to graduate employment. Co-Op provides a great understand of the professional workplace and really embellishes the fantastic degree that you will get in UL.

Graduate Profile - Stella Abimbola Alenkhe

Each day is different in my field and that’s what I love most about my job. I work closely with my finance colleagues and support the sales team to drive and achieve our business goals and objectives. I attend various meetings throughout the day to support business needs and requirements, and develop business partnerships with various commercial team members. Financial acumen is a key skill in my role, as it involves analysing financial information and preparing reports on our daily sales and sales targets. It is also my responsibility to monitor the performance of our sales team members.

My course at UL greatly prepared me for this career because of the numerous skills I acquired, ranging from computing and mathematical skills to practical problemsolving skills. The two-subject combination of Economics and Mathematics makes for a very versatile degree.

Stella’s tip: Do your research and be mindful of what topics interest you. Use all the resources available to you and make sure you get the necessary support from your guidance counsellor or anyone who you feel might have a positive impact on your career choices.

Stella currently works as a Financial Analysis Advisor with Dell Inc.

Student Profile - Elaine Kerr

This course is certainly challenging but offers an excellent degree at the end which is regarded very highly by employers. Graduates of the programme are considered competent and very logical - two much sought-after characteristics by employers. Luckily my Coop employers JP MorganChase spotted these qualities, and have offered me a job upon graduation.