You should study Economics only if you are passionate about it. At university level, there is a huge step up from A-Level competencies, but one that is entirely manageable provided you have strong fundamentals and a willingness to learn. The basic requirements are Economics and Maths at A-Level (or equivalent qualiﬁcation), considerable enthusiasm for the subject, and a willingness to work hard on what is renowned as a challenging course.
You will study the workings of economic systems and a sense of the economic dimensions of social and political issues, while acquiring a basic knowledge and understanding of the essential concepts of modern economics, including (i) the implications of rational behaviour for the actions of consumers and firms; (ii) the role of markets and other institutions in coordinating the actions of individual agents; (iii) the use of elementary models for macroeconomic analysis. Students will develop and need to demonstrate analysis of practical issues, logical thought, quantitative techniques, mathematical skills, and effective communication. You will also have the opportunity to study the contemporary social and political context of the UK economy, and of the development since 1945 of economic policy and institutions.
When applying to Oxbridge, you will have to complete a UCAS form before the October 15th deadline. Candidates are only allowed to apply to one of Oxford or Cambridge, and they can choose to apply to a particular college, or make an open application. As part of the UCAS form, you will have to write a 4000 character personal statement, and a teacher will have to provide a reference. The institution code for Cambridge is CAM C05 and for Oxford is O33.
The UCAS code for undergraduate Economics is LN12 at Oxford and L100 BA/Econ for the course at Cambridge. Applicants may only apply for Oxford or Cambridge, but not both. It is usual to stipulate a choice of college in the UCAS application, although both universities allow you to make an ‘open’ application via that university’s central admissions office which will then allocate you to a particular. Those wishing to make and open application should enter a ‘9’ in the campus choice box on their UCAS form
Cambridge Undergraduate Course requirements:
Cambridge is one of the top few universities in the world and the Cambridge Classics department is one of the finest in the UK. The Cambridge course requires a minimum of A-Level Maths. Whilst it is preferable to study economics, the admissions procedure allows for the fact that not all schools offer the subject, and therefore these students should demonstrate a passion for economics.
A Level: A*AA
IB: 40-41 points, with 776 at Higher Level
Some Colleges may also require STEP Mathematics.
Economics and Further Mathematics are considered useful preparation but are not essential. A Level Business Studies can be helpful if you are unable to take Economics.
The Economics Admissions Assessment is an admissions exam in place since 2016 created by the University of Cambridge’s admissions testing service. Each candidate applying for Economics will be required to sit this exam in early November. The aim of this exam is to assist the admissions tutors in selecting the most capable applicants, where so many candidates have the required A-level scores. It helps to differentiate candidates particularly in the domains of critical thinking, reasoning and application of their mathematical knowledge in unfamiliar contexts.
The exam consists of two parts; a multiple-choice assessment, comprising approximately 20 problem solving questions and approximately 15 advanced mathematics questions. The second section is an extended essay responding to an excerpt of text. Scores will be used together with the other elements of a candidate’s application to invite candidates to interview, as well after interview in some cases, to ensure places are awarded to candidates who will excel in this challenging course.
Oxford Undergraduate Course requirements: