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In the third year there are specialist options in all the main fields of economic enquiry, and you can choose your courses according to your interests. One of these courses could be from an approved list of relevant courses offered outside the Department. You must note however that while care has been taken to ensure that this information is up-to-date and correct, a change of circumstances since publication may cause the School to change, suspend or withdraw a course or programme of study, or change the fees that apply to it.

The School will always notify the affected parties as early as practicably possible and propose any viable and relevant alternative options.

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Note that the School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to events outside of its control, which includes but is not limited to a lack of demand for a course or programme of study, industrial action, fire, flood or other environmental or physical damage to premises. The School cannot therefore guarantee you a place. Please note that changes to programmes and courses can sometimes occur after you have accepted your offer of a place.

These changes are normally made in light of developments in the discipline or path-breaking research, or on the basis of student feedback. Changes can take the form of altered course content, teaching formats or assessment modes.

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Any such changes are intended to enhance the student learning experience. You will have around 12 hours of lectures and classes each week. In addition, we recommend that students do six hours of independent study per week for each course. Classes in groups of around 20 students are the main form of interaction with teachers. Lectures are delivered by academic staff, while most classes are taught by Graduate Teaching Assistants, who include many of our experienced PhD students.

You will have an academic mentor who is available to offer general guidance and assistance with both academic and personal concerns on an individual basis. There are many opportunities to extend your learning outside the classroom and complement your academic studies at LSE. For personal timetables to appear, students must be registered at LSE, have successfully signed up for courses in LFY and ensured that their course selection does not contain unauthorised clashes.

Every effort is made to minimise changes after publication, once personal timetables have been published any changes are notified via email. The standard teaching day runs from ; Monday to Friday. Teaching for undergraduate students will not usually be scheduled after on Wednesdays to allow for sports, volunteering and other extra-curricular events.

Assessment All taught courses are required to include formative coursework which is unassessed.

It is designed to help prepare you for summative assessment which counts towards the course mark and to the degree award. LSE uses a range of formative assessment, such as essays, problem sets, case studies, reports, quizzes, mock exams and many others. Please note that assessment on individual courses can change year to year.


Feedback on coursework is an essential part of the teaching and learning experience at the School. Class teachers must mark formative coursework and return it with feedback to you normally within two weeks of submission when the work is submitted on time. You will also receive feedback on any summative coursework you are required to submit as part of the assessment for individual courses except on the final version of submitted dissertations.

You will normally receive this feedback before the examination period. If you would like to gain further insight into what economists study, we suggest looking at one or more of the following popular books or others like them:. Some of these books were launched at the LSE. Listen to the podcasts of these launches and many other talks. It is also a very good idea to have a look at one or more economics textbooks, to have a clear idea of what the serious university study of the subject involves, which will differ from these popular presentations.

Although the texts and editions listed below are currently recommended for the first year, other editions of these books and other university-level textbooks are also entirely valid for this first investigation. This degree provides an excellent preparation for a range of careers, but we particularly welcome students who want to learn about economics, rather than simply prepare themselves for a prosperous future. Over the past two decades many of our graduates have chosen to pursue careers in the financial sector, which can include positions involving economics research as well as those in banking or hedge funds.

Some graduates from the programme pursue quite different careers, whether as professional accountants and auditors, engaging in entrepreneurial activity, marketing or law, or in entirely different fields. A significant number choose to go on to graduate study, not just in economics but also in finance, management, development, economic history and other fields. Throughout their time at LSE we work to prepare our students who are aiming in this direction to understand the rewards of engaging in economics research and the benefits of interacting with faculty and visitors who are leading economists.

Further information on graduate destinations for this programme. Whilst there, I gained an insight into working as an Economist for the civil service, enabling me to apply my studies to a high profile investigation into current account charges. In my third year, I decided to apply for Economist posts in both the public and private sector and began work at London Economics, an economic consulting firm, after graduation. After two years and one promotion at London Economics, I decided to move to a larger firm, EY, whose Economic Advisory practice was looking to expand rapidly.

I had no clear view of what I wanted to do before I came to LSE, so being in an environment that allows you to explore many different career opportunities has helped me a lot. Being made aware of what you need to do to be employable also helped, and sets LSE apart from other universities.

This gave me a good overview of career opportunities and confirmed my decision to apply for a role in consulting. My aspirations have not changed significantly since I left LSE, although they have become more focused since I started working or perhaps more realistic!

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Fortunately, I have not encountered major setbacks so far, so have not had to change track. I chose this programme because it offered a deep understanding of economics along with a wide range of outside options and many empirical activities such as research and economic workshops.

The fee covers registration and examination fees payable to the School, lectures, classes and individual supervision, lectures given at other colleges under intercollegiate arrangements and, under current arrangements, membership of the Students' Union. The overseas tuition fee will remain at the same amount for each subsequent year of your full time study regardless of the length of your programme.

This information applies to new overseas undergraduate entrants in only. LSE assesses your fee status based on guidelines provided by the Department of Education. Some overseas governments also offer funding. Further information on tuition fees, cost of living, loans and scholarships. The data allows you to compare information about individual programmes at different higher education institutions. Please note that programmes offered by different institutions with similar names can vary quite significantly.

We recommend researching the programmes you are interested in and taking into account the programme structure, teaching and assessment methods, and support services available. Search Go. Programme requirement A-level Mathematics. Further Mathematics at A or AS level is a valuable indicator of potential and if taken at A-level is acceptable as one of the three subjects English language requirements Proof of your English language proficiency may be required For more information about tuition fees, usual standard offers and entry requirements, see the fees and funding and assessing your application sections below.

Information about accepted international qualifications Information about other accepted UK qualifications Subject combinations We consider the combination of subjects you have taken, as well as the individual scores. Personal characteristics, skills and attributes For this programme, we are looking for students who demonstrate the following skills: - an ability to apply logic - quantitative aptitude and the ability to follow complex lines of mathematical reasoning - an ability to be creative and flexible in approaching problems - an ability to think independently - good communication skills - intellectual curiosity - motivation and capacity for hard work Personal statement In addition to demonstrating the above personal characteristics, skills and attributes, your statement should be original, interesting and well-written and should outline your enthusiasm and motivation for the programme.

First year In the first year of the programme, you will gain an essential foundation in economics and will learn the necessary quantitative skills. One outside option LSE Beginning in the Lent term of the first year and running through the Michaelmas term of the second year, LSE is compulsory for all LSE undergraduate students, and introduces you to the fundamental elements of thinking like a social scientist.

Third year In the third year there are specialist options in all the main fields of economic enquiry, and you can choose your courses according to your interests. Teaching You will have around 12 hours of lectures and classes each week. Of the huge 68, people who sat the first rung of the CFA exams in December last year, around 39, failed. That's a lot of disappointment. Given that the CFA Institute advises hours of study per exam, that's also 12m hours of study time wasted assuming the candidates who failed actually put the hours in , which isn't always the case.

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But when you score yourself afterwards, how will you know whether you've done well enough to pass the real thing? The CFA Institute, which masterminds the entire process, is notoriously coy when it comes to explaining what constitutes a pass and what doesn't. To pass, candidates need to meet a minimum 'net passing score. No one knows. It's never given and it varies year-on-year according to how hard the paper was and how well everyone does in the exams. This has something to do with a set of CFA Charterholders sitting down and working out how difficult the questions really are and how easy it ought to be to pass.

To confuse matters further, because the marks allocated to different topics vary and this allocation changes , strong performance in one topic won't necessarily compensate for weak performance in another.

Deferred entry

Based on results posted in various online forums, we've identified the candidates who've passed recent Level 1 exams with the weakest scores. This is, seemingly, the minimum you'll need to get through:. Lastly, if you're going to try super-hard for any of the subject areas, you might want to try very hard in ethics. For the past 11 years, the CFA Institute has implemented a so-called "ethics adjustment" when scoring exams, described on its website as follows:.

The Board of Governors instituted a policy to place particular emphasis on ethics. The ethics adjustment can have a positive or negative impact on these candidates' final results. CFA Institute has a policy of not releasing either the minimum passing score or individual candidate scores. Consequently, CFA Institute does not release specific information about the ethics adjustment or the candidates who were affected. The adjustment has had a net positive effect on candidate scores and thus pass rates in most exam sessions.

The published pass rates always take into account the ethics adjustment for borderline candidates.