Top Universities in UK for Economics 2023-2024

Top Universities in UK for Economics: Studying economics in the United Kingdom is an excellent choice for those interested in pursuing a career in the field. 

As well, studying economics at any of these UK Top Universities in the field can provide students with a world-class education and opportunities for future success in the field.

We have brought to you Top UK universities that have research centers and institutes that conduct cutting-edge research on a wide range of economic topics, from behavioral economics to development economics, which students can get involved in and learn from.

See the 10 Cheapest Universities in UK For International Students

Moreover, if you choose to study economics in the UK, expect to gain a solid foundation in microeconomics and macroeconomics, as well as in econometrics and other quantitative techniques used to analyze economic data.

Today, we take you through our highlighted lists of Top Universities in UK for Economics

Lists Of Top Universities in UK for Economics 

  • Durham University 
  • University College London
  • University of Warwick 
  • London School of Economics and Political Science
  • University of Oxford 
  • University of Cambridge 

Durham University 

Durham University is one of the frontal Universities in the UK that has a rich history, Academic Achievements, and a good reputation for Economics as a field. 

The Department of Economics at Durham University is known for its excellent research and academic achievements. 

Going on, The University is prominent for its Economics department excellence as the department has consistently been ranked highly in the UK’s Research Excellence Framework (REF), which assesses the quality of research in UK universities. 

Moreover, In 2014 REF, the department was ranked joint 6th in the UK for the quality of its research outputs, and in the top 10 for its research impact.

Furthermore, The University has produced notable influential economists, including Sir Partha Dasgupta, who was awarded the Knight Commander of the Order of the British Empire in 2002 for his services to Economics. 

Professor David Newberry was a graduate of the Institution, the man who was awarded the title of Commander of the British Empire for his contributions to the economics of the environment and energy policy.

Talking of the Institution generally, Durham University was ranked joint 130th in the world and 12th in the UK.

University College London

UCL is widely regarded as one of the top Universities in the world, with a reputation for academic excellence in economics. 

From its name, you can tell the University is located in London and it was founded in 1826 as the first university in England to be established on an entirely secular basis, with no religious affiliation.

UCL’s Department of Economics is one of the leading economics departments in Europe and is consistently ranked in the top 20 globally. It has produced several notable economists, including Nobel Prize winners Ronald Coase and Sir John Hicks, who developed the concept of IS-LM analysis.

Generally, UCL has produced 33 Nobel Prize winners, including Francis Crick and James Watson, who discovered the structure of DNA, and Peter Higgs, who proposed the existence of the Higgs Boson particle. 

Moreover, UCL has also produced several notable alumni, including Mahatma Gandhi, Alexander Graham Bell, and Christopher Nolan.

See the Cheapest Universities in UK

University of Warwick 

The University of Warwick is a public research university founded in 1965. The University is renowned for its strength in specific fields like Economics. 

The University Department of Economics is widely regarded as one of the best in the UK and Europe and is consistently ranked in the top 5 economics departments in the UK. 

Going on, The University has a large international student population and has established partnerships with universities around the world. 

According to the QS World University Rankings by Subject, Warwick’s economics department was ranked 27th in the world.

Moreover, The University has graduated several notable economists including the Nobel Laureate Christopher Pissarides. 

In addition, the University as a whole has a reputation for innovation and entrepreneurship. It has a highly regarded Business School and is home to Warwick Manufacturing Group, a leading research and education group focused on manufacturing and engineering. 

London School of Economics and Political Science. 

LSE has a long and distinguished history in the field of Economics and the School is regarded as the best school of Economics in the UK today. Its Department of Economics was established in 1901. 

Going on, The Institution has produced several notable economists including the famous Professor Lionel C. Robbins. LSE was also home to the influential economic thinkers John Maynard Keynes and Friedrich Hayek, who both had a profound impact on the development of economic theory in the 20th century.

Of the various successes of the school in economics was the development of the concept of opportunity cost by Lionel Robbins, which has had a significant impact on the way economists think about resource allocation.

Another success of the school was the publication of the LSE’s World Inequality Report, which provides a comprehensive assessment of global income and wealth inequality.

University of Oxford

University of Oxford Department of Economics is one of the largest and most respected in the world, with a long history of academic achievements and contributions to the field of economics.

The University Department of Economics is highly regarded for its academic rigor, research quality, and intellectual diversity. 

Moreover, It attracts top students and faculty members from around the world and has built a reputation for producing graduates who go on to have successful careers in academia, government, and the private sector. 

Going on, The department has produced many notable economists, including Nobel laureates such as Amartya Sen, James Mirrlees, and Christopher Pissarides.

Furthermore, The department is highly ranked in various academic rankings, including the QS World University Rankings, which ranks it as the 2nd best economics department in the world. 

Additionally, the Oxford Economics Papers journal, which is published by the department, is widely regarded as one of the top economics journals in the world.

University of Cambridge

The University of Cambridge is another leading University in the UK that strengthens its concern on Economics. The Department of Economics at Cambridge University was founded in 1903, making it one of the oldest economics departments in the world. 

According to the 2023 QS World University Rankings, the Institution ranks 1st as the best economics department in the world today. 

One of the most notable academic breakthroughs to come out of the department is the development of the Keynesian Revolution in the early 20th century. 

We have it that John Maynard Keynes, a Cambridge economist, developed a new economic theory that emphasized the importance of government intervention in the economy during times of economic crisis. This theory has had a significant impact on economic policy around the world.

Moreover, to mention a few of the notable economists that graduated from the Institution are Nobel laureates like John Hicks, James Meade, and Amartya Sen. 

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Which University has the best economics program UK?

The Best destination to have an Economics degree in the UK is the London School of Economics and Political Science (LSE). The school is a perfect one for you as it centers mainly on the field of Economics and Political Science. 

What jobs can you get with an economics degree in the UK?

There are numerous Jobs you could secure with an Economics degree in the UK amongst are Actuarial analyst, Chartered accountant, Compliance officer, Data analyst, Economist, External auditor, Financial risk analyst, and Investment analyst.

Here are the list of Worst Universities in UK

Wrapping Up Top Universities in UK for Economics 

I’m confident that this post has given you all the information you need to know about Top Universities in UK for Economics. Kindly note that the information provided in this content is subject to change; however, we will keep updating this content if there is a need to.

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