Assess risk and uncertainty using mathematical and statistical methods

Bachelor of Science Economics and Actuarial Science

Bachelor of Science in Economics and Actuarial Science

Actuarial science uses mathematical and statistical methods to assess risk and uncertainty. Actuaries are essential in industries such as insurance and finance.

You’ll study core modules in microeconomics, macroeconomics and quantitative methods. Optional modules will let you shape your studies around your interests or career plans.

These include international trade, survival models or public economics.

Course Code

Course Code

01/26 MQA/PA 14229






3 Years

Delivery Model

Delivery Model

Full time in Malaysia

why study this course

Why Study this Course

Course Structure

Course Structure

Year 1 will expose you to the foundation in Mathematics and statistical techniques such as optimisation and hypothesis testing. You will also study Macroeconomics to learn about measures of GDP, inflation and unemployment, and concepts used in Microeconomics.

You will deepen your understanding in Economics in Year 2 by studying both Macroeconomics and Microeconomics alongside Econometrics and Applied Statistics.

In your final year, you can choose to write a dissertation in an economics or demography topic of your choice.

Typical Course Content

Typical Course Content

  • Economics with Experiments 
  • Linear Algebra I 
  • Mathematics for Economics
  • Foundations of Microeconomics OR Principles of Microeconomics 
  • Economics with Data 
  • Principles of Macroeconomics 
  • Quantitative Modelling in Economics 
  • Statistics for Economics 
  • Economics Skills and Employability I
  • Econometric Theory 
  • Financial Mathematics 
  • Intermediate Macroeconomics 
  • Intermediate Microeconomics 
  • ECON Dissertation: Prelim Info 
  • Econometrics with Big Data 
  • Economics Skills and Employability II

Optional modules:

  • Accounting and Finance for Non-Specialists (Actuarial Science)
  • Stochastic Processes (Actuarial Science) 
  • Development Economics  
  • Dynamic Macroeconomics 
  • Applied Economics
  • Dissertation: Literature Review OR Project/Dissertation
  • Dissertation: Research Project OR Dissertation: Research Topics
  • Economics Skills and Employability III

Optional Modules:

  • Actuarial Mathematics I (Actuarial Science) 
  • Computational Economics (Actuarial Science) 
  • Survival Models (Actuarial Science) 
  • Actuarial Mathematics II (Actuarial Science)
  • Mathematical Finance (Actuarial Science)
  • Statistical Methods in Insurance (Actuarial Science) 
  • Labour Economics 
  • Principles of Finance 
  • Topics in Macroeconomics 
  • International Trade
  • International Macroeconomics
  • Public Economics 

Fee and Scholarships

We offer up to 100% scholarships. Chat with our counsellors to understand your options.

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Entry Requirements

These are our typical offers. We are able to exercise some discretion if you do not meet these requirements. Please contact us for an assessment of your predicted and/or confirmed grades.

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Career Opportunities

University of Southampton degrees are highly valued by employers and studying with us will equip you with the skills to operate globally.

  • Accountant
  • Actuary
  • Business Analyst
  • Economist
  • Investment Analyst
  • Financial Advisor
  • Management Consultant
  • Marketing Professional
  • Statistician
  • Deloitte
  • Ernst & Young (EY)
  • PricewaterhouseCoopers (PwC)
  • Proctor & Gamble
  • Times Group

Apply now!

Scholarships up to 100% and education grants are available. Terms & Conditions apply.