Economics with Finance
BSc (Hons)

COURSE OVERVIEW

Tuition Fees Uzb
29,994,000 UZS

Tuition Fees International
41,712,000 UZS

Duration
3 years

Modules
28

Course description

The BSc (Hons) Economics with Finance course is designed to help you understand the interactions between the economy and the financial system, providing knowledge of theories,  practice, tools and techniques that will allow you to pursue a successful career in economics, finance and related areas. The combination of economics (as major) with finance (as minor) provides an excellent platform for you to become successful in today’s competitive job markets.

During the course, you are taught the implications of a rapidly changing global economy and you can specialise in a range of areas that develop intellectual, professional and transferable skills. Upon graduation, you will be a qualified professional ready to take on employment opportunities in the public and private sectors, in multinational organisations and NGOs.

How you will study

The course emphasises on active student learning through seminars and lectures (including virtual), computer-lab and financial markets suite workshops, problem-based and blended learning activities. Course material is provided through an online learning platform and this is an important resource base which you can access at any time and from anywhere, provided you have access to the internet.

The platform also provides a channel of communication between the students and module leaders through blogs. This ensures a student centric approach, focusing on your abilities, needs and learning styles where the module leader is a facilitator of your learning.


Independent study is a key learning skill for academic study and your future employability. As part of the course, you are expected to work independently. This may take various forms including group collaborative tasks, research, reading, revision, assessment preparation, projects that feed into presentation and debates, lab or studio-based work.

Course structure

The course consists of core and option modules.  Full-time Undergraduate students study 120 credits per year. The course structure is validated by the University of Westminster (UK) every five years, but the structure of the course may change by adapting to feedback received from a variety of sources.

Core modules

  • Exploring economics
  • Introduction to Statistics and Data Science
  • Mathematics for Economists
  • Contemporary Issues in Global Economy
  • Corporate Finance

Plus One Option or One Elective

  • Industrial Organization
  • Advanced Mathematics for Economists
  • Introduction to Insurance Business
  • Any module from the WIUT module catalogue

Award of Certificate of Higher Education available

Core modules

  • Intermediate Microeconomics
  • Banking Theory and Practice
  • Intermediate Macroeconomics
  • Econometrics

Plus Two Options or One Option and One Elective

  • Development Economics
  • Introduction to Political Economy
  • Economics of Financial Crises
  • Public Finance
  • Money and Banking
  • Islamic Finance
  • Relevant module from the WIUT module catalogue

Award of Diploma of Higher Education available

Core modules

  • Dissertation
  • Investments and Risk Management
  • International Economics
  • Behavioural Economics

Plus two options or one option and one elective

  • Advanced Econometrics
  • Labour Economics
  • Economics of Agriculture and Natural Resources
  • Applied Policy Analysis
  • Health Economics
  • FX Risk Management and Strategy
  • Bank Risk Management
  • Applied Corporate Finance
  • Global Financial Markets and Institutions
  • Derivatives Management
  • Relevant module from the WIUT module catalogue

Award BSc / BSc (Hons) available

Please note: Not all option modules will necessarily be offered in any one year. In addition, timetabling and limited spaces may mean you cannot do your first choice of modules.

WHY STUDY THIS COURSE?

Quality of Teaching

Course modules are taught by outstanding experienced professionals who mainly hold PhD degrees from international universities.
Professional Development

While studying, students go through rigorous theoretical and practical training, which makes them highly competitive in the job market.
Employment Opportunities

There is high demand for WIUT’s BSc Economics with Finance graduates since their professional performance is highly valued in the workplace by employers and other stakeholders.   

ENTRY REQUIREMENTS

Applicants should satisfy at a minimum one of the following requirements:
  • Successful completion of an appropriate International Foundation course; or
  • Successful completion of the first year of an appropriate degree course in a recognised Uzbek or similar university; or
  • Two GCE A level passes (in any subject excluding mother tongue), plus three GCSE passes at grade C or above including English Language and Mathematics; or NC/ND or HNC/HND. The range of academic disciplines studied is not hereby restricted, but certain vocational courses such as City and Guilds would not satisfy the admissions requirements; or
  • An Advanced General National Vocational Qualification (GNVQ); or
  • Any other equivalent qualification normally accepted as entry requirement (e.g. International Baccalaureate, etc.).

Applicants must have:

  • Completed their secondary education in English and achieved Grade C or above in the equivalent GCSE English exam; or
  • IELTS score of 6.0 with a minimum of 5.5 in the writing component; or
  • Successfully completed an appropriate International Foundation course with at least 40% in an Academic English module.

Applicants must have an acceptable level of competence in Mathematics. This could be demonstrated by one of the following:

  • A "pass" in a maths test approved by the University of Westminster (UK); or
  • Grade C or above in GCSE/’O’ Level Mathematics (or its equivalent); or
  • Successful completion of an appropriate International Foundation course with "pass" in Quantitative Methods module.
  • Applicants will have to be 18 years of age at the start of the academic year. For the purposes of this regulation, the academic year runs from 1st October to 30th September of the following year. 
  • Applications are normally processed based on the documentation submitted on the WIUT admissions system. The University reserves the right to introduce other admission processes such as an interview.

CAREERS

Students are encouraged to reflect on the theoretical and practical knowledge they gain while studying. They are also offered opportunities to specialise in a wide range of areas of economics and finance, hence promoting practical skills needed in career building.

An Economics with Finance degree increases the employability of graduates in various fields.


There is strong demand for highly qualified economists and financial experts both in local and global labour markets, including the public and private sectors, multinational organisations, NGOs and others.

Graduates employed at

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COURSE LEADER
Bilol Buzurukov

Bilol received his PhD in Economics from Yeungnam University, Republic of Korea. Before joining the Westminster International University in Tashkent, he was a Researcher at the Department of Economics and Business, Yeungnam University.

His research areas are Economics of Migration and Economics of Corruption. He is the author of several international journal articles and teaches Contemporary Issues in Global Economy, Behavioral Economics and Macroeconomics modules.

WHAT OUR GRADUATES SAY

Asrorbek Orzikulov BSc in Economics with Finance(2018) MSc in Data Sciences & Business Analytics Paris, France
Asrorbek Orzikulov
BSc in Economics with Finance(2018)
MSc in Data Sciences & Business Analytics
Paris, France
The course is a perfect place to start your undergraduate studies irrespective of the path a student may pursue later. After graduation, I chose to work as a credit analyst at the Korean Development Bank and found that modules such as Financial Accounting, Management Accounting, and Financial Management that I was taught during the course were extremely useful in my job. After three years, I decided to do a Master’s degree in Data Science. To my surprise, knowledge obtained in Mathematics and Statistics classes at WIUT was highly transferable. No matter which machine learning model we study, I discover under the hood the concepts of eigenvalues, Markov processes, and positive definiteness taught by Farrukh Ataev so enthusiastically when I was his student.
Komila Zakirova BSc Economics with Finance (2020) Chief specialist in Ministry of Finance  Tashkent, Uzbekistan
Komila Zakirova
BSc Economics with Finance (2020)
Chief specialist in Ministry of Finance 
Tashkent, Uzbekistan
WIUT is an excellent University providing many opportunities for students. Lecturers with high level expertise, professors ready to help you at any time, access to the best scientific literature and modern facilities create an ideal environment for studying and conducting research. BSc in Economics and Finance, encompassing multiple areas of economics, prepared me well for my current employment. The course helped me advance as a researcher, a critical thinker and a confident specialist. This is why I am back at WIUT to do my Master’s degree in MSc Applied Economics.
Xiaolin Yan BSc Economics with Finance (2020) MSc Finance Durham, UK
Xiaolin Yan
BSc Economics with Finance (2020)
MSc Finance
Durham, UK
Academic staff at WIUT are knowledgeable and responsible, they conduct interesting lectures and practical seminars. The knowledge I obtained here helped me to build a solid foundation for my further studies. Also, as an international student, I was very impressed by the atmosphere of the University. My lecturers and course mates were always supportive whenever I had difficulties with both my study and life; my time here would not have been so enjoyable without them. It was a valuable experience for me to study at WIUT.