More than 49,000 prospective students applied to study economics in the United Kingdom in 2009, according to the University and Colleges Admissions Services (UCAS). To make university choices easier, every year the Higher Education Statistics Agency (HESA) gathers statistical data about British universities and grades each school on its performance. Ratings are based on student satisfaction, research quality or "research assessment," entry standards, and how many graduates obtain jobs in economics or continue their economics studies.
1. University of Cambridge
University of Cambridge is one of the oldest and continually highest-rated universities in the world. According to HESA, in the 2008 to 2009 school year, Cambridge received the top spot in economics studies in the U.K. with an overall grade of 100 per cent.
2. London School of Economics and Political Science (LSE)
Located in the heard of London, LSE came in just a shade behind Cambridge. LSE received an overall score of 97.1 per cent in the 2008 to 2009 school year, but received a higher research assessment score than Cambridge.
3. University College London
Not too far from LSE in location or educational standards in economics studies is University College London (UCL). In the 2008 to 2009 school year, the school received an "A" in research assessment and an overall score of 94.9 per cent.
4. Warwick University
Not too far outside of Birmingham in the city of Coventry is Warwick University, which came in fourth place in economics for the 2008 to 2009 school year. It received an overall score of 94.4 per cent, and 90 per cent of their graduates received employment in economics or continued their economics studies.
5. Oxford University
With nine economics Nobel Prize winners since 1972, it's no surprise that Oxford is in the top 10. Oxford received an overall score of 93.8 per cent and a student satisfaction rating of 3.97, making it the highest-rated in student satisfaction out of the top 10 in the 2008 to 2009 school year.
6. University of Nottingham
Located in a city famous for its tales of Robin Hood, the University of Nottingham came in sixth for economics studies in the U.K. in the 2008 to 2009 school year. Receiving an overall score of 90.6 per cent, it is considered one of the best economics universities in the U.K.
7. Bristol University
Not far behind the University of Nottingham, Bristol University received an overall score of 90.3 per cent, but beat the University of Nottingham with 84 per cent of its graduates continuing their education or obtaining work in economics for the 2008 to 2009 school year.
8. Durham University
Durham University took ninth place in the 2008 to 2009 school year for economics studies, receiving an overall score of 89.6 per cent. With a campus in Durham and one in the nearby town of Stockton-on-Tees, Durham University also received an impressive rating of 3.78 in student satisfaction.
9. University of St. Andrews
The only university on the list located in Scotland, the University of St. Andrews is well-known for its education and famous alumni. Prince William of Wales, the future king of England, graduated with undergraduate and graduate degrees from the university. The University of St. Andrews received an overall score of 89.5 per cent in the 2008 to 2009 school year.
10. University of Bath
Located in southwestern England near Wales, the University of Bath came in 10th place, receiving an overall score of 88.9 per cent for economics studies in the U.K. in the 2008 to 2009 school year.