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Once upon a time, degrees in economics were much of a muchness: a crash course in Adam Smith and John Stuart Mill followed by a thorough schooling in monetary and fiscal policy.

Today there are as many different ways of studying economics as there are universities teaching it. About 150 single subject undergraduate courses are now run, across 66 institutions. And the transfer of some faculties to university business schools, combined with changing demands from the commercial sector, has led to a renewed emphasis on maths.

From general BAs designed to give students a solid, transferable grounding in the subject to intensely statistical BSc programmes aimed …