Economics BSc Honours

Tuition Fee

GBP 15,400

Per year

Start Date

Medium of studying

On campus

Duration

48 months

Details

Program Details

Degree

Bachelors

Major

Interior Architecture | Printmaking

Area of study

Arts | Health | Journalism and Information | Security Services

Education type

On campus

Timing

Full time

Course Language

English

Tuition Fee

Average International Tuition Fee

GBP 15,400

Intakes

Program start date	Application deadline
2024-09-01	-

About Program

Program Overview

Course summary

What is the UK government doing to mitigate the financial impact of the coronavirus pandemic? How is the global community tackling poverty? What will Brexit mean for trade? How can companies embrace the opportunities of a decarbonised world? On this degree, you’ll explore these and more questions, crises and controversies as we uncover the far-reaching impact of economics on our world.

Economists tackle anything from interpreting and forecasting market trends or individual business performance by country, region or market, to advising businesses, governments and individuals on everyday and strategic decisions. These can encompass areas as diverse as international trade, profit maximisation, pricing decisions, forecasting revenues or consumer demand, to managing the national health service, tackling unemployment or inequality.

You’ll learn to analyse and predict the impact of economic, social and public policy issues on a variety of stakeholders, including consumers, investors, businesses, and how to source and provide the most appropriate insight to inform future decision-making and strategy.

As the role of data in informing decision-making grows, this degree expands your crucial skills in data gathering, handling and interpretation, quantitative analysis and forecasting. You will use industry-standard software, including SPSS, Excel,Eviews, Minitab and other statistical packages, to analyse data, build models and produce forecasts. You will also develop key soft skills such as communicating complex economic ideas to a non-expert, a logical approach to formulating and solving problems, presentation skills and teamwork.

As our economics degrees share a common first year, you’ll gain a solid foundation in economic concepts, principles, analysis, techniques and knowledge and, if you choose Introduction to Financial Economics as an option, you may be eligible to change to the Financial Economics course at the start of your second year. A variety of optional modules also enable you to tailor your studies to suit your interests, for example you can choose specialist economics modules in the digital economy, in international trade, money banking and finance. You can also choose option modules in other areas of the business school such as entrepreneurship, human resource management, marketing or accounting. Our degree also offers the flexibility of studying one language module per year.

Our vibrant economics community has strong links to employers, including the Government Economic Service. There’s an opportunity to gain Bloomberg professional certification and attend a half-day certified training session with the London Stock Exchange Group.

You will also be encouraged to participate in an array of extracurricular activities. Previous activity includes the IBM University Business Challenge (2020 Winners, Finalists 2018 and 2017, Semi-finalists 2016) and Microsoft University App Challenge (Winners 2019, Runners-up 2019). EDI Microsoft BAME University Business Challenge (3rd place 2021)

Top reasons to study

Study at one of London’s leading centres for business education based in the heart of London and its political, media and financial services scene
Access to one of the largest financial databases in our state-of-the-art Bloomberg virtual trading room
Outstanding facilities and access to the software widely used in industry: Bloomberg, SAGE, FAME, NVivo and SPSS
Option to undertake a paid placement year with previous economics students employed by organisations such as Goldman Sachs, Boxington Corporate Finance and Government Economic Service, to name just a few
Opportunity to study a foreign language as an optional module in each year of study and spend one year overseas at one of our partner institutions
Opportunity to apply for up to 4 exemptions entering into the CIMA operational level
In the REF 2021, 75% of our business school impact case studies in the Business and Management Unit of Assessment scored 4* whilst 25% scored 3*. Read how our research is shaping the world

Course structure

This degree aims to provide you with a solid understanding of economic theories, economic policy making, econometric techniques, quantitative analysis and analytical reasoning. You’ll learn to appreciate the decision-making process and develop your critical thinking, graduating with a unique skillset sought-after by future employers.

In each year of study, you will be offered a choice of applied economic modules, as well as specialist economics or more general business modules. You also have the opportunity to study a foreign language, including Arabic, Chinese, French, Japanese or Spanish. This is an excellent idea if you want to broaden your horizons and experience another culture, particularly if you see yourself working abroad or for an international company in the future. Recent students have visited partner institutions including Copenhagen Business School in Denmark and the University of Technology Sydney in Australia.

The following subjects are indicative of what you will study on this course.

Year 1
The course begins with a thorough grounding in economics and an appreciation of the part economic history has played in shaping the evolution of economic thought. Areas explored include devising strategies for high street opticians to combat competition from online suppliers, evaluating the impact of interrelated markets on customer demand. Subjects of study include: Crises and Controversies in Economics Global Business Environment Macroeconomics 1 Mathematics for Economists Microeconomics 1 Introduction to Financial Economics You will also have the opportunity to take an option module that broadens your skills or helps you to gain more in-depth knowledge of your specialist area; your option module may be a foreign language. Credit Level 4

Year 1

The course begins with a thorough grounding in economics and an appreciation of the part economic history has played in shaping the evolution of economic thought. Areas explored include devising strategies for high street opticians to combat competition from online suppliers, evaluating the impact of interrelated markets on customer demand.

Subjects of study include:

Crises and Controversies in Economics
Global Business Environment
Macroeconomics 1
Mathematics for Economists
Microeconomics 1
Introduction to Financial Economics

You will also have the opportunity to take an option module that broadens your skills or helps you to gain more in-depth knowledge of your specialist area; your option module may be a foreign language.

Credit Level 4

Year 2
You will undertake more advanced study of macroeconomics and microeconomics, and the application of economic analysis, research and appraisal tools. We cover managerial economics, market structures, competition, government objectives and macroeconomic management and develop technical data analysis skills through the use of forecasting and modelling packages, such as SPSS. You will also develop research skills and project appraisal strategies, such as decision trees, which you will apply to a recent UK public policy initiative, such as the Night Tube or Cycle Superhighway (CS3). Optional modules allow you to choose subjects of particular interest. For example, the Money, Banking and Financial Markets module explores world financial markets, regulators and financial instruments. We always keep course content and analysis current and relevant; in the optional module Digital Economy, for instance, we unravel the uniqueness of specific digital products, and consider the power of networks such as internet dating and social media platforms. Global Economic Issues examines topical issues such as migration, Brexit and climate change. Subjects of study include: Applied Economic Research and Appraisal Macroeconomics 2 Microeconomics 2 Statistics for Economists Plus, two options from: Global Economic Issues, Digital Economy, Money Banking and Financial Markets, The Economics and Finance of Sport, or other areas of business including languages. Credit Level 5

Year 2

You will undertake more advanced study of macroeconomics and microeconomics, and the application of economic analysis, research and appraisal tools. We cover managerial economics, market structures, competition, government objectives and macroeconomic management and develop technical data analysis skills through the use of forecasting and modelling packages, such as SPSS. You will also develop research skills and project appraisal strategies, such as decision trees, which you will apply to a recent UK public policy initiative, such as the Night Tube or Cycle Superhighway (CS3).

Optional modules allow you to choose subjects of particular interest. For example, the Money, Banking and Financial Markets module explores world financial markets, regulators and financial instruments. We always keep course content and analysis current and relevant; in the optional module Digital Economy, for instance, we unravel the uniqueness of specific digital products, and consider the power of networks such as internet dating and social media platforms. Global Economic Issues examines topical issues such as migration, Brexit and climate change.

Subjects of study include:

Applied Economic Research and Appraisal
Macroeconomics 2
Microeconomics 2
Statistics for Economists

Plus, two options from: Global Economic Issues, Digital Economy, Money Banking and Financial Markets, The Economics and Finance of Sport, or other areas of business including languages.

Credit Level 5

Placement year
Professional experience or Study Abroad year Between Years 2 and 3 you may choose to study English-taught courses for a year at one of our overseas partner institutions. Currently, you can take a Year Abroad studying (or combining work and study) in Germany, Denmark, Spain, France and other locations including Australia, Japan, Canada and the USA. There are also many opportunities for those with appropriate language skills to study in the local language in France, Germany and Spain, among others. You can also choose to split your year abroad into a first semester studying and a second semester work placement, both conducted overseas, or undertake a placement year overseas. Alternatively, between Years 2 and 3 you can undertake a one-year, full-time business placement as a Professional Experience Year within the UK. Past students have completed placements in a variety of prestigious organisations, including AMEC, Barclays Bank, Commerzbank, Freshfields Bruckhaus Deringer, GE Capital, Goldman Sachs, HSBC, IBM and the NHS, as well as in smaller businesses.

Placement year

Professional experience or Study Abroad year

Between Years 2 and 3 you may choose to study English-taught courses for a year at one of our overseas partner institutions. Currently, you can take a Year Abroad studying (or combining work and study) in Germany, Denmark, Spain, France and other locations including Australia, Japan, Canada and the USA. There are also many opportunities for those with appropriate language skills to study in the local language in France, Germany and Spain, among others. You can also choose to split your year abroad into a first semester studying and a second semester work placement, both conducted overseas, or undertake a placement year overseas.

Alternatively, between Years 2 and 3 you can undertake a one-year, full-time business placement as a Professional Experience Year within the UK. Past students have completed placements in a variety of prestigious organisations, including AMEC, Barclays Bank, Commerzbank, Freshfields Bruckhaus Deringer, GE Capital, Goldman Sachs, HSBC, IBM and the NHS, as well as in smaller businesses.

Year 3
You will explore contemporary economic policy debates and develop your econometric analysis and forecasting skills. You will learn advanced technical forecasting techniques in Applied Econometrics, equipping you to perform business and government forecasts as well as preparing you for postgraduate study. You have the opportunity to undertake a dissertation where you will research a topic of your choice. Previous students have analysed how supply and demand affects oil prices and explored how game theory can be utilised to analyse the probability of a player missing a penalty in football matches. You will delve into current research on contemporary issues and develop advanced methods of business and economic analysis, including forecasting techniques gaining a high degree of digital literacy, numeracy and confidence in data handling. This will prepare you to inform business and organisational decision making, and the design and implementation of economic policy by government agencies. Subjects of study may include: Advanced Economics Applied Econometrics Plus, two options from: Applied Financial Economics, Development Economics, Forecasting for Managers, International Trade, Dissertation, Labour Markets and Global Migration, or other general business modules, including languages. Credit Level 6

Year 3

You will explore contemporary economic policy debates and develop your econometric analysis and forecasting skills. You will learn advanced technical forecasting techniques in Applied Econometrics, equipping you to perform business and government forecasts as well as preparing you for postgraduate study. You have the opportunity to undertake a dissertation where you will research a topic of your choice. Previous students have analysed how supply and demand affects oil prices and explored how game theory can be utilised to analyse the probability of a player missing a penalty in football matches.

You will delve into current research on contemporary issues and develop advanced methods of business and economic analysis, including forecasting techniques gaining a high degree of digital literacy, numeracy and confidence in data handling. This will prepare you to inform business and organisational decision making, and the design and implementation of economic policy by government agencies.

Subjects of study may include:

Advanced Economics
Applied Econometrics

Plus, two options from: Applied Financial Economics, Development Economics, Forecasting for Managers, International Trade, Dissertation, Labour Markets and Global Migration, or other general business modules, including languages.

Credit Level 6

Professional recognition

The Chartered Institute of Management Accountants (CIMA) is the world's largest professional body of management accountants offering the most relevant accounting qualification for a career in business. If you are considering a career in finance and business, the CIMA qualification will open doors with employers all over the world.

This course will give you the opportunity to apply for up to 4 exemptions entering into the CIMA operational level.

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