Core modules
The first consists of four core modules and up to two options The second includes three core modules and up to two options The third comprises up to six options and a Research in Applied Economics project so as you move through your degree you will have more opportunities to study topics that particularly interest you This module brings together many of the tools and techniques you have learnt
Within your course regulations we will permit you to choose modules from any Department This is subject to our approval and provided that you satisfy the pre-requisites or other requirements for that module and that the offering department permits you to take the module
The final degree classification is determined by your second and final marks and each contributes 50%
Important information
We are planning to make changes to our Economics (BSc) degree for 2024 entry Changes to core modules go through the University's rigorous academic processes As module changes are confirmed we will update the course information on this webpage It is therefore very important that you check this webpage for the latest information before you apply and prior to accepting an offer Sign up to receive updates
Year One
Macroeconomics 1
You will consider the fundamental determinants of Gross Domestic Product unemployment and inflation and look at how these variables interact in the short-run By the module’s end you should have become familiar with a range of macroeconomic issues including topics on theories of consumption and investment government finances the Phillips curve and monetary rules You will be able to use the correct terminology and measurement practices of macroeconomics There will be opportunities to apply your learning by devising simple structural models including definitions assumptions and the behavioural characteristics of key agents using both mathematical and graphical techniques
Read more about the Macroeconomics 1 moduleLink opens in a new window including the methods of teaching and assessment (content applies to 2022 23 of study)
Microeconomics 1
On this module you will gain a thorough grounding in the basic principles of microeconomics and study several applications of theory with the aim of being able to demonstrate your knowledge of major topics including supply and demand consumer theory and behavioural economics competition profit maximisation and cost minimisation oligopoly game theory and collusion and the work of the major theorists Bertrand Cournot and Stackelberg You will learn to use appropriate terminology in a wide range of more advanced topics relevant to microeconomics such as Nash equilibria asymmetric information and moral hazard
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Quantitative Techniques
This module combines two modules Mathematical Techniques and Statistical Techniques You will cover topics ranging from algebra and calculus to distributions and hypothesis testing which will provide you with key skills and knowledge that will then applied in many other modules In addition you will be introduced to some advanced statistical software packages which will help you learn about a range of techniques to analyse data and different ways in which you can present data
Read more about these modules including the methods of teaching and assessment (content applies to 2021 22 of study)
Mathematical TechniquesLink opens in a new window
Statistical TechniquesLink opens in a new window
The World Economy History and Theory
Have you ever considered how the global economy got to be where it is today? In this module you will acquire a broad understanding of the development of the world economy over the last millennium to the present day You will take the long view of changes in global income and population and critically examine the forces that explain economic success of some regions and the obstacles that have hindered economic advance in others You will scrutinise the interaction between rich countries and the rest of the world and consider the role of domestic issues and foreign policy on economic outcomes Our aim is that you will complete this module with a strong understanding of the historiography of the evolution of the world economy as well as the use of theory and empirical analysis in economics research There are also opportunities to pursue areas of individual interest
Read more about the The World Economy History and Theory moduleLink opens in a new window including the methods of teaching and assessment (content applies to 2022 23 of study)
Plus up to two optional modules
Year Two
Macroeconomics 2
On this module you will learn to understand and apply the core theoretical models used in macroeconomics for both closed and open economies in order to enhance your comprehension of real-world macroeconomic experiences especially involving macroeconomic policy By the end of this module you should be able to present clearly and methodically your understanding of a variety of common theoretical models and their inter-relationships including through the use of equations and graphics We will typically cover all major areas including but not limited to flexible pricing and sticky-price models; consumption and growth; wage-setting and unemployment; fiscal and monetary policy; international trade and exchange rate systems; and international financial markets
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Microeconomics 2
You will gain a solid understanding of intermediate and some advanced principles of microeconomics and be exposed to a range of applications of theory You will spend time on the use of mathematical concepts in the field for analysis and cover important principles of general equilibrium and social welfare market failure choice and uncertainty and static and dynamic games of complete and incomplete information By the end of this module you will be able to analyse a range of microeconomic concepts using a range of approaches including graphical and mathematical techniques and apply your knowledge to policy issues and to the analysis of different sectors
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Econometrics 1
You'll be equipped with important skills of both academic and vocational value being an essential part of the intellectual training of an economist and also useful for your future career This includes an awareness of the empirical approach to economics; experience in analysis and use of empirical data; understanding the nature of uncertainty and methods of dealing with it; and using econometric software packages as tools of quantitative and statistical analysis With the required necessary skills and knowledge to critically appraise work in applied economics you'll have a good grasp of the dangers pitfalls and problems encountered in applied modelling You will then be able to apply this knowledge to a research project of your own
Read more about the Econometrics 1 moduleLink opens in a new window including the methods of teaching and assessment (content applies to 2022 23 of study)
Plus up to two optional modules
Year Three
Research in Applied Economics
You will have the opportunity to deepen and consolidate your knowledge by applying your understanding of economic theory to a research question that arouses your curiosity You will use a combination of economic analysis and statistical and econometric techniques to formulate and pursue your research interest supported by lectures on research methodology and supervision by a member of academic staff who will support your research towards an independent project The work will increase your confidence in formulating economic questions and the scientific method of developing a suitable approach conducting a literature review and data searches identifying and testing hypotheses and using your findings to construct coherent persuasive scholarly arguments presented in both written and oral form
Read more about the Research in Applied Economics moduleLink opens in a new window including the methods of teaching and assessment (content applies to 2022 23 of study)
Plus up to six optional modules
Optional modules
Optional modules can vary from to Example optional modules may include
Environmental Economics
Behavioural Economics
Economics of Money and Banking
Industrial Economics
Topics in Applied Economics
Political Economy
Organisational Behaviour
Foundations of Finance
International Security
Languages
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