“By creating we think, by living we learn” Patrick Geddes
Economic Studies offers a wide range of optional courses from business oriented subjects such as Human Resources and Business Strategy to more technical courses that include Financial Economic Analysis and Econometrics. You are not required to have a strong background in mathematics although for some of the more technical courses this is desirable.
Our Global Economic Perspectives module received the award for the best undergraduate course in economics from the Economics LTSN – the national body which supports Economics teaching.
The Economic Studies Society is run by our students who organise various events throughout the year.
| Global Economic Perspectives - EC11002 | Semester 1 | Credits 20 |
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| This module is completely self-contained and aims to provide students with a broad conceptual base. It is an introduction to the ideas that form the basis of analytical economics, which you will encounter in the twin module Foundations of Economic Analysis. The module presumes no previous knowledge or understanding of economics. The module is designed very much with the beginner in mind; however, those of you who may have taken an Economics course at school will find the approach refreshingly new and the coverage wider than you have encountered before. | ||
| Foundations of Economic Analysis - EC12003 | Semester 2 | Credits 20 |
| This module introduces you to the tools needed to analyse how an economy works. It helps you to understand consumer choice, how prices are set, the way firms and markets operate, whether monopoly is efficient, why governments might choose to regulate industry or provide services such as health and education. Issues such as the determination of national income are examined along with policy options available to governments to reduce unemployment and inflation. | ||
| Macroeconomics & Economic Statistics - EC22002 | Semester 2 | Credits 20 |
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| This module shows why money markets are important in the real world, why there is so much disagreement about what appropriate macroeconomic policy is, and how policy works in practice. Economic Statistics introduces you to a selection of statistical procedures commonly used to measure the performance of companies and countries. | ||
| Microeconomics - EC21001 | Semester 1 | Credits 20 |
| This module covers the micro aspects of the economy by focusing, initially, on the basic theories of consumer and firm behaviour. These provide the basis for the derivation and analysis of market demand and supply in various settings. The module then examines these settings by looking more closely at the market structure, and attempts to highlight: i) the conditions under which markets will or will not produce desirable outcomes; and ii) the role of government in improving the operation of markets. | ||
Study Abroad students may take level 3 modules, however, evidence of prior knowledge may be required in the form of transcripts. To find out more about this contact us.
| Business Economic Analysis - EC30014 | Semesters 1 & 2 | Credits 30 |
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| This module applies economic methods to the operations of the firm. It examines the firm in the context of its market structure and looks at specific decisions made by the firm to expand, to advertise or to invest in a project. It also looks at the role of agents such as consumers, owners, managers and entrepreneurs in creating the firm's environment. | ||
| Econometrics - EC30001 | Semesters 1 & 2 | Credits 30 |
| This module provides an introduction to the theory of statistical inference and the application of regression analysis in applied economics. By the end of the module you should have a sound understanding of basic econometric principles and the practical skills to estimate simple economic relationships in a competent manner. | ||
| Economics of the European Union - EC30007 | Semesters 1 & 2 | Credits 30 |
| Major developments that have recently taken place within the European Union are examined from an economist's perspective. Issues covered include economic and monetary union, the single European market, the expansion of the European Union to include countries of Eastern Europe and the former Soviet Union and ongoing reform of the Common Agricultural Policy. By examining policy prescriptions and current practice with the aid of relevant theory, this course prepares students for the challenges and opportunities that the ongoing process of European economic integration provides. | ||
| Financial Institutions - EC30005 | Semesters 1 & 2 | Credits 30 |
| The role of financial institutions in a developed economy is the subject of this module. You will cover topics such as the principles of banking, the supply and demand for money, the operation of monetary policy, and the regulation of the financial system. | ||
| Human Resources - EC30008 | Semesters 1 & 2 | Credits 30 |
| The past two decades have seen in many countries the emergence of Human Resource management as a central part of company policy. Optimal HR and personnel policies are a major source of sustainable competitive advantage. We examine the role of economic analysis in constructing such policies and how they affect recruitment, selection, performance appraisal, training and rewards management. | ||
| Macroeconomic Analysis - EC30012 | Semesters 1 & 2 | Credits 30 |
| This module furthers the study of macroeconomics and is analytical in character. The module focuses on the theoretical determinants of macroeconomic growth, and on the working of the macro-economy with particular emphasis on the role of government stabilisation policies in affecting the macroeconomic equilibrium. The module will enable you to use the relevant analytical tools to explain the short-and long-run functioning of the macroeconomic models. You will be able to critically assess the policy implications of the analytical models and to clearly identify the role played by the underlying assumptions. | ||
| Marketing - EC30003 | Semesters 1 & 2 | Credits 30 |
| This module introduces you to the principles of marketing and provides the opportunity to gain a practical understanding of modern marketing methods. Through the extensive use of case studies, the module examines the history of marketing, consumer behaviour, the nature of the marketplace and the key elements of the marketing mix. | ||
| Microeconomic Analysis - EC30011 | Semesters 1 & 2 | Credits 30 |
This module provides the foundations for the further study of economics and is analytical in character. The focus is upon the inter-relationship between three fundamental ideas:
This module will enable you to characterise economic decision-making in a variety of contexts, including those of an inter-temporal nature, and explain the functioning of a variety of market forms using appropriate graphical and quantitative techniques. These include solving systems of equations (as in complete market models), analysing functional forms commonly used in economics, using differentiation (as a method of marginal analysis) and solving constrained optimisation problems (in the context of economic decision making). By the end of the module you will be able to critically assess the policy implications of selected microeconomic models and to identify the role played by the underlying assumptions. |
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Study Abroad students may take level 4 modules, however, evidence of prior knowledge may be required in the form of transcripts. To find out more about this contact us.
| Business Decisions - EC40001 | Semesters 1 & 2 | Credits 30 |
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| The aims of this module are to introduce you to a range of basic techniques in business decision making and to show how these techniques may be applied to aid the decision making process. The module will cover Linear Programming, Scheduling and Network Models. On completion of the module you should be able to apply simple algorithms in this field, interpret the results of such applications and discuss their more general applicability. | ||
| Business Strategy - EC40007 | Semesters 1 & 2 | Credits 30 |
| The concept of strategy, the role of the strategist, and the process of strategy formulation and formation are examined in a variety of business contexts. The extensive use of case studies will provide you with practical illustrations of the theoretical material discussed in the module. | ||
| Dissertation | ||
| The dissertation provides you with the opportunity to investigate a specific issue or case study in depth. This will involve wide reading and original research together with the use of concepts and techniques acquired during the module of your degree. | ||
| Economic Policy - EC40008 | Semesters 1 & 2 | Credits 30 |
| This module considers the use of economic principles to design, guide and interpret various aspects of economic and social policy. You may expect to gain an appreciation of such contemporary issues as the sustainability of the welfare state, the changing boundaries between the public and private sectors, and the advent of the Euro. | ||
| Economic Theory - EC40009 | Semesters 1 & 2 | Credits 30 |
| This module covers recent theoretical developments in economic modelling and their implications for economic policy. The microeconomics section mainly deals with the consequences of strategic behaviour by economic agents in imperfect markets where some buyers or sellers may have specific market power. The macroeconomics section focuses on situations in which markets are distorted, examines how such distortions might induce policy effectiveness, and compares the outcomes with those from traditional Keynesian and Monetarist models. | ||
| Economics of Globalisation - EC40004 | Semesters 1 & 2 | Credits 30 |
| This module studies the determinants of the pattern of international trade specialisation and the welfare effects of trade restrictions at the level of the individual country, regional groupings and the world as a whole. Some topical issues will be address, eg labour standards and the quest for "fair trade" and the role of multinational corporations in the global economy. | ||
| Financial Economic Analysis - EC40010 | Semesters 1 & 2 | Credits 30 |
| You will receive a thorough grounding in financial market analysis so that you are able to understand the behaviour of financial agents and the implications of their behaviour. Within this context, the module discusses how financial assets are priced and how various financial instruments are used in the market place. | ||
| Industrial Economics - EC40002 | Semesters 1 & 2 | Credits 30 |
| Concerned with the behaviour of firms and industries, this course offers an in-depth examination of such issues as the determinants of firm and market structures, research and development, and strategic market behaviour. The course illustrates theoretical material by means of empirical case studies and also considers policy implications. | ||
| International Finance - EC40005 | Semesters 1 & 2 | Credits 30 |
| In this module you learn to examine various aspects of the world of international finance, e.g. foreign exchange markets, international money markets, balance of payments and exchange rate policies, the international monetary system and international debt problems. | ||
| Marketing Research - EC40011 | Semesters 1 & 2 | Credits 30 |
| Marketing research draws on various disciplines in order to provide reliable information to managers in a marketing context. This module will introduce you to the various stages of a marketing research project, placing particular emphasis on the design of surveys, the design of questionnaires and the analysis of results. The module will deal with issues that arise in various market research settings including business-to-business marketing and international marketing. | ||
| Risk and Information - EC40006 | Semesters 1 & 2 | Credits 30 |
| You will be introduced to the ways in which individuals, firms and governments take decisions with limited amounts of information in uncertain environments. By the end of the module you will have a sound understanding of the functioning of a variety of markets characterised by risk and imperfect information such as insurance, credit and labour. | ||
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