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Economics - BSc (Hons)

Why study this course?

Explore debates on economic growth, sustainability, banking and financial crises, and prepare for your career with a work placement. You'll learn from international economists, recognised for their research, and staff who are expert advisers to major financial institutions. In the most recent (2014-15) Destinations of Leavers from Higher Education (DLHE) survey, 100% of graduates from this course were in work or further study within six months.

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Exploring current thinking on world economic growth, the course examines the development and sustainability of the international economy. This includes the world of finance, as well as patterns of international trade and global inequality. The course also covers everyday economics issues such as work and profit, income and saving, congestion, unemployment, inflation and exchange rates.

You'll have the opportunity to undertake a work placement as a credited part of your course and to study in other European countries or the US.

Many of our staff have worked as advisers to organisations such as the European Commission, the UK Treasury, the Confederation of British Industry (CBI) and the UK and Italian governments.

We will encourage you to research, reason, question, debate and reach your own conclusions. With your strong training, combined with opportunities to specialise in areas such as finance or international business, you'll become proficient in your field, and gain skills required by employers such as networking, presentating, team working and time management.

Students come from all parts of the UK and from over 70 countries. As such, you will have opportunities to exchange ideas, build lasting friendships and develop global networks.

The course helps you to develop your talent, prepare for high-level employment and build a successful career at the very top of your field. We can help you search and apply for short and long accredited work placements and posts in a variety of organisations.

Our teaching is student-centred and is highly rated for overall student satisfaction, as voted for in the National Student Survey of 2015. Previous students have gone on to work in banking and finance, international corporations, management, government and consultancy and research.

Assessment

Our students develop their learning through a variety of activities including interactive large group sessions, workshops, and assessments. These include:

  • industry projects
  • case studies
  • executive summary reports
  • computer-based projects, group presentations
  • scenario simulations
  • seen/unseen exams

 

In addition to the University's standard entry requirements, you should have:

  • for entry in the 2017-18 academic year: a minimum grade C in three A levels or minimum grades BC in at least two A levels in academic or business subjects (or a minimum of 96 UCAS points from an equivalent Level 3 qualification, eg BTEC National, OCR Diploma or Advanced Diploma)
  • English Language and Mathematics GCSE at grade C (grade 4 from 2017) or above (or equivalent)

All applicants must be able to demonstrate proficiency in the English language. Applicants who require a Tier 4 student visa may need to provide a Secure English Language Test (SELT) such as Academic IELTS. For more information about English qualifications please see our English language requirements.

Accelerated study

If you have relevant qualifications or credit from a similar course it may be possible to enter this course at an advanced stage rather than beginning in the first year. Please note, advanced entry is only available for September start. See our information for students applying for advanced entry.

The modules listed below are for the academic year 2016/17 and represent the course modules at this time. Modules and module details (including, but not limited to, location and time) are subject to change over time.

Year 1 modules include:

  • This module currently runs:
    • all year (September start) - Friday morning

    The module will teach students about the process of recording, presenting and interpreting financial information. It will also develop their IT skills by teaching how to set up spreadsheets and use the internet to research into limited companies. The module then develops an introductory framework for the understanding and analysis of key financial markets and institutions in mature economies.

    Read full details.
  • This module currently runs:
    • all year (September start) - Monday afternoon

    This module develops student’s knowledge and understanding of the development of the international economy, the evolution of economic ideas since the mid-nineteenth century and an introduction to some major economic issues facing contemporary society.

    Read full details.
  • This module currently runs:
    • all year (September start) - Wednesday morning
    • all year (September start) - Tuesday morning

    This module introduces and develops the principles of micro- and macroeconomics providing a secure foundation for students pursuing specialist degrees in Economics and Business Economics. The microeconomics element of the module will examine supply and demand analysis, theories of consumer behaviour and theories of the firm. It will also introduce the distribution of income, market efficiency, market failure, and international trade.

    The macroeconomics element of the module will consider long run economic growth and short-run business cycles. Students will be introduced to key variables and concepts in macroeconomics, national income accounting, simple macroeconomic models and policy issues. They will consider the main determinants of economic growth, short-run fluctuations in economic activity, inflation, unemployment, the balance of payments and exchange rates.

    Read full details.
  • This module currently runs:
    • all year (September start) - Tuesday morning

    This module is concerned with providing students with quantitative skills and a foundation in mathematical and statistical concepts and techniques so they can solve economic problems and understand economic analysis. Students will understand how mathematical and statistical methods relate to economic theory.

    Read full details.

Year 2 modules include:

  • This module currently runs:
    • all year (September start) - Tuesday afternoon

    This module develops from the foundations of macroeconomics covered in EC4006. The module aims to develop student’s knowledge and understanding of key macroeconomic processes that determine equilibrium in the short-run, medium-run and the long-run. It examines the goods and financial markets as foundation for understanding the IS/LM model in a closed and open economy. These core topics provide the student with the basic understanding of what determines equilibrium in the short-run. This is developed further by introducing the analysis of the labour market, which is the key to an understanding of the AD/AS model and equilibrium in the medium-run. The analysis of the IS/LM model and AD/AS will also be applied to the open economy. The module proceeds to develop core principles for understanding what determines equilibrium in the long-run. Finally, we consider extensions to the above framework by covering topics such as the Phillips Curve, the role of expectations, exchange rates, government debt, hyperinflation and recent global events.

    Read full details.
  • This module currently runs:
    • all year (September start) - Monday morning

    This module provides a basic grounding in intermediate microeconomics. It covers the constituents of markets, namely supply (producer theory) and demand (consumer theory), and considers examples of externalities and market failure. Strategic behaviour and the role of uncertainty are emphasised. The module also discusses departures from the theoretical predictions of how rational consumers behave (behavioural economics) and also why those departures may take place (experimental economics and performativity).

    Read full details.
  • This module currently runs:
    • all year (September start) - Thursday morning

    This module provides an introduction to inferential statistics and regression analysis as applied in Economics and Finance. It aims to provide students with applications of economic theories to real world data allowing them to make judgements about their veracity and adequacy.

    Read full details.
  • This module currently runs:
    • all year (September start) - Thursday morning

    This module focuses on the theory and application of the Classical Linear Regression Model, the violation of its assumptions and its extensions. The module provides students with the knowledge and skills to design, undertake, and evaluate empirical work within economics, finance and business.

    Read full details.
  • This module currently runs:
    • autumn semester - Wednesday afternoon
    • spring semester - Wednesday afternoon

    Why do some companies succeed while others fail? Are some business ideas fundamentally better than others? How can you tell which ideas are worth investing time and money in and which are not? How can you find an idea to pursue that matches your skills, network and passion?

    This module is a key introduction to identifying, critically assessing and developing new business opportunities. The approaches and processes covered can be applied equally to new commercial ideas, social enterprises or new ventures within an existing business.

    The foundation of the module is a live project where you will develop your own startup idea leading to a live pitch and designing a business model. At each stage you will learn the concepts covered in the module by applying them to your own idea. You will have the opportunity to come up with new ideas on the module and do not need to have a business idea before you begin.

    The module is relevant for anyone considering starting their own business, working for a SME or taking on an intrapreneurial role within a large organisation.

    Students opting for this modules, will NOT be able to take “Create a Winning Business 2”

    Read full details.
  • This module currently runs:
    • autumn semester - Wednesday morning

    This module traces the development of the modern-economics conception of economic agency out of earlier discourses. It also compares and contrasts this with a competence-based understanding of the foundations of economic behaviour. Finally, it considers the relation between how economists have come to understand the nature of economic agency and the development of institutions and organisations in both private and public sectors and assesses whether such institutions are ‘fit-for-purpose’.

    Read full details.
  • This module aims to provide understanding and knowledge of the economics of digital media. Focus is put on the economic concepts and theories required to understand the radical changes brought about by digitalisation in the media, information and cultural industries and how to apply these concepts in the digital world.

    Read full details.
  • The module allies economic principles in an investigation of the causes, consequences and possible solutions to problems of environmental degradation. The three major themes in the module are (i) the determination of the optimum levels of environmental resource usage (ii) the analyses of alternative ways of attaining those targets and (iii) the impact of these actions on business decision making. The crucial notion of 'sustainability' is a key investigation. So are the proximate and underlying causes of environmental problems. The main aim of the module is to introduce students to the economists’ way of analysing environmental problems.

    Read full details.
  • This module currently runs:
    • spring semester - Wednesday morning
    • autumn semester - Monday afternoon

    This module enables students to undertake a short period of professional activity and to gain credit for their achievements. The activity can be employment activity, a work placement, professional training, volunteering activity in the not-for-profit sector, or where available, within a Virtual Business Environment within the University.

    It is expected that the student should work for 140 hours, for which they will be required to provide evidence. The 140 hours can be completed in 20 working days in a full-time mode during the summer (where available), or spread over a semester in a part-time mode.

    Additionally, learners may in some cases be able to utilise their existing part-time / vacation employment providing they can demonstrate that it is personally developmental and involves a level of responsibility (decided upon submission of the role details by the Module Leader).

    The work based learning activity should enable the student to build on previous experiences and learning gained within their academic course and elsewhere. It should provide learning opportunities for personal development. The student is encouraged and supported in developing the ability to identify applied knowledge and skills that enhance their work performance, ensure their continued improvement and apply theory to practice as appropriate. The learner should develop improved understanding of themselves, and the workplace through reflective and reflexive learning.

    • Students will be contacted soon after they register for the module (e.g. June for those registered for October) to ensure they understand the requirements and are able to find suitable activity
    • The University must ensure that suitable health and safety requirements are in place and the work activity needs to be approved by the module team before they start the role. The suitability of the opportunities will be assessed on an individual basis.
    • Where required, students will be supported in finding suitable opportunities and with all aspects of their job search and applications. The Careers and Employability Team will work with Faculty teams to provide this support. However, it is the students’ responsibility to obtain suitable employment, and roles cannot be guaranteed.
    Read full details.
  • This module currently runs:
    • spring semester - Wednesday morning

    The module applies economic analysis to the study of key aspects of the evolution and nature of the European economy. In addition it analyses the major economic implications of and issues arising from the functioning of the European economy, and in particular the implications of the process of European integration on the European economy.

    Read full details.

Year 3 modules include:

  • This module currently runs:
    • all year (September start) - Monday morning

    This module develops a framework for analysing important themes and events in the international economy such as globalisation, economic growth, economic crises, commodity markets and price volatility. Subsequently, students will get the opportunity to carry out further research on a chosen topic, undertake qualitative and/or quantitative analysis and write up a final research report. In order to undertake their research reports, students will need to hone specific skills such as econometric and statistical techniques, the ability to prepare business reports, develop case-studies and be able to understand research methodology and apply relevant analytical skills.

    Read full details.
  • This module currently runs:
    • autumn semester - Friday afternoon
    • spring semester - Friday afternoon

    Why do some companies succeed while others fail? Are some business ideas fundamentally better than others? How can you tell which ideas are worth investing time and money in and which are not? How can you find an idea to pursue that matches your skills, network and passion?

    This module is a key introduction to identifying, critically assessing and developing new business opportunities. The approaches and processes covered can be applied equally to new commercial ideas, social enterprises or new ventures within an existing business.

    The foundation of the module is a live project where you will develop your own startup idea leading to a live pitch and designing a business model. At each stage you will learn the concepts covered in the module by applying them to your own idea. You will have the opportunity to come up with new ideas on the module and do not need to have a business idea before you begin.

    The module is relevant for anyone considering starting their own business, working for a SME or taking on an intrapreneurial role within a large organisation.

    Read full details.
  • This module currently runs:
    • all year (September start) - Monday afternoon

    This module develops student’s knowledge and understanding of the main theories and policies of economic development. It examines; different perspectives on the meaning and definition of economic development , ethical issues involved, the role of the state and policies including trade and industrial policies, relationship between labour migration and economic development , the role of the international organizations in the formulation of development policy, and the relationship between economic growth and the environment. The module also provides a comparative analysis of economic performance among a selected number of developed and developing countries.

    Read full details.
  • This module currently runs:
    • all year (September start) - Tuesday afternoon

    This module develops student’s knowledge and understanding of work, labour markets, employment, and reward. It examines broad human resource and labour market issues such as differential pay rates, labour migration, unemployment and discrimination, as well as economic issues specific to individual organisations such as worker recruitment, training, motivation, retention, payment systems and performance bonuses.

    Read full details.
  • This module currently runs:
    • autumn semester - Wednesday morning

    This module is concerned with the application of economic concepts and theories to our understanding of the multinational business. Using economic theories, the module will explain the existence and development of the multinational business and examine some of the strategies used by multinational business to enter foreign markets. Other important issues in the operations of multinational businesses such as cultural diversity and human resource management will also be considered. The overall aim of the Module is to provide students with the theoretical knowledge and business strategies for analyzing the multinational business. As part of the teaching strategies, case studies will be used.

    Read full details.
  • This module currently runs:
    • all year (September start) - Wednesday afternoon

    This module aims to provide and in-depth knowledge and understanding of the economic laws and mechanisms that define and rule the economic environment of industries. The focus is mainly put on imperfectly competitive industries and the rationale of regulation and means of action of governments are investigated.

    Read full details.
  • This module currently runs:
    • spring semester - Wednesday afternoon

    This module introduces students to the fundamental aspects of international trade theories, commercial policies, open economy macroeconomics, and the international monetary system. The module will examine both theoretical and contemporary policy issues in the international economy.

    Read full details.
  • This module currently runs:
    • autumn semester - Wednesday morning
    • spring semester

    This module enables students to undertake a short period of professional activity and to gain credit for their achievements. The activity can be employment activity, a work placement, professional training, volunteering activity in the not-for-profit sector, or where available, within a Virtual Business Environment within the University.

    It is expected that the student should work for 140 hours, for which they will be required to provide evidence. The 140 hours can be completed in 20 working days in a full-time mode during the summer (where available), or spread over a semester in a part-time mode.

    Additionally, learners may in some cases be able to utilise their existing part-time / vacation employment providing they can demonstrate that it is personally developmental and involves a level of responsibility (decided upon submission of the role details by the Module Leader).

    The work based learning activity should enable the student to build on previous experiences and learning gained within their academic course and elsewhere. It should provide learning opportunities for personal development. The student is encouraged and supported in developing the ability to identify applied knowledge and skills that enhance their work performance, ensure their continued improvement and apply theory to practice as appropriate. The learner should develop improved understanding of themselves, and the workplace through reflective and reflexive learning.

    • Students will be contacted soon after they register for the module (e.g. June for those registered for October) to ensure they understand the requirements and are able to find suitable activity
    • The University must ensure that suitable health and safety requirements are in place and the work activity needs to be approved by the module team before they start the role. The suitability of the opportunities will be assessed on an individual basis.
    • Where required, students will be supported in finding suitable opportunities and with all aspects of their job search and applications. The Careers and Employability Team will work with Faculty teams to provide this support. However, it is the students’ responsibility to obtain suitable employment, and roles cannot be guaranteed.
    Read full details.
  • This module has two components. The first component will focus on mathematical tools used in contemporary economics, business economics and financial economics analysis. It will deal with both, the use of mathematics in the conceptualisation of economic theory as well as its use as a means to solve specific problems. The second component will focus on the mathematical and statistical methods employed in the construction of econometric models and the application of these models for empirical analysis and policy evaluation

    Read full details.
  • This module currently runs:
    • all year (September start)

    The module is designed to develop student employability and increase graduate career prospects. The ‘sandwich placement’ year requires learners to undertake a minimum of 44 weeks full-time work in employment which is developmental and relates to their graduate career goals. Compulsory pre-placement preparation workshops will provide structured learning and support to assist students in their search for an appropriate placement in an industry relevant to their area of study; develop professionalism and the ability to transfer learning from the classroom and previous employment to the placement workplace. During the placement term, students will be supported in applying theoretical knowledge in a practical context, analysing business problems and proposing solutions, and identifying and articulating transferable skills and knowledge developed during the placement. Students will be expected to demonstrate improved understanding of their abilities and career goals, knowledge of the workplace organisation and professional awareness through reflective and reflexive learning.

    Read full details.
  • This module currently runs:
    • all year (September start) - Tuesday morning

    This module examines public economics. It covers the theoretical aspects of public economics, namely market failure, theories of public goods, externalities, asymmetric information, social choice, inequality, commodity and income taxation. It discusses applications of these concepts by covering selected topics in economics of health, energy, insurance and communication. Further, it covers some recent developments in public and welfare economics: economics of giving, altruism and reciprocity, economics of happiness, and social economics.

    Read full details.
  • The basic aim of the module is to provide a rigorous but accessible introduction to the main developments in the world economy over the last century and a half, as well as to introduce students to a long run perspective.

    Read full details.

Our degrees are designed with flexibility in mind, so you have some options to change your second and final year course.

If you're studying full-time, each year (level) is worth 120 credits.

Year 1 (Level 4) modules include:

  • Principles of Economics
  • Economics and Society
  • Quantitative Methods for Economics
  • Accounting, Financial Markets and Institutions

Year 2 (Level 5) modules include:

  • Microeconomics
  • Macroeconomics
  • Empirical Methods for Economics and Finance
  • The European Economy (option)
  • Economics and Ethics (option)
  • Work Placement or Language (option)

Year 3 (Level 6) modules include:

  • Global Economic Issues and Research Methods
  • Industrial Economics and Regulation (option)
  • Development Economics and Emerging Markets (option)
  • International Finance and Trade (option)
  • Economics of Human Resources (option)
  • Economics of Multinational Business (option)
  • Public Economics (option)
  • The World Economy: Growth and Crises since 1870 (option)
  • Work Placement or Language (option)

"The lecturers are really helpful. They are always available when you need them, even outside office hours. One of the best things London Met offers is its employability scheme. This provides well-paid, part-time jobs, placements and intern jobs for students."

"Access to the Bloomberg facility of market data, news and analysis, is amazing. The course also provides a huge range of books. For the most part, teachers welcome communication from students and respond to emails relatively fast. They help resolve issues promptly. The teachers are friendly and easy to approach about any issues or queries."

Economics graduates are among the highest paid and a degree in economics can give your career a major head start.

Our graduates pursue diverse career routes, including jobs in banking and finance, international corporations, management, government, consultancy and research. Others progress to postgraduate study at leading universities around the world.

Find out how we helped economics graduate Tim Armitage to become vice chancellor of investment management firm, Black Rock.

A work placement is available as an accredited option on the course. You can get help from our Placements and Employability Unit to locate and seek posts in financial, commercial and non-profit organisations. To widen your experience you can also engage in extra-curricular activities including volunteering, student societies and national business competitions

Studying abroad enables you to gain international experience and study in leading European universities including in France, Sweden and the Netherlands, where teaching is in English.

Between 2016 and 2020 we're investing £125 million in the London Metropolitan University campus, moving all of our activity to our current Holloway campus in Islington, north London. This will mean the teaching location of some courses will change over time.

Whether you will be affected will depend on the duration of your course, when you start and your mode of study. The earliest moves affecting new students will be in September 2017. This may mean you begin your course at one location, but over the duration of the course you are relocated to one of our other campuses. Our intention is that no full-time student will change campus more than once during a course of typical duration.

All students will benefit from our move to one campus, which will allow us to develop state-of-the-art facilities, flexible teaching areas and stunning social spaces.

Please note, in addition to the tuition fee there may be additional costs for things like equipment, materials, printing, textbooks, trips or professional body fees.

Additionally, there may be other activities that are not formally part of your course and not required to complete your course, but which you may find helpful (for example, optional field trips). The costs of these are additional to your tuition fee and the fees set out above and will be notified when the activity is being arranged.

Unistats is the official site that allows you to search for and compare data and information on university and college courses from across the UK. The widget(s) below draw data from the corresponding course on the Unistats website. If a course is taught both full-time and part-time, one widget for each mode of study will be displayed here.

How to apply

If you're a UK/EU applicant applying for full-time study you must apply via UCAS unless otherwise specified.

UK/EU applicants for part-time study should apply direct to the University.

Non-EU applicants for full-time study may choose to apply via UCAS or apply direct to the University. Non-EU applicants for part-time study should apply direct to the University, but please note that if you require a Tier 4 visa you are not able to study on a part-time basis.

All applicants applying to begin a course starting in January must apply direct to the University.

When to apply

The University and Colleges Admissions Service (UCAS) accepts applications for full-time courses starting in September from one year before the start of the course. Our UCAS institution code is L68.

If you will be applying direct to the University you are advised to apply as early as possible as we will only be able to consider your application if there are places available on the course.

Fees and key information

Undergraduate
L100

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