Economics BSc (Hons)

This course offers you the opportunity to study the many different ways in which society distributes scarce resources such as land, labour, raw materials, and machinery to produce goods and services.

There are two subdivisions within Economics - Microeconomics involves the study of the supply and demand decisions of individuals and firms, such as how profits can be maximised and how much of a good or service consumers will demand at a certain price whilst Macroeconomics deals with the study of outcomes in the whole economy concerned with issues such as unemployment, inflation, economic growth, productivity, and investment.

Economics relies upon analytical and quantitative techniques to verify or reject theories about such behaviour with one of the most frequently used techniques being Econometrics, where statistical techniques are used to formulate models, estimate economic relationships and to develop forecasts.

As well as the core aspects, Economics can also be applied to a variety of areas and these are reflected in the topics that you will have the opportunity to study during the programme.