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Economics - BSc (Hons) - Video

This programme emphasises those aspects of Economics that relate to the practical application of Economics to finance, policy making and management.

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Graduates from this course have gained employment with a wide range of organisations

  • Citi
  • Deloitte
  • FinTru
  • Northern Ireland Civil Service
  • OCO Global - Mintel Ireland
  • Oxford Economics
  • PWC

Graduates from this course are employed in many different roles

  • Accountant
  • Assistant Economist
  • Compliance Officer
  • Data Analyst
  • Investment Administrator
  • Risk Consultant
  • Stockbroker

Overview

Important notice – campus change This course will move to the Belfast campus.  Students will change campus part way through this course. Find out more

In this section

This programme emphasises those aspects of Economics that relate to the practical application of Economics to finance, policy making and management.

Summary

This programme emphasises those aspects of economics which relate to the practical application of Economics today in finance, policy making, management and firm behaviour & consumer decisions.

This programme aims to provide students with the ability to apply economic principles and models to a wide range of issues as well as understanding the larger driving forces which shape economic and public policy.

You will develop problem solving skills and become more adept in numeracy, IT and the use of statistical methods.

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About this course

In this section

About

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.

Associate awards

Diploma in Professional Practice DPP

Diploma in International Academic Studies DIAS

Diploma in Professional Practice International DPPI

Find out more about placement awards

Attendance

Class are timetabled per semester for full-time students.

Three years full-time – BSc Hons.

Four years full-time – BSc Hons with DPP / DIAS.

Start dates

  • September 2019
How to apply

Modules

Here is a guide to the subjects studied on this course.

Courses are continually reviewed to take advantage of new teaching approaches and developments in research, industry and the professions. Please be aware that modules may change for your year of entry. The exact modules available and their order may vary depending on course updates, staff availability, timetabling and student demand. Please contact the course team for the most up to date module list.

In this section

Year one

Economics in Practice

Year: 1

This module is intended to engage students actively and effectively at an early stage in the degree program. The focus of the module is on applying core economic theory to practical and topical issues and on enabling students to develop their ability to think critically - an important characteristic in enhancing employability. The intention is that students become 'positively disruptive' in their thinking and behaviours, and have the digital, written and verbal skills to communicate this in a professional and effective manner.

Microeconomic Principles

Year: 1

This module introduces students to key concepts and models used by economists to analyse the microeconomic problems and issues characteristic of contemporary market economies. Emphasis is given to market activity and the consequences this has for different groups within society. The module will allow students to understand the need for government intervention and regulation of market forces within a market economy.

Macroeconomic Principles

Year: 1

This module aims to develop students' knowledge and understanding of the macroeconomic environment exploring the origin of macroeconomics critically evaluating competing theories of macroeconomic behaviour. It introduces students to the issues that Macroeconomics deals with such as the role of government in managing the economy.

Mathematics and Statistics for Economics and Business

Year: 1

This module introduces students to some basic mathematical and statistical techniques, which can be applied to economic and business problems.

Skills for Economists

Year: 1

The aim of this module is to prepare students for life at university, and to prepare students for a career as an economist. This module will cover essential skills for university and work, including career options for graduates, writing for university and work, practical research skills and analytical techniques. This module will also introduce students to working with real data to analyse current economic issues. Students will also gain experience working in Microsoft Office packages, and statistical packages including Excel and SPSS. The practical nature of this module will form the basis of skills required for study in second and third year and introduce applied techniques that are essential for a career as a professional economist.

Introduction to Accounting for Business

Year: 1

This module is optional

Introduction to Business Accounting provides an introduction to financial and management accounting. The background to the requirement to produce, and the purpose of preparing accounting statements is examined. The module introduces the student to the study of accounting as it impacts on business and economic activity. In particular it considers the preparation of basic financial statements for sole-traders and introduces the student to terminology used in cost determination and pricing.

Financial Institutions and Markets

Year: 1

This module is optional

To provide students with an overview of the financial system. It seeks to develop students' understanding of financial markets, institutions and the environment within which they operate.

Year two

International Economics

Year: 2

In the increasingly integrated world economy of the modern times, it is essential that students of business economics should gain an understanding of the basic principles and issues of international economics. This module will seek to provide such an understanding and an appreciation of the major trade-related issues facing both the developed and the developing world. It will also seek to enable students to acquire the skills necessary to analyse real world problems with the help of appropriate analytical tools and a sound theoretical framework. The module will be delivered in both large group and small group sessions and the assessment will be based partly on course work and partly on sessional examination.

Analytical Methods for Economics

Year: 2

This module further develops the mathematical and statistical techniques which can be applied to economic and business problems.

Intermediate Microeconomics

Year: 2

This module examines the objectives and internal and external environments within which consumers and firms must operate, and studies the principle that economic decisions have to be "optimal". The principal theme of this module is the concept of decision making by market participants and the role of markets in coordinating these decisions resulting in efficient economic outcomes.

Intermediate Macroeconomics

Year: 2

This module provides an account of the structure of macroeconomic theory and of how its parts interact. It also reviews some of the thoeretical questions and controversies surrounding this structure. Finally it uses macroeconomic theory to shed light on some real world issues and problems.

Entrepreneurship and Professional Practice

Year: 2

This module aims to engage students in their own employability development as well as raising their awareness of innovation and entrepreneurship at work. Students will examine the local, national and global labour market and look at trends to support the development of keeping with their own personal strengths and weaknesses. Through research, team-work and presentations, students will engage with local employers and entrepreneurs to audit their personal entrepreneurial potential and better understand their future career path.

History of Economic Thought

Year: 2

This module is optional

Many issues in economics can best be placed and understood in the context of the development of economic thought. The module therefore seeks to provide students with a grounding in the works of the key thinkers in economic thought since 1700 including Smith, Ricardo, Marx, Marshall, Keynes and Friedman.

Regional Economics: Understanding the Northern Ireland Economy

Year: 2

This module is optional

Regional Economics: Understanding the Northern Ireland (NI) economy module gives students the opportunity to understand the workings and the contemporary issues surrounding the NI economy. In addition the module introduces and aids students understanding of the economic policy development/making process. The module will also enhance students understanding about the behaviour and operation of the NI economy and how it impacts upon businesses and society in general.

Industrial Economics - Understanding and Regulating Markets

Year: 2

This module is optional

Industrial Economics explores the workings of markets and industries using the techniques of economic analysis, examining some of the aspects that relate to if the state should and how the state may intervene in the operation of those markets.

Principles of Investing

Year: 2

This module is optional

This module provides students with the necessary knowledge and skills to understand the relevance & importance of functioning of financial markets, develops knowledge of the global financial services industry, financial assets and investment products, and to critically evaluate competing and complementary trading and investment styles.

Year three

Diploma in International Academic Studies

Year: 3

This module is optional

The Diploma in International Academic Studies provides students with the opportunity of an extended period of study outside UK and Republic of Ireland. Students develop and enhanced understanding of business and management in an international environment.

Diploma in Professional Practice

Year: 3

This module is optional

This module provides undergraduate students with an opportunity to gain structured and professional work experience, in a work-based learning environment, as part of their planned programme of study. This experience allows students to develop, refine and reflect on their key personal and professional skills. The placement should significantly support the development of the student's employability skills, preparation for final year and enhance their employability journey.

Year four

Econometric Analysis

Year: 4

This module will enable students to apply econometric techniques to analyse economic data.

Issues in Microeconomics

Year: 4

This module aims to develop students' knowledge and understanding of applying microeconomics to the analysis of economic issues at an advanced level.

Issues in Macroeconomics

Year: 4

The inability of conventional macroeconomic models to explain the events has prompted the revival of the Keynesian view of the world. This module critically evaluates a range of traditional models of macroeconomic behaviour based upon perfectly competitive behaviour in factor and output markets and sets out a range of models based upon imperfectly competitive behaviour that offer a more satisfactory explanation for a set of stylised facts of modern economic outcomes.

Regional Economics: UK Regions and Cities, Theory Policy and Forecasting

Year: 4

This module is optional

The Regional Economics module gives students a different spatial perspective on the economic development process. It examines a variety of approaches to modelling regional economics and to measuring the impact of regional policies. This module offers students the opportunity to work with real data to analyse current economic issues. Students will enhance their practical IT skills within the Microsoft Office suite and develop commercially relevant techniques. These skills are in demand and will improve the employability of graduates.

Economics of Globalisation

Year: 4

This module is optional

Globalisation is an inescapable part of the economic life of every nation in the modern world. An understanding of the economic principles and the empirical reality of globalization is essential for both being able to make sense of what is happening in the world and for formulating appropriate policy responses to global economic changes. This module focuses on both theory and practice of globalization, and, critically discusses relevant economic principles and policies.

Economics of Governance

Year: 4

This module is optional

More often than not individuals have to make decisions and act without full knowledge of the environment where they operate. How this imperfect information affects the motives of sellers and buyers and economic relations more generally, is the subject of the present module. After analyzing basic concepts like property rights, contracts and transaction costs, it examines the sources of asymmetric information and its consequences on behaviour. This is followed by a presentation of the principal - agent relationship and the firm as a hierarchy and an examination of the institutions, incentive contracts and governance structures designed to resolve conflicting interests of the participating economic actors.

Economic Policy

Year: 4

This module is optional

This module is designed to develop skills that are in demand from professional economists in both the public and private sectors. It builds upon theoretical knowledge developed in the first 3 years and develops research, analytical, written and presentation skills. A major focus on instilling the disciplines of accuracy and checking into data and written work by emphasising the implications of mistakes and false interpretation. The module aims to increase the employability of students by equipping them with relevant knowledge and skills that are in demand from the marketplace.

Behavioural Finance

Year: 4

This module is optional

The module aims to provide students with a knowledge and understanding of theoretical and empirical limitations of traditional finance theory and presents the foundations of behavioural finance. Students will have the opportunity to critically evaluate behavioural explanations for anomalies in financial markets and gain an understanding of the inherent implications, opportunities and limitations of behavioural finance itself.

Entry conditions

We recognise a range of qualifications for admission to our courses. In addition to the specific entry conditions for this course you must also meet the University’s General Entrance Requirements.

In this section

A level

A-level grades BBC if including A-Level Mathematics or

BBB if not completing A-level Mathematics.

Applied General Qualifications

Overall BTEC award profile DDM to include Unit profile of 9 distinctions.

Irish Leaving Certificate

Overall Irish Leaving Certificate profile H3, H3, H3, H3, H3 or H3,H3, H3, H3, H4 to include Maths at Higher Level.

Scottish Highers

The Scottish Highers requirement for this course is BBBCC or BBCCC to include minimum of Grade C in Maths.

Scottish Advanced Highers

The Scottish Advanced Highers requirement for this course is CCC or CCD to include minimum of Grade C in Maths.

International Baccalaureate

Overall International Baccalaureate profile minimum 26 points (13 at higher level).

Access to Higher Education (HE)

Overall Access profile 70%.

GCSE

GCSE Profile to include Maths with a minimum Grade B.

GCSE Profile to include English Language with a minimum Grade C.

English Language Requirements

English language requirements for international applicants

The minimum requirement for this course is Academic IELTS 6.0 with no band score less than 5.5. Trinity ISE: Pass at level III also meets this requirement for Tier 4 visa purposes.

Ulster recognises a number of other English language tests and comparable IELTS equivalent scores.

Teaching and learning assessment

The main learning and teaching methods used on this programme are lectures, (including guest speakers), seminars, directed reading, independent and self centred learning and IT based resources.

Each module adopts a unique assessment strategy and this may include computer based
exercises, class tests, essays, oral presentations (individual and group), case studies, "live projects", debates, infographics,eportfolios, reflective diaries and innovative action planning and examinations.

Exemptions and transferability

Most students enter Year 1 of the programme. Applicants who can provide evidence of previous relevant study, awarded in accordance with the Credit Accumulation Transfer Scheme, (CATS), may be considered for entry to Year 2. In appropriate cases, opportunities exist at the end of Year 1 for reciprocal transfer between this programme and other first-degree programmes in the School.

Careers & opportunities

In this section

Graduate employers

Graduates from this course have gained employment with a wide range of organisations. Here are some examples:

  • Citi
  • Deloitte
  • FinTru
  • Northern Ireland Civil Service
  • OCO Global - Mintel Ireland
  • Oxford Economics
  • PWC

Job roles

Graduates from this course are employed in many different roles. Here are some examples:

  • Accountant
  • Assistant Economist
  • Compliance Officer
  • Data Analyst
  • Investment Administrator
  • Risk Consultant
  • Stockbroker

Career options

Previous Economics graduates have gone into careers in business, financial and public sectors locally, nationally and throughout Europe. Recent graduates have taken up careers as consultants in accountancy firms, recruitment consultants, economic researchers, assistant economists, trainee accountants, stockbroking and financial services.

Work placement / study abroad

The programme has the option for either a work placement or study abroad between the second and final years.

Apply

How to apply Request a prospectus

Applications to full-time undergraduate degrees at Ulster are made through UCAS.

Start dates

  • September 2019

Fees and funding

In this section

Fees (per year)

Important notice - fees information Fees illustrated are based on 18/19 entry and are subject to an annual increase. Correct at the time of publishing. Terms and conditions apply. Additional mandatory costs are highlighted where they are known in advance. There are other costs associated with university study.
Visit our Fees pages for full details of fees

Northern Ireland & EU:
£4,160.00

England, Scotland, Wales
and the Islands:

£9,250.00  Discounts available

International:
£13,680.00  Scholarships available

Scholarships, awards and prizes

In 1st year, there is a prize for the best mark in the Accounting for Business module across the Economics/Business Economics family of programmes.

In final year, there is a prize for the best overall (average) mark across the Economics/Business Economics family of programmes.

Additional mandatory costs

Tuition fees and costs associated with accommodation, travel (including car parking charges), and normal living are a part of university life.

Where a course has additional mandatory expenses we make every effort to highlight them. These may include residential visits, field trips, materials (e.g. art, design, engineering) inoculations, security checks, computer equipment, uniforms, professional memberships etc.

We aim to provide students with the learning materials needed to support their studies. Our libraries are a valuable resource with an extensive collection of books and journals as well as first-class facilities and IT equipment. Computer suites and free wifi is also available on each of the campuses.

There will be some additional costs to being a student which cannot be itemised and these will be different for each student. You may choose to purchase your own textbooks and course materials or prefer your own computer and software. Printing and binding may also be required. There are additional fees for graduation ceremonies, examination resits and library fines. Additional costs vary from course to course.

Students choosing a period of paid work placement or study abroad as part of their course should be aware that there may be additional travel and living costs as well as tuition fees.

Please contact the course team for more information.