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Economics (BSc)

economics students

BSc Economics

What if you could apply economic theory to the solutions of today's economic problems? Then you could go on to do great things nationally and internationally; working as a Government Policy Advisor for the Bank of England, an Economist for PWC or conduct research into econometrics as a postgraduate.

Entry Requirements

A*A*A (including A in Maths)

Contextual Offer

AAA (including A in Maths)

Qualification

Bachelor of Science (BSc)

Duration

3 years (full-time)
or 4 years with study abroad

Start Date

Monday 26 September 2022

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Course Overview

Key Information
  • Course Code: L100
  • Qualification: Bachelor of Science (BSc)
  • Duration: 3 years (full-time) or 4 years with study abroad
  • Start Date: Monday 26 September 2022
Course Overview

This comprehensive degree will develop your skills in microeconomics, macroeconomics and econometrics.

It will teach you to abstract and simplify economic problems, both empirically and theoretically, developing a deep knowledge of global and local economic trends, institutions and policies. The degree focuses on research-led teaching and so we will expose you to research from the very start and will encourage you to consider your own research questions.

The flexible degree structure means you can choose from many optional modules within our Department, and from outside departments. These include Law, Mathematics, Computer Science, Business and Languages.

The Student Perspective

Hear Harry share his experiences of studying in the Department of Economics at Warwick.

View a transcript of this videoLink opens in a new window

Course Structure and Modules

The first year consists of four core modules and up to two options. The second-year includes three core modules and up to two options. The third-year comprises up to six options and a core 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 learned.

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 year marks and each contributes 50%.

Year 1
  • 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 as varied as data sources, 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.

  • 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 and collusion, and the work of the major theorists Bertrand, Cournot and Stackelberg, including game theory. 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.
  • Quantitative Technqiues
    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.
  • 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.
  • Plus up to two optional modules
Year 2
  • 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.
  • 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.
  • 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.
  • Plus up to two optional modules
Year 3
  • 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.
  • Plus up to six optional modules
Optional Modules

Optional modules may change from year to year. Recently, a selection of the following options have been offered:

  • Environmental Economics
  • Behavioural Economics
  • Economics of Money and Banking
  • Topics in Applied Economics
  • The Industrial Economy
  • Political Economy
  • Organisational Behaviour
  • Foundations of Finance
  • International Security
  • Languages
Research in Applied Economics (RAE)

Listen to our students discuss how they chose their dissertation subject, what they found interesting and what they ended up researching in their dissertations.

Teaching, Learning and Assessments

Teaching

You will have a combination of lectures, and small group support and feedback classes.

Throughout the degree, you will have many opportunities to apply the principles of economics to practical study. This means that what you are learning is highly relevant to real-world issues. This is something we also emphasise through our 360 guest lecture series. This gives you the chance to engage with policymakers, practitioners and influential decision makers.

Class sizes

Your lecture size will naturally vary, especially for the optional modules, but also for core lectures.

Some of the larger modules may have 200-500 students in them. You will then typically have weekly or fortnightly support and feedback classes with around 15-20 students.

Typical contact hours

You will receive approximately 3 hours of contact time per day, making 15 hours on average per week.

Assessments

You will usually have more formative assessments in year one than in years two and three.

The typical module in years one and two is based 20-30% on coursework and 70-80% on the final examination, but assessment weights and methods do still vary. This is even more the case for final year modules, where the assessment methods vary widely depending on the modules chosen.

In your final year, you'll complete an undergraduate research project. You can explore a topic that particularly intrigues you, bringing together many of the tools and techniques you have learned.

Study Abroad

We currently offer an exciting range of opportunities for you to spend a year abroad. You can study in a higher education institution either in Europe, at the University of Monash in Australia, or with our partners in China and Canada. Studying overseas can add immeasurably to your personal development, future study and career opportunities. It will also offer you an opportunity to experience an alternative university system.

If you’re successful in gaining a Study Abroad placement, your degree programme will become a four-year programme and, assuming you pass sufficient modules whilst abroad, the title of your course changes to add the suffix 'with Study Abroad' to the existing title (e.g. 'BSc Economics with Study Abroad').

Entry Requirements

Typical Offers
Course A Level Contextual Offer IB
BSc Economics (L100)

A*A*A
to include A in Mathematics

AAA
to include A in Mathematics

39
to include 6, 6, 6 in three Higher Level subjects including Higher Level Mathematics (either ‘Analysis and Approaches’ or ‘Applications and Interpretation’)

Please note: Our selectors value a breadth of subjects. You should therefore avoid subjects with significantly overlapping curricula where possible - for example, Economics and Business Studies. We also do not accept Critical Thinking and General Studies.

Contextual Offer

We welcome applications from candidates who meet the contextual eligibility criteria. See if you’re eligible.

BTEC

We welcome applications from students taking BTECs alongside two A levels, including A level Mathematics.

International Qualifications

We welcome applications from students with other internationally recognised qualifications. For more information, please visit the international entry requirements page.

Warwick International Foundation Programme (IFP)

All students who successfully complete the Warwick IFP and apply to Warwick through UCAS will receive a guaranteed conditional offer for a related undergraduate programme (selected courses only).

Find out more about standard offers and conditions for the IFP.

English Language Requirements

All students will also need to meet our English Language requirements.

Taking a gap year

Applications for deferred entry welcomed.

Interviews

We do not typically interview applicants. Offers are made based on your UCAS form which includes predicted and actual grades, your personal statement and school reference.

Fees and Funding

Tuition Fees

Find out more about fees and funding.

Careers

Graduate Destinations

Graduates from our Economics degrees have gone on to work for employers including:

  • Accenture
  • Amazon
  • Bank of America Merrill Lynch
  • Bloomberg
  • Centrica
  • Department for International Trade
  • HSBC
  • Investec
  • PwC
  • Santander UK
  • Teach First
  • UBS
  • Unilever

They have pursued roles such as:

  • Analysts
  • Associate Consultants
  • Advertising Account Managers
  • Business Analysts
  • Business and Financial Project Management Professionals
  • Chartered and Certified Accountants
  • Creative Directors
  • Economists
  • Finance and Investment Analysts and Advisers
  • Management Consultants
  • Quality Assurance Technicians
  • Taxation Experts
Heping you find the right career

Our Department has a dedicated professionally qualified Senior Careers Consultant offering impartial advice and guidance together with workshops and events throughout the year. Previous examples of workshops and events include:

  • Careers in Economics Webinar Series
  • Careers in Economics Event
  • Investment Banking Uncovered
  • Warwick careers fairs throughout the year
  • Mock Assessment Centre workshops
  • Manage Your Digital Identity and Use LinkedIn Effectively

Find out more about careers support at Warwick.

photo of valentine
"The best aspect of studying Economics at Warwick for me is the course itself. I have learned how to work independently, how to question everything that I see, and how to better understand the world."

Valentine - BSc Economics with Study Abroad

Hear from Students