Economics is fundamental to how we live our daily lives from banking and financial services to public policy, education and healthcare. Our Economics students graduate as self-motivated, ambitious learners, able to confidently navigate their future career path.
Why study BA Economics at Middlesex?
Our dynamic degree introduces the core concepts, practices and techniques of economics and considers how they have evolved over time. Economics study is primarily concerned with the production and consumption of goods, and how wealth is created, lost and transferred globally. Through stimulating theory and debate you will explore the key factors that influence economic forces, such as wealth and income creation and the nature of our most precious resources; how they are allocated, distributed and used. This degree can lead to a wide range of careers across the finance, economics and policy sectors.
“I enjoyed the excellent teaching and the diversity of my fellow students. My tutors were qualified accountants with many years of sector experience.” Thomas Papanagiotou, BA Accounting and Finance graduate
You will develop your understanding of the role and significance of economics across society as a whole and gain a thorough grounding in micro and macro economic theory and principles, alongside economic policy, which will provide a firm foundation in the study of economic systems.
You will learn to assign the application of economic theory to international trade and business; the impact of economics to decision-making; quantitative and computing methods applicable for economics and finance; and business across a number of chosen economic areas.
This module aims to provide students with an appreciation of basic microeconomic analysis as a basis for understanding the operation of a market economy, an awareness of the microeconomic effects of economic policy, and a good background in microeconomics to prepare the student for further microeconomic study.
This module aims to provide an appreciation of basic macroeconomic analysis as a basis for understanding the operation of a market economy, an awareness of the policy options and dilemmas facing the government as well as the macroeconomic effects of economic policy, and a good background in macroeconomics to prepare the student for further macroeconomic study.
This module aims to introduce students to the analysis and interpretation of quantitative data. Topics include summary statistics, probability, random variables and probability distributions, statistical inference, point estimation and confidence intervals.
This module aims to introduce the basic mathematical concepts used in economic analysis. These include the basic properties of functions, univariate and multivariate calculus and matrix operations. The course serves as a basis for second year economics courses.
This module aims to provide students with an understanding of microeconomic theories that can be used to explain and predict the behaviour of consumers and firms. The module also aims to explore the nature of the firms and their markets; explain and evaluate theories of consumer and investor behaviour; analyse and compare the firm s production and pricing policies given profit maximisation and alternative business objectives. The module will also introduce students to special topics in microeconomics such as asymmetric information and externalities.
This module aims to develop students' ability and skills to analyse and critique on the purpose and effectiveness of current economic policies and their implications on all walks of lives. Research, analytical, communication, presentation and inter-personal skills will be sharpened through student-centred activities such as group discussion, regression analysis, debate, presentation and report writing. Awareness of current economic issues and policies and their economic underpinnings would be raised and emphasised. Ideas on how existing policies could be improved or modified would also be cultivated.
The aim of this module is to help students understand the basic principles of econometric analysis and how econometrics can be used to test economic theories. The module provides students with the skills to analyse data, estimate and interpret econometric models. The module will introduce the students to a range of econometric techniques and their application using econometrics computer software including Excel and Gretl. This module provides the essential background for the third year Applied Econometrics module.
The purpose of this module is to review elements of statistical/econometrics from a practical and intuitive viewpoint. In addition, it covers new topics on advanced time series, forecasting, binary choice models, count data model, instrumental variables in panel data models and selection methods, such as the bayesian model averaging. Students should be able to recognise data problems, specify and estimate econometrics model for policy analysis and being able to undertake empirical research individually and independently. They will also have the opportunity to learn econometrics package "R" in the computer labs.
This module provides balanced coverage of the key concepts of international trade theory and its policy applications in the world economy. The aims of this module are to develop students' knowledge and analytical tools to explain patterns of trade and specialisation using the classical models such as Ricardo and Heckscher-Olin and the more recent models of monopolistic competition. Students will learn to identify welfare gains from trade and the effects of international trade on income distribution. The module also provides the basis to evaluate key issues in trade policies, the WTO, and trade agreements.
The module aims to provide students with; - an understanding of money , monetary standards and the monetary sector; - an understanding of the evolution of monetary and banking economic theory and the seminal controversies since Hume and Bagehot; - the ability to apply monetary theory to public policy in a domestic and international context; and - investigate emerging and current issues of monetary policy and banking; - analyse public policy and safety of the financial system; - develop specialist knowledge suitable for further development via postgraduate study or professional employment.
This module aims to allow students to develop an understanding of the process of financial risk management in banking, including financial markets and instruments, derivatives, various bank risks and their management, financial crisis and securitization, regulations, and the effect of accounting standards. This module provides students the opportunity to develop risk modelling skills, analytical and numerical skills in banking risk management practice.
This module provides a comprehensive exposure to the insights and methods of behavioural and experimental economics. The module consists of two parts. The first one is aimed to provide a formal framework for the analysis of strategic interactions, and as such is designed to introduce the main solution concepts in Games of Strategy. The second part of the module is intended to assess the predicted power of the different solution concepts when it comes to actual human behaviour and real experimental data. Recent findings from behavioural and experimental design are discussed and departures from equilibrium predictions are rationalized using alternative solution concepts. Applications and everyday examples are provided of problems facing individuals, groups and organisations when making economic decisions in a complex world.
The module aims to provide students with a set of tools to analyse the effects of social networks on employment, inequality, productivity and labour mobility and migration. Students will become familiar with theories, methods and techniques used by labour economists and will have the opportunity to apply them to topics of interest. For example, students will learn techniques developed for social network analysis to identify the human resources strategies that would maximize productivity in the workplace. The first part of the course is designed to provide a broad overview of social network techniques and their applications to the labour market. The second part of the course will focus on human capital investment, employment, productivity, discrimination in the labour market and labour mobility and migration.
This module aims at developing students' knowledge in microeconomic theories that can be used to explain and predict problems in economic development faced by developing countries. The aims of this module are to provide analytical tools to develop students' critical thinking on economic aspects of the development process in low and middle-income countries. Students will learn to analyse a range of problems in economic development and to identify advantages and disadvantages of public policies aiming at solving or reducing these problems.
This module consists of three parts. The first part will provide students with an advanced understanding of the principles of experimental design in experimental economics. In the second part the students will learn special issues concerning current topics in experimental economics. In the third and final part will introduce students to field experiments and Randomized Control Trials (RCTs).
This module aims to build student knowledge of banking. It approaches banking from an economic perspective (but with some basic accounting included) with an aim to: explore the complexity and integrated nature of financial systems with emphasis on the UK and the USA; identify and assess different systems of allocating funds for economic development; develop students' ability to apply introductory risk management tools and techniques in banking, and investigate emerging issues and contemporary trends in banking theory and practice.
This module aims to develop students' knowledge of firm strategic behaviour in markets. The course builds on Level 2 Intermediate Microeconomics. The aims of this module are to provide analytical tools for students whereby they can understand concepts such as market concentration, monopoly power, price discrimination and firm strategic interaction in markets. Students will learn how location is an important determinant for firm markets power and provides a strategic advantage to a firm. They will learn to evaluate key issues about market structure and their implications for different strategies as well as to apply economic theory to the decision making process of firms.
You will attend lectures, seminars, workshops and laboratory sessions, as well as making use of online learning resources and reading textbooks and articles in your own time. You will take part in class discussions, give presentations, complete written assignments and examine case studies.
You can opt to extend the course by a year, and spend the third year doing a work placement, which we will help you to find. You will produce an assessed report on the organisation you have been working with. Alternatively, you can opt to do two shorter placements in the summers after years 1 and 2.
You will be assessed through exams, tests, reports and other written coursework and presentations, as well as your performance in seminars and workshops. You will receive informal feedback from your tutor in seminars and after class tests.
Typical offers for this course:
A Levels minimum two, maximum three subjects
Edexcel BTEC Level 3 Extended Diploma minimum two, maximum three subjects
Access to HE Diploma
Overall pass: must include 45 credits at level 3, of which 15 must be at Merit or higher
If you are unable to meet the entry requirements for this course you may still be eligible for our Foundation year course. This is an extra year of study to prepare you for the full degree. For more information see our Business Foundation page.
The UCAS Tariff has changed for courses starting in September 2017. The points awarded to each qualification have been lowered in comparison to the previous UCAS Tariff. Our entry requirements are displayed as the grades you will require, however if you wish to find out the equivalent tariff points please use the UCAS calculator.
UK/EU and International students are eligible to apply for this course.
If you have achieved a qualification such as a foundation degree or HND, or have gained credit at another university, you may be able to enter a Middlesex University course in year two or three. For further information please visit our Transfer students page.
If you have relevant work experience, academic credit may be awarded towards your Middlesex University qualification. For further information please visit our Accreditation of Prior Learning page.
We accept the equivalent of the above qualifications from a recognised overseas qualification. To find out more about the qualifications we accept from your country please visit the relevant Support in your country page.
If you are unsure about the suitability of your qualifications or would like help with your application, please contact your nearest Regional office for support.
You will not need a visa to study in the UK if you are a citizen of the European Union, Iceland, Liechtenstein, Norway or Switzerland. If you are a national of any other country you may need a visa to study in the UK. Please see our Visas and immigration page for further information.
You must have competence in English language to study with us. The most commonly accepted evidence of English language ability is IELTS 6.0 (with minimum 5.5 in all four components). Visit our English language requirements page for a full list of accepted English tests and qualifications. If you don't meet our minimum English language requirements, we offer an intensive Pre-sessional English course.
Entry onto this course does not require an interview, entrance test, portfolio or audition.
An Economics degree builds both subject specific and transferable skills, making it an ideal study choice for launching a career across both the public and private sectors: from banking and finance, to economics consultancy.
Economics graduates have progressed to work for leading companies, including: John Lewis, Nokia, O2, World Trade Group, Cyprus Government, IBM, Halifax, Natwest, Canadian High Commission, Arwens and Fratelli.
You could become an economist, accountant, analyst, or statistician and work across government departments and think tanks, banks (both high street and city), insurance and accountancy firms, private consultancies, and charitable and not-for-profit organisations.
We encourage our students to either undertake a paid work placement during their studies as a year long assignment between year two and three, or to undertake an internship; either full-time over the summer following your second year of study, or part-time throughout the course of your final year.
The paid, year-long work placement exempts you from paying tuition fees for the full academic year; ensuring you gain the necessary practical skills to embark on your chosen career.
Work experience in the form of placements and internships greatly improve graduate employment prospects, and students who take part achieve excellent academic results through applying their learning in a professional setting.
Our specialist Employability Service and London location ensure that every year our students and graduates gain prestigious placement opportunities.
Our Employability Service can help you to develop your employability skills and gain valuable work experience. We provide workshops, events and one-to-one support with job hunting, CVs, covering letters, interviews and networking. We also support you in securing part-time work, placements, internships, and volunteering opportunities, and offer an enterprise support service for those looking to start their own business. Find out more here.
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