Economics degrees are highly competitive and we’re proud to be ranked in the Top 5 in London and the top 300 worldwide for Economics (The Guardian University Guide 2019 and Times Higher Education World University Rankings 2019). Related to everything from banking and finance, to public policy, education and healthcare, this course equips you to navigate a future career in a range of sectors.
Our course will dynamically introduce you to economic theory and its core concepts so you gain a deep knowledge of economic forces like wealth and income creation, allocation of resources, production and consumption of goods, alongside others.
A BA in economics can lead to a wide range of careers, including roles like business analysts, financial policy advisors and economic consultants.
You'll be taught by active researchers, widely published in the areas of microeconomics, behavioural and experimental economics, and econometrics. You'll have access to a number of cutting-edge business resources which include the Chartered Management Institute's Management Direct Resource Hub, Datastream, Bloomberg financial software, and our state-of-the-art Financial Markets Lab.
Our economics course will equip you with subject-specific as well as transferable skills that are highly sought-after across different industries. The analytical and quantitative skills you'll develop are desirable by both the private and public sectors. Combine that with our industry links and the network you will develop during your course, and a fulfilling career awaits.
We believe work placements are invaluable in preparing you for a career in economics and we'll give you the choice of two optional placements. You can choose to do a 36 week sandwich placement in year 3, as part of a 4 year degree, or two 18 week summer placements that’ll allow you to complete your degree in 3 years.
We know sometimes you’ll need assistance and support when it comes to your studies. During your time with us you'll get assistance from a Personal Tutor. If you require a little extra support, we have Student Learning Assistants and Graduate Academic Assistants on hand to help.
Sign up now to receive more information about studying at Middlesex University London.
BSc Economics pathway - Year 3 modules
BSc Economics (Banking) pathway - Year 3 modules
BSc Economics (Development) pathway - Year 3 modules
BSc Economics (Industrial) pathway - Year 3 modules
BSc Economics (Business) pathway
BSc Economics (Behavioural and Experimental) pathway
BSc Economics (Finance) pathway
BSc Economics (Quantitative) pathway
This module aims to provide you 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 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.
A 12 month placement is offered at the end of Year 1 and is worth 120 credits. The placement forms the basis for an assessed report based on the organisation in which you are attached. At the start of the placement you are allocated an individual supervisor from the university who provides individual support and advice for the duration of the placement and the project. All projects are double marked. Placements allow you to gain work experience and also to test out a function or area in which you think your career will progress after graduation. On many occasions the placement will help with your academic studies. They also provide good opportunities for networking, as a source for references and can even secure future employment after graduation with the employer. Alternatively, you may opt to take one or two shorter placements, each worth 60 credits, between Year 1 and 2 and/or between Year 2 and 3. These shorter placements allow you to gain work experience but to still graduate after three years.
This module aims to develop your knowledge of microeconomics theories that can be used to explain and predict consumers' and firms' behaviour. The aims of this module are to provide you with analytical tools to evaluate theories of consumer and investor behaviour, and to analyse and compare firms' production and pricing policies under different firms' objectives. In addition, this module will also introduce the individual behaviour with respect to choices with uncertainty and basic concepts of public economics.
This module aims to provide you with an understanding of the macroeconomic environment through a study of the models and techniques of macroeconomics and an appreciation of current controversies with respect to the formulation, implementation and impact of macroeconomic policies.
This module aims to expose you to basic econometrics theory and provide you with a deep knowledge of the techniques involved in modern applied econometrics. The module is problem and data driven, giving you the skills to estimate and interpret econometric models, while having a strong grasp of the underlying theoretical concepts. The module will introduce the range of econometric techniques, which will enable you to undertake applied econometric work successfully via hands-on training using econometrics computer software including R, Stata and Gretl.
This module aims to introduce the fundamental mathematical concepts used in economic analysis. These include calculus, unconstrained and constrained optimisation for univariate and multivariate functions, integral calculus, differential equations and dynamic optimisation. The course serves as a basis for advanced economics and finance courses.
A 12 month placement is offered at the end of Level 5 and is worth 120 credits. The placement forms the basis for an assessed report based on the organisation in which you are attached. At the start of the placement, you are allocated an individual supervisor from the university who provides individual support and advice for the duration of the placement and the project. All projects are double marked. Placements allow you to gain work experience and also to test out a function or area in which you think your career will progress after graduation. On many occasions the placement will help with your academic studies. They also provide good opportunities for networking, as a source for references and can even secure future employment after graduation with the employer. Alternatively, you may opt to take one or two shorter placements, each worth 60 credits, between Year 1 and 2 and/or between Year 2 and 3. These shorter placements allow you to gain work experience but to still graduate after three years.
This module aims to introduce the advanced topics in macroeconomics through analysing macroeconomic concepts in a rigorous and technical manner and enriching your competencies in quantitative techniques. Focus will also be given on policy issues and implications derived from the latest developments in macroeconomics.
This module is for those interested in conducting original research on economics questions. The module aims to provide you with the set of tools and skills needed to critically evaluate research in economics. You have to attend the weekly seminars in economics and write a brief research report, summarising the main ideas of the paper and evaluating strong points and the main limitations of the research paper presented in the seminar.
The module aims to provide you with a set of tools to analyse the effects of social networks on employment, inequality, productivity and labour mobility and migration. You 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, you will learn techniques developed for social network analysis to identify the human resources strategies that would maximise productivity in the workplace. The first part of the module is designed to provide a broad overview of social network techniques and their applications to the labour market. The second part will focus on human capital investment, employment, productivity, discrimination in the labour market and labour mobility and migration.
This module aims at developing your 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 your critical thinking on economic aspects of the development process in low and middle-income countries. You 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 provides a comprehensive exposure to the insights and methods of behavioural and experimental economics. The module consists of two parts. The first, is aimed at providing 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 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 rationalised 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.
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 your 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. You 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.
This module consists of three parts. The first part will provide you with an advanced understanding of the principles of experimental design in experimental economics. In the second part, you will learn special issues concerning current topics in experimental economics. The third and final part will introduce the field experiments and Randomised Control Trials (RCTs).
This module aims to build your 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, and identify and assess different systems of allocating funds for economic development. You will develop your 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 allows you 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 securitisation, regulations, and the effect of accounting standards. This module provides the opportunity for you to develop risk modelling skills, analytical and numerical skills in banking risk management practice
The module aims to provide an understanding of "money", monetary standards and the monetary sector, as well as an understanding of the evolution of monetary and banking (economic) theory and the seminal controversies since Hume and Bagehot. You will gain 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. You will analyse public policy and safety of the financial system and develop specialist knowledge suitable for further development via postgraduate study or professional employment.
This module aims to provide the knowledge of theories of exchange rate and balance of payments, and skills of managing international financial assets and exchange rate risks in a global environment. You have the opportunity to study the operations of the world capital markets, grasp the principles essential to understanding of global financial issues and policies, and apply tools to effectively evaluate and manage foreign exchange risks in order to succeed in international financial environment.
This module aims to provide you with a solid understanding of contemporary corporate finance both theoretically and practically. The module will explain all the main aspects of financial management, including capital budgeting and investment decision-making, capital structure and finance decision-making, and working capital management. It will enable a critical appreciation of the link between accounting and finance, and the interaction between financial decision-making and capital market behaviour. You will also develop and refine your transferable skills, including communication, presentational skills, critical analysis, time management and team-working skills.
The module aims to develop your knowledge of modern investment theory and practice. A detailed study of classic portfolio theory provides the basis for an appreciation of, and further investigation into, themes that are currently at the forefront of reflection and research in investment theory, including sceptical views of the classic paradigm whose status has been boosted by the international banking crisis that began in 2008. In tandem with a critical approach to theory, the module offers insights into the quantitative methods (and supporting technology) that are used to inform the construction and management of investment portfolios. Furthermore the module analyses institutional, product and technological innovation in the sphere of investment management, particularly in relation to a heightened concern with risk control, market liquidity and disclosure of information.
You can find more information about this course in the programme specification. Optional modules are usually available at levels 5 and 6, although optional modules are not offered on every course. Where optional modules are available, you will be asked to make your choice during the previous academic year. If we have insufficient numbers of students interested in an optional module, or there are staffing changes which affect the teaching, it may not be offered. If an optional module will not run, we will advise you after the module selection period when numbers are confirmed, or at the earliest time that the programme team make the decision not to run the module, and help you choose an alternative module.
Dr. Grechyna obtained her PhD in Economics (2011) in the Autonomous University of Barcelona (Spain). Her area of specialisation is macroeconomics and computational economics. In particular, she works on fiscal policy, economic growth and development, financial markets and macroeconomics.
Start: October 2019, EU/International induction: September 2019
Duration: 3 years full-time, 4 years full-time with placement, 6 years part-time
Start: October 2019
Duration: 1 year full-time, Plus 3 years full-time
Code: See How to apply tab