Economics

Durham University

Learn how the principles of economic theory, applied economics and statistical techniques are applied by individuals, businesses and governments and how these decisions affect society. Economics is at the heart of decision-making across every aspect of society. From individuals and businesses to public bodies and multinational organisations, economists examine available resources and work out how they can be used efficiently and effectively. BA (Hons) Economics has been developed to meet the needs of the business world and equip you with the skills to succeed in a range of industries. As well as preparing you for a career in the financial services sector, the critical and analytical skills developed during the degree provide a springboard into the worlds of journalism, policy, education and international development. Central to the course is the real-world application of economics. The curriculum includes lectures from expert speakers and projects where you will have a chance to investigate a range of contemporary economics issues. Learning from industry experts you’ll develop a solid grounding in economic analysis, applied economics and statistical techniques. The flexible structure coupled with the wide range of optional modules across all years allows you to tailor your studies as your interests evolve. You have the option to complete the course in three years, add a placement year or spend a year abroad. Year 1 provides a foundation in domestic and international economics. In subsequent years you will further develop your understanding of core areas such as macroeconomics, microeconomics and data analysis. The degree culminates in a final-year dissertation on an area of economics of your choice. The dissertation draws on skills developed throughout the course and is worth one-third of your final-year marks. Course structureYear 1 modulesCore modules:Principles of Economics provides a sound foundation for modules in micro- and macroeconomics. You will cover areas including methodology of economics, supply and demand, consumer spending choices, competition and growth theories.Economic Methods familiarises you with the use of mathematical and statistical tools in solving economic problems. You will look at equations, matrix algebra, calculus, statistics, distribution, confidence intervals and hypothesis testing.The World Economy provides knowledge and understanding of the features of different types of economy, and of world trade and the international financial system. You will learn about international trade theory, economic growth and cover some of the key concepts relating to developments and crises in the world economy using real-world case studies.Optional modules:In recent years, optional modules have included: The Economics of SustainabilityIntroduction to the History of Economic ThoughtMastering Data and ComputationFoundations of Finance.Year 2 modulesCore modules:Macroeconomics uses real-world examples to analyse the general equilibrium of an economy both in the short term, with a static model, and in the medium to long term, with a dynamic model.Microeconomics develops your knowledge and understanding of the essential components of microeconomics, with a particular focus on the analytical skills relevant to consumer and production theories, general equilibrium and welfare.Econometrics equips you with the skills to understand the type of empirical analysis used in economic literature. You will also write a report based on econometric analysis.Optional modules:In recent years, optional modules have included: Behavioural and Experimental EconomicsIntermediate Methods for EconomicsMicroeconomic Applications and PolicyMacroeconomic Applications and PolicyCorporate Finance.Year 3 modulesCore modules:Dissertation is a detailed and critical examination of a relevant area of economics.