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www.essex.ac.uk/economics | Economics
you spend time shadowing permanent professionals) are ideal ways of fostering employability skills. They have become very popular, especially in large financial companies and non-governmental organisations. In this way you can obtain valuable experience without losing the momentum of your studies that a whole year’s secondment from studies would entail. Also, summer internships enable you to join informal networks of contacts that often provide natural entry points into full-time employment following graduation.
How are the courses structured?
Our courses are constructed as ‘bundles’ of modules that are the taught components in the curriculum. Each course is carefully formed to provide a coherent programme of study progressing from the introductory level in the first year to relevant advanced subjects in the final year. For most courses you have the choice of whether to study for a BSc or BA: the difference is that for the BSc, students are required to enrol for Mathematical Methods in Economics and Introduction to Econometric Methods in the second year. These modules are optional in the BA courses.
BA/BSc Economics This popular course offers you the flexibility to concentrate on subjects you find most interesting. Core economic theory and quantitative methods modules are the focus in the first year, thus equipping you with the skills needed in the optional applications taken in the latter years of the course.
BA/BSc Management Economics This course builds on our expertise in the economics of management decisions and in the strategic interactions among firms. Unlike conventional courses in management, the course focuses on how economic ideas are applied to understanding how organisations work. To achieve this, you will first learn the fundamental principles of economics with quantitative methods – needed by every student of economics. You will then apply these tools to study the management of new technologies, management of organisations, strategic competition among firms, monopoly power and government regulatory policies.
BA/BSc International Economics If you choose this course, you will gain a thorough grasp of the international aspects of economic activity at the same time as reaching the same high standard in economic theory and quantitative methods needed for all economics courses. In your second and final years, you will study international organisations and the policies they follow, together with the determinants of world trade patterns and international monetary relations. You will also have the option to explore the economics of developing countries and economic integration in the European Union.
BA/BSc Financial Economics This course focuses on how financial systems work and how these systems interact with other sectors of the economy. As for all economics courses, you will begin by learning the economic theory and quantitative methods needed in every economics course. You will then apply your skills – particularly in quantitative methods – to study patterns in asset prices, including markets in bonds and modern derivatives (futures and options). You will also learn about capital market institutions and the operation of monetary policies.
BA Economics with French/German/ Italian/Portuguese/Spanish These five separate courses each allow you to study the chosen language alongside economics in each of the three years of the course. They are otherwise identical to BA Economics. If you choose one of these courses, you will graduate with a thorough knowledge of your chosen language, as well as economics – a package of skills particularly relevant in the modern global economy.
International exchange courses Corresponding to each of the main economics courses is a four-year variant (see page 105) in which the third year is spent studying abroad at one of the University’s partner institutions. Apart from the year abroad, our international exchange courses are identical to our corresponding BA/BSc courses. They offer the opportunity to experience a different educational culture and thus to acquire deeper insights into a range of economic issues. Among the most popular destinations for the year abroad
are other members of the EU, the USA and Canada. Note that if you will study abroad in a language other than English, it is necessary for you to have a background in the relevant language before joining Essex, so that you can reach the level needed before you begin your studies abroad.
BSc Economics with Mathematics If you join this course, you will learn not only all the economic theory needed for an economics programme, but also mathematical methods to an advanced level. Instead of studying quantitative methods in economics, you will study similar topics from the perspective of mathematical sciences. You will also have the opportunity to study advanced economics options in your final year. Students who obtain BSc Economics with Mathematics will thus be well placed to pursue all the careers open to economics graduates, with the added advantage of more highly developed skills in mathematics and statistics.
The main difference between BSc Economics with Mathematics and BSc Economics and Mathematics is that the former enables you to take relatively more economics modules than the latter.
BA History and Economics This three-year course will provide you with an academic education in history and training in the principles of economics. You will examine historical events and changes in cross-national, thematic, and comparative perspective, with an understanding of their economic contexts.
How will I be assessed? Assessment in each year is by coursework (assignments, essays and tests) and end-of-year examinations. While all your marks appear on your transcript, only those beyond the first year count towards your final degree class. For many of the second- and final-year modules, coursework takes the form of a term paper – an extended essay that enables you to research a subject in-depth. The final-year research project is equivalent to a full-year module (ie a quarter of the year’s assessment).
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