Economics

Principles of Macroeconomics

This module will introduce you to key macroeconomic variables, such as growth, inflation, unemployment and trade, and to theoretical perspectives on their determination applying models in a national and international context. It provides the building blocks for further critical analysis later in the course.

Principles of Microeconomics

This module will provide you with a comprehensive introduction to microeconomic theory and enable you to analyse markets, institutions and policy. In doing so, you will learn to understand the interconnectedness of economic participants, such as consumers and producers.

Quantitative Methods for Economists

An ability to understand and analyse quantitative data is an important part of an economist’s toolkit. This module will develop your numeracy, enabling you to explore, describe and utilise data in economic and business analysis.

Economics for Business, Finance and International Development

Learn how to apply economic principles to the analysis of business, finance and international development issues. You will develop an understanding of the link between economics, finance, business and international development.

Economic Policy in Context

Provides an historical background to the process of economic development and introduces influential economic scholars and schools of thought. You will reflect on the parallels between contemporary economic issues and debates with those of the past.

Personal and Academic Development

Helps you recognise the personal skills, behaviours and attributes you currently have, and supports you in formulating a continuous personal and professional development plan to develop the skills and knowledge you need to achieve your future ambitions and realise your full potential.

First half of Year Two – Core modules

Intermediate Macroeconomics

This module looks to develop students understanding of macroeconomic theory. It will provide students with the necessary conceptual foundations to appraise alternative perspectives on key controversies in macroeconomics. In looking consistently to draw potential policy implications its focus will be on both the short- term dynamics of economies frequently buffeted by economic shocks and the longer-term drivers and influences on economic growth and development.

Intermediate Microeconomics

This module aims to deepen and widen students understanding of microeconomics by building upon the foundations students acquired from the Principles of Microeconomics module. This module will explore the complex interconnectedness of individual decisions, which arise because of rival demands on globally scarce resources. Additionally, this module will introduce students to some of the controversies associated with alternative theoretical approaches.

PLUS ONE OPTIONAL MODULE FROM:

Econometrics

This module will develop further the tools and techniques that enhance your ability to use quantitative data to evaluate economic and business decisions. It will help you to build and test models of economic phenomena and introduce you to forecasting and hypothesis testing.

Survey Research and Analysis for Business

This module draws on conceptual material in the area of Survey Methods widely used in business and the application of analytic methods to the data generated. One of the primary focuses of this module is to help you understand how to plan and conduct surveys but also interpret the results within the appropriate business context. With the aid of appropriate professional statistical software you will be encouraged to apply statistical methods of analysis to data. The module is designed to allow you the opportunity to analyse and interpret “real data” from various areas of the business world. In studying this module you will develop your knowledge and skills in conducting survey research within business.

You will be given the opportunity to plan and execute a survey; design and implement a survey instrument; analyse survey results using applications software; and interpret and communicate analytical findings.

Second half of Year Two

You can either select one of our Unique Opportunities Initiatives or continue with your taught modules listed below:

Core modules

Employment and Enterprise

Following on from the Personal Development module in Year One, you will build and further reflect on your personal and professional skills, attributes and behaviours. You will have the opportunity to participate in part-time work, volunteering, consultancy work, business competitions and challenges, and develop a range of skills to enhance your employability.

Environmental and Resource Economics

This module will give you the opportunity to apply economic analysis to issues related to the use of the environment and natural resources. Indicative topic areas include:

• introduction to environmental economics and sustainability
• economic characteristics of the environment and natural resources- their public good characteristics and the role of externalities
• pollution control regimes: command and control regulation, taxation and tradeable permit schemes
• models of natural resource management, development and use
• economics of energy markets
• economics of climate change and the role of institutions and international environmental agreements.

Economic Evaluation

This module provides a broad treatment of micro and macroeconomic policy issues that affect contemporary society. The module will use the toolkit of the economist to analyse contemporary economic issues.

Placement year

A vital component of our degree courses is the placement year. This time spent working in business provides our students with crucial work experience, which is highly prized and much sought after by employers upon graduation. We have links with a wide range of sectors, firms and organisations that offer student placements. If you have decided to undertake a placement year then this will last for a minimum of 48 weeks during your third year.

Our Employability Team is here to inspire and enhance every stage of your career planning and as a graduate of NTU, you will be able to access their services for three years after your course has finished.

Services they provide include:

• finding placements, internships and part-time work
• pursuing self-employment
• taking gap years and time out
• getting into volunteering
• providing advice on further study.

Or

Taught modules

If you have decided to continue with your studies please view the 'final year' tab for your list of modules.

Developing Professional Impact

This module is designed to expand your horizons and challenge your attitudes and behaviours both in relation to subject specific issues and wider business concerns such as global citizenship and sustainable business practices. It will encourage you to build on your strengths and explore a range of possibilities as you embark on your next steps.

Choice and Welfare

The module builds on the microeconomic theory developed previously on the course to provide a critical analysis of economic theories, concepts and techniques of relevance to individual, government, business and managerial decision-making. In doing so, students will apply economic ideas to analyse a range of issues of concern to individuals, policy makers and businesses in a contemporary setting.

Macroeconomics Issues and Policy

The module extends and uses economic theory already encountered on the degree to analyse macroeconomic issues facing policy-makers in the modern economy. By applying economic concepts and theories to macroeconomic problems, the module aims to deepen understanding of macroeconomic debates about policy.

The World Economy

This module critically applies relevant economic theories to develop your understanding of the European Union as a trading bloc. It will help you to evaluate the place of the EU within the global economy and to review critically a range of EU policies and the impacts they have on EU member states, including monetary integration.

Plus one optional module from:

Research Project

This module will see you undertake an individual in-depth study of a topic related to economics. During the project you will develop your skills to independently manage a major piece of work. The work will be written in the style of an academic article giving you the chance to practice writing for an academic audience.

Sustainability in Enterprise Project

This module is designed to give you a deeper understanding of sustainability issues affecting firms. It incorporates a live consultancy experience, where you are required to apply your knowledge to critically review aspects of enterprise practice and infrastructure and recommend ways to reduce carbon emissions. You will learn how to critically review sustainability issues presented by an enterprise and analyse evidence, arguments, concepts and data to formulate sustainability and carbon management recommendations for an enterprise.

Plus one optional module from:

Contemporary Economic Perspectives

This module will provide you with a critical perspective on the methods and analysis of economists. You will compare the different interpretations of contemporary economic issues and events and the lessons that can be drawn. The module adopts a pluralistic approach enabling a critique of mainstream economic thinking.

Investment Portfolio Management

This module examines appropriate Investment and Portfolio Management theory. You will have the opportunity to put this theory into practice principally via the construction and running of a portfolio of equities.

Econometric Theory

This module build on the econometrics from earlier in the course to develop your ability to use appropriate statistical methods to test economic and financial theories to aid the evaluation of government, business and investments policies and strategies.