About This Course
Economics provides us with different ways of thinking about the world and how it functions. It helps us to understand how individuals, businesses and governments do behave; and gives us insights into how they should behave. At one extreme, economics informs the decisions that governments make about some of the most pressing issues of our day, including climate change and inequality. It informs how businesses make decisions about everything from pricing and advertising to investments in product development and corporate strategy. At the other extreme, it can help us as individuals to make better decisions about our own lives; including how hard we should work and how much we should save for our retirements.
At Bangor Business School, we have a team of highly qualified and experienced academics with interests in a wide variety of economic topics including labour markets, political economy, health economics, quantitative economics, regional development, migration and public finance. Our team is engaged in world class research in economics, and regularly works with policymakers in government, regulators and think-tanks. They are dedicated to bringing their insights from the world of policy and research to help you to develop your knowledge and understanding as a developing economist.
This single-honours programme in Economics will allow you to gain an understanding of the workings of modern economies, whilst developing skills that will be of great value for your future life and career. You will gain insights into the ways that firms compete with each other, the behaviours of individuals as consumers and workers, and how governments attempt to manage and regulate these processes. Moreover, you will learn how these factors shape society at large by influencing economic growth, inequality, sustainability and the response to natural and man-made crises. You will build skills in modelling, data and analytical thinking – all highly prized in today’s job market.
Why choose Bangor University for this course?
- 2nd in the UK and Top in Wales for overall student satisfaction within the subject area of Economics (NSS 2021).
- You will be taught by research active staff, with interests in a wide variety of economic topics, including labour markets, political economy, quantitative economics, migration and public finance.
- You can combine your study of economics with options from within the Business School (such as management, banking or accountancy) or elsewhere in the University (such as language study).
Additional Course Options
This course is available with a Placement Year option where you will study for 1 additional year. The Placement Year is undertaken at the end of the second year and students are away for the whole of the academic year.
The Placement Year provides you with a fantastic opportunity to broaden your horizons and develop valuable skills and contacts through working with a self-sourced organisation relevant to your degree subject. The minimum period in placement (at one or more locations) is seven calendar months; more usually you would spend 10-12 months with a placement provider. You would normally start sometime in the period June to September of your second year and finish between June and September the following year. Placements can be UK-based or overseas and you will work with staff to plan and finalise the placement arrangements.
You will be expected to find and arrange a suitable placement to complement your degree and will be fully supported throughout by a dedicated member of staff at your academic School and the University’s Skills and Employability Services.
You will have the opportunity to fully consider this option when you have started your course at Bangor and can make an application for a transfer onto this pathway at the appropriate time. Read more about the work experience opportunities that may be available to you or, if you have any questions, please get in touch.
This course is available with an International Experience Year option where you will study or work abroad for 1 additional year. You will have ‘with International Experience’ added to your degree title on graduating.
Studying abroad is a great opportunity to see a different way of life, learn about new cultures and broaden your horizons. With international experience of this kind, you’ll really improve your career prospects. There are a wide variety of destinations and partner universities to choose from. If you plan to study in a country where English is not spoken natively, there may be language courses available for you at Bangor and in your host university to improve your language skills.
You will have the opportunity to fully consider this option at any time during your degree at Bangor and make your application. If you have any questions in the meantime, please get in touch.
Read more about the International Experience Year programme and see the studying or working abroad options on the Student Exchanges section of our website.
From the first day of your degree course, you will begin to learn the skills to develop as an economist. You will have access to excellent facilities, resources, and extensive information technology to support your learning journey.
Teaching is delivered through a combination of lectures, workshops and seminars. You can expect to have a minimum of 12 hours contact time during each teaching week. You will also be expected to undertake independent study and group work, and participate in online activities and discussions using our virtual learning environment.
In your first year, you will learn the fundamental principles of economic theory as well as developing an overview of the different schools of thought. At the same time, you will gain an understanding of the history of economic development across the globe. You will also start to build up your analytical and quantitative skills.
During your second year, you will build a deeper understanding of microeconomics – how individuals and firms interact with each other in markets – and macroeconomics – the behaviour of the economy as a whole. You will develop your quantitative skills to be able to analyse the relationship between different economic variables within formal models. There will be scope in your second year for you to study more specialised areas of economics.
In your third year, you will develop your knowledge, skills and expertise to a more advanced level. You will learn more sophisticated econometric techniques and how to apply them to real-world economic problems using specialist software. You will also develop your understanding of economic theory in areas including strategic competition and global economic development, and you will learn to apply this theory to explore contemporary economic issues.
As well as your specialism in economics, there will be opportunities in each of your three years to study some optional modules from subject areas elsewhere in the University including, for example, modern languages or social policy. However, if you prefer to focus on economics, then there will be options for you to study more specialised topics such as public economics, international trade, labour economics or financial economics.
What will you study on this course?
Year 1 Compulsory Modules:
Economics (Autumn & Spring)
These modules will provide an overview of the history of global economic development as well as considering important contemporary issues such as inequality and sustainability of economic growth. They will introduce the key tools and models that economists use. The autumn module will focus on microeconomics – how individuals make choices and how they interact in markets. The spring module will focus on macroeconomics – the behaviour of the economy as a whole.
This module will focus on manipulation of algebraic expressions, collection and presentation of data, producing descriptive statistics, measuring uncertainty using probability, estimating confidence intervals, hypothesis testing and investigating association and causality.
Financial Techniques & Analysis
This module covers quantitative techniques that are applicable in a wide variety of Financial and Economic contexts.
Year 2 Compulsory Modules:
The module will cover the fundamentals of probability theory and of statistical methods. It will introduce the method of ordinary least squares (OLS) used in estimating the quantitative relationship between economic variables, in the context of cross-sectional data. There will be instruction on data management and the use of the statistical and regression tools within Excel.
This module will extend students’ analytical skills in relation to consumer and producer theories and introduce students to general equilibrium analysis and game theory. The module content includes Demand and supply microfoundations, Rational choice, Individual and market demand, the cost of production and profit maximisation, Market structures, Game Theory, Public Goods and Externalities
This module will focus on the role of macroeconomics, macroeconomic variables and statistics. The module will also introduce schools of thought and explore the classical and Keynesian models. Moreover, it will focus on aggregate demand and supply analysis, the Phillips curve and the role of expectations.
Year 3 Compulsory Modules
The focus of this module is on analysing the behaviour of real world economies in the light of macroeconomic theory, with specific focus on monetary policy and development. Topics covered will include growth, business cycles, monetary policy, fiscal policy, and development; stressing the role that each of these elements plays in determining the performance of the global economy.
Competition and Strategy
This module will focus on understanding the strategies that firms use to compete against each other in the marketplace. The module will consider how firms decide whether to enter markets; how they differentiate their products from those that their rivals over, including through innovation and advertising; and the strategies that they might follow in pricing their products.
This module will extend the students' understanding of econometrics. Techniques for dealing with various forms of data will be studied; including those applicable to panel data, binary data, data arising from experiments and time series data. Diagnostic testing will be covered, as well as strategies for dealing with problems such as heteroskedasticity, multicollinearity, autocorrelation, measurement error, simultaneity bias and endogeneity.
The module is divided in lectures and practical econometric workshops. Economic theory lectures will cover topics such as education, unemployment and wages, market failure and externalities, economic growth and monetary policy (they may be subject to change depending upon real-world events). In practical econometric workshops, students will learn how to organise and manipulate data, software programming, sourcing and data visualization.
Course content is for guidance purposes only and may be subject to change.
General University Facilities
Library and Archive Services
Our four libraries provide a range of attractive study environments including collaborative work areas, meeting rooms and silent study spaces.
We have an extensive collection of books and journals and many of the journals are available online in full-text format.
We house one of the largest university-based archives not only in Wales, but also the UK. Allied to the Archives is the Special Collections of rare printed books.
There is a range of learning resources available, supported by experienced staff, to help you in your studies.
The University’s IT Services provides computing, media and reprographics facilities and services including:
- Over 1,150 computers for students, with some PC rooms open 24 hours a day
- Blackboard, a commercial Virtual Learning Environment, that makes learning materials available on-line.
General University Costs
Home (UK) students
- The cost of a full-time undergraduate course is £9,000 per year (2021/22 entry and 2022/23 entry).
- The fee for all placement, international, and sandwich years is £1,350 (2021/22 and 2022/23).
- More information on fees and finance for Home (UK) students.
International (including EU) students
There are also some common additional costs that are likely to arise for students on all courses, for example:
- If you choose to study abroad or take the International Experience Year as part of your course.
- If you attend your Graduation Ceremony, there will be a cost for gown hire (£25-£75) and cost for additional guest tickets (c.£12 each).
Course-specific additional costs
Depending on the course you are studying, there may be additional course-specific costs that you will be required to meet. These fall into three categories:
- Mandatory Costs: these are related to a particular core or compulsory module that you’ll be required to complete to achieve your qualification e.g. compulsory field trips, uniforms for students on placement, DBS Check.
- Necessarily Incurred Costs: these may not be experienced by all students, and will vary depending on the course e.g. professional body membership, travel to placements, specialist software, personal safety equipment.
- Optional Costs: these depend on your choice of modules or activity and they are shown to give you an indication of the optional costs that may arise to make sure your choice is as informed as possible. These can include graduation events for your course, optional field trips, Welcome Week trips.
GCSE Maths at grade C/4 required if not demonstrated by the Level 3 qualification.
Offers are tariff based, 96 - 128 tariff points, from Level 3 qualifications* e.g.:
- A Levels: General Studies and Key Skills not normally accepted
- BTEC National Extended Diploma: MMM - DDM
- Cambridge Technical Extended Diploma: MMM - DDM
- International Baccalaureate Diploma
- Access: Pass
- City & Guilds Advanced Technical Extended Diploma (1080): considered on a case-by-case basis
- Welsh Baccalaureate is accepted
- T-levels: considered on a case-by-case basis
- EPQ: Points can include a relevant Extended Project (EPQ) but must include a minimum 2 full A-levels. Please contact us for more information.
International Candidates: school leaving qualifications that are equivalent to A levels/Level 3 and/or college diplomas are accepted from countries worldwide (subject to minimum English Language requirements). More information here.
We also welcome applications from mature learners. Mature applicants and/or those with other qualifications are considered on individual merit.
*For full details go to our website and for a full list of accepted Level 3 qualifications, go to www.ucas.com.
General University Requirements
To study for a degree, you’ll be asked for a minimum of UCAS Tariff points. For a fuller explanation of the UCAS Tariff Points, please see www.ucas.com.
We accept students with a wide range of qualifications and backgrounds and consider each application individually.
All students need to have good basic skills and the University also values IT and communication skills.
As part of the University’s policy, we consider applications from prospective disabled students on the same grounds as all other students.
We also consider applications from mature students who can demonstrate the motivation and commitment to study a university programme. Each year we enrol a significant number of mature students. For more information about studying as a mature student, see our Studying at Bangor section of the website.
EU and International Students' Entry Requirements
For detailed guidance on the entry requirements for EU and International Students, including the minimum English Language entry requirement, please visit the Entry Requirements by Country pages. International applicants can also visit the International Education Centre section of our website for further details.
Bangor University offers International Incorporated Bachelor Degrees for International students whose High School qualification is not equivalent to the UK school leaving qualification. The first year (or Year 0) is studied at Bangor University International College, an embedded College on our University campus and delivered by Oxford International Education Group.
Economics is not a vocational subject – it doesn’t lead to one specific career path. However, despite that, it is widely recognised as one of the subject areas with the best prospects for future employability. This is because economics provides students with useful skills and knowledge, including:
- analytical skills – the ability to distil and analyse complex problems;
- market insights (understanding how markets work and the importance of incentives;
- the ability to work with data and using it to generate real-world insights.
These are all highly prised in the jobs’ market and mean that salaries for economics graduates are among the highest of any discipline. You can see the evidence here.
Economics graduates go on to work in a variety of careers, including the civil service, financial services, industry, education and the third sector.
Opportunities at Bangor
The University’s Skills and Employability Service provides a wide range of resources to help you achieve your graduate ambitions.
The Bangor Employability Award (BEA)
The BEA is a comprehensive online course that you can work through at your own pace, taking you through all the steps you need to take to explore, prepare and apply for your dream career.
Bangor University runs a paid internship scheme within the university’s academic and service departments.
Volunteering widens your experience and improves your employability. Find out more about volunteering on the Students’ Union’s website.