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Home > Courses > Courses for 2017 > Undergraduate > Economics with Political Studies
More in this section Economics

Economics with Political Studies BSc (Econ)

UCAS code L1L2
Year of entry 2017
View 2018 entry »
Course Length
3 years full time
Department Economics »
Politics and International Relations »

 

Studying Economics with Political Studies at Royal Holloway means that you will learn from internationally renowned experts at one of the UK’s top ten teaching and research centres. Economics is one of the most influential and liveliest disciplines in today's world, affecting the lives and fortunes of everyone on the planet. This course offers a complete education in the theories and methods of economics, with a strong focus on analytical methods and a quarter of your time will be spent on political studies.  The knowledge and transferable skills gained will lead to excellent career prospects in public and private management, financial institutions and in government.

Through your studies you will develop an in-depth understanding of economics at all levels – from the company to the state, and beyond. You will learn to appreciate and apply the core theories of micro and macroeconomics; gain important quantitative and computing skills that are widely applicable as well as skills in logical reasoning and gain experience in logical and philosophical reasoning. You will also gain a grounding in politics by analysing and criticising classic and contemporary texts and exploring political ideas and processes in countries throughout the world and the global system.

Our balanced approach to research and teaching guarantees high quality teaching from subject leaders, cutting edge materials and intellectually challenging debates. Our courses follow a coherent and developmental structure which we combined with an effective and flexible approach to study.

  • Excellent career prospects; economics has an impressive employment record and graduates’ starting salaries are amongst the highest in the country.
  • Flexibility to specialise in areas, including: financial crises, economics of life, economics history as well both traditional areas of political science – including institutional politics within states – and new areas of inquiry – such as the role of new media in politics.
  • Quality research and teaching;one of only two economics departments in the country placed in the top ten for both research and student satisfaction and our Politics & International Relations department is 10th in the UK for research intensity and has over 91% overall student satisfaction (Research Assessment Exercise, 2014 and National Student Survey 2015).

Core modules

Year 1

Economics: Principles of Economics

You will gain an understanding of the basic theories of microeconomics (the behaviour of individuals and firms) and macroeconomics (the behaviour of the economy as a whole and relations). In macroeconomics you will learn about circular flow; the goods market; money, bonds, income, and interest; fiscal policy; monetary policy; aggregate demand and supply; the Phillips curve; and long term growth. Discussions will take place on the current financial / debt crisis and the inflation-unemployment trade-off. In microeconomics you will learn about supply and demand; elasticity; theories of the consumer and the firm; and market structures. 

Economics: Quantitative Methods of Economics 1

In this module you will become familiar with the basic mathematical, quantitative, computing and statistical tools for the study of Economics.

Economics: Post-Crisis Economics

This module covers economic institutions, economic history, post-crisis economics, and experimental and behavioural economics. You will be provided with an overview of each of these topics based on economic theory, followed by applications and relevant supporting data. You will discuss the topics and learn how to write an essay, how to present, how to collect economic data, how to find relevant economic research, and how to think like an economist.

Year 2

Economics: Microeconomics

This module covers microeconomic analysis and policy. You will be introduced to analytical tools for studying the behaviour of individuals and firms across a range of economic settings. Topics include optimisation of consumer and firm problems; strategic interactions between firms in different non-competitive environments; choice under uncertainty; intertemporal decisions; and general equilibrium theory. For each topic, real world applications will show how models are used to examine complex issues, make predictions and prescribe policy. You will also study the features of economies that give rise to desirable market outcomes under different welfare criteria in conjunction with situations that result in market failures.

Economics: Macroeconomics

This module covers macroeconomic theory and policy. You will develop an understanding of macroeconomics at the intermediate level, considering the determinants of aggregate variables such as unemployment, investment, consumption, interest rates, inflation, exchange rates and the balance of trade (net exports). Topics include the goods and financial markets and the Hicks-Hansen (IS-LM) model in the short run; aggregate supply, the labour market and the Aggregate Demand – Aggregate Supply (AD-AS) model in the medium run; the Phillips curve, disinflation and Okun’s law; Economic growth and the Solow model; consumption and investment theory and the role of expectations in the IS-LM model; open economy, exchange rate regimes and Mundell-Fleming model; hyperinflation, financial crises and the euro zone; and fiscal policy, monetary policy, and the practice of policy making.

Economics: Quantitative Methods of Economics 2

The first half of this module is dedicated to the mathematical theory of optimisation, where you will study linear algebra and the theory of concave functions. The second half is intended to provide you with a solid understanding of the essentials of empirical research techniques (econometrics) used by applied economists.

Year 3

All modules are optional

Optional modules

In addition to these mandatory course units there are a number of optional course units available during your degree studies. The following is a selection of optional course units that are likely to be available. Please note that although the College will keep changes to a minimum, new units may be offered or existing units may be withdrawn, for example, in response to a change in staff. Applicants will be informed if any significant changes need to be made.

Year 1

Only core modules are taken

Year 2

European Studies: European Union - Politics and Theory

Politics and International Relations: Comparative Foreign Policy

Politics and International Relations: International Relations Theory

Politics and International Relations: Democracy in Britain

Politics and International Relations: Contemporary Political Theory

Politics and International Relations: International Political Economy

Politics and International Relations: Politics of Migration

Politics and International Relations: Empire and Decolonisation

Politics and International Relations: Political Behaviour

Politics and International Relations: War and Security in World Politics

Politics and International Relations: Modern Political Thought

Politics and International Relations: Cold War International Relations

Politics and International Relations: The Politics of Human Rights

Politics and International Relations: Introduction to Political Communication

Year 3 

Economics: Industrial Economics

Economics: Financial Economics

Economics: Understanding Financial Crises

Economics: Environmental Economics

Economics: Economics of Warfare

Economics: Experimental Economics

Economics: Monetary Economics

Economics: Topics in Game Theory

Economics: Econometrics

Economics: Financial Econometrics

Economics: Labour Economics

Economics: Philosophy of Economics

Economics: Public Economics

Economics: Topics in Economics History

Economics: Topics in Development Economics

Economics: Advanced Topics in Game Theory

Economics: Economics of Inequality

Politics and International Relations: Political Sociology

Politics and International Relations: India and Pakistan

Politics and International Relations: Politics of the Internet

Politics and International Relations: The Politics of Modern Germany

Politics and International Relations: Radical Political Theory

Politics and International Relations: Nietzsche and Foucault

Politics and International Relations: The British in India

Politics and International Relations: The Politics of Toleration

Politics and International Relations: Social Justice - Theory to Practice

Politics and International Relations: Great Powers and Debates

Politics and International Relations: Contemporary Middle East Politics

Politics and International Relations: Comparative Democracry and Elections

Politics and International Relations: US Foreign Policy

Politics and International Relations: Issues in Democratic Theory

Politics and International Relations: Thinking Green - Global Governance

Politics and International Relations: Young People's Politics

Politics and International Relations: Making of Modern South Asia

Politics and International Relations: The Politics of Africa

Politics and International Relations: Thinking Security - The Theory

Politics and International Relations: War and its Aftermath

Politics and International Relations: Chinese Foreign and Security Policy

Politics and International Relations: Visual Politics

Politics and International Relations: Undergraduate Dissertation

Teaching is mostly by means of lectures and seminars, the latter providing a forum for students to work through problem sets and applications in a smaller and more interactive setting. Outside of scheduled teaching sessions, students work independently, or collaboratively, researching, reading and preparing for seminars. 

Assessment is usually carried out by end of year examinations as well as class tests and assignments. Final year students can choose to complete an extended essay, which offers students the chance to conduct an original piece of research.

The results of the first year examinations qualify students for entry to the second year but do not contribute to the final degree award. The second and final year results do contribute to the final degree result, with the final year work counting for a larger proportion of the result.

Typical offers

Typical offers
A-levels ABB
Required/preferred subjects Required: A-level Maths, or Maths GCSE grade A if Maths not taken to A-level.
At least five GCSE passes at grades A* to C, including English.
Other UK Qualifications
International Baccalaureate 6,5,5 at Higher Level subjects including Maths with 32 points overall. 5 in Standard Level Maths or 6 in Standard Level Maths Methods is acceptable if Maths not taken to Higher Level
BTEC Extended Diploma Distinction, Distinction, Distinction in a relevant subject plus grade A in GCSE Maths
BTEC National Extended Diploma Distinction, Distinction in a relevant subject plus an A-Level grade B, and grade A in GCSE Maths
BTEC National Extended Certificate Distinction in a relevant subject plus A-Level grades BB and grade A in GCSE Maths
Welsh Baccalaureate Requirements are as for A-levels where one non-subject-specified A-level can be replaced by the same grade in the Welsh Baccalaureate Advanced Level Core.
Scottish Advanced Highers AB plus Highers at published level
Scottish Highers AABBB including Maths plus Advanced Highers at the published level
Irish Leaving Certificate H2,H2,H3,H3,H3 including Maths
Access to Higher Education Diploma Pass with at least 30 level 3 credits at Distinction and 15 level 3 credits at Merit in a relevant subject, PLUS GCSE Maths grade A.

Other UK qualifications

Please select your UK qualification from the drop-down list below



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International and EU entry requirements

Please select your country from the drop-down list below

English language
requirements

IELTS 6.5 overall with 6.0 in both Reading and Writing and no lower than 5.5 in every other subscore. For equivalencies please see here.

For more information about entry requirements for your country please visit our International pages. For international students who do not meet the direct entry requirements, we offer an International Foundation Year, run by Study Group at the Royal Holloway International Study Centre. Upon successful completion, students can progress on to selected undergraduate degree programmes at Royal Holloway, University of London.

An Economics with Political Studies degree at Royal Holloway will equip you with an enviable range of practical skills and can lead into a variety of career paths.  The knowledge and skills developed in an economics degree will make you highly employable.

We will help students to recognise their own strengths, skills and abilities so that they can make strong applications for their chosen job or further study.

  • Our graduates are highly employable; 93% of Politics graduates and 85% of Economics graduates achieved either full time employment or further study within six months of graduation (Unistats 2015). 
  • In recent years, graduates have launched careers with a wide-range of organisations and government departments, in roles including financial analyst, finance broker, government economist and chartered accountant as well as management, journalism, broadcasting, computing, higher education, teaching, and politics.

Our outstanding record of success for work and further study puts Royal Holloway in the top 10 for graduate career prospects (Complete University Guide, 2015). It goes to show that our degree programmes not only promote academic achievement but also the means to hone the life-skills necessary to excel, post-graduation.

Including politics into your studies at Royal Holloway provides you with a wide range of important transferable skills, enabling you to approach problems in a rigorous, analytical and critical way and to communicate clearly and concisely in both speech and writing. Our graduates leave us with skills and knowledge that not only makes them attractive to employers in a broad spectrum of careers, but prepares them for further advanced study and research.

Many of our graduates also go on to further study, entering postgraduate programmes both at Royal Holloway and at other prestigious institutions around the world. In fact, six-months after graduation, 90% of our most recent graduates are enhancing their skills with further study or forging careers in companies and institutions such as:

  • Bloomberg
  • The Church of England
  • Citigroup
  • The Commonwealth Human Rights Initiative
  • The Conservative Party
  • Ernst & Young
  • The European Commission
  • Global Capital
  • HM Treasury
  • The Henry Jackson Society
  • House of Commons
  • Ipsos MORI
  • The Labour Party
  • KAYAK
  • NATO Headquarters
  • Oxford Business Group
  • Proctor & Gamble
  • Quadrangle
  • Save the Children

Home and EU students tuition fee per year 2017/18*: £9,250

International students tuition fee per year 2017/18**: £15,600

Other essential costs***: There are no single associated costs greater than £50 per item on this course

How do I pay for it? Find out more.

*Tuition fees for UK and EU nationals starting a degree in the academic year 2017/18 will be £9,250 for that year. This amount is subject to the UK Parliament approving a change to fee and loan regulations that has been proposed by the UK Government. In the future, should the proposed changes to fee and loan regulations allow it, Royal Holloway reserves the right to increase tuition fees for UK and EU nationals annually. If relevant UK legislation continues to permit it, Royal Holloway will maintain parity between the tuition fees charged to UK and EU students for the duration of their degree studies.

**Royal Holloway reserves the right to increase tuition fees for international fee paying students annually. Tuition fees are unlikely to rise more than 5 per cent each year. For further information on tuition fees please see Royal Holloway’s Terms & Conditions.

***These estimated costs relate to studying this particular degree programme at Royal Holloway. Costs, such as accommodation, food, books and other learning materials and printing etc., have not been included.

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