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Economics with Italian BSc (Econ)

Please note that information shown below may be subject to change.

UCAS code
L1R3
Year of entry
2018
View 2019 entry »
Course length
3 years full time
Department
Economics »
Modern Languages, Literatures and Cultures »

Studying Economics with Italian at Royal Holloway means that you will learn from internationally renowned experts at one of the UK’s top ten economics teaching and research centres and spend a quarter of your time studying Italian with leading experts. Economics is one of the most influential and liveliest disciplines in today's world, affecting the lives and fortunes of everyone on the planet. The knowledge and transferable skills gained, coupled with proficient Italian language skills, will lead to excellent career prospects in public and private management, financial institutions and in government.

Through this course 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. Your added focus on Italian means you will develop advanced technical proficiency in reading, writing, speaking and listening.

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.
  • Highly rewarding and engaging; Italy has a long and enviable cultural heritage, and the study of Italian opens up a new appreciation of the visual and musical arts, fashion and design, philosophy, literature and politics that have come out of the country.
  • Quality research and teaching;one of only two economics departments in the country placed in the top ten for both research and student satisfaction, we are also in the top ten of UK Modern Languages departments for research quality, and first in London (Research Assessment Exercise, 2014 and National Student Survey 2015).
  • Inspiring close community; a friendly and relaxing environment where everyday interactions with student and staff from different departments and nationalities are a norm - the 8,500 students come from 130 countries.

Core modules

Year 1

The core modules in Economics are:

Principles of Economics

In this module you will develop an understanding of the theories of macroeconomics, that of the economy as a whole, and of microeconomics, the behaviour of individuals, firms and governments. You will look at how the goods and assests markets underpin growth, inflation and unemployment, and the role that fiscal and monetary policy play in macroeconomic managemenet. You will examine the theoretical basis to supply and demand and the role of government intervention in individual markets. You will consider how to solve economic problems by manipulating a variety of simple diagrammatic and algebraic models in macro- and microeconomics, critically evaluating the models and their limitations.

Quanitative Methods of Economics

In this module you will develop an understanding of the basic mathematical, quantitative, computing and statistical tools for the study of economics. You will look at techniques such as algebraic manipulation, functions, simultaneous equations, optimisation, descriptive statistics, probability theory and regressions, and learn how to apply these to economic problems.

Post-Crisis Economics

In this module you will develop an understanding of how economists think about current world problems, such as generational inequality or the 'other' side of Adam Smith. You will look at how economic growth and wealth is created, and how it is influenced by technological change and institutions. You will examine how this wealth is distributed most efficiently, including situations such as who gets a kidney from a donor or which firm gets a licence to offer mobile phone services. You will also considerintergenerational inequality, including how economists think about tuition fees and university funding in general.

You will take on of the following modules in Italian:

Italian: Intensive Italian for Beginners

This is your core Italian language module (beginners’ pathway). It comprises a written and an oral component. There are five hours of seminars per week in which a communicative approach is adopted and the teaching is carried out in Italian whenever possible. Grammar is taught in context in accordance with your specific needs as they arise. In the oral component, you will learn to speak about set topics related to everyday matters by completing set activities including listening comprehension and role play.

Italian: Advanced Italian Langauge 1

This is your core Italian language module in which you will develop your skills in writing, speaking and comprehending the Italian language. There are three hours of seminars per week as well as a grammar lecture taught fortnightly. The lessons are taught using a communicative approach and are conducted in Italian. In all parts of the module there will be a focus on learning in a cultural context, and in addition to formal grammar teaching you will develop your language skills by reading and analysing a variety of texts, articles, films, and recordings. Learning activities will include listening comprehension exercises and role play.

Year 2

The core modules in Economics are:

Microeconomics

In thid module you will develop an understanding of the models of individual optimisation and their applications. You will look at the key determinants of an individual’s behaviour in a variety of circumstances and the behaviour of firms in different market environments, such as perfect competition, monopoly and oligopoly. You will consider how changing circumstances and new information influences the actions of the economic agents concerned, and examine the properties of competitive markets and the need for government intervention to correct market failures.

Macroeconomics

In this module you will develop an understanding of macroeconomics and macroeconomic policy-making. You will look at a variety of contemporary and historical macroeconomic events, and the differences between the short, medium and long run. You will consider why some countries are rich and some are poor, why different economies grow at different rates, and what determines economic growth and prosperity. You will examine the role of monetary and fiscal policy, its impact on the economy and its limitations. You will also analyse how taxation, budget deficits, and public debt affect the economy.

Quantitative Methods in Economics 2

In this module you will develop an understanding and practical experience of the essentials of empirical research techniques used by applied economists. You will learn how to use and distinguish between standard econometric techniques, and carry out formal statistical tests of economic hypotheses. You will manipulate and analyse data sets and conduct your own econometric investigations, both written and using computer software.

You will take on of the following modules in Italian:

Italian: Advanced Italian 2 for Post Beginners

This is your core Italian language module (beginners’ pathway). It comprises a written and an oral component. There are five hours of seminars per week in which a communicative approach is adopted and the teaching is carried out in Italian whenever possible. You will continue to develop your Italian language skills through reading comprehension, commentary writing as well as translation from English into Italian. You will also analyse articles from Italian newspapers and podcasts related to social, cultural and political issues in contemporary Italy, and take part in informal debates during which you will practise expressing your opinions in Italian.

Italian: Advanced Italian Language 2

This is your core Italian language module in which you will continue to develop your skills in writing, speaking and comprehending the Italian language. There are three hours of seminars per week as well as a grammar lecture taught fortnightly. The lessons are taught using a communicative approach and are conducted in Italian. You will practise reading comprehension, commentary writing and translation from English into Italian, and will again analyse articles from Italian newspapers and podcasts related to social, cultural and political issues in contemporary Italy. You will also continue to work intensively on key aspects of grammar.

Year 3

Italian: Advanced Italian Language 3

This is your core Italian language module in which you will continue to develop your skills in writing, speaking and comprehending the Italian language. There are three hours of seminars per week as well as a grammar lecture taught fortnightly. The lessons are taught using a communicative approach and are conducted in Italian. In this module you will practise translation from English into Italian/Italian into English, focusing on a variety of texts types including journalism, fiction and history, as well as learning about theoretical aspects of translation. You will also continue to work intensively on key aspects of grammar.

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

Only core modules are taken

Year 3

Optional modules in Economics include:

Industrial Economics 1

In this module you will develop an understanding of the methods and models applied by economists in the analysis of firms and industries. You will learn how to manipulate these models and analytically solve problems relating to industrial economics. You will consider the applications of the models to important policy areas, exploring topics such as collusion, mergers, product differentiation and asymmetric information. You will also also examine the limitations of the theory.

Industrial Economics 2

In this module you will devlop an understanding of advanced topics in industrial organisation, with a special focus on the role that information plays in markets. You will explore topics such as collusion, mergers, product differentiation, and asymmetric information, and become familiar with a broad range of methods and models applied by economists in the analysis of firms and industries.

Financial Economics 1

In this module you will develop an understanding of the financial market, institutions, participants and traded assets that constitute a modern financial system. You will look at the theories of risk-factor pricing, such as the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT). You will consider the theory of, and empirical evidence on, efficient, markets and examine the process of price formation. You will also analyse the derivation and construction of efficient portfolios.

Financial Economics 2

In this module you will develop an understanding of the wide range of fixed income securities and derivatives available to investors in the financial markets. You will look at the basic institutional features of derivatives markets, as well as the pricing of bonds and of derivative instruments and using them for hedging purposes. You will consider investment and trading strategies that use bonds and derivatives, and evaluate the use of bonds in immunising portfolios based on the bond's duration. You will also explore the features and uses of the most popular types of derivatives available today, including options, futures, forwards, and swaps.

Econometrics 1

In this module you will develop an understanding of the theoretical properties of different econometric estimation and testing procedures under various modelling assumptions. You will learn to formulate, estimate, test and interpret suitable models for the empirical study of economic phenomena. You will consider how to apply regression techniques and evaluate the appropriateness of each econometric estimation method under different data limitations.

Econometrics 2

In this module you will develop an understanding of the theoretical properties of different econometric estimation and testing procedures under various modelling assumptions. You will look at regression techniquies and learn how to apply relevant econometric and statistical methods to your own research. You will also evaluate the appropriateness of each of the economic estimation methods and the impact of consider data limirations.

Understanding Financial Crises

In this module you will develop an understanding of the fragility of the financial system and its relevance to the current financial crisis. You will learn the economic meaning of the terms liquidity and solvency in the context of financial intermediaries. You will look at the models of equilibrium bank runs and consider the implications of imposing capital structure controls and liquidity control on financial intermediaries. You will also critically evaluate the links between financial crises and the macroeconomy.

Environmental Economics

In this module you will develop an understanding of how economic methods can be applied to environmental issues facing society. You will consider the difficulties arising in using economic analysis in environmental policy design and learn how to solve and manipulate a variety of diagrammatic and algebraic models in environmental economics. You will evaluate a number of real world environmental policy problems and see how economic analysis has been applied in their solution.

Experimental Economics

In this module you will develop an understanding of the use of experiments to test economic theories. You will look at how individuals make decisions in markets, how individuals decide to spend money today or save it for future spendng, the assumption of self-regarding preferences commonly made in standard economic models, and the ability to act rationally in a strategic environments. You will consider the issues raised by experimental design and critically evaluate the advantages and disadvantages of experimental methods.

Monetary Economics

In this module you will develop an understanding of the role of money in the economy. You will look at models where inflation show persistence, the theory of monetary policy, monetary policy operating procedures and the central banking machanisms. You will consider why inflation is persistent in the data and how the political forces affecting monetary policy making may affect inflation.

Topics in Game Theory
Advanced Economic Theory
Financial Econometrics
Labour Economics
Economic Philosophy
Topics in Public Economics
International Economic History

In this module you will develop your understanding of important topics from economic history, covering periods of economic growth and wellbeing, agricultural and urban development, globalisation and migration, banking and monetary systems, and the Great Depression and recovery.

Topics in Developmental Economics
Advanced Topics in Game Theory
Economics of Inequality

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

AAB-ABB
How we assess your application: predicted grades lower than our typical offers are considered. Read more about what we look for here

  • Where an applicant is taking the EPQ alongside A-levels, the EPQ will be taken into consideration and result in lower A-level grades being required.

  • Socio-economic factors which may have impacted an applicant's education will be taken into consideration and alternative offers may be made to these applicants.

Required/preferred subjects

Applicants can be either taking Maths, Biology, Chemistry or Physics at A-level, or have a GCSE Maths grade A or 7 to meet the Maths requirement for this programme.

An essay-based A-level is also required.

At least five GCSEs at grade A*-C or 9 - 4 including English and Mathematics.

Other UK Qualifications
International Baccalaureate

6,5,5 at Higher Level subjects with a minimum of 32 points overall.including either 4 in HL Maths, 5 in SL Maths or 6 in SL Maths Methods. Maths Studies is not accepted.

BTEC National Extended Diploma

Distinction* Distinction* Distinction in a relevant subject plus grade A or 7 in GCSE Maths

Distinction Distinction in a relevant subject plus an A-level grade B plus grade A or 7 in GCSE Maths

BTEC National Extended Certificate

Distinction plus A-level grades AB plus grade A or 7 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 Skills Challenge Certificate

Scottish Advanced Highers

 

Scottish Highers

AAABB including Maths

Irish Leaving Certificate

H2,H2,H3,H3,H3 including Maths

Access to Higher Education Diploma

Pass with at least 24 level 3 credits at Distinction and the remaining level 3 credits at Merit plus GCSE Maths grade A or 7. Please note that the Access to Higher Education Diploma will only be acceptable if the applicant has had a considerable break from education 

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 Italian degree at Royal Holloway will equip you with an enviable range of practical skills and can lead into a variety of career paths. A knowledge of languages in an increasingly globalised economy combined with 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; 80% of Italian 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.
  • Graduates have also entered many different language-related fields including international management, media and publishing, the arts, teaching, travel and tourism, translating and interpreting.

Home and EU students tuition fee per year 2018/19*: £9,250

International students tuition fee per year 2018/19**: £16,500

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 about funding options, including loans, grants, scholarships and bursaries.

*The tuition fee for UK and EU undergraduates is controlled by Government regulations, and for students starting a degree in the academic year 2018/19 will be £9,250 for that year. The UK Government has confirmed that EU students starting an undergraduate degree in 2018/19 will pay the same level of fee as a UK student for the duration of their degree.

**Fees for international students may increase year-on-year in line with the rate of inflation. The policy at Royal Holloway is that any increases in fees will not exceed 5% for continuing students. For further information see fees and funding and our terms and 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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