This is a particularly exciting time to be studying Economics. The financial crisis and the new age of austerity have increased interest in Economics degrees and Royal Holloway is a particularly exciting place to do these studies. Our staff are researching a vast range of topics at the frontiers of economic analysis. Research projects at Royal Holloway includes explorations of the interactions of financial markets with the real economy; how education needs to be adjusted to meet demands for higher skilled workers; the role for immigration in a slower growth economy; how the public sector needs to be organised to run efficiently; natural resources and the limits to growth; how to organise an economy where individuals do not always behave in a self-interested manner; and the spread of ISIS.
In the next decade, the best education is not just about learning standard materials and preparing for standard examinations. Students will need to have a deeper understanding of the models and methods of Economics, and about how to apply those models in the real world. We think Royal Holloway is the ideal place for you to prepare for this challenging and exciting future.
Professor Mike Spagat
Head of Department
About the Department of Economics
The Department of Economics has recently celebrated its 20th Anniversary and goes from strength to strength and has established itself as one of the UK's top ten teaching and research centres in Economics.
In the 2014 Research Excellence Framework (REF), the Department rose to the top ten in the fiercely competitive economics field, receiving especially high scores for the real-world impact of its research and for the per cent of research rated by the REF panel as “world leading”. The ranking produced by the respected Times Higher Education placed us ninth overall, ninth in Output and seventh in Impact. The Department of Economics continues to combine the vitality and innovation of a new department with the traditional academic strengths of an established college and university.
In the recent National Students Survey (2015), we achieved 95% overall satisfaction rate, placing Royal Holloway 7th in the top 10 UK Economics departments. We are one of only two Economics departments in the country placed in the top ten for both research and student satisfaction (REF 2014 and NSS 2015)
Academic staff have been educated and held academic posts at leading universities throughout the world, including Cambridge, Oxford, the LSE, Yale, and Harvard. They bring together the differing perspectives of all these universities, and have established programmes combining the best elements of education from each. Members of staff regularly publish in the top economics journals and all courses are lectured by members of staff who are in active research in that field. Students are therefore assured of high quality teaching given by specialists.
The Department of Economics is located in the Horton building in the heart of the campus. The building was recently completely refurbished; other than lecture theatres and seminar rooms, the Horton building also contains the Experimental Economics laboratory, Undergraduate Economics Hub and MSC Economics Hub. Elsewhere, MSc Finance students have use of a Simulation Trading Floor.
Why Study Economics?
Economics is the subject of choice for students seeking careers in public and private management, in financial institutions, and in government. Managers need to know how markets work and how a business can prosper in its market environment. Policy makers need to consider the constraints imposed by economic factors, but also the limits to the market and the role of government intervention.
The real, practical skills gained from an Economics degree go beyond the understanding of economics itself. Economics students gain quantitative and computing skills that are widely applicable. They gain experience in logical reasoning, and also develop their communication abilities. Few other degree subjects provide this full complement of skills.
Economics is a rigorous and intellectually challenging degree subject. Our students are supported through their studies by an established network of academic and departmental staff. By the end of their degree, our students have excellent graduate prospects as the market recognises the rewards the real knowledge and skill developed in an Economics degree.
Why Choose Economics at Royal Holloway?
The Economics Department has established itself as one of the top in the UK for research and teaching excellence. Our intellectually stimulating and diverse programme of study is designed for students who like to question the status quo. Our degrees incorporate all of the major aspects of economic thought and are an excellent framework for pursuing employment in a range of industries and professions
What distinguishes Economics at Royal Holloway from any other institution? There are three main features:
- Dual research and teaching focus: Being part of a research led department means that you will learn from experts in their field. With our STAFF being at the frontiers of their subjects, it guarantees high quality teaching, cutting edge material, new exciting courses, and a continuously evolving undergraduate programme to respond timely to the needs of the market.
- Excellent career prospects: The Department has an excellent placement record. Realising that employers are interested in the skills you develop through student life as well as the academic knowledge you gain through your studies, we have an established careers programme Economics@Work. This programme offers a series of employability workshops, events and guest speaker talks (including Royal Holloway alumni) who are able to provide advice, contacts and networking opportunities to current students.
- Campus environment: Royal Holloway has a friendly and relaxing community environment. Everyday interactions with student and staff from different departments and nationalities are the norm and contributes to the cosmopolitan vibe on Campus. Having everything to hand from your studies, friends, societies, sports and social life is an aspect that really sets us apart from other colleges of the University of London.