Duration: 3 years full time
UCAS code: L1R3
Institution code: R72
Economics with Italian (BSc (Econ))
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.
- Learn a language within a course that caters for beginners and then builds your written, grammar, reading and writing in Italian.
- Build your economic knowledge within a real world framework that will enhance your transferable skills for future employment.
- See how the ever-changing nature of money shapes the economy.
From time to time, we make changes to our courses to improve the student and learning experience. If we make a significant change to your chosen course, we’ll let you know as soon as possible.
Principles of Economics is a first-year undergraduate module in how the economy works. The module is suitable for students with or without A-Level economics or equivalent. We will cover the basic theories of macroeconomics (that of the economy as a whole) and microeconomics (the behaviour of individuals, firms and governments and the interactions between them).
The module adopts the state-of-the-art CORE approach (Curriculum Open-access Resources in Economics) to teaching Principles of Economics. The approach has three pillars which we rely on throughout the module:
- Formulate a problem that our society is facing now or has faced in the past;
- Build a theory to explain and solve the problem;
- Evaluate the usefulness of the theory by using data observations and more novel theories.
Data Skills for Economists is about understanding the data we encounter constantly in everyday life and the data that social science researchers create as they explore and analyse the world around us. We'll endeavour to understand such questions as:
- Where does data come from and how can we harvest it?
- What useful information does the data contain?
- How can we create new data to generate useful insights?
Computers equipped with statistical software are a big part of the answer to the third question (above) so, accordingly, you'll spend much of your time learning to analyse and display data using the R statistical software package (R is the industry standard).
We'll develop an ethos of clear communication of numerical information that will be supported by our growing understanding of statistical concepts and our growing proficiency with computers.
Simultaneously, we'll delve into the seamy underside of the tricksters who try to fool you with falsified data. Understanding their game can provide at least some degree of inoculation against their attacks.
The aims of the module are to cover the basic mathematical and quantitative tools used by economists every day. The module gives an emphasis to the mathematical tools, which are applicable to solving a wide range of economic problems. The first half of the module is devoted to linear algebra, specific functions of one and more variables used in economics, manipulating those functions and finding their minima and maxima. In addition, the first half of this module delivers the rules of integration and differentiation, which prepares the you to apply constrained and unconstrained optimisation techniques in their subsequent 2nd and 3rd year of studies. Constrained and unconstrained optimisation techniques are also discussed. The second half of the module is devoted to optimisation theory which in turn will use the concepts of vectors and matrices, drawn from linear algebra, and require the study of concave functions. The knowledge of matrices will help you solve systems of linear equations, which are used in both microeconomic and macroeconomic planning and forecasting.
This module will be composed of an introduction to Employability, library resources, team building, and CV making. Career services will provide a session on self-awareness and decision making and library services will present their relevant resources. Finally, the Economics department will organise some team building exercises.
You will take one of the following modules in Italian according to your language proficiency:
The module aims to develop reading and writing skills in Italian. Classes use Italian as much as possible and the module is assessed in Italian. The module uses a blended approach: it is based on a beginners' coursebook with additional material on Moodle and as weekly hand-outs based on authentic material. Themes studied vary from year to year but are likely to include every-day life in France, an introduction to Italian-speaking society and culture, regions and traditions.
The module aims to develop speaking and listening skills in Italian. Classes use Italian as much as possible and the module is assessed in Italian. The module uses a blended approach: it is based on a beginners' coursebook with additional material on Moodle and as weekly hand-outs based on authentic material. Themes studied vary from year to year but are likely to include every-day life in Italian-speaking countries, an introduction to Italian-speaking society and culture, regions and traditions.
The module aims to expand students’ ability to express themselves in accurate written Italian. Major grammatical issues will be taught and/or revised, and students will work on a wide range of authentic material in Italian to expand their vocabulary and range of expressions. Key linguistic features of the texts will be identified and discussed to improve the student’s language acquisition and analysis skills. The module will be taught and assessed in Italian.
The module aims to expand students’ ability to express themselves in accurate spoken Italian. Students will work on a wide range of authentic material in Italian to expand their vocabulary and range of expressions and to introduce them to contemporary issues and culture. The module will be taught and assessed in Italian.
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.
Career services will provide a session on how to be ready to apply for an internship at the end of the second year. Students will prepare for a psychometric test and will undertake a series of a mock interviews in order to improve their interview technique. Finally, students will attend at least one Econ@Work talk to be aware of professional life and challenges.
You will take one of the following options:
In this 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.
In this module you will develop an understanding of the behaviour of individuals and firms in the economy. You will look at models of individual optimisation and their applications, considering the key determinants of an individual’s behaviour in a variety of circumstances. You will examine the behaviour of firms in different market environments such as perfect competition, monopoly and oligopoly, and the factors which are important in shaping the decisions that firms make in each market environment. You will learn to manipulate and solve diagrammatic and algebraic models of microeconomics, analysing the properties of competitive markets and assessing the role of government intervention in correcting market failures.
You will take one of the following options:
The aim of this module is to provide you with a solid understanding of the essentials of empirical research techniques (i.e. econometrics) used by applied economists. The module will cover core econometric topics that are needed by all wishing to undertake econometric analysis, with a particular focus on topics in both time series and cross section econometrics that can be used by students of industrial, business and finance.
The aim of this module is to offer students a more advanced, deeper understanding of the essentials of the theory and practice of econometrics. The module will address many of the topics covered in Econometrics 1 but using more mathematical and statistical rigour, including an introduction to econometric computer coding, with an aim to increase understanding of the concepts, theories and techniques that underlie applied econometric research.
You will take one of the following options:
The aim of this module is to extend your knowledge of the essentials of empirical research techniques (i.e. econometrics) used by applied economists. The module will build on the topics covered in Econometrics 1.
The aim of this module is to extend and deepen your knowledge of the essentials of econometric theory and practice. This module will build on the topics and techniques covered in Econometrics A looking at extensions of techniques and estimation methods to address more complex problems.
You will take one of the following modules in Italian according to your language proficiency:
This module includes a written and oral component, with five weekly seminars in Italian using a communicative approach. The written part emphasises reading comprehension and essay writing, involving analysis of Italian articles and podcasts on contemporary social, cultural, and political issues. Students will paraphrase and learn relevant vocabulary. They'll also strengthen their grasp of Italian through grammar and vocabulary exercises. The oral component involves structuring presentations and participating in informal debates to practice expressing opinions in Italian. The fortnightly grammar lecture covers specific topics for understanding complex sentence structures in context.
This module is conducted in Italian, adopting a communicative approach. In the Written component, you’ll focus on reading comprehension and essay writing, and in the oral component, you’ll have the opportunity to structure oral presentations as well as take part in informal discussions in order to learn to express your opinions in Italian.
You will take the following module in Italian:
In this module there is a close correlation between the material selected for use in the written and oral classes. In the written class you’ll be asked to structure cohesive and informed written commentaries on set Italian texts as well as practise reading comprehension and paraphrasing skills. You will be asked to prepare and deliver short oral presentations as well as debate issues related to Italian current affairs, and in grammar lectures, you’ll revise complex features and refine their use in context and complete a series of grammar exercises specifically devised for final year students.
You will take the following module in Economics:
This third-year course will deepen the elements covered previously in Employability 1 and 2. Career services will provide a session on how to be ready for employment at the end of the year. Students will prepare for a psychometric test and undertake a series of mock interviews in order to improve their interview technique. Finally, students will attend at least one Econ@Work talk to be aware of professional life and challenges.
There are a number of optional course modules available during your degree studies. The following is a selection of optional course modules that are likely to be available. Please note that although the College will keep changes to a minimum, new modules may be offered or existing modules may be withdrawn, for example, in response to a change in staff. Applicants will be informed if any significant changes need to be made.
All modules are core
All modules are core
Empirical work requires obtaining the correct data for the question at hand, and nowhere has more data than the internet. Nonetheless, the data created by our modern internet driven economy is not always structured or easily available. The aim of the module is to provide students with the tools to be able to collect the right data to answer important economic questions. These techniques include using APIs, static web scraping, and browser emulation for scraping dynamic webpages, all facilitated by the Python programming language.
The module presents the main facts about modern war and, to a lesser extent, terrorism. In parallel we will develop broadly applicable empirical tools to help us measure key phenomena and drive our analysis. Specific topics include the Israeli-Palestinian conflict, the Rwandan genocide, the economics of rebellion and the possible long-run decline of war. This module, together with Economics of Warfare 2, will prepare students of a lifetime of critical data consumption beyond the particular world of war and terrorism.
- Economics of Warfare 2
In this module you will develop an understanding of economic inequality. You will look at the factors that determine wage differentials among workers from a theoretical and empirical point of view. You will consider why similar workers are paid differently and examine how labour mobility can improve the allocation of workers to firms, enhance aggregate productivity, and reduce inequality.
This module provides students on the BSc Economics, BSc Economics and Data Science, BSc Financial and Business Economics, BSc Finance and Mathematics courses with an optional course in macroeconomic time series analysis. The module material will focus on Bayesian time series analysis and will include examples of how to use Python via Jupyter Notebooks to implement the analysis in the course. The content will be useful for any student aiming to begin a MSc in Economics or macroeconomics. Upon completion of the module, students will be able to draw random samples from important distributions, estimate Bayesian regression models (including time-series Bayesian models), produce economic forecasts using Bayesian Time Series Models and communicate the results to others.
Teaching & assessment
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.
A Levels: ABB-BBB
- GCSE Maths at grade A or 7.
- A-level in Italian at grade B for the advanced-level language pathway, or grade B in an essay-based subject for the beginners'-level language pathway.
- At least five GCSEs at grade A*-C or 9-4 including English and Mathematics.
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. For students who are from backgrounds or personal circumstances that mean they are generally less likely to go to university, you may be eligible for an alternative lower offer. Follow the link to learn more about our contextual offers.
We accept T-levels for admission to our undergraduate courses, with the following grades regarded as equivalent to our standard A-level requirements:
- AAA* – Distinction (A* on the core and distinction in the occupational specialism)
- AAA – Distinction
- BBB – Merit
- CCC – Pass (C or above on the core)
- DDD – Pass (D or E on the core)
Where a course specifies subject-specific requirements at A-level, T-level applicants are likely to be asked to offer this A-level alongside their T-level studies.
Your future career
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 you to recognise your own strengths, skills and abilities so that you can make strong applications for your chosen job or further study.
- Get equipped with transferable skills such as numeracy problem-solving, computing and analytics
- Develop your professional network by attending workshops, events and guest speaker talks
- Dedicated short employability modules to help you in your career
Fees, funding & scholarships
Home (UK) students tuition fee per year*: £9,250
EU and international students tuition fee per year**: £21,000
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, scholarships and bursaries. UK students who have already taken out a tuition fee loan for undergraduate study should check their eligibility for additional funding directly with the relevant awards body.
*The tuition fee for UK undergraduates is controlled by Government regulations. For students starting a degree in the academic year 2024/25, the fee is £9,250 for that year.
**This figure is the fee for EU and international students starting a degree in the academic year 2024/25
Royal Holloway reserves the right to increase tuition fees annually for overseas fee-paying students. Please be aware that tuition fees can rise during your degree. The upper limit of any such annual rise has not yet been set for courses starting in 2024 but will advertised here once confirmed. For further information see fees and funding and our terms and conditions.
***These estimated costs relate to studying this particular degree at Royal Holloway during the 2024/25 academic year, and are included as a guide. Costs, such as accommodation, food, books and other learning materials and printing etc., have not been included.