Economics with Chinese Studies BA

   
   
  

Fact file - 2017 entry

UCAS code:L1T1
Qualification:BA Hons
Type and duration:3 year UG
Qualification name:Economics with Chinese Studies
UCAS code
UCAS code
L1T1
Qualification
Economics with Chinese Studies | BA Hons
Duration
3 years full-time
A level offer
A*AA-AAA not including general studies (A*ABB for those taking four full A levels and completing them in the same year)
Required subjects
A in maths at GCSE, unless taking it at AS/A level
IB score
36
Course location
University Park Campus 
Course places
9
School/department
 

This course may still be open to international applicants for 2016 entry. Please visit our international pages for details of courses and application procedures from now until the end of August.

Overview

Combining economics with modules on contemporary China, this course equips graduates with skills that are sought-after by many employers as well as the chance to learn Mandarin.
Read full overview

This course reflects the growing interest in and importance of China in the global economy. At the end of your course, you will have a thorough knowledge of economic theory and how it is applied to the real world, coupled with an in-depth understanding of contemporary China.

If you have chosen to study Mandarin, your language skills will be at degree level. You will also be familiar with the key analytical techniques that economists use in practice. Employers will value your understanding of these concepts and techniques as well as your specialist knowledge of the Chinese economy. 

Economics modules form two-thirds of the degree and the remainder is made up of modules in Chinese studies. Study of the Mandarin language is popular but purely optional.

Year one 

In your first year you will cover the foundations of microeconomics and macroeconomics, and will choose between econometrics or quantitative economics, depending on your mathematical ability. For the Chinese studies element of this course, you will study full-year specialist modules in this area as well as taking optional modules relating to the history, politics, culture and literature of China.

Year two

During your second year, you will build on your knowledge of microeconomics and macroeconomics and strengthen your knowledge of either econometrics or quantitative economics. Two-thirds of this year will focus on economics, and the remainder will develop your language skills and your understanding of contemporary China.

You can choose to take your first semester at The University of Nottingham Ningbo China, deepening your experience of Chinese culture while taking the same modules as your counterparts back in Nottingham. View more information about studying abroad.

Year three

Your final year is made up of a wide selection of optional modules on economics and contemporary Chinese studies, including Mandarin. A minimum of 60 credits are taken from the list of modules available in economics, and the remainder from Chinese studies modules, which includes a dissertation in the discipline.

Student profile

Kay Li talks about the variety of study opportunities offered by her degree.

 

Entry requirements

A levels: A*AA-AAA not including general studies (A*ABB for those taking four full A levels and completing them in the same year)

GCSEs: An A in GCSE maths is the absolute minimum requirement for all economics courses unless you are taking AS or A level maths

English language requirements 

If you have not studied using the medium of English for your entire secondary education or do not have GCSE English or equivalent at grade B or above you will be asked to achieve the following IELTS score:

IELTS: 7.0 including 7.0 in both reading and writing, and no less than 6.0 in speaking or listening

Students who require extra support to meet the English language requirements for their academic course can attend a presessional course at the Centre for English Language Education (CELE) to prepare for their future studies. Students who pass at the required level can progress directly to their academic programme without needing to retake IELTS. Please visit the CELE webpages for more information.

International applicants

Alternative entry requirements for those with international fees status are as follows:

International Baccalaureate: 36 including bonus points

ISC/CBSE: 90% in year 12

Foundation programmes: 70%

Alternative qualifications

View the alternative qualifications page for details.

Flexible admissions policy

In recognition of our applicants’ varied experience and educational pathways, The University of Nottingham employs a flexible admissions policy. We may make some applicants an offer lower than advertised, depending on their personal and educational circumstances. Please see the University’s admissions policies and procedures for more information.

Notes for applicants

We are looking for students who have the ability and motivation to benefit from our courses, and who will make a valued contribution to the department and the University. Candidates for full-time admission are considered on the basis of their Universities and Colleges Admissions Service (UCAS) form.

When considering your application, we will look for evidence that you will be able to fulfil the objectives of the programme of study and achieve the standards required. We will take into account a range of factors additional to, and in some cases instead of, formal examination results. Selection of those applicants to whom we will make an offer will be based upon a combination of the candidate's academic record and an assessment of all the information provided in their UCAS application form, their academic reference and their personal statement.

 
 

Modules

Typical year one modules

Core modules

Business and Economy of China

This module intends to provide the fundamental knowledge of China's economic transformation and business development. It assists students to establish an understanding of issues including economic strategies, industrial sector transformation, investment, trade and business management.

The educational aims of this module are to:

  • provide an introductory programme that facilitates students learning in the disciplines of Management, Economics and Chinese Studies
  • introduce to students theoretical debates and empirical materials that are used in explaining business-related issues
  • familiarize students with comparative perspectives on business practices generally, and Chinese business practices specifically
  • practise and develop students' intellectual and transferable vocational skills 
  • foster students' awareness with economic issues, policies and institutions of China
 
Current Economic Issues and Perspectives

This module focuses on a range of current issues facing the world economy, seeks to illustrate how economists model such issues, and examines potential policy responses. Example topics to be covered are:

  • Globalisation
  • Economic growth
  • The global financial crisis
  • The world economy
  • Emerging economic superpowers
  • Consequences of rising economic nationalism

This module aims to:

  • examine critically a number of current economic challenges facing the UK and the world economy
  • use economic analysis to investigate and clarify the underlying drivers of these challenges
  • identify potential gainers and losers and the role of economic policy in maximising the net benefits/minimizing the net costs
 
Foundations of Macroeconomics

Macroeconomics is the study of the aggregate economy. This module will focus on the determinants of aggregate output, both in the short run - addressing cyclical movements of booms and busts - and in the long run - providing an introduction to economic growth.

A running theme will be debates over the role of the government in macroeconomic management, covering fiscal and monetary policy. The module will introduce a series of basic models used in modern macroeconomics.

This module aims to:

  • provide a sound basis in the fundamentals of macroeconomics and their application to both theoretical and real world situations
  • develop analytical skills using the major methods of mathematics and diagrams
  • engender the ability to communicate and report findings, particularly via tutorial essays, presentations and exercises
 
Foundations of Microeconomics

This module begins by analysing how the economic choices of households and firms can be understood using consumer and producer theory. It then looks at how these individual choices are aggregated into market demand and supply to be mediated through the price mechanism.

A variety of market settings are considered, ranging from the paradigm of perfect competition to strategic interactions in oligopolistic markets. The module concludes by providing an introduction to the normative evaluation of economic outcomes in terms of individuals’ welfare, covering both market and government failures.

This module aims to:

  • provide a sound basis in the fundamentals of micro-economics and their application to both theoretical and real world situations
  • develop analytical skills using the major methods of mathematics and diagrams
 
Introduction to Contemporary China

This is an introductory course designed to provide students with an overview of contemporary China and help students establish a foundation of knowledge and skills to pursue more advanced studies of China in their later years of study. The module examines the following topics since the founding of the People's Republic of China in 1949, though particular attention is paid to the changes in China since 1978.

On completion of this module, students will:

  • have a basic knowledge of political, economic, social and environmental developments in contemporary China 
  • be familiar with theoretical debates regarding issues in contemporary China and differing empirical approaches to studying the nature of changes in contemporary China 
  • be able to comment in an informed, critical manner on contemporary issues and developments 
  • have improved their capacity to conduct research on contemporary China
 

Either:

Mathematical Economics and Econometrics

The module is intended to provide an introduction to mathematical techniques used in economics. In particular, examples of economic issues that can be analysed using mathematical models will be discussed in detail. Particular attention will be given to providing an intuitive understanding of the logic behind the formal results presented. Students who wish to pursue a higher degree in economics will find the module particularly useful.

This module aims to:

  • provide a rigorous grounding in certain mathematical tools and methods of argumentation used in microeconomic theory
  • develop a clear perception of the role of mathematical tools and logical methods in the construction of the formal theory of individual decision-making
  • develop the ability to analyse economic problems through rigorous applications of the formal theory of individual decision-making
 

or:

Quantitative Economics
  • Introduction to mathematical economics: mathematical finance
  • Analysis of functions
  • Supply and demand
  • Matrix algebra
  • Differentiation
  • Elasticities
  • Maximisation/minimisation
  • Optimisation subject to constraints
  • Lagrange multipliers
  • Integration

This module aims to:

  • provide a basis in the fundamentals of Mathematics most relevant to the study of Economics
  • allow students to see how mathematical tools can be applied in the analysis of theoretical economic problems
  • facilitate the development of analytical skills leading to an understanding of which economic problems are susceptible to a formal treatment, and which results are capable of formal proof
 

Plus optional modules taken from other schools.


Optional modules

Current Economic Issues II

This module focuses on a range of current issues facing the world economy, seeks to illustrate how economists model such issues, and examines potential policy responses. Example topics to be covered are:

  • Globalisation
  • Economic growth
  • The global financial crisis
  • The world economy
  • Emerging economic superpowers
  • Consequences of rising economic nationalism

This module aims to:

  • examine critically a number of current economic challenges facing the UK and the world economy
  • use economic analysis to investigate and clarify the underlying drivers of these challenges
  • identify potential gainers and losers and the role of economic policy in maximising the net benefits/minimizing the net costs
 
Economic Integration I

This module introduces students to the economics of integration. The module analyses the consequences for countries seeking closer economic integration through successively more ambitious forms. This begins with a limited trade arrangement, followed by a common market, which also allows free movement of capital and migrant workers, and a Single Market. The final part of the module examines monetary integration, beginning with exchange rate stabilisation and then considering Monetary Union.

This module aims to:

  • introduce the economic analysis of relevant forms of regional economic integration, applying basic micro and macro economic principles
  • provide insight into the economic consequences of removing barriers to trade and factor mobility, and the economic costs and benefits of monetary integration
  • provide an understanding of the measures taken in Europe to promote regional economic integration
  • assess the consequences of integration measures in the European Union
 
Economic Integration II

This module introduces students to the economics of integration. It analyses the economic rationale for, and practice of, policy co-ordination and harmonisation both at the European and at a global level. An examination of the economic rationale for common EU policies is followed by an analysis of such examples as the common agricultural, trade and regional policies, and the operation of the European Budget. At the global level cooperation in trade, finance and development policies is reviewed in relation to the operation of institutions such as the World Trade Organisation, the International Monetary Fund and the World Bank.

This module aims to:

  • introduce the economic analysis of common EU level policies, applying basic microeconomic principles
  • provide insight into the economic consequences of harmonising government interventions in a regional economic group
  • provide an understanding of the objectives, actions and consequences of common EU level economic policies
  • assess the consequences of integration measures in the European Union for non-member countries
  • provide insight into the economic consequences of coordinating economic policies through international economic institutions
 
Economic Perspectives

This module is intended as a foundation for the understanding of modern economic theories and policies. It is concerned with:

  • The different characters and workings of economies of the past
  • The changing ways in which economic questions have been interpreted and answered over time

As will be discovered, the 21st century Western views of everyday economic concepts such as ownership, money, exchange, work, poverty, industrialisation, economic growth and government are quite different from those expressed at other times and in other places.

This module aims to:

  • explore some key ideas and concepts of economics, both historically and culturally
  • explore both similarities and differences in solutions to economic problems, as adopted within different economic systems
 
Growth and Development in Long-Run Historical Perspective

In this module, we will explore the long-run, historical determinants of the wealth of nations. We will begin by taking a long-run view on modern economic growth, showing how this has led to dramatic changes in the relative wealth of nations over the last 500 years. We will then ask two key questions: why have modern economic growth started in some places rather than others? And while have some countries been able to catch up, while others have not? These investigations will improve our understanding of why are some countries much richer than others, and will give us some important insights on how to promote sustained growth in developing countries.

The module draws on a vibrant new literature in economics that looks at comparative development as the outcome of a long historical process, and uses techniques originally developed in economics to improve our understanding of history. 

This module aims to:

  • introduce students to the key questions of comparative development, the main recent findings, and future challenges
  • create a foundation knowledge allowing students to put current issues in growth and development in historical perspective
  • highlight the role of modern economics in understanding history
  • suggest students a set of applications for theoretical and empirical methods in economics
 
 

Typical year two modules

Core modules

Principles of Macroeconomics

This module will address both the fundamental and applied aspects of macroeconomic theory. In particular, the module will focus on:

  • Introducing the modern theory of expectations and economic dynamics
  • Using this approach to think about short run fluctuations
  • Studying the role of macro policy on short run fluctuations

The module will review the so-called modern approach to aggregate demand and aggregate supply. This entails incorporating into the classical approach to aggregate supply and aggregate demand insights from Keynesian economics. This will serve as a base to discuss the role of macro-policy in controlling for fluctuations in output and employment.

This module aims to:

  • introduce the students to the main issues and developments of modern macroeconomics.
 
Principles of Microeconomics

Intermediate microeconomics including general equilibrium analysis, welfare economics, elementary game theory, and strategic behaviour of firms.

This module aims to:

  • build upon the microeconomics you encountered in year one
  • develop analytical skills by employing standard diagrammatic analysis and reference to the underlying mathematical techniques
 

Either:

Econometrics

This module generalises and builds upon the econometric techniques covered in the Year I module, Introductory Econometrics. This will involve introducing a number of new statistical and econometric concepts, together with some further development of the methodology that was introduced in Year I. The multivariate linear regression model will again provide our main framework for analysis.

This module aims to:

  • provide the necessary mathematical and statistical tools needed to conduct theoretical econometric analysis at an advanced level
  • develop the analytical skills required to demonstrate the theoretical properties of different econometric estimation and testing procedures under various modelling assumptions
  • provide a sound understanding of the applicability and limitations of the multivariate linear regression model as a vehicle for econometric analysis for economic data
 

or:

Quantitative Economics
  • Introduction to mathematical economics: mathematical finance
  • Analysis of functions
  • Supply and demand
  • Matrix algebra
  • Differentiation
  • Elasticities
  • Maximisation/minimisation
  • Optimisation subject to constraints
  • Lagrange multipliers
  • Integration

This module aims to:

  • provide a basis in the fundamentals of Mathematics most relevant to the study of Economics
  • allow students to see how mathematical tools can be applied in the analysis of theoretical economic problems
  • facilitate the development of analytical skills leading to an understanding of which economic problems are susceptible to a formal treatment, and which results are capable of formal proof
 

Optional modules include:

Chinese Society

This module emphasises sociological theories of family and society with reference to China. Topics include:

  • Political and social structure of China: the State, society, families and individuals 
  • Trust, Guanxi (social relations), and social capital 
  • Rural-urban divide: dualism, 'urban bias' or 'State bias' 
  • Nationhood, identity and ethnicity 
  • Health, education and aspirations

The aim of this module is to provide an introduction to the socio-economic aspects of China. The module objectives are to develop an understanding of contemporary Chinese society, its social structures and the effects of economic reform upon these, and to generate a familiarity with the main sources of information concerning China. 

Students will apply relevant theoretical frameworks to the analysis of social issues in contemporary China and analyse evidence on these issues.

 
Development Economics

A general introduction to the economic problems of developing countries. The module will cover such topics as:

  • the implications of history and expectation
  • poverty, income distribution and growth
  • fertility and population
  • employment, migration and urbanization
  • markets in agriculture
  • agricultural household models
  • risk and insurance
  • famines

The module aims to:

  • introduce some of the main economic issues facing developing countries
  • provide students with appropriate theoretical tools to analyse and understand these issues
  • provide students with guidance as to sources of empirical analysis and evidence, which they can follow up via the reading list and in work for tutorials
  • introduce key policy issues relating to the topics discussed
  • more generally, to illustrate the application of relevant economic theory and analysis to real economic issues
 
Environmental and Resource Economics

This modules will look at the following:

  • Principles of environmental policy: Efficiency and sustainability
  • Market failure and the need for environmental policy; the Coase theorem
  • Instruments of environmental policy: efficiency advantages of market instruments; applications of market instruments, especially the EU Emission Trading Scheme
  • Valuation of the benefits of environmental policy
  • Biodiversity and its benefits
  • International trade in polluting goods
  • Mobile capital: Race to the bottom?

The modules aims to look at environmental issues from an economic perspective and provide an overview of the economic tools that are used to address environmental problems.

 
Experimental and Behavioural Economics

This module provides a foundation in behavioural economics and the role of experimental methods in economics. The traditional approach in economics is to explain market outcomes and economic decision-making using simple theoretical models based on perfectly rational, self-interested agents who maximise their well-being by carefully weighing up the costs and benefits of different alternatives. Behavioural economics, on the other hand, aspires to relax these stringent assumptions and develop an understanding of how real people actually make decisions. The module will introduce students to behavioural and experimental economics, discuss these fields from a methodological perspective and examine several areas of economic analysis in which they are applied. This will include individual choice under risk and uncertainty, decision-making in strategic situations and competition in markets.

The module aims to:

  • engender thinking about economics as an empirical science and what that entails
  • introduce students to attempts to relax conventional assumptions such as unlimited rationality and own-payoff maximisation
  • provide a foundation knowledge relating to the design and implementation of appropriate experimental tests of economic theories
  • engender presentation and communications skills
 
Financial Economics

This module will begin by introducing some theoretical concepts related to the functioning of financial markets. Then it will apply these concepts in three main areas; namely consumer finance, corporate finance and financial intermediation.

This module aims to:

  • introduce some basic theoretical tools useful for analysing financial market operations
  • provide an understanding of the behaviour of financially constrained consumers and firms
  • analyse the role of financial intermediation
 
Industrial Economics

This module provides an economic analysis of the theory and practice of organization of firms and industries. It explores the nature of competition among firms and their behaviour in various markets, with the specific emphasis on imperfectly competitive markets. Tools for both empirical and theoretical approaches to the analysis of industries are covered. Starting from a detailed analysis of market structures, the module goes on to discuss various aspects of firms' behaviour and their influence on market outcome. Among the behaviours covered in the module are price discrimination, vertical integration, advertising, research and development activities and entry and exit of firms. Government regulation of industries is also discussed.

This module aims to:

  • introduce students to economic theories used in the analysis of industries
  • evaluate these theories in view of empirical evidence
  • describe policy implications of these theories and their empirical evaluation
 
International Trade

This module is an introduction to international trade theory and policy. It covers the core trade theories under perfect and imperfect competition and applies them to understanding the pattern of trade, gains from trade and modern topics like foreign outsourcing. On the policy side, it examines the effects of different government trade policy instruments and the role of international trade agreements.

This module aims to:

  • provide an introduction to core theories of international trade
  • see how these theories help us think about the pattern of trade and welfare gains from international trade
  • evaluate the effects of government policies like tariffs, quotas and export subsidies
 
Introduction to Political Economy

This module is concerned with the effect of political and institutional factors on economic variables as well as with the study of politics using the techniques of economics.

The module aims to:

  • acquaint students with the modern literature in theoretical and applied political economy
  • provide an opportunity for interdisciplinary study within the Economics degree
  • promote understanding of what economic techniques have to offer political science
  • enrich students' study of economics with insights from political science
 
Labour Economics

This module provides an introduction to the economics of the labour market. We will look at some basic theories of how labour markets work and examine evidence to see how well these theories explain the facts. Particular attention will be given to the relationship between the theory, empirical evidence and government policy. The module will refer especially to the UK labour market, but reference will also be made to other developed economies.

The module aims to:

  • provide an introduction to theories of economic behaviour in the labour market
  • summarise and explain the empirical evidence on these theories
  • provide a description of the UK labour market and an analysis of recent policy in the light of this theory and evidence
 
Mandarin

Mandarin modules are available from beginners’ (Level 1) to research (Level 5). Students are assessed and placed at the appropriate level of study. 

Please note: Native speakers of Mandarin will take Advanced English for Disciplinary Study modules instead of Mandarin.

Module content is as follows:

  1. Studies on accuracy of grammar on times and changes, and connectors and discourse markers in spoken and written Chinese
  2. Vocabulary related to physical features, personalities, human social behaviours, economic developments and basic statistics 
  3. Language functions for relating experiences, describing physical features, making generalisations, defining historic personalities and celebrities and describing changes, etc. 

The aim of this module is to build on the practical language experiences gained previously, to consolidate and extend vocabulary, to increase comprehension, to reinforce grammatical accuracy and to develop a fluent command of written and spoken Mandarin Chinese.

 
Monetary Economics

This course will provide a foundation for the monetary economics modules in the third year and is a complement to financial economics for the second and third years. It will cover topics such as the definitions and role of money, portfolio choice, financial markets and banks, central banks and monetary policy, and the monetary transmission mechanism. Under these headings the module will address issues of theory, policy and practice relating to recent experience in the UK and other countries. The module will feature some current debates and controversies based on recent events.

This module aims to:

  • build on core macroeconomic understanding to explore monetary economics
  • study in detail various topical issues in the field of monetary economics
  • give students a comprehensive grasp of underpinnings of monetary policy analysis
 
Public Sector Economics

his module looks at Public finances in the UK, Market Failures, Fundamental Theorems of Welfare Economics, Social Welfare Functions, Externalities, Public Goods, Natural Monopolies, Public Choice, Social Insurance: Social Security, Taxation and Equity, Excess Burden of Taxation and Tax Incidence.

The module aims to:

  • introduce students to the basic conceptual vocabulary of the economic analysis of public sector economics
  • lay the foundations necessary for an understanding of those Third Year courses drawing on such a conceptual framework
  • stimulate an interest in public sector issues
  • inform students of the current agenda of public sector analysis
  • instruct in the basic analytic techniques, thereby enabling students to make informed policy judgements in the field
 
 

Typical year three modules

Core modules

Dissertation
You’ll independently write a 6,000-8,000 word dissertation based on a topic related to the Chinese economy. You’ll be supported in this through weekly seminars and sessions with your specialist supervisor. 
 

Plus a selection of modules from a wide range options, including Mandarin.


Optional modules

Advanced Development Economics

Adopts a broad focus on factors influencing growth and development. Topics covered include: macroeconomic policies, aid, debt, trade; growth experiences in East Asia, China and Africa.

The specific aims to this module are to:

  • introduce some of the main economic issues facing developing countries
  • provide students with appropriate theoretical tools to analyse and understand these issues
  • provide students with guidance as to sources of empirical analysis and evidence, which they can follow up via the reading list and in work for tutorials
  • introduce key policy issues relating to the topics discussed
  • more generally, to illustrate the application of relevant economic theory and analysis to real economic issues
 
Advanced Econometric Theory

This module generalises and builds upon the econometric techniques applied to the multivariate linear regression model covered in the year two module, Econometrics I. This will involve introducing a number of new statistical and econometric concepts. In particular we study large sample, or asymptotic, theory. This is needed in order to obtain tractable results about the behaviour of estimators when the standard modelling assumptions - which frequently cannot be verified in practice - are relaxed. We also extend the analysis from a single equation model to simultaneous equation models.

There are three specific aims for this module are to:

  • provide the necessary statistical techniques needed to conduct asymptotic econometric theory
  • develop the analytical skills required to demonstrate theoretical asymptotic properties of different econometric estimation and testing procedures under weakened modelling assumptions
  • provide a proper understanding of the applicability and limitations of asymptotic theory in econometric analysis
 
Advanced Environmental and Resource Economics

This module covers the following:

  • Principles of resource policy: efficiency and sustainability
  • The depletion of non-renewable natural resources: resource use under social optimum and in imperfectly competitive markets
  • Renewable resources: the economics of fisheries and forestry
  • Climate change and intertemporal efficiency
  • Energy markets and policy: the economics of electricity markets, market power, renewable energy

The module aims to look at natural resource use from an economic perspective and provide an overview of the economic tools that are used to address resource management and energy policy issues.

 
Advanced Experimental and Behavioural Economics

The module complements the existing second year module Experimental Economics I. Its objective is to provide a broader review of the emerging discipline of experimental economics. 

The aims of the module are to:

  • develop understanding of principles of experimental design in experimental economics
  • provide a wide-ranging review of the types of experiment that can be undertaken in economics and to enable students to assess their strengths and weaknesses
  • acquaint students with the central findings of the experimental research programmes considered and to encourage consideration of their implications for economics
 
Advanced Financial Economics

This module examines issues related to the impact of financial frictions on the financial system and the economy. Potential topics include:

  • the effects of financial constraints on the ability of firms to raise funds from different sources
  • the impact of financial constraints on consumer credit
  • the role of financial intermediaries

The module will also examine the transmission of shocks from the financial system to the macroeconomy and discuss relevant policies.

The primary aims of the module are to:

  • analyse the role of financial markets in the presence of frictions
  • examine the implications of financial frictions for corporate and consumer finance
  • examine the impact of financial shocks on the economy
 
Advanced International Trade Theory
  • Models of intra-industry trade
  • Trade policy in oligopolistic industries
  • Mathematical enterprises
  • Testing trade theories
  • The WTO and "new issues"

This module aims to:

  • provide a coherent theoretical framework that will give students a firm basis for the analysis of policy issues in the area of trade in imperfectly competitive markets
  • discuss how alternative trade theories might be distinguished empirically
  • identify and analyse changes in the nature and scale of protection in both developed and developing countries and to discuss the likely impacts of international agreements on trade and related policies
 
Advanced Labour Economics

The module covers an economic analysis of the labour market, with an emphasis on policy implications and institutional arrangements.

The module examines some current issues in labour economics paying particular attention to worker compensation schemes, and the effect different compensation packages have on firm productivity and profits.

The module focuses on the UK labour market, and includes both a theoretical and empirical content throughout. 

 
Advanced Macroeconomics

Part I

  1. Introduction: adaptive expectations vs. rational expectations
  2. Single-equation, forward-looking linear rational expectations models
  3. Dual-equation, forward-looking linear rational expectations models and saddle-path dynamics
  4. Deficits, inflation and hyperinflation: the nonlinear seigniorage model
  5. The Lucas island model
  6. The Lucas critique of econometric policy evaluation

Part II

  1. Dynamic general equilibrium models
  2. Growth in dynamic general equilibrium
  3. Real Business Cycles (RBC) 

This module follows important developments in Macroeconomics over the last 30 years. The main objective is to provide a broad overview of the field at an advanced level.

 
Advanced Mathematical Economics

The module is intended to provide an introduction to mathematical techniques used in economics. In particular, examples of economic issues that can be analysed using mathematical models will be discussed in detail. Particular attention will be given to providing an intuitive understanding of the logic behind the formal results presented. Students who wish to pursue a higher degree in economics will find the module particularly useful.

There are three main aims for this module and they are to:

  • provide a rigorous grounding in certain mathematical tools and methods of argumentation used in microeconomic theory
  • develop a clear perception of the role of mathematical tools and logical methods in the construction of the formal theory of individual decision-making
  • inculcate the ability to analyse economic problems through rigorous applications of the formal theory of individual decision-making
 
Advanced Microeconomics

The module will cover topics in advanced microeconomics and decision theory. 

This module aims to develop students' understanding of microeconomic theory with particular emphasis on showing the role information plays in markets. The material allows students to build on their prior learning in microeconomics.

 
Advanced Monetary Economics

This module will provide an outline of the elements of monetary theory and of theoretical policy issues. The module will begin with the nature of a monetary economy and will examine the characteristics of a classical monetary model. We will then consider the modifications offered by the Walrasians, Keynesians and the Monetarist, and the treatment of money as a financial asset in a liquidity spectrum will be covered in the lectures on portfolio theory. A guest lecture by a senior staff member from the Bank of England will explain how monetary policy is implemented each month by the monetary policy committee.

This module aims to:

  • convey all the basic rudiments of monetary economics

The objectives will be to cover each element of monetary economics in self-contained modules of lectures.

 
Advanced Money and Macroeconomy

This module will provide an introduction to international monetary issues, including the determination of exchange rates, the functioning of the international monetary system, and international macroeconomic policy co-ordination. The first part of the module deals with fixed exchange rates, explaining the consequences of a fixed parity for monetary, fiscal and external policy. The second part deals with floating exchange rates and the market forces, which arbitrage away differentials in goods and asset prices across international borders.

This module aims to:

  • provide an introduction to the international monetary economics

The objectives include an understanding of the exchange rate markets, exchange rate policy, balance of payments and international monetary arrangements.

 
Advanced Public Economics I

The module will introduce some major themes of public economics, using microeconomic tools to analyse public policy. The equity and efficiency implications of policies will be examined within an economic framework.

The first part of this module aims to introduce students to some of the important concepts and techniques required to identify the limits of what markets can achieve, and to evaluate the potential for benevolent government intervention to achieve better outcomes.

The second part questions some fundamental assumptions of the previous part:

  • the government’s benevolence (what about voting?)
  • economic efficiency as the sole government's objective (what about inequality and poverty?)
  • the effectiveness of government's policy instruments (what about tax evasion?)
 
Advanced Time Series Econometrics

This module is a continuation of the module on time series analysis taken in the second semester of the second year. While the earlier module was devoted to basic time series model building methodology, applicable over a broad range of disciplines, the present module concentrates on those developments which can be applied in the subject of Economics. In particular, the emphasis will be on aspects of the behaviour of typical economic time series, and the implications of that behaviour in practical analysis, such as the construction of models linking economic time series.

This module aims to:

  • introduce the concept of unit autoregressive roots, and the consequences of that concept for the analysis of economic time series - in particular, the importance of co-integration analysis and error-correction models
  • introduce other time series - analytic concepts and tools that have found applicability in economics
 
Health Economics

This module will cover the following:

  • introduction to health and health economics
  • healthcare as a commodity (Grossman model, market complications, such as rationality, externalities, uncertainty)
  • implications of health and healthcare demand (prices, insurance, supply-induced demand, consumer protection)
  • health behaviour (illness prevention, such as tobacco smoking, vaccination, cancer screening), economic aspects of the UK National Health Service (excess demand, efficiency, equity)
  • healthcare supply (factor substitution, economies of scale, technology diffusion)
  • international aspects of healthcare

The module aims to:

  • explore the behavioural theories relevant to the analysis of health and healthcare
  • analyse the implications of alternative methods of healthcare delivery
  • demonstrate how economic analysis can inform and appraise decisions on health policy
 
Industrial Organisation

This module provides an advanced economic analysis of the theory of organisation of firms and industries. It will analyse a variety of market structures related to the degree of market competition with a special emphasis on imperfectly competitive markets. It will also analyse issues related to the internal organisation of firms.

The specific aims of the module are to:

  • provide a detailed understanding of alternative theories of market structure
  • provide a rigorous analysis of issues related to the internal organisation of firms 
 
International Trade Policy

This module looks at:

  • Trade policy: theory and evidence
  • Trade policy and imperfect competition
  • Trade and distortions
  • The political economy of protection
  • Trade policy reform

This module aims to:

  • provide a coherent theoretical framework that will give students a firm basis for the analysis of trade policy issues under competitive and uncompetitive conditions
  • show how that framework can be used to analyse and empirically estimate the costs and effects of trade policies
  • provide the basis for the further study of trade policy issues in the semester two modules on the Economics of International Trade and International Trade Policy and the European Community
 
Numerical Methods

This module covers the following:

Static numerical methods

  • Numerical solution methods
  • Numerical static optimisation methods
  • Applications: resource allocation, computable general equilibrium

Dynamic numerical optimization

  • Discrete dynamic programming
  • Implementation of the methods
  • Applications: optimal growth, rational expectations, asset management

Agent-based economic modelling

  • Foundations of agent-based modelling
  • Basics of computer programming
  • Applications: evolutionary games, markets   

The specific aims of the module are to:

  • provide a detailed understanding of numerical methods used in economics
  • develop an understanding of how the discussed methods can be applied to various economic problems
 
Political Economy

The module will cover the following:

  • Foundations: the rational political individual?
  • Collective action
  • The Rational Society?
  • Core: The economic approach to voters, parties and bureaucracies
  • Core: The politics of markets and government intervention
  • Political economy in action

The module will close with a discussion of two to three contemporary problems in applied political economy.

Specific module aims are to:

  • acquaint students with the modern literature in theoretical and applied political economy
  • provide an opportunity for interdisciplinary study within the economics degree
  • promote understanding of what economic techniques have to offer political science
  • enrich students' study of economics with insights from political science and political philosophy
 
Topics in Econometrics

This module seeks to illustrate the application of econometric techniques to the modelling and analysis of a series of economic problems, applying econometric modelling methods acquired in earlier econometrics modules. This module aims to:

  • introduce a range of state-of-the-art techniques used in modern time series econometric modelling and analysis, including an understanding of how these techniques relate to and are motivated by stylised features of economic data
  • provide an appreciation and understanding of the possible pitfalls associated with and opportunities provided by time series econometric modelling
 
 

 

The modules we offer are inspired by the research interests of our staff and as a result may change for reasons of, for example, research developments or legislation changes. The above list is a sample of typical modules we offer, not a definitive list.

 
 

Study abroad

The University of Nottingham has one of the biggest and most diverse study abroad programmes in the UK, and those who have studied abroad often say that it was the highlight of their time as a student.

This course includes the opportunity to spend part of your second year at the University's campus in China as well as other destinations. You'll get the opportunity to broaden your horizons and enhance your employability by experiencing another culture and will study similar modules to your counterparts back in Nottingham (teaching is in English).

Find out more.

 

Careers

The growth of economic awareness has increased the demand for economics graduates and a degree from Nottingham really will give you a head start in your career. At Nottingham you will acquire a strong academic foundation and a range of excellent economic and transferable skills, such as the ability to study independently and communicate effectively, both orally and in writing. You will also have the capacity to grasp complicated economic concepts, whether they are mathematical or philosophical in nature.

Your knowledge and understanding of China can give you a vital edge in the graduate jobs market, with or without a high level of language proficiency.

Our graduates opt for a wide variety of careers, including investment banking, accountancy, tax consultancy, working in government offices, auditing, derivatives trading, management consultancy, mergers and acquisitions, and many more. We recognise that graduates often need more than just a great degree to make their CV stand out from the crowd so we also work with students to help them obtain internships and work experience with top employers.

Average starting salary and career progression

In 2015, 93% of first-degree graduates in the School of Economics who were available for employment had secured work or further study within six months of graduation. The average starting salary was £29,505 with the highest being £65,000.*

* Known destinations of full-time home first degree undergraduates 2014/15. Salaries are calculated based on those in full-time paid employment within the UK.

Careers support and advice

Studying for a degree at The University of Nottingham will provide you with the type of skills and experiences that will prove invaluable in any career, whichever direction you decide to take.

Throughout your time with us, our Careers and Employability Service can work with you to improve your employability skills even further; assisting with job or course applications, searching for appropriate work experience placements and hosting events to bring you closer to a wide range of prospective employers.

Have a look at our Careers page for an overview of all the employability support and opportunities that we provide to current students.  

 
 

Fees and funding

Scholarships and bursaries

The University of Nottingham offers a wide range of bursaries and scholarships. These funds can provide you with an additional source of non-repayable financial help. For up to date information regarding tuition fees, visit our fees and finance pages.

Home students*

Over one third of our UK students receive our means-tested core bursary, worth up to £2,000 a year. Full details can be found on our financial support pages.

* A 'home' student is one who meets certain UK residence criteria. These are the same criteria as apply to eligibility for home funding from Student Finance.

International/EU students

The University of Nottingham provides information and advice on financing your degree and managing your finances as an international student. The International Office offers a range of High Achiever Prizes for students from selected schools and colleges to help with the cost of tuition fees.

 
 
 

Key Information Sets (KIS)

Key Information Sets (KIS)

KIS is an initiative that the government has introduced to allow you to compare different courses and universities.

Assessment

There is assessment associated with this programme that is not attached to a specific module. During first year students complete an assessed, non credit bearing course on study skills. This is to help students adapt to university study, as well as providing information and support for effective study. 

In second year, students complete a further assessed, non credit bearing course on career skills. This allows reflection on personal development and implications on students' future careers. It will include workshops on work experience, interviews and job application in sessions led by leading employers and graduates.

How to use the data

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Disclaimer
This online prospectus has been drafted in advance of the academic year to which it applies. Every effort has been made to ensure that the information is accurate at the time of publishing, but changes (for example to course content) are likely to occur given the interval between publishing and commencement of the course. It is therefore very important to check this website for any updates before you apply for the course where there has been an interval between you reading this website and applying.

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