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Economics and International Economics

BSc Hons UCAS Code

Course overview

Explore the dynamic world of international economics and understand its powerful impact on the global economy. BSc Economics and International Economics covers the fundamental concepts of economics such as macroeconomics, microeconomics, mathematics and international trade. You’ll gain an insight into how trade policies, migration, and financial crises shape economic transactions between nations.

Each year, optional modules let you study the topics that interest you. Choose from areas like financial, development and industrial economics as well as econometrics, political economy and behavioural economics.

We know work experience and building connections is important. In year one, you’ll have automatic membership to the student-led Nottingham Economics and Finance Society (NEFS) which offers networking opportunities, CV advice, and additional training through their divisions.

Teaching and learning

Modules

Core modules

9 modules

Applied Economics

In this module, you’ll explore trends in long run economic growth and globalisation. You’ll gain an understanding of 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 some countries are much richer than others and will give us some important insights on how to promote sustained growth in developing countries.

We will then turn to the economics of globalisation. This will look at the gains from trade, addressing debates regarding free trade and protectionism. You'll consider the movement of capital and migrant workers, looking at the causes of international mobility and the impact on both sending and receiving economies. Particular attention will be given to the rise of China in the world economy, to European economic integration and to potential deglobalisation.


Introduction to International Economics

This module introduces you to the economics of integration. You’ll analyse 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 examples such 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 will be reviewed in relation to the operation of institutions such as the World Trade Organisation, the International Monetary Fund and the World Bank. The module aims to combine principles of economic analysis with an assessment of the impact of international policy coordination.


Introduction to Microeconomics

In this module you will learn about the behaviour of firms and households in situations of competitive and imperfectly competitive markets.


Introduction to Macroeconomics

Macroeconomics is the study of the aggregate economy, focusing on the cyclical pattern of aggregate output and co-movement of real and monetary aggregates in general equilibrium. A series of basic models used in modern macroeconomics are introduced, with a particular focus on dynamic general equilibrium modelling tools and techniques necessary to build theoretical models.


Mathematical Economics

In this module, you’ll develop a sound basis in the fundamentals of mathematical methods used in economics. You’ll learn to represent economic problems as mathematical problems and to solve them. You’ll learn to apply mathematical techniques in an appropriate manner.


Foundations of Microeconomics: Choice, Markets and Welfare

This is a single semester introductory module in microeconomics; there is no assumption of any prior knowledge of economics. It 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.


Foundations of Macroeconomics: Growth, Cycles and Policy

This is a single semester introductory course in macroeconomics; there is no assumption of any prior knowledge of economics. 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.


Quantitative Economics

This module helps develop your understanding of the fundamentals of mathematics most relevant to the study of economics. It will teach you to see how mathematical tools can be applied in the analysis of theoretical economic problems.


Statistical Methods

This module will introduce you to fundamental statistical concepts. You’ll be introduced to the ideas behind regression analysis through simple linear regression. You’ll learn to apply statistical and graphical techniques in an appropriate manner. You’ll also be introduced to data analysis using Excel. You’ll be expected to complete a series of tasks and solve assignments designed to familiarise you with common challenges faced by professional economists in a business environment and in academia.


Optional modules

Select student type

Entry requirements

3 years full-time

£9,535 per year

Quote marks icon

I’m part of NEFS. In first year, I joined the global economy divisions. We did case studies like what are the big business areas that countries are investing in and we did a presentation on the biggest areas we think countries should focus on in the next 10 years."

Sahar Qureshi

BSc Economics

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