ÌÇÐÄÔ­´´

Industrial Economics

BSc Hons UCAS Code

Course overview

How do businesses stay competitive in fast-moving markets? Why do some firms dominate their industries while others fail? How do decisions on pricing, innovation, and strategy shape business success?ÌýÌý

Our BSc Industrial Economics gives you a unique opportunity to explore how economics applies to real-world business challenges. You’ll learn how firms operate in competitive markets, how government policies shape business decisions, and how data can be used to drive innovation and strategy.

Combining the rigour of an economics degree with practical insights into firms, markets, and competition, this course equips you with the skills and knowledge to understand and influence the decisions that shape today’s global economy. Established over 75 years ago, our BSc Industrial Economics has a proven track record of producing influential leaders across industries, including Kevin Ellis (PwC UK), Sir William Adderley (Dunelm) NS Sir William Timpson CBE (Timpson).

You can deepen your experience through optionalÌýstudy abroadÌýopportunities at the university's campuses in China or Malaysia, or our partner universities. You can also apply for this course with anÌýintegrated placement year..ÌýYou'll join - and be able to tap into - the Business School's global community of over 27,000 graduates. Meanwhile, our Small Business Charter accreditation reflects our commitment to supporting local enterprise, helping to place students with start-ups and micro-businesses.

Why choose this course?

Teaching and learning

Modules

Core modules

5 modules

Introduction to Economics

This module introduces you to microeconomics and macroeconomics. This module introduces you to the microeconomic theory of the market and the firm. Topics covered include:

  • market demand
  • supply and equilibrium
  • firm production and costs
  • market structure
  • perfect competition
  • monopolistic competition
  • oligopoly and monopoly

This module introduces you to the nature and scope of the macroeconomic policy agenda, and develops the analytical frameworks necessary for the evaluation of policy instruments. The module enables you to understand the economic arguments that under-lie different views and to evaluate relevant arguments.


Microeconomics for Business

Explore essential economic concepts for understanding market dynamics and decision-making. This module covers trade benefits, consumer theory, intertemporal consumption, factor markets, welfareÌýeconomicsÌýand decisionÌýmaking in uncertain scenarios, providing a robust understanding of economic principles.


Foundational Skills for Economic ÌÇÐÄÔ­´´

This module equips students with skills to succeed in the study of economics and beyond. With the help of examples and digital tools, students are introduced to the foundations of working with data, from understanding different data types and sources to visualising and interpreting data. The module fosters critical awareness of ethical issues in the production and use of data with questions about bias, transparency and sustainability.


Quantitative Methods 1B

Develop your skills in mathematical and statistical techniques with topics like calculus, confidence intervals, hypothesis testing, partial differentiation, optimisation, probability, randomÌývariablesÌýand sampling distributions. This module equips you to tackle quantitative challenges in economics and business.


Entrepreneurial Ingenuity

In this module, you'll explore the link between creativity and entrepreneurial action through both theoretical frameworks and practical applications. You'll delve into key entrepreneurial concepts while developing a hypothetical but feasible business idea deploying the Ingenuity Process.


Optional modules

Select student type

Entry requirements

3 years full-time

£10,050 per year

Quote marks icon

I learned how important communication is and to look at things as an opportunity. I discovered how a large business operates and how to navigate it. I had to be versatile and adapt."

James Andrews

BSc Industrial Economics

Careers

Accreditation

Compare this course

Discover life at Nottingham

From financial support to student life and accommodation, discover more about the Nottingham experience.

Welcome to your campus

At Jubilee Campus, striking architecture, sustainable design and a lively student community create an inspiring space to learn, connect and thrive. From lakeside walks to coffee catch-ups and gym sessions, this modern campus offers an ideal blend of energy and tranquillity – a place where ideas flourish and ambitions take shape.

Ready to help

Head to our Help and Support hub for frequently asked questions and details of how to get in touch.