In choosing to study the very popular Economics Degree (L100) at Aberystwyth University you will be part of a department that makes world-leading contributions to research and practice. Through your Economics Degree you will focus on the principles of economics and the study of choices and their implications made by individuals, companies and governments when faced with scarce resources. Whilst studying this dynamic subject you will learn about the hottest up-to-date topics in the field. In addition to the core subject knowledge and key skills specific to the discipline, a varied range of teaching styles and practical exercises will equip you with generic skills in research, analysis, reporting and practice - powerful tools with which to pursue your chosen career. Expand the sections below to find out more...
The Economics degree focuses on a wide range of issues impacting on every-day life including the creation of employment, inflationary pressures, international trade issues, the process of business competition, innovation and growth, the development of third world countries, the protection of natural resources and government policy-making. This programme has been developed to equip you with a multidisciplinary understanding of Economics, in an approach that is increasingly emphasized and valued by employers.
Why study Economics at Aberystwyth?
In choosing to study Economics you will engage with a dynamic subject, which is fundamental to understanding not just the operations of business and commerce, but the organisation and functioning of societies.
The School of Management and Business has an excellent reputation for the quality of its courses and for the success of its graduates across a wide variety of careers and contexts. The most recent figures for the National Student Survey show a very high satisfaction rate with the course, so you can be sure that you will receive a quality learning experience at Aberystwyth.
Our lecturers are actively engaged in academic and policy-oriented research and consulting. Many have a business, as well as an academic, background allowing us to inform you of the latest developments in your subject area and pass on a practical awareness of the contemporary business environment. Our programmes are supported by visiting speakers who also bring their professional experience to the classroom.
Research underpins our teaching. Our academic staff publish their work in leading academic journals and regularly act as consultants to a range of organizations. In the most recent Research Assessment Exercise (2008) 60% of research submitted by the Department was rated as being internationally recognised, with 25% being rated internationally excellent.
As well as being active researchers, our lecturers have a professional economics background, so that by applying their real-world knowledge to theoretical concepts, your learning experience is firmly located in the context of proper professional practice. We also believe strongly in a teaching model which requires active student involvement rather than passive information-gathering, ensuring that you can meet the demands of potential employers on graduation.
We have arrangements with many partner universities overseas to deliver short academic programmes (2 weeks) to small groups of management and business students (on a self-funding basis), to enable you to experience the impact of the cultural environment when conducting business abroad. If you are interested in learning about the Chinese business mind, economic development in Russia or financial systems in Japan, then this is definitely an opportunity not to be missed!
Blwyddyn 1 Craidd (90 Credydau) You must pass a minimum of 100 credits to proceed to Part 2
Economic Principles And Skills 1 EC10120
Hot Topics In Economics EC11110
Mathematics For Economics And Finance 1 MA12610
Introduction To Financial Management AC10710
Economic Principles And Skills 2 EC10320
Statistics For Economists EC10910
Mathematics For Economics And Finance 2 MA13610
Blwyddyn 1 Dewis agored You must take 30 credits of Economics and related modules
Blwyddyn 2 Craidd (60 Credydau) EC30220 or EC30320 must be passed with a mark of 40 or better to be awarded a degree
Intermediate Microeconomics; Consumers And Producers EC30220
Introduction To Econometrics EC30900
Blwyddyn 2 Dewis agored 60 credits of Economics and related modules.
Blwyddyn Olaf Craidd (60 Credydau) You must take:
Blwyddyn Olaf Dewis agored 60 credits of Economics and related modules.
A degree in Economics is highly rated by employers and on average attracts particularly high levels of graduate salaries. Specialist career pathways include chartered accountant, chartered certified accountant, chartered management accountant, chartered public finance accountant or economist. Other options include investment analyst, financial risk analyst and actuary, or areas within the Civil Service, Diplomatic Service or local government.
Studying for a degree in Economics will equip you with a range of transferable skills which are highly valued by employers. These include:
• enhanced numerical skills
• the ability to research, interpret and analyse business and financial data
• the ability to express ideas and communicate information in a clear and structured manner, in both written and oral form
• effective problem-solving
• analytical and creative thinking skills
• the ability to work independently
• time-management and organisational skills, including the ability to meet deadlines
• self-motivation and self-reliance
• team-working, with the ability to discuss concepts in groups, accommodating different ideas and reaching agreement
In addition you will gain:
• an understanding of organisational behaviour and structure
• an appreciation of the causes and effects of economic and other external changes
Year in Employment scheme (YES)
The University operates a Year in Employment Scheme (YES), which offers you a fantastic opportunity to take a year out between your second and third year to work in an organisation in the UK or overseas. YES provides a very rewarding and worthwhile experience, both personally and professionally, and can help you to stand out from the crowd in a very competitive job market. The University’s Career Service will help you to explore your options and secure a suitable work placement.
GO Wales is administered by the University’s Career Service, working with local businesses to create paid work placements of a few weeks’ duration for students. It gives you the opportunity to gain valuable work experience which will enhance your CV and make you more attractive to potential employers.
What will I learn?
In the first year you will develop an understanding of the economic principles which will underpin your study throughout the three years of your degree. Modules in economic mathematics and statistics, and economic principles and skills provide you with a range of fundamental aptitudes which will enable you to reach your full your potential throughout the three years of your degree and beyond. No prior knowledge is assumed or is necessary.
In the second year you will have the opportunity to apply the economics principles learned in your first year to the policy implications of economic theory. You will develop your understanding of economic interpretation, combining the study of applied and theoretical aspects of the subject in core modules on macroeconomics, microeconomics and econometrics. Elective modules will enable you to focus on the areas of most interest to you.
In the third year you will build on your core understanding of microeconomics and macroeconomics, while sharpening your skills through consideration of particular applications of economic theory. You will develop a deeper understanding of the latest research in economics through advanced economics topics, while the compulsory independent research project provides you with the opportunity for an in-depth investigation into an appropriate topic and allows you to specialize in a particular aspect of economics that interests you most.
How will I be taught?
Core material is delivered through lectures, and reinforced by small-group seminars and tutorials. These will help you to deepen your understanding of the subject matter and develop a range of essential, transferable skills. Group-working and delivering presentations will help you to improve your communication and leadership skills. All modules are backed up by electronic resources to help you study beyond the classroom, and a wealth of printed texts is available in the University library, and the National Library of Wales, which is situated next to the main campus.
You will be assessed by a variety of methods, including examinations, assessed essays, reports, projects and presentations. Coursework will develop your capacity to research, analyse and present data clearly and coherently, while seminars will help you hone your presentation and communication skills.
You will be assigned a personal tutor throughout your degree course, who will help you with any problems or queries, whether these are academic-related or personal issues. You should feel free to contact them at any time for help and advice.
You will also have the opportunity to complete a Personal Development Plan (PDP) at Aberystwyth. This is a structured process of self-appraisal, reflection, and planning, which will enable you to chart your personal, academic and professional development throughout your time at university. By recording your academic performance, and highlighting the skills you already have and those you will need for future employability, the PDP portfolio will equip you with the necessary tools to plan effectively, develop successful approaches to study, and consider your future career options and aspirations.
What I love about my course is its scope, broadness and the fact that there is probably no area which is not intertwined with it. Patryk Szostak
I enjoy learning about how the economy works. How money isn't just printed out at anytime, but is controlled by the government. Economics allows me to understand the fundamental problems that all societies face. Moreover, it focuses on the interaction of the market and people, how economic agents behave or interact, and how the economy works. Fon Yih Young