3 years full-time
Interested in finding out more about the national economy and the economic decisions made by organisations? Enjoy testing theories, identifying patterns and finding solutions?
Economies across the world are changing at a rapid rate. This course will teach you the methods used for analysing economic data and equip you with the mathematical and statistical skills to advise businesses on economic policies, predict patterns of behaviour and reduce the risks involved in financial decision making.
The Department was ranked 8th in the UK for 'research power'. (Research Excellence Framework, 2014)
By combining the study of economics with the mathematical and statistically focused area of econometrics, you will learn about current issues in modern-day economic forecasting and analysis whilst developing the analytical, problem-solving and quantitative skills to understand and interpret economic indicators.
Our economics courses share a common first year in which we introduce the key areas that underpin the rest of the course. Years 2 and 3 consolidate and expand upon this knowledge via a series of core and optional study modules which have been developed to give you a thorough understanding of the subject and enable you to tailor the degree to fit your academic and career interests.
The first year provides a broad introduction to all areas of economics, from small scale economic decisions at an individual and local level through to issues that impact upon national and international economies.
● Microeconomics introduces the concepts and tools of economic analysis and develops your understanding of the financial decision-making processes of individuals and organisations. (30 credits)
● Macroeconomics focuses on the issues that affect the economy as a whole, such as employment trends and inflation. (30 credits)
● Mathematics will introduce you to the main mathematical techniques used in economics. (10 credits)
● Probability provides the tools required to understand probability ideas and problems and a foundation for inferential statistics. (10 credits)
● Statistics introduces techniques of statistical inference that are used in economics, business, social sciences and problem solving. (10 credits)
● Economic Data Analysis shows you how to find, use and interpret real economic and financial data. (10 credits)
● Historical Perspectives provides an insight into the economic changes that have shaped the modern world. (20 credits)
In addition to the above you will also need to complete our online Academic Integrity module. This covers some of the essential skills and knowledge which will help you to study independently and produce work of a high academic standard which is vital for success at York.
This module will:
The second year will advance your analytical skills and techniques through study of the following core modules:
● Econometrics provides an understanding of the analysis of economic models using statistical methods, improves your understanding of applied economic articles and develops the skills needed to evaluate and interpret research findings. (20 credits)
● Econometric Theory 1 examines the methods and models integral to the understanding of econometrics, enabling you to grasp statistical theory and gain a comprehension of multivariate random variables. (10 credits)
● Econometric Theory 2 builds upon the knowledge and skills developed in Econometric Theory 1. (10 credits)
● Macroeconomics 2 deepens your understanding of key issues in macroeconomics by introducing the latest models employed by policymakers around the world and developing your capacity for forming critical judgements. (20 credits)
● Microeconomics 2 will introduce you to the most important concepts, methods, tools and techniques of economic analysis and provide a strong basis for advanced economic modules. (20 credits)
● Mathematics 2 introduces some of the most frequently used quantitative methods in economics, equipping you with the techniques and fluency that are essential to analyse and solve a range of economic problems in third year and beyond. (10 credits)
You can tailor your course by choosing 30 credits from a pathway style list of options which may include:
In third year you will take two core econometric-based modules and choose 80 credits worth of optional modules. This approach allows you to personalise your degree to match your interests and career goals.
● Financial and Time Series Econometrics combines Financial Econometrics and Introduction to Time Series. (20 credits)
● Econometric Methods for Research provides an appreciation of the econometric techniques that are widely used in modern economic research, such as multiple linear regression, simultaneous equation models, non-linear models, generalised method of moments and some time series analysis. (20 credits)
Plus options totalling 80 credits, which may include:
Please note that not every module runs in every year.
Our study abroad scheme gives you the opportunity to transfer to one of our overseas partner universities for the second year of the course. By adding an international perspective to your university experience, you can strengthen your CV and improve your standing with employers in a global industry.
There are a number of Study Abroad options at York. Here are some of the many opportunities you'll find here at the University:
All teaching takes place within a large and active department, led by a specialist team of research-active teaching staff. Modules are taught via a series of lectures supported by discussion group seminars and practical classes. We place a strong focus on applying academic theory to real-life situations so, wherever possible, we find ways to incorporate practical work into our teaching to improve planning, teamwork and research skills.
Our academics have links with industry and are knowledgeable about emerging developments in the sector, so you can be sure you’re gaining a well-informed account of the issues and challenges facing the field of economics. In addition, each module has its own area on the virtual learning environment that provides easy access to supporting learning materials.
Assessment varies from module to module and includes a combination of exams, written essays and project work.
Your tutors will give feedback in a variety of forms depending on the specific needs of the module. This may consist of written feedback, in-class discussion, model answers, one-to-one discussions or online responses.
This flexible course has been developed to provide you with the business skills to specialise in economic forecasting and statistical analysis as well as branching out into the wider world of economics. So whether you’re looking for a career in banking, finance, research or management consultancy, career prospects for graduates are excellent.
Following graduation around a third of our students go on to postgraduate study. Many progress to an MSc here at York. The Department of Economics has one of the largest graduate schools in the country for training and research.
In recent years graduates have gone on to work with:
Economics students graduate with a wide range of transferable skills. As well as developing your subject-specific knowledge, an economics degree will equip you with:
● Logical thinking
● Quantitative skills
● Communication skills.
In 2014 90% students were employed or in further studies after 6 months of graduation and 88% of those employed were working in a managerial or professional role.
Alumni from the department include the President of Portugal, Professor Anibal Cavaco Silva, and former Prime Minister of South Korea, Han Seung-Soo, as well as many leading figures in business, finance, and academia.
All applications must be made through UCAS. Accepted applicants will be invited to visit between November and April. That's when you can meet our current students and staff, and your visit can include a one-to-one conversation with a member of academic staff.
AAB including Mathematics at grade B or equivalent
We will only accept either A level Economics or Business Studies, but not both, from candidates who are taking both
Scottish Highers / Advanced Highers: AAAAB at Higher level and AB at Advanced Higher level
BTEC: BTEC Extended Diploma with DDD (may vary for combined programmes)
Cambridge Pre-U: D3, D3, M2
Access to HE: Access to HE Diploma with 30 credits achieved from units awarded Distinction and 15 awarded Merit or higher. We strongly recommend some Level 3 units be taken in mathematical subjects
International Baccalaureate Diploma: 35 points with a minimum grade of 6 points in three Higher level subjects
Irish Leaving Certificate: AAAABB
European Baccalaureate: An overall average of 80%
IELTS: 6.5, with a minimum of 6.0 in each component
Pearson: 61, with a minimum of 55 in each component
CAE and CPE (taken from January 2015): 176, with a minimum of 169 each component
TOEFL: 87 overall, with a minimum of 21 in Listening, 21 in Reading, 21 in Speaking, 21 in Writing
Trinity ISE III: Merit in all components