Economics BSc (Hons)

What makes some countries richer than others? How can we measure inequality or the impact of climate change, and what should we do about it? What makes a business successful? Are education or healthcare investments like other investments?<br/><br/>As a student who is comfortable and fluent in mathematics, BSc Economics provides you with the analytic skills and intellectual toolbox to help answer these pressing economics questions and many more. You will learn how to interpret data, understand (and quantify) the decisions made by individuals, organisations, and governments and evaluate economic policies.<br/><br/>**Course overview**<br/>BSc Economics begins by introducing the foundational principles of economic theory. The BSc then provides quantitatively rigorous training in economics. Whether your goal is to use economics in the business world or reshape public policies, this course is flexible enough to allow you to pursue either.<br/><br/>You will cover the fundamentals of economic theory and practice, and as your degree progresses and you discover more about both the subject and yourself, you will have the opportunity to flex this degree in ways that speak to your changing interests and strengths. This might lead you to choose modules in:<br/>- Econometrics<br/><br/><br/>- Environmental economics and policy<br/><br/><br/>- Advanced macroeconomics<br/><br/><br/>- Experimental and behavioural economics<br/><br/><br/>Amongst many other specialisations. This leads to a degree unique to you, where you have played a major part in building the degree you want.<br/><br/>**Key facts**<br/>Your economics module choice can also be combined with modules in<br/>- Accounting<br/><br/><br/>- Finance<br/><br/><br/>- Politics<br/><br/><br/>- International relations<br/><br/><br/>and many more, such that you can complement your economics pathway in its own unique way. You do not need an A level in Economics to enrol in any of our degrees, although the BSc Economics does require A level Maths.<br/><br/>Throughout your degree, we’ll supply training in CV writing, interview assessment centres and telephone interviews. We are proud of our aspiring economists and aim to nurture the potential in every one of them.<br/><br/>**Course outcomes**<br/>BSc Economics offers a grounding in the fundamentals of economics. The most powerful aspect of economics is that it teaches a way of thinking which can then be applied to a specific field. You need specific knowledge and skills if you want to be a government economist advising on tax or social/welfare costs. The same is true for a career in finance. You need specific finance models – how much to invest here or advise clients to invest there. But the mode of thinking is the same for both: it is the critical, disciplined way of thinking that you will get from an Economics degree at Lancaster University. Economics opens up the world because the critical and analytical thinking skills it inculcates apply to whatever your passion; politics, finance, the trading floor, or working for a Non-governmental organisation; all use the same skills.