BAcc/BSc/ (Economics )

In studying economics you will learn how individuals and society make choices about how scarce resources are used, what products are produced and who gets to consume them. These choices depend on evaluating costs, benefits, risks and effects on others.

You will study the principles of microeconomics and macroeconomics and will have the opportunity to develop an interest in fields such as government policy, developing countries, the economics of business and international trade and finance.

Triple-crown accreditation signals the Adam Smith Business School meets the highest global standards in education and research. This recognition validates the quality of education provided and enhanced graduates’ employability, placing us in the top league of international business schools.

Year 1
You will study:

• Introduction to the Principles of Microeconomics
• Introduction to the Principles of Macroeconomics
• Introductory Mathematics.

Year 2
You will study:

• Intermediate macroeconomics
• Intermediate microeconomics
• Introductory mathematics and Introductory statistics (continued).
• Alongside Economics, you will be required to study an additional two subjects in years 1 and 2: see Flexible degrees.

Years 3 and 4

• If you progress to Honours (years 3 and 4), you will take advanced courses in microeconomic analysis and macroeconomic analysis. There is also the opportunity to take courses in econometrics, which involves the statistical techniques of economic analysis.

You will also choose courses from a range of electives on specific topics to develop your analytic understanding of key aspects of economics and government policy formulation, putting the skills you have developed into action. Specialist subject areas may include:

• Alternative perspectives on topics in economics
• Behavioural economics
• Economic geography
• Economics of banking
• Economics of business
• Economics of health
• Economics of history
• Economics of poverty, discrimination & development
• Environmental economics
• Financial markets and asset pricing
• Financial markets & corporate finance
• Game theory
• International trade/finance
• Labour economics
• Mathematical methods
• Public economics.

You can structure your studies to select and combine subjects relevant to your individual career path. You will also research and write a dissertation in your final year.

Career prospects
Our graduates develop skills in research, analysis, communication, teamworking, decision making and problem solving. Recent graduates have been employed, among many other organisations, by:

• Ernst & Young
• Morgan Stanley
• Shell
• Scottish Government
• National Australia Group Europe
• Hays plc.

Accreditation

• The Adam Smith Business School has specialised international accreditation from the Association to Advance Collegiate Schools of Business (AACSB). Our teaching provision is accredited by the Association of Business Schools and the Association of MBAs (AMBA). We have also been awarded accreditation under the European Quality Improvement System (EQUIS), operated by the European Foundation for Management Development (EFMD). The triple-crown accreditation puts us in the top league of international business schools.