Economics BSc (Hons)

Taught by academic staff with an abundance of professional industry experience who utilise the latest economic thinking, this programme will help you develop a high level quantitative and analytical skills in any of our three pathways: Economics, Finance or Data and Econometrics.

Our Economics programmes are ranked 5th in the Russell Group for teaching quality, 8th in Russell Group for student experience and have an overall ranking of 15th from 71 providers. (Times Good University Guide 2023).

Studying Economics at Liverpool will enable you to build a thorough understanding of current economic and financial issues. Our programme will help you develop a high level quantitative and analytical skills in any of our pathways: Economics, Finance or Data and Econometrics.

From your first year of study you will start to build a strong foundation in economics, statistics and mathematics and upon successful completion of your final year you will have a thorough understanding of a wide range of theoretical tools used in economics and where applicable, in finance.

What You'll Learn:

• Develop economic thought
• Gain professional skills and employment preparation
• Understand economic and business statistics
• Mathematical economics
• Financial risk management
• Principles of microeconomics and macroeconomics
• Econometrics
• Financial accounting

Accreditation:

The University of Liverpool Management School holds accreditation from AACSB, AMBA and EQUIS. This makes it one of an elite group of institutions worldwide to hold the gold standard triple accreditation.

Our Economics course is accredited by the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA).

Syllabus:

• Your first year at Liverpool will give you a strong foundation in economics, statistics and mathematics, and equip you with the qualitative and quantitative techniques needed to address economic issues.

• Year 1:
• In year one, students on the Economics pathway can do either ACFI101 or ECON159 in semester one. In semester two they can do either ACFI102 or ACFI103.
• Students on the Finance pathway must complete all compulsory modules listed and ACFI101 and ACFI103.
• Students on the Data and Econometrics pathway must complete all compulsory modules listed and ECON159 and ACFI103.
• Compulsory Modules
• Development Of Economic Thought (econ128)
• Mathematical Economics (econ113)
• Principles Of Macroeconomics (econ123)
• Principles Of Microeconomics (econ121)
• Professional Skills And Employment Preparation (econ170)
• Statistics & Data Analysis For Economics And Business (econ112)
• Optional Modules
• Global Economic (and Business) Environment (econ159)
• Introduction To Financial Accounting (acfi101)
• Introduction To Finance (acfi103)
• Introduction To Management Accounting (acfi102)
• Year 2:
• In your second year of study, you will build upon your first year modules in microeconomics and macroeconomics and you will be introduced to the study of econometrics, a key area for anybody working in economics or planning to study economics at postgraduate level.
• In year two, students on the Economics pathway must take the compulsory modules listed. Students can take ECON217 or ECON215 in semester one. In semester two students can do either ECON211 or ECON241 or ECON251.
• Students on the Finance pathway must take the compulsory modules listed. Students can take ECON211 or ECON241 or ECON251 in semester two. ACFI204 is a compulsory module on this pathway only.
• Students on the Data and Econometrics pathway must take the compulsory modules listed and ECON215 in semester one.
• Compulsory Modules
• Econometrics 1 (econ212)
• Microeconomics 1 (econ221)
• Macroeconomics 1 (econ223)
• Econometrics 2 (econ213)
• Microeconomics 2 (econ222)
• Macroeconomics 2 (econ224)
• Financial Management (acfi204)
• Optional Modules
• Analysis Of Big Data: Programming, Data Management & Visualisation (econ215)
• Mathematical Economics 2 (econ211)
• Securities Markets (econ241)
• Behavioural Economics (econ251)
• Economics Of Diversity & Inclusion (econ217)
• Year 3:
• In your final year you will take more advanced economics modules and have the opportunity to apply what you have studied to contemporary issues.
• In year three, students on all pathways must take ECON342.
• Students on the Economics pathway must take three optional modules in semester one. In semester two students must take ECON343 or ECON346 and three optional modules. ACFI321 and ECON310 are not available on this pathway.
• Students on the Finance pathway must take ECON304 and must take two optional modules in semester one. In semester two students must take ACFI342 and ECON343 or ECON346. Students must take a further two optional modules.
• Students on the Data and Econometrics pathway must take ECON308, ECON312 and one optional module is semester one. In semester two students must take ECON311, ECON317 and ECON343 or ECON346. Students must also take one further, optional module.
• Compulsory Modules
• Advanced Microeconomics (econ342)
• Optional Modules
• Creative Sector Economics (econ362)
• Economics Of Banking (econ323)
• Financial Crises And Defaults (acfi319)
• Quantitative Financial Economics (econ308)
• Game Theory (econ322)
• Industrial Organisation (econ333)
• International Trade (econ335)
• Issues In Development Finance (acfi317)
• Methods Of Economic Investigation 2: Microeconometrics (econ312)
• Methods Of Economic Investigation 1: Time Series Econometrics (econ311)
• The Economics Of Developing Countries (econ306)
• Capital Markets (acfi321)
• Contemporary Issues In Economic Policy (econ330)
• Health Economics (econ326)
• Sports Economics (econ328)
• Derivative Securities (econ310)
• Applied International Macroeconomics (econ346)
• Behavioural Finance (econ321)
• Advanced Macroeconomics (econ343)
• Environmental Economics And Sustainability Policies (econ315)
• Advanced Econometric Methods: Data Project (econ317)
• World Economic History (econ357)
• Business Finance (econ304)
• Financial Risk Management (acfi342)