Economics Department

M ODULE O PTIONS

To assist with Part II Enrolment in the Summer Term

Contains Information about:

● Modules for Economics majors.
● Module options for Economics minors including those that did not
take economics in Part I.

Correct at time of publishing, where changes take places students affected

with be notified as soon as possible.
 Economics Department

Table of Contents

Enrolment Requirements .......................................................................... 1

Minoring with no previous economics...................................................... 2

Year 2 modules with no mathematics or statistics requirement ............ 3

Year 2 modules with a mathematics or statistics requirement .............. 6

Final Year modules with a mathematics or statistics requirement ......10

Final Year modules with no mathematics or statistics requirement ....13

Modules only available where included in Programme Rules…………...19

Places to find information to assist with enrolment ..............................20

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Enrolment Requirements
P ROGRAM ME L EVEL
The compulsory modules on your programme
will be listed online in the online module and
programme catalogue and the requirements
around your optional modules are outlined in
the programme structure information in your
Portal.

M ODULE L EVEL
When modules are taught and the require-
ments to enroll on those modules may not be clear to everyone from the way that the
online module and programme catalogue displays this. This short, basic guide will clarify
the common misconceptions around the modules.
Where an equivalent module would be allowed for a module requirement you must get
approval from the Part 2 Director of Studies for this and will need to provide them with a
course paper / module outline so they can confirm the suitability of the alternate module.
You will want to be mindful of when the module is taught when enrolling so that you have
a consistent workload that will allow you to achieve the best outcomes for yourself during
your studies.
Final Year leveled modules cannot be taken in Year 2.
The Michaelmas Term (Weeks 1-10) is the first term of the year until the December vaca-
tion period. The Lent Term (Weeks 11-20) is the second term of the year and the final
term is the Summer Term (Weeks 21-30).

“OR EQUIVALENT”
Where a module allows an equivalent to replace a prerequisite you will need to contact
the Part 2 Director of Studies (Dr William Tayler) who will determine if you have an equiv-
alent module and/or suitable level of attainment in that module.

G ENERAL A DVICE
I f yo u w a nt t o h av e t h e m o s t f i n al y e a r o p t i o n s a v ai l a b l e t o y o u t h e n
t a k e E CO N 2 07 a n d E CO N 20 8 o r E C O N 22 0 a n d E CO N2 2 2 . S o m e o t h e r
o p t i o n s w i l l r e q u i r e m a t h e m a t i c s o r s t a t i st i c s m o d u l e s b u t h a v i n g s e c -
o n d ye a r Mi c r o e c o n o m i c s an d M a cr o ec o n o m i cs o p en s m a n y o p t i o ns t o
y o u. Re membe r e v en wh en en r ol l i ng for Ye ar 2 t o be c on s i de ri n g y o ur
F i n al Y ea r .
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MINORING WITH NO
PREVIOUS ECONOMICS
THERE ARE ONLY TWO OPTIONS FOR THOSE THAT DID NOT TAKE ECON101 OR ECON102
AND THOSE ARE:

ECON224
REQUIREMENT: YOU DID NOT TAKE ECON101/ECON102 or ECON124.
This is taught in Michaelmas Term and is a level 4 module worth 15 credits.

This course provides an introduction to microeconomics for students majoring in business-

related degrees and covers a range of important topics for understanding the business
applications of economics relating to both consumers and firms behaviour. The course covers:
choice and resource allocation; consumer behaviour and the determinants of demand; firm
production decisions, the determinants of supply, firm cost and revenue curves; the objectives
and impacts of taxes and subsidies; market structure, competition, monopoly and an
introduction to strategic behaviour under oligopoly; market failure – externalities (e.g.,
pollution) and public goods; and employment, wages and the labour market.

ECON225
REQUIREMENT: YOU ARE TAKING OR HAVE TAKEN ECON224
This is taught in Michaelmas Term and is a level 4 module worth 15 credits.

This course is designed primarily for business major students looking to understand the
macroeconomic environment, the current challenges in the global economy and the impacts of
macroeconomic policies on economic activities. The module aims to provide tools, concepts,
and models to guide your decision-making.
The topics it covers include analysis of the long- and short-run drivers of economic activity, the
developments in the labour and financial market and the monetary and fiscal policies. Beyond
a review of key theoretical concepts, the course includes the discussion of case studies that
show the concrete applications of how economic agents are addressing global issues, such as
environmental challenges, financial crisis and debt problems.

If you take both these modules you will have the option to take ECON207,
ECON208, ECON228 and/or ECON230 in your final year.
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ECON207—MICROECONOMIC ANALYSIS
REQUIREMENT: TAKEN ONE OF ECON101, ECON102, ECON124 OR ECON224
This is taught in Michaelmas Term and is a level 5 module worth 15 credits.

This module covers key concepts from microeconomic theory and discusses how they underpin
consumer and firm decision-making. The course starts with an overview of consumer choice,
paying particular attention to the decomposition of price changes. The module also looks into
firm behaviour under differing market structures, different pricing strategies firms with market
power might choose to employ and the welfare implications of these. This material relating to
consumers and producers is brought together under the general equilibrium framework and
the material is extended to examine concepts such as the social welfare function. In the latter
part of the course, attention moves to strategic behaviour and includes material on a game
theoretic approach. The course also covers the importance of hidden information and hidden
action. The material also discusses issues related to the modern business organization. For
example, various models of auctions – eBay being arguably the most famous – are discussed.
The course concludes by examining externalities, public goods, rent seeking and policy. Again,
these issues are of core importance in today’s world covering as they do pollution (and
associated global warming) and who should pay for defence.

You cannot take ECON220/222 if you take this module.

ECON208—MACROECONOMIC ANALYSIS
REQUIREMENT: TAKEN ONE OF ECON101, ECON102, ECON124 OR ECON225
This is taught in Lent Term and is a level 5 module worth 15 credits.

The objective of the course is to show how a real-world phenomenon can be understood by
using macroeconomic models. The course will familiarize participants with the interpretation of
macroeconomic data and will study the implications of economic policies in both a closed and
an open economy environment. By the end of the course, students are expected to be able to
interpret macroeconomic events and address macroeconomic questions by using the concepts
and the methodology conveyed in lectures and tutorials. The course will put emphasis on
major important issues related to economic growth, the causes of economic fluctuations and
the effectiveness of economic policy.
The module requires a knowledge of basic mathematical tools (derivative), logical thinking and
problem solving ability.

You cannot take ECON220/222 if you take this module.

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ECON213—INTRODUCTORY ECONOMETRIC ANALYSIS

REQUIREMENT: TAKEM ECON101 OR ECON102. ONLY AVAILABLE TO ECONOMICS JOINT
MAJORS (INCLUDING PPE) AND THOSE IT IS COMPULSORY FOR. CANNOT BE TAKEN WITH
ECON212/MATH235.
This is taught in Lent Term and is a level 5 module worth 15 credits.

This module provides an introduction to the core concepts and methods of econometric
analysis and their applications in economics and business. More specifically, it examines
different types of economic data and ways to handle them, the specification of econometric
models and their estimation and testing, with a focus on the classical linear regression model.
The approach pursued in the course is an intuitive and practical one, where special attention is
paid to the application of econometric techniques to real-world data, interpretation and
evaluation of the results of the estimation, and the ways in which they can be used to inform
business and policy decisions. An important part of the module is the training in the use of the
specialized econometrics software Eviews.

ECON214—INTRODUCTORY MATHEMATICS FOR ECONOMICS

REQUIREMENT: ONLY AVAILABLE TO ECONOMICS JOINT AND SINGLE MAJORS (INCLUDING
PPE). YOU MUST NOT HAVE TAKEN ECON103 OR MATH100 OR EQUIVALENT.
This is taught in Michaelmas Term and is a level 5 module worth 15 credits.

Economic problems are often addressed using mathematical models. The aim of this module
is to provide students with training in the mathematical skills which are an essential part of the
economist's toolkit. Topics covered will include linear and nonlinear equations, differentiation
and partial differentiation.
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ECON228—GAMES AND STRATEGIC BEHAVIOUR

REQUIREMENT: TAKEN ONE OF ECON101, ECON102, ECON124 OR ECON225
This is taught in Michaelmas Term and is a level 5 module worth 15 credits.

‘This course enhances your strategic thinking skills. You will learn how to use games to model
the real-world strategic situations, and how to analyse and solve these games in scenarios
where players are intelligent and rational. The course covers ‘normal form games’, ‘extensive
form games’, ‘Bayesian games’, ‘games with correlation devices’, ‘repetitive games’, and
‘behavioural games’. There will also be opportunities for playing games with the instructor and
classmates. A basic understanding of algebra, calculus, and economics is necessary for this
course.’

ECON230—ENVIROMENTAL ECONOMICS AND CLIMATE CHANGE

REQUIREMENT: TAKEN ONE OF ECON101, ECON102 , ECON124 OR ECON225
This is taught in Lent Term and is a level 5 module worth 15 credits.

This course provides an introduction to key concepts, tools, and methods in environmental
economics and several key policy applications of these topics. The course aims to provide
students with the ability to think about pressing environmental issues and possible solutions in
terms of choices, trade-offs, and scarcity. The course covers topics such as market failure,
policy tools to combat environmental issues, environmental justice, sustainable development
and wiliness to pay, energy policy, and impacts of natural disasters on the environment and
socio-economic systems.
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ECON211—MATHEMATICS FOR ECONOMICS

REQUIREMENT: ECON101 AND ECON103/MATH100. THIS CANNOT BE TAKEN WITH
MATH271/MATH272.
CAN ONLY BE TAKEN BY ECONOMICS MAJORS (INCLUDING BUSINESS ECONOMICS AND
JOINT MAJORS).
This is taught in Michaelmas Term and is a level 5 module worth 15 credits.

This course integrates economic theory and mathematical methods as a basis for the
construction and use of mathematical models to analyse economic problems. The course
covers matrix algebra - including eigenvalues and eigenvectors – Markov Transition models,
1st and 2nd order difference equations, 1st and 2nd order differential equations, constrained
optimization and comparative statics. This module provides the tools necessary to produce the
rigorous economic analyses that form the core of both microeconomics and macroeconomics.
During the first part of the course, the attention is on the dynamic analysis of systems which is
key to understanding how key economic variables change over time, especially in response to
shifts in government economic policy. The second part of the course studies constrained
optimization which is central to understanding how households and firms make their
consumption and production decisions when faced with limited budgets. Throughout the whole
course we focus our analysis on concrete examples and intuition, with an emphasis on how to
frame economic problems using the mathematical tools you will acquire in the course. We will
require you to apply the concepts learned in class, and to translate informal problems into
formal language.

ECON212—INTRODUCTION TO ECONOMETRICS
REQUIREMENT: ECON101 / ECON102 / ECON225 AND ECON103 / MSCI212 / MNGT213
OR EQUIVALENT. THIS CANNOT BE TAKEN WITH MATH235 OR BY THOSE ON A BUSINESS
ECONOMICS PROGRAMME OF STUDY.
This is taught in Lent Term and is a level 5 module worth 15 credits.

This course provides an introduction to the theoretical concepts and applications of

econometrics. Econometric techniques taught include bivariate regression, multiple regression
and two stage least squares. The importance and relevance of statistical and diagnostic
testing is emphasised in the context of econometrics applications. Students are introduced to
the statistical package Stata, the understanding of which is an integral part of the course.
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ECON220— INTERMEDIATE MICROECONOMICS II

REQUIREMENT: ECON101/ECON102 AND ECON103/MATH100 (OR A-LEVEL
MATHEMATICS)
This is taught in Michaelmas Term and is a level 5 module worth 15 credits.

This course introduces students to the fundamental theoretical tools required to study
microeconomics. It forms core preparation for courses offered in second and third years. The
course requires algebra, elementary calculus, logical thinking, and problem solving ability. The
topics it covers include utility maximization, profit maximization, cost minimization, and
introduction to market structures.

This module can only be taken in Year 2.

You cannot take ECON207/208 if you take this module.

ECON222—INTERMEDIATE MACROECONOMICS I
REQUIREMENT: ECON101/ECON102 AND ECON103/MATH100 (OR A-LEVEL
MATHEMATICS)
This is taught in Michaelmas Term and is a level 5 module worth 15 credits.

This course is designed to extend the knowledge of the principles of macroeconomics which
students acquired in their first year. Although the main focus of the course is on
macroeconomic theory, this is taught within the context of current events in the international
macroeconomic environment. Students are encouraged to use their knowledge of
macroeconomic theory to gain a better understanding of current macroeconomic events and
issues. Topics include: classical and Keynesian views, unemployment, the government budget
constraint, monetary and fiscal policy, Intertemporal macroeconomics and Economic policy in
the open economy.

This module can only be taken in Year 2.

You cannot take ECON207/208 if you take this module.

Where looking to enroll on ECON220 or ECON222 because you have A-Level

mathematics you will need to contact the department as you will not be able to
enroll online based on A-Levels.
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ECON221—INTERMEDIATE MICROECONOMCIS II
REQUIREMENT: TAKING ECON220
This is taught in Lent Term and is a level 5 module worth 15 credits.

This course continues the development of intermediate microeconomic analysis

from ECON 220. The topics it covers include market structures, externalities,
information economics, public goods, general equilibrium and welfare economics.

This module can only be taken in Year 2.

ECON223—INTERMEDIATE MACROECONOMICS II
REQUIREMENT: TAKING ECON222
This is taught in Lent Term and is a level 5 module worth 15 credits.

This course emphasises the application of macroeconomic theory to current policy issues.
Considerable emphasis is placed on the use of analytical tools for gaining a better
understanding of the workings of the macro-economy and the ways in which policy makers
respond to macroeconomic problems. Topics include: unemployment and inflation; adaptive
and rational expectations; policy effectiveness under rational expectations; the economics of
independent central bank; growth theory.

This module can only be taken in Year 2.

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ECON231—ECONOMIC INEQUALITY
REQUIREMENT: ECON101/ECON102 / ECON225 AND ECON103/ECON213/MSCI212/
MNGT213 OR EQIVALENT QUANTS MODULE.
This is taught in Lent Term and is a level 5 module worth 15 credits.

This course aims to expand the knowledge of the students on the topic of inequality
and its connection with the macroeconomy. The course will familiarise the students
with both the measurement and data analysis of inequality and the underlying
theory and a brief introduction to policy solutions. The course aims to stimulate
critical thinking by examining theory and directly applying it to real-world examples
and data. The target is to use a tractable approach to explain key topics on
inequality such as income inequality, wealth inequality and inequality between
factors of production.
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ECON324—ADVANCED MACROECONOMICS
SINGLE MAJOR REQUIREMENT: ECON222 & ECON223 (BOTH MIN AGG 15) OR
EQIVALENT/ ECON208 (MIN AGG 15) OR EQIVALENT AND ECON211 (MIN AGG 9) OR
EQUIVALENT QUANTS MODULE.
JOINT MAJORS: ECON222 OR ECON208 (MIN AGG 15) AND ECON211 (MIN AGG 9) OR
EQUIVALENT QUANTS MODULE.
This is taught in Lent Term and is a level 6 module worth 15 credits.

The course introduces state-of-the-art methods used in current macroeconomic research to

understand short-run business cycle and inflation dynamics, as well as economic stabilisation
policies. We will develop a broad and deep knowledge of modern Dynamic Stochastic General
Equilibrium (DSGE) macroeconomic models that employ microeconomic foundations and
rational expectations. These models will be solved using advanced analytical and numerical-
computational approaches. More specifically, we will use the DSGE neoclassical Real Business
Cycle (RBC) and New Keynesian (NK) frameworks to understand the different sources of
aggregate economic fluctuations, and to examine the effects and roles of fiscal and monetary
policies. Finally, the course examines contemporary issues such as financial frictions,
government debt financing through distortionary taxation, and liquidity traps.
ECON 324 provides a solid foundation for a macroeconomics dissertation, a postgraduate
degree in economics, and advanced research projects in academia, economic think-tanks,
policy institutions, and central banks.

ECON325—ADVANCED MICROECONOMICS
SINGLE MAJOR REQUIREMENT: ECON220 & ECON221 (BOTH MIN AGG 15) / ECON207
(MIN AGG 15) AND ECON211 (MIN AGG 15) OR EQUIVALENT QUANTS MODULE.
JOINT MAJORS: ECON220 OR ECON207 (MIN AGG 15) AND ECON211 (MIN AGG 15) OR
EQUIVALENT QUANTS MODULE.
This is taught in Lent Term and is a level 6 module worth 15 credits.

The course develops advanced topics in the field of microeconomic analysis, with an emphasis
on formal mastery, as well as intuitive interpretation and understanding. Some of the topics
include choice theory, consumer and producer behaviour, general equilibrium, normal and
extensive form games, as well as special topics such as information economics and
mechanism design.

With ECON324 and ECON325 if you fail to meet the pre-requisites after the Main Summer
exam period then you will be dropped from this module and required to select an alternate
module.
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ECON330—ECONOMETRICS
REQUIREMENT: ECON101/ECON102 AND ECON212 OR EQUIVALENT QUANTS MODULE.
This is taught in Lent Term and is a level 6 module worth 15 credits.

This module introduces up-to-date quantitative econometric methods used in applied

research/empirical work. We will discuss various economic applications including “returns to
schooling”, “the effect of minimum wages on employment”, etc. The module will also provide
UG students data analytical skills necessary to conduct applied research in economics/policy
analysis using popular statistical software, STATA. Key topics include linear regression,
instrumental variables, causal inferences, binary choice models, panel data, time series
modelling, and forecasting.

ECON335—ECONOMICS UNDERGRADUATE RESEARCH DISSERTATION

COREQUIREMENT: MUST TAKE ECON330 IN THE SAME YEAR.
REQUIREMENT: ECON212 OR EQUIVLENT QUANTS MODULE, AND HAVE A MIN AGG 15 IN
ONE OF THE FOLLOWING PAIRS OF MODULES ECON207 & ECON208, ECON220 &
ECON221, ECON222 & ECON223, OR ECON220 & ECON222.
THIS MODULE CANNOT BE TAKEN WITH ECON350
This is taught across Michaelmas and Lent Term and is a level 6 module worth 15
credits.

This dissertation allows you the opportunity to pursue a research project supervised by a
member of the department. The module includes a small number of introductory sessions
covering topics such as dissertation preparation, choosing a topic and analytical methods. The
majority of students on this module undertake a piece of applied work that uses their skills in
both economic theory and econometrics. A small number have pursued work of a more
theoretical nature. Recent topics have included:

Is it worth having a PhD?

The impact of COVID-19 on the stock market.
The economic impact of Brexit.
The right-to-work, unionization and wages.
Financial investment and football club performance.
A new approach to the prisoners’ dilemma.
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ECON336—CURRENT ISSUES IN ECONOMICS

REQUIREMENT: ECON207 & ECON208 / ECON220 & ECON222 AND ECON212/ECON213/
MATH235 OR MSCI212
This is taught across Michaelmas and Lent Term and is a level 6 module worth 15
credits.

This module is designed to promote independent learning and to allow students to use the
knowledge and skills acquired during the first two years of their degree programme to
understand and analyse contemporary policy issues and to be able to independently produce
both written and verbal reports on a current policy topic which would be accessible to policy
makers and senior managers in both the private and public sectors. The material for the
course will be built around contemporary issues. Indicative examples of these include:
Is government debt a burden for future generations? What is the value of a degree?
How are interest rates set? Business support during the pandemic: essential support or
fraud?
How should we pay for social care? How can we help the long-term unemployed?
The module will run across Michaelmas and Lent term when specialist talks and discussions
will take place. Students will also receive one-to-one training on presentational skills. The
module will be assessed purely on coursework which will comprise of a written report and a
podcast which will also serve to enhance confidence at interviews.

ECON337—DATA SCIENCE IN ECONOMICS

REQUIREMENT: TAKEN ONE OF ECON101,ECON102,ECON225 (MIN AGG 9)AND ONE OF
ECON212,ECON213,MATH235. (MIN AGG 15).
This is taught across Michaelmas and Lent Term and is a level 6 module worth 15
credits.

Data science is rapidly changing the role of information technology in society and in many
sectors in which economists work. Machine learning and big data methods have become
popular tools throughout academia, government, industry, and beyond. This module introduces
students to big data and machine learning techniques with a focus on economics applications.
Such techniques already have an important impact on the field of economics for modelling
economic relationships, drawing causal inferences and making predictions, and they will soon
become a standard toolbox for economists.
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ECON321—SPORTS ECONOMICS
REQUIREMENT: TAKEN ONE OF ECON207 OR ECON220.
This is taught in Lent Term and is a level 6 module worth 15 credits.

This course aims to provide students with detailed understanding of the application of
theoretical and empirical methods to the field of sports, and to explore policy issues impinging
on competitive balance and uncertainty of outcome in professional team sports leagues. The
course requires the knowledge of basic analytical tools including graphs, calculus, basic
algebraic manipulation and appreciation of econometric and other evidence. By the end of this
module, students will have enhanced their knowledge of applied microeconomics as applied to
the sports sector. The module aims to enhance student ability to undertake logical and
structured problem-based analysis, to present clearly technical material relevant to the sector
and to appraise actual economic problems facing stakeholders and policy makers.

ECON322—HEALTH ECONOMICS
REQUIREMENT: TAKEN ONE OF ECON207 OR ECON220.
This is taught in Michaelmas Term and is a level 6 module worth 15 credits.

The purpose of this course is to introduce students to the economics of health and health care.
The course provides a comprehensive set of economic tools to critically appraise fundamental
issues in the economics of health while offering a broad overview of the UK National Health
Service and other health care systems around the world. The emphasis is on the use and
interpretation of microeconomic models and the most current empirical evidence.
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ECON323—PUBLIC POLICY ANALYSIS

REQUIREMENT: TAKEN ONE OF ECON207 OR ECON220.
This is taught in Lent Term and is a level 6 module worth 15 credits.

Public policy analysis is the study of government's role in the economy. It involves examining
both its normative and positive aspects. To gain a comprehensive understanding, we look at a
combination of theories, empirical findings, and real-world examples. We begin by focusing on
public goods such as water, transportation, and other infrastructure that the government can
provide directly or in collaboration with the private sector. This include looking at the practice
of regulators, as well as cost-benefit analysis. We evaluate the trade-off between efficiency
and fairness, then examine state financing, including theories of optimal taxation and recent
research on tax evasion and avoidance. Finally, we delve into the internal structure of
government, exploring political economy and fiscal federalism.

ECON326—MONETARY MACROECONOMICS
REQUIREMENT: TAKEN ONE OF ECON208 OR ECON222.
This is taught in Michaelmas Term and is a level 6 module worth 15 credits.

The course covers the foundations of monetary economics. Starting from an overview of the
evolution of the study of monetary policy, the course introduces students to the analysis of
simple models in which knowledge of microeconomic and macroeconomic theory are
combined in order to understand the role of monetary policy. In the second part of this course
students will focus on applications of monetary theory to central banks problems and the
recent objectives of the Bank of England Monetary Policy Committee. Topics include: the role
of the central bank, inflation targeting and the zero lower bound on interest rates, money
creation and quantitative easing and the macroeconomics of pandemics.
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ECON327—LABOUR ECONOMICS
REQUIREMENT: TAKEN ONE OF ECON207 OR ECON220.
This is taught in Michaelmas Term and is a level 6 module worth 15 credits.

This course focuses on the microeconomics of labour. It covers topics such as

labour supply, labour demand and labour market policies such as national
insurance contributions and minimum wages. The second part of the course focuses
on education economics, unemployment, unions, migration, labour market
discrimination, and inequality issues. The last topic explored falls within the area of
personnel economics with a particular emphasis on principal agent problems in
human resources and the design of incentives within firms.

ECON328—EXPERIMENTAL AND BEHAVOURIAL ECONOMICS

REQUIREMENT: TAKEN ECON228 AND ONE OF ECON207 OR ECON220.
This is taught in Lent Term and is a level 6 module worth 15 credits.

This course will introduce students to the field of Behavioural and Experimental Economics.
The course provides the necessary skills to study how the standard rationality assumptions
can be relaxed in order to account for psychological and cognitive biases as well as social
preferences. In addition, it introduces students to the tool of experimentation in economics as
a means of collecting data to test the various economic theories. Some of the topics include
behavioural finance rational emotions, nudging, choice under risk, time preferences, social
preferences and behavioural game theory.
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ECON331—INDUSTRIAL ORGANISATION
REQUIREMENT: TAKEN ONE OF ECON207 OR ECON220.
This is taught in Lent Term and is a level 6 module worth 15 credits.

This module builds on basic microeconomics concepts to explore competition between firms
and the evolution of market structure. It focuses on understanding the way firms make
decisions and the effects of those decisions on market outcomes like prices, quantities, the
type of products offered, and social welfare. The module first introduces basic concepts in
Industrial Organization to study imperfect competition and the determinants of market power.
It then proceeds to analyse important topics in competition policy, such as cartels and merger
policy. The module requires understanding of intermediate microeconomics (especially
production/cost theory), basic concepts of game theory, and basic calculus.

ECON332—DEVELOPMENT ECONOMICS
REQUIREMENT: TAKEN BOTH OF ECON207 & ECON208 OR ECON220 & ECON222.
This is taught in Lent Term and is a level 6 module worth 15 credits.

This course focuses on the economics of growth and development, both from a theoretical and
empirical perspective. Using examples from developing countries, it explores wide-ranging,
policy relevant topics such as investments in health, education and infrastructure,
microeconomics of credit markets, corruption, and other determinants of economic
development.
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ECON333—INTERNATIONAL TRADE
REQUIREMENT: TAKEN BOTH OF ECON207 & ECON208 OR ECON220 & ECON222.
CANNOT BE TAKEN BY STUDENTS TAKING THE SUN YAT-SEN 2+2 PROGRAMME OF STUDY.
This is taught in Lent Term and is a level 6 module worth 15 credits.

This module develops your understanding of concepts and theories of international trade and
factor flows, with particular reference to the way in which such material can inform
policymaking. Topics covered include the Ricardian model, the Heckscher-Ohlin model,
international trade under imperfect competition, outsourcing and offshoring, trade models
based on heterogeneous firms and multinational firms, and trade policy under perfect and
imperfect competition. Throughout the module we emphasise the applicability of the models
learned, and their relevance to real-world events. Examples include the relationship between
labour productivity and wages, opinions toward free trade, and the impact of immigration.

ECON334—INTERNATIONAL BUSINESS
REQUIREMENT: TAKEN BOTH OF ECON207 & ECON208 OR ECON220 & ECON222.
This is taught in Lent Term and is a level 6 module worth 15 credits.

This course is concerned with the analysis of the international business environment along
with the determinants and challenges facing internationalising firms. Topics covered include:
the drivers of globalisation, key elements of first and second waves of globalisation; major
trends in the global economy – growth, trade and foreign direct investment (FDI); the
globalisation of R&D and innovation, current trends in global R&D; explanations of
international competitive advantage, investment and production; global strategic behaviour;
the emergence of the ‘global factory’; global value chains; out-sourcing, offshoring and the
home- and host-country impacts of international business, including spillovers; international
business risk, exchange rates, international business financial management, transfer pricing
and the international cost of capital.
 Economics Department Page 18

FINAL YEAR LEVEL 6 MODULES WITH NO

M AT H E M AT I C S O R S TAT I S T I C S R E QU I R E M E N T

ECON350—BUSINESS PLACEMENT DISSERTATION

REQUIREMENT: MUST BE ON A (INDUSTRY) PROGRAMME OF STUDY.
This is taught across Michaelmas and Lent Term and is a level 6 module worth 15
credits.

This course equips students with experience of work within a business environment.
Students are expected, not only to acquire knowledge of business problems and
practices, but also experience of interpersonal relationships within a business
context.

As such you will produce a dissertation based on material from your industry
placement.
 Economics Department Page 19

Modules only available where included

in Programme Rules
Some modules are only available to students whose programmes list it as either
compulsory or as something that can be used to complete they programme, in most
cases these modules will only be available on programmes including Economics in
the title however if in doubt check with your administering department.

Such modules include:

ECON211 (Mathematics for Economics)
ECON212 (Introduction to Econometrics)
ECON213 (Introductory Econometric Analysis)
ECON214 (introductory Mathematics for Economics)
 Page 20

P L AC E S T O F I N D I N F O R M AT I O N
T O A S S I S T W I T H E N RO L M E N T
Your Portal will have details about your programme choices and any limitations or
requirements on your choices (i.e. 60 credits each year on BA Economics, Politics
and International Relations must be Economics and the other 60 credits a
combination of Politics and International Relations modules.

The online programme and module catalogue has information on your degree and
on the modules in the university, please be mindful that the way certain information
from University records is display may not be clear (i.e. modules all showing end
dates in Summer Term due to revision sessions).

There will have been a talk (and/or videos) about Part 2 enrolment and these will be
available on Moodle (where events were in person they will be made available on
Moodle afterwards).

You can also contact an Undergraduate Coordinator via

UG_Economics@lancaster.ac.uk or contact your academic tutor for advice around
the academic pros and cons of pursuing certain modules and how they may fit with
your longer term goals and aspirations.

If you want to confirm if you have an equivalent module then please contact the Part
2 Director of Studies.

Academic Tutors
Dr Yuting Bai—y.bai1@lancaster.ac.uk
Dr Roy Zilberman—r.zilberman@lancaster.ac.uk

Part 2 Director of Studies

Dr William Tayler—w.tayler@lancaster.ac.uk

UG Programme Coordinators
Mrs Beth Irwin
Mr Craig Becker