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BSc International Economics (4 Years Including Foundation Year) - in Clearing

Why we're great

  • We equip you with the necessary knowledge and skills to succeed at Essex and beyond.
  • Our international students benefit from a single visa for all four years of study.
  • Small class sizes allow you to work closely with your teachers and classmates.

Course options2016-17

UCAS code: L161
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: International Academy
Fee (Home/EU): £9,000
Fee (International): £11,350
Subsequent years will be charged at the standard undergraduate degree fee for international students.

UCAS code: L161
Duration: 4 years
Start month: January
Location: Colchester Campus
Based in: International Academy
Fee (Home/EU): £9,000
Fee (International): £11,350
Subsequent years will be charged at the standard undergraduate degree fee for international students.

Clearing enquiries

Telephone 01206 873666
Email clearing@essex.ac.uk

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About the course

Our BSc International Economics (including foundation year) is open to Home, EU and international students. It will be suitable for you if your academic qualifications do not yet meet our entrance requirements for the three-year version of this course and you want a programme that increases your subject knowledge as well as improves your English language and academic skills.

This four-year course includes a foundation year (Year Zero), followed by a further three years of study. During your Year Zero, you study four academic subjects relevant to your chosen course as well as a compulsory English language and academic skills module.

You are an Essex student from day one, a member of our global community based at the most internationally diverse campus university in the UK.

After successful completion of Year Zero in our International Academy, you progress to complete your course with our Department of Economics. Our course gives you a solid grounding in economics with a focus on international areas such as world trade, world economy, international monetary relations and the flow of trade and assets between countries

You develop your abilities in economics and gain confidence in applying them to international situations, as well as receiving expert training in quantitative research methods, through study of topics including:

  • Models of international trade and the world trading system
  • Foreign exchange markets
  • The history of European overseas trading
  • International financial organisations
  • The impact of business decisions on products, prices, and social welfare

We are rated consistently highly for student satisfaction and are top 5 in the UK for research, with over 90% of our research rated as “world-leading” or “internationally excellent” (REF 2014).

Your education is inspired and informed by this pioneering research, so that you graduate with a strong training in economics.

Our expert staff

Our staff all have strong subject backgrounds, and are highly skilled in their areas both as academics and practitioners.

Within our Department of Economics, you are taught by the most prominent economists. Our researchers are at the forefront of their field and have even received MBEs, with students coming from across the globe to study, research or work with us. Our Department of Economics is a richly diverse home to staff and students from all over the world who have a strong sense of belonging and want to think, learn and change the world together.

Many of our researchers also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future.

Specialist facilities

By studying within our International Academy for your foundation year, you will have access to all of the facilities that the University of Essex has to offer, as well as those provided by our Academy to support you:

  • We provide computer labs for internet research; classrooms with access to PowerPoint facilities for student presentations; AV facilities for teaching and access to web-based learning materials
  • Our new Student Services Hub will support you and provide information for all your needs as a student
  • Our social space is stocked with hot magazines and newspapers, and provides an informal setting to meet with your lecturers, tutors and friends

Our Department of Economics also offers excellent on-campus facilities:

Your future

Many employers want economists with critical thinking skills who can tackle large data sets and practical problems. Our course helps you to become more employable and takes you closer to that dream job or postgraduate course when you graduate.

Our students are in demand from a wide range of employers in a host of occupations, including financial analysis, management, public administration and accountancy.

Our recent graduates have gone on to work for a wide range of high-profile companies including:

  • Bank of England
  • Deloitte
  • Ernst and Young
  • Morgan Stanley
  • Bank of New York
  • RBB Economic Consulting
  • Government Economic Service

We also work with the university’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.

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Example structure

Studying at Essex is about discovering yourself, so your course combines compulsory and optional modules to make sure you gain key knowledge in the discipline, while having as much freedom as possible to explore your own interests. Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

For many of our courses you’ll have a wide range of optional modules to choose from – those listed in this example structure are just a selection of those available. The opportunity to take optional modules will depend on the number of core modules within any year of the course. In many instances, the flexibility to take optional modules increases as you progress through the course.

Our Programme Specification gives more detail about the structure available to our current first-year students, including details of all optional modules.

Year 0

What are the key concepts in business management today? Explore core elements within the field of business management, covering topics in banking, finance, management and accounting. Apply theoretical concepts to key organisations, companies and institutions. Develop your analytical skills and practical knowledge of this dynamic sector.

What is economics? And what are the main economic theories and principles? Build your understanding, studying topics in microeconomics and macroeconomics. Develop your knowledge of economic implications and build your analytic skills in using simple mathematical techniques and economic diagrams.

Want to use mathematical techniques to solve problems? And to calculate basic statistical measures? Develop mathematical skills like number work, algebra, geometry, probability and statistics that can be used on any course requiring mathematics above Higher GCSE standard. Learn to solve relevant problems and know how to present data clearly.

Year 1

How do consumers make decisions? Or firms conduct different market strategies? What impact does government policy have on inflation? Or unemployment? Develop your knowledge of economics in relation to a range of contemporary issues. Learn how to apply both micro and macroeconomic principles to the analysis of such problems.

Are you ready for graduate employment? Like to improve your core skills? Need to know more about the working world? Attend workshops, events and activities to build your knowledge, abilities and experience with this compulsory, zero credit module that runs during your three years of undergraduate study.

What are the main sources of economic data? And how is data used in economics? Study the methods of quantitative economics, looking at how economic data is described and analysed. Learn to read, understand and manipulate data from both a theoretical and empirical perspective.

What mathematical techniques are required for a modern economics degree? Do you have the mathematical tools to attack economic problems? If you are worried that your mathematical background could hold you back, then learn the mathematical skills needed when studying problems of economic interest.

How do economists interpret data? How can we test relationships suggested by economic theory? How do we use economic theories to analyse real world issues? This module helps you to understand simple and commonly used statistical and econometric techniques, and important software for applied economics. You learn how data can be used to analyse real world economic problems.

Year 2

What tools can you use for macroeconomic analysis? And how can these then be applied to macro-policy issues? Learn how to build alternative macroeconomic models and apply analytical reasoning. Examine real-life macroeconomic questions, on topics such as government budgets or wage-price flexibility, and critically evaluate macroeconomic policies.

How do consumers behave in a competitive market? And what about producers? How do various imperfections affect the outcome of decentralised markets? Study the fundamental concepts and methods in microeconomics. Understand the tools and methods of analysis for economic reasoning, and develop your critical approach to economic issues and policies.

Want to know more about the IMF or the Federal Reserve? Interested in the European Central Bank and the European Stability Mechanism? Examine these international financial institutions to evaluate their existence, policies and effects on the international monetary system. Understand the institutional framework within which international financial relations are organised.

Which institutions control international trade? How are they organised? What are their objectives? And why are some of their activities deemed controversial? Study the world trading system since World War Two, learning about the most important issues in international trade policy and deepening your knowledge of the global economy.

What mathematical methods can analyse economic problems? And what mathematical tools are needed to understand economic models? Gain an introduction to the mathematical methods commonly used in economics, build your knowledge of mathematical tools for work in economics and develop your understanding of the mathematical language used in economic literature.

Which econometric methods can analyse economic data? How do you critically assess applied economic literature? Learn how to carry out statistical and econometric calculations, plus gain experience of using the Stata software package. Demonstrate your subsequent understanding of the linear regression model with your own investigation on an empirical issue.

Are you ready for graduate employment? Like to improve your core skills? Need to know more about the working world? Attend workshops, events and activities to build your knowledge, abilities and experience with this compulsory, zero credit module that runs during your three years of undergraduate study.

Final year

What shapes international trade? And what determines trade policy? Study theories and empirical evidence of international trade, and examine recent research on trade patterns and strategic trade policies. Understand discussions of international trade in the business press and express your own opinion on such issues.

How do foreign exchange markets determine trade? Understand the economic role that international currency markets play. Study models to interpret exchange rate movements and how this links to key macroeconomic variables. Analyse real-life policies that respond to events in the international monetary system.

What interests you? Design and implement your own research project, under the guidance and supervision of our world-leading academic staff. Demonstrate your knowledge of economic ideas in greater depth, building your professional research skills and developing further understanding of a topic that fascinates you.

What are the important policy problems facing the European Union today? Issues like trade, unemployment, monetary policy? And how can you apply economic theory to these concerns? Gain an insight into the complex and fascinating process of economic integration within the European Union.

Teaching

  • Your teaching mainly takes the form of lectures and classes, the latter involving about 20 students
  • Any language classes involve language laboratory sessions
  • Our classes are run in small groups, so you receive a lot of individual attention
  • Teaching is arranged to allow freedom in how you organise your learning experiences
  • Optional support classes in Economics

Assessment

  • Your assessed coursework will generally consist of essays, reports, in-class tests, individual or group oral presentations, and small scale research projects

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Qualifications

If you already have your results and want to apply for 2016 entry through Clearing, complete our Clearing application form and we’ll get back in touch with you or give us a ring to discuss your grades.

IELTS entry requirements

English language requirements for applicants whose first language is not English: IELTS 5.5 overall.

If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels required. Please note that date restrictions may apply to some English language qualifications.

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Visit us

Clearing Open Day

Tours of our campus and accommodation will be running throughout the day and will be led by our current students, allowing you a real insight into life at Essex. Academics from subjects that had Clearing vacancies at our Colchester Campus will be available in the Ivor Crewe Lecture Hall from 12-2pm to discuss your course with you and answer any burning questions you might have.

You don't need to book before attending the Open Day - just drop-in.

Campus tours

If you're unable to attend the Open Day, you can always come to one of our organised informal tours on Sunday 21 August.

Can't get to Campus?

Don’t worry – our interactive virtual tours and videos allow you to explore our campuses, accommodation and facilities in Colchester and Southend. You can even take a look at our Colchester Campus using Google Streetview.

Applying

How to apply during Clearing

Once you’ve checked that we have the right course for you, applying couldn’t be simpler. Fill in our quick and easy Clearing application form with as much detail as you can. We’ll then take a look and get back to you with a decision. There’s no need to call us to apply; just do it all online.

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following course after a successful interview:

  • BA Multimedia Journalism

The interview allows our academics to find out more about you, and in turn you’ll be able to ask us any questions you might have.

Further details will be emailed to you if you are shortlisted for interview.

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Although great care is taken in compiling our course details, they are intended for the general guidance of prospective students only. The University reserves the right to make variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses, if such action is reasonably considered to be necessary by the University.

The full procedures, rules and regulations of the University are set out in the Charter, Statues and Ordinances and in the University Regulations, Policy and Procedures.