Economics BSc (Hons)Study level: Undergraduate
Economics shape our everyday life. From the taxes we pay to the price of anything we buy, you’ll engage in the application of economics to a range of issues that are impacting society today.
Year of entry
Coventry University (Coventry)
3 years full-time
4 years sandwich
This course covers current real-world issues and aims to help you understand how economics impacts individuals, businesses, financial organisations, governments and wider society. An emphasis is placed on equipping you with the knowledge and skills required to tackle contemporary challenges facing governments and businesses.
Joint Top Modern University for Career ProspectsGuardian University Guide 2021 and 2022
5 QS Stars for Teaching and FacilitiesQS Stars University Ratings
Top 5 UK Student City (Coventry)QS Best Student Cities Index 2023
Why you should study this course
By studying this course, you will have the opportunity to:
- Tailor your studies as our wide range of economics and finance courses share a common year one and aim to offer you opportunities to achieve a thorough grounding in economic and financial concepts and principles.
- Explore both microeconomics and macroeconomics with extensive exposure to how national economies, businesses and other organisations operate in a global context.
- Learn alternative schools of economic thoughts and contrast heterodox approaches with the orthodox mainstream of economic theory
- Build industry insight2, learn from experienced staff and hear from industry professionals who, in the past, have included speakers from HM Treasury, Lloyds Bank, Barclays and the European Commission. (Staff may be subject to change)
- Develop practical skills in our Bloomberg Trading Floor4 featuring 42 dual screen Bloomberg terminals (subject to availability).
- Access additional maths and statistics support; our sigma centre offers maths and statistics support through drop-in sessions and bookable appointments with experienced tutors4.
Accreditation for this course is being renewed as we are making some changes to our modules. This exciting new course is subject to approval from the Chartered Insurance Institute (CII)1.
Chartered Association of Business Schools (CABS)
Coventry Business School is currently an active member of the Chartered Association of Business Schools, which has a membership of over 120 business schools and higher education providers, and supports its members in maintaining world-class standards of teaching and research.
European Foundation for Management Development (EFMD)
Coventry Business School is currently an active member of the European Foundation for Management Development, a global membership organisation dedicated to management development, covering over 900 members across 91 countries.
Coventry Business School is recognised by the above memberships for the 2023/24 intake.
I had always considered myself an introverted person before university. However, through studying here I have been able to develop my interpersonal skills that are required in any role in life. Whether it is through presentations in class, joining debates or partaking in sport – Coventry University has allowed me to become a version of myself that I didn’t even think was possible. But the best thing is that I am inspired to continue trying to push even further beyond.
What you'll study
This course has a common first year.
In the first year, the curriculum is shared across finance and economics courses allowing you to gain a broad grounding in the discipline before going on, in the second and third years, to specialist modules in your chosen field.
We want your degree to fit around you, so upon successful completion of your first year, you could swap degrees with another course in your common first year (subject to meeting progression requirements).
Common first year courses
- Banking and Finance BSc (Hons)
- Business and Finance BSc (Hons)
- Business Economics BSc (Hons)
- Finance and Investment BSc (Hons)
- Financial Economics BSc (Hons)
- Global Financial Planning BSc (Hons)
Principles of Microeconomics - 20 credits
This module is designed to provide you with an understanding of the basic concepts, principles and analytical methods of microeconomics. It aims to provide the microeconomic theory necessary for intermediate and other specialised economics and finance modules, as well as enable the student to understand and apply economic theory to policy issues and the real economy.
Principles of Macroeconomics - 20 credits
This module is designed to provide you with an understanding of the basic concepts, principles and analytical methods of macroeconomics. It aims to provide the macroeconomic theory necessary for intermediate and other specialised economics and finance modules, as well as enabling you to understand and apply economic theory to policy issues and the real economy.
Mathematics and Statistics - 20 credits
This module aims to provide you with the quantitative skills required for the study of economics and finance.
Principles of Finance - 20 credits
This module seeks to empower you by teaching the key areas of personal finance, including personal financial planning, budgeting, saving, managing credit, investing, retirement planning, and tax planning. This knowledge will help you manage your finances, and make confident and informed financial decisions, thereby increasing your financial control, satisfaction and well-being.
Business Accounting - 20 credits
This module is designed to develop your understanding of the language, concepts, models and techniques commonly used in financial and management accounting. You will be introduced to the published financial statements that business organisations produce on a regular basis, and the tools that can be used to interpret these and evaluate financial performance.
Entrepreneurial Thinking - 20 credits
The aim of this module is to enable you to engage critically and creatively with entrepreneurship in the context of responsible management practice. Using a variety of tools, you will be supported to develop a self-awareness of your own entrepreneurial mind-sets, competencies, and skillsets. During the module, you will be able to share your own experiences with those of other practitioners from business, role play different entrepreneurial archetypes, and peer review their enterprising traits and entrepreneurial competencies.
In year two, you will continue to develop the skills and knowledge you’ve learnt. We do this by embedding the following four principles into the curriculum and developing your:
- Technical skills – digital fluency, backed with the right academic knowledge
- Study skills – to be an adaptive, independent and proactive learner
- Professional skills – to have the behaviour and abilities to succeed in your career
- Global awareness – the beliefs and abilities to be a resilient, confident and motivated global citizen
International Economics – 20 credits
The aim of this module is to provide you with the opportunity to develop a thorough understanding of international trade theory, policy and international monetary economics. The trade theory provides various tools to analyse the patterns of trade. The trade element also focuses on new developments such as income inequality effects of trade and the importance of the role of international negotiations in trade liberalisation.
Evolution of Economic Thinking – 20 credits
From Smith to Keynes to Samuelson, economics has gone through a large number of important paradigm shifts in terms of both methodology and ideology, in its relatively short span of existence. This module presents you with the opportunity to go back and study some of the important schools of thought that have influenced economics and economists, with the aim of informing a critical analysis of modern orthodox and heterodox economics, and solutions they offer to the economic challenges of the modern world.
Intermediate Microeconomics - 20 credits
The module aims to build upon your understanding of microeconomics. It introduces intermediate level microeconomic concepts and provide examples of their real-world applications. In particular, the module will enable you to define and critically apply various analytical methods to complex problem solving in terms of firms, government, and individual decision-making. By considering the relevance and limitations of intermediate microeconomic theory as applied to labour economics, behavioural economics and industrial organisations, it provides the underpinning for subsequent study in economics.
Intermediate Macroeconomics – 20 credits
This module aims to deepen and widen your understanding of macroeconomics at an intermediate level. It provides you with a thorough grounding in intermediate principles of macroeconomics, as well as an appreciation of the potential applications of the analytical techniques, their limitations, and critiques.
Econometrics and Data Analysis – 20 credits
This module introduces you to data analysis using econometrics with a particular emphasis on principles and applications of the Classical Linear Regression Model and violations of its underlying assumptions. The module introduces you to practical, real-world applications of regression analysis methods, and provides the necessary knowledge and skills required for those wishing to take Applied Econometrics in the final year.
Designing a Research Proposal – 20 credits
The aim of this module is to provide you with the opportunity to identify current or global challenges in the environment and present ideas to address those issues in a proactive manner. You will develop an awareness and a critical understanding of key research methodologies within your chosen area of study and design a proposal for researching the relevant contemporary issues.
There’s no better way to find out what you love doing than trying it out for yourself, which is why a work placement2 can often be beneficial. Work placements usually occur between your second and final year of study. They’re a great way to help you explore your potential career path and gain valuable work experience, whilst developing transferable skills for the future.
If you choose to do a work placement year, you will pay a reduced tuition fee3 of £1,250. For more information, please go to the fees and funding section. During this time you will receive guidance from your employer or partner institution, along with your assigned academic mentor who will ensure you have the support you need to complete your placement.
UK Work Placement – 0 credits
This module2 provides you with an opportunity to reflect upon and gain experience for an approved placement undertaken during your programme. A placement should usually be at least 26 weeks or equivalent; however, each placement will be considered on its own merits, having regard to the ability to achieve the learning outcomes.
International Study/Work Placement – 0 credits
This module2 provides you with an opportunity to reflect upon and gain experience for an approved international study/work placement undertaken during your programme. A work/study placement should usually be at least 26 weeks or equivalent; however, each placement will be considered on its own merits, having regard to the ability to achieve the learning outcomes.
Year three aims to bring you to the level to enter the world of work by consolidating your knowledge and skills from years one and two. You could also work on a large final project in an area of your interest, with the support of a supervisor.
Advanced Microeconomics – Game Theory – 20 credits
This module will equip you with the advanced knowledge and analytical skills associated with game theory and its economic applications. It will explore and examine the concepts of strategic interaction and rationality in the context of economic problems (consumers, firms and government). In addition, you will develop an understanding of the role of information, including timing, precision, and information status, in how players think strategically. You will also study bounded rationality and other departures from the standard predictions of game theory.
Advanced Macroeconomics – Theory and Policy – 20 credits
This module will provide you with an in-depth investigation of modern, and often alternative, approaches to macroeconomics, based on micro-foundations and dynamic general equilibrium theories. In addition, you will aim to develop critical insight into the policy implications of modern macroeconomics.
Project – 40 credits
This module will aim to provide you with the opportunity to apply and develop your research skills and to extend your knowledge, understanding and ability to critically analyse a topic in a specialist area of interest. You will choose a research topic related to your programme of study and apply critical analysis skills acquired through this and other modules to research the topic in depth.
You can choose two modules from the list of optional modules below:
- Behavioural Economics – 20 credits
This module introduces you to the field of behavioural economics. It examines the theoretical and empirical evidence and subsequently critically assess the usefulness of this sub discipline in interpreting consumer choice and behaviour. You will learn how to apply behavioural principles and employ experimental tests in analysing both economic and non-economic problems.
- Applied Econometrics– 20 credits
This module aims to strengthen your understanding of econometric models and techniques relevant to empirical analysis and policy evaluation applied to a wide range of economic and finance problems. The module will should equip you with the advanced knowledge and skills to design, undertake, and evaluate quantitative empirical work within economics, finance and business.
- Labour Economics – 20 credits
Labour economics is very broad and covers many of the economic topics that are of concern in modern economies such as labour supply shortage, pay and incentive mechanisms and discrimination in the workplace. This module builds on the principles and techniques of microeconomics and macroeconomics and applies them to the labour market.
- Monetary Economics – 20 credits
This module provides an overview of the role of money in the economy, including the nature and functions of money, theories of the supply and demand for money, the effects of money on the wider economy (neutrality vs. non-neutrality) and issues related to monetary policy. Teaching on the module uses numerous real-world examples of contemporary monetary policy interventions and their implications in the wider domestic and international economies.
- Topics in Development and Environmental Economics – 20 credits
This module provides you with an opportunity to critically study a variety of topics drawn from the fields of development and environmental economics and issues that arise at the intersection of the two. On completion of this module you should be able to appreciate relevant theories, evaluate them and be able to apply them to practical economic issues and policies.
- Topics in Public Sector and Health Economics – 20 credits
This module critically investigates the development of the market-based model of public services provision and the changing role of governments in the public economy, with a particular emphasis upon healthcare. To achieve its aims, the module introduces, applies and evaluates essential welfare economic concepts and principles. Topics include a critical assessment of the optimal scale and scope of public services, the impact of the public management model on performance assessment, the evaluation of healthcare outcome assessment methods, comparative analysis of international healthcare systems, the macroeconomics of health, medical tourism, and the impact of the Covid-19 pandemic.
- Behavioural Economics – 20 credits
We regularly review our course content, to make it relevant and current for the benefit of our students. For these reasons, course modules may be updated.
How you'll learn
- This course adopts a range of innovative teaching, learning and assessment methods such as the use of interactive teaching and learning online platforms, online quizzes, in-class feedback sessions, group projects, class experiments and bargaining simulations.
- You will gain hands-on experience of relevant quantitative software and statistical packages, such as GRETL, as well as market leading economic and financial databases such as the Organisation for Economic Co-operation and Development (OECD), World Economic Indicators, the Office for National Statistics (ONS), EuroStat, Refinitiv (Thomson Reuters Eikon and Datastream) and FitchConnect.
- You will also be taught in one of the largest educational trading floors in Europe4, running Bloomberg trading terminals and giving access to a wealth of live and historical trading market data.
- Typically, a module involves interactive lecture(s) weekly, delivered synchronously online or on campus, followed by a range of active learning sessions such as seminars and workshops.
- In addition, you will meet other students on the course and your tutors weekly during term time to engage in community-building activities, receive support and raise concerns relating to the course.
- We aim to offer you the opportunity to attend a range of guest lectures from industry experts who come to teach in our immersive authentic learning environments (subject to availability).
Teaching contact hours
We understand that everyone learns differently, so each of our courses will consist of structured teaching sessions, which can include:
- On campus lectures, seminars and workshops
- Group work
- Self-directed learning
- Work placement opportunities2.
If you would like more information, you can request information about teaching hours.
Part of university life is undertaking self-directed learning. During a typical week you will have time that allows you to work independently to apply the skills and knowledge you have learnt in taught or facilitated sessions to your projects or assignment briefs. This self-directed learning allows you to use your research skills, consolidate your knowledge or undertake collaborative group work.
As an innovative and enterprising institution, the University may seek to utilise emerging technologies within the student experience. For all courses (whether on-campus, blended, or distance learning), the University may deliver certain contact hours and assessments via online technologies and methods.
This course will be assessed using a variety of methods which will vary depending upon the module.
Assessment methods include:
- Formal examinations
- Phase tests
- Group work
- Individual Assignments
The Coventry University Group assessment strategy ensures that our courses are fairly assessed and allows us to monitor student progression towards achieving the intended learning outcomes.
International experience opportunities
You will have the opportunity to gain an international experience in many ways2. Coventry is a multicultural university, so our typically diverse student and staff body helps to facilitate a multicultural learning environment.
Coventry University aims to give you the global opportunities needed to become a truly global graduate, enhancing your employability on a global scale.
In the past, our students have had the opportunity to visit universities in China and Malaysia to study alongside students, see how finance is taught internationally, appreciate the issues in different countries and broaden their perspectives.
Closer to home, you may have the opportunity to participate in European field trips2 or in events like the annual Tax Week initiative or the annual Audit Week, both of which are conducted in collaboration with European universities, and see students work collaboratively on related projects.
My research background is in the economics of healthcare and I am passionate about applying research to contemporary global challenges. In my teaching, I embed research findings into economic concepts, which helps to stimulate a continuous learning process beyond the classroom. Learners begin to view their environments with an economic lens and become economic advisors, seeing the real impact of economic decisions in the world around them.
Typical offer for 2023/24 entry.
Typical offer for 2023
|Requirement||What we're looking for|
|GCSE||Minimum 5 GCSEs graded 4 / C or above including English and English|
|IB Diploma||24 points|
|Access to HE||The Access to HE Diploma to include 30 Level 3 credits at Merit. Plus GCSE English and Mathematics at grade 4 / C or above.|
We recognise a breadth of qualifications, speak to one of our advisers today to find out how we can help you.
Are you eligible for the Fair Access Scheme?
We believe every student should have the opportunity to dream big, reach their potential and succeed, regardless of their background. Find out more about our Fair Access Scheme.
Select your region to find detailed information about entry requirements:
You can view our full list of country specific entry requirements on our Entry requirements page.
If you do not have the typical entry requirements, you may want to consider studying this course with an International Foundation Year. Upon successful completion our International Foundation Year - Accounting and Finance will provide you with the knowledge and skills you need to progress onto this undergraduate degree.
Alternatively, visit our International hub for further advice and guidance on finding in-country agents and representatives, joining our in-country events and how to apply.
English language requirements
- IELTS: 6.0 overall
If you don't meet the English language requirements, you can achieve the level you need by successfully completing a pre-sessional English programme before you start your course.
For more information on our approved English language tests visit our English language requirements page.
Fees and funding
2023/24 tuition fees.
|UK||£9,250 per year||Not available|
|International||£16,800 per year||Not available|
If you choose to do a work placement2, you should consider travel and living costs to cover this. There is also a tuition fee3 of £1,250 that will cover your academic support throughout your placement year.
For advice and guidance on tuition fees and student loans visit our Undergraduate Finance page and see The University’s Tuition Fee and Refund Terms and Conditions.
We offer a range of International scholarships to students all over the world. For more information, visit our International Scholarships page.
Tuition fees cover the cost of your teaching, assessments, facilities and support services. There may be additional costs not covered by this fee such as accommodation and living costs, recommended reading books, stationery, printing and re-assessments should you need them. Find out what's included in your tuition costs.
The following are additional costs not included in the tuition fees:
- Any optional overseas ﬁeld trips or visits: £400+ per trip.
- Any costs associated with securing, attending or completing a placement (whether in the UK or abroad)
How do you know if you need to pay UK or international tuition fees?
We carry out an initial fee status assessment based on the information you provide in your application. Your fee status determines your tuition fees, and what financial support and scholarships may be available to you. The rules about who pays UK (home) or international (overseas) fees for higher education courses in England are set by the government's Department for Education. The regulations identify all the different categories of student who can insist on paying the home rate. The regulations can be difficult to understand, so the UK Council for International Student Affairs (UKCISA) has provided fee status guidance to help you identify whether you are eligible to pay the home or overseas rate.
If you meet all the criteria required by any one category, including any residence requirements, your institution must charge you the home rate. You only need to find one category that you fit into.
We have a range of facilities available to support our students in putting the theories you are taught into practice4.
The Trading Floor
The Trading Floor is an invaluable facility which allows you to get hands-on with industry-standard software. Housing 42 dual-screen Bloomberg terminals, the facility can add a dynamic practical element to your course.
Employability is at the forefront of all our accounting and finance courses. Our dedicated Talent Team are also on hand to help. They can assist you in applying for work placements, graduate level jobs and offer skills development workshops, and also organise networking events to introduce you to potential employers and industry contacts.
The sigma Centre is housed in our Lanchester Library and offers maths and statistics support through drop-in sessions and bookable appointments. It is the ideal place to help you navigate any issues you might have while studying an accounting and finance degree.
Careers and opportunities
Upon successful completion, you will be able to:
- Critically evaluate modern economic theories and the empirical methods used by economists.
- Demonstrate knowledge of the workings of economic systems, both within the UK and the wider global economy, including the ability to interpret relevant data and evaluate government policies.
- Apply economic theories, rooted in alternative schools of thought, and empirical methods to real-world situations by making appropriate use of data, abstraction, and logical reasoning, to analyse economic events and issues.
- Communicate technical concepts related to economic analysis and policy debates to a diverse range of audiences and develop the ability to influence relevant stakeholders.
- Examine issues of sustainability and ethics from an economic perspective, and critically appraise the ethical and sustainability implications of economic policy.
- Integrate issues of national economic policy and analysis into a global context, and hence appreciate the value of international cooperation.
- Use a range of entrepreneurial, innovative and transferable skills, such as writing clear and concise reports based on evidence and logic, making effective use of information technology, confident delivery of presentations, creative problem solving, financial skills and self-motivation.
The course aims to give you an in-depth knowledge of economic theories and models, with strong analytical and problem-solving skills and mathematical ability. You should also be able to demonstrate a wide range of desirable professional skills, including team working, critical evaluation, self-directed learning, problem-solving, action planning and organising, written and oral communication, questioning and listening. The following personal qualities will also be addressed in each of the skills modules: achievement orientation, initiative and creativity, self-confidence, decisiveness, reflectiveness, adaptability and flexibility.
Where our graduates work
The course aims to help you pursue a variety of potential future career options in investment banking, accountancy, tax consultancy, the public sector, auditing, derivatives trading, management consultancy, mergers and acquisitions, and many more. Past graduates have found employment in a variety of careers with prestigious employers such as Capita, Lloyd's Bank, Amey and the Department for Education.
Typical roles that graduates from this course may progress to include Consultant, Business Analyst, Junior Trader or Buyer.
Alternatively, you may decide to pursue postgraduate study opportunities which could further enhance your employability by studying courses such as Accounting and Financial Management MSc or Finance MSc at Coventry Business School, or Global Finance MSc or Global Financial Trading MSc at Coventry University London. You may be entitled to an alumni discount on your fees if you decide to extend your time with us by progressing from undergraduate to postgraduate study.
How to apply
Full-time students applying to start in September 2023 can apply for this course through UCAS from 6 September 2022. Read our application pages to find out your next steps to apply.
Part-time students should apply directly to the university.
If you'd like further support or more information about your course get in touch with us today.
Chat with our admissions team
Complete our contact form
Full-time students applying to start in September 2023 should apply directly to the university.How to apply
For further support for international applicants applying for an undergraduate degree view our International hub.
You can also download our International guide which contains lots of useful information about our courses, accommodation and tips for travel.
Get in touch with us today for further advice and guidance.
Chat with our admissions team
Complete our contact form
The majority of our courses have been formally recognised by professional bodies, which means the courses have been reviewed and tested to ensure they reach a set standard. In some instances, studying on an accredited course can give you additional benefits such as exemptions from professional exams (subject to availability, fees may apply). Accreditations, partnerships, exemptions and memberships shall be renewed in accordance with the relevant bodies’ standard review process and subject to the university maintaining the same high standards of course delivery.
*In the event that there is any delay in obtaining approval, we will run Economics BSc (Hons) for 2022-23 which has already been accredited by Chartered Insurance Institute (CII).
2UK and international opportunities
Please note that we are unable to guarantee any UK or International opportunities (whether required or optional) such as internships, work experience, field trips, conferences, placements or study abroad opportunities and that all such opportunities may be subject to additional costs (which could include, but is not limited to, equipment, materials, bench fees, studio or facilities hire, travel, accommodation and visas), competitive application, availability and/or meeting any applicable travel COVID and visa requirements. To ensure that you fully understand the visa requirements, please contact the International Office.
The University will charge the tuition fees that are stated in the above table for the first Academic Year of study. The University will review tuition fees each year. For Home Students, if Parliament permit an increase in tuition fees, the University may increase fees for each subsequent year of study in line with any such changes. Note that any increase is expected to be in line with inflation.
For International Students, we may increase fees each year but such increases will be no more than 5% above inflation. If you defer your course start date or have to extend your studies beyond the normal duration of the course (e.g. to repeat a year or resit examinations) the University reserves the right to charge you fees at a higher rate and/or in accordance with any legislative changes during the additional period of study.
Facilities are subject to availability. Due to the ongoing restrictions relating to COVID-19, some facilities (including some teaching and learning spaces) may vary from those advertised and may have reduced availability or restrictions on their use.
By accepting your offer of a place and enrolling with us, a Student Contract will be formed between you and the university. The 2022/23 Contract is currently being updated so please revisit this page before submitting your application. The Contract details your rights and the obligations you will be bound by during your time as a student and contains the obligations that the university will owe to you. You should read the Contract before you accept an offer of a place and before you enrol at the university.