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About this program
Economics provides us with different ways of thinking about the world and how it functions. It helps us to understand how individuals, businesses and governments do behave; and gives us insights into how they should behave. At one extreme, economics informs the decisions that governments make about some of the most pressing issues of our day, including climate change and inequality. It informs how businesses make decisions about everything from pricing and advertising to investments in product development and corporate strategy. At the other extreme, it can help us as individuals to make better decisions about our own lives; including how hard we should work and how much we should save for our retirements.
At Bangor Business School, we have a team of highly qualified and experienced academics with interests in a wide variety of economic topics including labour markets, political economy, health economics, quantitative economics, regional development, migration and public finance. Our team is engaged in world class research in economics, and regularly works with policymakers in government, regulators and think-tanks. They are dedicated to bringing their insights from the world of policy and research to help you to develop your knowledge and understanding as a developing economist.
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For 2022 Entry
GCSE Maths at grade C/4 required if not demonstrated by the Level 3 qualification.
Offers are tariff based, 80 - 120 tariff points, from Level 3 qualifications* e.g.:
- A Levels
- BTEC National/Extended Diploma and Cambridge Technical Extended Diploma: MMP - DDM
- International Baccalaureate Diploma
- Access: Pass
- City & Guilds Advanced Technical/Extended Diploma: considered on a case by case basis
- Welsh Baccalaureate is accepted
- T-levels: considered on a case-by-case basis.
International Candidates: school leaving qualifications and college diplomas are accepted from countries worldwide (subject to minimum English Language requirements).
For more information about admission requirements, please visit the university website.
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Year 1 Compulsory Modules:
Economics (Autumn & Spring)
These modules will provide an overview of the history of global economic development as well as considering important contemporary issues such as inequality and sustainability of economic growth. They will introduce the key tools and models that economists use. The autumn module will focus on microeconomics – how individuals make choices and how they interact in markets. The spring module will focus on macroeconomics – the behaviour of the economy as a whole.
This module will focus on manipulation of algebraic expressions, collection and presentation of data, producing descriptive statistics, measuring uncertainty using probability, estimating confidence intervals, hypothesis testing and investigating association and causality.
Financial Techniques & Analysis
This module covers quantitative techniques that are applicable in a wide variety of Financial and Economic contexts.
Year 2 Compulsory Modules:
The module will cover the fundamentals of probability theory and of statistical methods. It will introduce the method of ordinary least squares (OLS) used in estimating the quantitative relationship between economic variables, in the context of cross-sectional data. There will be instruction on data management and the use of the statistical and regression tools within Excel.
This module will extend students’ analytical skills in relation to consumer and producer theories and introduce students to general equilibrium analysis and game theory. The module content includes Demand and supply microfoundations, Rational choice, Individual and market demand, the cost of production and profit maximisation, Market structures, Game Theory, Public Goods and Externalities
This module will focus on the role of macroeconomics, macroeconomic variables and statistics. The module will also introduce schools of thought and explore the classical and Keynesian models. Moreover, it will focus on aggregate demand and supply analysis, the Phillips curve and the role of expectations.
Year 3 Compulsory Modules
The focus of this module is on analysing the behaviour of real world economies in the light of macroeconomic theory, with specific focus on monetary policy and development. Topics covered will include growth, business cycles, monetary policy, fiscal policy, and development; stressing the role that each of these elements plays in determining the performance of the global economy.
Competition and Strategy
This module will focus on understanding the strategies that firms use to compete against each other in the marketplace. The module will consider how firms decide whether to enter markets; how they differentiate their products from those that their rivals over, including through innovation and advertising; and the strategies that they might follow in pricing their products.
This module will extend the students' understanding of econometrics. Techniques for dealing with various forms of data will be studied; including those applicable to panel data, binary data, data arising from experiments and time series data. Diagnostic testing will be covered, as well as strategies for dealing with problems such as heteroskedasticity, multicollinearity, autocorrelation, measurement error, simultaneity bias and endogeneity.
The module is divided in lectures and practical econometric workshops. Economic theory lectures will cover topics such as education, unemployment and wages, market failure and externalities, economic growth and monetary policy (they may be subject to change depending upon real-world events). In practical econometric workshops, students will learn how to organise and manipulate data, software programming, sourcing and data visualization.
Scholarships & funding
Several scholarship options are available. Please check the university website for more information.
Please contact the institute for more information.
Economics is not a vocational subject – it doesn’t lead to one specific career path. However, despite that, it is widely recognised as one of the subject areas with the best prospects for future employability. This is because economics provides students with useful skills and knowledge, including:
- analytical skills – the ability to distil and analyse complex problems;
- market insights (understanding how markets work and the importance of incentives;
- the ability to work with data and using it to generate real-world insights.
These are all highly prised in the jobs’ market and mean that salaries for economics graduates are among the highest of any discipline. You can see the evidence here.
Economics graduates go on to work in a variety of careers, including the civil service, financial services, industry, education and the third sector.
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About this institute
Want something different? Well you have come to the right place. Bangor University is a historic University located between the mountains of the Snowdonia National Park, the wonderful Irish Sea coastline, and the awe-inspiring Isle of Anglesey. What makes Bangor...
Why study at Bangor University
A Top 30 university
The Complete University Guide 2022 results place Bangor amongst the UK’s top 30 universities for student satisfaction (excluding specialist institutions). This reflects the University’s focus on the overall student experience.
Wide range of courses
We offer hundreds of courses across the arts and the sciences. We pride ourselves on the quality of our teaching and our courses and lecturers have been rated in the top 5 in the UK (WhatUni 2022).
World-class teaching & research
Study at a world-class university, which is recognised for the quality of teaching and research. 85% of Bangor University's research is world-leading or internationally excellent (Research Excellence Framework (REF) 2021).
Work experience and placements
We offer a variety of options to gain valuable employability skills, which include supporting you in work placements and internships that you may wish to undertake.
We guarantee accommodation for first-year students who apply by the deadline and select us as their Firm Choice. Our accommodation was rated Top 3 in the UK at the WhatUni Student Choice Awards 2022.
Free membership of all clubs and societies
Take advantage of the Bangor Student Experience with free membership of student clubs and societies. There are over 150 different ones to choose from, so you can try something new, get involved with sports, meet new friends and get out and explore the local area.
Choose to study in one of the best places in the UK to be a student. Bangor’s location – close to the mountains and the sea – has been described as ‘the best university setting in the UK’.
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