undergraduate courses in economics - welcome to · pdf filet h e ovra lbj c tif m du s ......

Undergraduate courses in Economics

BSc EconomicsBSc Economics & AccountancyBSc Financial Economics

The University for business and the professions

BSc EconomicsUCAS Code: L100Entry Requirement: AABPage: 1

BSc Economics & AccountancyUCAS Code: LN14Entry Requirement: AABPage: 2

BSc Financial EconomicsUCAS Code: L111Entry Requirement: AABPage: 3

Course descriptions Page: 1

Module descriptions Page: 4

Study format Page: 6

Reading list Page: 7

Career paths Page: 8

Academic profiles Page: 10

Application procedures Page: 12

Why choose City University London Page: 14

City University London Undergraduate Courses in Economics page 1

Economics is an extremely popular field of study and covers the broad areas of production, distribution, and the consumption of goods andservices. In this degree course, we further breakdown the subject into specific economicconcepts and theories and provide you with anopportunity to study more specialised subjectareas as you advance into your final year. Whilststudying this course you will develop a range of skills and knowledge within economics and be taught by leading experts in the field.

From the three undergraduate economics courses we offer at City, this degree will provide the greatest flexibility in terms of future choices regarding career and postgraduatestudy. Its structure and content have been designed and updated to strengthen your understanding of key conceptsand tools to highlight the practical link between theory andreal-world applications. In addition, it provides you with opportunities to broaden your horizons by taking advantageof our European exchange and placement year schemes andthrough the activities of our student-led Economics Society.

YEAR 1All core or alternate-core modules• Data analysis 1 and 2

(see p4 for more detail)• Introduction to microeconomics

(see p4 for more detail)• Introduction to macroeconomics

(see p4 for more detail)• Mathematics Post

GCSE or Post A-Level (see p4 for more detail)

• Topics in applied microeconomics(see p5 for more detail)

• Topics in applied macroeconomics(see p5 for more detail)

YEAR 2Core modules:• Intermediate microeconomics 1 and 2• Intermediate macroeconomics 1 and 2• Introductory econometrics

Elective modules:• Global financial markets• Health economics• Intermediate mathematical methods• International trade• Money and banking• Public economics

YEAR 3Core modules:• Applied econometrics• Research project

(counts as two modules)

Elective modules:• Corporate finance• Development economics• The economics of addiction• Financial economics• History of economic thought• Industrial organisation• International finance• Introduction to financial

derivatives• Labour economics• Monetary economics• Regulation and competition• Economics of European

integration

Detailed course and module descriptions

BSc EconomicsUCAS CODE: L100ENTRY REQUIREMENT: AAB2010-11 FEESUK/EU FEES: £3,290INTERNATIONAL FEES: £9,650


Our Financial Economics degree has been developed to meet a need in the market forhighly skilled professionals who combine thespecific knowledge of financial products andmarkets with the analytical abilities of a trainedeconomist. The aim of this degree is to developyour analytical abilities in the discipline ofeconomics, with particular reference to finance.

Successful completion of this degree will allow you to signalto prospective employers that you have developed soundknowledge and understanding of the microeconomic principlesunderlying various types of financial markets and instruments.These include the macroeconomic role of finance, thequantitative tools most commonly used for financial analysisand the practical roles and obligations of the major financialinstitutions. Like BSc Economics, the course provides youwith opportunities to broaden your horizons by takingadvantage of our European exchange and placement yearschemes and through participation in the activities of ourstudent-led Economics Society.

YEAR 1Core modules:• Data analysis 1 and 2



(see p4 for more detail)• Mathematics post A-level 1 and 2

(see p4 for more detail)• Topics in applied microeconomics

(see p5 for more detail)• Topics in applied macroeconomics

(see p5 for more detail)

YEAR 2Core modules:• Global financial markets• Intermediate microeconomics 1 and 2• Intermediate macroeconomics 1 and 2• Introductory econometrics• Intermediate mathematical methods• Money and banking

YEAR 3Core modules:• Applied econometrics• Corporate finance• Financial economics• Introduction to financial derivatives

Elective modules:• Development economics• The economics of addiction• Economics of European integration• History of economic thought• Industrial organisation• International finance• Labour economics• Monetary economics• Regulation and competition• Research project

(counts as two modules)

BSc Financial Economics


This very popular degree course allows you to prepare for a career in accountancy while providing you with strong methodological and conceptual foundations through extensivestudy of economics. Modules in accountancy are taught by Cass Business School and the economics modules are led by staff within our department of Economics.

The course covers areas such as financial accounting, financial management and management accounting producing graduates that are highly sought-after in the accountancy and banking industries. Like our other economicsdegrees, it provides you with opportunities to broaden yourhorizons through participation in the activities of thestudent-led Economics Society.

YEAR 1Core modules:• Data analysis 1 and 2



(see p4 for more detail)• Introduction to law

(see p5 for more detail)• Introduction to financial and

management accounting• Mathematics Post

GCSE or Post A-Level(see p4 for more detail)

YEAR 2Core modules:• Financial accounting• Financial analysis• Intermediate microeconomics 1 and 2• Intermediate macroeconomics 1 and 2• Introductory econometrics

Elective modules:• Global financial markets• Health economics• Intermediate mathematical methods• International trade• Money and banking

YEAR 3Core modules:• Advanced financial accounting• Applied econometrics• Company laws• Financial management • Financial accounting theory• Management accounting

Elective modules:• Corporate finance• Development economics• Economics of European integration• Financial economics• History of economic thought• Industrial organisation• Introduction to financial derivatives• International finance• Labour economics• Monetary economics• Regulation and competition• The economics of addiction

Detailed course and module descriptions (cont.)

BSc Economics and Accountancy

The Chartered Institute of Management Accountants

The Association of Chartered Certified Accountants.

The Chartered Institute of PublicFinance and Accountancy.

The Institute of Chartered Accountants inEngland andWales.

Holders of this degree are entitled to a number of exemptions on professional licensing exams by several prestigious accountancy bodies.

UCAS CODE: L111ENTRY REQUIREMENT: AAB2010-11 FEESUK/EU FEES: £3,290INTERNATIONAL FEES: £9,650

UCAS CODE: LN14ENTRY REQUIREMENT: AAB2010-11 FEESUK/EU FEES: £3,290INTERNATIONAL FEES: £9,900


Additional Core First Year Modules for BSc Economicsand BSc Financial Economics

TOPICS IN APPLIED MICROECONOMICSThis module aims to demonstrate the application of microeconomicprinciples to topics in public andbusiness policy.

TOPICS IN APPLIED MACROECONOMICSThe module demonstrates theapplication of macroeconomicprinciples to topics in public and business policy.

Economics and AccountancyCore Modules

INTRODUCTION TO LAWThis module aims to give you anunderstanding of the English legal

system, and the principles of the law of contract.

INTRODUCTION TO FINANCIAL AND MANAGEMENT ACCOUNTINGThe aim of the module is to provide an understanding of the principles,mechanics and subjective issuesinvolved in preparing internal andexternal financial statements.

Financial EconomicsSecond Year Core Modules

MONEY AND BANKINGThe aim of this module is to develop atheoretical understanding of the natureand the functions of the financial systemof any economy. You will also develop aperspective on the specific institutionalcontext of the UK financial system, its characteristics and constraints. You will also study aspects of theinternationalisation of the capital

market, such as capital mobility, and foreign exchange markets.

GLOBAL FINANCIAL MARKETSThe aim of this module is to develop acoherent theoretical understanding ofthe nature and functions of the financialsystem in the economy. The course iscentred around the US, UK, Japanese andGerman financial systems, comparingtheir characteristics and relative merits.The overall objective of the module is tofamiliarise you with the key issues thatrelate to financial markets and therange of financial instruments availableon such markets. You will look at theuse of debt and equity markets as a means of obtaining finance. The finalpart of the module looks at derivativeinstruments such as futures and optionsand explains how these instruments canbe used by to manage financial risks.


Core First Year Modules for all 3 degrees

DATA ANALYSIS 1 & 2An understanding of basic statisticalreasoning is an essential requirementfor an economist, as is the ability to manipulate data in general andspecialised computer software.

This module aims to introduce you tostatistical data analysis, and to providetraining in the use of two types ofsoftware: a spreadsheet (Excel) andmore powerful statistical package(EViews). Data analysis 1 prepares youfor more advanced work in Part 2.

INTRODUCTION TO MICROECONOMICSThis module aims to• Provide a basic introduction to

microeconomic principles, theoriesand methods of analysis.

• Provide a framework for theapplication of microeconomic theories,

principles and methods of analysis to real-world economic problems.

This module provides an essentialtoolkit of microeconomics concepts and approaches for tackling economicissues on the other economics modulesin all three years of the programme.

INTRODUCTION TO MACROECONOMICSThis module aims to• Provide a basic introduction to

macroeconomic principles, theoriesand methods of analysis.

• Provide a framework for the applicationof macroeconomic theories,principles and methods of analysisto real-world economic problems.

This module provides an essentialtoolkit of macroeconomics conceptsand approaches for tackling economicissues on the other economics modulesin all three years of the programme.

MATHEMATICS POST GCSE OR POST A-LEVELThere are 2 options – Students withMaths GCSE only take post GCSEmathematics and those students withA-level Maths take Mathematics forEconomics Post A-Level. (BSc FinancialEconomics students must have A-Levelmaths and therefore will take the Post-A-Level module) Economics is atechnical discipline which requires a mathematical foundation. Thesemodules provide sufficient mathematicaltraining consistent with the ability todeal with the mathematical descriptionof the most important theoreticalconcepts contained in the rest of the economics course.

Module descriptions Please find below a small sample of module descriptions. For the complete list please visit city.ac.uk/economics/ug

Economics undergraduate student 2009/10

TOP TIPStrike a balance between yoursocial life, keep on top of youracademic studies from thestart and seek opportunitiesboth work/campus relatedthat will enable you to learn,expand your network andbuild on a skill set that willhave you oven ready for anyemployer once graduated.


Samplereading list


HOW WILL I LEARN?We teach the basic theoretical ortechnical points relevant to themodule, through lectures and seminarswhich enable you to actively exploreand develop your understanding ofthese points by means of discussion,problem-solving, computer exercises,and presentations.

HOW WILL I BE ASSESSED?Assessment in most cases is by meansof coursework and unseen examination.Coursework may consist of standardessays, individual and grouppresentations, group reports, classwork,unseen tests, and problem sets.

DURATION: Full-time – three years or four years including a year abroad placement.

Study format

JOHN SLOMAN AND ALISON WRIDE,.2009. ECONOMICS. 7TH EDITION.HARLOW: PEARSON.

LOUISE SWIFT AND SALLY PIFF,. 2010. QUANTITATIVE METHODS FOR BUSINESS, MANAGEMENT &FINANCE. 3RD EDITION. PALGRAVE.

FOR BSC ECONOMICS ANDACCOUNTANCY STUDENTS ONLY:ALIX ADAMS,. 2010. LAW FORBUSINESS STUDENTS. 6TH EDITION.HARLOW: PEARSON.

PETER ATRILL AND EDDIE MCLANEY,.FINANCIAL ACCOUNTING FORDECISION MAKERS.

You will be sent a full reading listbefore you join.

Economics undergraduate student 2009/10

TOP TIPBe calm and confident. Youmight get lost trying to findyour classroom, or you mightnot understand the lecturesyou attend. No matter whatthe situation, face it with confidence and maintain acalm attitude as this ensuresthat you are able to handleany kind of pressure.

Find out more now atcity.ac.uk/economics/ug

Phone enquiries+44 (0) 20 7040 8502

Email [email protected]

INDUCTION FOR NEW STUDENTS 19-23 SEPTEMBER 2011TERM 1 26 SEPTEMBER-9 DECEMBER 2011WINTER BREAK 12 DECEMBER 2011-1 JANUARY 2012 TERM 2 2 JANUARY-23 MARCH 2012 SPRING BREAK 26 MARCH-13 APRIL 2012 TERM 3 16 APRIL-15 JUNE 2012 (ASSESSMENT PERIOD) (16 APRIL-12 MAY 2012)

Provisional University term dates for 2011/12 – Please note dates may be subject to change and some courses have different term dates.


City University London Undergraduate Courses in Economics page 9City University London Undergraduate Courses in Economics page 8

Economics graduates are in great demand in professions such as banking, insurance, accountancy, fund management, managementconsultancy, development consultancy, telecommunications, the Civil Service, teaching, central banks such as the Bank of England and international bodies like the United Nations, the World Bank and the International Monetary Fund.

I have just graduated with a BSc in Economics from City. In September, I will start a Master of Philosophy in Economics at the University of Cambridge. The three years at City have been personally and intellectually rewarding and a degree in Economics is very versatile. Whether pursuing further studies or a professional career, a degree in Economics gives you a wealth of opportunities.Economics BSc student

I have just completed the 4-year Economics and Accountancy BSc.Looking back at my four years at City I can say that I have truly enjoyed theexperience and have found that my degree choice has help lay a strongfoundation to kick start me in the finance world. I was one of the very fewpeople who opted to take the opportunityto take a year out on industrialexperience. Given the timing, the creditcrunch was just beginning to bite businesses and hence the process wasvery difficult. I managed to secure aninterview and later a position at MorganStanley as a Finance intern for 11 months.The decision to take this on and ridethe steep learning curve was a literallya life-changing one. It helped me get togrips with many theories that I hadcome across at university in my first

and second year and enabled me toapply them to real-world scenarios. My skill-set grew and I had someweight on my resume a year before Ihad graduated. This help secure me asimilar position at Barclays Capitalwhich I am due to start this Septemberon the Finance graduate program.Economics and Accountancy BSc student

Career paths

Here’s a sample of what some of our students are doing...Economics BSc student

I just completed the 1st year of the BSc Economics. I’mdoing an internship this summer at Bloomberg whichis a big step forward to acareer I dream of. It is afantastic opportunity to learn about the company, theindustry and to acquaintancemyself with the world of finance.

Examples of job titles:Administrator, analyst, business analyst, trainee accountant, trainee consultant,corporate actions analyst, underwriting trainee, accounts manager, commercial client manager, managementaccount manager

Employers include:PriceWaterhouseCoopers,Goldman Sachs, Citigroup, Morgan Stanley, BDO Stoy Howard, KPMG,Ford Motor Company, RBS


DR VINCENZO MERELLASENIOR TUTOR

Dr Merella obtained a BSc in Economicsin 2000 and a PhD in Economics fromUniversity of Cagliari, Italy, and an MScin Economics at University College London. He is currently completing his PhD in Economics at Birkbeck, University of London.

Before joining City University as a Lecturer in Economics in September2008, he worked as a lecturer at theUniversity of Cagliari and has been avisiting scholar fellow at the Universityof Technology in Sydney, Australia.His current research interests includeFinancial Economics, InternationalTrade and Economic Growth.

DR RAVI MUKERJEECOURSE DIRECTOR BSC ECONOMICS AND ACCOUNTANCY

Dr Mukerjee is the Director of theEconomics and Accounting programmeand University Teacher in Economics.He obtained his PhD in Economics from the State University of New Yorkin Stony Brook, USA after writing and successfully defending a dissertationon Sequential Bargaining Games.

His interests are in the Economics of Asymmetric Information and Modelling of Bounded Rationality as a characteristic of human socio-economic behaviour. He is also interested in the role played by money in the economy.

At City University London he mainlyteaches quantitative modules such as Data Analysis for Economists,Econometrics and Intermediate Mathematical Methods as well as Intermediate Microeconomics.

DR JAVIER ORTEGAASSOCIATE HEAD OF DEPARTMENTTEACHING AND LEARNING

Dr Ortega received his PhD from DELTA(Ecole des Hautes Etudes en SciencesSociales, Paris) in 1996. He is a SeniorLecturer in Economics at City UniversityLondon and a Research Economist atthe Centre for Economic Performance(LSE). His main research areas areLabour Economics, the Economics of Language, and Political Economy.

Dr Ortega recently presented a paper onthe impact of immigration on the wagesand employment of French natives atthe World Meeting of the European and American Association for LabourEconomics (EALE-SOLE) and in aninternational conference in Barcelona.He gave an interview to the Spanishnewspaper La Voz de Galicia on theimmigration proposals of the three mainpolitical parties in the recent Britishelections and a TV interview to the Voiceof America on the current economiccrisis, and he also taught half of acourse in Introductory Macroeconomicsin the LSE Summer School.


PROFESSOR MICHAEL BEN-GAD HEAD OF DEPARTMENT

Professor Ben-Gad obtained his BA in Economics at Hebrew University of Jerusalem and his Associate Mastersand PhD from the University ofChicago. He has worked in the Research Department of the Bank of Israel, and taught at the University ofHouston and the University of Haifa.

He joined City as a Reader in 2007. His research focuses on DynamicMacroeconomics with applications to taxation, public debt, the economiceffects of immigration, as well as theemergence of multiple equilibria inmodels of economic growth. ProfessorBen-Gad has recently appeared on theBBC and on the Guardian websitediscussing the global financial crisis.

DR ANDY DENIS DIRECTOR OF UNDERGRADUATE STUDIES

Dr Denis worked for the Economist Intelligence Unit in the 1980s andjoined City University Business Schoolin 1990 as a researcher in financial development, moving to the EconomicsDepartment in 1991. He gained his PhD in 2002 with a thesis on “Collective and Individual Rationality”.His research interests are in the historyand philosophy of economics, and hehas published on Adam Smith, Keynes,Hayek, Malthus, the methodology ofthe Austrian School of Economics and the concept of equilibrium in neoclassical economics. In 2009 heguest edited a special issue of the International Review of Economics Education on pluralism in the teachingof economics. Dr Denis has recentlybeen elected a member of the ESHET(European Society of the History ofEconomic Thought) Council.

Academic profiles See the full list of Economics academic staff atcity.ac.uk/economics/ug

Dr Andy DenisDirector of Undergraduate Studies

Professor Michael Ben-Gad, Head of Department

TOP TIPYou will be taught the relevanttheory in the course of yourprogramme of studies, butwhat you need to start doingnow, and carrying on doingfor the duration of yourdegree, is to see howeconomic ideas interactwith the real world.


ENTRY REQUIREMENTSA-level grades: AAB340 UCAS tariff pointsIB: 35GCSE: grade B or equivalentin English language andmaths or statistics(Please note Financial Economics students are required to have A-Level Maths)

ENGLISH LANGUAGE REQUIREMENTS:• Grade B in GCSE

(or International GCSE)• Cambridge ESOL CPE

grade C or above• IELTS 6.5• TOEFL (internet based):

100 – 105• TOEFL (computer based):

250• TOEFL (paper based):

600

HOW TO APPLYApplications to our undergraduate courses openon the 1st September andclose on the 15th January(30th June for internationalstudents). Late applicationsafter this date will still beconsidered at our discretion.

All applications to our undergraduate degreecourses, including thosefrom mature students, mustbe made through UCAS. You can apply through yourschool or college using theUCAS online service ‘Apply’which enables you to applydirectly through the UCASwebsite (www.ucas.com). Independent applicantssuch as mature and international students can also use ucasapply.

The institution code for CityUniversity is C60, the coursecodes are provided in the individual course descriptionswithin this prospectus, aswell as within the UCAShandbook and website.

If you are still at school or college when you make an application, staff thereshould be able to assist withthis process offering youhelp and advice. If you areoutside the UK when youmake an application yourlocal British Council Office should be able to provide assistance.

THE FOUNDATION PROGRAMME FOR INTERNATIONAL STUDENTSWe offer a one-year foundation course leading to entry onto our Economicsundergraduate degreecourses. The course is taughtby City and Islington College(CIC), a long-standing partner of City UniversityLondon. Students on thefoundation course will beregistered at both CIC andCity University London withaccess to all academic facilities at both institutions.

The foundation course istaught over two semesters,beginning in September andending in June. Applicationsare made through UCAS and,once registered, studentshave a guaranteed route to a degree at the University

provided they achieve the required grades inacademic subjects and in English language.

We accept a large number of international students to our undergraduate courses every year, so if yourinternational qualificationsdo not reflect the graderequirements, then pleasefeel free to contact ourundergraduate admissionsadministrator:

• [email protected] • +44 (0) 207 040 8502

Application procedures




How to prepare for an Economics degree at City University London...

Dr Andy Denis, Undergraduate Course Director, offers the following advice to prospective City Economics students:

“There are two things you can do to prepare for your economics degree beforeyou come. (1) have a look at a standard introductory textbook – Sloman, andBegg, Dornbusch & Fischer are two good examples (we use Sloman in the firstyear at City), and (2) read the articles on economic issues in the quality press,especially The Economist and the Financial Times (you will be supplied withboth once you come here).

You will be taught the relevant theory in the course of your programme of studies, but what you need to start doing now, and carrying on doing for theduration of your degree, is to see how economic ideas interact with the realworld. Economics is a discipline full of controversy – for example, should the government make substantial cuts to public expenditure, as well as or in addition to increases in taxes, in order to reduce the national debt – now, later, or at all? Start now to engage with these debates by following them in the press and noting how the participants deploy evidence about the economy and theoretical arguments to support their case.”




90%of Financial Economics students are satisfied with their course

1(from 13,000 nominations)

according to the 2010 National Student Survey

City Economics student in this year’s Graduate 100 Awards

4exemptionsavailable to CityEconomics andAccountancystudents

1.3milesfrom City to the Bank of England

SCHOOL OF SOCIAL SCIENCESCity University LondonNorthampton SquareLondon EC1V 0HB

The information in this leaflet is correct at the time of going to press. The University reserves the right, arising from unforeseen events or circumstances beyond ourcontrol, to add or remove courses and to make changes in regulations, syllabuses, course options and modules, fees etc without prior notice. Fees quoted are for one year only. Complaints concerning the accuracy of information provided by the University in this leaflet and in related course brochures should be made to theAcademic Registrar. Any complainants who feel their complaints have not been dealt with satisfactorily may write to the Higher Education Quality Assurance Agency.

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undergraduate courses in economics - welcome to · pdf filet h e ovra lbj c tif m du s ......

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