Economics

Economics is the study of how individuals, firms, markets, governments and other institutions combine to produce and distribute goods and services in order to achieve desired outcomes for society, and how effective they are in doing so.

The application of economic theory has also evolved to explore contemporary issues such as the causes and impact of the financial crisis and the proposed solutions, the effects of trade, globalisation, corruption and climate change on economic development. Each of our five undergraduate Economics degree programmes combine high academic standards with rewarding career prospects.

You will have flexibility to choose optional modules to suit your interests and career requirements, and the opportunity to study overseas or undertake a period of industrial experience.

An important part of our teaching strategy in Economics, and unique to our Business School, is the regular use of teaching experiments in our lectures and tutorials. In fact, the use of economic classroom experiments is embedded into many economics modules as we believe the best way to think like an economist is to act like one. You might, for instance, participate as a buyer or seller in a market experiment; as a bidder in an auction experiment; or as a firm in an oligopoly experiment.

In addition to traditional economic models, you will also be exposed to recent behavioural theories that incorporate human limitations to rational decision making. For example, you will discuss the merits and effectiveness of nudging, the desire to help people make better choices about wealth, and happiness in the most cost effective way. Through our state of the art research laboratory FEELE (Finance and Economics Experimental Laboratory at Exeter) you will also be able to participate in cutting edge research.

Economics is a technical and rigorous subject, and graduates leave equipped with a valuable range of personal skills and a broad education.

Students wishing to pursue a programme with a high mathematical content should consider Economics, Economics and Finance or Economics and Econometrics, and those wanting less mathematical content should consider Business Economics or Economics and Politics.

There is no requirement for you to have studied economics before coming to us, as we will not assume any prior knowledge.