The University of Warwick is a public research university located in Coventry, England. Founded in 1965, it has quickly established itself as one of the UK's leading universities, consistently ranking in the top ten in national league tables. Warwick has a reputation for academic excellence, particularly in the fields of business, economics, engineering, and the humanities. The university is known for its international outlook and has a diverse student body, with students from over 150 countries. With a strong commitment to research and innovation, the University of Warwick is a dynamic and exciting institution that offers a world-class education to its students.

Core modules
The first consists of four core modules and up to three options The second has five core modules and no optional modules In the third there are two core modules and up to four optional modules and a research project

Within your course regulations we will permit you to choose any-specific option offered by any department in the University provided that you satisfy the pre-requisites or other requirements for that module and that the offering department permits you to take the module

The final degree classification is determined by your second and final marks and each contributes 50%

Important information

We are planning to make changes to our Economics and Industrial Organisation (BSc) degree for 2024 entry Changes to core modules go through the University's rigorous academic processes As module changes are confirmed we will update the course information on this webpage It is therefore very important that you check this webpage for the latest information before you apply and prior to accepting an offer Sign up to receive updates

Year One
Macroeconomics 1
You will consider the fundamental determinants of Gross Domestic Product unemployment and inflation and look at how these variables interact in the short-run By the module’s end you should have become familiar with a range of macroeconomic issues including topics on theories of consumption and investment government finances the Phillips curve and monetary rules You will be able to use the correct terminology and measurement practices of macroeconomics There will be opportunities to apply your learning by devising simple structural models including definitions assumptions and the behavioural characteristics of key agents using both mathematical and graphical techniques

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Microeconomics 1
On this module you will gain a thorough grounding in the basic principles of microeconomics and study several applications of theory with the aim of being able to demonstrate your knowledge of major topics including supply and demand consumer theory and behavioural economics competition profit maximisation and cost minimisation oligopoly game theory and collusion and the work of the major theorists Bertrand Cournot and Stackelberg You will learn to use appropriate terminology in a wide range of more advanced topics relevant to microeconomics such as Nash equilibria asymmetric information and moral hazard

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Quantitative Techniques
This module combines two modules Mathematical Techniques and Statistical Techniques You will cover topics ranging from algebra and calculus to distributions and hypothesis testing which will provide you with key skills and knowledge that will then applied in many other modules In addition you will be introduced to some advanced statistical software packages which will help you learn about a range of techniques to analyse data and different ways in which you can present data

Read more about these modules including the methods of teaching and assessment (content applies to 2021 22 of study)

Mathematical TechniquesLink opens in a new window
Statistical TechniquesLink opens in a new window
Foundations of Finance
The module will introduce you to the key concepts of Finance giving you good preparation to study more advanced modules in related disciplines It will teach you the main theories and models of Finance (and the assumptions that underpin them) enabling you to apply these theories to the financial press that you are encouraged to read daily You will cover topics including present value of expected future cash flows estimating the cost of capital the Efficient Markets Hypothesis Interest-rate parity and purchasing power parity theorems in the context of foreign exchange You will also consider various shareholder ratios and learn about constructing spreadsheets to calculate net present values and internal rates of return You will learn how to critically analyse and reflect on the limitations of models and develop the tools to solve numerical problems and analyse case studies

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Plus up to three optional modules

Year Two
Macroeconomics 2
On this module you will learn to understand and apply the core theoretical models used in macroeconomics for both closed and open economies in order to enhance your comprehension of real-world macroeconomic experiences especially involving macroeconomic policy By the end of this module you should be able to present clearly and methodically your understanding of a variety of common theoretical models and their inter-relationships including through the use of equations and graphics We will typically cover all major areas including but not limited to flexible pricing and sticky-price models; consumption and growth; wage-setting and unemployment; fiscal and monetary policy; international trade and exchange rate systems; and international financial markets

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Microeconomics 2
You will gain a solid understanding of intermediate and some advanced principles of microeconomics and be exposed to a range of applications of theory You will spend time on the use of mathematical concepts in the field for analysis and cover important principles of general equilibrium and social welfare market failure choice and uncertainty and static and dynamic games of complete and incomplete information By the end of this module you will be able to analyse a range of microeconomic concepts using a range of approaches including graphical and mathematical techniques and apply your knowledge to policy issues and to the analysis of different sectors

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Econometrics 1
You'll be equipped with important skills of both academic and vocational value being an essential part of the intellectual training of an economist and also useful for your future career This includes an awareness of the empirical approach to economics; experience in analysis and use of empirical data; understanding the nature of uncertainty and methods of dealing with it; and using econometric software packages as tools of quantitative and statistical analysis With the required necessary skills and knowledge to critically appraise work in applied economics you'll have a good grasp of the dangers pitfalls and problems encountered in applied modelling You will then be able to apply this knowledge to a research project of your own

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Industrial Economics 1 Market Structure
Why are firms grouped together in industries in particular ways? How do the interactions between firms influence efficiency profits technical progress and welfare? What are the determinants of profitability? Does oligopoly always lead to collusion? These are some of the questions you’ll engage with as you study the nature of market power in industrial economies This module will see you finding empirical support for theoretical models of economic performance and solving algebraic problems as part of a team in order to refine your understanding of economic models and increase your grasp of the methodology of economic model-making including through the study of game theory and the work of Bertrand Cournot and Stackelberg

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Industrial Economics 1 Strategic Behaviour
You will develop your understanding of a range of business-pricing and related practices including advertising auctioning franchising consumer switching behaviour and vertical integration through the lens of economics moving from abstract modelling to applying strategies to real-life situations You will learn how opportunities and constraints in pricing apply to different groups of consumers including consideration of the influence of technological change and will analyse the extent to which the models are supported by empirical studies Practical work will enable you to refine your ability to structure an argument and work as part of a team towards the achievement of specific objectives

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Year Three
Research in Applied Economics
You will have the opportunity to deepen and consolidate your knowledge by applying your understanding of economic theory to a research question that arouses your curiosity You will use a combination of economic analysis and statistical and econometric techniques to formulate and pursue your research interest supported by lectures on research methodology and supervision by a member of academic staff who will support your research towards an independent project The work will increase your confidence in formulating economic questions and the scientific method of developing a suitable approach conducting a literature review and data searches identifying and testing hypotheses and using your findings to construct coherent persuasive scholarly arguments presented in both written and oral form

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Industrial Economics 2 Strategy and Planning
On this module you will study more advanced economics topics in the modern theory and modelling of industrial organisation You will increase your ability to formulate model and analyse issues such as multi-market monopolies dynamic competition advertising and obfuscation product differentiation and behavioural industrial organisation The module will place a special emphasis on the increasing importance of platforms and two-sided markets such as Uber and AirBnB alongside more traditional digital platforms such as Amazon and eBay

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Industrial Economics 2 Market Economics Competition and Regulation
This module aims to enable students to put industrial organisation theory into a practical context focusing on the regulation of utility industries and competition policy issues As such it will provide students with an opportunity to analyse policy issues arising in different market structures This module will also help enable students to build an understanding of how economics informs policy-making and how to apply effective policy in the areas of regulation and competition policy

Read more about the Industrial Economics 2 Market Economics Competition and Regulation moduleLink opens in a new window including the methods of teaching and assessment (content applies to 2022 23 of study)

Plus up to four optional modules

Optional modules
Optional modules can vary from to Example optional modules may include

World Economy History and Theory
Environmental Economics
Development Economics
Labour Economics
International Trade
Financial Economics
Behavioural Economics
Public Policy

• The University of Warwick is a world-renowned public research university located in Coventry, England. Established in 1965, it has rapidly established itself as one of the leading universities in the UK and the world, consistently ranking in the top ten in national and international league tables.
• Academic excellence is at the heart of the University of Warwick, with a reputation for excellence in fields such as business, economics, engineering, and the humanities. The university has four faculties: Arts, Science, Social Sciences, and Medicine, with over 30 academic departments and more than 300 degree courses at undergraduate, postgraduate, and doctoral levels.
• The Warwick Business School is one of the most respected business schools in the UK, with an international reputation for excellence in research and teaching. It offers a range of undergraduate, postgraduate, and executive education programs, including the highly regarded Warwick MBA.
• The university's commitment to research is evident in its world-class research facilities and centres, which focus on areas such as energy, healthcare, and digital technologies. Warwick is also home to a number of research institutes and centres, including the Warwick Manufacturing Group, the Warwick Medical School, and the Warwick Centre for Applied Linguistics.
• The University of Warwick is also renowned for its international outlook, with a diverse student body representing over 150 nationalities. It has strong partnerships with universities around the world, with opportunities for students to study abroad and for international students to study at Warwick.
• The university has a strong commitment to innovation and entrepreneurship, with numerous initiatives and programs aimed at supporting student startups and promoting innovation. The Warwick Enterprise Hub provides students with access to resources and support to develop their business ideas, while the Warwick Innovation Centre offers incubation and office space for startups and small businesses.
• The University of Warwick has a beautiful campus that spans over 700 acres and features state-of-the-art facilities, including a modern sports centre, a world-class arts centre, and numerous research facilities. The campus is located in Coventry, a historic city in the heart of England with excellent transport links to London and other major cities.
• In conclusion, the University of Warwick is a world-class institution that is known for its academic excellence, commitment to research and innovation, international outlook, and beautiful campus. With a diverse and dynamic student body, the university offers a rich and rewarding academic experience that prepares students for success in their chosen fields.

You will need to book the accommodation after you have been accepted.

You can choose to live on campus or off campus in private accommodation.

• Make a booking online after you have been accepted (in this case please let us know your choice when you apply).
• Register when you arrive - its not possible to reserve a room before arriving. You can arrive a few days before and book it