Economics (Joint Honours)
What is Joint Honours?
A Joint Honours degree gives you the opportunity to study two subjects as one degree. This type of degree will broaden your skill set and enhance your career prospects.
You can combine any two subjects as long as they’re in different zones, find out what you can combine this subject with.
Why choose this course?
Study Economics alongside another subject to build a highly regarded degree which will equip you for success in a rapidly changing business environment.
- Focus on harnessing economics for real-world business scenarios
- Gain vital hands-on experience in our brand new Bloomberg Financial Markets Lab
- Apply latest economic theories to businesses, markets, industries and countries using up-to-the-minute data and information services
- Seize the opportunity to work on consultancy projects for businesses
- Take an optional placement year or summer internship to raise your professional profile
- Learn from inspirational experts at the forefront of the profession
- Develop a broad portfolio of business and analytical skills to enhance your career prospects
- Gain the ideal platform to join graduate management and financial training schemes or to progress to postgraduate studies
- Set yourself apart to prospective employers: a Joint Honours degree marks you out as resourceful and flexible
You can also study Economics for Business as a single honours subject.Show All
UCAS code: Y002
Start date: September
Course length: Full-time: three years (four years with a placement year)
Campus: Kedleston Road site, Derby Campus
College: College of Business, Law and Social Sciences
This course is available to international students
About this course
Economics influences almost every aspect of our everyday lives. By studying Economics as part of a Joint Honours degree, you will build an impressive CV and strengthen your career options for the future.
Our exciting new Bloomberg Financial Markets Lab is the ideal setting for you to gain hands-on experience, working with the same information and technology used by financial professionals all over the world.
You will gain vital insights into trading floor activities and financial market analysis, harnessing software used in financial markets worldwide and dealing with up-to-the-minute data. It will give you a whole new perspective on what it is like to work in this fast-paced arena.
We are one of only a few universities to have invested in such exceptional learning facilities in partnership with Bloomberg, the global business and financial information leader. It puts a wealth of data at your fingertips, including company and director profiles plus analysis of current affairs from Bloomberg Intelligence.
You will receive training from Bloomberg specialists, have access to their helpdesk and can even work towards the Bloomberg Market Concepts Certificate alongside your degree to boost your professional profile.
Applying economics to the real world
We specialise in applied economics, which will set you apart from graduates of more traditional economics degrees. The focus is on giving you a solid grounding in economic theory but then using that theory to address real-world challenges.
Your learning experience will be dynamic and stimulating, full of practical scenarios in which to hone your skills. You could find yourself creating an investment portfolio, taking part in business panel debates and broadcast interviews, presenting your economic analysis at conferences, or creating videos to bring your research findings to life.
Because our emphasis is on economics for business, you will engage with employers throughout your studies. We also encourage and support you to take an optional year-long work placement or summer internship to deepen your insights into how effective economic analysis can improve organisational practice.
Add substance to your CV
We offer you an exciting opportunity to gain an additional award to showcase your versatility and professionalism to potential employers. The Futures Award has been developed specifically for our Economics students and gives recognition to any extra-curricular activities you undertake to improve your employability and career development, build your experience of networking and advance your leadership and consultancy skills.
Your work towards the Futures Award could entail attending workshops on CV design and improvement; developing techniques for interviews, assessment centres or psychometric tests; taking part in networking events; or leading a small project within a student society or voluntary role.
Set your sights high
As part of your studies, you could showcase your know-how and raise your professional profile in prestigious competitions. In December 2016, our students scooped two major awards in the University Trading Challenge, pitting their wits against fellow undergraduates and postgraduate students from leading institutions countrywide.
The competition comprised a simulated trading market which tested the students’ abilities to strategise, analyse and present their ideas to a panel of traders and bankers in the City of London. This was the fourth year running that our University teams returned from this event with coveted awards.
Valuable insights from an expert team
Our industry experienced and research active teaching team will support and motivate you to achieve at a high level. They are undertaking influential research on some of the most pressing economic issues facing society, from behavioural economics to public policy, the green economy to the economics of innovation and technological change. They publish widely, including one of the main economics textbooks used in universities.
The team’s extensive links with the business community – as well as experts at the forefront of the profession – enhance the practical focus and currency of the degree.
There are numerous opportunities for you to meet and interact with businesses and industry experts. You’ll hear about latest developments in the City from high-profile figures such as our visiting professor, Lloyds Chief Economist Trevor Williams. Our students have also attended major events addressed by the likes of Dr Ben Broadbent, Deputy Governor - Monetary Policy for the Bank of England or have become active members of our Business and Entrepreneurial Society and our Network of Entrepreneurs.
Popular Joint Honours combinations
Because Joint Honours gives you the flexibility to cover two subjects in one degree, you will be able to demonstrate to potential employers that you are versatile and adaptable, with strong organisational skills and the capacity to work to deadlines.
You can study Economics as a major, joint or minor pathway. This means you can select the number of modules you want to take in your degree, finding the ideal study balance with a complementary subject.
Joint Honours subject combinations which might work particularly well include:
- Economics and Accounting
- Economics and Business Management
- Economics and International Relations and Diplomacy
- Economics and Journalism
- Economics and Mathematics
- Economics and Sociology
- Economics and Marketing
- Economics and Politics
- Economics and Business Enterprise
What you will cover
The modules you study will depend on whether you are taking Economics as a major, joint or minor pathway.
You’ll study modules such as:
Markets, Prices and Strategy
Go behind the business news headlines to develop your skills in analysing markets, pricing and business strategies. We will build your understanding of the economic information found in news reports and how it influences business decisions. Drawing on up-to-date case studies from around the world, we introduce you to microeconomic models and how these can be applied in a real context.
Introductory Mathematics for Economics
Delivered via a mixture of lectures and problem-solving seminars, this module combines basic economic theory with mathematical techniques. You’ll develop both your quantitative skills and your abilities to analyse data so that you are well equipped to make business decisions affecting everything from supply and demand to revenue, cost and profit schedules. We use real-world data, accessed via Bloomberg and other sources.
Market Failure Analysis
You’ll gain a broad understanding of the economic theory of market failure and the way it can be used to analyse consumer choice, business activity, market activity, industrial development and the impact of government policy. You will apply the theory to latest case studies, using real time data on firms and markets from the Bloomberg database. We help you develop your skills through a problem-solving approach and a mix of analytical exercises.
Introduction to Macroeconomic Concepts and Data
Building your knowledge of how the economy of a country works as a whole, this module looks at some of the ‘big issues’ in macroeconomics – economic growth, inflation, unemployment, debt and deficit. We analyse the ups and downs of the economy, including government monetary and fiscal policies, how interest rates are set and how taxation levels are determined. There is also the chance to engage with local businesses to discuss how macroeconomics affects their performance and productivity.
You’ll study modules such as:
Applied Intermediate Macroeconomics
You will focus your efforts on applying economic theory to real-world data, policies and current events so that you can make sense of the economic world around us and develop informed opinions about the issues of the day. We take an applied approach to macroeconomic topics such as economic growth, inflation, unemployment, financial markets, interest rates, investment, and policy making in an open economy. You’ll learn how to work with and present economic data in ways which are essential for business economists operating in today’s globalised world.
To become a good analyst, you need strong practical skills allied with an understanding of why, how and when different techniques are appropriate and the ability to interpret and communicate results to others. Through practical classes in computer labs, this module will develop your capacity to use Excel and SPSS software for economic analysis for business. We cover primary data generation, sampling, data extraction, manipulation and presentation as well as parametric and non-parametric tests.
We provide you with vital insights into pricing strategies, market concentration, market performance, and the organisation of firms including multinational enterprises. There is the chance to meet with business leaders to discuss how industrial structure and industrial policies affect their productivity. As part of the module, you will undertake in-depth analysis of the structure, conduct and performance of a selected industry.
Public and Third Sector Economics
This module will help you become a better-informed and engaged citizen as you explore topics which directly impact your everyday life, from the taxes you pay to the public transport you take. We examine issues such as the economics of democratic elections and voting; the power and control of bureaucracies; and the way traditional public sector administration is being reshaped to emphasise citizen participation and the involvement of the third sector such as non-profit organisations and charities. As part of the module, you will complete a 15-minute video on a topical issue relating to public and/or third sector economies.
Current Debates in Applied Economic Theory
From austerity to national debt, privatisation to inequality, this module enables you to delve into latest political debates and to apply economic thinking to a range of real-life contemporary issues. We adopt a historical perspective to build your understanding of economic theory and give you the chance to evaluate government responses to current issues. To complete the module, you will deliver a broadcast interview presenting your arguments on a topical theme, supported by written work applying economic analysis to the issues you discuss in your interview.
You can choose to take an optional placement year between stages two and three.
You’ll study modules such as:
International Business Economics
For this module we will discuss major global economic shifts and latest theories on the globalisation of business. You will deepen your understanding of international trade and foreign direct investment, examining the importance of government and institutions in controlling and regulating international business behaviour. You will also gain insights into the workings of the international financial system and the challenges faced by multinational companies when dealing with foreign exchange and interest rates.
Economics of Sustainable Business Growth
Culminating in a mini-conference to which you will contribute a poster presentation, this module focuses on how businesses can and should respond to sustainability issues. Using numerous real-life case studies and analysing the UN Global Compact, you will explore the ways in which businesses and governments can better integrate the needs of the environment, people and profits in the short and long term. You will develop your own ideas and propose potential solutions to the challenges of sustainable growth that face businesses at local, regional, national and international levels today.
Applied Economics Project
Drawing on your knowledge of economic perspectives, statistics, data collection and analysis, you will undertake a small-scale economic research project and develop skills which are critical for any economist working in business consultancy. You will be introduced to the work of professional economic analysts and engage with local organisations to identify what type of economic analysis would help their business. Your small-scale project analysis will be presented in the form of a final report, judged by a panel of economists and, where appropriate, business consultants.
Financial Risk Management
We introduce the methods that organisations can use to manage the risks of trading in global markets, including adverse movements in exchange rates and interest rates. This module enables you to develop practical skills in building a strategy to manage risk. Where possible, you will attend guest lectures from City of London risk managers to hear examples of real strategies operating in current markets.
Investing and Financial Markets
This module brings together major themes from economics, finance and psychology to develop your understanding of investment decision making, investor behaviour, regulation and financial markets in crisis. You will build your own portfolio of investments and assess its effectiveness and performance. You will also analyse issues like asset bubbles, bank failures and the problems of regulating financial activity in domestic and global markets.
We examine the special role played by the banking system in the world economy. You will analyse banks both as providers of services to international businesses and as international businesses themselves. You will also explore central banks and government involvement in financial markets through monetary policy and regulation. This module pays special attention to government intervention, ethics and the need to regulate banking.
The way UCAS Tariffs are calculated is changing in 2017. The entry requirement below reflects this change. Read more about these changes.
September 2017 typical entry requirements UCAS points 88-120* (up to 24 from AS-levels) Specific requirements at A-level N/A Specific requirements at GCSE Five GCSEs at Grade C or above, including Maths and English Interview / Audition N/A Portfolio N/A
Use our UniPoints app as a guide to calculate your UCAS Tariff points, search for courses and check entry requirements for 2017 and beyond.
*The UCAS Points required for entry will depend on the subjects you choose to combine. The subject with the higher entry requirements will determine your offer.
Our entry requirements for this course should be read together with the University's general entry requirements, which details subjects we accept, alternative qualifications and what we're looking for at Derby.
- How to apply
Fees and finance
Full-time Part-time UK/EU
£9,250 per year
£11,750 per year
Fees for 2018/19 entry are still being decided, so please check back later in the year for more information.
How you will learn
How you will learn
Real world learning is at the heart of this programme. The focus is on solving genuine business and organisational problems.
We use a compelling combination of interactive lectures, expert speakers, problem-solving seminars, group work, group discussion, workshops, case study analysis, computer lab work and practical analysis. Throughout your studies, you will also engage with businesses and external experts to discuss various economic issues and concepts.
At the start of the course you will benefit from substantial direction from our teaching team. As your studies progress, you are expected to work more independently, taking greater responsibility for your own learning – but always with the support and advice of your tutors.
How you are assessed
You will be assessed in a number of ways, from computer-based assessment and business reports to applied economics projects which showcase your analytical and quantitative skills. You are expected to develop professional analysis experience through data retrieval and quantitative analytics using Bloomberg and appropriate computer-based analysis harnessing Excel and SPSS.
Your research and consultancy skills are assessed via a mixture of poster presentation and reports. If you undertake the Applied Economics Project, you could have the opportunity to work on a live project involving a business.
Who you'll meet
At Derby you’ll discover a friendly and supportive learning community, with small classes where you will receive plenty of one-to-one advice.
You will be taught by an enthusiastic team who are experienced in all aspects of economics and whose research will enrich your learning. They are supported by industry experts, including our Visiting Professor of Banking, Professor Trevor Williams who is Chief Economist at Lloyds Bank PLC.
The teaching team includes:
Programme Leader for the BA (Hons) Economics for Business, Nicola is also Head of the Economics and Finance Division at Derby Business School. An applied economist researching on public policy issues, she has particular interests in areas such as the impact of business networks at micro and macro levels and the development of industrial, enterprise and economic policies. She is currently leading a research project which involves an economic impact study of the Buxton Festival. Nicola is dedicated to providing a learning environment where students can develop academically and personally, with a strong emphasis on teaching economics in an applied manner.
As well as teaching on this course, Melanie leads our MSc International Business and Finance and our MSc International Business and HRM. She is widely published and the joint author of a leading Economics textbook, published by Pearson Education and used extensively in universities. Her research focuses on applied economics, behavioural economics and financial market behaviour. As a teacher, she is committed to giving students a new way of looking at the world which nurtures their confidence, decision-making skills and a lifelong fascination with economics. She is the co-author of the University’s monthly Economic Bulletin.
Eugene leads our suite of International Business programmes at both undergraduate and postgraduate levels. His focus is on encouraging students to apply economic reasoning and critical thinking. His academic interests are centred on behavioural economics and their implications for personal financial wellbeing (particularly pensions) and the application of behavioural insights to macroeconomic and business policymaking. He is the co-author of the University’s monthly Economic Bulletin.
Senior Lecturer inEconomics and Finance, Weiwei teaches various modules on the course. Her research interests lie in areas such as banking efficiency, market competition, corporate governance and corporate social responsibility. Her teaching philosophy is to inspire students to move from passive to active learning.
Senior Lecturer in Economics and Business, Daphne has research interests which span applied economics, public economics, corruption, business performance, management practices and e-government. She gained valuable consulting and research experience at the World Bank and the European Bank for Reconstruction and Development.
Lecturer in Economics, Sayantan conducts research into areas such as international trade, economic development and public policy. He has published on various aspects of trade, economic growth and public expenditure in India.
Like most universities, we operate extended teaching hours at the University of Derby, so contact time with your lecturers and tutors could be anytime between 9am and 9pm. Your timetable will be communicated after enrolment on your course.
Careers and employability
A Joint Honours degree featuring Economics could be your stepping stone to a lucrative graduate training scheme or a well rewarded financial consultancy role.
Because we focus on problem-solving and practical economic analysis, your career scope will be broad and exciting. Your skills will be valued across the public, private and voluntary sectors anywhere in the world. Alongside roles in international business, consultancy and finance, you could pursue opportunities in government departments, development agencies, charities and not-for-profit organisations.
To enhance your future prospects and potential, our course features specialist career sessions for economists. These help you to build an impressive CV and social profile to assist in applications for placements, internships and jobs.
You can also consider progressing to any of the exciting masters programmes offered by Derby Management School – such as the MSc International Business and Finance, MBA Global Finance, MSc International Business, MSc International Business and HRM or MSc International Business and Marketing – and get a 10% alumni discount on your fees.
Key Information Sets
Economics can be combined with:
- AccountingView KIS Stats
- American Studies
- Business Enterprise*
- Business ManagementView KIS Stats
- Child and Family Health and Wellbeing
- Creative and Professional Writing
- Dance and Movement Studies
- Early Childhood StudiesView KIS Stats
- Education Studies
- Environmental Hazards
- International Relations and DiplomacyView KIS Stats
- JournalismView KIS Stats
- MarketingView KIS Stats
- MathematicsView KIS Stats
- Media Studies
- Property DevelopmentView KIS Stats
- PsychologyView KIS Stats
- Sport and Exercise Studies
- Television Production*
- Theatre Studies