Following a similar structure to BSc Economics, this course is particularly suitable if you are interested in studying international trade and international aspects of financial economics.
It will provide you with core training in economics, combined with a special focus on a range of aspects of international economics, including international trade and monetary economics, in which the school has a worldwide reputation.
Modules in international economics form a significant element of this course, but there is also ample opportunity to take modules offered by other schools in the University. As with the BSc Economics degree, there are two quantitative pathways through the degree: econometric theory or quantitative economics (applied econometrics).
As a graduate, you will have a thorough knowledge of economic theory and how it is applied to the real world, particularly in relation to international trade, monetary economics and globalisation. You will also be familiar with the key analytical techniques that economists use in practice.
In your first year, you will study the core of BSc Economics with additional modules in the economics of integration, focusing on the key principles and the largest customs union in the world: the European Union. If you have A level maths, you may choose either econometrics or quantitative economics and will take a year-long study skills module to ensure that your transition to university study is smooth.
This year will help develop your knowledge of the theoretical framework for international trade and money, including topics such as globalisation, off‑shoring, monetary policy and the business cycle.
There is a choice of quantitative pathways and those who wish to emphasise the international dimension of their degree can apply to spend a semester of their second year studying abroad, taking similar modules to your counterparts back in Nottingham or expanding your knowledge through other options.
Modules in international economics typically occupy half of your final year. Pitched at an advanced level, they cover a range of theoretical and applied topics in monetary economics, international trade and macroeconomics.
Under the guidance of your academic tutor, you will also undertake a year-long dissertation on a topic of your choice. Optional modules reflect the research specialisms of academic staff and make up around one-third of the final year. You can choose from those offered by the School of Economics or elsewhere in the University.
Our Foundation course route
Our Foundation courses give you another way to study for an undergraduate degree.
|BBB, excluding critical thinking and general studies
|30 points with 5,5,5 at Higher Level and 5 points in mathematics at Higher level or 6 points at Standard Level
|B+B+B+ excluding Pengajian Am
|2 As and 3 B3s, excluding Bahasa Malaysia and Chinese language
SAM or other Australian matriculations
|ATAR 86 (consideration to be made based on relevant subjects)
Canadian Ontario Grade 12 Secondary School Diploma (OSSD)
79% average based on 6 subjects with 60% in Calculus and Vectors and 70% in Mathematics of Data Management
Canadian Secondary School Diplomas from other provinces are acceptable and to be assessed based on the University's requirements.
Advance Placement (AP)
|4,4,4 in relevant subjects. Applicants taking non-preferred subjects may be made an offer across more than three subjects at Advanced Placement level.
Diploma - Other Institutions
|Acceptance to the second year is on a case by case basis (and at the discretion of the School) but normally would require an overall GPA of 3.3 (out of 4) or 70% and above (consideration to be made based on relevant subjects), and previous studies must meet the prerequisite requirements to the programme
Foundation - Other Institutions
|Acceptance is at the discretion of the School but normally would require an overall GPA of 3.3 (out of 4) or 70% and above (consideration to be made based on relevant subjects), and previous studies must meet the prerequisite requirements to the programme
The University of Nottingham Malaysia Foundation
|Sucessfull completion of any Foundation programme and meeting mathematics requirement.
In addition to the entry requirements listed above, those who have taken SPM/GCSE/IGCSE/High School Diploma or equivalent must have grade A in mathematics.
We strongly encourage all interested students to apply. Our students come to us with a diverse range of qualifications and we also consider applicants' personal statement, references and interview performance (if you have one) when making a decision. The only way for us to fully determine eligibility is through the submission of a completed application.
Entry requirements in the prospectus and website may not always apply and individual offers may vary.
English language requirements
||6.5 (with no less than 6.0 in each element)
||87 (minimum 20 in speaking and 19 in all other elements)
|GCE A Level English Language or English Literature:
|GCE AS Level English Language or English Literature:
||71 (with no less than 65 in each element)
|1119 (GCE-O Level):
|IGCSE (first language):
|IGCSE (second language):
|IB English A1 or A2 (Standard or Higher Level):
|IB English B (Higher Level):
|IB English B (Standard Level):
|IELTS ,TOEFL and PTE (Academic) test results must be less than 2 years old and all IELTS must be the academic version of the test. MUET results are valid for five years from the date of the release of results.
Typical core modules
Economic Integration 1
This module introduces you to the economics of integration. The module analyses the consequences for countries seeking closer economic integration through successively more ambitious forms. This begins with a limited trade arrangement, followed by a common market, which also allows free movement of capital and migrant workers, and a Single Market.
The final part of the module examines monetary integration, beginning with exchange rate stabilisation and then considering Monetary Union. The module aims to combine principles of economic analysis with an assessment of the impact of such measures on the member economies.
Economic Integration 2
This module introduces you to the economics of integration. It analyses the economic rationale for, and practice of, policy co-ordination and harmonisation both at the European and at a global level. An examination of the economic rationale for common EU policies is followed by an analysis of such examples as the common agricultural, trade and regional policies, and the operation of the European Budget.
At the global level cooperation in trade, finance and development policies is reviewed in relation to the operation of institutions such as the World Trade Organisation, the International Monetary Fund and the World Bank. The module aims to combine principles of economic analysis with an assessment of the impact of international policy coordination.
Introduction to Macroeconomics
This is a single semester introductory module in macroeconomics. Macroeconomics is the study of the aggregate economy, focusing on the cyclical pattern of aggregate output and co-movement of real and monetary aggregates in general equilibrium.
This module introduces a series of basic models used in modern macroeconomics, with a particular focus on dynamic general equilibrium modelling tools and techniques necessary to build theoretical models.
Introduction to Microeconomics
This module is an introduction to microeconomics, including behaviour of firms and households in situations of competitive and imperfectly competitive markets.
The first half of the module provides an introduction to the mathematical methods required for economic modelling, focusing on
- mathematical finance
- analysis of functions
- supply and demand
- matrix algebra
- optimisation subject to constraints
- Lagrange multipliers
The second half introduces the statistical methods and concepts most applicable in economics. The analysis of economic data necessarily proceeds in an environment where there is uncertainty about the processes that generated the data. Statistical methods provide a framework for understanding and characterising this uncertainty.
These concepts are most conveniently introduced through the analysis of single-variable problems. However, economists are most often concerned about relationships among variables. The module builds towards the study of regression analysis, which is often applied by economists in studying such relationships.
Typical core modules
This module is an introduction to international trade theory and policy. It covers the core trade theories under perfect and imperfect competition and applies them to understanding the pattern of trade, gains from trade and modern topics like foreign outsourcing. On the policy side, it examines the effects of different government trade policy instruments and the role of international trade agreements.
This module will address both the fundamental and applied aspects of macroeconomic theory. In particular, the module will focus on:
- introducing the modern theory of expectations and economic dynamics
- using this approach to think about short run fluctuations
- studying the role of macro policy on short run fluctuations
This module covers intermediate microeconomics including general equilibrium analysis, welfare economics, elementary game theory, and strategic behaviour of firms.
Applied Econometrics 1 and 2
Applied Econometrics I
An introduction to the theory and practice of econometric methods, focusing on regression analysis and its application to economic situations. This module will pay particular attention to the principles of estimation and inference in the multiple regression model, and will rely on illustrations and intuition to develop understanding of the techniques and their interpretation.
You will deepen your understanding of the material covered in class via a series of 'hands-on' computer classes using specialist econometric software (STATA) and a set of tutorials that will review worked examples.
Applied Econometrics II
An introduction to the theory and practice of econometric methods, focusing on regression analysis and its application to economic situations. It will focus on practical issues relating to data modelling and issues relating to model specification and testing.
It will also introduce you to regression analysis and forecasting using time series data. It will rely on illustrations and intuition to develop understanding of the techniques and their interpretation. You will advance your understanding of the material covered in class via a series of 'hands-on' computer classes using Stata. A set of tutorials will also examine topics discussed in the lectures through worked examples.
Typical optional modules:
This module is a general introduction to the economic problems of developing countries. The module will cover such topics as:
- the implications of history and expectation
- poverty, income distribution and growth
- fertility and population
- employment, migration and urbanisation
- markets in agriculture
- agricultural household models
- risk and insurance
Experimental and Behavioural Economics
This module provides a foundation in behavioural economics and the role of experimental methods in economics. The traditional approach in economics is to explain market outcomes and economic decision-making using simple theoretical models based on perfectly rational, self-interested agents who maximise their well-being by carefully weighing up the costs and benefits of different alternatives. Behavioural economics, on the other hand, aspires to relax these stringent assumptions and develop an understanding of how real people actually make decisions.
The module will introduce you to behavioural and experimental economics, discuss these fields from a methodological perspective and examine several areas of economic analysis in which they are applied. This will include individual choice under risk and uncertainty, decision-making in strategic situations and competition in markets.
This module will offer an introduction to some theoretical concepts related to the allocation of risk by financial institutions. Then it will apply these concepts to the analysis of financial and banking crises.
Typical core modules
Advanced International Trade 1 and 2
Advanced International Trade 1
The module covers:
- Economic policy for trade and international factor mobility: theory and evidence
- Trade policy and imperfect competition
- Trade and distortions
- The political economy of protection
- Trade policy reform
Advanced International Trade 2
This module looks at:
- Models of intra-industry trade
- Trade policy in oligopolistic industries
- Multinational Enterprises
- Testing trade theories
- The WTO and "new issues”
An independent research project, involving the application of techniques of economic analysis to a self-chosen research topic and the presentation of a written report. There will be lectures to provide general guidance on economic research methods and writing an undergraduate dissertation in economics.
- introduction to the dissertation
- types of dissertation
- literature reviews
- sources of datawriting up your dissertation
- data entry and data management
- an introduction to STATA
- descriptive statistics
- practical issues in regression analysismodel selection
- endogeneity bias
Typical optional modules:
Advanced Development Economics
This module adopts a broad focus on factors influencing growth and development. Topics covered include macroeconomic policies, aid, debt, trade; growth experiences in East Asia, China and Africa.
Advanced Financial Economics
The module covers:
- saving, focusing on how agents make intertemporal decisions about their savings and wealth accumulation
- saving puzzles and household portfolios, focusing on credit markets and credit markets imperfections, and why do households hold different kinds of assets
- asset allocation and asset pricing, focusing on intertemporal portfolio selection, asset pricing and the equity premium puzzle
- the role of behavioural finance in explaining stock market puzzles
The module will cover topics in advanced microeconomics and decision theory. The precise content may vary from year to year, but the module will start from the basis established by the Microeconomic Theory module.
Advanced Experimental and Behavioural Economics
This module provides a window on three important sub-areas of experimental and behavioural economics. The first focuses on design issues and individual decision-making, the next two sections focus on applications to the study of strategic behaviour and market behaviour.
You do not need to have studied experimental or behavioural economics before because all topics will be introduced at a level that will be accessible to the newcomer. The module is, nevertheless, suitable as a sequel to the year two module Experimental and Behavioural Economics because the contents of the two modules cover distinct, but complementary, topics.
International Money and Macroeconomics
This module will provide an introduction to international monetary issues, including the determination of exchange rates, and the functioning of the international monetary system.
Topics in Econometrics
This module is an introduction to applied time series forecasting techniques. Various methods of forecasting and their advantages as well as shortcomings will be discussed. The module will emphasize univariate time series forecasting methods, including that of Box and Jenkins (1970) and important advances made since.