IB: 33 points overall with Three HL subjects at 655
3 years full-time
Study economics for a constantly changing world. This degree offers you formal and rigorous training in economic theory and real world application, and allows you to specialise in a key area of the modern economy.
Today economics means change. New technologies constantly reconfigure how markets work. New emerging countries from around the world reshape the world economy. At Goldsmiths we encourage you to face these new and evolving challenges by thinking outside the box and marrying innovation with tradition.
- economic analysis
- finance and accounting
- maths and statistics
- quantitative methods
- communication and presentation skills
But your degree does not stop there. You will be given a choice of five minor specialisations. You can choose the one that best suits your interests and future plans. These minor specialisations are:
- Communication and Technology
- Markets and Organisations
- Human Behaviour and Choice
- The Creative Impulse
- Concepts, Ideas and Perspectives
This choice makes your degree unique. You’ll be given a wide variety of modules from world-leading departments around Goldsmiths for you to explore these topics and develop links that will give you a niche in today’s competitive labour market. Any generic economic degree gives you the training you need to be an economist. But here we provide something on top of that, an understanding of the wider social and business context of economics, so that you will be able to effectively use the economist’s toolbox to solve the problems that you find interesting.
Because we want to provide you with all the support for your future career you will be given the opportunity to apply for a limited number of placements that the College would source. These occur at the end of your second year and constitute a 15-credit option towards your degree. Placements enhance your CV, bring theory and practical experience together, and help you develop industry contacts.
Students are also able to undertake a work placement or traineeship abroad in a wide variety of organisations. As a student at Goldsmiths, you could receive an Erasmus+ grant for a traineeship at a company, organisation or university in Europe. Find out more about Erasmus+ traineeships.
Through the Erasmus programme, you can spend half of your second year in a university abroad. You can choose modules there and immerse yourself in a different culture and academic environment, with the option of learning or improving a foreign language.
Why study economics at Goldsmiths?
Goldsmiths is the ideal environment to explore economics in new and imaginative ways informed by our current research. We teach economics in a pluralist way that takes account of the different traditions and schools of thought within economics. We have a very active team of academic economists who publish articles, books and online material for researchers, students and the public. A recent project is Economics: Past, Present and Future, an online resource produced and maintained by Economics at Goldsmiths and used across universities in the UK. On this website, students can find a series of interviews of celebrated economists such as Sheila Dow, Geoff Harcourt, Charles Goodhart, Tony Lawson, Julie Nelson and Ha-Joon Chang.
The Institute of Management Studies is highly interdisciplinary and has academics researching not only in Economics and Political Economy, but also in Consumer Theory, Management, Business Psychology, Strategy, Innovation and Entrepreneurship. The Goldsmiths research community that you will come in contact with is in fact even larger, and includes leading experts from Sociology, Psychology, Computing, Media Studies, History, Politics, Design and other departments teaching optional modules for the BA Economics degree.
Goldsmiths has an active centre for interdisciplinary research in Economics and Political Economy (PERC), which brings celebrated speakers into Goldsmiths from around the world, and also runs an economics seminar series. Through these events, you’ll have access to celebrated economists, business leaders, and policy practitioners.
Economics at Goldsmiths stands on the crossroad of two exceptional gifts given by the Goldsmiths Company to the University of London. One is the College itself, which became a part of the University of London in 1904. The second is the Goldsmiths Library of Economics, bought by the company from HS Foxwell in 1903, and housed, to this day, at the Senate House Library. With more than 70,000 printed books, pamphlets, periodicals, manuscripts, broadsides and proclamations from the fifteenth to the twenty-first century it is, together with the Kress Library at Harvard University, one of the two best-known collections in the world on the history of economics and business.
We are proudly celebrating being part of this tradition by running a third-year module in our BA Economics programme, Manias, Bubbles, Crises and Market Failure. In this module, we discuss past economic crises by utilising the substantial resources of the Goldsmiths library, as the past can give us lessons on how to deal with and overcome future crises.
Contact the department
If you have specific questions about the degree, contact Dr Ivano Cardinale
What you'll study
This degree operates a formal system of minor specialisations, also called streams, which are explained in detail below. The core element of this degree, that all students have to take, are a number of modules that provide students with a comprehensive training in Economic theory and application.
The Economics modules that all students take are:
Year 1 (credit level 4)
|Introductory Economics||30 credits|
|Economic Reasoning||15 credits|
|Perspectives from the Social Sciences||15 credits|
|Mathematics for Economics and Business||30 credits|
You will also have the choice of optional modules to the value of 30 credits.
Year 2 (credit level 5)
|Intermediate Microeconomics||15 credits|
|Intermediate Macroeconomics||15 credits|
|Quantitative Economics||15 credits|
|Applied Quantitative Economics||15 credits|
|History of Economic Ideas||15 credits|
|Economic History||15 credits|
You will also have the choice of optional modules to the value of 30 credits.
Year 3 (credit level 6)
In your final year, you take three core modules:
|International Economics||15 credits|
|Public Economics||15 credits|
|Communications and Presentation Skills||15 credits|
You also take either:
|Individual and Institutional Economic Behaviour||15 credits|
|Manias, Bubbles, Crises and Market Failure||15 credits|
You will also have a choice of optional modules up to the value of 60 credits. Modules from your chosen minor specialisation make up the remaining credits for each year of study.
Examples of optional modules in Economics include:
|Finance and Accounting||15 credits|
|Introduction to Economic Policy||15 credits|
|Consumer Behaviour||15 credits|
|Political Economy||30 credits|
|Ethics and Economics of Environmental Protection||15 credits|
|Finance and the Global Political Economy||15 credits|
|International Political Economy 2||15 credits|
|Advanced Econometrics||15 credits|
|Further Mathematics for Economics||15 credits|
|From National Statistics to Big Data||15 credits|
|Topics in Mathematical Economics||15 credits|
|Development Economics||15 credits|
|Topics in Economic Policy||15 credits|
|Money, Banking and the Financial System||15 credits|
Assessment is by a variety of essays, reports, exams and projects.
Choosing your Stream:
The unique feature of this degree is the choice between the different streams that you can take over your three years. These streams explore links between Economics and related disciplines, and different streams offer modules from the following subject areas: Management, Entrepreneurship, Computing, Psychology, History, Sociology, Media, Anthropology and the Arts.
Goldsmiths’ excellent reputation in all of these subject areas means you’re getting a unique educational experience and each year will provide you with a new level of learning that combines what you have learned previously in economics and in the interdisciplinary streams.
More specifically, in your first year you choose two ‘taster’ modules from two different streams to be taken in the second term of year one. These two modules will help you decide which of the streams you like best and wish to continue with for the next two years.
However, the programme continues to be flexible, as you are able to choose more economics modules from choices offered if you wish, or change streams up until the start of the third year, provided you have taken modules shared between the relevant streams. This means you do not need to worry about making the ‘wrong’ decision in your first year, as you do not choose your third year modules until the second term of your second year.
A summary of what you will learn in each stream can be found below:
I: Communication and Technology
Today communication means technology. This stream explores the new forms of social communication, from the advent of the internet in the 1990s until today and how this has changed how human beings communicate with each other and how they engage in mass, public debate. The stream aims to explore the technological elements of this communications revolution, how it has changed what media does, and how it has transformed society at large. You will learn about these changes both from a practical and a theoretical perspective, and will consider how the information revolution has changed how the economy works.
II: Markets and Organisations
What is a market? How do markets function? In this stream you will explore the differences between markets and other types of organisations found in the modern economy. Through sociology you will explore the different types of social organisations, and how different cultures build and operate their markets. Through History and Politics you will explore the origins and ideology of today’s market system. Furthermore, through a number of modules offered by the IMS you will focus on management, strategy and other aspects of how organisations function in the modern marketplace.
III: Human Behaviour and Choice
How humans freely choose between competing products and services is a core question of economics. This stream will contrast the economist’s approach to choice, with the work of Anthropologists, Psychologists and Sociologists. You will be asked to explore not only the different findings of these disciplines, but also how they go about analysing human behaviour. The purpose is to familiarise you with a verity of tools and perspectives on human behaviour to supplement your economics training and see its broader social and psychological context.
IV: The Creative Impulse
Goldsmiths’ research and teaching in creativity, design and the arts is world renowned. This stream creates unconventional connections between the artistic world and the social sciences. Design, Drama and Theatre Arts explore human creativity but also engage in creative activity, whereas Sociology, Psychology and Economics try to rationalise and analyse the process. In this stream you will explore this creative impulse and its psychological and social implications; you will analyse it, but also, realise that some of the magic is beyond the reach of the social scientist.
V: Concepts, Ideas and Perspectives
What makes the economist’s viewpoint so distinctive across the social sciences? This stream explores in depth the context of economic ideas. Politics explores how economic ideas are not value free but have a strong ideological basis. History shows how ideas developed from special societal conditions, and how they change as circumstances change. Finally, Sociology explores the social setting of economic ideas, and how different societies understand and implement key economic concepts. In this stream the student will explore how economic ideas shape our world and why they are so powerful in shaping modern society.
In each of these streams you will be given a range of modules to choose from throughout the three years. Thus, this system offers you substantial freedom for you to personalise your educational experience and explore areas of knowledge that interest you.
If you would like to find out more about your module choices throughout this degree, please see this presentation explaining your options.
This programme is taught through scheduled learning - a mixture of lectures, seminars and workshops. You’ll also be expected to undertake a significant amount of independent study. This includes carrying out required and additional reading, preparing topics for discussion, and producing essays or project work.
The following information gives an indication of the typical proportions of learning and teaching for each year of this programme*:
- Year 1 - 15% scheduled learning, 85% independent learning
- Year 2 - 14% scheduled learning, 86% independent learning
- Year 3 - 15% scheduled learning, 85% independent learning
How you’ll be assessed
You’ll be assessed by a variety of methods, depending on your module choices. These include coursework, examinations, group work and projects.
The following information gives an indication of how you can typically expect to be assessed on each year of this programme*:
- Year 1 - 54% coursework, 46% written exam
- Year 2 - 50% coursework, 50% written exam
- Year 3 - 66% coursework, 28% written exam, 6% practical
*Please note that these are averages are based on enrolments for 2016/17. Each student’s time in teaching, learning and assessment activities will differ based on individual module choices.
Credits and levels of learning
An undergraduate honours degree is made up of 360 credits – 120 at Level 4, 120 at Level 5 and 120 at Level 6. If you are a full-time student, you will usually take Level 4 modules in the first year, Level 5 in the second, and Level 6 modules in your final year. A standard module is worth 30 credits. Some programmes also contain 15-credit half modules or can be made up of higher-value parts, such as a dissertation or a Major Project.
Please note that due to staff research commitments not all of these modules may be available every year.
We accept the following qualifications:
International Baccalaureate: 33 points overall with Three HL subjects at 655
Access: Pass with 45 Level 3 credits including 30 Distinctions and a number of merits/passes in subject-specific modules
Scottish qualifications: BBBBC (Higher) or BBC (Advanced Higher)
European Baccalaureate: 75%
Irish Leaving Certificate: H2 H2 H2 H2
We also accept a wide range of international qualifications. Find out more about the qualifications we accept from around the world.
If English isn’t your first language, you will need an IELTS score of 6.0 with a 6.0 in writing and no element lower than 5.5 to study this programme. If you need assistance with your English language, we offer a range of courses that can help prepare you for degree-level study.
You should have at least Grade B/Grade 6 in GCSE Economics, Maths or Statistics.
Fees & funding
This degree equips you with an array of skills that will help you stand out in the marketplace and launch your career. Through our modules you will learn economic theory and application, and practice your skills in writing, presenting and data analysis. Furthermore, in the work placement module option at the end of the second year, you will:
- Learn to apply previously-gained, theory-derived knowledge to a practical project within a host organisation
- Gain transferable skills and create a strategy for further skills development and career preparation
- Gain an insight into the working environment and the career options within an organisation
- Develop competencies and traits required to succeed in your chosen career path
This programme was created to give you a diverse set of skills that will help you to successfully overcome the challenges of a constantly evolving economy. We help you develop not only the technical skills necessary in becoming a successful economist today, but also the ability to understand economic change and adapt as the world changes. This prepares you for a number of careers in a wide variety of industries.
As an economist you will gain competence in the following fields:
- Macroeconomic and Microeconomic Analysis
- Maths and Statistics
- Finance and Accountancy
- Quantitative Methods from a theoretical and practical perspective
- Data analysis using computer programs
- Presentation skills and report writing
The structure of this programme of studies also equips you with the following skills:
- An ability to explain economic ideas to non-economists in government and the business world
- A knowledge of the limits of economic models for analysing real world data
- An understanding of the economy that can meet new challenges and unforeseen crises
- A personal philosophy of how the economy works that distinguishes you from the crowd
You'll also gain skills in teamwork, time management, organisation, critical-thinking, reflection and independent research. All of these skills are greatly sought after by graduate employers.
The pioneering element of this degree is that it allows you to choose the minor stream that will help you find your niche in the labour market. This niche will be useful for gaining employment with the traditional employers of economists, which are:
- Government departments
- National and regional development agencies
- Economic Consultancies
- International and supranational organisations such as the United Nations and the European Union
- Commercial and Investment Banks
- Insurance Companies
It'll also give you a competitive edge over candidates that have only developed an economist's viewpoint in jobs where knowledge in the other aspects - creative, entrepreneurial, psychological, and social - of market activity are important.
The following two examples will give you an idea of how the streams can add to your economics training by adding further skills:
- Markets and Organisations stream: you will gain an understanding of how firms behave in real market scenarios. Employers in a variety of business fields ( e.g. management, consultancy, retail, insurance, sales, etc.) want graduates that have a good background in economics but also an understanding of management, accounting, marketing, strategy or/and applied consumer choice
- Communications and Technology stream: this will give you an understanding of the use of technology in disseminating information. This is an essential skill for anyone working in financial journalism, company and government press offices, newspapers, sales and marketing teams, or in policy oriented ‘think tanks’