Economics with Political Studies with a Year in Business

Core Modules

Year 1

You will take the following modules in Economics:

• Principles of Economics

  Principles of Economics is a first-year undergraduate module in how the economy works. The module is suitable for students with or without A-Level economics or equivalent. We will cover the basic theories of macroeconomics (that of the economy as a whole) and microeconomics (the behaviour of individuals, firms and governments and the interactions between them).

  The module adopts the state-of-the-art CORE approach (Curriculum Open-access Resources in Economics) to teaching Principles of Economics. The approach has three pillars which we rely on throughout the module:

  • Formulate a problem that our society is facing now or has faced in the past;
  • Build a theory to explain and solve the problem;
  • Evaluate the usefulness of the theory by using data observations and more novel theories.
• Data Skills for Economists

  Data Skills for Economists is about understanding the data we encounter constantly in everyday life and the data that social science researchers create as they explore and analyse the world around us. We'll endeavour to understand such questions as:

  • Where does data come from and how can we harvest it?
  • What useful information does the data contain?
  • How can we create new data to generate useful insights?

  Computers equipped with statistical software are a big part of the answer to the third question (above) so, accordingly, you'll spend much of your time learning to analyse and display data using the R statistical software package (R is the industry standard).

  We'll develop an ethos of clear communication of numerical information that will be supported by our growing understanding of statistical concepts and our growing proficiency with computers.

  Simultaneously, we'll delve into the seamy underside of the tricksters who try to fool you with falsified data. Understanding their game can provide at least some degree of inoculation against their attacks.

• Mathematics for Economics

  The aims of the module are to cover the basic mathematical and quantitative tools used by economists every day. The module gives an emphasis to the mathematical tools, which are applicable to solving a wide range of economic problems. The first half of the module is devoted to linear algebra, specific functions of one and more variables used in economics, manipulating those functions and finding their minima and maxima. In addition, the first half of this module delivers the rules of integration and differentiation, which prepares the you to apply constrained and unconstrained optimisation techniques in their subsequent 2nd and 3rd year of studies. Constrained and unconstrained optimisation techniques are also discussed. The second half of the module is devoted to optimisation theory which in turn will use the concepts of vectors and matrices, drawn from linear algebra, and require the study of concave functions. The knowledge of matrices will help you solve systems of linear equations, which are used in both microeconomic and macroeconomic planning and forecasting.

• Employability 1

  This module will be composed of an introduction to Employability, library resources, team building, and CV making. Career services will provide a session on self-awareness and decision making and library services will present their relevant resources. Finally, the Economics department will organise some team building exercises.

You will take the following module in Political Studies:

• Introduction to Politics and Government

  This module will introduce you to the academic study of politics and to the ‘real world’ of contemporary politics. As a foundational course, it will give you all the essential tools to understand the nature of politics and analyse the way different political systems work. You will be introduced to key concepts such as politics, power, rights, ideologies, democracy and representation, and will learn about the different actors, institutions and processes that make up politics today.

Year 2

• Macroeconomics

  In this module you will develop an understanding of macroeconomics and macroeconomic policy-making. You will look at a variety of contemporary and historical macroeconomic events, and the differences between the short, medium and long run. You will consider why some countries are rich and some are poor, why different economies grow at different rates, and what determines economic growth and prosperity. You will examine the role of monetary and fiscal policy, its impact on the economy and its limitations. You will also analyse how taxation, budget deficits, and public debt affect the economy.

• Employability 2

  Career services will provide a session on how to be ready to apply for an internship at the end of the second year. Students will prepare for a psychometric test and will undertake a series of a mock interviews in order to improve their interview technique. Finally, students will attend at least one Econ@Work talk to be aware of professional life and challenges.

You will take one of the following modules:

• Microeconomics

  In this module you will develop an understanding of the models of individual optimisation and their applications. You will look at the key determinants of an individual’s behaviour in a variety of circumstances and the behaviour of firms in different market environments, such as perfect competition, monopoly and oligopoly. You will consider how changing circumstances and new information influences the actions of the economic agents concerned, and examine the properties of competitive markets and the need for government intervention to correct market failures.

• Microeconomics

  In this module you will develop an understanding of the behaviour of individuals and firms in the economy. You will look at models of individual optimisation and their applications, considering the key determinants of an individual’s behaviour in a variety of circumstances. You will examine the behaviour of firms in different market environments such as perfect competition, monopoly and oligopoly, and the factors which are important in shaping the decisions that firms make in each market environment. You will learn to manipulate and solve diagrammatic and algebraic models of microeconomics, analysing the properties of competitive markets and assessing the role of government intervention in correcting market failures.

You will take one of the following modules:

• Econometrics 1

  The aim of this module is to provide you with a solid understanding of the essentials of empirical research techniques (i.e. econometrics) used by applied economists. The module will cover core econometric topics that are needed by all wishing to undertake econometric analysis, with a particular focus on topics in both time series and cross section econometrics that can be used by students of industrial, business and finance.

• Econometrics 1

  The aim of this module is to offer students a more advanced, deeper understanding of the essentials of the theory and practice of econometrics. The module will address many of the topics covered in Econometrics 1 but using more mathematical and statistical rigour, including an introduction to econometric computer coding, with an aim to increase understanding of the concepts, theories and techniques that underlie applied econometric research.

You will take one of the following modules:

• Econometrics 2

  The aim of this module is to extend your knowledge of the essentials of empirical research techniques (i.e. econometrics) used by applied economists. The module will build on the topics covered in Econometrics 1.

• Econometrics 2

  The aim of this module is to extend and deepen your knowledge of the essentials of econometric theory and practice. This module will build on the topics and techniques covered in Econometrics A looking at extensions of techniques and estimation methods to address more complex problems.

Year 3

• Year in Business

  This year will be spent on a work placement. You will be supported by the Placements Office and the Royal Holloway Careers and Employability Service to find a suitable placement. However, Royal Holloway cannot guarantee that all students who are accepted onto this degree programme will secure a placement, and the ultimate responsibility lies with yourself. This year forms an integral part of the degree programme and you will be asked to complete assessed work. The mark for this work will count towards your final degree classification.

Year 4

• Employability 3

  This third-year course will deepen the elements covered previously in Employability 1 and 2. Career services will provide a session on how to be ready for employment at the end of the year. Students will prepare for a psychometric test and undertake a series of mock interviews in order to improve their interview technique. Finally, students will attend at least one Econ@Work talk to be aware of professional life and challenges.

Optional Modules

There are a number of optional course modules available during your degree studies. The following is a selection of optional course modules that are likely to be available. Please note that although the College will keep changes to a minimum, new modules may be offered or existing modules may be withdrawn, for example, in response to a change in staff. Applicants will be informed if any significant changes need to be made.

Year 1

• All modules are core

Year 2

• Understanding the European Union: Politics and Theory

  In this module you will analyse the contemporary politics of the European Union and its institutions, amid the challenges of the triple crisis of economics, migration and Brexit. You will learn about the political history of European integration after 1949 and the contemporary theory of European integration. The first term will begin with an introduction to the European Union as a political system followed by an overview of the European Union's historical development. The second term will focus on contestation of the European Union and the theories that underpin this, in order to explain how the EU developed and the challenges that it faces. Topics will include Euroscepticism, party politics, public opinion, Brexit and EU-UK relations, and European Parliament elections. The theory sessions comprise of federalism, neo-functionalism, liberal intergovernmentalism and the new institutionalisms.

• Democracy in Britain

  I in this module you will develop an understanding of contemporary British politics. You will look at the ways in which British government has evolved, how it continues to operate, and why it operates in the way it does. You will consider the causes and consequences of major political change in Britain and examine the underlying assumptions upon which theoretical disputes in political science are based.

• Contemporary Political Theory

  In this module you will develop an understanding of some of the key concepts in political theory today. You will look at political obligation, civil disobedience, democracy, citizenship, equality, global justice, human rights, and freedom and toleration. You will consider important theorists including Berlin Rawls, Nozick, Sandel, Okin and Pettit, examining the recent major theoretical perspectives in the context of contemporary politics.

• Modern Political Thought

  In this module you will develop an understanding of the themes, arguments, and interpretations of major political thinkers from the 17th, 18th, and 19th centuries. You will look at the works of Hobbes, Locke, Rousseau, Kant, Mill, Marx and Nietzsche and consider how the ideas articulated by these thinkers continue to underpin contemporary debates about the nature of freedom, human rights, value pluralism, popular sovereignty, state legitimacy, and the modern condition. You will also examine how study of these thinkers illuminates contemporary debates even where these debates no longer make reference to them.

• Introduction to Political Communication

  In this module you will develop an understanding of how citizens, politicians and the media interact across Western democracies during both electoral and governing periods. You will look at the production and consumption of political news, consider election campaigns and their effects, and examine contemporary debates in political communication, including ethical issues.

• Politics Outside the West

  In this module you will develop an understanding of the most important features of the history of the development of the non-West. You will look at the distinctive political dynamics characterising the contemporary non-West and consider the thoughts of prominent non-Western political thinkers.

Year 3

• All modules are core

Year 4

• European Union Public Policy

  In this module you will develop an understanding of regulation in the European Union, including delivery of policy and administration. You will look at how the world's largest market operates, with a focus on EU public policy, including de-regulation, re-regulation, budgets and spending. You will examine the concept of the single market, the Euro and its crisis, justice, home affairs and counter-terrorism, the EU budget, agriculture, regional development, and social and environmental policies.

• Radical Political Theory
• Young People's Politics
• Leadership, Power and the British Prime Minister
• Visual Politics
• American Political Development
• The Politics of Russia and Eastern Europe
• The Politics of International Development
• Political Theories of Freedom
• Global Environmental Politics

  This module examines both the domestic and international politics of the environment. The first part of the module consists of defining the environmental problems faced globally, highlighting similarities and differences to other issues. This part also identifies the key actors, interests, and institutions that are necessary to understand the politics of climate change. The second part of the module focuses on three varieties of theories of environmental politics: collective action problems, distributional politics, and ideational conflict. The third part then examines a variety of topics in environmental politics, building upon the analytical approaches outlined in the first two parts of the course. The chosen topics allow for both understanding how politics shapes environmental outcomes, for example through international agreements, as well as how climate change and the environment affects political outcomes, for example by fostering political conflict.

   

   

• Parliamentary Studies

  This final-year half module offers students the opportunity to obtain an in-depth knowledge and understanding of the British parliament and its place in British democracy. It will help you to evaluate the work and role of Parliament and parliamentarians, appreciate ongoing debates about contemporary legislative practice, and engage critically with previous academic scholarship in this area. It will also help you to develop you own awareness and experience of conducting research.

• Comparative Political Leadership

  Party leaders, and their public image, are increasingly considered important for a party’s electoral success, for the smooth running of government and for regime legitimacy. Perhaps the most important variable for successful politicians is their ability to effectively communicate and connect with their audiences. This module will first, show you the techniques most frequently used my politicians, communicators and speechwriters to effectively deliver their messages in different contexts and settings. Next, you will analyse how these techniques have been used by the greatest leaders in the word to justify their regimes. By the end of the module you will be able to evaluate leadership styles during and after elections and design communication strategies that will deliver political messages effectively.

   

• Latin American Politics

  This module is designed to introduce advanced undergraduates to the major themes of contemporary Latin American politics and, consequently, democracy and political development. Although the module does not assume that you already have knowledge of the region, you are expected to be familiar with basic concepts of comparative political analysis. While the module stresses the political aspects of the developmental process, its objective is to show the linkages between economic, social, cultural, and political variables--both at national and international levels.

   

   

• Freedom of Expression: Concepts and Controversies

  Issues of free speech are amongst the most contentious in current political debate. The module aims to give you an in depth understanding of the nature, value and limits of freedom of speech, from the perspective of normative political theory. It is not a course in the law of free speech, nor about the free speech situation in any particular country. Though the module touches on both the latter, the aim instead, is to enable you to understand the values, norms and principles at issue in contexts where free speech is promoted, regulated, limited or denied- especially contexts where that choice is contentious. You will be encouraged to look beyond the headlines to explore the rich and varied academic scholarship on free speech, and to offer critical analyses of that scholarship. By the end of the module, you should be able to interrogate your own and others’ intuitive reactions in controversial cases of e.g. hate speech, and to develop a reasoned, nuanced approach to these issues.

   

• Gender and Political Representation

  This module examines the contemporary literature on gender and politics, with a particular focus on women’s participation and representation in British politics. It introduces you to feminist theories of representation, debates over women’s interests, and feminist institutionalism. It applies these frameworks to consider why the number of women in our parliaments might matter and what difference – symbolic, substantive and affective – sex and gender make to elected political institutions, the policy process, political outcomes, and healthy democracies.

• Politics of South Asia

  The politics of South Asia – India, Pakistan, Sri Lanka, Bangladesh - are central to understanding some of the themes at the core of modern politics: poverty and development, security and warfare, migration and transnationalism, decolonisation and postcolonialism, the international economy and globalisation. This module deals with the social and political development of these countries since independence from British rule in 1947. We will analyse issues including caste politics, the role of religious violence and the place of women in politics and society. Sources will come from a range of disciplines – politics and IR, history, sociology, anthropology, novels and films. We will study regional cooperation and conflict including the troubled relationship between India and Pakistan over Kashmir and their nuclear status. By the end of the module you will have a specialised understanding of the major social, economic and political developments in the region.