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Lancaster University
speciality: Economics

4.5

What Is an Economics Degree?

Are you passionate about the business and finance sector? Do you follow the national and international news? Then, an Economics degree is the answer. It has always been one of the most sought-after degrees amongst youth. 

Economics degrees are designed to tackle all the issues that have an impact on financial situations, ranging from production to how resources are used. Candidates are trained to understand how the economy suffers fluctuations based on the market’s needs and wants followed by the market’s supply and demand.

By far one of the most crucial elements is that economics is divided into microeconomics and macroeconomic. Microeconomics deals with the economic behaviour at an individual level (companies, buyers, sellers and others), whilst macroeconomics illustrates the bigger picture, on a national or global scale (unemployment, economic growth, inflation and so on).

Benefits of an Economics Degree

Having an economics degree increases anyone’s chances to find a job, regardless of the field. This is mainly due to the fact that graduates hold many transferable abilities, such as analytical and problem-solving skills, that are suitable for any career. 

A study made by the London School of Economics and Political Science showed that graduates from an economics course have a starting salary of £33,000 per year. Having a job in the field right after graduation is a major positive aspect and comes with a lot of opportunities for career advancement.

Economics Degree Structure

Economics degrees are usually a three years commitment and sometimes are offered as part of a joint degree. This means that Economics can be studied along with another subject such as engineering, management, law, computer science and others.

This degree can be found either as a Bachelor of Science (BSc) or Bachelor of Arts (BA). The BSc focuses more on economical theory and statistical techniques, while BA is combined with social sciences and qualitative modules. 

4 Student Reviews

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  • Economics and ...
    Politics
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    Building a warm environment

    Lancaster University occupies a special place in my heart since it is a world-class educational institution that promotes extraordinary principles. The university has a welcoming atmosphere, as well as dedicated and caring professors that are entirely committed to their students’ success.The ease of small classrooms on the compact campus encourages students, instructors, and staff to form intimate and honest relationships. I thoroughly enjoy my lessons at this institution since lecturers are eager to help students with issues and projects.I can’t thank Lancaster University enough for its wonderful impact on my life.

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    Programme: Economics and Politics
    Degree: Bachelor's
    Graduation: 2027
    Delivery Type: On Campus
    Campus: Lancaster
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  • Economics and ...
    Politics
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    Quality education

    Lancaster university is equipped with good facilities and staffed by knowledgeable faculty. The lecturers are qualified in their respective fields and deliver the course content in an efficient and effective manner. The university is an ideal option for those seeking a top-quality education.

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    Programme: Economics and Politics
    Degree: Bachelor's
    Graduation: 2025
    Delivery Type: On Campus
    Campus: Lancaster
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  • Economics and ...
    Politics
    Tom
    Good uni

    Good uni, very good uni, many enjoyable elements to the uni which makes it a good uni, if I were to go to this uni again, I would not be unhappy, I recommend to anyone that wants to go to a good uni, yes

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    Programme: Economics and Politics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: On Campus
    Campus: Lancaster
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  • Economics and ...
    Politics
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    Perks of the collegiate system

    Although I was reluctant to join at first as it was not my first choice, it was only a matter of time before my opinions and views on Lancaster University quickly changed. The collegiate system not only creates a greater sense of unity and belonging within the university, as well as aids to the creation of lifelong friendships. For instance, I have not only bonded with people within my course, but also with the people from my college, and the several societies that I have joined. In terms of academic, I do believe that the concept of the collegiate system has made my time studying at Lancaster University extremely enjoyable. There is a clear distinction between my studies and my social life which I believe is very effective for me to not only learn efficiently as well as for my wellbeing.

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    Programme: Economics and Politics
    Degree: Bachelor's
    Graduation: 2022
    Campus: Lancaster
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