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Newcastle University
speciality: Economics

3.8

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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  • Applied Economics
    Daniel
    Classes

    The classrooms are typical yet eco-friendly, and the campus is visually stunning with its own narrative. The reception feels like a welcoming workspace, and my desk mimics an office environment, making me feel comfortable rather than like a student returning to school. Despite starting late, my supervisors and students were supportive, helping me catch up in a friendly, approachable environment. It’s definitely a great place for both learning and working.

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    Programme: Applied Economics
    Degree: Bachelor's
    Graduation: 2026
    Delivery Type: On Campus
    Campus: Newcastle
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  • Economics
    avatar
    Caring and invested teaching staff but broaden horizons please!

    Overall I really enjoyed my university experience – the staff took so much care and helped us to learn even when the majority of our teaching went online due to the pandemic. There were a lot of avenues for feedback and generally faculty were keen to improve based on our contributions. My only disappointment was the sometimes narrow breadth of economics materials. I was desperate to learn about a diverse range of thinkers and types of economists but found the majority of the course to be in a similar vein. This may speak to wider concerns about economics as a discipline nationally, rather than my university specifically!

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2023
    Delivery Type: Blended
    Campus: Newcastle
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  • Economics
    avatar
    Newc uni eco

    Overall really enjoyed my time at Newcastle. Amazing city, great nightlife, great people. Overall the course was good but think the level of teaching was a bit inconsistent – some lecturers were amazing and some poor

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    Programme: Economics
    Degree: Bachelor's
    Graduation: 2019
    Delivery Type: On Campus
    Campus: Newcastle
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  • Economics
    Saule
    Newcastle University Business School

    It’s a great university, with good facilities and brilliant academic staff. I did my PhD at the Newcastle University Business School which has the Triple Crown accreditation held by less than 1% of all business schools in the world.
    Considering nice and cheap city, it’s a good choice for an international graduate student with a family.

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    Programme: Economics
    Degree: PhD
    Graduation: 2020
    Campus: Newcastle
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