Economics, Politics and International Relations

Year 2

Compulsory modules

• Microeconomics II

  This intermediate module enriches the understanding of microeconomic theory built in previous modules. It covers individual consumer preferences, market demand analysis, production costs, pricing behaviour of firms, and asymmetric information. You'll apply economic theory to real-world scenarios, including issues of price and income subsidies, taxation, insurance, and asset markets. The module utilises a graphical approach to help you develop a basic understanding of general equilibrium theory. You'll learn to distinguish between issues of equity and efficiency in product markets, gaining a deeper understanding of economic policies' societal impact.

  Through this module, you'll also develop self-management, learning, communication, and problem-solving skills essential to success in academic and professional settings. 

• Macroeconomics II

  In this module, you will delve deeper into macroeconomic theory and policy by examining national economies and international linkages. You will analyse long and short-run macroeconomic models, fiscal and monetary policies, exchange rate policies, government debt, and currency unions. Through theoretical analysis and examination of recent economic events, you will develop a critical understanding of macroeconomic hypotheses and competing approaches. You will also enhance your problem-solving, critical thinking, and data analysis skills to apply theoretical understanding and empirical knowledge to macroeconomic policy debates.

  By completing this module, you will gain critical self-awareness by assessing the impact of macroeconomic shocks and economic policies in determining key economic variables. The carefully curated learning framework will enhance problem-solving and critical thinking skills, as well as the ability to work independently and as part of a team.

• Exploring and Enhancing Employability

  This module will help you develop the knowledge, skills and attitudes you’ll need for making your career decisions and managing your future career development. You’ll also cover

  • transitions into graduate employment
  • self-employment 
  • further study 
  • professional training courses 

  in the UK or overseas. 

  You’ll be supported to take an informed and critical view of the world of work and think about your future role and responsibilities, not only to yourself but also to others. You’ll also learn about the University Careers Service and OBBS WAVES team. You’ll have the opportunity to go into placements, internships, volunteering and other extracurricular activities offered by the University.
   

• Researching Politics and International Relations

  In this module, you’ll develop the practical research skills you need to design and carry out your first piece of social sciences research. You’ll start with the ‘big questions’ of ‘What exists?’ and ‘How can we know about what exists?’ From here, you’ll move on to consider the different research methods and their implications. You’ll take part in hands-on workshops and practical sessions, preparing you to conduct your research for your final-year dissertation.
   

• Global Political Economy

  In this module, you’ll get to know the global economy. You’ll investigate how economics and politics shape world affairs in both trivial and profound ways. 

  In part 1, you’ll gain a strong knowledge of the history of the world economy. You’ll develop key analytical skills, as you explore competing explanations of how it functions. You’ll gain the tools you need to understand recent economic changes.

  In part 2, you’ll dig into key debates on how the global economy functions today, including: 

  • finance
  • global production
  • trade and international development
  • the relationship between the global economy and the environment. 
     

• UK Politics

  How much did world leaders rely on history to make decisions? In this module, you’ll look at governing strategy from the 20th century to the present day. You’ll choose either the British or Soviet states, and analyse how their leaders managed crises and issues. You’ll also explore the relationship between politics and economics, and apply key approaches to the problems of governing.  

Optional modules

• Choose 2 Optional modules from those below:

• US Politics

  In this module, you can investigate the politics of the USA, subject to student numbers and staff availability. 

  You’ll focus on governmental and political institutions. You’ll also explore explosive issues in American politics, including religion, race and capital punishment.

   

• European Politics

  In this module you'll look at and analyse governmental and political institutions in Europe. You'll cover policy-making, the participatory process and contemporary issues in European politics, with a focus on comparative study as well as the process of regionalisation. You'll examine:

  • The evolution of democracy and citizenship in Europe
  • Parties, party systems and elections in Europe 
  • The EU and theories of European integration
  • Regional nationalism and sub-state governance in Europe
  • The unique challenges facing post-communist Europe
  • The rise of populist nationalism in Europe
  • The politics of migration in Europe
  • The European welfare state
  • The impact of global challenges on European politics.

• Nations and Nationalism

  In this module, you’ll explore the effect of nationalism, ethnicity and regime change on a country. You’ll get to grips with the different approaches we use to explore them. You’ll gain fantastic analytical skills as you apply these approaches to real world cases, and investigate the implications of their different perspectives. 

  You’ll also look at how globalisation impacts the politics and identity of a country. You’ll analyse the ways in which globalisation can be a force for good (spreading democracy) and bad (divisive, leading to nationalist resistance)
   

• International Labour Markets

  This module examines the diversity of national policy approaches to labour market and social issues. You’ll undertake a comparative economic analysis of the behaviour of employers and employees operating in the global marketplace. Using a common framework of the economic theory of labour markets, you’ll also critically evaluate how governments, economic, social and other institutions alter outcomes in labour markets. 
  By completing this module, you’ll be able to present a range of international labour market data, defend appropriate policy proposals and solutions to labour market issues, and recognise the implications for analysis of various social and cultural phenomena.
   

• Applied Econometrics

  This module provides an introduction to the interpretation and analysis of economic data through the application of appropriate statistical and econometric methodologies. You will gain practice in applying theory and develop your skills of statistical and econometric analysis through the completion of problem sets. Practising quantitative techniques in seminars is essential in helping you to identify your learning needs and to encourage you to become critically self-aware of your relative strengths and weaknesses in relation to the acquisition of quantitative skills, a fundamental attribute of graduates in economics and finance.

  On completion of the module you will have an understanding of hypothesis testing and statistical inference; the ability to conduct essential statistical analyses of data; and an understanding of regression analyses.

• History of Economic Thought

  This module provides an introduction to the historical development of economic ideas. In so doing it is designed to illuminate both the influence of such ideas within a variety of social and political contexts and against the background of debates in economic policy. It aims to demonstrate the variety of approaches which can be taken to the study of economic phenomena and the traditions to which they give rise.

  Upon successful completion of this module, you will be able to appreciate the relationship between developments in economic thought and within general society, critically evaluate the ideas of economic thinkers and appreciate the diversity of paradigms which have influenced the development of economic doctrine over time.
   

• International Trade

  You’ll be introduced to international trade and economic integration. And you’ll use partial equilibrium tools of economic analyses to analyse trade policy options and assess the welfare implications of these policies. Throughout this module, you’ll also explore the institutional arrangements of various trading blocks through reviewing multilateral and global institutions. 

  Upon successful completion of this module, you’ll  be able to understand the economic rationale of international trade, and the stages of economic integration, including their relevance to international negotiations. You’ll also gain problem-solving and IT skills.
   

• Uncivil Society: Constituting Global Order

  How do we govern the world, when it’s no longer dominated by states and national governments? How do different types of migration shape the movement of people across the world? In this module, you’ll get to grips with a key part of international relations - borders and solidarities (groups with a common identity or interest). You’ll explore the various forms of borders and solidarities, including:

  • migrations across national boundaries 
  • regional organisations
  • trade agreements.

  You’ll link them to key forces and events, such as: 

  • NGOs
  • corporations
  • colonisation
  • refugee movements
  • the migrant ‘crisis’.

  You’ll gain valuable practical and professional knowledge, as you explore major issues today, and how global governance or migration shape our lives. 
   

Year 3 (optional placement year)

Optional modules

• Optional Work Placement Year

  On this placement you will be able to access a 40-52 week work-based learning / placement opportunity to help develop your employability and enterprise skills. You will gain first-hand knowledge and experience of making applications to and working in a placement role. You will set your own work-based targets and reflect upon your progress in the role you have on your placement. Halfway through your placement you will make a presentation to your line manager and placement tutor which summarises your gained knowledge on your placement and the tasks you have/ will complete in your placement role.

Final Year

Compulsory modules

• Perspectives on Global Challenges

  This module is your advanced introduction to pluralism and competing paradigms in economics, finance and international business. You will investigate contemporary topics by using theoretical and empirical tools in economics and finance where you’ll employ orthodox and non orthodox approaches. 

  Through the module you’ll develop a deep understanding of key global trends and outcomes that are relevant to the world of international business. Also you will progress your analytical investigation skills in the sphere of global economics.
   

• The Environment, Sustainability and Social Justice

  How can we respond to and solve global injustice and the ecological crisis without a world government? How can we resolve issues in international politics which are beyond the limit of individual countries? A global unified approach is critical for success. 

  In this module, you’ll gain knowledge of the theory and practice of global development, justice and sustainability. And build your analytical skills.  You'll take a combined approach of looking at global development and the ecological crisis. You'll examine competing and contrasting perspectives that feature across these global issues. Helping you gain understanding in their global justice implications. Also you'll look at international policy responses and global governance initiatives. 
   

Optional modules

• Choose 5 Optional Modules from those below:

• Environmental Economics

  On this module, you build your understanding of modelling techniques and analytical tools of environmental economics. You will be able to critically analyse a range of environmental issues which impact environmental externalities on economic agents and the range of policy responses available to policymakers.

• Economic Growth

  This module uses economic theory to analyse the structure and forces behind economic growth and development. You will learn standard theorie of economic growth and use those theories to analyse the process of economic growth across countries. You will familiarize with a set of important issues that are central to macroeconomics; develop some dynamic economics knowledge useful in macroeconomics as well as in a number of other sub-disciplines. By the end of the module you will gain  tools to analyse the economy with a long-run perspective that is normally overlooked in the other macroeconomic modules.
   

• Behavioural Economics

  Build your understanding of the concept called ‘homo economicus’ where individuals are considered to be perfectly rational and concerned only about maximising their own welfare. Your understanding of strategic behaviour in encounters with other individuals, modelled as games will broaden. You’ll examine concepts such as:

  • bounded rationality
  • cognitive bias
  • market design
  • equilibrium selection
  • and policies in detail.

  By the end of the module you’ll have a critical understanding of the new stream of thinking that has developed within economics in the last few decades. You’ll have knowledge of what allows people to make mistakes in decision-making and be altruistic – i.e. care about others’ utility as well as their own.
   

• Economics, Politics and International Relations Dissertation

  For this dissertation, you will engage in research and employ methodologies that require a thorough understanding of the process of research as well as using published research material. You'll deeply study a topic, selected with appropriate supervision and guidance from any suitable area of Economics in combination either with Politics or International Relations.

  In keeping with the interdisciplinary character of the module, it is expected that you choose from a plurality of methodological approaches of both a quantitative and qualitative character.
   

• Conflict and Peacebuilding

  From terrorism to mass protests, how do we make sense of violence and resistance? In this module, you’ll explore the tensions between local and global communities in building peace. You’ll investigate how identity markers such as gender, race, nationality and ethnicity relate to violence and resistance. You can choose to focus on violence, resistance and identity politics, or violent conflict and peacebuilding.

• Advanced Applied Econometrics

  Further and broaden your knowledge of econometrics. You’ll progress and develop your econometric skills that are needed to be able to successfully investigate economic and financial relationships by using appropriate econometric methodologies. You’ll study examples based on both economic and financial data that illustrate the application of the methodologies you’ll learn to use.

• Economics, Politics and International Relations Dissertation

  For this dissertation, you will engage in research and employ methodologies that require a thorough understanding of the process of research as well as using published research material. You'll deeply study a topic, selected with appropriate supervision and guidance from any suitable area of Economics in combination either with Politics or International Relations.
  
  In keeping with the interdisciplinary character of the module, it is expected that you choose from a plurality of methodological approaches of both a quantitative and qualitative character.

• Human Rights and Global Politics

• Global Development

  
   

• Terrorism and Counter Terrorism

  How does violence occur in different societies? How do people’s ideas of violence affect their cultures? In this module, you’ll look at how states manage violence such as terrorism. You’ll also consider how social norms and military values of violence shape our lives. You can choose to specialise in terrorism or counter-terrorism, or critical militarism studies.