Economics (Industry)

What makes some countries richer than others? How can we measure inequality or the impact of climate change, and what should we do about it? What makes a business successful? Are education or healthcare investments like other investments?

If you enjoy working with mathematics and data, BSc Economics (Industry) provides you with the analytic skills and intellectual toolbox to help answer the pressing economic questions of today and tomorrow. You will learn how to interpret data, understand (and quantify) the decisions made by individuals, organisations, and governments, and evaluate economic policies.

Why study Economics (Industry) BSc at Lancaster University?

Data drives everything from climate policy to financial markets, creating a demand for economists who can effectively analyse, model, and interpret complex information. BSc Economics focuses on the mathematical and statistical foundations of economics, equipping you with the tools to model economic behaviours and interpret global trends.

The course begins by introducing the foundational principles of economic theory, guiding you through the principles that underpin how economies function and evolve. It offers in-depth, quantitative training and will equip you with the analytical skills essential for a range of careers. Whether your goal is to use economics in the business world or reshape public policies, this degree is flexible enough to allow you to pursue either.

You will cover the fundamentals of economic theory and apply them to real-world issues. As your degree progresses and you discover more about both the subject and yourself, you will have the opportunity to flex your course in ways that speak to your changing interests and strengths.

Specialisations within the course include options such as:

• Econometrics and data science in economics: Dive into the statistical techniques economists use to test theories and forecast trends.

• Environmental economics: Explore the economic forces behind environmental challenges and policies aimed at sustainability.

• Global macroeconomics and policy: Analyse large-scale economic factors that affect countries, global markets and policy decisions.

• Behavioural economics: Study how psychological factors influence economic decisions.

These options, among others, empower you to tailor your studies to your ambitions, creating a degree that reflects your personal and professional goals. The result is a programme crafted around your choices that prepares you to enter the workforce with both a deep understanding of economics and a specialised skill set that sets you apart.