YEAR 3

Semester 1

  • AB23120
    Microeconomics Theory and Policy
    This module teaches essential concepts in microeconomic theory, comprising examination of consumer behaviour, the theory of the firm, and welfare economics. The module builds upon foundations of elementary microeconomic theory to deepen and extend knowledge of concepts and techniques of neoclassical microeconomics. This will involve the application of the theory of rational choice to individuals and firms under conditions of certainty.
  • AB23320
    Managerial Economics (approved ABS/IEC option)
    This module examines the nature and scope of firms’ activities, and various issues relating to industrial structure and policy. The first part investigates economic explanations of the nature of firms and the scope of their activities, vertical integration, merger and acquisition strategies, diversification, and the internal organisation of firms, including corporate governance. The second part examines the relationship between industry and market structure, and firm behaviour and performance. Competition policy and technological change are also examined.

Semester 2

  • AB23220
    Macroeconomics Theory and Policy
    This module examines selected advanced-level topics in theoretical and applied economics. The first part covers advanced macroeconomic models and theories, such as the Keynesian, Monetarist, and new Keynesian approaches, real business cycle theory, exchange rate determination, and debates concerning the global economy. The second part covers various topics in theoretical and applied microeconomics, relating to choice under conditions of uncertainty, strategic decision-making, and asymmetric information.
  • AB23420
    Econometrics
    This module introduces essential quantitative tools used in economic research to analyze economic data and model economic phenomena. The module presents a detailed and in-depth treatment of the method of ordinary least squares (OLS) used in estimating the quantitative relationship between economic variables, the assumptions behind the appropriate use of OLS, the implications of the violation of such assumptions and the remedial measures.
  • AB25320
    Research Methods
    This module covers research skills and provides an in-depth study of business-related research methods. The module emphasises the importance of an objective approach to research. The module also introduces the practice of research, including ethics and methodology, utilizing both qualitative and quantitative research methods.

YEAR 4

Semester 1

  • AB33120
    Contemporary Issues in Economic Policy
    This module examines selected advanced-level topics in theoretical and applied economics. The first part covers advanced macroeconomic models and theories, such as the Keynesian, Monetarist, and new Keynesian approaches, real business cycle theory, exchange rate determination, and debates concerning the global economy. The second part covers various topics in theoretical and applied microeconomics, relating to choice under conditions of uncertainty, strategic decision-making, and asymmetric information.
  • AB33220
    Environmental Economics
    This module provides an analysis of how markets achieve economically efficient allocations and why, when they fail to do so, environmental degradation often results. The module explores how governments, NGOs and businesses might intervene to address environmental issues, and evaluates the effectiveness of a range of policy instruments including command-and-control instruments and incentive-based instruments. The module examines the monetary and non-monetary valuation of environmental goods and services, and the implications for the design and evaluation of environmental policies, as well as macro-economic indicators such as Green GDP measures. A series of contemporary environmental policy case studies illustrate applications of the relevant theory and policy tools.

Semester 2

  • AB33320
    History of Economic Thought
    The study of the origins of modern economics contributes towards an understanding of economic theory in a historical context, gained by following the evolution of economic thought from antiquity to the 21st century. The module highlights the need for pluralism in economic thinking which became evident from the 2008 crisis. Coverage focuses on the emergence of the major economic schools of thought, developed in a historical context.

Or

  • MM38020
    Sgiliau Cyflogadwyedd ar gyfer Gweithwyr Proffesiynol  / Employability Skills for Professionals+
  • AB33420
    Trade, Development and Growth
    This module examines the relationship between trade, growth and economic and social development, focusing on the evolution of the international division of labour, its causes, and the consequences for economic growth and development and social change.

Semesters 1 & 2

  • AB35540
    Traethawd Hir / DissertationX
    This module consolidates business management, marketing, economics, business finance and tourism management skills in the framework of an in-depth study of a topic selected by the student under the guidance of members of academic staff. Support is provided through lectures on research techniques, project management, managerial implications, workshops, seminars and supervision.

 

* Module is available with Welsh-medium lectures and tutorials.

+ Module is available with English-medium lectures supported by Welsh-medium tutorials.

X Option is available for Welsh-medium supervision and submission.

International English Centre (IEC) options are available to international students only.