Economics

About this course

Economics is the study of how individuals, organisations, and societies make decisions about the allocation of scarce resources, and how those decisions aggregate into markets, industries, and economies with their own dynamics and consequences. It is a discipline that develops both a specific body of knowledge about how economies work and a powerful analytical toolkit, combining theoretical models with quantitative methods and empirical evidence, that can be applied to an enormous range of questions in business, policy, and public life. The economist's habit of thinking carefully about incentives, trade-offs, and unintended consequences is one of the most transferable intellectual skills a degree can develop. At the University of Northumbria at Newcastle, economics is studied over three years of full-time study, with the programme including a sandwich year with a work placement, a year

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