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Financial Economics BSc(Hons)

Attendance UCAS code/apply Year of entry
3 years full time L111 2017
6 years part time Apply direct to the University 2017

Why choose this course?

In 2008, the worst economic downturn since the Great Depression caught most economists by surprise. In its aftermath, the student movement "Rethinking Economics" called for education in more than just "mainstream" (or "neoclassical") economics. Most universities resisted this call; Kingston responded. Our degrees therefore provide a broader and more critical approach to economics than most UK universities.

Watch this video to find out what our students have to say about studying this course at Kingston University:

What you will study

This degree focuses on the economic analysis of finance, developing your awareness of the interplay and impact of financial markets, financial instruments and institutions.

In Year 1, the module Becoming an Economist explains "Why Economists Disagree". The Capitalism module develops the historical and intellectual background to modern economics. Economic Policy and Principles covers microeconomics (individual decisions) and macroeconomics (unemployment, interest rates, growth). Economics Quantitatively Treated provides the necessary mathematical and statistical foundations for the study of economics, while a tutorial module develops your study and personal development planning skills.

Year 2 includes a core module specific to this financial economics field – Corporate Finance and Investment. You will also study core modules in microeconomics, macroeconomics and mathematical and statistical techniques. Students can spend a period of time at one of our partner universities overseas.

In Year 3, the Finance, Risk Management and Instability module will develop your understanding of financial economics to an advanced level, including bond pricing and dividend policy, and the operation and development of risk-management tools, particularly derivative instruments. A 'capstone' module (Working as an Economist) enables you to focus on a detailed topic from the field of financial economics. These two core modules are supplemented by a range of options.

Information and guidance on career and postgraduate opportunities is also provided.

Module listing

Please note that this is an indicative list of modules and is not intended as a definitive list. Those listed here may also be a mixture of core and optional modules.

Year 1 (Level 4)

  • The module is designed to help students develop many of the basic skills used in the discipline of economics. The module explores and covers a variety of study and research techniques. Students will develop skills in the use of language, writing, ICT usage, data collection, data interpretation and groupwork. Key threshold economic concepts will also be incorporated. Particular emphasis will be placed on small group learning and personal development planning.

  • This module is a core course for students pursuing full-field programmes in Economics.

    This module offers a detailed survey of the origins and emergence of capitalism and the economic thinking that paralleled these developments.  It will develop key aspects of the contemporary economy – firms and competition in the national and international environment and the role of the state in national and supra-national contexts. It will then proceed with an introduction to the role of finance in capitalism and the nature and causes of financial crises.

  • In this module, students are introduced to the techniques of model building and analytical reasoning used in microeconomics. Some of these techniques are then used as an input into the analysis of economics at the macroeconomic level.  In the early phase of the module, students are taught about microeconomic models and explore the application of these models, to current economic issues. Whilst, in the later phase, students learn about the main macroeconomic aggregates, the basic model of aggregate demand and supply and the importance of the time horizon in macroeconomics.

    Throughout the course, there is an emphasis on highlighting and considering the pros and cons of the suggested solutions to real problems faced by market economies.

  • This module provides an introduction to mathematical and statistical techniques; students are prompted to appreciate how mathematical reasoning is used in economics and develop skills in the numerical, graphical and statistical analysis of economic data.  The course starts with a review of material that may have been encountered in students’ previous studies, such as mathematics at GCSE or IB level, and moves on to developing their knowledge, understanding  and ability to apply quantitative concepts, of particular relevance for microeconomics, macroeconomics and econometrics.


Year 2 (Level 5)

  • This module provides an introduction to modern finance and financial markets. Core elements of corporate finance are examined in the broader context of the working of financial markets and institutions, and the pricing of financial assets. We will discuss key analytical concepts, tools and theories of financial decision making and the functioning of financial markets, and examine empirical information about trends in the global financial system. 

  • This module will extend knowledge of mathematical and statistical techniques acquired at level 4 and will introduce the student  to multivariate techniques in mathematics and statistics.

    It will assist your comprehension of level 5 economics modules and encourage you to understand the benefits of using a mathematical and statistical vocabulary and reasoning to analyse economic models.

    This module will equip you with sufficient quantitative techniques to be able to undertake any level 6 module in economics requiring quantitative analysis.

  • This module aims to develop and build mainly on knowledge acquired in the Economic Policy and Principles module at level 4 but also the economics quantitatively treated module of the same level. It provides fundamental knowledge on the key areas of macroeconomic theory and policy in the short-run and long-run and within both closed and open economy settings. Real world applications are signposted at the earliest opportunity.

    On completion of the module you will be able to comprehend key macroeconomic theories and policies and illustrate the application of macroeconomic models and principles in the context of policymaking.

  • This module will develop the model building techniques encountered at level 4, and extend the scope of these models to a wider range of problems. It will show the use of microeconomic models in a problem solving context and provide an analytical basis for subsequent elective modules.

    On completion of the module, you will have a good knowledge of the major techniques and issues in modern microeconomic theory and policy and how to apply this knowledge in the discussion and evaluation of contemporary microeconomic issues.


Year 3 (Level 6)

  • This module is a core course in the field of Financial Economics for students at level 6. It may also be taken by students from the Business and Economics fields.

    The module introduces students to the contemporary workings of financial markets with emphasis on risk management. The module will cover some of the main topics of financial theory including economic risk, portfolio theory and the efficient markets hypothesis. It will also introduce students to the key instruments of derivatives markets, analyzing their trading mechanisms and established patterns. The module will further deal with advanced aspects of corporate finance and it will conclude by addressing the policy responses in the context of a contemporary world characterized by increasing financial instability. Core factual material is provided via StudySpace with keynote lectures and selected worksheets used to explain concepts. The module provides the essential groundwork not only for the understanding of practical issues regarding financial markets and corporation management but also for a successful postgraduate studies.

  • The capstone module is designed to further students’ skills in writing and presenting economic
    analysis, together with achieving a higher level of understanding in a chosen economic subject area. Students will refine their ability to communicateeconomic subjects to a broad audience in an academically sound fashion.

  • This module considers recent developments in micro and macroeconomic theory and policy.  Inter alia this involves the incorporation of market imperfections and institutions into formal models and the use of more advanced techniques in economics. The interaction between models and data in macroeconomics is emphasised where appropriate.

  • This module will introduce the economic structure of developing countries, the specific challenges they face and their position in world economy today. It is an optional module for all Economics full-fields and Applied Economics. It should intrest all students who wish to acquire a good background in issues of growth and development in lower income countries and their significance for world economy.

    The will start by introducing theories of economic development amd measurement issues. It will examine some problems affecting all or groups of these countries, such as population growth, poverty, environment, income distribution, structural adjustment and volatile capital flows. It will also deal with policy issues specific to developing countries

  • This module introduces and develops new topics based on knowledge acquired in Economics Quantitatively Treated 1 and 2. It provides fundamental knowledge on statistical techniques and their applications to real world data. On successful completion of the module students will be able to demonstrate quantitative analytic skills for assessment of economic theories with matching data, which will be helpful for various career opportunities and advanced study of economics and business at postgraduate level.

  • The module analyses the essential theoretical and policy issues of international trade and finance. In doing so care is taken to link both international trade and finance theory with real world events.

  • This module will build on the mathematical presentation and analysis of economic models taught in the level 5 module EQT2. It is designed to inform students of the deeper aspects of the models they have seen hitherto as well as to enable them to appreciate the benefits of dynamic forms of analysis. A good performance in this module should enable a student to approach an MSc in Economics with some confidence in their mathematical training.

  • The module focuses on understanding the monetary sector of the economy. The role of banks and financial markets will lay the foundations for understanding the ensuing topics. The module proceeds to explain the interaction between money and the economy, and moves on to monetary policy institutions and strategies. The module closes with a discussion of financial crises.


You will have the opportunity to study a foreign language, free of charge, during your time at the University on a not-for-credit basis as part of the Kingston Language Scheme. Options currently include: Arabic, French, German, Italian, Japanese, Mandarin, Portuguese, Russian and Spanish.

Study abroad as part if your degreeMost of our undergraduate courses support studying or working abroad through the University's Study Abroad or Erasmus programme.

Find out more about where you can study abroad:

If you are considering studying abroad, read what our students say about their experiences.

Key information set

The scrolling banner(s) below display some key factual data about this course (including different course combinations or delivery modes of this course where relevant).

We aim to ensure that all courses and modules advertised are delivered. However in some cases courses and modules may not be offered. For more information about why, and when you can expect to be notified, read our Changes to Academic Provision.

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This course is taught at Penrhyn Road

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