Economics Degree Overview

Structure of the Degree

• Year 1
  • Principles of Economics
  • Maths and Statistics
  • Breadth courses (e.g., World Economic History)
  • History of Thought component
• Years 2 and 3
  • Continued Economic Theory: Microeconomics and Macroeconomics
  • Advanced Statistics: Econometrics
  • Optional courses to complement principles and math/stats

Distinctive Features at King's

• History of Thought component in year 1
• Focus on understanding:
  • Bad management
  • Political failure

Examples of Economic Developments

• Financial Crisis of 2008
  • Due to risky loans not covered by capital reserves
  • Example of bad bank management
• Euro Crisis of 2010
  • Countries threatened to default on debts
  • Design flaw in the Euro (lack of fiscal and banking union)
  • Illustrates the need for accompanying fiscal and banking unions for a currency union

Unique Aspects of King's Program

• Joint Program between:
  • Department of Political Economy
  • School of Management
• Provides breadth in:
  • Management
  • Political Science
• Emphasizes understanding:
  • Economic principles
  • Management practices
  • Political operations

Importance of the Degree

• Understanding how economic principles play out in real-world scenarios
• Recognizing the role of management and political interaction in economic outcomes