Studying Economics with Music at Royal Holloway means that you will learn from internationally renowned experts at one of the UK’s top ten economics teaching and research centres and one of the best Music departments in the UK. Economics is one of the most influential and liveliest disciplines in today's world, affecting the lives and fortunes of everyone on the planet. This course offers a complete education in the theories and methods of economics, with a strong focus on analytical methods combined with a quarter or your time spent expanding your knowledge of issues that shape music, including politics, urban development, gender and globalisation. The knowledge and skills gained will lead to excellent career prospects in public and private management, financial institutions and in government.
Through this course you will develop an in-depth understanding of economics at all levels – from the company to the state, and beyond; learn to appreciate and apply the core theories of micro and macroeconomics; gain important quantitative and computing skills that are widely applicable as well as skills in logical reasoning and gain experience in logical and philosophical reasoning. You will develop a deeper understanding of music through the detailed study of the contexts, histories, theories, and practices of music.
Our balanced approach to research and teaching guarantees high quality teaching from subject leaders, cutting edge materials and intellectually challenging debates. Our courses follow a coherent and developmental structure which we combined with an effective and flexible approach to study.
Our flexible degree programmes enable you to apply to take a Placement Year, which can be spent studying abroad, working or carrying out voluntary work. You can even do all three if you want to (minimum of three months each)! To recognise the importance of this additional skills development and university experience, your Placement Year will be formally recognised on your degree certificate and will contribute to your overall result. Please note conditions may apply if your degree already includes an integrated year out, please contact the Careers & Employability Service for more information. Find out more
- In depth understanding of most recent economic theories.
- Economics is everywhere from business to beauty.
- Combine your interests in Economics and Music.
Core ModulesYear 1
You will take the following Economics modules:
In this module you will develop an understanding of the theories of macroeconomics, that of the economy as a whole, and of microeconomics, the behaviour of individuals, firms and governments. You will look at how the goods and assets markets underpin growth, inflation and unemployment, and the role that fiscal and monetary policy play in macroeconomic management. You will examine the theoretical basis to supply and demand and the role of government intervention in individual markets. You will consider how to solve economic problems by manipulating a variety of simple diagrammatic and algebraic models in macro- and microeconomics, critically evaluating the models and their limitations.
- Data Skills for Economists
The aims of the module are to cover the basic mathematical and quantitative tools used by economists every day. The module gives an emphasis to the mathematical tools, which are applicable to solving a wide range of economic problems. The first half of the module is devoted to linear algebra, specific functions of one and more variables used in economics, manipulating those functions and finding their minima and maxima. In addition, the first half of this module delivers the rules of integration and differentiation, which prepares the you to apply constrained and unconstrained optimisation techniques in their subsequent 2nd and 3rd year of studies. Constrained and unconstrained optimisation techniques are also discussed. The second half of the module is devoted to optimisation theory which in turn will use the concepts of vectors and matrices, drawn from linear algebra, and require the study of concave functions. The knowledge of matrices will help you solve systems of linear equations, which are used in both microeconomic and macroeconomic planning and forecasting.
This module will be composed of an introduction to Employability, library resources, team building, and CV making. Career services will provide a session on self-awareness and decision making and library services will present their relevant resources. Finally, the Economics department will organise some team building exercises.
You will take the following Music module:
- Theory and Analysis
In this module you will develop an understanding of macroeconomics and macroeconomic policy-making. You will look at a variety of contemporary and historical macroeconomic events, and the differences between the short, medium and long run. You will consider why some countries are rich and some are poor, why different economies grow at different rates, and what determines economic growth and prosperity. You will examine the role of monetary and fiscal policy, its impact on the economy and its limitations. You will also analyse how taxation, budget deficits, and public debt affect the economy.
Career services will provide a session on how to be ready to apply for an internship at the end of the second year. Students will prepare for a psychometric test and will undertake a series of a mock interviews in order to improve their interview technique. Finally, students will attend at least one Econ@Work talk to be aware of professional life and challenges.
You will take one of the following modules:
In this module you will develop an understanding of the models of individual optimisation and their applications. You will look at the key determinants of an individual’s behaviour in a variety of circumstances and the behaviour of firms in different market environments, such as perfect competition, monopoly and oligopoly. You will consider how changing circumstances and new information influences the actions of the economic agents concerned, and examine the properties of competitive markets and the need for government intervention to correct market failures.
In this module you will develop an understanding of the behaviour of individuals and firms in the economy. You will look at models of individual optimisation and their applications, considering the key determinants of an individual’s behaviour in a variety of circumstances. You will examine the behaviour of firms in different market environments such as perfect competition, monopoly and oligopoly, and the factors which are important in shaping the decisions that firms make in each market environment. You will learn to manipulate and solve diagrammatic and algebraic models of microeconomics, analysing the properties of competitive markets and assessing the role of government intervention in correcting market failures.
You will take one of the following modules:
The aim of this module is to provide you with a solid understanding of the essentials of empirical research techniques (i.e. econometrics) used by applied economists. The module will cover core econometric topics that are needed by all wishing to undertake econometric analysis, with a particular focus on topics in both time series and cross section econometrics that can be used by students of industrial, business and finance.
The aim of this module is to offer students a more advanced, deeper understanding of the essentials of the theory and practice of econometrics. The module will address many of the topics covered in Econometrics 1 but using more mathematical and statistical rigour, including an introduction to econometric computer coding, with an aim to increase understanding of the concepts, theories and techniques that underlie applied econometric research.
You will take one of the following modules:
The aim of this module is to extend your knowledge of the essentials of empirical research techniques (i.e. econometrics) used by applied economists. The module will build on the topics covered in Econometrics 1.
The aim of this module is to extend and deepen your knowledge of the essentials of econometric theory and practice. This module will build on the topics and techniques covered in Econometrics A looking at extensions of techniques and estimation methods to address more complex problems.
This third-year course will deepen the elements covered previously in Employability 1 and 2. Career services will provide a session on how to be ready for employment at the end of the year. Students will prepare for a psychometric test and undertake a series of mock interviews in order to improve their interview technique. Finally, students will attend at least one Econ@Work talk to be aware of professional life and challenges.
There are a number of optional course modules available during your degree studies. The following is a selection of optional course modules that are likely to be available. Please note that although the College will keep changes to a minimum, new modules may be offered or existing modules may be withdrawn, for example, in response to a change in staff. Applicants will be informed if any significant changes need to be made.Year 1
- All modules are core
Optional modules in Music may include:
- Music of the Andes
- Introduction to Jazz: Theory, Practice and Contexts
- Popular Music and Musicians in Post-War Britain and North America
- Issues in Popular Music: Bollywood, Bhangra and The Beatles
Optional modules in Economics may include:
This module will provide you with an insight into the nature of financial markets and how they are used by investors and corporations. You will start by looking at the equity market, considering issues of optimal asset allocation, asset pricing theory, market efficiency and market microstructure. You will then concentrates on fixed income securities and the uses and applications of derivative financial instruments, covering pricing of fixed-income securities, futures, options and swaps and hedging.
- Economics of Warfare 1
- Economics of Warfare 2
Optional modules in Music may include:
- Music and Gender
- Music, Power and Politics
Teaching & assessment
Teaching is mostly by means of lectures and seminars, the latter providing a forum for students to work through problem sets and applications in a smaller and more interactive setting. Outside of scheduled teaching sessions, students work independently, or collaboratively, researching, reading and preparing for seminars.
Assessment is usually carried out by end of year examinations as well as class tests and assignments. Final year students can choose to complete an extended essay, which offers students the chance to conduct an original piece of research.
The results of the first year examinations qualify students for entry to the second year but do not contribute to the final degree award. The second and final year results do contribute to the final degree result, with the final year work counting for a larger proportion of the result.
Teaching in the Music department is through a combination of lectures, seminars, tutorials, or group instrumental/vocal lessons - performance modules that include individual instrumental or vocal lessons are not available on this course.
You will also have the opportunity to take part in a wide variety of musical activities supported by the department, including performances by orchestras, choirs and other ensembles. Private study and preparation are essential parts of every course, and you will have access to many online resources through Moodle. When you start with us, you are assigned a Personal Advisor to support you academically and personally.
Music assessment is carried out by a combination of examinations, which take place in the summer term, along with written papers, extended essays, assessed coursework, and a portfolio of practical work.
A Levels: AAB-ABB
- GCSE Maths at grade A or 7
- A-level Music at grade A, or Grade 7 Music Theory at pass
- Grade 7 ABRSM (where applicants are unable to take Grade 7, video evidence may be acceptable)
- Applicants without A-level grade A in Music or pass in Grade 7 Music Theory may be eligible for the Intensive Theory entry. This requires Music GCSE grade A/7 or equivalent, plus performance at Grade 7 level. In term 1 you will be required to take Fundamentals of Music Theory, an intensive music literacy course.
- At least five GCSEs at grade A*-C or 9-4 including English and Mathematics.
Where an applicant is taking the EPQ alongside A - levels, the EPQ will be taken into consideration and result in lower A-level grades being required. Socio - economic factors which may have impacted an applicant's education will be taken into consideration and alternative offers may be made to these applicants.
English language requirements
All teaching at Royal Holloway (apart from some language courses) is in English. You will therefore need to have good enough written and spoken English to cope with your studies right from the start.
The scores we require
- IELTS: 6.5 overall. Reading and writing 6.0. No other subscore lower than 5.5.
- Pearson Test of English: 61 overall. Reading and writing 54. No subscore lower than 51.
- Trinity College London Integrated Skills in English (ISE): ISE III.
- Cambridge English: Advanced (CAE) grade C.
For more information about country-specific entry requirements for your country please visit here.
For international students who do not meet the direct entry requirements, we offer an International Foundation Year, run by Study Group at the Royal Holloway International Study Centre. Upon successful completion, you may progress on to selected undergraduate degree programmes at Royal Holloway, University of London.
Your future career
An Economics with Music degree at Royal Holloway, University of London will equip you with an enviable range of practical skills and can lead into a variety of career paths. The knowledge and skills developed in an economics degree will make you highly employable.
We will help you to recognise your strengths, skills and abilities so that you can make strong applications for jobs or further study.
Fees & funding
Home (UK) students tuition fee per year*: £9,250
EU and International students tuition fee per year**: £18,800
Other essential costs***: There are no single associated costs greater than £50 per item on this course.
How do I pay for it? Find out more about funding options, including loans, scholarships and bursaries. UK students who have already taken out a tuition fee loan for undergraduate study should check their eligibility for additional funding directly with the relevant awards body.
*The tuition fee for UK undergraduates is controlled by Government regulations. For students starting a degree in the academic year 2020/21, the fee will be £9,250 for that year. The fee for UK undergraduates starting in 2021/22 has not yet been confirmed.
**The Government has confirmed that EU nationals starting a degree in 2020/21 will pay the same fee as UK students for the duration of their course. For EU nationals starting a degree in 2021/22, the UK Government has recently confirmed that you will not be eligible to pay the same fees as UK students, nor be eligible for funding from the Student Loans Company. This means you will be classified as an international student. At Royal Holloway, we wish to support those students affected by this change in status through this transition. For eligible EU students starting their course with us in September 2021, we will award an automatic fee reduction which brings your fee into line with the fee paid by UK students. This will apply for the duration of your course.
Fees for international students may increase year-on-year in line with the rate of inflation. The policy at Royal Holloway is that any increases in fees will not exceed 5% for continuing students. For further information see fees and funding and our terms and conditions. Fees shown above are for 2020/21 and are displayed for indicative purposes only.
***These estimated costs relate to studying this particular degree programme at Royal Holloway. Costs, such as accommodation, food, books and other learning materials and printing etc., have not been included.