This is a new programme in 2017.
Two key macroeconomic developments over the last decade turned, not exclusively but importantly, on bad management and a failure of politics.
The financial crisis of 2008 was caused, in part, by banks making loans that were too risky given their capital reserves: that’s a management failure. The 2010 onwards Euro crisis was built-in to the structure of the Euro. Economic theory suggests that you can’t have a functioning currency union without a fiscal union and a banking union. Politicians however, launched the currency union without the necessary fiscal and banking unions; that’s a political failure.
These two examples illustrate well how our understanding of economic events depends not only on knowing the relevant economic principles but also on how bad management arises and what causes political failure.
The King’s BSc Economics is taught jointly between the Department of Political Economy and the School of Management enables you to grasp these connections. We teach the Economic Principles, the mathematics and the statistics that you will get on any economics degree, but we offer students the options to study management and political economy questions to see how those principles go to work and affect the world we live in.
More information is available in our online prospectus.
You can also contact BScEconomics@kcl.ac.uk, or the Programme Director, Dr Santiago Sanchez-Pages.