A New Era for Economics Education

The world of economics is evolving rapidly, with data and digital tools playing an increasingly important role in analysis and decision-making. At Coventry University, we recognise the need to equip our students with the skills required to thrive in this fast-changing environment. This is why we are proud to introduce our new Digital Economics Lab, we call it EconLab—an innovative PC Lab designed to revolutionise how economics is taught, researched, and applied. It is led by Dr Chashika Kalubowila and Dr Nikitha Rohith from the School of Economics, Accounting and Finance.

EconLab is more than just a facility; it is a dedicated learning space where students can gain hands-on experience with real-world economic data, industry-standard software, and cutting-edge research methods. It bridges the gap between theoretical concepts and real-world applications, providing students with an interactive and engaging environment where they can develop essential analytical and problem-solving skills. The lab is designed to support undergraduate and postgraduate students in the School of Economics, Finance, and Accounting (EFA), as well as research staff who wish to enhance their quantitative and data analysis capabilities.

Hands-on Learning with Industry-Standard Software

One of the most exciting aspects of EconLab is the opportunity for students to gain proficiency in leading econometric and statistical software. The lab provides training in widely used programs such as R, Gretl, MATLAB, Stata, and Python for data analysis and econometric modelling. Students can also enhance their data visualisation and reporting skills using Microsoft Power BI and Excel. For those interested in behavioural economics, the lab also offers simulations and behavioural economics games that allow students to test economic theories in an engaging and interactive way.

With guidance from expert faculty members, students can explore complex datasets, conduct research-driven analysis, and gain hands-on experience that strengthens their understanding of economic concepts. These skills not only enrich academic learning but also significantly enhance employability, as data-driven decision-making is a crucial skill in today’s job market.

Research and Database Access: Unlocking Global Economic Data

EconLab serves as a vital resource for research and database support, giving students access to a wide range of global economic databases such as OECD, World Bank, and other international economic sources. These databases are essential tools for coursework, dissertations, and research projects, enabling students to work with high-quality data to support their findings.

To help students make the most of these resources, EconLab provides hands-on training sessions in database access and research methods. EconLab also provides dissertation support sessions for final-year and postgraduate students, ensuring they receive expert guidance in navigating economic data, applying statistical methods, and interpreting results effectively.

Short Courses and Digital Badges: Enhancing Employability

In today’s competitive job market, possessing technical skills can make a significant difference. EconLab offers short courses that equip students with practical skills in areas such as advanced Microsoft Excel and Word training, Microsoft Power Platform (Power Automate, Power BI), and specialised sessions in behavioural economics and finance. These courses not only provide essential knowledge but also offer students the chance to earn digital badges, giving them an added advantage when applying for internships and jobs.

Through these courses, students can develop a strong foundation in data handling, quantitative analysis, and problem-solving—critical skills that employers in economics, finance, and policy sectors highly value. EconLab is committed to ensuring that students graduate with not just theoretical knowledge, but also practical expertise that can be directly applied in professional settings.

Building a Thriving Academic Community

Beyond its technical and research capabilities, EconLab plays a crucial role in fostering a strong academic community. It is a hub where students and faculty members come together to collaborate on research projects, engage in discussions, and participate in innovative learning experiences. The lab regularly hosts guest lectures, hands-on workshops, and interactive experiments like the Dollar Auction Game, which challenges participants to think strategically and understand economic decision-making in real time.

These activities create a vibrant and intellectually stimulating environment where students can expand their knowledge beyond the classroom. By engaging with their peers and professors in EconLab, students can build valuable networks that can support their academic and professional growth.

Why You Should Be Part of EconLab

EconLab is a game-changer for economics and finance students at Coventry University. Whether you are looking to enhance your quantitative skills, gain research experience, or explore new areas of economics, the lab provides an invaluable platform to help you achieve your goals. By making use of EconLab’s resources, you will:

• Develop hands-on experience with industry-standard software and research tools.
• Gain confidence in working with data, economic modelling, and analytical techniques.
• Earn digital badges that improve your employability and career prospects.
• Connect with like-minded students, faculty members, and industry experts.
• Participate in engaging workshops, research projects, and interactive learning experiences.

Visit EconLab Today!

Located in the William Morris Building, WM305, EconLab is open to all students within the School of Economics, Finance, and Accounting. It is an exciting and valuable addition to the university’s academic landscape, providing a dynamic and interactive space where students can develop real-world skills that will set them apart in their careers.

We encourage all students to take full advantage of this incredible facility. Keep an eye out for upcoming workshops, guest lectures, and training sessions that will further enrich your learning experience.

For more details, visit our EconLab page [EconLab – Home] and stay updated on exciting events and opportunities. Join us at EconLab and be part of the future of economics learning at Coventry University!