Business Economics BSc(Hons) 2017-18

This course also available for 2018-19 entry

It’s not too late to apply for September 2017. Find out more.

 

About the course

In the modern business world there is a need for individuals who are able to understand and apply the key principles of economics to help improve and develop businesses. This course allows you to study core economic concepts in three areas: Macroeconomics will allow you to explore the elements and interactions of high level economic aggregates such as incomes, inflation and consumption. Microeconomics will help you to develop an understanding of the behaviour of individuals, businesses and households and develop models for analysing their interactions and Quantitative Economics will develop a range of statistical and mathematical tools which will provide an exciting toolkit for when you are working. This degree is for those of you with an interest in the areas of business and economics. While there is a mathematical element to the material in the degree the focus is on how such tools can be directly applied in the analysis of business and economic decisions in the real world. The course will focus on developing your ability to critically analyse and respond to situations in a business context using a framework established by your study of economics.

Here's what current Economics student Fahmida has to say about her course.


UCAS code:
L110

Start date:
18 / 09 / 2017

Duration:

4 years inc. placement year. Offered as a 4 year degree only, exception if you fail to find or complete a placement

Entry requirements

Entry requirements for this course are normally one of the following:

•  BBB at A Level

•  DDM in BTEC in Extended Diploma

•  120 UCAS points from a combination of Level 3 qualifications

•  Access to Higher Education Diploma with 45 Level 3 credits at Merit or above

•  International Baccalaureate with an overall score of 31 points.

In addition, you must have GCSE Maths at grade B or above.

Other suitable experience or qualifications will be considered. For further information please see the University's minimum entry requirements at http://www.hud.ac.uk/undergraduate/howtoapply/entryrequirements/

Please note: UCAS points are based on the new UCAS tariff, introduced for courses starting in 2017/18.

Contact:

Tel: +44 (0) 01484 472956

E-mail: bussme@hud.ac.uk

Connect with us...
Facebook: /HudBus
Twitter: @UoHBusinessSch
Instagram: thebusinessschool

Places available:

20 (this number may be subject to change)

(this number may be subject to change)

Location:
Huddersfield, HD1 3DH

Find out how to apply Book on an Open Day Order a prospectus Ask a question

Course content

Course content

Year One

Core modules:

Introduction to Macroeconomics

You'll explore concepts in macroeconomics that provide the basis for second year study of applied macroeconomics. You'll be supported to develop a basic level of mathematical analysis through application of related macroeconomics concepts, and to apply analytical skills based on macroeconomics theories to understand and explain various macroeconomic phenomena such as unemployment, recession and inflation.


Introduction to Microeconomics

You'll explore economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life. You'll have the opportunity to apply economic concepts and theories in a range of contexts to understand individual, household, firm and government decisions, and come to appreciate their value and limitations in explaining real world phenomena.


Introductory Quantitative Economics

This module will introduce students to mathematical and statistical methods necessary for the study of economics. The main techniques applicable to the study of modern economic theory will be introduced and where appropriate linked to applied content. Mathematical techniques will be used to allow students to develop their understanding of economic theory. Statistical techniques will be used to allow greater understanding of economic data and applied economics. The module objective is for students to use quantitative techniques and gain an understanding of how these might be useful in theoretical and applied economics, as well as learning something about their limitations.

Option modules: Choose two from a list which may include:

Accounting for Managers (Foundation)

This module introduces you to how financial information for businesses is prepared, presented and interpreted by internal and external users. As well as delivering theory and technical information, practical application is presented through worked examples, group working and discussions.


Creativity and Innovation for Business

This module is designed to stimulate creativity while exploring a wide range of variables that may affect creativity and innovation in organisations. This module is aimed to introduce you to the body of knowledge on creativity and innovation, helping you to develop basic skills for evaluating and applying it appropriately. The main approach is in utilising topical discussions, experiential exercises, and cases.

Year Two

Core modules:

Intermediate Microeconomics

This module explores the fundamental concepts and techniques of intermediate microeconomic analysis and should help to prepare you for microeconomic based modules in the final year of your degree. This module provides you with the opportunity to study the application of microeconomic theory to issues and problems such as decision making of individuals, households and firms, strategic behaviours and market failures.


Intermediate Macroeconomics

This module will advance your understanding of macroeconomics. The module objective is for you to use quantitative techniques and gain an understanding of how these might be useful in theoretical and applied economics, as well as learning something about their limitations. The main purpose of this module is to develop a deeper understanding of modern macroeconomics. It will help develop analysis and policymaking skills as well as enhancing your ability to critically analyse the implications of macroeconomic issues for business and financial decision-making.


Quantitative Economics

This module will help you gain an understanding of important mathematical and statistical concepts used in the analysis of applied economics and the construction of economic data. It will introduce you to techniques and materials that can help build on your knowledge gained in year one, applying techniques to real world economic problems. You’ll gain an understanding of the possibilities and limitations of these techniques in order to understand the usefulness and limitations of quantitative methods in economics.


Option modules: Choose two from a list which may include:

Developments in Banking and Finance

This module covers current and topical developments in the world of banking and financial markets, including retail and investment banking, financial intermediaries and stock markets. A key theme is the application of theory to real-world practice.


International Economics

This module will familiarise you with different perspectives on international trade and international finance. You'll cover both ‘old’ and ‘new’ trade theories as well as selected trade policy issues. The objective is to enable you to analyse critically economic issues that result from a country’s interaction with other countries, i.e. trade with other countries, international factor movements, trade and balance of payments imbalances, exchange rate volatility, debts and currency crises.


Economic History

In the first term you will be introduced to British economic history from the Post-World War II period to the 2010s. The key topics addressed are the structure and performance of the British economy, the role of the state in economic development, and also Britain’s changing position in the global economy. In the second term you will learn about the economic and social problems faced by developing countries, especially British Commonwealth countries and discuss possible policy recommendations. Assessment is an individual assignment and an exam.


Environmental Policy

This module considers the issues relating to Business and the Environment in a European context. It relates to the role of legislation and market forces in the important area of sustainable development. As it is a current issue presentation topics are selected by you bringing in current articles from the press related to environmental issues and we group them into relevant topic areas.


Small Business Enterprise and Planning

This module gives an introduction to the tools and techniques associated with Business Planning at both strategic and operational levels. In term two the focus changes to be more specifically related to small and medium sized enterprises using some examples from well-known companies. The tutorials feature a ‘hands on’ approach to a small business experience with the teams acting as the directors of a small business.


Managing International Business

This module is will cover the impact of environment, strategy and contemporary business issues when operating in international markets. The ability to manage across borders has become a strategic imperative for firms in an increasingly integrated and a borderless world. The contemporary international business environment offers many opportunities as well as threats. A firm’s ability to capitalise opportunities and to neutralise threats will determine its success in a globalising world. Firms are confronted with the challenges originating from the external environmental forces, such as economic environment, political systems and national cultures, and they are facing the complexities arising from understanding the major business functions and their roles in the international context.


Cross Cultural Management

In today’s globalised world, a large majority of companies have offices dispersed across countries, cultures and time zones. Managers of these companies are increasingly engaging in business activities with people from different cultural backgrounds. The ability to navigate across cultures has become a desirable quality for all internationally active companies and institutions. This module aims to equip students with the essential knowledge in cross-cultural management and develop their skills and competence in dealing with intercultural situations. Studying this module will create a solid basis for operating management tasks at an international level.

## Year 3 - placement year The course offers a one-year (48 weeks) work placement after the second year, in the UK or abroad.

Final year:

Core modules:

Economic Theory and Applications

This module will give you the opportunity to deepen your understanding of economics by analysing issues from an applied economic perspective. It will help support you to develop your understanding of economic theory and consider how economic analysis may assist decision making in society and the limitations of the role of economists. This, in turn, will help you understand recent dilemmas in UK and international economic performance and policy making.


Industrial Economics

This module considers the strategic decisions taken by firms relating to key competitive variables such as pricing, advertising, research and development, mergers and acquisitions. You’ll come to understand how firm decision making is affected by industry structure and the implications of those decisions for industry structure. The module also explores the impact of regulatory regimes on firms’ decision-making.


The module below is a core only if the placement year is completed

Placement Review Report

On this module you’ll reflect on the experience you gained on placement and relate this to the rest of your degree. You’ll be expected to produce a detailed report describing a major role you took on as part of your work placement. You’ll use your skills to explain the importance of the role and how tools of economic analysis, including quantitative methods can be used to understand the context. You should explain the expected impacts of your role for the business that you worked in, and any wider microeconomic and macroeconomic implications.

Option modules: Choose two from a list which may include:

Monetary and Financial Framework

This module helps you to develop an advanced understanding of central banking, financial markets and regulatory practice. Theory, policy and practice are explored to keep apace with fast moving and ever changing business environments.


Econometrics

This module introduces you to econometrics which means applied economics and the analysis of large data sets in a range of settings, capturing potentially complex relationships between variables. You'll have the opportunity to gain an understanding of the key methods used in econometric analysis and be able to demonstrate knowledge of the potential problems and solutions to apply in such situations.


Marketing for Small Business

Marketing is important, entrepreneurship is vital, and 95% of businesses anywhere in the world are small. When large organisations seek to improve performance – they often turn to the young dynamic small businesses as their role model. We weave these themes together into what can be called entrepreneurial marketing.


Environmental Management

During the first half of this module a theoretical framework, based on core principles, is introduced. The framework enables you to explore the causes, impacts and potential solutions to various environmental problems. The second half of the module explores how environmental management works in practice in businesses and organisations. A key part of this is understanding how environmental management systems, specifically, ISO14001 work.


Business and the Entrepreneur

Entrepreneurship, enterprise and innovation are all key words in contemporary business. This module considers the theory and practice of entrepreneurship in the current world business climate. Together we range from the large corporation to the small business and from the UK to the Far East.


Environmental Policy

This module considers the issues relating to Business and the Environment in a European context. It relates to the role of legislation and market forces in the important area of sustainable development. As it is a current issue presentation topics are selected by you bringing in current articles from the press related to environmental issues and we group them into relevant topic areas.


Strategic Management

This module highlights the role of strategic management in organisations and helps make you aware of the key strategic management approaches that assist managers in delivering both short and long term aims, goals and objectives for the organisation. It is underpinned by theory that then provides a tool kit for strategic analysis and demonstrates how this can aid management teams make business decisions in today’s complex and turbulent environments.


E-Commerce

E-commerce is the buying and selling of goods and services, over an electronic network, primarily the Internet. For many organisations e-commerce has become an essential aspect of their business allowing them to provide value and services that are different from their offline counterparts. In order to understand the e-commerce environment this module will develop your understanding of online business, the importance of developing business and revenue models, the rise of electronic commerce in the knowledge economy and the changing face of marketing to support your business awareness.

Important information

We will always try to deliver your course as described on this web page. However, sometimes we may have to make changes as set out below.

We review all optional modules each year and change them to reflect the expertise of our staff, current trends in research and as a result of student feedback. We will always ensure that you have a range of options to choose from and we will let students know in good time the options available for them to choose for the following year.

We will only change core modules for a course if it is necessary for us to do so, for example to maintain course accreditation. We will let you know about any such changes as soon as possible, usually before you begin the relevant academic year.

Sometimes we have to make changes to other aspects of a course or how it is delivered. We only make these changes if they are for reasons outside of our control, or where they are for our students’ benefit. Again, we will let you know about any such changes as soon as possible, usually before the relevant academic year. Our regulations set out our procedure which we will follow when we need to make any such changes.

When you enrol as a student of the University, your study and time with us will be governed by a framework of regulations, policies and procedures, which form the basis of your agreement with us. These include regulations regarding the assessment of your course, academic integrity, your conduct (including attendance) and disciplinary procedure, fees and finance and compliance with visa requirements (where relevant). It is important that you familiarise yourself with these as you will be asked to agree to abide by them when you join us as a student. You will find a guide to the key terms here, where you will also find links to the full text of each of the regulations, policies and procedures referred to.

The Higher Education Funding Council for England is the principal regulator for the University.

Placements

The course offers a one-year (48 weeks) work placement after the second year, in the UK or abroad. If you fail to find or complete a placement then you will continue straight into the final year of the Business Economics degree.

Our Placement Office works with national and international employers to ensure excellent work experience opportunities are available to you on sandwich courses as well as giving advice in areas such as interview skills and preparing CVs and covering letters.

Career opportunities

90% of graduates from courses in this subject area go on to work and/or further study within six months of graduating.*

Employment prospects for students remain strong in the areas of economics, management consultancy, multinational organisations and government agencies. Recent graduates from similar courses at the University, have gone on to work for leading FTSE-100 companies, Government, the media, industry and manufacturing.

*Source: DLHE survey

Teaching and assessment

You will be taught through a series of lectures, seminars, tutorials, workshops, directed study, computer aided learning packages and case study analysis. Assessment will include exams, verbal presentations, MCQs, short answer questions, essays, group projects, reflective learning diaries, computer-based assessment and extended case studies.

20.3% of the study time on this course is spent in lectures, seminars, tutorials etc.

If you are concerned about adapting to study at university level, then our Learning Development Group, (LDG) based in the Business School building offers a dedicated service helping our students to improve their academic skills in areas such as presentations skills, time-management, academic reading, referencing or academic writing, research for essay preparation and how to prepare effectively for examinations.

Your module specification/course handbook will provide full details of the assessment criteria applying to your course.

Feedback (usually written) is normally provided on all coursework submissions within three term time weeks unless the submission was made towards the end of the session in which case feedback would be available on request after the formal publication of results. Feedback on exam performance/final coursework is available on request after the publication of results. Huddersfield is the UK's only university where 100% of the permanent teaching staff are Fellows of the Higher Education Academy.*

*permanent staff, after probation: some recently appointed colleagues will only obtain recognition in the months after their arrival in Huddersfield, once they have started teaching.

Facilities

The Business School was opened in 2010 at a cost of £17m and is the most eco-friendly building on campus. It's a state-of-the art facility and provides you with a modern, professional environment in which to learn and develop. Located right next to the Huddersfield Narrow Canal it's in a leafy and picturesque location at the heart of the campus.

The Learning Development Group (LDG) offer a dedicated service helping our students to improve their academic skills in areas such as referencing, presentations skills, time-management, academic reading, referencing or academic writing.

Our Placement Office works with national and international employers to ensure excellent work experience opportunities are available to our students on sandwich courses as well as giving advice in areas such as interview skills and preparing CV's and covering letters.

Excellent teaching rooms combine with fully-equipped computer labs to provide access to technology and learning resources alongside 'The Street' cafe which offers space for socialising, networking and relaxation over a wide selection of fresh food and hot and cold drinks.

How much will it cost me?

In 2017/18, the tuition fee for UK and EU students at the University of Huddersfield will be £9,250.

Tuition fees will cover the cost of your study at the University as well as charges for registration, tuition, supervision and examinations. For more information about funding, fees and finance for UK/EU students, including what your tuition fee covers, please see Fees and Finance. Please note that tuition fees for subsequent years of study may rise in line with inflation (RPI-X).

If you are an international student coming to study at the University of Huddersfield, please visit the International Fees and Finance pages for full details of tuition fees and support available.

Please email the Student Finance Office or call 01484 472210 for more information about fees and finance.

Further study

Progression to a postgraduate course is dependent on successful completion of your undergraduate studies, there may also be minimum qualification requirements such as a first class or higher second (2.1) degree. Please check the course details to confirm this.

International

This programme is available to EU/UK students only. If you are an EU student you can check if you meet our entry requirements (both academic and English language) by visiting our country pages.

How to apply

Research community

Research plays an important role in informing all our teaching and learning activities. Through research our staff remain up-to-date with the latest developments in their field, which means you develop knowledge and skills that are current and highly relevant to industry. For more information, see the Research section of our website

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