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Economics with Business Management BSc (Hons)

Unistats

What is Unistats?

Key Information Set (KIS) Data is only gathered for undergraduate full-time courses. There are a number of reasons why this course does not have KIS data associated with it. For example, it may be a franchise course run at a partner college or a course designed for continuing professional development.

Overview

Count on us

Economics with Business Management BSc (Hons) gives you a strong foundation in economic analysis, a fundamental part of today's global finances, as well as teaching you key business theories and their practical applications.

We offer the opportunity for all undergraduate Home/EU students to undertake a work placement, internship or work experience while studying a full-time course starting in September 2018.

Why Economics with Business Management at LSBU?

An Economics degree is versatile and can lead to many career areas. Recent graduates have gone into marketing, sales, advertising, IT, education or further studies.
The course is accredited by the IOEE. The School has Centre of Excellence status with the IOEE, in recognition of our entrepreneurial culture and leading-edge practice.
We hold close professional links with the Centre for International Business Studies and guest speakers are invited to reflect on a range of disciplines.
During your third year you'll have the option to spend a year in industry, working in a business or economics-focused environment. This could be in the UK or overseas.
Access to software widely used in industry: Stata, Bloomberg, Thomson One Banker, SAGE, Blueprint, FAME, Nvivo and SPSS.
No.2 amongst London competitors for overall satisfaction in Economics (National Student Survey 2018).

Accreditations

Key course information - ordered by mode
Mode Duration Start date Location
Mode
Full-time
Duration
3 years
Start Date
January; September
Location
Southwark Campus
Mode
Sandwich
Duration
4 years
Start Date
January; September
Location
Southwark Campus

Case studies

Modules

You'll study the economic theory that underpins the financial world and business success. This course covers:

  • financial accounting
  • macroeconomics
  • microeconomics
  • financial markets
  • risk management
  • strategy
  • global finance

Methods of assessment for course overall: 83%.

Year 1

  • Concepts of Management In this module you’ll be introduced to the concepts of management from both a business and personal perspective, including personal development planning, supporting you in identifying your goals and achieving your aims via participation in a structured and facilitated coaching process. It will also support your development of key skills, mathematical techniques and acquisition of knowledge necessary for success on an academic business programme or in a professional business setting.
  • Principles of marketing This module introduces you to the theories and practices of marketing providing you with an underpinning in the subject of marketing for further studies at levels 5 and 6.  It acts as an introduction to the basic principles of marketing from which other modules can develop.   These principles include the marketing environment, the marketing mix, marketing research and buyer behaviour.
  • Financial accounting fundamentals This module will introduce you to the fundamentals of the regulatory framework of accounting together with the qualitative characteristics of useful accounting information. You’ll also develop knowledge and understanding of the underlying principles and methods used in the recording of financial data and preparation and presentation of financial statements.
  • People and organisations This module will give you an appreciation of the complexities of understanding people and behaviour within organizations. This module is incorporated with theories of organisational behaviour and people management practices and you’ll develop an understanding of how and why individuals behave in specific ways in the workplace. Business economics 1 This module will introduce a range of essential economic concepts and methods and show how these can be applied to understand the world around us. The emphasis of this module is upon the business applications of economics in facilitating the decisions of managers, entrepreneurs in a variety of situations including pricing, advertising, financing, market entry, and product developments. This module will also consider the implications of the macro economy on the operations of modern firms.
  • Business economics This module will introduce a range of essential economic concepts and methods and show how these can be applied to understand the world around us. The emphasis of the module is upon the business applications of economics in facilitating the decisions of managers, entrepreneurs in a variety of situations including pricing, advertising, financing, market entry and product developments. The module will also consider the implications of the macro economy on the operations of modern firms.
  • Business economics 2   This module will continue to develop your understanding of the essential micro and macro-economic theories which are the bed rock to the economic concepts and methods studied in Business Economics (Economics 1). The emphasis of this module is upon the theoretical frameworks underpinning the business applications of economics in facilitating the decisions of policy makers, managers, entrepreneurs in a variety of situations as well as the implications of the macro open economy on the operations of modern firms. 

Year 2

  • Intermediate macroeconomics  This module builds on the Business Economics modules at level 4. This module, while describing the macroeconomic world around us, places far more emphasis on conveying the theoretical underpinnings for what is observed. 
  • Quantitative methods for economists This module introduces and makes use of quantitative methods and techniques for modelling economic and business problems cast in an unconstrained and constrained environment. For this purpose this module introduces and applies the powerful analytic method of calculus for finding optimal solutions to specific issues in economics and business.
  • Historical and institutional economics This module explores the institutional features of a modern political economy, particularly the role of the state and the market, capital and labour. But these are viewed from the perspective of change in which institutions and laws have evolved from the past and continue to change into the future. 
  • Intermediate microeconomics  This intermediate microeconomic module builds on the work from level 4 economics. It seeks to broaden and deepen the foundations of microeconomics. It provides a fundamental understanding of consumer theory, and the theory of the firm. An exploration of production theory supports this work. The operation of markets and their efficiency are also investigated. General equilibrium and social and welfare issues are introduced. 
  • Managing Business Logistics and Innovation This module demonstrates the importance of logistics and the supply change while also considering procurement and negotiation strategies and techniques within business service, retail and manufacturing environments. You'll gain a clear understanding of the importance and scope of the procurement function and will explore the critical transfer of goods/services across global and local networks, with a critical assessment of ethical elements of supply chain management in view of business logistics.  You'll develop a broad understanding of the negotiation process and the development of negotiating strategies for procurement and logistics that is a vital element of moving goods and resources globally and locally.

Plus one module from:

  • Introduction to econometrics This module introduces you to the basics of econometrics. It starts with the standard OLS methodology and beginning with simple regression analysis, moves to multiple regression analysis. The problems associated with OLS are explained along with their consequences and potential alleviating measures. Indicator or dummy variables are also considered along with their applications. A heavy emphasis on addressing econometric problems via the software Stata in lab sessions will also be pursued. 
  • Environmental economics and sustainability This module provides an opportunity for you to critically consider the role of the key international stakeholders in environmental economics and sustainability.  Skills in critical policy analysis, policy formulation, negotiation and advocacy are developed through conferencing and discourse using transdisciplinary case studies (TCS) where you’ll represent institutional stakeholders active within the realms of environment and sustainability.

    Year 3

    Optional placement year

    Year 4

    • Introduction to advanced microeconomics You'll develop an understanding of fundamental models in microeconomics and be introduced to methods of formal microeconomic analysis. It differs from previous modules on microeconomics by treating the models in a more formal manner, and additionally introduces you to the treatment of the models using various mathematical (and graphical) techniques including calculus. 
    • Introduction  to advanced macroeconomics This module introduces you to an understanding of fundamental models in macroeconomics and introduces you to methods of formal macroeconomic analysis. It differs from previous modules on macroeconomics that you’ll have completed in that it treats the models in a more formal manner, where mathematical notation and calculus are commonly employed. The module focuses on the long-run determinants of economic growth.
    • Entry Strategies for International Markets This module studies the entry decisions of multinational firms and the role played by them in the modern global trading system. It considers different theories that account for the factors influencing a specific entry strategy into a foreign market. This is discussed in the context of the growth of the multinational company and its role in the growth of world trade over the past half century. The various options of exporting, licensing, joint ventures, franchising, and the establishment of subsidiaries through investment are all considered. Cultural factors influencing these entry decisions are also brought into the discussion at various points.
    • Risk and its Management in Global Markets This module enables the students to develop a comprehensive understanding of the nature of risk faced by businesses, institutions and individuals involved in international trade and investment. The module will examine the role of financial institutions and their regulatory framework, the nature of risks and their management. Specific risk exposures will be identified and assessed. For example, the following types of risk will be examined in detail: currency, interest rate, credit, liquidity, principal, operational, legal and political.

    Plus two modules from:

    • Development economics In this module you’ll explore the economic reasons that have led to increasing development inequality (national and international) and the impact on the labour market. It focuses on how microfinance can encourage economic development; the relationship between gender equity and growth, and analyse core issues regarding the labour market.
    • Financial econometrics In this module you’ll focus on the use of modern econometric methodology for dealing with problems in the area of finance and provide you with the econometric tools applied in the area. It applies the techniques of mathematics, statistics and econometrics to analyse financial data so as to understand and model the underlying financial and/or economic conditions.
    • Applied econometrics Building on the module introductory econometrics, this module develops your understanding of the various analytical techniques with an applied (hands-on approach) in order to apply economic theories to real economic data by means of empirical models. You’ll be deepening and broadening your knowledge and understanding of econometric techniques needed for empirical quantitative analyses of micro and macro as well as financial data.
    • Behavioural economics The module examines the psychological underpinnings of economic behaviour and investigates recent theories and empirical findings in behavioural economics. This module will enable you to scrutinise economic theory from a behavioural perspective, develop an understanding of how real people actually make decisions and highlight occasions where traditional economics predicts actual choices correctly and instances where it does not.
    • Contemporary issues facing the UK and world economy In this module you’ll be introduced to a selection of contemporary economic issues in the World Economy. This module will encourage you to critically evaluate the current arguments surrounding the issues addressed during the course as well as the economic, social and political context.
    • Employment and labour markets This module studies labour markets from both a theoretical and empirical perspective. It is designed to provide a practical understanding of the changing economic forces, and institutions, both micro and macro, operating in the world of work.
    • Multinational firms and global trade This module forms part of the area of international economics and studies the role played by multinational firms in the global trading system. You’ll be introduced to the global trading system, both the theories of how and why countries engage in trade and the role played by governments, regional trading agreements and international institutions in the regulation of trade. You’ll also look into multinational companies, examining the growth of multinationals, the theories advanced to explain the growth of multinationals and the effects of multinationals on the countries where they operate.

    Employability

    With the hands-on practical element of this course, you'll develop skills which employers find highly desirable. A flavour of what economists can do is shown at www.economistjobs.com.

    Type of role you can expect 

    Career paths include: economic research bodies, economic consultancy practices (including the consulting segments of some of the large chartered accountancy/financial services firms), broader management and strategic consultancies, the Government Economic Service (GES), commercial banks, investment banks, private equity and other specialist investment services, the International Monetary Fund (and other international bodies), NGOs, local authorities and Learning and Skills Council offices.

    The majority of employers have a small number of staff devoted to economic consultancy work, or alternatively are relatively small organisations focused purely on economic consultancy.

    Salaries 

    Starting salaries range from £25k to £35k per annum with some economic research bodies and government departments paying less.

    A graduate joining one of the major consultancies will have a starting salary of around £32,000. A smaller consultancy or corporate will probably offer less – perhaps £24,000 to £26,000. The public sector are likely to offer a similar joining salary to smaller consultancies and corporates (Prospects).

    Placements

    Staff

    Dr Gurjeet Dhesi

    School/Division: Business / Business and Enterprise
    Job title: Senior Lecturer

    Gurjeet's current research interests lie in the fields of Quantitative Finance, Financial Econometrics and Applied Mathematical Modelling.


    Dr Peter Luke

    School/Division: Business / Business and Enterprise
    Job title: Associate Professor; Associate Head of Business and Enterprise

    Dr Luke is an Associate Professor and Subject Group Leader for Economics within the School of Business. He currently lectures on the BA Business Studies course, and is the Course Director for the BSc Economics undergraduate degree. Dr Luke is also the Director of the Centre for International Business Studies.


    Facilities

    Teaching and learning

    Learning materials are available on the Virtual Learning Environment so you can access them any time. Seminars make use of group-work and discussions, workshops and computer lab work.

    Percentage of time spent in different learning activities
    Lectures and seminars Self-directed study
    Year 1 30% 70%
    Year 2 30% 70%
    Year 3 30% 70%

    Personal Tutoring

    As an undergraduate Business student, you will be allocated a named tutor during your first three weeks at LSBU.  The role of your tutor is to be your primary contact for academic and professional development support.

    Your tutor will support you to get the most of your time at LSBU, providing advice and signposting to other sources of support in the University. They should be the first person at the university that you speak to if you are having any difficulties that are affecting your work. These could be academic, financial, health-related or another type of problem.  

    You will have appointments with your personal tutor at least once a semester for 30 minutes throughout your course.  You can contact your tutor for additional meetings or support by email.

    Coaching

    Students in their first year of an undergraduate degree will also benefit from our coaching programme.  This programme is a proactive approach to student development that draws out our students' potential through a process of self-analysis, reflection, planning and action, enabling students to discover and decide upon their required needs.

    Entry requirements

    2018 Entry

    • A Level BCC or:
    • BTEC National Diploma DMM or:
    • Access to HE qualifications with 9 Distinctions and 36 Merits or:
    • Equivalent Level 3 qualifications worth 112 UCAS points
    • Applicants must hold 5 GCSEs A-C including Maths and English, or equivalent (reformed GCSEs grade 4 or above).
    • We welcome equivalent qualifications from around the world. English language qualifications for international students: IELTS score of 6.0 or Cambridge Proficiency or Advanced Grade C.

    How to apply

    Apply now for a full-time course starting this September through Clearing.

    Call 0800 923 8888 to speak to one of our dedicated Clearing advisors who’ll take you through your application.

    You can also speak to us in person at one of our clearing application sessions.

    If you’re applying for a health and social care course use our online application service.

    For more information visit our Clearing page.

    Part-time course

    Please follow the instructions on the table below to apply for a part-time course.

    International students

    International (non Home/EU) applicants should follow our international how to apply guide.

    2019 entry

    International students

    International (non Home/EU) applicants should follow our international how to apply guide.

    Instructions for Home/EU applicants
    Mode Duration Start date Application code Application method
    Mode
    Full-time
    Duration
    3 years
    Start date
    January; September
    Application code
    LN12
    Application method
    Mode
    Sandwich
    Duration
    4 years
    Start date
    January; September
    Application code
    4670
    Application method

    For full-time courses, please send your applications through the Universities and Colleges Admissions Service (UCAS) using our code L75. UCAS is the organisation responsible for managing applications to higher education courses in the UK.

    For part-time courses, you can apply directly to the University.

    For more details on how to apply (full-time and part-time) see our how to apply page.

    Accommodation

    Once we have made you an offer, you can apply for accommodation. You can rent from LSBU and you’ll deal directly with the university, not third party providers. That means we can guarantee you options to suit all budgets, with clear tenancy agreements and all-inclusive rents that include insurance for your personal belongings, internet access in each bedroom and on-site laundry facilities.

    Or, if you’d rather rent privately, we can give you a list of landlords – just ask our Accommodation Service.

    Read more about applying for accommodation at LSBU.

    Finance

    You don't need to wait for a confirmed place on a course to start applying for student finance. Read how to pay your fees as an undergraduate student.

    Fees and funding

    Fees are shown for new entrants to courses, for each individual year of a course, together with the total fee for all the years of a course. Continuing LSBU students should refer to the Finance section of our student portal, MyLSBU. Queries regarding fees should be directed to the Fees and Bursaries Team on: +44 (0)20 7815 6181.

    Full-time
    The fee shown is for entry 2018/19.
    UK/EU fee: £9250International fee: £13125
    AOS/LSBU code: 4670Session code: 1FS01
    Total course fee:
    UK/EU (excluding any optional years) £27750
    UK/EU (including any optional years) £27750
    International (excluding any optional years) £39375
    International (including any optional years) £39375
    The fee shown is for entry 2018/19.
    UK/EU fee: £9250International fee: £13125
    AOS/LSBU code: 4670Session code: 1FS00
    Total course fee:
    UK/EU (excluding any optional years) £27750
    UK/EU (including any optional years) £27750
    International (excluding any optional years) £39375
    International (including any optional years) £39375

    For more information, including how and when to pay, see our fees and funding section for undergraduate students.

    Please check your fee status and whether you are considered a home, EU or international student for fee-paying purposes by reading the UKCISA regulations.

    Possible fee changes

    The University reserves the right to increase its fees in line with changes to legislation, regulation and any governmental guidance or decisions.

    The fees for international students are reviewed annually, and additionally the University reserves the right to increase tuition fees in line with inflation up to 4%.

    Scholarships

    We offer several types of fee reduction through our scholarships and bursaries. Find the full list and other useful information on our scholarships page.

    Case studies

    Select a case study and read about practical project work, students' placement experiences, research projects, alumni career achievements and what it’s really like to study here from the student perspective.

    Prepare to start

    Applicant events

    After you’ve received your offer we’ll send you emails about events we run to help you prepare for your course.

    Welcome Week

    Before you start your course we’ll send you information on what you’ll need to do before you arrive and during your first few days on campus. You can read about the process on our Welcome Week pages.

     
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    Contact information

    Course Enquiries - UK

    Tel: 0800 923 8888

    Get in touch

    Course Enquiries - EU/International

    Tel: +44 (0) 20 7815 6189

    Get in touch
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