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BSc (Hons) Economics

Southwark Campus

Mode: Full-time

Overview

Count on us

Our Economics course is versatile and an ideal route into marketing, sales, advertising, IT, education or further studies. The degree gives you a strong foundation in economic analysis, a fundamental part of today's global finances.

Why Economics at LSBU?

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
Full-time (intl. students only)
Duration
3 years
Start Date
January
Location
Southwark Campus
Mode
Full-time (sandwich)
Duration
4 years
Start Date
September
Location
Southwark Campus

Modules

In general terms, Level 4 provides the broad platform for a thorough knowledge of the main economic and business related disciplines in an international context. Beyond Level 4, the structure enables you to make a more detailed journey to an understanding of economics, building on your strengths and interests. Methods of assessment for course overall: 71% coursework.

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. 
  • 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 work placement You’ll gain the opportunity to spend a year in the work-place, honing your transferable skills and providing academic learning in the development of real-world systems. The assessment of the placement is designed to support and accredit the experience by formalising personal development outcomes, and by contextualising prior learning.

Year 4

  • 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.
  • 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. 
  • Economic research
    A capstone to the economics course is a piece of independent research where you'll write an economic journal formatted article focused on a present and relevant economic research topic. The module leads you to develop a full understanding of an economic topic, with the aim of developing expert knowledge into the chosen topic.

Plus three options* 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.

*All options run subject to sufficient students selecting the option.

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).

Employability Service

We are University of the Year for Graduate Employment for the second year in a row - The Times and Sunday Times Good University Guide 2018, 2019.

At LSBU, we want to set you up for a successful career. During your studies – and for two years after you graduate – you’ll have access to our Employability Service, which includes:

  • An online board where you can see a wide range of placements: part-time, full-time or voluntary. You can also drop in to see our Job Shop advisers, who are always available to help you take the next step in your search.
  • Our Careers Gym offering group workshops on CVs, interview techniques and finding work experience, as well as regular presentations from employers across a range of sectors.

Our Student Enterprise team can also help you start your own business and develop valuable entrepreneurial skills.

Professional links

The economics team at LSBU are closely involved with the Centre for International Business Studies or CIBS. The current Research Director of CIBS, Dr Peter Luke, is also the subject group leader and course director for this course. Recent guest speakers reflect the range of disciplines across the School of Business and students studying economics are actively encouraged to attend the lecture series held each semester.

Recent guests include Gian Paolo Ansaloni, Deputy Chief Economist at the Home Office, who spoke to students about what it's like to work as a government economist, and about the fast stream route into the civil service for students currently studying economics.

Upon completion of certain core modules on the course (Concepts of Management, Business Economics and Historical and Institutional Economics), students will receive the ILM Level 5 Certificate in Leadership and Management.

IoEE Centre of Excellence logo
Centre of Excellence status is the IoEE’s (Institute of Enterprise and Entrepreneurs) flagship organisational accreditation for organisations that promote and deliver enterprise skills development – and is in recognition of the School’s entrepreneurial culture and leading-edge practice.
ACCA logo
The Association of Chartered Certified Accountants (ACCA) was founded in 1904; the ACCA is the global body for professional accountants offering the Chartered Certified Accountant qualification. This course provides exemptions for ACCA paper F1.
ILM
The ILM is the UK’s leading provider of leadership, management and coaching qualifications, with over 50 years’ experience in learning and development. Every year they improve the leadership skills and success levels of over 90,000 managers. The qualification grants students access to the ILM learning platform and online learning community.

Placements

During your third year you'll have the option of spending a year in industry, working in a business or economics-focused environment. This could be in the UK or overseas. You'll be supported by the course team and the University's Employability Service.

Teaching and learning

A variety of teaching methods are used, including the use of case studies, computer simulations, and group projects. The majority of first and second year modules are taught with eBooks provided by the University.

The precise mix of methods varies considerably from module to module, but in general, most are normally conducted through a series of lectures and seminars organised in three / four hour sessions per week.

The lectures generally set the framework for the module by providing you with the basic theoretical concepts, and examples of their application. Key module topics are introduced weekly in lectures.

Seminars are normally student-centred and investigative. You are expected to make oral presentations on given or chosen topics. The main aims of seminars are to enable you to develop practical and communication skills, equip you with tools for problem solving, encourage team work, and encourage you to critically evaluate your colleague’s presentations through discussion.

The emphasis on student-centred, investigative, active learning methods is reflected in the fact that most course modules will require about 10 hours of private study time in addition to around 40 hours of class contact. Class contact will average 2 to 4 hours per week per module - giving around 12 to 14 hours per week class contact overall.

Percentage of time spent in different learning activities
Lectures and seminars Self-directed study
Year 1 30% 70%
Year 2 29% 71%
Year 3 23% 77%

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.

Staff

Entry requirements

  • 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

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
L100
Application method
Mode
Full-time (intl. students only)
Duration
3 years
Start date
January
Application code
L100
Application method
Mode
Full-time (sandwich)
Duration
4 years
Start date
September
Application code
L100
Application method

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.

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.

Enrolment

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 Enrolment pages.

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

Year 1 FT Southwark JAN

The fee shown is for entry 2019/20.
UK/EU fee: £9250International fee: £13780
AOS/LSBU code: 4369Session code: 1FS01
Total course fee:
UK/EU (excluding any optional years) £27750
UK/EU (including any optional years) £27750
International (excluding any optional years) £41340
International (including any optional years) £41340

Year 1 FT Southwark SEPT

The fee shown is for entry 2019/20.
UK/EU fee: £9250International fee: £13780
AOS/LSBU code: 4369Session code: 1FS00
Total course fee:
UK/EU (excluding any optional years) £27750
UK/EU (including any optional years) £27750
International (excluding any optional years) £41340
International (including any optional years) £41340

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 and for our regulatory returns, by reading the UKCISA regulations.

See our Tuition Fees Regulations (PDF File 143 KB) and Refund Policy (PDF File 102 KB).

Possible fee changes

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

The fees for international students are reviewed annually and the University reserves the right to increase the tuition fees in line with the RPIX measure of inflation up to 4 per cent.

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.

KIS Data

Full-time