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Business Economics

Apply for this course

The deadline for UK students to apply for this course for entry in 2022 was 26 January 2022.

The deadline for international students was 30 June 2022.

Related courses

There are twelve courses related to Business Economics that you might be interested in.

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Bachelor of Arts

A Bachelor of Arts (BA Hons) is a bachelor’s degree awarded for an undergraduate programme in the arts.

Course overview

Ranked 3rd in the Russell Group Universities for ‘student experience’* (Times Good University Guide 2021), our Business Economics BA (Hons) programme will give you a firm foundation of knowledge in business economics, as well as a complementary training in a focused business pathway: Accounting and Finance or International Business.

*based on subject area.

Introduction

Studying Business Economics BA at Liverpool will develop your quantitative and analytical skills in addition to broadening your business knowledge.

Throughout your time at Liverpool, our Business Economics BA programme will help you develop much sought after analytical skills that you’ll be able to use in many different business settings as you will have the opportunity to gain experience using real-time trading information, economic and financial news in our Bloomberg Trading Floor.

From your first year of studying right up until your last, you will cover the main principles of business and depending on your chosen pathway, Accounting and Finance or International Business, you will also study the key areas of economics to understand and put into a business context, discover its role within business, the UK and the wider global economy.

What you'll learn

  • Development of economic thought
  • Professional skills and employment preparation
  • Understanding of how statistics operate economics and business
  • Financial management and reporting
  • Gain knowledge of accounting theory
  • International development in the global economy
  • Key issues in international business
  • The study of microeconomic and macroeconomic theory

Accreditation

The University of Liverpool Management School holds accreditation from AACSB, AMBA and EQUIS. This makes it one of an elite group of institutions worldwide to hold the gold standard triple accreditation.

Through excellent teaching and quality content, this course is accredited by the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA).

Accreditations in detail

Accreditations

The University of Liverpool Management School holds accreditation from AACSB, AMBA and EQUIS. This makes it one of an elite group of institutions worldwide to hold the gold standard triple accreditation.

Through excellent teaching and quality content, this course is accredited by the Institute of Chartered Accountants in England and Wales (ICAEW), the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA).

Course content

Discover what you'll learn, what you'll study, and how you'll be taught and assessed.

Year one

Your first year at Liverpool will introduce you to the subjects that provide the foundation for an economic study of business. Upon commencing the programme you will take a combination of core modules and optional modules determined by your chosen pathway: Accounting and Finance or International Business.

Both pathways have a number of compulsory modules that must be completed in addition to optional modules.

Compulsory modules

DEVELOPMENT OF ECONOMIC THOUGHT (ECON128)

Credits: 15 / Semester: semester 1

​ This course looks at the evolution of economic thought, ideas and doctrines. Like the history of philosophy or science, the aim is not to understand the details of the economic phenomena (you will study these in in modules across your degrees) but how people have tried to make sense of the philosophy. Such economic ideas feed into politics and influence what happens in the economy or even science (and not necessarily in the way the progenitors intended!). The Political and scientific environments can then also influence economic ideas.   On completing this course you will understand how the discipline’s influential people such as Adam Smith, Karl Marx, John Maynard Keynes and other (not quite as famous) economic philosophers perceived and analysed the economic world, which created the modern economic environment in which we live and which we study.

MATHEMATICS FOR ECONOMICS AND BUSINESS (ECON111)

Credits: 15 / Semester: semester 1

This module introduces students to the application of mathematics to economics and business. The material will show how mathematical methods can be applied to problems in market analysis, agent optimisation (e.g. Consumer utility maximisation and firm profit maximisation), compound interest, and investment appraisal. The module design takes account of students’ differing mathematical backgrounds in conjunction with the need to prepare all students for second and third year courses.

PRINCIPLES OF MACROECONOMICS (ECON123)

Credits: 15 / Semester: semester 2

This module complements and builds on Principles of Microeconomics and provides a foundation for further studies in macroeconomics. It introduces concepts and theories of economics which help understand changes in the macroeconomic environment and enables students to explain and analyse the formulation of government macroeconomic policy.

PRINCIPLES OF MICROECONOMICS (ECON121)

Credits: 15 / Semester: semester 1

The module acquaints the student with a foundation in neo-classical microeconomics. The module equips students with the knowledge and mathematical tools to approach fundamental problems in microeconomic analysis. Students are introduced to the importance of theoretical models and their role. The module is supported by a customized textbook. Students who engage fully with this course will receive a solid foundation in microeconomics, which forms the foundation of all future courses in microeconomics and related subjects.

PROFESSIONAL SKILLS AND EMPLOYMENT PREPARATION (ECON170)

Credits: 15 / Semester: semester 2

This module aims to provide students with the key skills required of the professional economist in the current business environment and to prepare students for an Economics based year in industry by providing them with an understanding of the skills required to secure a work placement and gain the most from their placement experience. It also provides the opportunity to acquire, develop and apply these skills.

STATISTICS FOR ECONOMICS AND BUSINESS (ECON112)

Credits: 15 / Semester: semester 2

The aim of this module is to give students an understanding of how statistics operates in Business and Economics. This module serves both as a foundation for further study and as a broadly based introduction to statistics. It is practically based and will teach the foundations of statistical analysis including calculating and presenting statistics from sample data and inferential techniques for making inferences about variable parameters from these as well as a good understanding of probability and variables as probability distributions.

INTRODUCTION TO FINANCIAL ACCOUNTING (ACFI101)

Credits: 15 / Semester: semester 1

ACFI101 aims to develop a sound understanding of the fundamental principles and techniques of financial accounting.The context and purpose of financial statements is introduced, after which students are introduced to the techniques of recording financial transactions, adjusting financial records and preparing basic financial statements. Successful students will possess a sound base of knowledge for progression towards studying financial reporting in greater depth in the second and final years: the preparation of complex financial statements in conformity with International Financial Reporting Standards (IFRS), both for single entities and groups of companies, and for entities undertaking a wide range of accounting transactions.This module is delivered by means of lectures and tutorials, supported by online self-study question material. The assessment is conducted via two mid-term tests (30%) and a final exam (70%).

Optional modules

INTRODUCTION TO FINANCE (ACFI103)

Credits: 15 / Semester: semester 2

This module introduces students to fundamental concepts in finance. The course aims to provide a firm foundation for the students to build on later on in the second and third years of their programmes, by covering basic logical and rational analytical tools that underpin financial decisions. The course covers topics such as the structure of firms and time value of money. Building on these notions, we then discuss the valuation of simple securities such as bonds and equities. The course also introduces students to project appraisal techniques.

INTRODUCTION TO MANAGEMENT ACCOUNTING (ACFI102)

Credits: 15 / Semester: semester 2

The aim of this module is to introduce students to the nature and purpose of management accounting and to establish a solid foundation in its fundamental techniques.The module will explore and apply a range of basic techniques to produce information that aids management decision making. The techniques covered include cost volume profit analysis, budgeting and investment appraisal. Throughout the module the techniques studied will be applied to contemporary issues in the commercial world.

Programme details and modules listed are illustrative only and subject to change.

Our curriculum

The Liverpool Curriculum framework sets out our distinctive approach to education. Our teaching staff support our students to develop academic knowledge, skills, and understanding alongside our graduate attributes:

  • Digital fluency
  • Confidence
  • Global citizenship

Our curriculum is characterised by the three Liverpool Hallmarks:

  • Research-connected teaching
  • Active learning
  • Authentic assessment

All this is underpinned by our core value of inclusivity and commitment to providing a curriculum that is accessible to all students.

Course options

Studying with us means you can tailor your degree to suit you. Here's what is available on this course.

Global Opportunities

University of Liverpool students can choose from an exciting range of study placements at partner universities worldwide. Choose to spend a year at XJTLU in China or a year or semester at an institution of your choice.

What's available on this course?

Year in China

Immerse yourself in Chinese culture on an optional additional year at Xi'an Jiaotong Liverpool University in stunning Suzhou.

  • Learn Chinese
  • Study in a bustling world heritage city
  • Improve employment prospects
  • Study Chinese culture
  • 30 minutes from Shanghai
  • Learn new skills

Read more about Year at XJTLU, China

Year in industry

Year in industry placements give you an in-depth workplace experience where you can develop your skills and apply your learning.

  • Develop key employability skills that graduate employers are looking for
  • Experience and understand workplace culture and disciple
  • Understand the relationship between academic theory and real world application
  • Begin your professional network
  • Gain industry insight and insight into potential career options.

If you'd like to undertake a year in industry, you can transfer to Business Economics with a Year in Industry BA (Hons) during your studies, subject to meeting the academic requirements of your course.

View Business Economics with a Year in Industry BA (Hons)

To spend a year in industry, you'll need to secure a placement with an organisation. If you're unable to find a placement, you'll continue with the standard version of the course without a year in industry.

Language study

Every student at The University of Liverpool can study a language as part of, or alongside their degree. You can choose:

  • A dedicated languages degree
  • A language as a joint or major/ minor degree
  • Language modules (selected degrees)
  • Language classes alongside your studies

Read more about studying a language

Study as part of XJTLU 2+2

The natural next step for ambitious XJTLU students who want to build a brilliant career.

  • Spend two years at the University of Liverpool campus
  • Improve your prospects of progressing to postgraduate study at a top 100 university
  • Receive two degrees: one from XJTLU, one from the University of Liverpool
  • Get support with visas, accommodation and your career.

Read more about the 2+2 programme.

Your experience

Day-to-day teaching will take place in the University of Liverpool Management School; a world leading centre for management and leadership education and research and is one of an elite group of institutions worldwide to hold the gold standard ‘triple-crown’ accreditation. At the Management School, students have access to careers education, opportunities to work as well as excellent library and IT facilities, just one minute’s walk away.

Virtual tour

What students say...

The pedagogy and practice of the Management School provided me with all the tools I needed to develop strong skills in many areas I use daily at the House of Commons from research to communication.

Jonathon Foster, BA (Hons) Business Management with Law 2018

Careers and employability

Studying Business Economics at the Management School not only develops specific quantitative and analytical skills but a broader business knowledge from studying both business and economics. Our programme will also help to develop your skills of flexibility, problem-solving ability, commercial awareness and communication which are highly valued by employers.

4 in 5 business and management students find their main activity after graduation meaningful.

Graduate Outcomes, 2018-19.

We’re committed to enhancing employability and supporting you all the way to your future career. Our innovative Careers and Employability Service will be on hand throughout your time with us to help you prepare for life after graduation.

The average earnings for Business Economics graduates from the University of Liverpool Management School is £26,000 and many former students find successful careers in many professions such as Business Analyst, Audit Associate, Financial Analyst, Marketing Associate, Associate Analyst and Account Executive for companies such as Astra Zeneca, HSBC, Matalan, NHS and Tesco to name a few.

Students are also encouraged to undertake a Year in Industry which is undertaken as part of the four-year sandwich degree programme. You will be supported in finding and applying for a placement in an organisation which could range from a local small and medium-sized enterprise to a global blue-chip company – the choice in yours!

Additionally, students completing undergraduate degrees at the University of Liverpool Management School often go on to undertake postgraduate programmes such as MSc Accounting and Finance, MSc Economics plus MSc Project Management.

Preparing you for future success

At Liverpool, our goal is to support you to build your intellectual, social, and cultural capital so that you graduate as a socially-conscious global citizen who is prepared for future success. We achieve this by:

  • Embedding employability within your , through the modules you take and the opportunities to gain real-world experience offered by many of our courses.
  • Providing you with opportunities to gain experience and develop connections with people and organisations, including student and graduate employers as well as our global alumni.
  • Providing you with the latest tools and skills to thrive in a competitive world, including access to Handshake, a platform which allows you to create your personalised job shortlist and apply with ease.
  • Supporting you through our peer-to-peer led Careers Studio, where our career coaches provide you with tailored advice and support.

Fees and funding

Your tuition fee covers almost everything, but you may have additional study costs to consider, such as books, specialist equipment or field trips.

Tuition fees

Tuition fees cover the cost of your teaching and assessment, operating facilities such as libraries, IT equipment, and access to academic and personal support. Learn more about tuition fees, funding and student finance.

UK fees
Also applies to Channel Islands, Isle of Man and Republic of Ireland
Full-time place, per year £9,250
Year in industry fee £1,850
Year abroad fee £1,385
International fees
Full-time place, per year £20,550
Fees stated are for the 2022-23 academic year.

Additional costs

All students have the opportunity to spend a semester studying overseas during their second year, subject to your year one performance. If you elect to study abroad you will need to cover associated travel and living costs. University travel bursaries and subsistence grants are available.

Find out more about the additional study costs that may apply to this course.

Additional study costs

All students have the opportunity to spend a semester studying overseas during their second year, subject to your year one performance. If you elect to study abroad you will need to cover associated travel and living costs. University travel bursaries and subsistence grants are available.

Find out more about additional study costs.

Scholarships and bursaries

We offer a range of scholarships and bursaries to help cover tuition fees and help with living expenses while at university.

Scholarships and bursaries you can apply for from the United Kingdom

Entry requirements

The qualifications and exam results you'll need to apply for this course.

My qualifications are from: United Kingdom.

Your qualification Requirements

About our typical entry requirements

A levels

AAB

Narrowly missed the entry requirements on results day?

You may automatically qualify for reduced entry requirements through our contextual offers scheme.

GCSE GCSE Mathematics at grade 7/A and GCSE English at grade 4/C required.
Subject requirements

Some Level 3 qualifications are only acceptable alongside 2 A levels, please contact us for details.

BTEC Level 3 National Extended Diploma

BTEC Diploma at D*D* plus one A level at a minimum grade of B.

Or BTEC Extended Diploma at D*D*D plus one A level at a minimum grade of B.

BTEC applicants without an A level should apply to N100, N120 or N500.

BTEC qualifications must be in a Business related subject.

International Baccalaureate

35 points with no score less than 4 – International Baccalaureate Mathematical Studies is not accepted for any Management School programme in lieu of GCSE Mathematics, or Higher Level Mathematics where this is a requirement

Irish Leaving Certificate H1,H1,H2,H2,H2,H3
Scottish Higher/Advanced Higher

Scottish Advanced Highers at AAB

Welsh Baccalaureate Advanced Only acceptable alongside 2 A levels: WB grade A with A levels AB or WB grade B with A levels AA
Access Accepted in a relevant Business/Humanities/Social Science subject, 45 L3 Credits at Distinction
International qualifications

Many countries have a different education system to that of the UK, meaning your qualifications may not meet our entry requirements. Completing your Foundation Certificate, such as that offered by the University of Liverpool International College, means you're guaranteed a place on your chosen course.

Contextual offers: reduced grade requirements

Based on your personal circumstances, you may automatically qualify for up to a two-grade reduction in the entry requirements needed for this course. When you apply, we consider a range of factors – such as where you live – to assess if you’re eligible for a grade reduction. You don’t have to make an application for a grade reduction – we’ll do all the work.

Find out more about how we make reduced grade offers.

Preferred subjects

If you narrowly miss the entry requirements, we may take your subjects into account when we have your results. Students with two or more of these subjects may be given preference if places are available.

  • Accounting
  • English Literature
  • Maths
  • Anthropology
  • English Language and Literature
  • Music
  • Archaeology
  • Environmental Studies
  • Philosophy
  • Ancient History
  • Further Maths
  • Physics
  • Biology
  • Geography
  • Psychology
  • Business Studies/ Applied
  • Geology
  • Religious Studies
  • Classics
  • Government & Politics
  • Science in Society
  • Chemistry
  • History
  • Sociology
  • Computing
  • History of Art
  • Statistics
  • Economics
  • Languages*
  • World Development
  • English Language
  • Law

*Languages include modern foreign/community languages taken as individual subjects (e.g.French, Spanish, Urdu, Gujarati) and classical languages (e.g. Biblical Hebrew, Latin, Classical Greek).

About our entry requirements

Our entry requirements may change from time to time both according to national application trends and the availability of places at Liverpool for particular courses. We review our requirements before the start of the new UCAS cycle each year and publish any changes on our website so that applicants are aware of our typical entry requirements before they submit their application.

Recent changes to government policy which determine the number of students individual institutions may admit under the student number control also have a bearing on our entry requirements and acceptance levels, as this policy may result in us having fewer places than in previous years.

We believe in treating applicants as individuals, and in making offers that are appropriate to their personal circumstances and background. For this reason, we consider a range of factors in addition to predicted grades, widening participation factors amongst other evidence provided. Therefore the offer any individual applicant receives may differ slightly from the typical offer quoted in the prospectus and on the website.

Alternative entry requirements

  • If your qualification isn't listed here, or you're taking a combination of qualifications, contact us for advice
  • Aged 20+ and without formal qualifications? The one-year Go Higher diploma qualifies you to apply for University of Liverpool arts, humanities and social sciences programmes
  • Applications from mature students are welcome.