Business Economics with a Year in Industry BA (Hons)

Key information


  • Course length: 4 years
  • UCAS code: LN12
  • Year of entry: 2020
  • Typical offer: A-level : ABB / IB : 33 with no score less than 4 / BTEC : Applications considered

Module details

Programme Year One

The first year aims to 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 others determined by your chosen pathway – either Accounting and Finance or International Business.

Accounting and Finance pathway

  • Development of economic thought (ECON128)
  • Introduction to financial accounting (ACFI101)
  • Mathematics for economics and business (ECON111)
  • Principles for macroeconomics (ECON123)
  • Principles for microeconomics (ECON121)
  • Professional skills and employment preparation (ECON170)
  • Statistics for economics and business (ECON112)

plus

  • Introduction to finance (ACFI103)

or

  • Introduction to managerial accounting (ACFI102).

International Business pathway

  • Development of economic thought (ECON128)
  • Mathematics for economics and business (ECON111)
  • Principles for macroeconomics (ECON123)
  • Principles for microeconomics (ECON121)
  • Professional skills and employment preparation (ECON170)
  • Statistics for economics and business (ECON112)

plus

  • Global economic (and business) environment (ECON159)

and

  • Introduction to finance (ACFI103).

Year One Compulsory Modules

  • Development of Economic Thought (ECON128)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    This module aims to:
    1. Develop students understanding of the economic discipline
    2. Develop key skills in construction of Economic argument and comparative analysis
    3. Providing a foundation for further studies in the discipline.

    Learning Outcomes

    (LO1) Students will be able to provide a firm foundation of knowledge of the development of economic theories, ideas and tools.

    (LO2) Students will develop the relevant skills for the constructive use of economic knowledge in a contemporary environment.

    (LO3) Students will be able to foster an understanding of alternative approaches to the analysis of economic phenomena.

    (LO4) Students will be able to foster knowledge and awareness of historical, political, institutional, international, social and environmental contexts in which specific economic analysis is applied.

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Communication skills

    (S4) International awareness

    (S5) Lifelong learning skills

  • Mathematics for Economics and Business (ECON111)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting75:25
    Aims

    This module introduces students to the application of mathematics to economics, management and accounting. The material will show how mathematical methods can be applied to problems in market analysis, compound interest, investment appraisal and agent optimisation (eg consumer utility maximisation and firm profit maximisation). 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.

    Learning Outcomes

    (LO1) Students will be able to develop a good grasp of basic mathematical techniques in the study of supply and demand curves;

    (LO2) Students will become familiar with the basic techniques of calculus and their applications to economics: the analysis of profit, revenue etc;

    (LO3) Students will develop a working knowledge of the basic mathematics of finances

    (S1) Adaptability

    (S2) Problem Solving Skills

    (S3) Numeracy

    (S4) commercial Awareness

    (S5) Teamwork

    (S6) Organisational skills

    (S7) Communication skills

    (S8) International awareness

    (S9) Lifelong learning skills

    (S10) Ethical awareness

  • Principles of Macroeconomics (ECON123)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting40:60
    Aims

    The aims of this module are:
    To complement and build on Principles of Microeconomics and to provide a foundation for further studies in macroeconomics.
    To introduce concepts and theories of economics which help understand changes in the macroeconomic environment.
    To explain and analyse the formulation of government macroeconomic policy.

    Learning Outcomes

    (LO1) Explain the relationship between expenditures and national income and demonstrate how monetary and fiscal policies may be used to influence them

    (LO2) Explain the behaviour of economic aggregates such as national income, inflation and unemployment over time

    (LO3) Explain and assess government policy in a range of policy situations

    (LO4) Explain the framework of national income accounting

    (LO5) Use graphical and algebraic modelling to analyse the economy and economic policy

    (LO6) Explain the interconnections between the markets for goods, money and labour

    (LO7) Explain the principal influences on long-term growth and the short-run fluctuation in output around the long-run growth trend

    (LO8) Locate, select and analyse information relevant to assessing the state of the economy and economic policy

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Teamwork

    (S5) Organisational skills

    (S6) Communication skills

    (S7) International awareness

    (S8) Lifelong learning skills

    (S9) Ethical awareness

  • Principles of Microeconomics (ECON121)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    This module aims to provide students with a clear foundation of the purpose, scope and topics of microeconomic analysis. Students will develop their ability to think critically and analytically, and understand how to frame real world problems in an economic model. This module forms the starting point for all future courses in Microeconomics.  
    This module also emphasizes the role of mathematics in economics.

    Learning Outcomes

    (LO1) Students will have the ability to understand, explain, analyse and solve core problems in microeconomics.

    (LO2) Students will be able to practice and develop their mathematical techniques and understand the role of mathematical analysis in microeconomics.

    (LO3) Students will be able to familiarise themselves with the principles of using an 'economic model' and how to model individual decision-making for both consumers and producers.

    (LO4) Students will be able to apply their understanding of economic decision-making, optimisation and equilibrium to real world situations.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Communication skills

    (S4) IT skills

  • Professional Skills and Employment Preparation (ECON170)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims

    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 and beyond 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.

    Learning Outcomes

    (LO1) Students will be able to critically reflect on and evaluate their skills in relation to prospective employers’ requirements and identify their development needs.

    (LO2) Students will be able to research career opportunities in relation to their own career aspirations using a range of media and approaches.

    (LO3) Students will be able to demonstrate effective oral and written communication skills appropriate to a business context.

    (LO4) Students will be able to experience working with others and how to develop effective relationships.

    (LO5) Students will be able to gain an awareness of the commercial issues facing organisations.

    (LO6) Students will be able to carry out effective self-guided research.

    (LO7) Students will be able to understand the importance of lifelong learning.

    (LO8) Students will be able to develop an awareness of digital capabilities relevant to economists and develop those digital capabilities.

    (S1) Adaptability

    (S2) Problem Solving Skills

    (S3) Commercial Awareness

    (S4) Teamwork

    (S5) Organisational Skills

    (S6) Communication Skills

    (S7) IT Skills

    (S8) Lifelong Learning

  • Statistics for Economics and Business (ECON112)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting80:20
    Aims

    The fundamental aim of this module is to give students an understanding of how statistics operates in Business and Economics;
    To provide both a foundation for further study and a broadly based introduction to statistics;
    To enable students to summarize, present and analyze data from a sample;
    To enable students to understand and apply the practice of statistical inference to sample data to estimate full population variable parameters;
    To enable students to work comfortably with variables as probability distributions, introducing some common and practicably useful probability distributions.

    Learning Outcomes

    (LO1) The basis of data analysis

    (LO2) The fundamental notion of statistical inference

    (LO3) Summarise,describe and present raw data

    (LO4) Estimate the mean of a population (and other statistics)

    (LO5) How to formulate and test hypotheses about values in the population based on random samples

    (LO6) How to carry out basic statistical computations and graphical analysis

    (LO7) How to identify and model relationships between two variables

    (LO8) Understand the use of probability in statistics

    (LO9) Communicating results

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Numeracy

    (S4) Commercial awareness

    (S5) Organisational skills

    (S6) Communication skills

    (S7) International awareness

    (S8) Lifelong learning skills

  • Global Economic (and Business) Environment (ECON159)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting0:100
    Aims

    The aim of this module is to introduce students to: the theoretical basis of economic integration the main economic features of the European Union the workings of the main institutions the major current policy issues.

    Learning Outcomes

    (LO1) Students will be able to describe the main economic aspects of the global economic and business environment in recent years.

    (LO2) Students will be able to identify major economic issues experienced by nations and institutions.

    (LO3) Students will be able to use appropriate economic analysis to examine such issues.

    (LO4) Students will be able to develop cognitive skills of analysis and synthesis.

    (LO5) Students will be able to identify major themes and issues relating to the global economic and business environment.

    (LO6) Students will be able to develop the ability to conduct individual study by drawing on multiple data sources.

    (LO7) Students will be able to develop the ability to discuss current policy issues, particularly as they affect the UK.

    (LO8) Students will be able to identify ethical issues in the interactions of global business networks.

    (S1) Problem solving skills

    (S2) Commercial awareness

    (S3) International awareness

    (S4) Lifelong learning skills

    (S5) Ethical awareness

    (S6) IT Skills

    (S7) Communication Skills

  • Introduction to Finance (ACFI103)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    This module aims:
    to introduce the students to finance.
    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  

    Learning Outcomes

    (LO1) Understand the goals and governance of the firm, how financial markets work and appreciate the importance of finance.

    (LO2) Understand the time value of money.

    (LO3) Understand the determinants of bond yields.

    (LO4) Recognize how stock prices depend on future dividends and value stock prices.

    (LO5) Understand net present value rule and other criteria used to make investment decisions.

    (LO6) Understand risk, return and the opportunity cost of capital.

    (LO7) Understand the risk-return tradeoff, and know the various ways in which capital can be raised and determine a firm's overall cost of capital.

    (LO8) Know different types of options, and understand how options are priced.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Teamwork

    (S5) Organisational skills

    (S6) Communication skills

    (S7) IT skills

    (S8) International awareness

    (S9) Lifelong learning skills

    (S10) Ethical awareness

  • Introduction to Financial Accounting (ACFI101)
    Level1
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting15:85
    Aims

    To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double entry accounting techniques in recording transactions, adjusting financial records and preparing basic financial statements.

    Learning Outcomes

    (LO1) Prepare basic financial statements

    (LO2) Explain the context and purpose of financial reporting

    (LO3) Demonstrate the use of double entry and accounting systems

    (LO4) Record transactions and events

    (LO5) Prepare a trial balance

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Organisational skills

    (S5) Communication skills

  • Introduction to Management Accounting (ACFI102)
    Level1
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    The aim of this module is to introduce students to the nature and purpose of management accounting and to establish a sound foundation in its fundamental techniques.

    Learning Outcomes

    (LO1) Apply a range of basic techniques to produce information that aids management in planning, control and decision making;

    (LO2) Understand, interpret and analyse management accounting information, and demonstrate an awareness of the importance of non-financial factors;

    (LO3) Evaluate the usefulness of various techniques in different situations and for different purposes.

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Numeracy

    (S4) Commercial awareness

    (S5) Organisational skills

    (S6) Communication skills

    (S7) IT skills

    (S8) Lifelong learning skills

Programme Year Two

In your second year of study, you will start to build upon the foundations you created in your first year to start to deepen your understanding of economics and business with six core Business Economics related modules and two modules in your chosen pathway.

Accounting and Finance pathway

  • International management (MKIB253)
  • Introductory econometrics for business and economics (ECON233)
  • Macroeconomics I (ECON223)
  • Management economics (ECON234)
  • Microeconomics II (ECON222)
  • Microeconomics for business economics (ECON227)

plus

  • Financial management (ACFI204)

or

  • Financial reporting (ACFI201)

and

  • Accounting theory (ACFI202)

or

  • Management accounting (ACFI203).

International Business pathway

  • International management (MKIB253)
  • Introductory econometrics for business and economics (ECON233)
  • Macroeconomics I (ECON223)
  • Management economics (ECON234)
  • Microeconomics II (ECON222)
  • Microeconomics for business economics (ECON227)

plus

  • Financial management (ACFI204)

and

  • International development (MKIB261).

Year Two Compulsory Modules

  • International Management (MKIB253)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting60:40
    Aims

    This module aims to introduce students to key issues in international business and management from the perspective of the multinational enterprise.

    Learning Outcomes

    (LO1) Explain trends in foreign investment and the growth of the multinational enterprise (MNE) in different home economies

    (LO2) Analyse key issues in the governance and decision-making processes of MNEs

    (LO3) Evaluate the major considerations to be taken into account in MNEs in determining investment decisons

    (LO4) Evaluate the reasons for the success and failure of MNEs including an understanding of the problems that may arise between foreign MNEs and host governments

    (LO5) Appreciate the importance of and analyse the inter-cultural issues that managers of MNEs face

    (S1) Problem solving skills

    (S2) Commercial awareness

    (S3) Teamwork

    (S4) Organisational skills

    (S5) Communication skills

    (S6) International awareness

    (S7) Lifelong learning skills

    (S8) Ethical awareness

  • Introductory Econometrics for Business and Economics (ECON233)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    The aims of the module are as follows:

    To learn basic econometric concepts and the theory behind them
    To subsequently apply econometric techniques in business and economics;
    To implement econometric analysis using observed data and computer software.

    Learning Outcomes

    (LO1) Students will be able to use of computer packages using various econometric techniques, to real and observed economic / business data.

    (LO2) Students will be able to use elementary forecasting techniques.  

    (LO3) Students will be able to understanding the theory behind the econometric concepts and their relevance to the evaluation of certain business and / or economic situations.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Communication skills

    (S5) IT skills

  • Macroeconomics I (ECON223)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting60:40
    Aims

    To extend the study of macroeconomic theory to the intermediate level.
    To analyse the classical and Keynesian macroeconomic models, and their policy implications, in order to provide a context for subsequent developments in modern macroeconomics associated with monetarism, new classical and new Keynesian economics.

    Learning Outcomes

    (LO1) Students will be able to understand how employment, output, interest rate and the price level are determined in the classical model

    (LO2) Students will be able to understand the origin of economic growth in the short runand in the long run

    (LO3) Students will be able to understand the effects of fiscal and monetary policies in the IS-LM model

    (LO4) Students will be able to understand the effects of fiscal and monetary policies under different exchange-rate regimes

    (S1) Problem-solving skills

    (S2) Numeracy

    (S3) Organisational skills

    (S4) Communication skills

    (S5) International awareness

    (S6) Lifelong learning skills

  • Management Economics (ECON234)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    This module introduces students to the economic approaches to the study of organisations.   It also shows how economics can be applied to strategic management, mergers and acquisitions, and corporate governance.

    Learning Outcomes

    (LO1) Students will be able to understand how organisations achieve co-ordination.

    (LO2) Students will be able to understand informational problems for markets and organisations .

    (LO3) Students will be able to understand goals and decision-making within the firm using behavioural theories.

    (LO4) Students will be able to understand agency relations between owners, managers and employees.

    (LO5) Students will be able to understand the effects of transactions costs on choosing between markets and organisations and organisational forms.

    (LO6) Students will be able to understand the contribution of economics to strategicmanagement, mergers and acquisitions, agency problems of corporate governance.

    (LO7) Students will be able to understand the resource-based view of the firm.

    (LO8) Students will be able to understand the factors that lead industries to vertically integrate or require locational proximity to suppliers.

    (LO9) Students will be able to understand how companies trade externally and internationally through international trade and cross-border transactions when vertical integration within the same company is less necessary.

    (LO10) Students will be able to understand the ethical considerations of incentives and, in particular, how they can lead people to game performance pay schemes.

    (LO11) Students will be able to understand how efficiency wages can induce ethical behaviour such as honesty in employees.

    (LO12) Students will be able to understand the ethical consequences of moral hazard in healthcare markets, and how they can lead to market failure.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Communication skills

    (S5) IT skills

    (S6) Ethical awareness

  • Microeconomics 2 (ECON222)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting70:30
    Aims

    This module, following on from with Microeconomics 1, aims to provide a solid foundation of intermediate level microeconomic theory. 
    The module uses the theoretical foundations developed in the first semester and aims to extend the application of the skills acquired to more advanced topics such as welfare economics.
    This module also aims to prepare students for the more advanced modules in the third year by introducing topics such as asymmetric information and game theory.

    Learning Outcomes

    (LO1) Have a thorough understanding of the core concepts and models used in Welfare Economics, Asymmetric Information, and Game Theory.

    (LO2) To prepare students to think and apply themselves to analyse a range of problems in the three areas mentioned above.

    (LO3) To develop problem solving skills using verbal, diagrammatic and mathematical methods to problems in the above topics.

    (LO4) To deepen a critical perspective regarding the assumptions underlying microeconomics models.

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Numeracy

    (S4) Organisational skills

    (S5) Communication skills

    (S6) Lifelong learning skills

  • Microeconomics for Business Economics (ECON227)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    Students should acquire the ability to reason about economic topics, and provide logical analysis of specific economic problems.
    Students will acquire the ability to demonstrate economic analysis of topics which start from individual choices.
    Students will acquire specific knowledge regarding economic theory which will be useful when taking further courses in economic theory.

    Learning Outcomes

    (LO1) Understand how to analyse individual consumption behaviour

    (LO2) Understand the implications of profit maximization for firms.

    (LO3) Combine the knowledge of consumption and production behaviour to provide a general equilibrium analysis of economic activities.

    (S1) Problem solving skills

    (S2) Communication skills

  • Financial Management (ACFI204)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    The module aims to introduce students to the modern theory of finance and financial management. Theoretical concepts like the net present value, decision making under uncertainty, portfolio selection and the capital asset pricing model are introduced. These concepts serve as prerequisites for investment and financing decisions which are exemplified by an analysis of valuation of firms, capital structure decisions and dividend policy. More specifically, the topics covered are the value and capital budgeting, portfolio theory, models of security valuation, efficient markets, long-term financing, company dividend decisions, capital structure, and interactions of investment and financing decisions. In all cases contemporary examples will be used to make theory come to life.

    Learning Outcomes

    (LO1) Facilitate understanding of the main themes of modern financial management.

    (LO2) Equip students with the tools and techniques of financial management.

    (LO3) Enable students to interpret and critically examine financial management issues and controversies.

    (LO4) Provide the necessary knowledge to allow students to progress to studying Business Finance in the third year.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Organisational skills

    (S5) Communication skills

    (S6) IT skills

    (S7) International awareness

    (S8) Lifelong learning skills

    (S9) Ethical awareness

  • Financial Reporting 1 (ACFI201)
    Level2
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    To enable candidates to prepare single entity financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS).
    Candidates will also be expected to explain accounting and reporting concepts and ethical issues, and the application of specified IFRS to specified single entity.

    Learning Outcomes

    (LO1) Students will be able to draw up a set of financial statements which comply with the major provisions of IAS1 and other key International Accounting Standards;

    (LO2) Students will be able to understand and apply key international accounting standard regulations with respect to presentation, disclosure, recognition and measurement for individual company financial statements;

    (LO3) Students will be able to assess the concepts underlying financial reporting through a knowledge of the IASBs Conceptual Framework.

    (S1) Adaptibility

    (S2) Improving own learning/performance - Reflective practice

    (S3) Communication (oral, written and visual) - Presentation skills - written

    (S4) Communication (oral, written and visual) - Following instructions/protocols/procedures

    (S5) Communication (oral, written and visual) - Report writing

    (S6) Critical thinking and problem solving - Problem identification

    (S7) International awareness

    (S8) Lifelong learning skills

    (S9) Ethical awareness

    (S10) Numeracy/computational skills - Problem solving

    (S11) Numeracy/computational skills - Numerical methods

    (S12) Global citizenship - Ethical awareness

    (S13) Commercial awareness - Relevant understanding of organisations

    (S14) Personal attributes and qualities - Integrity

  • Accounting Theory (ACFI202)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    This module aims to increase students' knowledge of the theory of accounting and its relevance to the study of accounting practice.
    The module develops knowledge of year one accounting modules and complements the material covered in the second year module Financial Reporting. In addition some of the theoretical material covered in Accounting Theory will provide links to modules in Management Accounting.  
    More specifically, the aim of Accounting Theory is to examine the market for accounting information; processes and effects of regulating financial reporting; the incentives which drive managers’ choices of alternative accounting policies; capital markets’ response to accounting information, and to explore the critical perspectives of accounting and consider selected issues in financial reporting.

    Learning Outcomes

    (LO1) Should possess knowledge about the role and importance of theory and its link to accounting practice.

    (LO2) Should possess knowledge of a range of theoretical models which are useful in understanding and explaining current accounting practices and regulation.

    (LO3) Should be aware of the literature relating to theoretical models in accounting and be able to use theory to understand and evaluate the regulatory institutions of financial reporting in the UK and other countries.

    (LO4) Should be able to understand the regulations applied to financial reporting in the UK and other countries.

    (LO5) Should be to able understand the incentives driving managers in their choice of accounting policies within accounting regulations.

    (LO6) Should be able to make links between financial reporting and other aspects of accounting.

    (LO7) Should be able to understand capital markets' reaction to accounting information.

    (LO8) Should be able to understand and explore the critical perspectives of accounting.

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Commercial awareness

    (S4) Teamwork

    (S5) Organisational skills

    (S6) Communication skills

    (S7) International awareness

    (S8) Lifelong learning skills

    (S9) Ethical awareness

  • Management Accounting (ACFI203)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    The aim of the module is to build on the basic management accounting methods seen in the first year through coverage of a range of further techniques that aid costing, decision-making, planning and control. Themes relating to the impact of internal accounting systems on managerial motivation and incentives will also be introduced.

    Learning Outcomes

    (LO1) Produce a range of management accounting information for control, planning and decision-making that is suitable for different purposes and in different situations.

    (LO2) Analyse and evaluate information such that suitable recommendations to management may be made, showing an awareness of financial and non-financial factors.

    (LO3) Demonstrate an awareness of the behavioural impact of management accounting systems in terms of motivation and incentives.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Organisational skills

  • International Development (MKIB261)
    Level2
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims

    This module is concerned with the theoretical and practical implications of international development in the global economy. The module will enable an in-depth analysis of the central issues associated with the economics and policies of international development. The module also provides an insight into problems, challenges and recent trends in international development as well as identifies future directions.

    Learning Outcomes

    (LO1) Understand in some depth alternative theoretical perspectives associated with international development;

    (LO2) Describe and critically assess major economic and social issues that persist indeveloping world;

    (LO3) Suggest remedies and define obstacles associated with international development;

    (LO4) Critique remedies and policies using some of the contrasting viewpointsassociated with development studies;

    (LO5) Improve students' citation and referencing skills;

    (LO6) Show an awareness of the relationships between economic and policy concepts and actual policies;

    (LO7) Critically assess the role of international trade strategy and regional trade blocks in the development process;

    (LO8) Critically assess the international role of the Global Governance Institutions;

    (LO9) Understand other issues central to international development

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Commercial awareness

    (S4) Teamwork

    (S5) Organisational skills

    (S6) Communication skills

    (S7) IT skills

    (S8) International awareness

    (S9) Lifelong learning skills

    (S10) Ethical awareness

Programme Year Three

The third year of the programme is spent on placement. You will complete a year-long graduate-level placement, providing valuable work experience and an opportunity to further enhance the skills and attributes sought after by top employers.

You can apply for UK-based placements with a large organisation or smaller company or even seek a placement overseas. You will be visited at least twice by University staff whilst on placement with support from the Placement Team throughout and complete related assessments in May.

Year Three Compulsory Modules

  • Ulms Placement Year (ULMS299)
    Level2
    Credit level120
    SemesterWhole Session
    Exam:Coursework weighting0:100
    Aims

    The module aims to:
    Provide students with the knowledge, skills, business awareness and confidence that will enable them to succeed in the wider business world.
    Provide students with exposure to current management theory and practice in the private, public, large business and small business sectors.
    Give students the opportunities to learn and practice a range of intellectual, interpersonal and technical skills which are relevant to business management
    Encourage creative thinking and provide students with the skills to adapt and respond positively to changing circumstances
    Heighten student’s ability to critique existing management wisdom from a variety of perspectives
    Provide an understanding of the work based experience, for example: company management and organisational structure; competition and strategy; marketing and product portfolio; human resource management practices
    Enhance academic learning in the final year of study
    Support students in their continuing professional development

    Learning Outcomes

    (LO1) Students will gain experience of a work-based environment, leading to an understanding of the obligations and duties that bind the staff in an organisation.

    (LO2) Students will develop an understanding of the company in which the placement is completed, including its organisation, product portfolio and key competitors.

    (LO3) Students will develop the ability to link business theory to business practice, showing how theory can inform practice and how it has affected the student’s development throughout the placement.

    (LO4) Students will develop project management skills, an ability to identify a detailed list of tasks,their timing and their duration, milestones in the project, and the development of contingencies for when things go wrong.

    (LO5) Students will develop team-working and interpersonal skills.

    (LO6) Students will develop problem-solving and analytical skills, by applying the transferable skills the student has developed in their first two years at university to tasks faced throughout the placement.

    (LO7) Students will develop decision-making skills, showing how they can identify key criterion in a decision, balance the various criterion, and come to a practical plan of action.

    (LO8) Students will develop presentation skills, showing how they can effectively communicate decisions, actions, and ideas to staff throughout the organisational structure.

    (LO9) Students will develop time management skills.

    (S1) Organisational skills

    (S2) Communication skills

    (S3) Analytical and problem solving skills

    (S4) Business skills

    (S5) Conduct and Behaviour

Programme Year Four

Your final year enables you to apply the theoretical knowledge you’ve gathered in your previous studies and apply it to specific business scenarios as well considering economy theory in relation to contemporary issues. With more optional modules to choose from you are able to pursue areas of study of particular interest to you and your future career plans.

Accounting and Finance pathway: Selected optional modules

  • Advanced management accounting (ACFI303)
  • Behavioural finance (ACFI311)
  • Business finance (ACFI304)
  • Capital markets (ACFI321)
  • Corporate governance (ACFI320)
  • Corporate reporting and analysis (ACFI302)
  • Creative sector economics (ECON362)
  • Derivative securities (ACFI310)
  • Financial crises and defaults (ACFI319)
  • Financial reporting II (ACFI309)
  • Financial risk management (ACFI342)
  • Football financial reporting, analysis and valuation (ACFI322)
  • Game theoretical approaches to microeconomics (ECON322)
  • International trade (ECON335)
  • Issues in development finance (ACFI317)
  • Law and economics (ECON360)
  • The economics of developing countries (ECON306).

International Business pathway: Selected optional modules

  • Behavioural finance (ACFI311)
  • Business finance (ACFI304)
  • Business in emerging economies (MKIB369)
  • Capital markets (ACFI321)
  • Creative sector economics (ECON362)
  • Financial crises and defaults (ACFI319)
  • Financial risk management (ACFI342)
  • Game theoretical approaches to microeconomics (ECON322)
  • Global strategic management (MKIB351)
  • International economic relations (ECON354)
  • International trade (ECON335)
  • Issues in development finance (ACFI317)
  • Law and economics (ECON360)
  • The economics of developing countries (ECON306)
  • The football business (ULMS370).

Year Four Compulsory Modules

  • Contemporary Issues in Economic Policy (ECON330)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    This module aims to give students a factual and theoretical basis to understand and critically evaluate possible responses to the key contemporary challenges faced by policy makers in the United Kingdom.
    The module seeks to enable students to apply theoretical economic concepts to real problems in the areas of social housing, health, education, transport and environment. The module also covers the present and future challenges presented by Brexit and the recent financial crisis to policy makers.

    Learning Outcomes

    (LO1) Students will be able to identify and explain policy responses to contemporary challenges.

    (LO2) Students will be able to understand the fundamental principles and concepts of economics and their application and relevance in the context of contemporary challenges like the financial crisis, Brexit, environmental and transport policy and in key areas of public provision such as health, education and housing.

    (LO3) Students will be able to explain economic concepts such as quasi-markets and market failures and their application in relevant areas.

    (LO4) Students will be able to conduct independent research using relevant secondary sources including economic data.

    (LO5) Students will be able to critically evaluate the issues covered in the module in a clear international context.

    (LO6) Students will be able to develop a critical awareness of the ethical dilemmas and ethical issues involved in the policy responses to the contemporary challenges covered in the module.

    (S1) Problem solving skills

    (S2) Communication skills

    (S3) IT skills

    (S4) International awareness

  • Industrial Organisation (ECON333)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting50:50
    Aims

    To apply the tools of microeconomics to the analysis of firms, markets and industries in order to understand the nature and consequences of the process of competition. These tools will also be applied to the evaluation of relevant government policy.  This will extend knowledge and skills of microeconomic analysis by covering recent advances in theory as well as empirical analysis of relevant microeconomic topics.

    Learning Outcomes

    (LO1) Students will be able to use economic principles, concepts and techniques to discuss and analyse government policy and economic performance with reference to standard frameworks in Industrial Organisation.

    (LO2) Students will be able to apply standard frameworks, including verbal, graphical, mathematical and statistical representations of economic concepts and models, to explain and evaluate the effects of a range of competitive behaviours by firms and how they are influenced by economic incentives and the ethical issues enveloped within this.

    (LO3) Students will be able to analyse current issues and problems in business and industry from domestic, international and cross-border perspectives.

    (LO4) Students will be able to compare, contrast and critically evaluate alternative schools of thought in Industrial Organisation with reference to empirical evidence.

    (LO5) Students will be able to conduct competent applied economic research by locating, selecting and analysing information relevant to the study of Industrial Organisation from domestic and global perspectives.

    (LO6) Students will be able to communicate effectively in writing and in accordance with a report specification

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Communication skills

    (S5) IT skills

    (S6) Ethical awareness

Year Four Optional Modules

  • Advanced Management Accounting (ACFI303)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    The module aims to increase students' knowledge of the theory and practice of management accounting and to build on study of this topic in earlier years, especially to extend and complement the material covered in the second year Management Accounting (ACFI 203). An important part of the module is reviewing of the various theoretical approaches which have been adopted or proposed for the development of management accounting and management decision-making.  Also, detailed materials on the practice of management accounting will be provided and explored in lectures and workshops.  The module thus presents management accounting in a broad context of organisational management and control.

    Learning Outcomes

    (LO1) Students will be able to evaluate the different approaches to performance management.

    (LO2) Students will be able to evaluate the behavioural and financial impact of transfer pricing on performance management.

    (LO3) Students will be able to examine and practice various specialist costing and management accounting techniques.

    (LO4) Students will be able to identify and evaluate the impact of contemporary issues on management accounting practice.

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Numeracy

    (S4) Commercial awareness

    (S5) Teamwork

    (S6) Organisational skills

    (S7) Communication skills

    (S8) IT skills

    (S9) International awareness

    (S10) Lifelong learning skills

    (S11) Ethical awareness

  • Behavioural Finance (ACFI311)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    Provide students with knowledge and understanding of theoretical and empirical limitations of and challenges to the efficient markets hypothesis;

    Present the psychological foundations of Behavioural Finance and how they impact upon investors’ rationality and arbitrage;

    Provide the opportunity for students to critically evaluate behaviourally induced market puzzles;

    Present key behavioural trading patterns from a theoretical perspective and outline their empirical design.

    Learning Outcomes

    (LO1) Understand the key concepts and issues in behavioural finance

    (LO2) Possess a good command of the key theoretical and empirical literature in behavioural finance

    (LO3) Have practiced skills of problem-solving and critical thinking

    (LO4) Be familiar with the main implications (theoretical and empirical) of Behavioural Finance findings

    (LO5) Construct and present critical evaluations of key academic papers in Behavioural Finance

    (LO6) Development of key skills in terms of writtencommunication (eg by completing formative class questions and assignment;through a summative assignment and examination)

    (LO7) Developmentof key skills in oral presentation (eg through group work)

    (LO8) Development of key skills in terms of class participation

    (LO9) Development of key skills in terms of planning and time-management (eg preparing for classes; observing assignment deadlines),problem-solving, critical thinking and analysis, numeracy (eg by applyingtheir extant quantitative knowledge in understanding behavioural financeissues) and initiative (eg searching relevant literature and information inpreparation of seminars and summative assignment)

    (S1) Teamwork

    (S2) Organisational skills

    (S3) Communication skills

    (S4) IT skills

    (S5) International awareness

    (S6) Lifelong learning skills

    (S7) Ethical awareness

  • Business Finance (ACFI304)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting80:20
    Aims

    To provide students with a fundamental understanding of the core theoretical and empirical aspects involved in corporate finance. The course aims to build transferrable skills of students by concentrating on the fundamental theoretical and empirical principles.

    Learning Outcomes

    (LO1) Understand the principles of bonds and stocks valuation.

    (LO2) Assessment of the term structure of interest rates

    (LO3) Develop understanding of emperical and theoretical aspects of capital budgeting under uncertainty, market efficiency

    (LO4) Understand portfolio theory, asset pricing models (CAPM,APT), and portfolio management.

    (LO5) Develop understanding of issues involved in Capital Structure and Dividend policy .

    (LO6) Understand the principles and practices involved in leasing, mergers and acquisitions

    (LO7) Understand the functions and valuation principle of options, futures, warrants and convertibles.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial Awareness

    (S4) Communication skills

  • Capital Markets (ACFI321)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    Capital Markets provides a comprehensive introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our financial system. By drawing on numerous theoretical and practical examples from real-world case studies, this module aims at introducing the basic concepts of the banking, finance, investment, business studies, economics and financial service sector to the third year undergraduate students.

    Learning Outcomes

    (LO1) Traditional capital markets might be described simply as the meeting place where providers and users of capital interact through the medium of money or its proxies. Today’s capital markets in Europe and America continue with the above basic function and have become increasingly more sophisticated to serve the needs of an array of specialized investment sources including private equity funds, hedge funds, sovereign wealth funds. Meeting these specialized needs has entailed the rapid development of new financial products and resulted in highly-rewarding new roles for finance industry professionals. To aid in the analysis and sale of these new products, computers handle vast databases of market data while accompanying analytics support decision-making in a financial world approaching information overload.

    (LO2) The course objective is to present the current capital markets with a blend of the theoretical with the practical. Our examination will extend beyond the traditional financial products, equity and debt instruments, to recent innovations. Until the summer of 2007, capital markets had experienced spectacular growth via a proliferation of new products. In keeping with classic economic theory, the investment rewards of products such as securitization were inevitably accompanied by risks as recent events brought to light. New products like asset-backed securities and Electronic Traded Funds will be reviewed and identified by investor profile and investment rationale.

    (LO3) The context in which our course develops will be the dramatic events unfolding from mid-2007 to the present. The conceptual bases and investment metrics employed by market participants will be examined in depth. Theories of risk v. return and those for interest rates will be reviewed. Data sources, key market indexes and investment performance measures will be identified. The common analytical techniques will be discussed along with the role of equity analysts and also that of major credit rating agencies.

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Commercial awareness

    (S4) Communication skills

    (S5) Lifelong learning skills

    (S6) Ethical awareness

  • Corporate Governance (ACFI320)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting50:50
    Aims

    The module aims to provide students with an understanding of the history and development of corporate governance and the key principles and systems that underpin corporate governance today. It also provides the opportunity to assess the practical application of corporate governance systems across major international organisations.

    Learning Outcomes

    (LO1) understand the need for corporate governance and the reasons for its continued development;

    (LO2) understand the key principles within corporate governance frameworks, with specific reference to the UK Corporate Governance Code;

    (LO3) be able to critically analyse and discuss the corporate governance arrangements for several types of organisation.

    (S1) Organisational skills

    (S2) Communication skills

    (S3) International awareness

    (S4) Lifelong learning skills

    (S5) Ethical awareness

  • Corporate Reporting and Analysis (ACFI302)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting60:40
    Aims

    This module aims to develop students understanding of financial reporting to an advanced level by building upon the knowledge and skills gained in earlier financial reporting modules.  Complex IFRS on topics such as share based payments and deferred tax will be looked at.
    This module also aims to develop students consolidated accounting skills by looking at complex business combinations.
    This module also aims to develop an understanding of financial statement analysis using financial reporting and business strategy skills developed in this and earlier modules.
    This module aims to give students an appreciation of the ethical and professional issues an accountant may face in practice and develop an understanding of how to deal with those issues.

    Learning Outcomes

    (LO1) Students will be able to prepare and evaluate single company financial statements, or extracts thereof, in accordance with IFRS for complex transactions.

    (LO2) Students will be able to account for complex business combinations in accordance with International Accounting Standards.

    (LO3) Students will be able to analyse and interpret financial statements and other financial information and draw appropriate conclusions.

    (LO4) Students will learn to appraise ethical, CSR and professional issues for an accountant undertaking work in corporate reporting and recommend courses of action.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Organisational skills

    (S5) Communication skills

    (S6) International awareness

    (S7) Lifelong learning skills

    (S8) Ethical awareness

  • Creative Sector Economics (ECON362)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting50:50
    Aims

    To provide an historical and methodological basis for understanding the economics of Arts & Cultural industries.
    To explore the application of economic theory in ‘non-standard’ markets, i.e. markets where neoclassical microeconomic assumptions may not hold .
    To microeconomically analyze major creative industries sectors such as fine arts, music, publishing, broadcasting, cinema & arts festivals

    Learning Outcomes

    (LO1) Students will be able to demonstrate a knowledge of and theoretical basis for the economic characteristics of the creative sector.

    (LO2) Students will be able to demonstrate a knowledge of the history and context within which different strands of economic thought developed.

    (LO3) Students will be able to demonstrate a knowledge of the philosophical basis for methodology and evaluate different methodological approaches within the discipline.

    (LO4) Students will be able to demonstrate a knowledge of the size, make-up and economic importance of the creative sector in the UK and internationally.

    (LO5) Students will be able to demonstrate a knowledge of how economic theories are extended beyond their neo-classical assumptions.

    (LO6) Students will be able to develop skills of independent research, thinking and writing through coursework.

    (LO7) Students will be able to demonstrate skills of construction of argument in essay form developed through coursework.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Organisational skills

    (S5) Communication skills

    (S6) IT skills

    (S7) International awareness

    (S8) Lifelong learning skills

  • Derivative Securities (ACFI310)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    This course provides an introduction to derivative securities. Alternative derivative securities like forwards, futures, options, and exotic derivative contracts will be discussed. This incorporates detailing the properties of these securities.

    Furthermore, a key aim is to outline how these assets are valued.   Also the course demonstrates the use of derivatives in arbitrage, hedging and speculation. Finally, practical applications of derivatives and potential pitfalls are discussed.

    The class is run as a discussion based forum and students are expected to read all necessary materials prior to each session.

    Learning Outcomes

    (LO1) Students will be able to describe the principles of option pricing.

    (LO2) Students will be able to compare and contrast alternative fair valuation techniques for pricing derivative instruments.

    (LO3) Students will be able to explain the biases in option pricing models.

    (LO4) Students will be able to apply an appropriate pricing model to a variety of contingent claim securities.

    (LO5) Students will be able to recognize the trading strategy appropriate to expected future market conditions.

    (LO6) Students will be able to derive and apply evolving models of derivative options to effectively manage risk transfer and assess their behaviour in the face of volatile financial and economic conditions.

    (S1) Adaptability

    (S2) Problem solving skills

    (S3) Numeracy

    (S4) Commercial awareness

    (S5) Teamwork

    (S6) Organisational skills

    (S7) Communication skills

    (S8) IT skills

    (S9) International awareness

    (S10) Lifelong learning skills

    (S11) Ethical awareness

  • Financial Crises and Defaults (ACFI319)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    This module aims to provide students with a fundamental understanding of the core theoretical and empirical aspects involved in financial crises and defaults. In particular, the aims are that students will be able to:
    1. Become familiar with a range of mathematical techniques commonly employed in finance with particular emphasis on sovereign debt valuation .
    2. Develop an understanding of the main factors behind financial crises and sovereign defaults.
    3. Become familiar with a range of econometric techniques and models commonly used in order to assess whether asset prices become mispriced (that is, overvalued or undervalued) prior, during and after financial crises.
    4. Become aware that all econometric models, which are dependent on a set of underlying assumptions such as a linear versus a non-linear specification or the conditioning information set (in terms of defining the so-called ‘control’ variables), have limitations in the sense that the answer to a particular problem might change once the underlying assumptions change.

    Learning Outcomes

    (LO1) Students will be able to understand the principles of sovereign debt evaluation.

    (LO2) Students will be able to understand how credit-rating agencies assign credit-rating scores to sovereign bonds.

    (LO3) Students will be able to develop a deep understanding of economic and financial factors that trigger financial crises and sovereign defaults.

    (LO4) Students will be able to develop the ability to analyse and evaluate economic data in order to empirically assess (using econometric software EVIEWS) whether excessive debt levels impact negatively on economic growth.

    (LO5) Students will be able to develop the ability to analyse and evaluate economic and financial data in order to empirically assess (using the econometric software EVIEWS) whether asset prices are mispriced prior, during and after financial crises.

    (S1) Problem Solving Skills

    (S2) Numeracy

    (S3) Commercial Awareness

    (S4) Communication Skills

  • Financial Reporting 2 (ACFI309)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    This module is designed to build upon the knowledge and skills gained in earlier financial reporting modules by covering the preparation of group financial statements including associates and joint ventures.  It will also develop an understanding of group accounting principles and issues arising from group accounting including fair values, intangibles and impairment.

    The module also addresses other key accounting standards including those relating to leases, borrowing costs and related parties.

    The module should enable students to prepare complete single entity and consolidated financial statements, and extracts from those financial statements, covering a wide range of International Financial Reporting Standards (IFRS).

    Students will also be required to explain accounting and reporting concepts and ethical issues, and the application of IFRS to specified single entity or group scenarios

    Learning Outcomes

    (LO1) Students will be able to explain the contribution and inherent limitations of financial statements, apply the International Accounting Standards Board’s (IASB) conceptual framework for financial reporting and identify and explain key ethical issues.

    (LO2) Students will be able to prepare and present financial statements from accounting data for single entities, whether organised in corporate or in other forms, in conformity with IFRS and explain the application of IFRS to specified single entity scenarios.

    (LO3) Students will be able to identify the circumstances in which entities are required to present consolidated financial statements, prepare and present them in conformity with IFRS and explain the application of IFRS to specified group scenarios.

    (S1) Improving own learning/performance - Self-awareness/self-analysis

    (S2) Improving own learning/performance - Reflective practice

    (S3) Communication (oral, written and visual) - Presentation skills - written

    (S4) Communication (oral, written and visual) - Following instructions/protocols/procedures

    (S5) Communication (oral, written and visual) - Report writing

    (S6) Time and project management - Personal organisation

    (S7) Time and project management - Personal action planning

    (S8) Critical thinking and problem solving - Evaluation

    (S9) Critical thinking and problem solving - Problem identification

    (S10) Information skills - Information accessing:[Locating relevant information] [Identifying and evaluating information sources]

    (S11) Skills in using technology - Using common applications (work processing, databases, spreadsheets etc.)

    (S12) Skills in using technology - Information accessing

    (S13) Skills in using technology - Online communications skills

    (S14) Numeracy/computational skills - Reason with numbers/mathematical concepts

    (S15) Numeracy/computational skills - Confidence/competence in measuring and using numbers

    (S16) Numeracy/computational skills - Problem solving

    (S17) Global citizenship - Relevant economic/political understanding

    (S18) Global citizenship - Ethical awareness

    (S19) Commercial awareness - Relevant understanding of organisations

    (S20) Personal attributes and qualities - Resilience

    (S21) Personal attributes and qualities - Flexibility/Adaptability

    (S22) Personal attributes and qualities - Integrity

  • Financial Risk Management (ACFI342)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    The module builds on the foundations of the existing finance modules and aims to give students a solid grounding in terms of understanding the recent global financial crisis and a wide range of risk management tools available to financial managers. Particular emphasis is placed on the issue of risk measurement. The following types of risk will be analysed extensively: Interest rate risk Market risk Credit risk Liquidity risk Capital adequacy Sovereign risk The class is run as a discussion based forum.

    Learning Outcomes

    (LO1) Students will be able to understand how risk management contributes to value creation

    (LO2) Students will be able to understand how the global market for credit operates

    (LO3) Students will be able to explain the causes of the recent global credit crisis

    (LO4) Students will be able to overview the risks facing a modern corporation

    (LO5) Students will be able to analyse the effects of interest rate volatility on risk exposure

    (LO6) Students will be able to examine market risk, which results when companies actively trade bonds, equities and other securities

    (LO7) Students will be able to examine how credit risk adversely impacts a financial institution’s profits

    (LO8) Students will be able to analyse the problems created by liquidity risk

    (LO9) Students will be able to become familiar with the concept of capital adequacy and also with the Basel Accords

    (LO10) Students will be able to examine several aspects of sovereign lending and the underlying risks

    (S1) Adaptability

    (S2) Numeracy

    (S3) Problem solving skills

    (S4) Teamwork

    (S5) Organisational skills

    (S6) Communication skills

    (S7) IT skills

    (S8) International awareness

    (S9) Lifelong learning skills

    (S10) Ethical awareness

  • Football Financial Reporting, Analysis and Valuation (ACFI322)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting50:50
    Aims

    This module aims to give students to develop an understanding of how financial transactions have an impact on football clubs, and the integration of finance into the success or otherwise of clubs. The module will attract students with an interest in the sport and provide them with an insight into how financial metrics in relation to clubs can be produced, and the valuation techniques used by investors when buying and selling clubs.

    Learning Outcomes

    (LO1) Students will be able to explain the contribution and inherent limitations of financial statements, apply the International Accounting Standards Board's (IASB) conceptual framework for financial reporting in relation to incorporated football clubs.

    (LO2) Students will be able to prepare and present financial statements from business transactions for football clubs in corporate forms, in conformity with International Financial Reporting Standards (IFRS) and explain the application of IFRS to specified scenarios.

    (LO3) Students will be able to measure the value of a football club using appropriate valuation methods.

    (LO4) Students will be able to understand and apply football financial fair play rules, and the ethical responsibilities of clubs in adhering to these rules.

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Organisational skills

    (S5) IT skills

    (S6) International awareness

    (S7) Lifelong learning skills

    (S8) Ethical awareness

  • Game Theoretical Approaches to Microeconomics (ECON322)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting100:0
    Aims

    The objective of the module is to provide an introduction to game theory. This is the study of strategic interactions ie situations where outcomes depend not only on our own actions but also how others react to our actions. This module complements those in core macro and microeconomics and offers more insight into strategic decisions and competetive behaviour in general.

    Learning Outcomes

    (LO1) Distinguish between types of games

    (LO2) Explain game theoretical concepts

    (LO3) Conduct advanced microeconomic analysis by formulating a game and its associated solution concepts and deriving solutions to games

    (LO4) Apply games in a range of economic, business and social contexts

    (LO5) Explain the importance of game theoretic approaches in economic analysis

    (S1) Problem Solving Skills

    (S2) Numeracy

    (S3) Commercial Awareness

    (S4) Teamwork

    (S5) Organisational Skills

    (S6) Communication skills

    (S7) IT skills

    (S8) International awareness

    (S9) Lifelong learning skills

    (S10) Ethical awareness

  • International Trade (ECON335)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting60:40
    Aims

    To develop an appreciation and understanding of basic principles determining the observed patterns of trade in the increasingly globalised world economy.

    Learning Outcomes

    (LO1) Students will be able to understand the role of both absolute and comparative advantage in explaining observed patterns of trade in the global economy

    (LO2) Students will be able to recognise both the strengths and limitations of the basic Ricardian approach and the Hecksher-Ohlin Theory of trade.

    (LO3) Students will be able to critically evaluate the roles, achievements and failures of various international institutions in the context of international economic performance.

    (LO4) Students will be able to critically understand and approach trade based on increasing returns to scale

    (LO5) Students will be able to recognise the implications of different types of trade barriers and why countries protect.

    (LO6) Students will develop a critical understanding of the importance and implications of different levels of economic integration in the context of NAFTA and the EU.

    (LO7) Students will be able to critically evaluate trade-oriented growth strategies for less developed economies.

    (S1) Problem solving skills

    (S2) Teamwork

    (S3) Organisational skills

    (S4) Communication skills

    (S5) IT skills

    (S6) International awareness

  • Issues in Development Finance (ACFI317)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting60:40
    Aims

    This module will provide an advanced, albeit non-technical, critical understanding for students with a variety of academic backgrounds of the issues and developments in the area of finance for development. This will include, for example, the impact of overseas development assistance (foreign aid) and foreign direct investment upon development, the role played by the IMF and World Bank and recent developments in the areas of microfinance and Islamic Finance.

    Learning Outcomes

    (LO1) Students will be able to understand the fundamental principles and concepts of finance and their application and relevance in the context of development and development finance.

    (LO2) Students will be able to develop a deeper understanding of the financial problems and constraints faced by individuals, households, firms and financial institutions in the context of developing countries.

    (LO3) Students will be able to critically evaluate the impact of different sources of finance such as foreign aid, FDI and microfinance.

    (LO4) Students will be able to critically evaluate financial issues in a clear international context.

    (LO5) Students will be able to develop a critical awareness of the ethical issues involved in financial decisions and topics covered in the module

    (S1) Communication skills

    (S2) IT skills

    (S3) International Awareness

    (S4) Ethical Awareness

  • Law and Economics (ECON360)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting60:40
    Aims

    This course does not require prior knowledge of the law, nor is its objective to teach students about the law. The main objective is to show students how they can apply the tools of economic analysis to understand the basic structure and function of the law. The course focuses on the core common law areas of torts, contracts, and property, along with a discussion of the litigation process, the economics of crime, and antitrust law.

    Learning Outcomes

    (LO1) Students will be able to understand the use of economics to analyse the law

    (LO2) Students will be able to understand the importance of the law in economics

    (LO3) Students will be able to understand the use of model in law and economics

    (LO4) Students will be able to develop the ability to do a positive analysis of liability rules

    (S1) Problem solving skills

    (S2) Numeracy

    (S3) Communication skills

    (S4) Lifelong learning skills

  • The Economics of Developing Countries (ECON306)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting100:0
    Aims

    This module aims to introduce students to the theoretical perspectives andempirical debates within development economics and impart an in-depthappreciation of the issues related to economic development and its determinantsin less developed countries.

    Learning Outcomes

    (LO1) To understand the nature and determinants of economic development in the LDCs;

    (LO2) To recognise both the strengths andlimitations of various alternative models of the development process

    (LO3) To understand the determinants ofeconomic welfare in LDCs

    (LO4) To recognise the implications fordeveloping countries of international exchange, trade liberalisation andglobalisation

    (LO5) To appreciate the relationships betweenglobalisation and economic performance in low and middle income economies

    (LO6) To critically evaluate the roles,achievements and failures of various international policy initiatives in thecontext of developing country measured economic performance and domesticeconomic welfare.

    (S1) Problem solving skills

    (S2) Teamwork

    (S3) Organisational skills

    (S4) Communication skills

    (S5) International awareness

    (S6) Lifelong learning skills

    (S7) Ethical awareness

  • Business in Emerging Markets (MKIB369)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting0:100
    Aims

    This is an optional module focusing on the business environment in emerging markets and specifically in the BRIC countries, Brazil, Russia, India and China. In 2001, Jim O'Neill of Goldman-Sachs predicted that globalization would help Brazil, Russia, India and China (the BRICs), large countries endowed with raw materials but with difficult macro-contexts to develop rapidly and overtake the largest Western economies.
    The aims of this module are to evaluate the extent to which the above prediction has come to pass and to explore the business and political uncertainty which has come with this period of rapid economic development.
    The module aims to provide an insight into whether or not the BRICs can sustain their growth, what the implications of this growth are, and which nations might follow. MNEs based in the BRIC countries will also be discussed.

    Learning Outcomes

    (LO1) To understand the reasons for rapid emergence of BRIC countries

    (LO2) To be able to identify criteria which determine for rapid growth of emerging markets

    (LO3) To understand who are the key stakeholders in emerging markets and how they interact with each others

    (LO4) To explore potential trade offs between rapid economic growth and social and other dimensions of the markets

    (LO5) To examine other potential emerging markets to identify those which are most likely to grow rapidly

    (LO6) To understand in detail the dynamics in specific markets such as China, India,Brazil and Russia

    (LO7) To understand the importance of development of brands by BRIC countries

    (LO8) To understand the BRIC thesis and arrive at conclusions about whether this has been met and will continue in future

    (S1) adaptability

    (S2) Problem solving skills

    (S3) Commercial awareness

    (S4) Teamwork

    (S5) Organisational skills

    (S6) Communication skills

    (S7) IT skills

    (S8) International awareness

    (S9) Lifelong learning skills

    (S10) Ethical awareness

  • Global Strategic Management (MKIB351)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    To provide conceptual frameworks within which to formulate and analyse global strategy;

    To provide practical experience of formulating strategy;

    To analyse theory and evidence regarding the configuration and governance of international operations;

    To analyse conceptual frameworks within which to frame ethical conduct in international business.

    Learning Outcomes

    (LO1) Students will be able to explain resource-based and institutional approaches to international strategy

    (LO2) Students will be able to explain generic forms of growth and diversification

    (LO3) Students will be able to explain the principal forms of internal organisation and governance of multinational enterprises

    (LO4) Students will be able to explain the main forms of international entry and growth and when each is likely to be the preferred approach

    (LO5) Students will be able to explain how the nature of global production, logistics and distribution have changed and why and how firms can evaluate their preferred configuration

    (LO6) Students will be able to explain how competition evolves in international business and how multinational enterprises can maintain and upgrade their competitive strengths

    (LO7) Students will be able to explain the nature and form of strategic alliances and when these will be preferred to international mergers and acquisitions

    (LO8) Students will be able to explain the key ethical issues facing international businesses and apply appropriate frameworks for framing ethical behaviour.

    (S1) Adaptability

    (S2) Problem-solving skills

    (S3) Numeracy

    (S4) Commercial awareness

    (S5) Teamwork

    (S6) Organisational skills

    (S7) Communication skills

    (S8) IT skills

    (S9) International awareness

    (S10) Lifelong learning skills

    (S11) Ethical awareness

  • International Economic Relations (ECON354)
    Level3
    Credit level15
    SemesterFirst Semester
    Exam:Coursework weighting70:30
    Aims

    The aim of this module is to provide a detailed coverage of the nature and determinants of the pattern of world trade and financial, capital and labour flows.  The module also aims to provide students with a critical appreciation of why conflicts arise between nations due to international economic activity and what policy options are most appropriate for countries both individually and cooperatively to adopt.  Throughout the module emphasis will be placed upon the role of theory in enhancing understanding of the patterns and nature of trade flows (in the context of both goods and services) in the context of the key issues in international economic relations.

    Learning Outcomes

    (LO1) Students will be able to explain why countries gain from trade and what pattern of trade flows exist using classic trade theories.

    (LO2) Students will be able to explain why countries engage in trade protection, as well as predict and analyze the consequences that arise in case such protection is applied

    (LO3) Students will be able to explain how key flows of goods, services, money and physical capital are valued.  They will be able to use real and nominal exchange rates, understand, explain and apply the concept of PPP.

    (LO4) Students will be able to explain the reasons why trade blocs are formed and analyze and explain their costs and benefits.  They will also be able to distinguish between trade blocs among countries of similar as well as different development levels.  

    (LO5) Students will be able to explain why conflicts arise in the areas of labour migration and environmental pollution and suggest policy responses which may be used to correct such problems

    (LO6) Students will be able to explain the causes and consequences of financial crises and how financial contagion can spread from one country to another

    (LO7) Students will be able to explain the links between trade and capital flows and economic development using examples of the Latin American and East Asian countries

    (S1) Problem-solving skills

    (S2) numeracy

    (S3) commercial Awareness

    (S4) Communication skills

    (S5) It skills

    (S6) International awareness

    (S7) Lifelong learning skills

    (S8) Ethical awareness

  • The Football Business (ULMS370)
    Level3
    Credit level15
    SemesterSecond Semester
    Exam:Coursework weighting75:25
    Aims

    The module aims:
    to enhance students’ understanding and knowledge of the key issues surrounding the contemporary football business and associated industries.
    to encourages students to apply their knowledge of economics, business and management to the football industry.

    Learning Outcomes

    (LO1) Students will develop their knowledge and understanding of the key issues surrounding the contemporary football business and associated industries;

    (LO2) Students will demonstrate an ability to apply business and management concepts to the football industry;

    (LO3) Students will develop their abilities to analyse critically, synthesise ideas and write reports and opinions.

    (S1) Problem-solving skills

    (S2) Numeracy

    (S3) Commercial awareness

    (S4) Team-work

    (S5) Organisational skills

    (S6) Communication skills

    (S7) IT skills

    (S8) International awareness

    (S9) Lifelong learning skills

    (S10) Ethical awareness

The programme detail and modules listed are illustrative only and subject to change.


Teaching and Learning

The principal forms of teaching are lectures and seminars. Lectures will normally be supported by material such as hand-outs and presentations.
Seminars give the opportunity for detailed discussion of a topic under the direction of a tutor. You are normally expected to prepare work in advance for seminars and may be expected to present work or give presentations from time to time. On some modules, such as quantitative techniques and IT, seminars may take the form of practical sessions using our PC suites.

All our degrees depend on you spending a good part of the week in private or group study in preparation for lectures and seminars. This involves making extensive use of the excellent library and IT facilities, just one minute’s walk away from the Management School.


Assessment

You will be assessed through a combination of coursework and examinations. The exact weighting will vary from one module to another. As well as individual assignments and exams, you may also be assessed on group reports and presentations.