Business Economics BA (Hons)

Overview

Please note this course is subject to validation and will start September 2017.

Why study this course?

Economics is a social science which studies how individuals and societies attempt to satisfy their unlimited wants with finite resources. In doing so, it not only examines how economic agents interact with each to allocate resources, but also contributes to debates concerning global issues about why there are very rich countries and very poor countries, how climate change can best be managed, and what should be done to alleviate poverty. Domestic issues, such as those surrounding house prices, the second-hand car market, and private education are also explored. The decision-making behaviour of individuals is studied in order to make sense of situations where, for example, politicians are faced with a nuclear stand-off or when members of a rock band demand a bowl of M&Ms, but with all the brown ones taken out.

In this programme, there is a strong focus on ethics and values that allows a more meaningful examination of real world economics, and also promotes the use of alternative explanations, alongside mainstream economic theories, in order to achieve a much deeper appreciation of the lives and well-being of others.

What does the course cover?

The first year provides a foundation of both microeconomics and macroeconomics and the statistical tools and skills required to undertake effective economic analysis from which you can develop a robust interpretation of data. You will engage in discussion and debate of important issues such as economic growth and distribution of wealth, both between and within countries. In macroeconomics you’ll examine important issues such as the UK’s balance of payments deficit, inflation, monetary and fiscal policy, types of unemployment and exchange rates. The study of microeconomics will examine issues of pricing, supply and demand and elasticity in different market scenarios.

The applied economics element of the degree takes economics out of the arena of theories and models and looks at how economics impacts on, and hopefully improves, the lives of the people within economies. You will study how governments influence the economy, and understand how economic theory can be employed to address social issues including crime, education and health. You will also study what happens to individual markets and the whole economy as a result of supply or demand shocks and how governments have responded to those events.

You will develop an understanding of the development of the modern UK economy, and its position in the world. You will contrast this with a less developed economy and examine the barriers to economic development and consider the ethical and social implications of economic policy and activity, at both a national and international level. Employing this ethical understanding of economics enables you to think more deeply about the impact on people of the economic theories, models and principles you encounter and the relevance of economics to the private, public and voluntary sectors. You will also look at critiques of and alternatives to the prevailing classical market theoretic view of economics.

What makes this course noteworthy?

• All Newman degrees provide work placement opportunities in the UK or abroad

• Economics at Newman is taught in smaller class sizes than many UK universities which enables discussion and debate to embed learning and view problems from a variety of perspectives, a vital skill for economists

• The ethics element of the degree is an unusual, but valuable feature of this course

What careers can I consider?

As a numerate graduate with outstanding analytical skills there are a range of career opportunities available to economics graduates. Investment analyst, accountant or statistician are common careers for economists. Economists are also required at the highest level of government as advisors, within the diplomatic service and in social policy roles.

Contact

For more information on the Economics degree at Newman please contact Dr David Jenkins , Senior Lecturer in Economics
e-mail: david.jenkins@newman.ac.uk
tel: 0121 476 1181 ext 2546
International students should visit our international pages for more information 
e-mail international@newman.ac.uk

If the M&Ms story has aroused your curiosity, click here  and watch the video explanation.

UNISTATS explanation

We currently have limited Key Information Set data as the course starts in September 2016, any statistics given above either relate to the University overall or are taken from an existing course within a related subject area.

Entry requirements

You must achieve either at least 104 UCAS points (260 points on the old tariff) including a minimum of CC at A level or equivalent, or a total of 96 points from a maximum of 3 A levels or a BTEC Extended Diploma. Access Diploma students will need a completed diploma with a minimum of 39 level 3 units at merit or distinction.

5 GCSEs at grade C or above including English Language and Mathematics or a recognised equivalent, are also required.

 

Fees

Below are the Undergraduate fees for 2017/18

Full-time UK/EU Students - £9,250

Full-time International Students - £11,100

Part-time UK/EU Students - £4,950

From 2018/19 tuition fees may rise in line with inflation

Business Economics BA (Hons)

As well as covering essential, foundational subject knowledge, the first year of the course has been very carefully designed to build in the development of a range of skills necessary for success in HE. Greater choice of modules are available in Years 2 and 3, to enable you to particularly develop your interests in some areas of the subject if you wish.

The compulsory Work Placement is intended to give you relevant experience in a career of your choice.

Selection of Modules:

• The big picture: an introduction to macroeconomics

• Sweat the small stuff: microeconomics explained

• Statistical analysis

• Applied Economics

• Economic social policy

• Play the Game: Decision making and game theory

• Econometrics

• The contemporary UK economy

• Barriers to development

Course code

UCAS code:

L100

Applications for full-time courses are made through UCAS.

 

For all enquiries relating to admissions or entry requirements, email us at admissions@newman.ac.uk

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