Business Economics BA (Hons)

Course length: 3 years full-time

Overview

This course starts academic year beginning 2018 
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

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.


Newman University would like to draw your attention to our Academic Regulations. These regulations are your Terms of Reference and should be considered when making a decision to study with our institution.

Entry requirements

September 2018 Entry Requirements

You must achieve either at least 96 UCAS points including a minimum of CC at A level or equivalent (e.g.MM at BTEC Diploma), or a total of 88 points from a maximum of 3 A levels. 

Access Students can achieve the requirements with the following combination of Distinction, Merit and/ or Pass grades at level 3 achieved from a completed Access course. 96 UCAS Points: D21-M3-P21; D18-M9-P18; D15-M15-P15; D12-M21-P12; D9 M27-P9; D6-M33-P6; D3-M39-P3; D0-M45-P0.

5 GCSEs at grade C or above including maths and English at 4/C or above, or recognised equivalents are also required. 

Fees

Fees per academic year: 2017/18 

Full-time UK/EU Students: £9,250*

Please note for 2018/19 the University reserves the right to increase fees broadly in line with increases in inflation, or to reflect changes in government funding policies or changes agreed by Parliament.

Finance and Scholarship information

Additional costs:

A Disclosure and Barring Service (DBS) is not required for entry into this programme, although it is in many cases required by employers before students can begin their Year 2 (level 5) work placement.  The cost of the DBS is currently £55 (including processing fee) with the option of subscribing to the update service which is currently £13 per year.  For more information on your DBS application please click here.

As a full time student, you will study a total of 120 credits each year. Credits are made up of mandatory modules and you may have a list of optional modules to choose from. Not every programme offers optional modules and when an optional module is available it will be clearly marked. All modules are listed below and you may not be required to complete all of these modules. Most modules are 20 credits and dissertations are 40 credits. Please note that not all optional modules run every year. For further information please email admissions@newman.ac.uk.

Year 1 modules


INTERNATIONAL POLITICAL ECONOMY


MODULE TITLE : INTERNATIONAL POLITICAL ECONOMY

MODULE CODE : EOU401


MODULE SUMMARY :

The study of International Political Economy (IPE) is essentially interdisciplinary. It starts from the premise that the political and economic domains are inextricably linked in the international system. And the world market system is a political creation reflecting particular value preferences. As such, a single module cannot cover all aspects of the discipline, but as part of a first year, three-module, foundation platform, it can offer units of analysis that focus on the world economy and societies, rather than any individual country’s positions. The module is structured in three sections. In the first of these, it introduces students to the historical and theoretical foundations of IPE. In the second the emphasis falls on recent and contemporary changes to global order and how the discipline is evolving. And finally, in the third part, the module turns towards the real world issues of trade and development.

 

In this way, the module aims to give students an introductory understanding of the crucial relationship   between international economic developments and political decision-making. In particular, international relations theories and political science explanations are explored in order to develop both a critical perspective of how and why certain regional and global events unfold, and also to allow students the opportunity to consider their own positionality as regards how they view the world. It is also anticipated that the ideas and discourses in the module will integrate with, and complement, the material covered in the modules History of Economics, and Real World Economics-1 and Real World Economics-2.

CONTACT HOURS :

Scheduled : 36.00
Independent : 164.00
Placement :
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to achieve the following objectives:

 

  • Enable students to critically evaluate a range of approaches to understanding the relationships between state factors and market mechanisms

  • To equip students with a politico-economic framework from which to make sense of real world economic issues 

  • Introduce students to the concept of positionality in the study and analysis of political economy

  • To provide students with an understanding of the form, function, and dynamics of national, regional, and global institutional structures

  • Be able to build a theoretically-informed and broad understanding of the origins, structure, and politics of the contemporary global market economy

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to be able to do the following tasks:

 

  • Evaluate the neoliberal  and neorealist approaches to the international political economy (IPE)    

  • To identify and analyse the key institutional structures that shape the world political economy

  • To outline and discuss the key contemporary Globalisation theories

  • To assess the capitalist system of economic management from 1945 to the present day

METHOD OF ASSESSMENT :

Component 1 - 100% Portfolio (4000 words equivalent)

REAL WORLD ECONOMICS - 1


MODULE TITLE : REAL WORLD ECONOMICS - 1

MODULE CODE : EOU402


MODULE SUMMARY :

The module aims to give students an understanding of the history, institutions, politics, and other influences that shape the world in which we live. In particular, students are encouraged to adopt a critical and challenging approach to the prevailing international and global politico-economic organisations and landscapes. In doing so, Real World Economics complements and interrelates with both the History of Economics and International Political Economy modules in order to offer a foundation for all the economics modules in the programme, and which also will be transferable across a number of the courses shared with other disciplines in the programme such as Work Placement, Business Economics, Global Economic and Financial Systems, and Strategic Management. 

CONTACT HOURS :

Scheduled : 36.00
Independent : 164.00
Placement :
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to achieve the following objectives:

 

  • Enable students to evaluate a range of approaches to understanding the interrelationships which shape national, regional, international, and global economic institutions and structures

  • To equip students with an appreciation of mainstream and heterodox approaches from which to make sense of real world economic issues 

  • Introduce students to contemporary world economic issues relating to inequality, poverty, trade relationships, international investment, and financial systems

  • Enable students to develop a challenging perspective of how the world economy functions

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to be able to do the following tasks:

 

  • To identify, analyse, and consider solutions to a contemporary global economic issue     

  • Be able to contrast and compare the form and function of the major global trading blocs

  • To critically evaluate the macroeconomic management of a selected national economy

METHOD OF ASSESSMENT :

Component 1 - 100% Portfolio (4000 words equivalent)

HISTORY OF ECONOMICS


MODULE TITLE : HISTORY OF ECONOMICS

MODULE CODE : EOU403


MODULE SUMMARY :

This module is designed as both a stand-alone, underpinning reference source for a number of the modules throughout the programme, and also as a relational course of study to International Political Economy and Real World Economics–1, where the three modules purposively combine, and overlap in order to provide an extensive platform for all three levels of the programme.

 

History of Economics charts the development of economic thought and practice from the mid-18th century, often described as the time when Economics as a recognised discipline was born. From these early days of Adam Smith, the module introduces students to the evolution of Economics, and offers the opportunity to discover not only where contemporary economic analysis and practice came from, but also encourages them to make the important links with the social and political forces that have shaped modern societies. In doing so, the module embraces a wide range of thinking on the subject, which not only encourages students to appreciate and apply the alternative and heterodox approaches that characterise the differentiation of this programme from those offered at other institutions, but also to operationalise these ideas in addressing major social issues and inequalities.

CONTACT HOURS :

Scheduled : 36.00
Independent : 164.00
Placement :
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

    This module aims to achieve the following objectives. 

  • Chart the history of economic theory and practice from the 18th century to the present day
  • To enable students to evaluate a range of approaches to understanding the development of national, regional, and international economic systems
  • To equip students with a reference platform that facilitates a broad understanding of the theories, models, and concepts employed in other economics and business modules at all three levels of the programme

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to be able to do the following tasks

 To identify and evaluate the key movements and dynamics of economic thinking from the 18th century to the present day

  • To identify, analyse, and offer solutions to given microeconomic problems
  • To contrast and compare a range of different approaches to given macroeconomic problems,
  • To identify the key linkages between the study of economics and contemporary social issues

METHOD OF ASSESSMENT :

Component 1 - 100% Portfolio (4000 words equivalent)

INTRODUCTION TO WORK RELATED LEARNING


INTRODUCTION TO WORK RELATED LEARNING


Module Title: Introduction to Work Related Learning

Module Code: PLU404

Module Summary:

This module aims to equip students with the knowledge and self-management skills to make informed choices in preparing for work placement and the transition to employment or further study on graduation.

Learners will be provided with the opportunities to develop awareness of the workplace, identify different career and study options, recognise and articulate their own experience, accomplishments and talents and plan and implement career management strategies for the short and long term.

CATS Value: 10

ECTS Value: 5

Contact Hours:

Scheduled: 12
Independent: 88
Placement: 0
Total: 100

Programmes for which this Module is Mandatory:
All Undergraduate programmes, with the exception of UG ITE, Early Childhood Education and Care and Youth and Community Work, and Health and Social Care.
Programmes where this Module may be taken as an Option: None

Module Curriculum Led Outcomes:
This module aims to:

•Support students in developing informed choices about the career pathways available to them, in relation to their subject choices.
•Prepare students for work-based learning and the application / exploration of subject knowledge in the workplace.
•Encourage students to make connections between their learning, placement choice, future job aspirations and contribution to society.
•Enable students to build confidence in securing work placements and future employment.
•Support students in reflecting upon their preparation for their work placement and future employment.

Learning Opportunities:
Students will, by the end of the module, have had the opportunity to:
•Examine how their experiences, accomplishments, and abilities relate to employer expectations.
•Demonstrate engagement with, and an understanding of, graduate employment pathways and employability issues relating to their own career aspirations.
•Research organisations for the purposes of securing a work placement.
•Reflect upon their learning and development.
Method of Assessment:

Component 1: 100% Work Placement e-portfolio (1500 word equivalent)

SELF-LEADERSHIP AND ACADEMIC SKILLS


MODULE TITLE : SELF-LEADERSHIP AND ACADEMIC SKILLS

MODULE CODE : BEU401


MODULE SUMMARY :

Students will be introduced to theories of academic writing and presentation skills, learning and reflective practice, contextualised within a management and leadership business setting.  The following key transferable skills – leadership, communication, problem solving, working with others and improving own learning – will be introduced, practiced and applied to work-based tasks, as will the range of activities associated with information skills. Students will audit their own skills, identify aspects that require enhancement and produce action plans for self-development in those areas.   One of the key components of this module is the provision of a experiential outdoor activity self-leadership day.

CONTACT HOURS :

Scheduled : 48.00
Independent : 152.00
Placement : 0.00
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module will provide the students with: 

  • Appropriate study skills strategies
  • A critical ability to write and present work at NQF Level 4
  • Critical ability to identify personal development in line with academic and professional management and leadership aspirations
  • Insight and experience into how to plan, set and meet personal and work related objectives

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to: 

  • Write a reflective piece of work that demonstrates an understanding of the importance reflective practice and planning play in the pursuit of their academic and workplace aspirations
  • Analyse and evaluate their personal, academic and professional strengths and areas of development and produce a Personal Development Plan based upon their findings
  • Recognise the different leadership approaches and continuum of skills, qualities and ethical behaviours required of a junior to middle manager
  • Write and present work that demonstrates an understanding of academic writing and referencing conventions, within their scholarly work

METHOD OF ASSESSMENT :

Component 1 - 100% Portfolio (4000 word equivalent)

INTRODUCTION TO QUANTITATIVE METHODS


MODULE TITLE : INTRODUCTION TO QUANTITATIVE METHODS

MODULE CODE : AFU402


MODULE SUMMARY :

The module introduces a number of quantitative techniques and the use of statistical computer software. The importance of quantitative methods in informing analysis and good decision making and in the effective running of organizations cannot be underestimated. The module provides the opportunity for all to build and improve numerical, mathematical and statistical skills, and apply these to practical problems in the context of finance, economics and business.

CONTACT HOURS :

Scheduled : 36.00
Independent : 164.00
Placement :
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to:

  • Develop the basic appreciation and understanding of Quantitative Methods to critically appraise concepts
  • Develop competence in numerical, mathematical and statistical skills necessary to further study
  • Develop competence in statistical software
  • Develop numerical, mathematical and statistical skills useful in a number of different occupations and in personal financial planning and management

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to:

  • Apply mathematical and algebraic methods to solve problems
  • Identify the nature and position of turning points for simple polynomial functions
  • Analyse and interpret appropriate statistical and mathematical computer output which arises from the solution of certain planning decision
  • Carry out and interpret the results of basic statistical tests
  • Calculate and interpret correlations and autocorrelations
  • Calculate simple and compound interest, equivalent rates of compound interest, and present and future values

METHOD OF ASSESSMENT :

Component 1 - 50% Class Exercise, 1 hour

Component 2 - 50% Class Exercise, 1 hour

BUSINESS ECONOMICS AND LAW


MODULE TITLE : BUSINESS ECONOMICS AND LAW

MODULE CODE : AFU407


MODULE SUMMARY :

The module will provide a theoretical and practical introduction to students regarding the nature and characteristics of business behaviour under conditions of certainty and uncertainty. Students will also explore how decisions affecting prices, production constraints, and output, wages and market forces are made, and will be introduced to fundamental elements of management accounting. While business modelling and analytical techniques form the backbone of the module, the central aspects of business law are introduced as they impact on decision-making and strategy formulation. Students will gain an appreciation and understanding of the workings of the legal system, the law of tort, contract law, the law of agency, employment law and other areas of law that effect businesses.

CONTACT HOURS :

Scheduled : 36.00
Independent : 164.00
Placement :
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to achieve the following objectives:

 

  • To enable students to evaluate the causes and consequences of macroeconomics phenomena and the policies necessary to achieve macroeconomics objectives

  • To equip students with understanding of a range of legal business structures

  • To enable students to understand and demonstrate knowledge of the legal systems in the UK and the principle features of business law

  • To appreciate the advantages and disadvantages of the various available forms of legal business structures

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to be able to do the following tasks:

 

  • To identify, analyse, and offer solutions to given microeconomic problems        

  • Be able to contrast and compare the application of different approaches to given microeconomic problems, and to justify a specific approach to a given case study

  • To evaluate the microeconomic management of a selected business organisation over a given timescale

  • To identify and assess legal issues and apply knowledge to legal problems affecting business and reach appropriate conclusions

  • To evaluate the range of legal business structures, and offer practical advice to a hypothetical new business venture

     

    Indicative Content

     

  • The operation of markets: supply, demand and price determination and adjustments, including market interventions by government.
  • The competitive environments and the impact that these have on the behaviour and profitability of firms.
  • The causes and consequences of domestic and international macroeconomic phenomena and the policies necessary to achieve macroeconomic objectives.
  • Business and corporate law concepts and issues
  • Ethical Issues

 

 

METHOD OF ASSESSMENT :

Component 1 - 30% Report (1500 Words)

Component 2 - 70% Closed Book Examination (2 hours)

Year 2 modules


RESEARCH METHODS


MODULE TITLE : RESEARCH METHODS

MODULE CODE : BEU500


MODULE SUMMARY :

The module is the first of two modules which prepare students for the Level 6 final project. In this module students will be introduced to the aims, methodologies, research strategies and methods used in qualitative and quantitative research in Business and Management including practice based research methods.  Students will consider ethical guidelines in research and their importance. This module will enable students to develop understanding, skills and knowledge to aid progression into research at undergraduate dissertation level as they will be introduced to the knowledge and understanding necessary for the design of a research proposal.

CONTACT HOURS :

Scheduled : 24.00
Independent : 76.00
Placement : 0.00
Total :  100.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to: 

  • Equip students with the skills and competences necessary for the presentation of a small scale individual research proposal;
  • Enable students to understand the difference between different methodological approaches in business and management research;
  • Introduce students to different research methods and discuss their relative merits and suitability for identified research problems in order to improve skills of data analysis and self-reflection;
  • Equip students with the understanding of how to conduct a management research proposal ethically;
  • Introduce students to suitable approaches to the presentation and sharing of research outcomes.

LEARNING OPPORTUNITIES :

Students will by the end of the module, have the opportunity to: 

  • Identify appropriate approaches for business and management research and ways of accessing evidence related to business and management research;
  • Demonstrate knowledge on the use of different approaches to business management research design, methods and the use of appropriate research questions
  • Understand what research ethics are and how to ensure that ethical considerations are in place when conducting research;
  • Plan and present a research proposal through an appropriate medium e.g. presentation or on-line medium.

METHOD OF ASSESSMENT :

Component 1 - 20% Individual Oral Presentation (10 minutes)

Component 2 - 80% Research Methodology (1500 words)

APPLICATIONS OF RESEARCH


MODULE TITLE : RESEARCH APPLICATION

MODULE CODE : BEU520


MODULE SUMMARY :

This module will enable students to develop understanding, skills and knowledge to aid progression into research at undergraduate dissertation level which will be focused on their development of a specific topic within the Business and Management discipline.  Students will be introduced to the knowledge and understanding necessary for the design of a written research proposal and further develop skills appropriate for the development of a research proposal including proposal focus, aims and objectives, literature evaluation, research planning and academic writing.

CONTACT HOURS :

Scheduled : 24.00
Independent : 76.00
Placement : 0.00
Total :  100.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to help students: 

  • Develop a research proposal in terms of focus, aims and objectives, literature evaluation and academic writing.
  • Appreciate the importance and purpose of a critical literature review to a management research project.
  • Understand how to conduct a management research proposal ethically.
  • Develop their analytical and reflective skills.

LEARNING OPPORTUNITIES :

Students should, by the end of the module, be able to: 

  • Understand how to develop a management research proposal using tools such as a context theory matrix to determine dissertation topic choice.
  • Determine the suitability of their dissertation topic choice.
  • Critically review literature sources.

METHOD OF ASSESSMENT :

Component 1 - 20% Individual Oral Presentation (10 minutes)

Component 2 - 80% Literature Review (1500 words)

MANAGEMENT ACCOUNTING AND DECISION-MAKING


MODULE TITLE : MANAGEMENT ACCOUNTING AND DECISION MAKING

MODULE CODE : BEU504


MODULE SUMMARY :

The module enables students to apply tools and techniques to make informed decisions focused on financial resources, ensuring these are in line with business need.  Students will be required to analyse financial statements to inform management decision making, as well assessing capital investments. Ethical supply chain management to meet organisational objectives will also be considered.  

CONTACT HOURS :

Scheduled : 36.00
Independent : 164.00
Placement : 0.00
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to provide students with:

  • Critical understanding of the language of finance and analysis of financial accounting statements
  • Critical appreciation of budgeting and costing techniques
  • Critical appreciation of how to select suppliers ethically and manage subsequent relationships

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to: 

  • Demonstrate an critical understanding of the role of the component parts of a financial statement and analyse sustainable performance 
  • Conduct comparative evaluation of budgeting and costing techniques
  • Demonstrate knowledge of key financial legislation that applies to the first-line or middle management role
  • Critically evaluate approaches to select suppliers ethically and equitably and recommend a strategy to sustain the subsequent relationship.

METHOD OF ASSESSMENT :

Component 1 - 100% 100% Examination 2.5 hr (4,000 words equivalent)

REAL WORLD ECONOMICS 2


REAL WORLD ECONOMICS 2


MODULE TITLE: Real World Economics 2

MODULE CODE: EOU501

MODULE SUMMARY:
The module builds on the theoretical and analytical frameworks introduced in the first year, and develops students’ skills and knowledge in order to apply them to contemporary macroeconomic issues and problems. For example, the generation and distribution of wealth, national, regional, international and global institutional policy formations, financial crises, and international trade patterns, will be some of the areas that students will be asked to deconstruct and offer considered possible solutions for.

CATS VALUE: 20

ECTS VALUE: 10

CONTACT HOURS:

Scheduled: 36
Independent: 164
Placement: 0
Total: 200

PROGRAMMES FOR WHICH THIS MODULE IS MANDATORY:
BA (Honours) Single Honours Business Economics

PROGRAMMES WHERE THIS MODULE MAY BE TAKEN AS AN OPTION: None

MODULE CURRICULUM LED OUTCOMES:
This module aims to achieve the following objectives.

•Enable students to apply a range of approaches to understanding national, regional, international, and global economic institutions and structures
•To equip students with an analytical toolkit to identify the key drivers and influences of contemporary global economic dynamics
•Further develop students’ understanding and criticality of contemporary world economic challenges relating to inequality, poverty, trade relationships, international investment, and financial systems
•To enable students to offer solutions to the above problems

LEARNING OPPORTUNITIES:
Students will, by the end of the module, have the opportunity to be able to do the following tasks:

•To identify, analyse, and offer solutions to contemporary trading, foreign exchange, and balance of payments issues
•Be able to critically evaluate the performance of the major global trading blocs since 1990
•Identify and critically evaluate macroeconomic policy formations of selected countries

METHOD OF ASSESSMENT:

Component 1 - 70% Report (3,000 words)

Component 2 - 30% Group presentation (15 minutes)

ECONOMETRIC BUSINESS MODELLING 1


ECONOMETRIC BUSINESS MODELLING 1


MODULE TITLE: Econometric Business Modelling 1

MODULE CODE: EOU502

MODULE SUMMARY:

Econometric business modelling is delivered in two modules: this, the first, in year two of the degree programme, introduces students to econometric modelling and decision-making techniques for businesses under conditions of uncertainty. The nature and characteristics of econometrics as a discipline are explored as an introduction to the methodology of econometric business modelling. Probability distributions and the theory of sampling are explored as a basis for the multiple regression, linear programming, time-series forecasting, and other related quantitative methods and concepts, which form the basis of Econometric Business Modelling – 2 delivered in the final year of the degree programme.

CATS VALUE: 20

ECTS VALUE: 10

CONTACT HOURS:

Scheduled: 36
Independent: 164
Placement: 0
Total: 200

PROGRAMMES FOR WHICH THIS MODULE IS MANDATORY:
BA (Honours) Single Honours Business Economics

PROGRAMMES WHERE THIS MODULE MAY BE TAKEN AS AN OPTION: None

MODULE CURRICULUM LED OUTCOMES:
This module aims to achieve the following objectives:

•To introduce the nature and characteristics of econometric business modelling
•To explore and identify appropriate methodologies for econometric business modelling
•To develop students’ knowledge and applications of probability in econometrics
•To establish the characteristics and central importance of probability distributions in econometric business modelling
•To further develop students’ awareness and understanding of sampling from the ‘Introduction to Quantitative Methods’ delivered in year one of the degree programme

LEARNING OPPORTUNITIES:
Students will, by the end of the module, have the opportunity to be able to do the following tasks:

•Identify and apply the key components of econometric methodologies
•Be able to use a range of probability distributions to interpret statistical survey results
•Demonstrate an understanding of, and be able to apply, a range of probability distributions in solving given business problems
•Interpret and critically evaluate different sampling distributions and their associated assumptions

METHOD OF ASSESSMENT:

Component 1: 100% Examination (equivalent to 4,000 words)

BUSINESS ECONOMICS APPLICATIONS


BUSINESS ECONOMICS APPLICATIONS


MODULE TITLE: Business Economics Applications
MODULE CODE: EOU503

MODULE SUMMARY:
The module will develop the theoretical and practical introduction to students regarding the nature and characteristics of business behaviour under conditions of certainty and uncertainty in module AFU407. Students will apply the models and analytical frameworks studied in AFU407 to selected private sector and public organisations, and present a critical analysis of their respective business performances and offer solutions and remedies to identified problem areas

CATS VALUE: 20

ECTS VALUE: 10

CONTACT HOURS:

Scheduled: 36
Independent: 164
Placement: 0
Total: 200

PROGRAMMES FOR WHICH THIS MODULE IS MANDATORY:
BA (Honours) Single Honours Business Economics

PROGRAMMES WHERE THIS MODULE MAY BE TAKEN AS AN OPTION: None

MODULE CURRICULUM LED OUTCOMES:
This module aims to achieve the following objectives:

•To enable students to critically evaluate the business performance of a range of organisations.
•To equip students with the skills and knowledge in order to offer solutions to identified business problems
•To further develop students’ understanding of the internal decision-making processes and techniques available to organisations in their pursuit of business efficiency and effectiveness

LEARNING OPPORTUNITIES:
Students will, by the end of the module, have the opportunity to be able to do the following tasks:

•To identify and analyse microeconomic problems faced by a range of differing business organisations, including those in government and the third sector, and offer solutions to such challenges
•Be able to construct a problem-solving framework in order to improve differing organisations’ business performances
•To be able to prepare and present critical internal business performance reports with recommendations for future improvement

METHOD OF ASSESSMENT:

Component 1: 100% Report (4,000 words)

WORK PLACEMENT


MODULE TITLE : WORK PLACEMENT

MODULE CODE : PLU502


MODULE SUMMARY :

This year-long module offers learners the opportunity to apply and explore knowledge within a work-based context, through the mode of work place learning. The placement supervisor in the work place will negotiate the focus for the learner’s role on placement, with the learner. Students complete 100 hours in the work setting. The learner will reflect critically on different dimensions of the work place setting.

CONTACT HOURS :

Scheduled : 10.00
Independent : 90.00
Placement : 100.00
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to:

 

  • Encourage students to take responsibility for initiating, directing and managing their own placement in a workplace setting.

  • Encourage students to work constructively with their workplace supervisor and university placement tutor, taking ownership of the placement and of their independent learning throughout the experience.

  • Enable students to negotiate the relationship between academic theory and their understanding of workplace settings and their roles within those settings.

  • Encourage students to reflect critically on their experiences.

  • Encourage students to produce a reflective digital resource aimed at an external audience, to contribute towards work and study transitions.

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have had the opportunity to: 

  1. Secure, negotiate and undertake a specific role in a workplace setting.

  2. Evaluate features of the workplace setting and their role within it.

  3. Critically evaluate the learning opportunities provided by the workplace experience and understand that learning will benefit current and lifelong learning, values and future employability.

  4. Present a creatively engaging argument within an appropriate digital medium for an external audience, which critically reflects upon an issue or interrelating issues affecting the workplace setting.

 

METHOD OF ASSESSMENT :

Component 1 - % PLACEMENT REGISTRATION FORM

Component 2 - 60% WORK PLACEMENT REFLECTION (2500 WORDS)

Component 3 - 40% WORK PLACEMENT EVALUATION: DIGITAL RESOURCE (1500 WORDS EQUIVALENT)

Year 3 modules


FINAL BUSINESS PROJECT AND CRITICAL EVALUATION


MODULE TITLE : FINAL BUSINESS PROJECT AND CRITICAL EVALUATION

MODULE CODE : BEU601


MODULE SUMMARY :

The final project and critical evaluation will be structured to assess the knowledge and understanding by means appropriate to individual students, though all approaches will lead to the production of a significant piece of work that involves the demonstration of advanced practice in business management and/or original small research. All approaches will be accompanied by a critical self- evaluation of the outcomes achieved.

CONTACT HOURS :

Scheduled : 12.00
Independent : 388.00
Placement : 0.00
Total :  400.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to: 

  • Provide and integrative structure to enable student’s ability to identify, analyse and critically evaluate research evidence related to a selected area of business management
  • Provide students with a critical awareness of appropriate and ethically sound research methods in relation to identified research or operational purposes and justify their use
  • Embed a perceptive ability to work constructively with an advisory tutor, recognizing that the content and execution of the project belongs to the student
  • Provide an opportunity to further enhance the ability of the student to discover, analyse, evaluate, synthesise and present a solution to a business management problem or enquiry.

 

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to: 

  • Formulate clearly a research question and/or an issue of advanced practice
  • Critically and rigorously interrogate the literature available to them around their focal problem and identify current key concepts and knowledge
  • Apply existing knowledge to a contextualized problem and identify gaps in current knowledge pertaining to that problem
  • Critically and rigorously interrogate the literature on potentially successful approaches to elicit knowledge comprising these gaps
  • Execute effectively and efficiently a chosen approach to data elicitation
  • Analyse and evaluate appropriately situated knowledge contained in outcomes of data elicitation
  • Propose further action to implement advanced practice supported by the outcomes of the enquiry, including consideration of risk involved and approaches to its management.
  • Reflect upon the learning process embedded in the completion of their final project and identify a strategy for further personal development and lifelong learning.

 

METHOD OF ASSESSMENT :

Component 1 - 90% Dissertation, 10,000 words

Component 2 - 10% Viva-Voce examination, 15 minutes

STRATEGIC MANAGEMENT


MODULE TITLE : STRATEGIC MANAGEMENT

MODULE CODE : BEU604


MODULE SUMMARY :

The management of strategy involves coping with uncertainty, change and complexity. This module will provide students with the necessary managerial tools and techniques required in order to undertake a strategic analysis & review of their organisational environment and develop a suitable plan to lead the organisation into the future. 

CONTACT HOURS :

Scheduled : 24.00
Independent : 176.00
Placement : 0.00
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module aims to equip students with the knowledge, understanding and skills to: 

  • Identify and evaluate environmental factors and forces impacting upon organisational strategic development
  • Critically assess the opportunities and limitations of rational strategy development
  • Propose and justify selected plans and strategies
  • Design strategy implementation plans and critically evaluate the impact of selected strategies 

LEARNING OPPORTUNITIES :

Students will, by the end of the module, have the opportunity to: 

  • Critically assess organisational strategy within the current context and capabilities
  • Critically evaluate the organisational environment and assess its impact on strategic options 
  • Propose and justify an appropriate strategic plan and suitable strategies to support and market its intent
  • Critically evaluate planned outcomes against organisational strategic aims and objectives

METHOD OF ASSESSMENT :

Component 1 - 100% Strategy Paper (5000 words)

GLOBAL ECONOMICS AND FINANCIAL SYSTEMS


MODULE TITLE : GLOBAL ECONOMIC AND FINANCIAL SYSTEMS

MODULE CODE : BEU605


MODULE SUMMARY :

This module examines economic, financial and political policy making which have led to current problems with the Euro and to the world banking crisis of 2011, which caused a number of major banks to file for bankruptcy. These organisations which form the mainstay of global trade and finance have been bailed out by governments using taxpayers’ money which would otherwise have been spent on health, education and preventing crime. These events have had severe repercussions upon levels of unemployment in most western countries. They have left countries such as Greece, Italy and Portugal on the verge of bankruptcy, threatening their people with poverty.

CONTACT HOURS :

Scheduled : 24.00
Independent : 176.00
Placement : 0.00
Total :  200.00

MODULE CURRICULUM LED OUTCOMES :

This module will provide students with: 

  • A critical insight into the roles and responsibilities of key global financial organisations
  • The comparisons between regional and globalised systems for economic and financial governance 
  • Practice in applying tools and techniques of international trade and commerce

LEARNING OPPORTUNITIES :

Students will, on successful completion of this module will have the opportunity to:  

  • Synthesise a range of macro- and macro-economic instruments for managing national and international economies
  • Critically evaluate the roles of supra-national economic governing bodies
  • Critically appraise aspects of policy and practice which may contravene good practice and damage common wellbeing and security

METHOD OF ASSESSMENT :

Component 1 - 100% Examination (3 hours)

FINANCIAL ANALYSIS


FINANCIAL ANALYSIS


MODULE TITLE: Financial Analysis

MODULE CODE: AFU603

MODULE SUMMARY:
This module aims to equip the students with the knowledge and skills expected of the financial manager in relation to investment, financing and dividend policy decisions. It will provide students with the necessary managerial tools and techniques required in order to undertake a strategic analysis and review of their organisational environment and develop a suitable plan to lead the organisation into the future.

CATS VALUE: 20

ECTS VALUE: 10

CONTACT HOURS:
Scheduled: 36
Independent: 164
Total 200

PROGRAMMES FOR WHICH THIS MODULE IS MANDATORY:
BA (Honours) Single Honours Accounting and Finance
BA (Honours) Single Honours Business Economics

PROGRAMMES WHERE THIS MODULE MAY BE TAKEN AS AN OPTION: None

MODULE CURRICULUM LED OUTCOMES:
This module aims to equip students with the knowledge, understanding and skills to:

*identify the various techniques to be utilised in business and asset valuations
•Understand the key introductory considerations and range of techniques that need to be utilised to achieve effective financial management within an organisation
•Understand the techniques used in appraising capital investment

LEARNING OPPORTUNITIES:
Students will, by the end of the module, have the opportunity to:

•Demonstrate a critical understanding of the key considerations and range of techniques that need to be utilised to achieve effective financial management within an organisation
•Evaluate critically the relevance of a range of methods to establish business and asset valuations and the significance of the cost of capital
•Evaluate critically the impact of different sources of finance on the cost of capital using suitable calculations and to compute business and asset valuations using a range of methods

METHOD OF ASSESSMENT:

Component 1: 70% Closed Book Examination (3 hours)

Component 2: 30% Report (2000 words equivalent)

ECONOMETRIC BUSINESS MODELLING 2


ECONOMETRIC BUSINESS MODELLING 2


MODULE TITLE: Econometric Business Modelling 2

MODULE CODE: EOU601

MODULE SUMMARY:
Econometric business modelling is delivered in two modules: EOU505 and EOU601. This, the second, in year three of the degree programme, further develops students’ understanding and their application of econometric modelling and decision-making techniques for businesses under conditions of uncertainty. Probability distributions and the theory of sampling are further examined as a basis for multiple regression, linear programming, time-series forecasting, and other related quantitative methods and concepts in business problem solving contexts. Students will use a range of computer statistical software to extend the application of models and analysis of simulated business scenarios.

CATS VALUE: 20

ECTS VALUE: 10

CONTACT HOURS:

Scheduled: 36
Independent: 164
Placement: 0
Total: 200

PROGRAMMES FOR WHICH THIS MODULE IS MANDATORY:
BA (Honours) Single Honours Business Economics

PROGRAMMES WHERE THIS MODULE MAY BE TAKEN AS AN OPTION: None

MODULE CURRICULUM LED OUTCOMES:
This module aims to achieve the following objectives:

•To introduce the nature and characteristics of hypothesis testing using econometric business modelling
•To enable students to explore the concept, and apply the techniques of, statistical inference
•To enable students to explore the concept, and apply the techniques of, linear and polynomial regression techniques
•Equip students with the knowledge and skills to select and carry out appropriate tests of a range of given business requirements
•To familiarise students with a range of computer statistical software packages relevant to econometric business modelling

LEARNING OPPORTUNITIES:
Students will, by the end of the module, have the opportunity to be able to do the following tasks:

•Critically interpret computer-generated statistical outputs and distributions
•Be able to use a range of probability distributions to critically evaluate hypothesis testing results
•To be able to critically evaluate the outputs of a range of given regression and time-series analyses
•To be able to construct and apply a manual linear programming model to solve a given business problem
•To critically evaluate the results of a given Chi-Squared analysis

METHOD OF ASSESSMENT:

Component 1: 100% Examination (equivalent to 5,000 words)

Course code


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UCAS code:

L100

Applications for full-time courses are made through UCAS.

 

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