Business Economics BA (Hons)
Bachelor's degree
In Liverpool
Description
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Type
Bachelor's degree
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Location
Liverpool
The University of Liverpool Management School is one of an elite group of institutions worldwide to be AACSB-Accredited. The BA Business Economics programme gives you a firm foundation of knowledge in business economics, as well as a complementary training in a focused business pathway: Accounting and Finance or International Business. While less demanding in terms of quantitative skills than the BSc Economics, the programme includes a much greater concentration of economics (50% of modules) than our BA Business Management/BA Business Management with a Year in Industry programmes. The Business Economics programme is a member of the family of economics programmes as recognised by the Government Economic Service. With modules covering the main principles of business you will also take compulsory economic modules such as macroeconomics, microeconomics, mathematics, statistics, competition and regulation. Complementing your solid business and economic base you will be able to select remaining modules in your final year related to your pathway and based on the expertise of staff in areas such as health economics, game theory and economics of the arts. The programme is also accredited by the Institute of Chartered Accountants in England and Wales (ICAEW) and the Association of Chartered Certified Accountants (ACCA). Students that choose the Accounting and Finance pathway can also apply for a number of exemptions from either professional body when studying certain modules. By developing specific quantitative and analytical skills as well as broader business knowledge from studying both business and economics, our graduates are highly employable, finding careers in a variety of specialist and general business related roles in companies such as Bank of America, PwC, Sky, PepsiCo,...
Facilities
Location
Start date
Start date
About this course
Entry Requirements A level offerABB Subject requirementsGCSE Mathematics at grade B BTECD*D*D International Baccalaureate33 points. Irish Leaving CertificateA1, A1, B1, B1. Scottish Higher/Advanced HigherScottish Advanced Highers at ABB Advanced Welsh BaccalaureateAccepted including BB at A Level. EU Entry RequirementsEU Qualifications Access30 credits at Distinction and 15 credits at Merit in graded level 3 units in a relevant Diploma. International Entry RequirementsYour country ...
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Subjects
- Management
- Business and Management
- Business Environment
- Credit
- Basic
- Accounting
- IT
- Basic IT training
- Basic IT
- Business Economics
- Economics
- Marketing
- International
- Global
- Accounting MBA
- Finance
- Financial
- Systems
- Government
- Accredited
- International Business
- Accountants
- Accounting and Finance
- Management Accounting
- Financial Training
- IT Development
- IT Management
- Skills and Training
Course programme
The first year aims to introduce students to the subjects that provide the foundation for an economic study of business. Students must take four compulsory modules, with the remaining four being selected from the business-related pathways that the student has elected to follow (Accounting and Finance or International Business)
Compulsory modules-
Introduction To Financial Accounting (ACFI101)
Level
1
Credit level
15
Semester
First Semester
Exam:Coursework weighting
70:30
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 OutcomesPrepare basic financial statements
Explain the context and purpose of financial reporting
Demonstrate the use of double entry and accounting systems
Record transactions and events
Prepare a trial balance
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Introduction To Management Accounting (ACFI102)
Level
1
Credit level
15
Semester
Second Semester
Exam:Coursework weighting
100:0
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 Understand, interpret and analyse management accounting information, and demonstrate an awareness of the importance of non-financial factors;
Evaluate the usefulness of various techniques in different situations and for different purposes.
- Introduction To Finance (ACFI103) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 100:0 Aims
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to introduce the students to finance.
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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
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International Business Environment (MKIB152)
Level
1
Credit level
15
Semester
Second Semester
Exam:Coursework weighting
0:100
Aims
This moduleprovides an introduction to the international business environment.
Thecourse will cover issues including the role and behaviour of multinationalenterprises in the global economy, the business models used by firmsinternationalizing and the changing institutional and regulatory frameworksinfluencing international trade. Discussion will also be made of thedistinction between internationalization and globalization, and the limits ofglobalization.
Studentswill be both introduced to relevant theoretical and conceptual frameworks andgiven a firm empirical understanding of the international business environment.These aims will be achieved via a combination of lectures and seminars.
An understanding of business models and their practical application in different international contexts;
The ability to apply theoretical ideas to empirical situations, particularly through an understanding of how business adapts to the international business environment.
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Fundamentals of Marketing (MKIB153)
Level
1
Credit level
15
Semester
First Semester
Exam:Coursework weighting
50:50
Aims
The aim of this module is to provide a grounded appreciation of the utility and universality of a marketing orientation as the process by which organisations align themselves to their operating environment, customers/stakeholders and markets
Learning Outcomesunderstand the nature of the marketing environment and its relevance for the organisation and marketing practice
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Global Capitalist Systems (MKIB160)
Level
1
Credit level
15
Semester
Second Semester
Exam:Coursework weighting
0:100
Aims
This module aims to introduce students to the economic and business development of the major industrialised nations since 1945 and the more recent rise of emerging economies. Different explanations of national competitiveness will be outlined and the concept of ''varieties of capitalism'' is explained and applied in the assessed work. Economic and business performance is discussed from several viewpoints - that of nations, cities, multinational and domestic firms.
Learning OutcomesBe able to explain the main trends in development of the economies of major industrialised countries since 1945.
Be able to explain the rise of a selection of emerging economies.
Be able to assess the major explanations offered for differing economic and business performance using varieties of capitalism.
Be able to understand different geographical scales of economic activity and the role played by global financial institutions in global captialist systems.
Students will also use peer marking to review each other''s work and increase their capacity for independent research.
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Contemporary issues In Economic Policy (ECON130)
Level
1
Credit level
15
Semester
First Semester
Exam:Coursework weighting
70:30
Aims
This module aims to give students a broad understanding of the key contemporary issues faced by policy makers in the United Kingdom, in an international context. It will equip students with both a factual and theoretical basis to understand and critically evaluate possible responses to contemporary challenges. The module will also develop basic research and essay-writing skills
Learning OutcomesIdentify and explain the responses of the government to contemporary challenges in the conduct of fiscal policy
Identify and explain the responses of the Bank of England to contemporary challenges in the conduct of monetary policy
Critically evaluate the origins, development and consequences of the recent financial crisis
Critically evaluate the relationship between the UK and the EU
Critically evaluate the origins, development and consequences of the Eurozone crisis
Explain the rationale for government intervention and its forms in the face of market failure in environmental and transport policy
Conduct independent research using relevant secondary sources including economic data
Write a report analysing a contemporary economic issue
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The European Economic Environment (ECON159)
Level
1
Credit level
15
Semester
Second Semester
Exam:Coursework weighting
75:25
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.
identify major economic problems experienced by the EU
use appropriate economic analysis to examine such problems
followdebates on current developments within the EU
cognitive skills of analysis and synthesis
Understand the goals and governance of the firm, how financial markets work and appreciate the importance of finance.
Understand the time value of money
Understandthe determinants of bond yields
Recognizehow stock prices depend on future dividends and value stock prices
Understandnet present value rule and other criteria used to make investment decisions
Understand risk, return and the opportunity cost of capital
Understandthe risk-return tradeoff, and know the various ways in which capital can beraised and determine a firm''s overall cost of capital
Knowdifferent types of options, and understand how options are priced
specifically, to be able to undertake an analysis of customer and competitive environments
understand the fundamental philosophy of marketing and its application in both business and not-for-profit organisations
identify and be able to apply key marketing concepts to aid marketing and business decisions
be able to demonstrate an understanding of the pratical aspects and processes of marketing
Business Economics BA (Hons)