Economics with a Year in Industry BSc (Hons)

The first year aims to introduce students to the subjects that provide the foundation for degree-level study of economics. All students will complete a careers-oriented modules in the second semester as part of their preparation for the year in industry. In addition, students following the Economics pathway will take six compulsory modules and one optional module. Students following the Finance pathway will take seven compulsory modules.

• Statistics for Economics and Business (ECON112) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 80:20 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 Thebasis of data analysis


​ Thefundamental notion of statistical inference

​ Summarise,describe and present raw data

​ Estimatethe mean of a population (and other statistics)

​ Howto formulate and test hypotheses about values in the population based on randomsamples

Howto carry out basic statistical computations and graphical analysis

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Howto identify and model relationships between two variables

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Understandthe use of probability in statistics

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Communicatingresults

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• Mathematical Economics (ECON113) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 100:0 Aims

  ​The aims are:
  

  - to prepare students for the more advanced Year 2 Mathematical Economics II option, which is a prerequisite for certain Year 3 modules. 
  
  - to prepare students for the econometrics sequence starting in Year 2.
  
  - to develop mathematical maturity and problem solving skills.
  

  Learning Outcomes

  ​An understanding of key techniques of proof

  ​An understanding of comparative statics and calculus methods including integration, multivariate optimisation and constrained optimisation

  ​An ability to solve economic problems using the mathematical techniques introduced during lecture hours.

• Principles of Microeconomics (ECON121) Level 1 Credit level 15 Semester First Semester Exam:Coursework weighting 80:20 Aims

  To acquaint students with elementary microeconomic theory. We will cover: basic definitions and concepts in (micro)economics, consumer theory, producer theory, perfect competition, imperfect competition, externalities and public goods.

  The mathematics content will include some basic algebra, equations of the straight line, elementary calculus.

  Learning Outcomes

  After this module students should have achieved a theoretical background in the elementary concepts of microeconomic theory   

  
  

  ​  Students should have learned how to apply these concepts.

• Principles of Macroeconomics (ECON123) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 40:60 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

  ·         Explainthe relationship between expenditures and national income and demonstrate howmonetary and fiscal policies may be used to influence them
  

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  ·         Explainthe behaviour of economic aggregates such as national income, inflation andunemployment over time

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  ·         Explainand assess government policy in a range of policy situations

  ·         Explainthe framework of national income accounting

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  ·         Usegraphical and algebraic modelling to analyse the economy and economic policy

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  ·         Explainthe interconnections between the markets for goods, money and labour

  ·         Explainthe principal influences on long-term growth and the short-run fluctuation inoutput around the long-run growth trend

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  ·         Locate,select and analyse information relevant to assessing the state of the economyand economic policy

• 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 Outcomes

  Identify 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 introducing quasi-markets in key areas of public provision and evaluate their effectiveness  

  ​ 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

• Placement Preparation Module (ULMS170) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 0:100 Aims

  This module aims to prepare students for a year in industry by providing them with the skills required to secure a work placement and to gain the most from their placement experience.

  Learning Outcomes Critically reflect on and evaluate their skills in relation to prospective employers’ requirements and identify their development needs;

  ​ Research career opportunities relevant to their degree specialism in relation to their own career aspirations using a range of media and approaches;

  ​ Analyse a given work environment (organisation/sector in an economics context) using a range of theoretical perspectives;

  ​ Demonstrate effective oral and written communication skills appropriate to a role within an economics and business context;

  ​ Produce timely and effective applications

  Optional modules
  • 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:

    1. the theoretical basis of economic integration
    2. the main economic features of the European Union
    3. the workings of the main institutions
    4. the major current policy issues.
    Learning Outcomes describe the main economic aspects and working of the EU in recent years
    identify major economic problems experienced by the EU

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    use appropriate economic analysis to examine such problems

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    followdebates on current developments within the EU

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    cognitive skills of analysis and synthesis
    ability to identify major issues relating to the EU
    ability to conduct individual study by drawing onprimary sources especially access to the Europawebsite of the European Commission
    abilityto discuss current policy issues, particularly as they affect the UK .

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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 Outcomes

    understand the nature of the marketing environment and its relevance...