Business Economics and Risk Management MSc

By studying both economics and risk management together, you will be able analyse how individuals and organisations can evaluate different approaches as part of their decision-making process. A range of core modules underpin these key economic and risk management principles: Macroeconomics in a Global Context - presents an analysis of how the macroeconomy works in a global environment that is subject to international trade and factor endowment flows. You will gain the skills to relate the theory of macroeconomics to recent world events and debate the implications of macroeconomic policy.. Economics and Strategic Analysis - the aim of this module is for you to understand they key strategic decisions that individuals, firms ad organisations, face and the consequence of those decisions. You will also learn how to apply microeconomic models to solve current economic problems... Risk Management - it is now recognised that the business agenda has moved away from risk avoidance towards the recognition that risk, if correctly managed, can lead to competitive business advantage. You will learn how to identify and manage risks within an organisation.. Business Continuity and Crisis Management – develops a historical and contemporary understanding of business continuity management and crisis management theory and practice that fits within broader strategic imperatives.. I nternal Control and Audit – recent cases of corporate failures and scandals, especially in the US and the UK, have heightened public interest in how organisations are being governed and how management tackles business risks. You will be exposed to the crucial role internal control mechanisms and the internal audit function play in organisations’ risk management procedures.. Economics and Emerging Markets - This module applies contemporary economic theories in order to examine Emerging Market Economies and their contribution to the global economy. These theories as well as country studies in Emerging Markets will be used to discuss topics such as Globalization, Growth, Debt, Banking, Exchange Rates, Capital Inflows, Foreign Direct Investment, Trade and Institutions.. International Trade Theory and Policy - This module will examine real world International Policy issues, within a coherent theoretical framework. The module will present an analysis of how the international economy works, in terms of trade theory and policy. Recent developments in the world economy have raised concerns regarding the nature of the international adjustment mechanism, and the merits of free trade compared with protectionism.. Dissertation - You must undertake a dissertation, having identified a real issue to explore in depth. You must use multiple modes of enquiry embracing both economics and risk management. You will need to apply and enhance technical knowledge and critical awareness in a subject of your choice. Note: All modules are subject to change in order to keep content current.