Economics MSc

You will study the following modules:

Principles of Economics

Economics relates to every aspect of our lives. Studying this subject will equip you with an understanding of the world around us and how it functions. This module aims to develop your ability to examine how decisions are taken at individual, firm and national levels. The module will focus on real life applications of economic theories and concepts to help you critically analyse major economic issues facing the world today.

The Context of International Business

This module is designed to develop knowledge and understanding of the major issues that businesses are confronted with when operating in international markets. Given the complex and inter-related nature of the international business environment, it is important for you to understand, for example, how the social, economic, political, legal and financial factors have influenced, and continue to influence international business. You can also develop your intellectual capacities by applying the international business theory and techniques to complex business scenarios. In addition, you will have the opportunity to explore the ethical issues in international business.

Financial Markets and Institutions

This module aims to introduce you to the key elements of Financial Markets and Institutions, covering the financial system, markets, central banking regulation and financial crises. You'll have an opportunity to learn the methods used in empirical finance to better understand decision making and developments in world financial markets, institutions and banking.

The Global Professional

In today’s highly mobile and interconnected world of business, you will undoubtedly find yourself working with culturally diverse teams, partnerships and customer bases. It is therefore essential that you are able to offer future employers, colleagues and other stakeholders an adaptable interculturally aware and responsive approach. In the light of that, this module fosters transferable skills fundamental to global employability. Your professional and personal development will be guided through the application of the eight CIPD Behaviours, University of Huddersfield’s target Graduate Attributes, and key Intercultural Effectiveness skills and mindsets. As you develop professionally through your subject studies you will increase consciousness of your individual cultural make-up and the impact of this on behaviour, relationships and worldview in order to navigate beyond the borders of your own culture. You will develop a conscious approach to effective global practice, responding positively to difference, and constructing strategies to deal with intercultural workplace encounters.

Option module (choose 1)

Managing Big Data

With many industries generating huge volumes of data almost continuously the challenge for these industries is understanding how this data can be utilised for developing organisational value. This module will introduce you to the field of Big Data, sources, management and visualisation. you'll have an opportunity to evaluate and consider a range of features in the area, and gain a holistic overview of organisational challenges and an informed perspective in decision making through the utilisation of big data.

Intelligent Business Information Systems

This module will review the principles and applications of information systems and business intelligence in different types of businesses and organisations. The role of information systems and business intelligence in modern operations and supply chains will be reviewed and discussed. The most recent advances in technology, their applications and implications in managing businesses will be discussed. Different types of information and enterprise systems and software will be reviewed and discussed in this module. Issues to be considered in the implementation and use of these packages will be highlighted.

Managing Sustainable Challenges

Businesses around the globe are becoming more aware of their role in helping to build a more sustainable future. Consequently, this module will aim to provide you with an integrative understanding of the role of business in overcoming the challenges of sustainability. Utilising both theory and practice-based frameworks related to business responsibility, corporate sustainability and sustainable development, you will have the opportunity to identify, and assess the challenges associated with the responsibilities of business. You will also be introduced to the United Nations Sustainable Development Goals (SDGs), with a view towards examining how businesses could collaborate to achieve these.

Artificial Intelligence and Mobility

This module has a twin objective that will introduce you to the new automated, connected, digitised and mobile business arena of the future. On the one hand, it presents selected examples of Artificial Intelligence (A.I.) applications from a human factors perspective trying to identify social, economic and environmental impacts and human-machine interaction complexities and concerns. On the other hand, it will cover how digitised and autonomous technology will revolutionise mobility. Transport considerations and the agenda of Connected and Autonomous Vehicles, the prime example of A.I., will underpin the content of the module.

Financial Markets and Institutions

This module aims to introduce you to the key elements of Financial Markets and Institutions, covering the financial system, markets, central banking regulation and financial crises. You'll have an opportunity to learn the methods used in empirical finance to better understand decision making and developments in world financial markets, institutions and banking.

Corporate Finance

This module will introduce you to more advance topics in corporate finance with an aim of giving you a critical understanding of theories in corporate finance and of practical implications of the theories on a day to day decision making as a finance specialist.

Corporate Governance

The past decades have witnessed a rapid emergence of good corporate governance as a crucial part of running any successful corporation. The central aim of this module is to provide you with a thorough grounding in a range of advanced topics in corporate governance. In particular, the module seeks to introduce and develop you ability to critically evaluate a wide of range of concepts, principles, theories, models, systems, mechanisms, reforms, regulations and research in corporate governance.

Modern Banking

In this module you'll be provided with a comprehensive introduction to theoretical and applied issues relating to the global banking industry. In this perspective, you'll study types of banks and banking activities, their financial features and performance, management of banking risks and regulation. It also aims to introduce you to several recent developments that derives the changes in the financial intermediation, such as FinTech and P2P lending.

Managing Employee Relations

This module will provide a comprehensive understanding of employment relations perspectives and debates, focusing not just on the theoretical, practical and legislative aspects of this constantly evolving subject area but also to manage employment relations strategies and their outcomes on organisational climate, employees and management. Through critical application of activities, knowledge and behavioural competencies learners this module aims to equip you to strategically manage employment relations practices across broad organisational settings e.g. non-union and union environments, to enable the effective management of the employment relationship.

Global Business and Human Rights

As more and new corporate and trading actors emerge onto the global commercial scene, questions as to the relationship between business and human rights increasingly raise profound and intriguing problems of law and policy. This module, alert to historic developments, and drawing on principles of international law, investigates how national, regional and international initiatives to regulate the ever-changing dynamics of financial and cultural globalisation, are affecting respect for human rights in contemporary society.

Emotional Intelligence for the Effective Leader

EQ (emotional intelligence) is considered to be the ‘soft’ skill which the sharpest leaders use. This module encourages you to enhance your effectiveness in areas of EQ such as self-awareness, self management, mindset, integrity, maturity, empathy, inter- and intrapersonal intelligences, and physical context. All of this is contextualised within a framework for developing effective relationship management in team work and leadership.

An opportunity to pursue an area that interests you or which you are passionate about comes in your choice of project. You have a choice of three routes: Research Route, Consultancy Route and New Venture Creation Route (subject to tutor approval).

Final Project/Research Route

Quantitative Economic Methods

This module will introduce you to the main methods of quantitative measurement used in the subject of Economics and other business disciplines. As part of this module you will consider a range of features of quantitative economic analysis, from data collection to the analysis and reporting of the results of statistical procedures. As a result of this study you will be empowered to devise, operationalise, justify and critique a programme of quantitative investigation for an audience of economists or business professionals.

Individual Research Project

The Individual Research Project provides an opportunity to pursue your own interests and engage more deeply with your subject by completing an in-depth piece of research work using relevant research methods. Working autonomously, but under the guidance of a supervisor, you will make choices about the most appropriate methods and then conduct your own research project. Through the Individual Research Project, you will have the opportunity to greatly enhance your own knowledge and skills. The research will be presented in written format using academic conventions recognised in your field.

Final Project/Consultancy Route

Consultancy Skills

This module prepares you for the Group Consultancy Project. It introduces the theory underpinning the process of consultancy in organisations. The module will analyse various models of consultancy and you will be given an opportunity to explore different stages in the consultancy cycle including: the purpose of consultancy in business context, project scoping and contracting, information gathering, analysis and report, action planning, implementation, review and exiting.

Group Consultancy Project

The Group Consultancy Project provides you with the opportunity to engage in a ‘real world’ live client brief. You will work in small teams and will be expected to engage in the process of scoping the project with the business client, undertake the necessary information gathering, analysing the information and make recommendations to the client. As part of this module, you will also need to evaluate how principles of ethics, sustainability and responsibility influence your professional decision making.

Final Project/New Venture Creation

Launch a venture

The module provides you with the opportunity to take the practical steps to initiate a new venture or facilitate growth and innovation in an existing venture. The focus is on developing an understanding of business practicalities through action, reflection and case study. The module encourages you to acquire the knowledge, skills and attitudes for practice, recognising that you may be at different stages and working on different issues at the same time. Supervision and action learning sets provide flexible support to enable self directed learning to facilitate start up and business development initiatives with existing businesses.

New Venture Creation

The module will encourage you to develop your entrepreneurial mind-set, and help you understand the challenges and opportunities of starting and running a new venture. Your entrepreneurial skills and abilities will be guided through the application of different entrepreneurial tools and techniques – as well as practical exercises - that should enable you to assess your own entrepreneurial readiness, while preparing for the risky, uncertain and challenging environment of creating new ventures.