Economics with a Year in Industry BSc (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. If you are interested in the theory and practice of economics and are looking to develop the quantitative and analytical skills to succeed in a variety of roles, an Economics degree might interest you. The BSc Economics programme provides students with comprehensive training in the theoretical and quantitative tools used in the study of economic and finance and enables them to apply these tools on a practical basis through research work and applied modules looking at economic factors in areas such as health, finance, behaviour, politics, Europe, the public sector, developing countries and arts and culture. You will also be taught by staff who are highly regarded researchers in the topics they teach, ensuring you receive the very best learning experience possible. You will be able to follow one of two pathways: a generalist pathway which enables you to pursue a wide range of economic study, and a finance pathway which provides more specialist finance related modules. Both options will not only provide you with a solid understanding of the economic issues faced by economies and businesses worldwide but the ability to apply econometric models to support these findings, an incredibly important skill valued by companies and organisations. On the Year in Industry programme you spend Year Three on placement in industry. 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 Finance pathway can apply for exemptions from the Financial Management papers from either professional body and all Economics students will be exempt from ACCA’s Accountant in Business. Our graduates successfully find careers as analysts, researchers, traders and other...
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About this course
Entry Requirements A level offerAAA Subject requirementsA level Mathematics minimum grade A required. BTECD*D*D and grade A at A level Mathematics. International Baccalaureate36 points including 6 in Higher Level Mathematics. Irish Leaving CertificateA1, A1, A1, A1 including Maths at A1. Scottish Higher/Advanced HigherScottish Highers at AAA, including Mathematics. Advanced Welsh BaccalaureateAccepted including AA at A Level including Maths. EU Entry RequirementsEU Qualifications Access45...
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Subjects
- Management
- Credit
- Basic
- IT
- Basic IT training
- Basic IT
- Statistics
- Economics
- Marketing
- ACCA
- Finance
- Financial
- Public
- Industry
- Government
- Accredited
- Accountants
- Financial Training
- IT Development
- IT Management
- Probability
- Skills and Training
Course programme
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.
Compulsory modules- Statistics for Economics and Business (ECON112) Level 1 Credit level 15 Semester Second Semester Exam:Coursework weighting 80:20 Aims
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The fundamental aim of this module is to give students an understanding of how statistics operates in Business and Economics;
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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;
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To enable students to understand and apply the practice of statistical inference to sample data to estimate full population variable parameters;
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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
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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.
Learning Outcomes
- to prepare students for the econometrics sequence starting in Year 2.
- to develop mathematical maturity and problem solving skills.
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.
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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 OutcomesAfter 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.
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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
· Explainthe relationship between expenditures and national income and demonstrate howmonetary and fiscal policies may be used to influence them
· Explainthe behaviour of economic aggregates such as national income, inflation andunemployment over time
· Explainand assess government policy in a range of policy situations
· Explainthe framework of national income accounting
· Usegraphical and algebraic modelling to analyse the economy and economic policy
· 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
· Locate,select and analyse information relevant to assessing the state of the economyand economic policy
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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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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
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
Howto identify and model relationships between two variables
Understandthe use of probability in statistics
Communicatingresults
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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
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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...
Economics with a Year in Industry BSc (Hons)