Economics and Management BSc

Compulsory

• Statistics and Data Analysis

  This module is designed to improve numerical and data analysis aptitude of students. It aims to provide an understanding of key statistical concepts and methods, such as descriptive statistics, probability theory, inference, testing and sampling. Students will be given the opportunity to work on data sets, develop theoretical, technical and software related skill, which are in high demand in industry.

• Microeconomic Principles

  The aim of this module is to introduce students to core concepts, methods and techniques of modern microeconomics. The course prepares students for more advanced topics to be studied in following years.

• Mathematics for Economics and Finance

  This module is designed to provide students with the mathematical skills and techniques necessary for further study in Economics, Finance and Accountancy. Students will develop their understanding of basic algebra and differential calculus and the way they are applied in Economics, Finance and Accountancy.

• Macroeconomic Principles

  This module provides students with a firm foundation in the principles of macroeconomics at the theoretical level, which will provide the basis for further core modules at level 2 and level 3. It aims to demonstrate the application of theory to current issues in macroeconomics.

• Introduction to Financial Accounting

  This module 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 including the preparation of basic financial statements.

• Organisational Behaviour

  This module introduces students to the study of organisations. It outlines key sociological and psychological perspectives used to analyse organisations and occupational groups. Students encounter core topics including organisational design, bureaucracy and contingency theory. Theory and practice are linked via seminars, case study discussions and reflections on students’ experience of organisations.

Compulsory

• Intermediate Microeconomics

  The objective of the course is to provide students with insights from economic theory which are relevant to a variety of real world decisions. The emphasis is on applying microeconomics ideas to solve problems.

• Intermediate Macroeconomics

  The main aims of the module are to familiarise students with the assumptions, operation and predictions of the principal macroeconomic models. Enable students to understand current debate amongst Macroeconomists by examining the major theoretical controversies. And to explore policy implications relating to current macroeconomic performance.

• Services Marketing

  This module aims to develop in students a critical understanding of service management theory and practice and provide knowledge of modern theory associated with the effective design and management of service operations.

• Human Resource Management and its International Dimensions

  The aim of this module is to introduce students to issues, debates, and controversies relating to the field of Human Resource Management. The module intends to develop students’ awareness of people management issues within and outside the workplace. The people management issues are set against the background of national and international issues that affect HRM policies and practices.

• Critical Perspectives in Management

  The module seeks to introduce students to a critical approach to the study of management and organisations. This will be achieved through an exploration of bureaucratic/post-bureaucratic organisations, new forms of work organisations, new forms of managerial control, resistance and power, new forms of employment, gender and work organisations.

Optional

• Ethics and Accountancy Research Methods

  The aim of the course is to provide students with the theoretical and practical skills needed to understand and analyse main characteristics of financial and accounting data. Develop an understanding of relevant knowledge and skills related to the exercise of professional judgement in carrying out the role of the accountant in the areas of governance, internal control, compliance and the management of risk in an organisation, within the context of an overall ethical framework.

• Quantitative Methods

  The aim of the course is to provide students with a review of statistical methods applied in economic analysis, the theoretical skills needed to understand and analyse data and the practical skills needed to construct and estimate relevant models. Students will learn about and practice techniques in performing and discussing data analysis.

• Money and Banking

  This module aims to provide students with a good grasp of both the theoretical and practical issues related to the modern financial markets and intermediaries. The topics covered include financial system, banking, financial institutions and money. Special attention will be given to the topics of financial crisis and the need and role of regulation.

• Monetary Economics

  The main aims of the module are to familiarise students with functions of money, interaction of money supply and demand, operations of financial intermediaries and banks, to enable students to understand to effect of monetary policy on welfare, business cycles, inflation and other macroeconomic variables in the short- and long-run and to explore inconsistencies and uncertainties in relation to monetary economics.

Optional

• Applied Research in Economics, Banking and Finance

  The module aims to provide final-year undergraduates with the opportunity to provide evidence of their ability to independently pursue research in the area of the topics chosen by them, with the assistance of, and the recommendation by, members of the Department. Students will be expected to develop their analytical ability and skills to conduct a general investigation into issues relating to economics and finance.

• Managerial and Industrial Economics

  This module introduces students to the latest theories on the organisation of the firms and industries. Practical examples will illustrate the role of each theory in current policy debates. The focus is on recent developments in the theory of oligopoly, including the study of cooperative and non-cooperative oligopoly behaviour based on game theory. In addition, the course covers some advanced topics in pricing and strategic behaviour. Case studies will indicate how and why industrial economics models are valuable tools for competition policy and antitrust activity.

• The Economics of Labour Markets

  The aims of this course are to survey the broad area of Labour Economics and to analyse how individuals, families, firms and governments operate within a contemporary labour market. The approach is a two-fold one: a theoretical survey with the incorporation of empirical evidence from several developed countries.

• Data Analysis for Microeconomic Policies

  This module will provide the theoretical and methodological tools to identify the causal impact of an event or policy on outcomes of interest. The module will introduce students to the potential outcome framework and the casual effects of interests, then study the ideal scenario: randomized control experiments, linking them to regression techniques. The module will also cover mainstream methods to overcome selection issues, such as instrumental variables and difference-in-difference. Economically relevant applications will be provided throughout the course.

• International Money and Finance

  The module aims to provide students with an understanding of the key issues in International Money, International Macroeconomics, and International Finance.

• Developmental Economics

  This module aims to provide students with an understanding of the main features of developing economies, how developing economies function, constraints and opportunities of the development process, economic growth in theory and practice, and the causes and consequences of extreme poverty and vulnerability. It also looks at how markets and institutions operate in developing economies, and the role of the household, ethnic and other networks, rural-urban migration.

• Economic History and Thought

  The course will provide a broad outline of the history of the British economy through the last few centuries, and some additional understanding of the European economy. It will discuss many of the ideas about Economics that have been held by Economists in the past, and their contemporary relevance. The link between Economic Theory and Economic Policy will be discussed. There will be an evaluation of how Economic Policy affected the Economy, and how discussion about policy informed Economic theory.

• Environmental and Natural Resource Economics

  This module aims to provide an understanding of the behaviour and interconnections between economic agents, markets and the environment, to apply economic tools and theory to problems relating to the environment and natural resources and interpret their findings. It also engages students in critical evaluation of these tools and theories against real-world phenomena.

• Issues and Controversies in Management Project

  This core module helps students to conduct critical appraisals of issues and controversies involving contemporary organisations and of managerial responses to these challenges. It also provides focused support in appropriate research methods and in the effective communication of research findings in oral presentations, small group discussions and an extended written report.

• Entrepreneurship and Small Business Ventures

  This module provides an integrated and critical analysis of entrepreneurship and small business management related theories and frameworks underpinning the practice and policy of entrepreneurship and small business management. It will enable you to draw on evidence and contemporary research to explore entrepreneurial value creation and capture, and the imperatives of innovative new technologies on small business growth, as well as identify and evaluate the opportunities and distinctive challenges faced by entrepreneurs and their firms.

• International Marketing

  This module addresses critical understanding and ability in assessing the effectiveness of international marketing theory and practice. It targets principles and issues that drive markets world-wide. Students will develop insight and investigative ability concerning issues facing a business that needs to research markets and develop and implement market strategies, techniques and methods across a range of international sectors.

• Strategic Management

  This module aims to enable students to appreciate the many, wide ranging issues and challenges that confront strategic managers, introduce concepts, topics and methodological approaches relevant to the analysis of the strategic position of the organisation and the development and implementation of strategies in complex uncertain environments, including a consideration of major operational implications, and to develop skills of strategic thinking, analysis and argument.

• Business Ethics, Environmental Sustainability and Governance

  The module aims to provide students with the opportunity to gain critical understanding of theories and contemporary approaches to business ethics, corporate social responsibility and governance in the age of globalisation, and the challenges of sustainable development and business responses to it.