Economics with Financial Services BSc(Hons) 2017-18This course also available for 2018-19 entry
About the course
In a globalised world, the importance of understanding economic principals and their impact on business is more relevant than ever before. Businesses need highly skilled individuals who are able to understand the nature of the economic environment and the impact this will have on organisations. They need individuals who are able to take economic theory and principles and apply them to real-world business problems. This course provides an in-depth study of how markets, households and firms facilitate the allocation, distribution and utilisation of scarce resources in society. Macroeconomic elements of the degree explore the importance of economy-wide developments such as incomes, inflation and consumption, whilst microeconomic perspectives introduce students to sector-specific practices such as competition, regulation and intervention.Training in statistics, quantitative methods and econometrics will equip you with some of the tools used by professional economists to analyse economic policies and inform research. The degree provides a good grounding for careers in both the public and private sectors, and also if you intend to pursue postgraduate study.
Here's what current Economics student Fahmida has to say about her course.
Year One Core modules:
Introduction to Microeconomics
You'll explore economic concepts and theories through a critical consideration of current economic issues, problems and institutions that affect everyday life. You'll have the opportunity to apply economic concepts and theories in a range of contexts to understand individual, household, firm and government decisions, and come to appreciate their value and limitations in explaining real world phenomena.
Introduction to Macroeconomics
You'll explore concepts in macroeconomics that provide the basis for second year study of applied macroeconomics. You'll be supported to develop a basic level of mathematical analysis through application of related macroeconomics concepts, and to apply analytical skills based on macroeconomics theories to understand and explain various macroeconomic phenomena such as unemployment, recession and inflation.
Statistics for Economics
This module introduces you to statistical methods necessary for the study of applied economics. The main techniques applicable to the study of modern economic theory will be introduced and where appropriate linked to applied content. Statistical techniques will be used to allow greater understanding of economic data, theoretical and applied economics, as well as learning something about their limitations. Assessment is through an individual assignment and a closed book final exam.
Accounting for Managers (Foundation)
This module introduces you to how financial information for businesses is prepared, presented and interpreted by internal and external users. As well as delivering theory and technical information, practical application is presented through worked examples, group working and discussions.
Introduction to Financial Services
This module provides a comprehensive introduction to the global financial markets, together with an overview of current developments. You’ll learn how the financial services sector channels investments and financial instruments around the world and have the opportunity to understand how individuals, corporations and countries raise and move funds around international markets and financial exchanges.
Year Two Core modules:
This module explores the fundamental concepts and techniques of intermediate microeconomic analysis and should help to prepare you for microeconomic based modules in the final year of your degree. This module provides you with the opportunity to study the application of microeconomic theory to issues and problems such as decision making of individuals, households and firms, strategic behaviours and market failures.
This module will advance your understanding of macroeconomics. The module objective is for you to use quantitative techniques and gain an understanding of how these might be useful in theoretical and applied economics, as well as learning something about their limitations. The main purpose of this module is to develop a deeper understanding of modern macroeconomics. It will help develop analysis and policymaking skills as well as enhancing your ability to critically analyse the implications of macroeconomic issues for business and financial decision-making.
This module will help you gain an understanding of important mathematical and statistical concepts used in the analysis of applied economics and the construction of economic data. It will introduce you to techniques and materials that can help build on your knowledge gained in year one, applying techniques to real world economic problems. You’ll gain an understanding of the possibilities and limitations of these techniques in order to understand the usefulness and limitations of quantitative methods in economics.
This module will familiarise you with different perspectives on international trade and international finance. You'll cover both ‘old’ and ‘new’ trade theories as well as selected trade policy issues. The objective is to enable you to analyse critically economic issues that result from a country’s interaction with other countries, i.e. trade with other countries, international factor movements, trade and balance of payments imbalances, exchange rate volatility, debts and currency crises.
Management and Research Methods
This module introduces you to the theory and practice of research methods to learn and identify the different techniques, philosophies and methods researchers need to understand to conduct high quality research.
Developments in Banking and Finance
This module covers current and topical developments in the world of banking and financial markets, including retail and investment banking, financial intermediaries and stock markets. A key theme is the application of theory to real-world practice.
Year 3 – optional placement year The course offers an optional one-year (48 weeks) work placement after the second year, in the UK or abroad. Final year Core modules:
Economic Theory and Applications
This module will give you the opportunity to deepen your understanding of economics by analysing issues from an applied economic perspective. It will help support you to develop your understanding of economic theory and consider how economic analysis may assist decision making in society and the limitations of the role of economists. This, in turn, will help you understand recent dilemmas in UK and international economic performance and policy making.
This module introduces you to econometrics which means applied economics and the analysis of large data sets in a range of settings, capturing potentially complex relationships between variables. You'll have the opportunity to gain an understanding of the key methods used in econometric analysis and be able to demonstrate knowledge of the potential problems and solutions to apply in such situations.
Monetary and Financial Framework
This module helps you to develop an advanced understanding of central banking, financial markets and regulatory practice. Theory, policy and practice are explored to keep apace with fast moving and ever changing business environments.
Dissertation projects are wide ranging and you are encouraged to work in areas of particular interest. In order to support you in the research process you are required to submit an outline reseach proposal by the beginning of November in the final year. The research proposal for the dissertation is to be submitted by week 10 of the Autumn term. The research project must be written up using an appropriate format.
We will always try to deliver your course as described on this web page. However, sometimes we may have to make changes as set out below.
We review all optional modules each year and change them to reflect the expertise of our staff, current trends in research and as a result of student feedback. We will always ensure that you have a range of options to choose from and we will let students know in good time the options available for them to choose for the following year.
We will only change core modules for a course if it is necessary for us to do so, for example to maintain course accreditation. We will let you know about any such changes as soon as possible, usually before you begin the relevant academic year.
Sometimes we have to make changes to other aspects of a course or how it is delivered. We only make these changes if they are for reasons outside of our control, or where they are for our students’ benefit. Again, we will let you know about any such changes as soon as possible, usually before the relevant academic year. Our regulations set out our procedure which we will follow when we need to make any such changes.
When you enrol as a student of the University, your study and time with us will be governed by a framework of regulations, policies and procedures, which form the basis of your agreement with us. These include regulations regarding the assessment of your course, academic integrity, your conduct (including attendance) and disciplinary procedure, fees and finance and compliance with visa requirements (where relevant). It is important that you familiarise yourself with these as you will be asked to agree to abide by them when you join us as a student. You will find a guide to the key terms here, where you will also find links to the full text of each of the regulations, policies and procedures referred to.
The Higher Education Funding Council for England is the principal regulator for the University.
The course offers an optional one-year (48 weeks) work placement after the second year, in the UK or abroad.
Huddersfield Business School's Placement Unit won the National Undergradute Employability (NUE) award in 2017 for ‘Best University Placement Service' for their hard work and innovative ideas.
Our Placement Office works with national and international employers to ensure excellent work experience opportunities are available to our students on placement courses as well as giving advice in areas such as interview skills and preparing CVs and covering letters.
90% of graduates from courses in this subject area go on to work and/or further study within six months of graduating. *
Employment prospects for students remain strong in the areas of economics, management consultancy, multinational organisations and government agencies. Recent graduates from similar courses at the University, have gone on to work for leading FTSE-100 companies, Government, the media, industry and manufacturing.
*Source: DLHE survey
Teaching and assessment
You will be taught through a series of lectures, seminars, tutorials, workshops, directed study, computer aided learning packages and case study analysis. Assessment will include exams, verbal presentations, MCQs, short answer questions, essays, group projects, reflective learning diaries, computer-based assessment and extended case studies. 20.3% of the study time on this course is spent in lectures, seminars, tutorials etc. If you are concerned about adapting to study at university level, then our Learning Development Group, (LDG) based in the Business School building offers a dedicated service helping our students to improve their academic skills in areas such as presentations skills, time-management, academic reading, referencing or academic writing, research for essay preparation and how to prepare effectively for examinations.
Your module specification/course handbook will provide full details of the assessment criteria applying to your course.
Feedback (usually written) is normally provided on all coursework submissions within three term time weeks – unless the submission was made towards the end of the session in which case feedback would be available on request after the formal publication of results.Feedback on exam performance/final coursework is available on request after the publication of results.
Huddersfield is the UK's only university where 100% of the permanent teaching staff are Fellows of the Higher Education Academy.*
*permanent staff, after probation: some recently appointed colleagues will only obtain recognition in the months after their arrival in Huddersfield, once they have started teaching.
The Business School was opened in 2010 at a cost of £17m and is the most eco-friendly building on campus. It's a state-of-the art facility and provides you with a modern, professional environment in which to learn and develop. Located right next to the Huddersfield Narrow Canal it's in a leafy and picturesque location at the heart of the campus.
The Learning Development Group (LDG) offer a dedicated service helping our students to improve their academic skills in areas such as referencing, presentations skills, time-management, academic reading, referencing or academic writing.
Our Placement Office works with national and international employers to ensure excellent work experience opportunities are available to our students on sandwich courses as well as giving advice in areas such as interview skills and preparing CV's and covering letters.
Excellent teaching rooms combine with fully-equipped computer labs to provide access to technology and learning resources alongside 'The Street' cafe which offers space for socialising, networking and relaxation over a wide selection of fresh food and hot and cold drinks.
How much will it cost me?
The full-time undergraduate tuition fee for 17/18 entry is £9250.
Tuition fees will cover the cost of your study at the University as well as charges for registration, tuition, supervision and examinations. For more information about funding, fees and finance for UK/EU students, including what your tuition fee covers, please see Fees and Finance. Please note that tuition fees for subsequent years of study may rise in line with inflation (RPI-X).
If you are an international student coming to study at the University of Huddersfield, please visit the International Fees and Finance pages for full details of tuition fees and support available.
Please email the Student Finance or call 01484 472210 for more information about fees and finance.
Progression to a postgraduate course is dependent on successful completion of your undergraduate studies. There may also be minimum qualification requirements such as a first class or higher second (2.1) degree.Please check the course details to confirm this.
Upon successful completion of your undergraduate studies, you may also be interested in training to become a secondary school teacher by taking a PGCE. Look at further details and entry requirements for Business Education.
If you are an international student (including EU) you can check if you meet our entry requirements (both academic and English language) by visiting our country pages.
If you do not meet the entry requirements you can consider completing a degree preparation programme (if you are from a country outside of the EU) at the University's International Study Centre (ISC) or you can call the ISC on +44 (0) 1273 339333 to discuss your options. You can also complete the online application form or to ask a question please fill in the enquiry form and talk to one of our multi-lingual Student Enrolment Advisers.
If your English language is not at the required level (IELTS 6.0 overall), we have a range of Pre-Sessional English programmes that you can enrol on before starting your degree programme. You will not need to take an IELTS test after completing one of our Pre-Sessional English programmes.
How to apply
We hope you are interested in what you have seen and want to apply to join us.
Research plays an important role in informing all our teaching and learning activities. Through research our staff remain up-to-date with the latest developments in their field, which means you develop knowledge and skills that are current and highly relevant. For more information, see the Research section of our website