Economics and Management Studies (BSc Econ)

The joint honours degree programme Economics and Management offers students the opportunity to combine the main elements of Business Economics with a study of management.

Economics and Management at Cardiff University offers students the opportunity to combine the main elements of Business Economics with the study of management. You are given the opportunity to pursue subject areas of particular interest, such as marketing or employment relations.

Key facts

UCAS CodeLN12
Entry pointSeptember 2016
Duration3 years
AccreditationsAssociation to Advance Collegiate Schools of Business (AACSB)
Typical places available
Typical applications received
Typical A level offerAAB, excluding General Studies, Critical Thinking and Citizenship Studies
Typical Welsh Baccalaureate offerGrade A in the Core and grades AB from two A-levels OR Grade B in the Core and grades AA from two A-levels
Typical International Baccalaureate offer35 points, including Mathematics at 6SL or 5HL
Other qualificationsApplicants will also require GCSE English grade C and GCSE Mathematics grade B. Applications from those offering alternative qualifications are welcome. Specific admissions and selection criteria for this degree programme can be found online.

Detailed alternative entry requirements are available for this course.
QAA subject benchmark

Economics

Admissions tutor(s)

Mr Kevin Stagg, Admissions Tutor

Important Legal Information: The programme information currently being published in Course Finder is under review and may be subject to change. The final programme information is due to be published in July 2016 and will be the definitive programme outline which the University intends to offer. Applicants are advised to check the definitive programme information after the update, to ensure that the programme meets their needs.

The Joint Honours degree programme Economics and Management offers students the opportunity to combine aspects of the study of both Economics and Management. 

Through a combination of core and optional modules, students are given the opportunity to pursue aspects of the two subject areas which are of particular interest to them, such as the economics of business or finance through to marketing or employment relations, while acquiring a sound knowledge of the main elements of both subjects.

Equal weighting is given to both subjects throughout the three years of the degree.

Trading Room

The Trading Room is used as part of the BSc Economics and Finance programme but is open to all students, supervised by trained PhD students who will help students to become familiar with the new software. Many students on this programme become involved with the Cardiff University Investment Society which meets on Monday and Thursday evenings with opportunities to discuss current issues in financial markets, listen to guest speakers and have the opportunity to manage a global macro investment portfolio.

Students are offered the opportunity to undertake the Thomson Reuters Certification qualification, an industry qualification to prove their ability in using the platform to access all the information that they need. This five-module training process involves one-to-one training and phone conferences with a Reuters representative. The Trading Room gives students the opportunity to become attractive potential graduates in the City, where the job market is becoming ever more competitive.

Year one

Four compulsory double modules, plus two compulsory single modules (per semester) and one optional double module.

Module titleModule codeCredits
Principles of Business ManagementBS153010 credits
Applied Stats & Maths in Econ & BusinessBS150120 credits
MicroeconomicsBS155120 credits
MacroeconomicsBS165220 credits
MarketingBS152820 credits
Business EnvironmentBS162910 credits

Module titleModule codeCredits
Economic HistoryBS154620 credits
People in OrganisationsBS152920 credits
Contemporary Economic IssuesBS154520 credits

Year two

Two compulsory double modules and four other double modules.

Module titleModule codeCredits
Introductory EconometricsBS257020 credits
Microeconomic TheoryBS255020 credits

Module titleModule codeCredits
Cross Cultural ManagementBS252420 credits
Marketing and StrategyBS254020 credits
Buyer BehaviourBS253520 credits
Money Banking & FinanceBS255120 credits
Macroeconomic TheoryBS254920 credits
Organisational BehaviourBS253020 credits
Managerial EconomicsBS256020 credits
Managing PeopleBS254220 credits
Performance and Financial ManagementBS251720 credits
Employment RelationsBS253420 credits

Year three

Three compulsory double modules and a choice of optional modules - you will choose from pre-selected groups.

Module titleModule codeCredits
Strategic ManagementBS354320 credits
Work and EmploymentBS353820 credits
Entrepreneurship and Small Business DevelopmentBS372720 credits
Ethics and Morality of BusinessBS372820 credits
Marketing Decision MakingBS374120 credits
Financial EconomicsBS355420 credits
International FinanceBS355520 credits
Applied Macroeconomics and FinanceBS357020 credits
Business ApplicationsBS354720 credits
Modern Business EnterpriseBS356120 credits
Macroeconomic AnalysisBS356520 credits
Microeconomic AnalysisBS356620 credits
EconometricsBS355120 credits
International Economic HistoryBS355620 credits
International TradeBS356820 credits
Labour EconomicsBS355820 credits
Economics of BankingBS357120 credits
Industrial EconomicsBS357220 credits
The Economics of DevelopmentBS357320 credits
Social WelfareBS357420 credits
The University is committed to providing a wide range of module options where possible, but please be aware that whilst every effort is made to offer choice this may be limited in certain circumstances. This is due to the fact that some modules have limited numbers of places available, which are allocated on a first-come, first-served basis, while others have minimum student numbers required before they will run, to ensure that an appropriate quality of education can be delivered; some modules require students to have already taken particular subjects, and others are core or required on the programme you are taking. Modules may also be limited due to timetable clashes, and although the University works to minimise disruption to choice, we advise you to seek advice from the relevant School on the module choices available.

Cardiff Business School's teaching is heavily informed by research and combines academic rigour with practical relevance. Our faculty consists of academics who are at the forefront of knowledge within their field. They bring the lessons from their most recent research into the classroom, giving students access to the latest information and critical business thinking.

You will find that the phrase 'learning and teaching' is commonly used in UK universities. This phrase emphasises the two-way nature of the process in which you will be taking part. You, we hope, will be doing the learning; we will be providing not only teaching, but also many other things which contribute to a good environment for learning, such as computer resources, a  well-stocked library, suitable lecture rooms, and so on.

The Business School and University will provide good quality teaching and learning resources, and will be responsive to the needs and views of you, our students. For your part, you will need to put in the necessary amount of work both during and outside formal teaching sessions, and to make good use of the facilities provided.

Methods of teaching

Most modules involve a mixture of lectures and small group teaching (classes/seminars/workshops/tutorials). 

In the lecture, the lecturer will mainly be giving an overview of an aspect of the module content (as well as giving opportunities for the student to ask questions and be reflective), while in classes and workshops you will have an opportunity to practice techniques, discuss ideas, apply concepts and consolidate your understanding in the topic

Independent study

All modules will require a considerable element of independent study alongside the formal scheduled teaching. Independent study is designed so that you can expand on the knowledge given to you during lectures, seminars and tutorials. Independent study is an important component of Higher Education because it helps you to develop the ability for enquiry and critical evaluation, which in turn leads to you developing transferable skills, helps you to learn how to respond to change and it is key to ensuring that you have sufficient understanding of the subject you are studying. The amount of independent study you are expected to undertake will increase throughout the duration of your degree as your expertise also increases.

Office hours

All academic staff in the Business School have designated office hours when they are available to meet with students and these are posted on their office doors along with their contact details. Office hours provide an important source of contact with your lecturers and enable you to ask questions you may not wish to ask in a large class setting. This time can help you to clarify anything you have been taught that is unclear or can give you advice on further reading or preparation for assignments.

Personal tutors

You will be allocated a personal tutor at the beginning of your studies. Normally, your personal tutor will teach on your own degree programme and you will keep the same personal tutor throughout your course.

Your personal tutor will be able to give you advice on academic issues, including module choice and assessment. If you encounter any problems which affect your studies, your personal tutor should always be your first point of contact; she/he will be able to put you in touch with the student support services provided by the University and the Students' Union as appropriate. It is normally the personal tutor who writes references for job applications and therefore you should keep your personal tutor informed about how you are getting on. Students are required to meet with their personal tutors at three points during the year but you are also encouraged to get in touch with them at any other point if you need help or advice.

In 2013/14, 95% of the School's graduates who were available for work reported they were in employment and/or further study within six months of graduation. Our business degrees give students a broad range of skills which are valued by a range of employers in the private and public sectors.

In addition to the University Careers Service, we have invested in our own, dedicated Careers Centre to help students find internships, job opportunities and access business industry specific advice and guidance.

Jobs

  • Accountant
  • Business Analyst
  • Economist
  • HR Manager
  • Lecturer
  • Marketing Executive
  • Production Manager
  • Stockbroker

Duration

3 Year(s)

Next intake

September 2016

Places available

Typical places available

The School admits 550 students each year to its undergraduate degree programmes

Applications received

Typical applications received

3500

Accreditations

QAA subject benchmark

QAA subject benchmark

Economics

Overview and aims of this course/programme

The overall aim of the Economics and Management Programme is to equip students with a though grounding in the concepts, principles and techniques of the core areas of both economics and management. It aims to give students a firm understanding of economic and management theory, particularly that which focuses on the efficiency, the competitive position, the organisational characteristics and the strategic objectives of the modern business enterprise. It aims to give students a firm understanding of the structure of business decision making, and an appreciation of how economic and management perspectives can improve such decision-making. It informs students of the main features of the UK industrical economy and the key developments in business and management. It develops in students the ability to apply economic and management analysis, including quantitative techniques, to problems within the business economic and to evaluate alternative policy options.

Specifically the economics component of the Economics & Management Programme aims to:

·         Equip students with a though grounding in microeconomics, quantitative analysis,  industrial society, marketing and management.

·         Provide students with an understanding of economic and management theory, particularly that which focuses on the efficiency, the competitive position, the organisational characteristics and the strategic objectives of the modern business enterprise.

·         Identify what makes the academic study of management worthwhile, whilst confronting the critique of the standard business economics approach.

·         Inform students of the main features of the UK industrial economy and the key developments in business and management practice.

·         Indicate the contribution that economic analysis can make to understanding the practical problems facing management.

·         Apply economic and management analysis, including quantitative techniques, to problems within the business economy and to evaluate alternative strategies and policy options.

What should I know about year five?

Students will be expected to attend all timetabled sessions and are also expected to engage in independent study.

Students are expected to adhere to the Cardiff University policy on Dignity at Work and Study.

How is this course/programme structured?

Economics & Management is a full-time 3 year programme of study, involving compulsory and optional modules. Students normally attain 120 credits each year and 360 in total.

Approximately half of the modules the students complete are taught by the Business School’s Economics Section, and approximately half are taught by the Business School’s Management Employmenty and Organisation (MEO)/Marketing & Strategy Sections.

The programme comes under the jurisdiction of the Economics Board of Studies. Full details of the programme structure, requirements, modules and credits are set out in the Module Catalogues.

What should I know about year four?

No specific equipment required

What should I know about year three?

Please see Learning Outcomes.

What should I know about the preliminary year?

A  Knowledge and Understanding

Core knowledge and understanding is taught and learnt through lectures, class materials and assigned reading. The reading associated with written coursework further advances this knowledge. Worksheets and classes provide the means of reinforcing knowledge and understanding. More advanced knowledge and understanding is acquired and developed by independent study, assignment & project work, library & computer based learning.

B  Intellectual Skills

Intellectual skills are acquired and applied through lectures, tutorials, class group work and exposure to relevant literature. Skills are developed progressively over the three years through class work, coursework, written work and independent study.

C  Discipline Specific, including Practical Skills

Students are encouraged to take responsibility for their own studies, and to think and work as independent learners, supported by teaching and the tutor system.

Economics discipline-specific skills are acquired and applied through lecture, tutorials, class group work an exposure to relevant literature. The different economics and management modules expose the student to a range of  methodologies and approaches.

Discipline specific-skills are developed progressively over the three years through class work, coursework, written work and independent study.

D  Transferable Skills

Transferable skills are embedded in the curriculum and developed alongside knowledge, understanding and discipline-specific skills.

What should I know about year one?

A  Knowledge and Understanding

Knowledge and understanding are assessed summatively through coursework, computer exercises, assignments and projects, class tests and examinations.

Formative assessment is provided orally in classes for class work. For coursework it is provided though general handouts and/or verbal explanation during a lecture. Individual feedback, indicating errors, strengths, weaknesses and direction for improvement is offered to each student.

B  Intellectual Skills

Intellectual skills are assessed summatively through coursework, computer exercises, assignments and projects, class tests and examinations.

Formative assessment is provided orally for class work. According to the level and the student’s individual intellectual development, feedback focuses on application, analytical skills and the development of critical abilities.

C  Discipline Specific, including Practical Skills

Economics discipline specific skills are assessed summatively through coursework, computer exercises, assignments and projects, class tests and examinations.

Formative assessment is provided orally for class work. According to the level and the student’s individual level of intellectual development, feedback will focus on analytical skills and the development of critical abilities.

Other information

Students obtain support materials either via Learning Central (Cardiff University’s Virtual Learning Environment) or from study packs specially developed for selected modules. All students are allocated a personal tutor. Additional support and advice is available where necessary from the School’s Senior Personal Tutor for Undergraduate Taught Students. 

Distinctive features

Students who gain the award will have demonstrated achievement of the following economics Learning Outcomes:

A  Knowledge and Understanding

Upon completion of the Economics & Management Degree Programme a typical student should be able to:

·         Appreciate the resource allocation problems of firms, and the problems posed by changes in their economic circumstances.

·         Be aware of key analytical and policy debates in business and management.

·         Be familiar with thee central ideas of economic and management theory.

·         Understand the contribution of various subject areas to our knowledge of business and management.

·         Have the ability to access key sources of business and management data.

·         Understand how to assess the performance of modern business firms using statistical information, case studies, government publications and academic research.

·         Be able to identify the principal policies and policy changes affecting firms and management.

·         Recognise the relevance of new ideas in business and management.

B  Intellectual Skills

Upon completion of the Economics & Management Degree Programme a typical student should be able to:

·         Apply economic theory to explain the behaviour of business markets and the operations of modern business firms.

·         Apply management theory to explain how firms adjust to changes in their economic circumstances and new ideas in organisational behaviour.

·         Critically analyse observed business and management behaviour using the available quantitative and qualitative techniques.

·         Recognise the potential for bringing together economic and management analysis to better understand business decision making and the problems of management.

·         Explain the main areas of debate in business and management, be able to evaluate the ideas, arguments and evidence.

·         Synthesise elements of economic analysis and management techniques to improve the performance of UK enterprise.

.          Elucidate key government policy debates concerning economics and management, and be able to analyse critically the operation of business, and its relationship with the government within the broader social and economic and political environment.

C  Discipline Specific, including Practical Skills

Across the various modules of the Economics & Management Degree Programme students are introduced to, acquire and are assessed on a variety of transferable economics discipline-specific skills. Upon completion of the programme a typical student should be able to:

·         Simplify complex business decision-making situations to produce analytical frameworks that facilitate both understanding and efficient problem solving.

·         Apply deductive reasoning and logical analysis to business and management problems.

·         Integrate data, factual information and quantitative analysis, in an appropriate manner, to consider business and management issues.

·         Analyse patterns of organisational behaviour to identify key variables and relationships, highlight trends, and determine the predictors, which can be used by decision makers.

·         Recognise the relevance of opportunity costs, and marginal analysis to business decision making.

·         Identify and analyse the ramifications of government and international economic policy for the development of markets and firms.

·         Understand and evaluate the role of incentives and strategic thinking in determining individual agents’ behaviour and therefore in achieving business goals.

·         Evaluate professional practice and begin to challenge established behaviour.

.          Compare and contrast different methodologies, principally economic and managerial, and begin to formulate an integrated approach to business.

How will I be taught?

The distinctive features of the Economics & Management Programme include:

·         The opportunity to study in two subject areas and therefore experience two different perspectives on business.

·         The experience of learning within two different environments, interacting with students and staff outside economics.

·         The intellectual challenge derived from exposure to critical approaches to economics.

·         The wide variety of modules and subject areas within economics and across the business school.

·         The chance to apply economic analysis to practical real world issues.

Admissions tutors

Mr Kevin Stagg, Admissions Tutor


Key Information Sets (KIS) make it easy for prospective students to compare information about full or part time undergraduate courses, and are available on the Unistats website.

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