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Economics and Management Studies with a Professional Placement Year (BSc Econ)

Entry year


Explore economics and management through the lens of contemporary national and international socio-political challenges.

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Course overview

Organisations are constantly having to reinvent themselves, by evolving the way they operate, in a challenging economic environment.

This means graduates with the ability to put economic theory into practice, and with knowledge of modern management practices, are in high demand.

Our BScEcon Economics and Management Studies focuses on the global economy and the organisations which operate within it, from multinational corporations to social enterprises and charities. This holistic approach ensures you develop the skills to respond to the evolving needs of all businesses, irrespective of sector.

You’ll develop economics and management expertise from our team of international researchers and business practitioners. They’ll introduce you to micro and macroeconomic theory while giving you the freedom to design a course around your interests.

Your Professional Placement Year is an opportunity to put your university knowhow into practice as you take up a paid accounting or management role and complement your academic study with exposure to real-world business scenarios.

Distinctive features

  • Learn from renowned faculty with advisory and consultancy experience in public, private and third sector organisations across the world.
  • Train in our state-of-the-art Trading Room, the largest in Wales.
  • Get career-ready and build a network of contacts on your professional placement year in industry.
  • Enjoy the flexibility to master economic analysis and management techniques over the course of your degree.
  • Develop knowledge of economic theories and their practical use.
  • Use quantitative and empirical research skills to understand real-world economic issues.
  • Combine business theory and practical skills to assess the needs of contemporary business.
  • Prepare for high wage graduate careers in the public sector, business, banking, accountancy and consultancy.

Accreditations

UCAS code5Q32
Next intakeSeptember 2020
Duration4 years
ModeFull time with sandwich year

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Your year in industry, advanced analytical skills and management expertise will be in high demand for careers in the public sector, business, banking, accountancy or consultancy the world over.

Entry requirements

AAB-ABB. Please note, General Studies, Critical Thinking and Citizenship Studies will not be accepted.

Extended Project Qualification: Applicants with grade A in the EPQ will typically receive an offer one grade lower than the standard A level offer. Please note that any subject specific requirements must still be met.

The Welsh Baccalaureate Advanced Skills Challenge Certificate will be accepted in lieu of one A-Level (at the grades listed above), excluding any specified subjects.

DDD-DDM in Business only. 

IB 34-32, or 665-655 in 3 HL subjects.

Alternative qualifications may be accepted. For further information on entry requirements, see the Cardiff Business School admissions criteria pages.

GCSE

Grade C or grade 4 in GCSE English Language.

IELTS (academic)

At least 6.5 overall with a minimum of 5.5 in each subskill.

TOEFL iBT

At least 90 overall with minimum scores of 17 for writing, 17 for listening, 18 for reading and 20 for speaking.

PTE Academic

At least 62 overall with a minimum of 51 in all communicative skills.

Trinity ISE II/III

II: at least two Distinctions and two Merits.
III: at least a Pass in all components.

Other accepted qualifications

Please visit our English Language requirements page for more information on our other accepted language qualifications.

GCSE Maths grade B or 6. GCSE English Language Grade C or 4 or an accepted English Language equivalent

Tuition fees

UK and EU students (2020/21)

Tuition feeDeposit
£9,000None

Visit our tuition fee pages for the latest information.

Financial support may be available to individuals who meet certain criteria. For more information visit our funding section. Please note that these sources of financial support are limited and therefore not everyone who meets the criteria are guaranteed to receive the support.

Students from outside the EU (2020/21)

Tuition feeDeposit
£18,450None

Visit our tuition fee pages for the latest information.

Financial support may be available to individuals who meet certain criteria. For more information visit our funding section. Please note that these sources of financial support are limited and therefore not everyone who meets the criteria are guaranteed to receive the support.

Costs for sandwich years

During a sandwich year (e.g. year in industry, placement year or year abroad) a lower fee will apply. Full details can be found on our fees pages.

Additional costs

Accommodation

We have a range of residences to suit your needs and budget. Find out more on our accommodation pages.

Course structure

The Economics and Management course is a full-time four year course of study, involving both compulsory and optional modules.  You would normally attain 120 credits each year and 480 in total.

A significant proportion of the modules included in the programme are taught by the School’s Economics Section while certain modules, notably in year one, are taught by other sections of the School. 

The modules shown are an example of the typical curriculum and will be reviewed prior to the 2020/21 academic year. The final modules will be published by September 2020.

Year one

Get to grips with the fundamentals of management and mathematics and jump straight into economic analysis with modules in micro-and macro- economics.

You can discover how these analytical tools intersect with accounting, human resources, marketing and strategy challenges across our economy and business environment.

Module titleModule codeCredits
Applied Stats and Maths in Econ and BusinessBS150120 credits
Management: Theory and EvidenceBS151120 credits
MarketingBS152820 credits
MicroeconomicsBS155120 credits
MacroeconomicsBS165220 credits
Module titleModule codeCredits
Introduction to AccountingBS150320 credits
People in OrganisationsBS152920 credits
Contemporary Economic IssuesBS154520 credits
Economic HistoryBS154620 credits

Year two

Combine theory and practice as your understanding of the basics grow.

You’ll start to appreciate the theory underpinning economic analysis and practise empirical techniques used by economists to tackle contemporary management challenges.

Focus on British economics, multiculturalism or performance and financial management to complement your growing analytical skillset.

Module titleModule codeCredits
Macroeconomic TheoryBS254920 credits
Microeconomic TheoryBS255020 credits

Year three: Sandwich year

Apply your university know-how in the real world, as you embark on a salaried placement year.

This is your chance to enhance your career prospects by building a network of business contacts.

You’ll gain insights into organisations and industries with no long-term obligations, develop new skills and hone your competitive edge ready to stand-out in the graduate job market.

Module titleModule codeCredits
Professional PlacementBS4020120 credits

Year four

Bring your professional experience back to the lecture theatre and enjoy the flexibility of an entirely personalised final year.

Put your knowledge and skills to the test as you encounter real-world issues which cut across business and societal disciplines.

This is your opportunity to tailor your degree to career ambitions shaped on placement.

Module titleModule codeCredits
Contemporary Issues in Work and EmploymentBS300120 credits
Entrepreneurship and Business Start-UpsBS300320 credits
Strategic ManagementBS354320 credits
Business ApplicationsBS354720 credits
EconometricsBS355120 credits
Financial EconomicsBS355420 credits
International FinanceBS355520 credits
International Economic HistoryBS355620 credits
Labour EconomicsBS355820 credits
Modern Business EnterpriseBS356120 credits
Macroeconomic AnalysisBS356520 credits
Microeconomic AnalysisBS356620 credits
International TradeBS356820 credits
Applied Macroeconomics and FinanceBS357020 credits
Economics of BankingBS357120 credits
Industrial EconomicsBS357220 credits
Economic Statistics in Theory and PracticeBS357820 credits
Development EconomicsBS359520 credits
Ethics and Morality of BusinessBS372820 credits
Cultural MarketingBS374710 credits
Business DesignBS374810 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.

Learning and assessment

How will I be taught?

Our teaching is heavily informed by research and combines academic rigour with practical relevance. While our internationally recognised faculty consists of academics who are at the forefront of knowledge within their field. They bring the lessons learned from their most recent research into the classroom, giving you access to critical business thinking and contemporary real life examples and scenarios.

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

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

Lectures provide an overview of the key concepts and frameworks for a topic, equipping you to carry out independent research for the seminars and to develop your own ideas. Seminars provide an opportunity for you to explore the ideas outlined in the lectures. Seminars may take various formats, including plenary group discussion, small-group work and student-led presentations.

What is expected of me?

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.

Whilst on placement students are expected to comply with the School’s Code of Conduct for Placement Students as prescribed in the Professional Placement Handbook.

 

How will I be supported?

You will be allocated a personal tutor at the beginning of your studies. Normally, your personal tutor will teach on your own degree course 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 wide range of expert student support services provided by the University and the Students' Union as appropriate. It is normally your personal tutor who writes references for job applications and therefore you should keep your personal tutor informed about how you are getting on. You are required to meet with your personal tutor three points during each academic year but you are also encouraged to get in touch with them at any other point if you need help or advice.

For day-to-day information, the staff of our Undergraduate Student Hub are available, in person, by telephone or by email, from 8am to 6pm each weekday during term time to answer your questions.

You will have access through the Learning Central website to relevant multimedia material, presentations, lecture handouts, bibliographies, further links, electronic exercises and discussion circles.

The University offers a range of services including the Careers Service, the Counselling Service, the Disability and Dyslexia Service, the Student Support Service, and excellent libraries and resource centres.

Feedback

We’ll provide you with regular feedback on your work. This comes in a variety of formats including oral feedback, personalised feedback on written work, and generic written feedback.

You will be given general feedback in relation to examinations following the May/June examination period and you will be able to discuss your overall performance with your personal tutor. 

How will I be assessed?

Assessment methods vary from module to module but, across your degree scheme as a whole, you can expect a mixture of exams, coursework, essays, practical work, presentations, and individual and group projects.

What skills will I practise and develop?

As a result of engaging fully with this course, you will acquire and develop a range of valuable skills, both those which are discipline specific and more generic ‘employability skills’. These will allow you to:

  • grasp complex issues with confidence
  • ask the right questions of complex texts
  • have an imaginative appreciation of different views and options and analyse these critically
  • identify and apply relevant data
  • develop practical research skills
  • propose imaginative solutions of your own that are rooted in evidence
  • communicate clearly, concisely and persuasively in writing and speech
  • sourcing, interpreting and presenting relevant numerical information – to support the composition of projects reports and business cases
  • work to deadlines and priorities, managing a range of tasks at the same time
  • learn from constructive criticism and incorporate its insights
  • work as part of a team, developing a collaborative approach to problem-solving
  • use IT programmes and digital media, where appropriate
  • take responsibility for your own learning programme and professional development

Careers and placements

Career prospects

Ourr track record speaks for itself. 97% of our students are in employment and/or further study within six months of graduating.

Our dedicated career professionals have got you covered on things like industry placements, internships, work experience and insights.

You’ll benefit from career consultations, interview and CV writing workshops, industry-specific events and specialist psychometric assessment and broad skills training.

Placements

Students are responsible for finding their own placements, though support will be given by the School’s employability team. Students unable to secure a suitable placement will be permitted to transfer to the equivalent ‘non-placement’ programme, assuming the relevant academic requirements are met. Placements can be conducted in English or in Welsh.

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