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BSc Accounting with Economics

Why we're great

  • This course gives you exemptions from some ACCA, ICAEW and CIMA exams
  • Our Department of Economics is ranked in the UK’s top 5 for research excellence (REF, 2014)
  • You won’t pay tuition fees during your placement or study abroad year

Course options2017-18

UCAS code: NL41
Duration: 3 years
Start month: October
Location: Colchester Campus
Based in: Essex Business School
Fee (Home/EU): £9,250
Fee (International): £13,350
Fees will increase for each academic year of study.
Home and EU fee information
International fee information

UCAS code: NL44
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: Essex Business School
Fee (Home/EU): £9,250
Fee (International): £13,350
Fees will increase for each academic year of study.
Home and EU fee information
International fee information

UCAS code: NKL1
Duration: 4 years
Start month: October
Location: Colchester Campus
Based in: Essex Business School
Fee (Home/EU): £9,250
Fee (International): £13,350
Fees will increase for each academic year of study.
Home and EU fee information
International fee information

Course enquiries

Telephone 01206 873666
Email admit@essex.ac.uk

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About the course

How can economics help us to better understand business? How do accounting theories impact today’s organisations?

On this professionally accredited course, you learn how economic theories and concepts can be applied to accounting practices to improve business performance. You acquire knowledge and practical skills in financial and management accounting and gain an understanding of how economic principles can drive changes in accounting.

You study topics including:

  • the preparation of financial statements
  • costing, budgeting and performance evaluation
  • financial and management accounting theory
  • micro and macroeconomics
  • international trade

Your first year also introduces you to marketing, management and finance to provide you with a fully-rounded business education.

This course combines expertise from Essex Business School (EBS) and the Department of Economics.

EBS is an internationally diverse place to study, ranked amongst the UK’s top 20 business schools (Chartered Association of Business Schools). We are committed to responsible business practice, so your course will explore the importance of accountability.

The Department of Economics is rated consistently highly for student satisfaction and is top five in the UK for research, with over 90% of research rated “world-leading” or “internationally excellent” (REF 2014).

This course can also be taken with an optional placement or study abroad year.

"I chose Accounting with Economics because I think these subjects will be important to the future growth and success of my country - Malaysia. The teachers are great at explaining accounting concepts and take their time when demonstrating calculations. I enjoy learning in the trading floor and gaining practical Bloomberg experience. The careers support and help with my CV have been invaluable; I gained a placement as a Finance Assistant with not-for-profit organisation Love Support Unite (LSU Ltd)."

Nur Aqilah Binti Hanisab, BSc Accounting with Economics (to be awarded 2017)

Professional accreditation

Completion of our course provides you with accreditations and exemptions from the following professional bodies:

  • The Association of Chartered Certified Accountants (ACCA)
  • The Institute of Chartered Accountants in England and Wales (ICAEW)
  • The Chartered Institute of Management Accountants (CIMA)

This means that you are able to gain a professional qualification by taking fewer exams when you graduate, giving your career a head start.

Study abroad

We enable you to study abroad for a year with the four-year version of this course and you will not pay tuition fees during this year. In all other areas, your course remains the same as the three-year BSc Accounting with Economics.

Studying abroad allows you to experience other cultures and languages, to broaden your degree socially and academically and to demonstrate to employers that you are mature, adaptable, and organised. We have exchange partners in the United States, Europe, Canada, Australia, New Zealand, Latin America, the Middle East, Hong Kong and Japan.

Placement year

Alternatively, on a placement year you gain relevant work experience within an external organisation. You do not pay tuition fees during this year and a work placement can give you a competitive edge in the graduate job market by providing you with key contacts within the industry.

The Essex Business School Placements Manager can offer bespoke support throughout the process of researching, applying and interviewing for placements. However, it is your responsibility to apply, prepare for and secure your own role. Our students have gained placements with organisations such as BMW, Samsung and Cummins.

Our expert staff

You are taught by a highly qualified, enthusiastic team of academics and practitioners with wide-ranging research interests. Their expertise ensures you learn about the issues facing today’s accountants and economists.

Essex Business School staff specialise in areas including: accounting and economic development in the public and third sectors; regulation and corporate social responsibility; finance and banking; accounting and finance in developing economies; and contemporary financial markets and their participants. You’ll often see academics, such as Professor of Accounting Prem Sikka, talking to the media about contemporary business issues.

Our economics researchers are at the forefront of their field and have even received MBEs. Many also provide consultancy services to businesses in London and other major financial centres, helping us to develop research for today's society as well as informing our teaching for the future.

Specialist facilities

Our BSc Accounting with Economics is based at our Colchester Campus.

Our landmark zero carbon Essex Business School building is set around a lush winter garden. The Eden-style dome gives the building its own micro-climate.

Our new building provides you with excellent facilities:

  • a virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • light and spacious lecture theatres
  • study pods and innovation booths for group working
  • a café with an adjacent sun terrace
  • study skills workshops

Our Colchester building is located on the Knowledge Gateway, the University’s research and technology park. Parkside Office Village is situated on the site, providing potential networking and work experience opportunities with a range of exciting businesses.

You also benefit from the learning resources available within our Department of Economics:

  • extensive software for quantitative analysis, available in computer labs across the university
  • the lively Economics Society, an active and social group where you can explore your interest in your subject with other students

Your future

In 2015, 84% of Essex Business School undergraduates and 98.6% of our international (non-UK/EU) undergraduates were in graduate level work or study within six months of graduating (DLHE 2015 leavers).

Our recent graduates enjoy rewarding careers at organisations such as:

  • AVIVA
  • PWC
  • IBM
  • Deloitte
  • EY
  • Bank of England
  • Hiscox
  • John Lewis Partnership

We understand the skills and knowledge employers want and ensure you develop them throughout your studies by including a career development module as part of your course. We give you the opportunity to take part in employability opportunities and the University’s Employability and Careers Centre provides further advice on securing work experience, internships, placements, and voluntary opportunities.

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Example structure

Studying at Essex is about discovering yourself, so your course combines compulsory and optional modules to make sure you gain key knowledge in the discipline, while having as much freedom as possible to explore your own interests. Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore to ensure your course is as relevant and up-to-date as possible your core module structure may be subject to change.

For many of our courses you’ll have a wide range of optional modules to choose from – those listed in this example structure are just a selection of those available. The opportunity to take optional modules will depend on the number of core modules within any year of the course. In many instances, the flexibility to take optional modules increases as you progress through the course.

Our Programme Specification gives more detail about the structure available to our current first-year students, including details of all optional modules.

Year 1

Discover the nature and role of accounting, discussing who uses accounting information and for what purposes. You learn about the processes used to record, summarise and present accounting data, using the computerised accounting package MyAccountingLab. You also investigate the development and role of regulation in governing accounting practice.

Discover the applications of quantitative techniques in accounting, finance and management. You explore maths revision, the time value of money, rates of change, probability and statistics, making extensive use of Excel for applying statistical techniques. You also study the financial system, instruments and markets and ideas about finance concepts and problems. The topics covered include investment companies, return and risk, and behavioural finance.

Explore the most significant issues in management theory and practice. You draw out some of the connections and disjunctures between management theory and management practice. You also consider the ethics of managing, and how to balance a business’s priorities with the organisation's wider responsibilities to society and other stakeholders.

How do consumers make decisions? Or firms conduct different market strategies? What impact does government policy have on inflation? Or unemployment? Develop your knowledge of economics in relation to a range of contemporary issues. Learn how to apply both micro and macroeconomic principles to the analysis of such problems.

This module encourages you to become an active, independent learner, with the ability to reflect on business situations and form your own opinions. We cover areas designed to help you adjust to a university business education so you can perform to your full academic and professional potential. We explore the importance of referencing, constructing a coherent argument and developing writing skills for a variety of purposes, such as academic essays, exams and reports. We develop your analytical skills, critical thinking, presentation and communication skills to help you get the most from your time at university.

This compulsory module aims to help you excel in your academic studies by introducing you to effective study techniques and tools, including the study skills support and resources available to you within Essex Business School. You receive guidance on your academic progress, as well as your personal and professional development. These sessions offer you the opportunity to meet and develop networks and connections within the School and provide key support throughout your first year by helping you to develop the skills and learning strategies needed throughout your degree.

Year 2

Extend your knowledge of financial accounting by mastering the preparation and analysis of the published financial statements of limited companies operating on their own, or within group structures. You investigate the regulation of financial reporting, the function and content of the main published statements, and problems connected with the treatment of taxation, depreciation, and specific aspects of the asset-expense distinction.

Management accounting enables you to provide three key areas of information to any business: costing, decision-making, and planning and control. In this module you focus on costing, but also see how this area overlaps with the other two, as all three areas always interact. You also develop your knowledge and understanding of management accounting and the context in which it operates.

How do consumers behave in a competitive market? And what about producers? How do various imperfections affect the outcome of decentralised markets? Study the fundamental concepts and methods in microeconomics. Understand the tools and methods of analysis for economic reasoning, and develop your critical approach to economic issues and policies.

Develop your understanding of the role of management accounting in organisational decision-making and control. You explore the uses of management accounting information in facilitating planning, control and decision making by managers.

How are financial markets organised? And what role do they play in the economy? Examine the main elements in modern finance. Study the activities of financial institutions and the main financial markets. Understand the theory and practice of financial regulation, looking at recent regulatory reforms.

This module provides an introduction to the practices and design of computerised accounting (e-accounting). Laboratory-based classes introduce you to a range of accounting software and provide hands-on experience of doing e-accounts. You address important issues, such as transaction processing, documentation techniques, computer fraud and information security.

This module links subject understanding to employability, ensuring you’re prepared to take advantage of graduate opportunities at the point they’re advertised. You gain an understanding of the graduate labour market and recruitment processes, as well as timelines for recruitment and interview and assessment centre techniques. You also learn about options for postgraduate study.

Final year

What does accounting do and why, and what is done in the name of accounting but might not be accounting? Does accounting enable us to talk or does it erect barriers around issues so that the debate is silenced or limited? Who should make accounting standards? Should it be the state, professional bodies or some private interests? These are some of the key issues facing producers, consumers, and regulators of corporate financial reports.

Management accounting serves the purpose of identifying, measuring and communicating economic information to permit management and workforce make informed judgements and decisions. Investigate the technical issues in cost management and performance measurement systems, and wider issues concerning the role of management accounting in shaping management structures and decisions in manufacturing and service contexts.

In this module, you evaluate contemporary developments and research in the field of management accounting, using real-life business case studies. You explore management accounting within economic, political, social and cultural contexts, exploring issues such as deregulation, globalisation and increasing customer demands. You examine strategic issues such as cost management, performance measurement and management controls and explore how organisational and technological changes are impacting the discipline both nationally and internationally.

What interests you? Design and implement your own research project, under the guidance and supervision of our world-leading academic staff. Demonstrate your knowledge of economic ideas in greater depth, building your professional research skills and developing further understanding of a topic that fascinates you.

How does a monopolist make decisions? And what impact do such decisions have? How can regulators control this behaviour? Build your understanding of monopoly industries, starting with the sources, creation and exercise of monopoly power. Critically assess the principles and practices of monopoly regulation, using real-world examples from industry.

How do firms make decisions? And how do these decisions impact on the prices you pay? What role does game theory play? Understand strategic interaction among firms, using theoretical tools to examine real-world examples. Analyse the main economic forces behind firm behaviour, adapting economic models to study particular challenges.

Placement

On a placement year you gain relevant work experience within an external business or organisation, giving you a competitive edge in the graduate job market and providing you with key contacts within the industry. The rest of your course remains identical to the three-year degree.

Year abroad

On your year abroad, you have the opportunity to experience other cultures and languages, to broaden your degree socially and academically, and to demonstrate to employers that you are mature, adaptable, and organised. The rest of your course remains identical to the three-year degree.

Teaching

  • Teaching includes a combination of lectures, seminars and computer-based lab sessions
  • Modules delivered by experts in the field as well as guest speakers
  • Contribute and interact in lectures through the use of smart technology
  • Lecture presentations and notes are uploaded online beforehand to help you prepare in advance
  • Optional support classes in Economics
  • Complete your final-year project in consultation with a personal supervisor

Assessment

  • Assessed through traditional methods of end-of-year exams and multiple choice questions in class tests and essays
  • Plus more innovative and creative assessments include laboratory work, poster presentations, real-business case problems and group presentations
  • Your first year marks do not count towards your final degree

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Qualifications

UK entry requirements

A-levels: BBB
GCSE: Mathematics C

IB: 30 points, including Standard Level Mathematics grade 4, if not taken at Higher Level. We are also happy to consider a combination of separate IB Diploma Programmes at both Higher and Standard Level. Exact offer levels will vary depending on the range of subjects being taken at higher and standard level, and the course applied for. Please contact the Undergraduate Admissions Office for more information. Please note that Maths in the IB is not required if you have already achieved GCSE Maths at grade C or above.

Entry requirements for students studying BTEC qualifications are dependent on units studied. Advice can be provided on an individual basis. The standard required is generally at Distinction level.

International and EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Email admit@essex.ac.uk for further details about the qualifications we accept. Include information in your email about the high school qualifications you have already completed or are currently taking.

IELTS entry requirements

English language requirements for applicants whose first language is not English: IELTS 6.0 overall. (Different requirements apply for second year entry.)

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels required. Please note that date restrictions may apply to some English language qualifications

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Visit us

Open days

Our Colchester Campus events are a great way to find out more about studying at Essex. In 2017 we have three undergraduate Open Days (in June, September and October). These events enable you to discover what our Colchester Campus has to offer. You have the chance to:

  • tour our campus and accommodation
  • find out answers to your questions about our courses, student finance, graduate employability, student support and more
  • meet our students and staff

Check out our Visit Us pages to find out more information about booking onto one of our events. And if the dates aren’t suitable for you, feel free to get in touch by emailing tours@essex.ac.uk and we’ll arrange an individual campus tour for you.

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tour allows you to explore the Colchester Campus from the comfort of your home. Check out our accommodation options, facilities and social spaces.

Exhibitions

Our staff travel the world to speak to people about the courses on offer at Essex. Take a look at our list of exhibition dates to see if we’ll be near you in the future.

Applying

Applications for our full-time undergraduate courses should be made through the Universities and Colleges Admissions Service (UCAS). Applications are online at: www.ucas.com. Full details on this process can be obtained from the UCAS website in the how to apply section.

Our UK students, and some of our EU and international students, who are still at school or college, can apply through their school. Your school will be able to check and then submit your completed application to UCAS. Our other international applicants (EU or worldwide) or independent applicants in the UK can also apply online through UCAS Apply.

The UCAS code for our University of Essex is ESSEX E70. The individual campus codes for our Loughton and Southend Campuses are ‘L’ and ‘S’ respectively.

Visit days and interviews

Resident in the UK? If your application is successful, we will invite you to attend one of our visit days. These run from January to April and give you the chance to explore the campus, meet our students and really get a feel for life as an Essex student.

Some of our courses also hold interviews and if you’re invited to one, this will take place during your visit day. Don’t panic, they’re nothing to worry about and it’s a great way for us to find out more about you and for you to find out more about the course. Some of our interviews are one-to-one with an academic, others are group activities, but we’ll send you all the information you need beforehand.

If you’re outside the UK and are planning a trip, feel free to email visit@essex.ac.uk so we can help you plan a visit to the University.

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The University makes every effort to ensure that this information on its course finder is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep prospective students informed appropriately by updating our programme specifications.

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