About the course
How can economic ideas and principles help us to understand how organisations work and industries function? What role do economic principles play in management decisions and in the analysis of strategic interactions among businesses and organisations? Unlike conventional management courses, at Essex you analyse the economics of a business or organisation and investigate how they operate and behave.
You develop your abilities in economics and gain confidence in applying them to organisational management, as well as receiving expert training in quantitative research methods. You gain a thorough understanding of how businesses function and develop your analytical, modelling and research skills through studying topics including:
- Managing people and practices
- Monopoly power and regulation
- Applying economic techniques to managing new technologies
- The impact of business decisions on products, prices, and social welfare
We are rated consistently highly for student satisfaction and are top 5 in the UK for research, with over 90% of our research rated as “world-leading” or “internationally excellent” (REF 2014).
Management economics gives you a valuable grounding in economics, with a particular focus on how companies work. We provide you with a greater understanding of the how firms operate, teaching you how resources are allocated within a company, why a company is structured in a particular way, and how these structures affect the overall economy.
This ensures that you graduate having received a strong training in management economics.
Your education extends beyond the university campus. We support you by providing the option of an additional year at no extra cost. The four-year version of our degree allows you to spend the third year studying abroad or employed on a placement, while otherwise remaining identical to the three-year course.
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. Popular destinations include:
- Bocconi Universit (Italy)
- Monash University (Australia)
- North Carolina University (USA)
- Complutense University of Madrid (Spain)
Alternatively, you can spend your third year on a placement year with an external organisation, where you learn about a particular sector, company or job role, apply your academic knowledge in a practical working environment, and receive inspiration for future career pathways. You will be responsible for finding your placement, but with support and guidance provided by both your department and our Employability and Careers Centre.
Our expert staff
Study and work alongside some of the most prominent economists.
Our researchers are at the forefront of their field and have even received MBEs, with students coming from across the globe to study, research or work with us. Our Department of Economics is a richly diverse home to staff and students from all over the world who have a strong sense of belonging and want to think, learn and change the world together.
Many of our researchers 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.
Take advantage of our extensive learning resources to assist you in your studies:
Many employers want economists with critical thinking skills who can tackle large data sets and practical problems. Our course helps you to become more employable and takes you closer to that dream job or postgraduate course when you graduate.
Our students are in demand from a wide range of employers in a host of occupations, including financial analysis, management, public administration and accountancy.
Our recent graduates have gone on to work for a wide range of high-profile companies including:
- Bank of England
- Ernst and Young
- Morgan Stanley
- Bank of New York
- RBB Economic Consulting
- Government Economic Service
We also work with the university’s Employability and Careers Centre to help you find out about further work experience, internships, placements, and voluntary opportunities.
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.
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.
What are the main sources of economic data? And how is data used in economics? Study the methods of quantitative economics, looking at how economic data is described and analysed. Learn to read, understand and manipulate data from both a theoretical and empirical perspective.
What mathematical techniques are required for a modern economics degree? Do you have the mathematical tools to attack economic problems? If you are worried that your mathematical background could hold you back, then learn the mathematical skills needed when studying problems of economic interest.
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.
Are you ready for graduate employment? Like to improve your core skills? Need to know more about the working world? Attend workshops, events and activities to build your knowledge, abilities and experience with this compulsory, zero credit module that runs during your three years of undergraduate study.
What tools can you use for macroeconomic analysis? And how can these then be applied to macro-policy issues? Learn how to build alternative macroeconomic models and apply analytical reasoning. Examine real-life macroeconomic questions, on topics such as government budgets or wage-price flexibility, and critically evaluate macroeconomic policies.
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.
What economic issues do computing firms face today? What about the pharmaceutical industry? Or telecommunication organisations? How does new technological knowledge allow these firms to keep a competitive edge? Using real-life case studies, learn how economics model-building methodology helps with the challenges of managing new technology in the modern world.
How are firms organised? What impact does this have on their environment? Or their competitive strategies? Using real-life case studies, understand the economic principles behind different organisational arrangements. Apply economic analysis to address issues about decision making within different firms.
What mathematical methods can analyse economic problems? And what mathematical tools are needed to understand economic models? Gain an introduction to the mathematical methods commonly used in economics, build your knowledge of mathematical tools for work in economics and develop your understanding of the mathematical language used in economic literature.
Which econometric methods can analyse economic data? How do you critically assess applied economic literature? Learn how to carry out statistical and econometric calculations, plus gain experience of using the Stata software package. Demonstrate your subsequent understanding of the linear regression model with your own investigation on an empirical issue.
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.
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.
Expand on the mathematical techniques you developed in Mathematical Methods in Economics. You’ll learn how to use additional mathematical tools, which will enable you to analyse a larger, richer, and more interesting set of economic models. The main focus of the course is on methods for studying dynamic economic problems. Rather than concentrating exclusively on mathematical techniques, intuition for how and why these techniques work will be developed through application to specific economic problems.
In this module you will explore a range of methods used in the modern application of econometric techniques to economic and financial data. The course will enable you to practise the relevant methods, rather than to derive estimators or tests, or to prove the theorems upon which these are based.
Gain a rich background in the concepts and techniques of game theory, its uses, limitations and issues. The course is also applied, focussing on several important cases of strategic interaction, including auctions, interactions between rival firms, moral hazard and adverse selection, and the theory of the firm. Upon completion of the course, you will be able to evaluate the impact the strategic considerations in the analysis of interactions among decision-makers, and you will have learned how to apply game theory to issues in microeconomics.
Using your existing knowledge of microeconomics, you will develop your understanding of the methods used in the study of Corporate Finance, and how they are applied to real-world situations in today’s corporate world. You will look at concepts of asset pricing, in particular the Capital Asset Pricing Model, will learn the basics of valuation techniques and their practical applications, and will explore and asses the theorems of ‘Capital Structure’. And ‘Corporate pay-out policy’.
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.
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 is arranged to allow freedom in how you organise your learning experiences
- After receiving a general overview of a topic in your two-hour weekly lecture, you discuss and solve the issues it raises in a class with 15 to 20 fellow students
- Optional support classes
- You are assessed each year through a mixture of coursework and end-of-year examinations
- The balance is set at 50% coursework and 50% exam
- For many of your second- and final-year modules, coursework takes the form of an extended essay
- Complete your final year project in consultation with a personal supervisor
If you already have your results and want to apply for 2016 entry through Clearing, complete our Clearing application form
and we’ll get back in touch with you or give us a ring
to discuss your grades.
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.
We offer individual tours of our Colchester and Southend Campuses. You’ll be shown around the campus, facilities and accommodation.
Can't get to Campus?
Don’t worry – our interactive virtual tours and videos allow you to explore our campuses, accommodation and facilities in Colchester and Southend. You can even take a look at our Colchester Campus using Google Streetview.
How to apply during Clearing
Once you’ve checked that we have the right course for you, applying couldn’t be simpler. Call our Clearing hotline to speak to someone about securing your place on a course at Essex. Have your grades and UCAS number ready and we'll do the rest.
You can also fill in our quick and easy Clearing application form with as much detail as you can. We’ll then take a look and get back to you with a decision.
We don’t interview all applicants during Clearing, however, we will only make offers for the following course after a successful interview:
The interview allows our academics to find out more about you, and in turn you’ll be able to ask us any questions you might have.
Further details will be emailed to you if you are shortlisted for interview.