2020 applicants
Undergraduate Course

Integrated Master in Economics: Management Economics

Now In Clearing
Integrated Master in Economics: Management Economics

Overview

The details
Management Economics
L133
October 2020
Full-time
4 years
Colchester Campus
Economics

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 will develop your abilities in economics up to post-graduate level and will gain confidence in applying them to economics and organisational management. You will gain a thorough understanding of how businesses function and develop your analytical, modelling and research skills through studying topics including:

  • Managing people and practices
  • Marketing
  • Monopoly power and regulation
  • Applying economic techniques to managing new technologies
  • The impact of business decisions on products, prices, and social welfare

Our MEcon Management Economics trains you to use economics in managerial decisions and in the analysing of strategic interaction among firms. We combine theory and applications to provide you with a unique combination of business knowledge and economic skills.

Why we're great.
  • We are Top 5 in the UK for our research excellence - you can learn from the best. (REF 2014)
  • Economics at Essex is ranked 9th in the UK for overall student satisfaction (NSS 2020).
  • We give you diverse employment potential and the chance to meet future employers
THE Awards 2018 - Winner University of the Year

Study abroad

Your education extends beyond the university campus. We support you in expanding your education through offering the opportunity to spend a year or a term studying abroad at one of our partner universities. The five-year version of our degree allows you to spend the third year abroad or employed on a placement abroad, while otherwise remaining identical to the four-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.

For students who commence their course in 2020, if you spend a full year abroad you’ll pay no tuition fees to Essex for that year. You won't pay any tuition fees to your host university either.

Placement year

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.

If you complete a placement year you'll only pay 20% of your usual tuition fee to Essex for that year.

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.

Specialist facilities

Take advantage of our extensive learning resources to assist you in your studies:

  • Extensive software for quantitative analysis is available in all computer labs across the university
  • Access a variety of economics databases and multiple copies of textbooks and e-books in the Albert Sloman Library
  • A comprehensive online learning environment (moodle) for each module
  • A top class computer Lab (ESSEXLab) to run economic research experiments

Your future

  • Bank of England
  • Barclays Capital
  • Citigroup
  • Deloitte
  • Ernst and Young
  • Morgan Stanley
  • Bank of New York
  • Santander

We also work with the University’s Student Development Team to help you find out about further work experience, internships, placements, and voluntary opportunities.

Entry requirements

Clearing entry requirements

Specific entry requirements for this course in Clearing are not published here but for most of our degree courses you will need to hold a Level 3 qualification. If you are interested in applying and have already received your results, use our Clearing application form to apply for 2020 entry and find out if you are eligible. You will be asked to provide details of your qualifications and grades.

Structure

Example structure

We offer a flexible course structure with a mixture of compulsory and optional modules chosen from lists. Below is just one example structure from the current academic year of a combination of modules you could take. Your course structure could differ based on the modules you choose.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field, therefore all modules listed are subject to change. To view the compulsory modules and full list of optional modules currently on offer, please view the programme specification via the link below.

Introduction to Economics

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.

View Introduction to Economics on our Module Directory

Introduction to Quantitative Economics (optional)

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.

View Introduction to Quantitative Economics (optional) on our Module Directory

Methods of Economic Analysis (optional)

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.

View Methods of Economic Analysis (optional) on our Module Directory

Introduction to Management and Marketing (optional)

When studying management and marketing you’ll often find out that it is all about people. An organisation isn’t made up of buildings and equipment, but of individual people. In this introductory module you’ll consider a wide variety of important management issues, and in line with our Essex beliefs, you’ll consider ethical implications and the responsibilities which organsiations have to society and other stakeholders. You’ll also begin to consider how there may be significant gaps between management theory and real life.

View Introduction to Management and Marketing (optional) on our Module Directory

Macroeconomics (Intermediate)

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.

View Macroeconomics (Intermediate) on our Module Directory

Microeconomics (Intermediate)

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.

View Microeconomics (Intermediate) on our Module Directory

Mathematical Methods in Economics

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.

View Mathematical Methods in Economics on our Module Directory

Introduction to Econometric Methods

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.

View Introduction to Econometric Methods on our Module Directory

Management of New Technology

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.

View Management of New Technology on our Module Directory

Economics of Organisational Management

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.

View Economics of Organisational Management on our Module Directory

Market Structure and Strategic Behaviour

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.

View Market Structure and Strategic Behaviour on our Module Directory

Project: Economics

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.

View Project: Economics on our Module Directory

Career Skills in Economics

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.

View Career Skills in Economics on our Module Directory

Economics of the European Union (optional)

What are the important policy problems facing the European Union today? Issues like trade, unemployment, monetary policy? And how can you apply economic theory to these concerns? Gain an insight into the complex and fascinating process of economic integration within the European Union.

View Economics of the European Union (optional) on our Module Directory

The Economic Geography of Employment, Innovation and Trade (optional)

What shapes international trade? And what determines trade policy? Study theories and empirical evidence of international trade, and examine recent research on trade patterns and strategic trade policies. Understand discussions of international trade in the business press and express your own opinion on such issues.

View The Economic Geography of Employment, Innovation and Trade (optional) on our Module Directory

Economics of Financial Markets and Intermediation (optional)

How do you apply economic reasoning to the markets for bonds, futures contracts and financial options? Study the distinctive characteristics of bonds as financial assets. Gain an understanding of derivatives markets, focusing on futures and options. Explore theories of financial intermediation and learn to evaluate models of price determination.

View Economics of Financial Markets and Intermediation (optional) on our Module Directory

Introduction to Health Economics and Policy (optional)

Why does the government play such an important role in the health care sector? How does the patients’ lack of information affect medical prices? Can we use economics modules to understand the rationale for risky behaviours, such as smoking? These are some of the questions you will try to answer during this module, building on your insights of microeconomic theory, and covering a broad range of concepts, theories, and topics related to the economics of healthcare.

View Introduction to Health Economics and Policy (optional) on our Module Directory

Labour Economics (optional)

How have labour markets changed over time? Why is there an increased inequality of wages? In this module, you will investigate the determination of labour market outcomes, and discuss why and how differences across individuals occur. Using practical examples throughout, you will develop vital analytical tools needed to understand wage and employment foundation and trends, and will discuss what makes the labour market so important.

View Labour Economics (optional) on our Module Directory

Mathematical Methods

What mathematical concepts are vital to understanding modern economic theory? Gain the essential mathematics skills needed to study economics at Masters-level, such as optimisation theory and the role of equilibrium. Understand how economic arguments work and improve your problem solving skills by using real-world economic problems.

View Mathematical Methods on our Module Directory

Microeconomics

What are the concepts and methods of modern microeconomics? And how can you apply economic reasoning to this? Understand the main principles and theories of modern microeconomics, looking at topics like contract theory, equilibrium concepts in game theory, and market signalling. Learn to apply economic reasoning to these arguments.

View Microeconomics on our Module Directory

Theory of Industrial Organisation

How do firms interact? What impact does this have on products that are available to you? Or the price that you pay? Understand current thinking on industrial organisation, with a focus on competition policy, regulation and business strategy. Apply analytical models of firm behaviour and strategic interaction to real-life situations.

View Theory of Industrial Organisation on our Module Directory

Economics of Incentives

What compensation should CEOs get? How can you motivate team performance? What impact does an altruistic manager make? Study real-world issues like policymaking, finance and management using economic models from contract theory, incentive theory, and the theory of the firm.

View Economics of Incentives on our Module Directory

Political Economy (optional)

What makes societies choose different taxation systems? What drives the selection of politician in society? And how does selection impact on the choice of policies? Study the application of economic methods to understanding the political phenomenon that impact on the choice of different economic policies.

View Political Economy (optional) on our Module Directory

Teaching

  • 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

Assessment

  • 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

Fees and funding

Home/EU fee

£9,250

International fee

£16,860

Fees will increase for each academic year of study.

Home and EU fee information

International fee information

What's next

Open Days

Our events are a great way to find out more about studying at Essex. We run a number of Open Days throughout the year which enable you to discover what our 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 book a campus tour here.

How to apply during Clearing

Once you’ve checked that we have the right course for you, applying couldn’t be simpler. 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. There’s no need to call us to apply; just do it all online.

Find out more about Clearing

Interviews

We don’t interview all applicants during Clearing, however, we will only make offers for the following course after a successful interview:

  • BA Multimedia Journalism
  • BSc Nursing (Adult)
  • BSc Nursing (Mental Health)
  • BA Social Work

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.


Apply now
Colchester Campus

Visit Colchester Campus

Home to 15,000 students from more than 130 countries, our Colchester Campus is the largest of our three sites, making us one of the most internationally diverse campuses on the planet - we like to think of ourselves as the world in one place.

The Campus is set within 200 acres of beautiful parkland, located two miles from the historic town centre of Colchester – England's oldest recorded town. Our Colchester Campus is also easily reached from London and Stansted Airport in under one hour.

 

Virtual tours

If you live too far away to come to Essex (or have a busy lifestyle), no problem. Our 360 degree virtual tours allows you to explore our University from the comfort of your home. Check out our Colchester virtual tour and Southend virtual tour to see 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.

At Essex we pride ourselves on being a welcoming and inclusive student community. We offer a wide range of support to individuals and groups of student members who may have specific requirements, interests or responsibilities.


Find out more

The University makes every effort to ensure that this information on its programme specification 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, but are not limited to: strikes, other industrial action, staff illness, severe weather, fire, civil commotion, riot, invasion, terrorist attack or threat of terrorist attack (whether declared or not), natural disaster, restrictions imposed by government or public authorities, epidemic or pandemic disease, failure of public utilities or transport systems or the 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 students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

Related courses

Ask us a question
Ask us a question

Want to quiz us about your course? Got a question that just needs answering? Get in touch and we’ll do our best to email you back shortly.