Clearing 2021
Undergraduate Course

BA Financial Economics and Accounting

Now In Clearing
BA Financial Economics and Accounting

Overview

The details
Financial Economics and Accounting
L148
October 2021
Full-time
3 years
Colchester Campus
Economics

What causes 'credit crunches', and how do their effects spread throughout the economy? What determines the value of Pound Sterling relative to the US Dollar or Euro? How do stock market prices affect asset prices? Financial events are rarely far from the forefront of headline news. They have an impact that extends far beyond the financial sector to affect almost every aspect of daily life, including income, employment, prices, property value and cost of mortgages.

Our course is built on the core principles of economics and accounting, which are applied to your study of financial institutions (such as banks), financial markets (such as the stock exchange), and financial instruments.

You receive a thorough introduction to all aspects of economics and accounting, so you master skills including:

  • Quantitative research methods
  • The preparation of financial statements
  • Accounting standards
  • Costing, budgeting and performance evaluation

With a focus on accounting and the economic analysis of financial issues, you receive a strong training in economics from one of the top-rated research departments in the UK.

The Department of Economics is Top 5 in the UK for research, with over 90% of their research rated as “world-leading” or “internationally excellent” (REF 2014).

You are also taught within Essex Business School. More than two-thirds of our research is rated “world-leading” or “internationally excellent”, placing us in the Top 25 in the UK for research excellence (REF 2014).

Why we're great.
  • We are Top 5 in the UK for our research excellence - you can learn from the best.
  • 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

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. Many of our academic staff 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.

Our 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.

Specialist facilities

Take advantage of the learning resources within our Department of Economics:

You also have access to our landmark new Essex Business School building, the first zero carbon business school in the UK. Set around a lush winter garden, the Eden-style dome will give the building its own micro-climate.

Our new building provides you with a stunning new work environment, offering:

  • A virtual trading floor with Bloomberg Terminals offering direct use of Bloomberg data, information and analytics
  • A light and spacious lecture theatre, with seating for 250 students
  • Study pods and innovation booths for group working
  • Dedicated office space for student entrepreneurs
  • Networking opportunities with visiting businesses
  • A café with an adjacent sun terrace

Your future

Many jobs in the financial sector require you to have knowledge of economics, finance and financial accounting. This course gives you comprehensive training in all these areas and teaches you the essential skills for a successful career in economics, finance and/or accounting, or further academic study at postgraduate level.

Our students find themselves in demand from a wide range of employers in a host of occupations, including financial analysis, management, public administration and accountancy, as well as directly in roles using economic knowledge.

Our recent graduates have gone on to work for a wide range of high-profile companies including:

  • Bank of England
  • Barlcays
  • 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.

“I found staff in my Department very helpful, and someone was always available to help. Since leaving Essex I have trained as accountant at A4G Accountants, and many of my modules help with my day-to-day understanding of the job. My time at Essex was the best three years of my life so far.”

Kate McGarry, BSc Financial Economics

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 2021 entry and find out if you are eligible. You will be asked to provide details of your qualifications and grades.

English language requirements

English language requirements for applicants whose first language is not English: IELTS 6.0 overall. Different requirements apply for second year entry, and specified component grades are also required for applicants who require a Tier 4 visa to study in the UK.

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 listed above. Please note that date restrictions may apply to some English language qualifications

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.

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.

Structure

Course structure

We offer a flexible course structure with a mixture of core/compulsory modules, and optional modules chosen from lists.

Our research-led teaching is continually evolving to address the latest challenges and breakthroughs in the field. The course content is therefore reviewed on an annual basis to ensure our courses remain up-to-date so modules listed are subject to change.

Teaching and learning disclaimer

Following the impact of the pandemic, we made changes to our teaching and assessment to ensure our current students could continue with their studies uninterrupted and safely. These changes included courses being taught through blended delivery, normally including some face-to-face teaching, online provision, or a combination of both across the year.

The teaching and assessment methods listed show what is currently planned for 2021 entry; changes may be necessary if, by the beginning of this course, we need to adapt the way we’re delivering them due to the external environment, and to allow you to continue to receive the best education possible safely and seamlessly.

Components and modules explained

Components

Components are the blocks of study that make up your course. A component may have a set module which you must study, or a number of modules from which you can choose.

Each component has a status and carries a certain number of credits towards your qualification.

Status What this means
Core
You must take the set module for this component and you must pass. No failure can be permitted.
Core with Options
You can choose which module to study from the available options for this component but you must pass. No failure can be permitted.
Compulsory
You must take the set module for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Compulsory with Options
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.
Optional
You can choose which module to study from the available options for this component. There may be limited opportunities to continue on the course/be eligible for the qualification if you fail.

The modules that are available for you to choose for each component will depend on several factors, including which modules you have chosen for other components, which modules you have completed in previous years of your course, and which term the module is taught in.

Modules

Modules are the individual units of study for your course. Each module has its own set of learning outcomes and assessment criteria and also carries a certain number of credits.

In most cases you will study one module per component, but in some cases you may need to study more than one module. For example, a 30-credit component may comprise of either one 30-credit module, or two 15-credit modules, depending on the options available.

Modules may be taught at different times of the year and by a different department or school to the one your course is primarily based in. You can find this information from the module code. For example, the module code HR100-4-FY means:

HR 100  4  FY

The department or school the module will be taught by.

In this example, the module would be taught by the Department of History.

The module number. 

The UK academic level of the module.

A standard undergraduate course will comprise of level 4, 5 and 6 modules - increasing as you progress through the course.

A standard postgraduate taught course will comprise of level 7 modules.

A postgraduate research degree is a level 8 qualification.

The term the module will be taught in.

  • AU: Autumn term
  • SP: Spring term
  • SU: Summer term
  • FY: Full year 
  • AP: Autumn and Spring terms
  • PS: Spring and Summer terms
  • AS: Autumn and Summer terms

COMPONENT 01: CORE

Introduction to Accounting
(30 CREDITS)

Accounting has a lot to do with numbers, however it isn’t just about keeping track of money coming into and out of a firm. In this introductory module you’ll discuss the true nature and role of accounting and will consider who uses accounting information and for what purpose. You’ll also be introduced to the role of regulation in governing accounting practice. This module provides essential skills and information you need to know whether you want to become an accountant, be a manager or start your own company.

View Introduction to Accounting on our Module Directory

COMPONENT 02: CORE

Quantitative Methods and Finance
(30 CREDITS)

Throughout your career you’ll likely need to make use of a wide variety of quantitative techniques, particularly those related to accounting, finance and management. In this module you’ll revise your previous maths knowledge whilst also considering the time value of money, rates of change, probability and statistics and 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.

View Quantitative Methods and Finance on our Module Directory

COMPONENT 03: CORE

Introduction to Economics
(30 CREDITS)

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

COMPONENT 04: OPTIONAL

Social Science option(s) from list
(30 CREDITS)

COMPONENT 05: COMPULSORY

Career Skills in Economics
(0 CREDITS)

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

COMPONENT 01: COMPULSORY

Financial Reporting and Analysis
(30 CREDITS)

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.

View Financial Reporting and Analysis on our Module Directory

COMPONENT 02: COMPULSORY

Management Accounting I
(15 CREDITS)

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.

View Management Accounting I on our Module Directory

COMPONENT 03: COMPULSORY

Management Accounting II
(15 CREDITS)

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.

View Management Accounting II on our Module Directory

COMPONENT 04: COMPULSORY

Microeconomics (Intermediate)
(30 CREDITS)

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

COMPONENT 05: COMPULSORY

Financial Instruments and Capital Markets
(15 CREDITS)

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.

View Financial Instruments and Capital Markets on our Module Directory

COMPONENT 06: OPTIONAL

Option from list
(15 CREDITS)

COMPONENT 07: COMPULSORY

Career Skills in Economics
(0 CREDITS)

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

COMPONENT 01: COMPULSORY

Current Issues in Financial Reporting
(30 CREDITS)

What does accounting do and why, and what is done in the name of accounting but might <i>not</i> 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.

View Current Issues in Financial Reporting on our Module Directory

COMPONENT 02: COMPULSORY

Advanced Management Accounting
(15 CREDITS)

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.

View Advanced Management Accounting on our Module Directory

COMPONENT 03: COMPULSORY

Critical Debates in Accounting
(15 CREDITS)

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.

View Critical Debates in Accounting on our Module Directory

COMPONENT 04: COMPULSORY

Economic Analysis of Asset Prices
(15 CREDITS)

How do economic theories determine asset prices? Can you apply analytical reasoning to asset pricing problems? Understand capital markets and explore the predictability of asset price changes. Learn to build simple models of asset markets and how to interpret the mathematics of such models in economic terms.

View Economic Analysis of Asset Prices on our Module Directory

COMPONENT 05: COMPULSORY

Economics of Financial Markets and Intermediation
(15 CREDITS)

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 on our Module Directory

COMPONENT 06: COMPULSORY WITH OPTIONS

EC831-6-FY or (BE936-6-FY and option from list)
(30 CREDITS)

COMPONENT 07: COMPULSORY

Career Skills in Economics
(0 CREDITS)

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

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 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 in Economics
  • EBS modules delivered by experts in the field as well as guest speakers
  • Contribute and interact in lectures through the use of smart technology

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
  • The weighting of your Economics modules is set at 50% coursework and 50% exam
  • Complete your final year project in consultation with a personal supervisor

Fees and funding

Home/UK fee

£9,250

International fee

£17,700

EU students commencing their course in the 2021-22 academic year will be liable for the International fee.

Fees will increase for each academic year of study.

Home/UK fees and funding information

International fees and funding 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.

2021 Open Days (Colchester Campus)

  • Saturday, October 23, 2021

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

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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.

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