Undergraduate Course

BA Business Economics

BA Business Economics

Overview

The details
Business Economics
LN10
October 2018
Full-time
3 years
Colchester Campus
Economics

Please note that this course is still subject to approval.

Take the first steps to a successful career. Build your knowledge across the broad area of economics. Develop an enhanced understanding of the business world. Our BA Business Economics provides you with the theoretical and practical skills you need to understand and implement economic decisions made by businesses, managers and financial specialists.

This course is collaboration between our Department of Economics and Essex Business School, allowing you to gain an overview of economics that is relevant to business and introducing you to a wide range of skills within economics, management and organisations and finance.

You explore a wide range of topics across both departments, including:

  • Microeconomics and macroeconomics
  • Modern economics for the world of business
  • Ethics in business
  • Business strategy

Our Department of Economics is consistently rated highly for student satisfaction (NSS) and are top 5 in the UK for research, with over 90% of our research rated as “world-leading” or “internationally excellent” (REF 2014). Your education is inspired and informed by this pioneering research, so that you graduate with a strong training in economics.

This course is jointly taught by Essex Business School, ranked in the UK’s top 25 for research excellence (REF 2014). They champion responsible management and ethical business practices whilst giving you the tools for a successful career in business.

Why we're great.
  • We are Top 5 in the UK for social science research (REF 2014)
  • Our students are extremely happy – we receive consistently high student satisfaction scores
  • We are ranked Top 25 in the UK for Economics (TGUG 2018)

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 four-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 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.

If you spend a full year abroad you'll only pay 15% of your usual tuition fee to Essex for that year. You won't pay any tuition fees to your host university

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 and computer scientists.

Our economics 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.

Within Essex Business School, our highly qualified and enthusiastic team blend strong academic backgrounds with industry experience. Our academics have a wide-range of research interests. Their teaching is informed by research to ensure your education is always up-to-date with the fast-changing world of business.

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 state-of-the-art trading floor with Bloomberg Financial Market Labs, giving you hands-on experience of dealing in stocks and securities
  • modern lecture theatres
  • study pods and innovation booths for group working
  • networking opportunities with visiting businesses

Your future

Many employers want economists with critical thinking skills and business knowledge, who can tackle large data sets, understand the impact of economics on business and find a solution to real world 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, accountancy, management and marketing.

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

    Bank of England
  • AVIVA
  • Citigroup
  • Deloitte
  • Ernst and Young
  • Morgan Stanley
  • John Lewis
  • Santander

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.

Entry requirements

UK entry requirements

A-levels: BBB
GCSE: Mathematics C/4

IB: 30 points, including Standard Level Mathematics or Maths Studies 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. Please note that Maths in the IB is not required if you have already achieved GCSE Maths at grade C/4 or above or 4 in IB Middle Years Maths.

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.

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 & EU entry requirements

We accept a wide range of qualifications from applicants studying in the EU and other countries. Get in touch with any questions you may have about the qualifications we accept. Remember to tell us about the qualifications you have already completed or are currently taking.

Sorry, the entry requirements for the country that you have selected are not available here.Please select your country page where you'll find this information.

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

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.

Economics for Business

How are firms organised? What are the economic implications of this? And how does it affect the markets in which they operate? Develop an understanding of the central concepts of economics, then learn how to apply these principles to economic problems.

View Economics for Business 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

Introduction to Management and Marketing

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.

View Introduction to Management and Marketing on our Module Directory

Introduction to Economics (optional)

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 (optional) on our Module Directory

The World Economy in Historical Perspective (optional)

Why did industrialisation first occur in Europe, not China or India? How did economic growth lead to the Industrial Revolution? What impact did two world wars have on the global economy? Explore the process of economic change and development from the sixteenth-century to the present day.

View The World Economy in Historical Perspective (optional) 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

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

Financial Instruments and Capital Markets

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

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

International Financial Institutions and Policy (optional)

Want to know more about the IMF or the Federal Reserve? Interested in the European Central Bank and the European Stability Mechanism? Examine these international financial institutions to evaluate their existence, policies and effects on the international monetary system. Understand the institutional framework within which international financial relations are organised.

View International Financial Institutions and Policy (optional) on our Module Directory

Economics of Corporate Finance (optional)

What role do central banks play in supervising the financial sector? How are monetary policies developed and formulated? Gain an overview of financial systems, including commercial banking. Examine financial innovations, with emphasis on developments since the 1980s, and learn how financial intermediaries function in our changing world.

View Economics of Corporate Finance (optional) on our Module Directory

Financial Intermediaries, Instruments and Markets (optional)

At the heart of all modern economies lies a sophisticated network of financial intermediaries whose primary function is the collection of savings from households and their subsequent allocation to organizations that need this financing. About these financial intermediaries we ask (1) who are they? (2) what do they do? (3) why do they exist?

View Financial Intermediaries, Instruments and Markets (optional) on our Module Directory

Organisational Behaviour (optional)

This module builds on your understanding of management, work and organisation, exploring how these concepts have evolved over time and how they are understood now. You look at how management theory relates to organisational practice, examine the social dynamics underpinning the field of organisation studies and analyse some of the most important themes affecting management today.

View Organisational Behaviour (optional) 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

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

Business Ethics

This module builds on your understanding of management and organisation by considering the ethics of business activity. You are introduced to the origins, practice and theory of business ethics and corporate social responsibility (CSR). You consider a range of perspectives and use business literature to critically examine organisational ethics and analyse its constraints.

View Business Ethics 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

Strategies of Economic Development (optional)

This module examines the distinctive features of less developed economies and introduces you to the literature that attempts to explain the persistence of poverty in those economies. We start with a historical analysis of the growth process to examine why there has been a divergence in the performances between the developed and the developing countries. The module will then elaborate on the role of institutions and incentives in shaping long run economic development. In particular, we shall examine the role of market imperfections, non-market institutions (such as social norms) and governance institutions.

View Strategies of Economic Development (optional) on our Module Directory

Public Economics (optional)

Analyse the economics rationale for ‘collective choice’ in a market economy in this applied module. Explore social welfare, equity and efficiency, and evaluate the government’s ability to identify and achieve ‘better’ outcomes. By analysing actual programmes in areas of poverty reduction, education, and health, you will be able to apply your knowledge of broad empirical patterns and institutions to real-life situations in the UK and abroad.

View Public Economics (optional) on our Module Directory

Financial Markets and Monetary Policy (optional)

Explore the links between money, financial intermediaries, financial markets and the policies that affect them. In particular, you examine the effects of monetary policy on financial markets and on the economy as a whole. Gain an understanding of how interest rates, money supply and central bank actions affect the decisions of economic agents, financial markets and prices.

View Financial Markets and Monetary Policy (optional) on our Module Directory

Applying E-Commerce in Business (optional)

This module evaluates the opportunities and challenges of conducting businesses online. You develop your critical and analytical skills by exploring key concepts in ecommerce and electronic business and examining their effects on society and the economy. Topics include e-business infrastructure, online revenue, payment systems, digital marketing and online security. You also debate the ethical, moral and legal issues of trading online, including areas such as spatial unboundedness, ‘the digital divide’, privacy and security breaches.

View Applying E-Commerce in Business (optional) on our Module Directory

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

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

Fees and funding

Home/EU fee

£9,250

International fee

£14,020

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.

2018 Open Days (Colchester Campus)

  • Saturday, June 23, 2018
  • Saturday, September 15, 2018
  • Saturday, October 27, 2018

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.

Applicant Days and interviews

Resident in the UK? If your application is successful, we will invite you to attend one of our applicant 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 applicant 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.

Colchester Campus

Visit Colchester Campus

We want you to throw yourself in at the deep end, soak up life and make the most of those special Essex moments.

Home to over 13,000 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.

 

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.

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.

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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