Undergraduate Course

BA Business Economics

Now In Clearing
BA Business Economics

Overview

The details
Business Economics
LN10
October 2021
Full-time
3 years
Colchester Campus
Economics

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 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)
  • We give you diverse employment potential and the chance to meet future employers.
  • Top 25 for Economics (The Times and Sunday Times Good University Guide 2021)
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 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 placements team.

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 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 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

Economics for Business
(30 CREDITS)

Join experts from our Department of Economics for your essential introduction to economics that business managers and leaders need to know. 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

COMPONENT 02: CORE

Introduction to Management and Marketing
(30 CREDITS)

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 on our Module Directory

COMPONENT 03: COMPULSORY WITH OPTIONS

EC114-4-FY or BE300-4-FY
(30 CREDITS)

COMPONENT 04: OPTIONAL

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

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 02: 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 03: COMPULSORY

Economics of Organisational Management
(15 CREDITS)

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

COMPONENT 04: COMPULSORY

Business Strategy
(15 CREDITS)

The business world is increasingly global, complex and fast changing. While some organisations are consistently successful over a long period of time, many fail and are forgotten forever. In theory it should become consecutively easier to imitate the strategies of winning companies and dissipate their profits. In practice, however, only a few firms become long-term leaders. In this course, you explore why that is.

View Business Strategy on our Module Directory

COMPONENT 05: OPTIONAL

Option(s) from list
(30 CREDITS)

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: CORE

Project: Economics
(30 CREDITS)

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

COMPONENT 02: COMPULSORY

Management of New Technology
(15 CREDITS)

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

COMPONENT 03: COMPULSORY

Business Ethics
(15 CREDITS)

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

COMPONENT 04: OPTIONAL

Option(s) from list
(30 CREDITS)

COMPONENT 05: OPTIONAL

Option(s) from list
(30 CREDITS)

COMPONENT 06: 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

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/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, August 14, 2021
  • Saturday, September 18, 2021
  • 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.

 

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