Business Economics BSc Honours | Middlesex University London
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Business Economics BSc Honours

Learn about the course below
Code
L110
Start
October 2020
Duration
3 years full-time
6 years part-time
Attendance
Full-time
Part-time
Fees
£9,250 (UK/EU) *
£13,400 (INT) *
Course leader
Dr Xufei Zhang

This degree weaves academic learning into the business context internationally. You'll be exposed to applying economics into action by completing a valuable paid placement year in public, private or voluntary organisations. Upon graduation, you'll have the necessary skills and experience to develop a career in government departments, banks, risk and insurance sectors, investment and broking firms, retail and manufacturing firms, and charities.

Why study BSc Business Economics* at Middlesex University?

This course will give you the solid working knowledge of both theoretical and empirical methods that can be applied to the industry and world context of business economics.

You'll gain a strong understanding of individual and firm behaviour under uncertainty as well as price determinism and discrimination. You'll study oligopolistic pricing using games and economic experiments and you'll explore world financial markets, regulators and financial instruments.

You'll also develop your knowledge on securities analysis and investment as well as econometrics and sampling techniques, and risk and probability distributions.

You'll be enabled to develop a robust ability to use Excel, Statistical software, interpret financial data and write business reports.

Course highlights

  • Solid focus on applying knowledge into the industry context
  • Advisory board support from eminent economists and industry personnel
  • Well- founded links with the financial, governmental and voluntary organisations
  • Supported work placements and internships and also overseas study in linked universities
  • Strong tutorial expertise on behavioural and experimental economics

*Please note the course is subject to validation


Find out more

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What will you study on BSc Business Economics?

Over the duration of this course, you'll be introduced to Micro and Macro-economic theories and examine how these theories are being applied in real world situations. You'll also be trained to critically evaluate if the theories could effectively be applied to solve current real economic issues.

One of the most innovate modules of the programme, Economics of Entertainment and Sports, will give you the opportunity to apply Micro, Macro and Econometric theories to the running of one of the more lucrative industries in London.

You'll also explore essential quantitative techniques in handling and making use of data to help with running and growing businesses.

What will you gain?

As well as in-depth understanding of Business Economics, you will also gain transferable skills such as communication and computational skills.

You'll have the knowledge and understanding to design data collection tools as well as analyse and interpret the data with an aim to help improve business decisions and operations. You'll be able to critically read, write, listen, present and argue economic concepts and their applicability.

You'll gain an awareness of current economic and financial news happening and their potential impacts on businesses.

  • Year 1

    • Economics Principles (30 credits) - Compulsory

      This module will allow you to examine micro and macro-economic theories in the business environment.

    • Economics Applications (30 credits) - Compulsory

      In this module, you'll apply selected micro and macro-economic theories to the running of business in the real world.

    • Quantitative Methods for Finance (30 credits) - Compulsory

      In this module, you'll explore computational skills to help manage business finance.

    • Financial Concepts of Business (30 credits) - Compulsory

      In this module, you'll gain an understanding in interpreting financial data for businesses.

  • Year 2

    • Economics Analysis and Policy (30 credits) - Compulsory

      In this module, you'll critically assess the applicability of micro and macro-economic theories to formulating policies that would impact on businesses.

    • Trade and International Business (30 credits) - Compulsory

      This module will give you the skills to decipher how businesses can be conducted internationally though trade.

    • Banking Theory and Practice (30 credits) - Compulsory

      This module will allow you to understand how banking systems and practices originate. You'll also look at how businesses would be affected by any such changes.

    • Accounting and Finance for Business (30 credits) - Compulsory

      This module will enable you to acquire the accounting skills relevant for running, overseeing and planning for business operation and expansion.

  • Optional placement module

    • Work Placement and Work Placement Project (60 credits) - Optional

      The primary aim of these work experience modules is to provide you with flexibility to undertake a period of work experience without having to take an extra year of study.

  • Year 3

    • Applied Econometrics (30 credits) - Compulsory

      In this module, you'll get hands-on experience in designing, conducting and interpreting survey data relevant for business planning and operations.

    • Economics of Entertainment and Sports (30 credits) - Compulsory

      This module will allow you to smartly apply traditional micro and macro-economic theories to explain modern lucrative business operations in the entertainment and sports industries.

    • Business Finance (30 credits) - Compulsory

      This module will enable you to critically examine specific business financial decisions such as investment, financing and pay-out policies.

    • Monetary Policy (30 credits) - Optional

      In this module, you'll gain an understanding of how businesses would be affected by government’s changing monetary policies.

    • International Finance (30 credits) - Optional

      In this module, you'll investigate how foreign exchange risks might impact on businesses. You'll also examine possible financial risk management strategies.

    • Business Start-up (30 credits) - Optional

      This module will give you hands-on experience in designing and planning the set-up of a start-up business and evaluating all potential business challenges it might face.

    • Placement Module (60 credits) - Optional

      This module will give you the opportunity to undertake a period of work experience (min 36 weeks) that will encourage you to learn about business in general and the key drivers of business success.

    • Internship module (30 credits) - Optional

      The primary aim of this module is to provide you with the opportunity to undertake a period of work experience (minimum of 30 days) from which you'll gain a deeper understanding in how businesses are run in general.

You can find more information about this course in the programme specification. Optional modules are usually available at levels 5 and 6, although optional modules are not offered on every course. Where optional modules are available, you will be asked to make your choice during the previous academic year. If we have insufficient numbers of students interested in an optional module, or there are staffing changes which affect the teaching, it may not be offered. If an optional module will not run, we will advise you after the module selection period when numbers are confirmed, or at the earliest time that the programme team make the decision not to run the module, and help you choose an alternative module.

How is the BSc Business Economics taught?

You'll attend lectures to introduce new concepts and theories and to form the basis for discussion. Seminars and workshops are also used to reinforce the learning materials covered in lectures where you'll be given more time and opportunities to express your views and share your findings relating to the seminar works.

Assessment

You'll be assessed using a variety of methods including group and individual project or reports, written and oral presentations, bite-size revision type quizzes and end of term exams.

  1. UK & EU
  2. International
  3. How to apply
  1. UK & EU
  2. International
  3. Additional costs

How can the BSc Business Economics support your career?

This course will give you the subject knowledge as well as the transferable skills that are highly sought after by employers. Typical job roles available could be Business / Economic / Data Analyst, Director, Manager, Teacher or Administrator in private business or public bodies like the NHS.

You could also continue into further education with a master's degree.

Previous graduates have progressed into careers with such companies and organisations as:

  • J.P. Morgan Chase
  • KPMG
  • GSA Capital
  • JDS consulting firm
  • FDM group
  • Handles Banken

Professor Praveen Kujal
Head of Department

Professor Kujal is a leading researcher published widely in the field of behavioural and experimental economics. He is also an expert in industrial organisations.

Dr Michela Vecchi
Associate Professor

Dr Vecchi is a leading researcher in the field of Econometrics. She is very supportive to students and was nominated as the most inspiring teaching, Business in the student-led Teaching Awards, 2018.

Dr Christos Mavridis
Senior lecturer

Dr Mavridis is an active researcher in the field of Quantitative Economics, Trade and Growth. He will be involved in delivering our new innovative module ‘Economics of Entertainment and Sports’.

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