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Undergraduate study
Business Economics (with Foundation Year)

Business Economics (with Foundation Year)
BA (Hons)

L100 BA/Econ (L104 BA/EconFY for Year 0 entry)

 
 

Course overview

This broad-based degree gives you a comprehensive understanding of business concepts and models with specialist knowledge of economics. Studying economics provides a greater awareness of, and ability to engage with, the economic, social and political world that impacts on all our lives. It is a subject that helps you to appreciate and work better within the wider environment.

Employers in both private and public sectors identify that there are insufficient numbers of graduates with strong analytical, problem-solving and decision-making capabilities. Economics is a rigorous and highly relevant subject that develops these skills in abundance. Economics graduates are very much work-ready upon graduation and the healthy starting salaries enjoyed by economics graduates is testament to this.

Professional accreditation

With dual accreditation at Teesside University, as well as the degree you receive a Level 5 Certificate in Management and Leadership from the Chartered Management Institute (CMI), which is the only chartered professional body for management and leadership. Dual accreditation means you automatically receive a second professional qualification upon successful completion of your programme. By adding this CMI qualification to your University qualification, you’re really on the road to success.

• You instantly become more employable when you receive a CMI professional qualification that is industry-recognised.
• You gain access to exclusive CMI networking events.
• You have the opportunity to attend lecturers from top level CMI industry-expert members.
• CMI’s qualifications sit on the RQF framework and are recognised by the European Credit Framework.
• CMI qualifications fast-track students into the next stage of training to become Chartered Managers.
• During your students you will become a CMI Affiliate member, giving you a host of additional benefits to support your development and employability.

 
 

Course details

Year 1 is mainly tutor-led and focuses on providing you with the necessary underpinning business knowledge and skills. You explore key business and management concepts and are introduced to your specialist area of economics.

Year 2 takes a more student-led approach with an emphasis on exploring your own interests and deepening your insights as well as having more responsibility for your own learning. During this year you develop a broader international perspective to the study of business. As well as studying core business modules, you also study three modules in the area of economics. 

The final year explores more advanced topics within business and management and you develop your awareness of your own responsibility as a future leader of business. You consider the strategic, international and applied aspects of economics and have the opportunity to put your knowledge into action by undertaking a self-managed independent project via the Dissertation module.

Course structure

Year 0 (foundation year) core modules

Academic Skills and Personal Development for Business

This module develops your academic and transferrable skills to support successful study on a business degree course. These skills include a range of personal and transferable study skills including active listening, reading and understanding academic texts, note taking, time management, written and oral communication, analytical thinking and referencing, as well as professional skills linked to employability and career aspirations.

Business Creativity Enterprise and Career Aspirations

You are introduced to the basic elements of research and develop an understanding of innovation, creativity and entrepreneurship in the context of business organisations. You gain the confidence to explore and research current topics and generate new ideas to solve problems. You will work in teams reviewing relevant literature and considering different methodologies for researching and collecting relevant data to develop a proposal for a small research project.

Collecting Understanding and Presenting Business Information

This module will introduce you to the basic elements of collecting primary and secondary business data, understanding it and then presenting it as meaningful information. It will provide you with the confidence to explore current business topics and the knowledge and skills required for the Team Research Project Utilising Digital Platforms module. You will use digital platforms such as Excel spreadsheets, Word, online survey packages and PowerPoint to facilitate collection, basic analysis and presentation of business information.

Introduction to Business Environment

This broad-ranging module provides you with an introduction to the interrelated nature of business activities and their relationships with the micro (internal) and macro (external) environments. The internal environment will introduce the key concepts surrounding marketing and human resource management (HRM). The external environment, examines the key political, economic, social, technological, and cultural issues affecting the modern firm.


Numeracy and Introduction to Finance

This module provides you with an introduction to core numerical skills and quantitative techniques that are essential to studying business in higher education. You will develop effective quantitative problem-solving skills using practical business problems and gain an appreciation of the contribution that accounting makes to the financial analysis and managerial control of business organisations.

Team Research Project Utilising Digital Platforms

This module provides an opportunity for you to work collaboratively as a team, to carry out a short piece of research using an online survey package to conduct a short survey. As part of a team, you will demonstrate your ability to apply skills of research, analysis and synthesis to present your findings and conclusions using appropriate software packages.

 

Year 1 core modules

Business Enterprise

This module will inspire you to think about entering the workplace once you have completed your studies. The module is delivered as an interactive learning experience which will enable you to develop an enterprising mind-set and help to identify some of the skills and attributes you already possess. The module content will encourage you to begin to think about your personal career aspirations, whilst addressing potential gaps linked to your knowledge, skills and experience. You will be encouraged to think in an enterprising fashion; learn new approaches to adapt and enhance your individual style. You will have the opportunity to work independently and as a member of a group by participating in personal challenges and group projects, and will learn to understand the importance of networking. Furthermore, you will have the opportunity to hear from and to question experienced external practitioners.

Business Finance

You gain an understanding of the way in which accounting is used in the external evaluation of organisations and develops the ability to use accounting and finance techniques in decision making, control, management and adding value to performance.

Introduction to Macroeconomics

Macroeconomics is a main branch of economics. You study the behaviour of an economy at aggregate level such as, the performance, structure, behaviour, and policy making of an economy as a whole. This is a core module giving you an introduction to main and essential macroeconomic principles, theories and methods of analysis. You cover output and aggregate demand, aggregate supply, business cycles, prices and inflation, unemployment, money and interest rates, monetary and fiscal policy, exchange rates and the balance of payments.

Introduction to Microeconomics

You are introduced to the principal concepts, theories and applications of microeconomics. The module covers topics such as demand, supply, markets, prices, competitive and monopoly markets, market failure and the role of microeconomic policy. There is a strong emphasis on the application of microeconomics to contemporary issues such as minimum pricing (eg alcohol, wages), taxes on sugar and carbon emissions, the control of dominant firms and the use of game theory to analyse strategic behaviour.

Quantitative Economics 1

Economics is a social science subject which adopts a natural science approach. Hence, quantitative methods (e.g. mathematics and statistics) are not just used as the research method, but the fundamental building blocks of this subject discipline. In this introductory level quantitative methods module, you review fundamental numerical skills and are introduced to essential mathematical methods for economics.

Understanding Organisations

You study some of the general principles of business management, particularly in the context of structure, culture, leadership, organisational behaviour, the business environment and the impact of these areas operationally. You are also introduced to the concept of strategic management with an emphasis on organisational resource and competency. And you consider the impact of organisational behaviour on overall business effectiveness, examining the role of the individual within the organisation and exploring motivation, perception and personal impact.

 

Year 2 core modules

Agile Management

In a world of relentless and fast paced change the most important question for any company is ‘are we agile?’ In other words are we able to deal with new situations and changes quickly and successfully. For many the answer is no. In this module you will learn how to get to yes through the greatest resource available: people. You will develop knowledge and understanding of why much of management is no longer fit for purpose (management 1.0), and how a new alternative is emerging (management 2.0) is an alternative fit for the 21st century.

International Business and Management

You develop an understanding of the main issues affecting international business in the global economy and explore topics including globalisation, trade, economic growth and development. You focus specifically on examining these topics across different cultures. As the module progresses you become able to differentiate cultural variations and the impact of cultural difference on individuals and key organisations. You also have the opportunity to study a culture of your choice in-depth.

Macroeconomic Theory and Policies

You build on your knowledge and skills obtained from Introduction to Macroeconomics module and focus on intermediate level theories. You develop and enhance your understandings of the behaviour of the economy as a whole, so you can distinguish and critically understand different theoretical models and relate these models to policy debates in the real world.

Microeconomic Theory and Applications

You examine the central concepts, theories and methods of microeconomics and apply them to a wide range of problems and real-world issues. You cover the theory of consumer and producer behaviour, market efficiency and market failure, the analysis of strategic behaviour using game theory, an introduction to general equilibrium, and microeconomic policy.

Quantitative Economics 2

You explore two components. Firstly you build on your knowledge and skills from the Quantitative Economics 1 module. You focus on intermediate level mathematical methods that can be used in contemporary economics, business economics and financial economics. You look at the use of mathematics in the conceptualisation of economic theory as well as its use as a means to solve specific problems. Secondly you focus on the essential statistical methods implemented in quantitative data analysis. This gives you the foundation required for studying Econometrics in level 6.

Research Methods

Building on prior learning within various stage 1 modules, this module develops your understanding and awareness of the principles and practicalities underpinning ethical and rigorous research. Through interactive seminar sessions with research-active academic staff, the module develops the practical skills you require for conducting a rigorous and ethical research study. The skills developed and knowledge gained will link to the stage 3 Dissertation module.

 

Final-year core modules

Contemporary Issues in Business Management

You develop an understanding of the challenges faced by organisations and explores the controversies and dilemmas of contemporary management thinking and practice. You study three key interrelated contemporary issues facing businesses - internationalisation; technological innovation and sustainability.

Dissertation

Your final year dissertation is an opportunity to do an independent piece of research, demonstrating that you know how to take a systematic approach to research, analysis and evaluation within a structured business-orientated framework. It also encourages you to reflect and critically evaluate your personal development.

Quantitative Economics 3

You explore econometrics, which is an essential tool to provide the methodology and statistical techniques to empirically test the validity of economic theories and hypotheses and to construct models to explain the evolution of the economic environment. Knowledge in econometrics is essential to understanding research work in economics. You gain useful skills for conducting sophisticated data analysis for both academic and vocational. You focus on standard econometrics methods employed for performing empirical analysis and policy evaluation.

Strategic Management and Responsible Leadership

You will gain the necessary knowledge and skills in effective strategic management and responsible leadership in the wider context of business and enterprise. The current context of the macro environment will be explored and contemporary issues will be considered by specifically relating to leading change along with leading and implementing strategy. You will identify personal leadership qualities and skills and improvement strategies which will promote change and organisational development.

Topics in Managerial Economics

 

Modules offered may vary.

 

How you learn

Modules are taught by lectures, seminars, practical workshops, work-based activities and group work. Teaching staff adopt a range of web-based technologies to deliver module content, assess, provide feedback and communicate with students.

How you are assessed

The programme is assessed through a variety of methods including assignments, examinations, group work, presentations and live practical projects.


Our Disability Services team provide an inclusive and empowering learning environment and have specialist staff to support disabled students access any additional tailored resources needed. If you have a specific learning difficulty, mental health condition, autism, sensory impairment, chronic health condition or any other disability please contact a Disability Services as early as possible.
Find out more about our disability services

Find out more about financial support
Find out more about our course related costs

 
 

Entry requirements

Entry requirements

A typical offer is 32-64 tariff points from at least two A levels (or equivalent) and GCSE grade 4 (grade C) or equivalent in English and maths.

We welcome applications from mature students without conventional entry requirements. We take into account any alternative qualifications or other experience you may have.

For additional information please see our entry requirements

International applicants can find out what qualifications they need by visiting Your Country


You can gain considerable knowledge from work, volunteering and life. Under recognition of prior learning (RPL) you may be awarded credit for this which can be credited towards the course you want to study.
Find out more about RPL

 

Employability

Career opportunities

Graduate economists possess good writing skills, strong numerical and computational skills, as well as enhanced communication and presentational skills. It’s hardly surprising that they are found in a variety of fields including insurance and actuarial work, banking and finance, sales and marketing, as well as in more traditional public sector areas of public policy and treasury functions.
We provide an environment that allows you to develop the extra practical employability characteristics that make you more attractive to employers in the job market.

Our staff use their extensive business connections to provide many and varied opportunities to engage with potential employers through fairs, guest lecture sessions, live projects and site visits. In addition we offer a series of workshops and events in the first, second and third year that ensure all students are equipped with both degree level subject knowledge plus the practical skills that employers are looking for in new graduate recruits. We also offer extensive support for students to find and secure industry-year placements which have been shown to make have significant positive impact on a student’s career prospects on graduation.

Our award-winning careers service works with regional and national employers to advertise graduate positions, in addition to providing post-graduation support for all Teesside University alumni.

Work placement

Between Year 2 and your final year, you have the opportunity to spend a year in industry on placement, or study abroad at one of our partner institutions. Alternatively you could proceed on to the final year.

 

Information for international applicants

Qualifications

International applicants - find out what qualifications you need by selecting your country below.

Select your country:

  
 

Useful information

Visit our international pages for useful information for non-UK students and applicants.

Talk to us

Talk to an international student adviser

 
 

Full-time

Entry to 2020/21 academic year

Fee for UK/EU applicants
£9,250 a year

More details about our fees

Fee for international applicants
£13,000 a year

More details about our fees for international applicants


What is included in your tuition fee?

  • Length: 4 years (including a foundation year) or 5 years (including a work placement)
  • UCAS code: L100 BA/Econ
    L104 BA/EconFY for Year 0 entry
  • Semester dates
  • Typical offer: 32-64 tariff points

Apply online (full-time) through UCAS

 

Part-time

  • Not available part-time
 
 
 
 

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Find your ideal degree course here at Teesside University and feel welcomed, supported and prepared for the career you want.

 

Choose Teesside

iPad

Are you eligible for an iPad, keyboard and £300 credit for learning resources?

 

Accommodation

Live in affordable accommodation right on-campus

 

Campus

Study in our town-centre campus with over £270m of recent investment

 

Industry ready

Benefit from work placements, live projects, accredited courses

 

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