BA (Hons) Economics

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Course Description

Overview

Discover the vital role economics plays in shaping policy in companies, institutions and governments.
This course will give you a solid knowledge of economics and a rigorous understanding of the quantitative methods economists use in their analyses. It will also enable you to apply economic principles to a wide variety of contemporary problems and use your quantitative skills in numerous
professional situations when you graduate. The opportunity to study abroad or spend a year in industry will give you valuable experience and enhance your career prospects.

Description

The Qualifications have developed the learner’s ability to:
• Receive a broad intellectual learning experience by studying economic issues within the wider political and social environment.
• Develop a critical understanding of the principles of economic theory.
• Develop the ability to apply the theories of economics to a range of decision-making problems in business.
• Equipped with a set of subject-specific and transferable skills needed to pursue a successful career.

Course Information

Course code: ECO6224
Course type: Advanced
Course fee: £23,000 per year
Course duration: 3 years
Course delivery: Campus and work placement
Location: Hertfordshire, United Kingdom

Entry Requirement

The qualification can be offered to Learners from age 18. The Learners need to ensure that they have
sufficient capability at the right level to undertake the learning and assessment.

English language requirements
The Qualifications have been designed to be accessible without artificial barriers that restrict access and progression:
• IELTS minimum 5.0- 6.5 overall with no fail.
• Minimum 3A Levels or equivalent qualification.
• Pass 5 GCSE subjects

We consider applicants:
• Who have demonstrated some ability and possess Qualifications at Level 3, for example, ‘A’ Levels or vocational awards.
• Who have spent some time in an organisational role and wish to develop their careers further.
• With professional experience looking to change careers through work-based learning.

Course Contents

• Introduction to Microeconomics
Microeconomics is concerned with the behaviour of individual firms, markets and consumers in their economic activity. Microeconomics considers choice-making within the context of a market mechanism. The module covers the nature of markets including the determinants of demand and supply and the competitive environment within industries. The role of the government in intervening in markets is also considered.

• Introduction to Macroeconomics
The module aims to provide students with an introductory grounding in the principles and concepts of macroeconomic analysis, including consideration of unemployment; inflation, money, banking, government policies in terms of taxes and interest rates, for example; and international trade. Indicative content: Basic macroeconomic models, income, expenditure approach, Theories of consumption and savings, Aggregate demand and aggregate supply, Unemployment, Inflation, Money and Banking, Fiscal and monetary policies, Introduction to open-economy macroeconomics.

• The Economics Professional
The module provides students with a series of academic skills and study strategies which will underpin their subsequent studies. The module is composed of several themes which will include communication, analytical thinking, research methods, IT-literacy and numeracy. These will allow students to effectively match problem-solving techniques to different scenarios.

• Economics Tools and Techniques
This module is an introduction to important mathematical and statistical techniques that are used in economics. The module covers, among others: basics of algebra, linear relationships in economic analysis, basic graphical analysis, simultaneous equations, differential calculus, optimisation, basics of probability theory, descriptive statistics, simple regression.

• Economy and Society
This engaging contextual module showcases the scope and power of economics in understanding many of the key issues which face society. It explores globalisation, economic development and the onward march of the market in societies such as the UK and elsewhere. The module also considers the limits of the market and economic analysis itself, in considering some ethical and moral issues in contemporary business and the economy.

• Principles of Marketing

This initial marketing module, which assumes no prior knowledge of marketing, aims to introduce students to some of the key ideas of marketing and is suitable for both marketing and non-marketing students. It examines the environment within which organisations operate and the role of marketing within the organisation so that students can understand the context within which marketing personnel work and the different activities which are carried out under the umbrella term of ‘marketing’.

Work-based learning Opportunities:

Below are examples of potential career opportunities you could explore:
• Trainee Financial Risk Analyst
• Trainee Economist
• Trainee Financial Planner
• Trainee Economic Researcher
• Trainee Investment Analyst

Progression

Learners completing this course can progress to:
• Level 7 Master in Economics

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