The information on this page relates to September 2016 entry. For 2017 information, including grade requirements, please check our prospectus.
In choosing to study the Business Economics Degree (L113) at Aberystwyth University you will be part of a department that makes world-leading contributions to research and practice, and which has excellent partnerships with companies in business, industry and commerce. You will be taught by industry-leading lecturers who will help you gain in-depth knowledge of economic principles that are relevant to business and finance, offering an excellent set of skills for when you graduate. Focusing on real business decision-making tools, rather than on abstract mathematical formulae, the Business Economics Degree will equip you with a coherent understanding of economics as an impact assessment tool in the commercial environment. The Business Economics Degree will enable you to develop a coherent understanding of economics as an analytical assessment tool, and develop the professional skills to apply both microeconomics and macroeconomics in context. Expand the sections below to discover more...
Why study Business Economics at Aberystwyth?
The School of Management and Business has an excellent reputation for the quality of its courses and for the success of its graduates across a wide variety of careers and contexts. Our lecturers are actively engaged in academic and policy-oriented research and consulting. Many have a business, as well as an academic, background allowing us to inform you of the latest developments in your subject area and pass on a practical awareness of the contemporary business environment. Our programmes are supported by visiting speakers who also bring their professional expertise to the classroom.
Teaching in the School of Management and Business is underpinned by research. Our academic staff publish their work in leading academic journals and regularly act as consultants to a range of organizations. We have significant strengths in areas such as entrepreneurship, human resource management, international business and operations and supply chain management. In the most recent Research Excellence Framework (2014) assessment the university was placed in the top 50 institutions for research power and intensity. It submitted 77% of eligible staff and 95% of the university's research was of an internationally recognised standard.
As well as being active researchers, our lecturers have a professional economics background, so that by applying their real-world knowledge to theoretical concepts, your learning experience is firmly located in the context of proper professional practice. We also believe strongly in a teaching model which requires active student involvement rather than passive information-gathering, ensuring that you can meet the demands of potential employers on graduation.
100% of our 2014 School of Management and Business graduates were in employment or further study 6 months after graduating (DLHE 2014). This reflects our investment in innovative and strategic, student-focused employability initiatives which encompass all our academic institutes and which we firmly believe are likely to improve our employability ratings still further.
The 2015 National Student Satisfaction survey results show significant improvement in many areas of our students' satisfaction. Students on courses in the School of Management and Business have reported high levels of satisfaction with the quality of teaching they received and with the learning resources to which they have access.
We have arrangements with many partner universities overseas to deliver short academic programmes (2 weeks) to small groups of management and business students (on a self-funding basis), to enable you to experience the impact of the cultural environment when conducting business abroad. We currently have partner universities in India, China, Russia, Japan, the United Arab Emirates and Brazil and our portfolio of countries is rapidly expanding.
Students at the Aberystwyth University School of Management and Business are taught by lecturers and other teaching staff who are active researchers and expert practitioners in their chosen subject area.
Over 75% of full time members of teaching staff are qualified to PhD level. Most are currently research active, meaning that students benefit from being taught ‘new’ knowledge in their chosen field of study as well as recognized literature. The School also employs part-time and full time staff devoted purely to teaching. Many part-time staff combine teaching duties with consultancy and business activities, ensuring that students have access not only to up to date research but the latest applied knowledge.
Please note: The modules listed below are those currently intended for delivery during the next academic year and may be subject to change. They are included here to give an indication of how the course is structured.
Year 1 Core (90 Credits) You must pass a minimum of 100 credits overall to proceed to Part 2
Quantitative Skills And Methods AC12200
Economic Principles And Skills 1 EC10120
Economic Policy EC12500
Introduction To Financial Management AC10710
Quantitative Skills And Methods AC12220
Economic Principles And Skills 2 EC10320
Economic Policy EC12520
Year 1 Options You must take 30 credits from the list below (if you intend taking MM19120, you must also take MM19010):
Marketing Principles MM10120
Introduction To Management MM11000
Managing Finance MM11400
Tourism Principles And Impacts MM19010
Year 2 Core (60 Credits) You must pass a minimum of 100 credits to proceed to year 3.
Intermediate Microeconomics; Consumers And Producers EC30220
Macroeconomic Behaviour And Systems EC30320
Economics Of Labour And Industrial Relations EC31320
Year 2 Options You must take 60 credits from the list below:
Corporate Finance And Financial Markets AC30500
European And International Monetary Systems EC32120
International Trade And Trade Policy EC33120
Final Year Core (40 Credits) You must take
Final Year Options This CORE MODULE is offered bilingually: choose your preferred language
Final Year Options You must take 60 credits from the list below:
Investments And Financial Instruments AC30400
Advanced Topics In Macroeconomics EC31120
European And International Monetary Systems EC32120
International Trade And Trade Policy EC33120
A degree in Business Economics is highly rated by employers and on average attracts particularly high levels of graduate salaries. Specialist career pathways include chartered accountant, chartered certified accountant, chartered management accountant, chartered public finance accountant or economist. Other options include investment analyst, financial risk analyst and actuary, or areas within the Civil Service, Diplomatic Service or local government.
Studying for a degree in Business Economics will equip you with a range of transferable skills which are highly valued by employers. These include:
• enhanced numerical skills
• the ability to research, interpret and analyse business and financial data
• the ability to express ideas and communicate information in a clear and structured manner, in both written and oral form
• effective problem-solving
• analytical and creative thinking skills
• the ability to work independently
• time-management and organisational skills, including the ability to meet deadlines
• self-motivation and self-reliance
• team-working, with the ability to discuss concepts in groups, accommodating different ideas and reaching agreement
In addition you will gain:
• an understanding of organisational behaviour and structure
• an appreciation of the causes and effects of economic and other external changes
Year in Employment scheme (YES)
The University operates a Year in Employment Scheme (YES), which offers you a fantastic opportunity to take a year out between your second and third year to work in an organisation in the UK or overseas. YES provides a very rewarding and worthwhile experience, both personally and professionally, and can help you to stand out from the crowd in a very competitive job market. The University’s Career Service will help you to explore your options and secure a suitable work placement.
GO Wales is administered by the University’s Career Service, working with local businesses to create paid work placements of a few weeks’ duration for students. It gives you the opportunity to gain valuable work experience which will enhance your CV and make you more attractive to potential employers.
What will I learn?
In the first year you will develop an understanding of the economic principles which will underpin your study throughout the three years of your degree. Modules in economic mathematics and statistics, and economic principles and skills provide you with a range of fundamental aptitudes which will enable you to reach your full potential throughout the three years of your degree and beyond. No prior knowledge of economics is assumed or is necessary.
In the second year you will have the opportunity to apply the economic principles learned in your first year to an understanding of large economics systems and the role of consumer choice. You will develop your understanding of economic interpretation, combining the study of applied and theoretical aspects of the subject in core modules on macroeconomics, microeconomics and the economics of labour and industrial relations. Elective modules will enable you to focus on the areas of most interest to you.
In the third year you will investigate business strategy, industrial organisation and policy, and organisational behaviour. You will build on your core understanding of microeconomics and macroeconomics, while sharpening your skills through consideration of particular applications of economic theory. You will develop a deeper understanding of the latest research in economics in areas of particular interest to you through a range of optional advanced economics topics.
How will I be taught?
Core material is delivered through lectures, and reinforced by small-group seminars and tutorials. These will help you to deepen your understanding of the subject matter and develop a range of essential, transferable skills. Group-working and delivering presentations will help you to improve your communication and leadership skills. All modules are backed up by electronic resources to help you study beyond the classroom, and a wealth of printed texts is available in the University library, and the National Library of Wales, which is situated next to the main campus.
You will be assessed by a variety of methods, including examinations, assessed essays, reports, projects and presentations. Coursework will develop your capacity to research, analyse and present data clearly and coherently, while seminars will help you hone your presentation and communication skills.
You will be assigned a personal tutor throughout your degree course, who will help you with any problems or queries, whether these are academic-related or personal issues. You should feel free to contact them at any time for help and advice.
You will also have the opportunity to complete a Personal Development Plan (PDP) at Aberystwyth. This is a structured process of self-appraisal, reflection, and planning, which will enable you to chart your personal, academic and professional development throughout your time at university. By recording your academic performance, and highlighting the skills you already have and those you will need for future employability, the PDP portfolio will equip you with the necessary tools to plan effectively, develop successful approaches to study, and consider your future career options and aspirations.
Business Economics and the study thereof, provides a student not only with an in-depth understanding of both micro and macroeconomic principles, but combines other essential core elements relevant to the understanding of both modern, postmodern, and current international global economic issues. Through the use of additional elements of the social sciences framework, which include psychological, sociological, and ethical teachings, a student will gain a firm, and coherent understanding of both the socioeconomic, and economic issues affecting modern economic institutions, as well as the ability to apply both theoretical and logical solutions to the issues faced by ever increasingly globally connected economies. Paul Michael Simpson