This programme emphasises those aspects of Economics that relate to the practical application of Economics to finance, policy making and management.
BSc Hons Economics focuses on the aspects of economics that relate to the practical application of Economics today, in finance, policy making, management, organisational behaviour and consumer decisions.
This programme aims to provide students with the ability to apply economic principles and models to a wide range of issues as well as understanding the larger driving forces which shape economic and public policy.
You will develop problem solving skills and become more adept in numeracy, IT and the use of statistical methods.
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In this section
This course offers you the opportunity to study the many different ways in which society distributes scarce resources such as land, labour, raw materials, and machinery to produce goods and services.
There are two subdivisions within Economics - Microeconomics involves the study of the supply and demand decisions of individuals and organisations, such as how profits can be maximised and how much of a good or service consumers will demand at a certain price. Macroeconomics deals with the study of outcomes in the whole economy concerned with issues such as unemployment, inflation, economic growth, productivity, and investment.
Economics relies upon analytical and quantitative techniques to verify or reject theories about such behaviour. One of the most frequently used techniques is Econometrics, where statistical techniques are used to formulate models, estimate economic relationships and to develop forecasts.
As well as the core aspects, Economics can also be applied to a variety of areas and these are reflected in the range of topics that you will have the opportunity to study during the programme.
Diploma in Professional Practice DPP
Diploma in International Academic Studies DIAS
Diploma in Professional Practice International DPPI
Find out more about placement awards
Class are timetabled per semester for full-time students.
Three years full-time – BSc Hons.
Four years full-time – BSc Hons with DPP / DIAS.
The main learning and teaching methods used on this programme are lectures (including guest speakers), seminars, workshops, directed reading and independent learning, all supported with IT based resources.
Each module adopts a unique assessment strategy and this may include; computer-based
exercises, class tests, essays, oral presentations (individual and group), case studies, "live projects", debates, infographics, eportfolios, reflective diaries, innovative action planning and end of semester examinations.
The content for each course is summarised on the relevant course page, along with an overview of the modules that make up the course.
Each course is approved by the University and meets the expectations of:
As part of your course induction, you will be provided with details of the organisation and management of the course, including attendance and assessment requirements - usually in the form of a timetable. For full-time courses, the precise timetable for each semester is not confirmed until close to the start date and may be subject to some change in the early weeks as all courses settle into their planned patterns. For part-time courses which require attendance on particular days and times, an expectation of the days and periods of attendance will be included in the letter of offer. A course handbook is also made available.
Courses comprise modules for which the notional effort involved is indicated by its credit rating. Each credit point represents 10 hours of student effort. Undergraduate courses typically contain 10- or 20-credit modules (more usually 20) and postgraduate course typically 15- or 30-credit modules.
The normal study load expectation for an undergraduate full-time course of study in the standard academic year is 120 credit points. This amounts to around 36-42 hours of expected teaching and learning per week, inclusive of attendance requirements for lectures, seminars, tutorials, practical work, fieldwork or other scheduled classes, private study, and assessment. Part-time study load is the same as full-time pro-rata, with each credit point representing 10 hours of student effort.
Postgraduate Master’s courses typically comprise 180 credits, taken in three semesters when studied full-time. A Postgraduate Certificate (PGCert) comprises 60 credits and can usually be completed on a part-time basis in one year. A 120-credit Postgraduate Diploma (PGDip) can usually be completed on a part-time basis in two years.
Class contact times vary by course and type of module. Typically, for a module predominantly delivered through lectures you can expect at least 3 contact hours per week (lectures/seminars/tutorials). Laboratory classes often require a greater intensity of attendance in blocks. Some modules may combine lecture and laboratory. The precise model will depend on the course you apply for and may be subject to change from year to year for quality or enhancement reasons. Prospective students will be consulted about any significant changes.
Assessment
Assessment methods vary and are defined explicitly in each module. Assessment can be a combination of examination and coursework but may also be only one of these methods. Assessment is designed to assess your achievement of the module’s stated learning outcomes. You can expect to receive timely feedback on all coursework assessment. The precise assessment will depend on the module and may be subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.
Coursework can take many forms, for example: essay, report, seminar paper, test, presentation, dissertation, design, artefacts, portfolio, journal, group work. The precise form and combination of assessment will depend on the course you apply for and the module. Details will be made available in advance through induction, the course handbook, the module specification and the assessment timetable. The details are subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.
Normally, a module will have 4 learning outcomes, and no more than 2 items of assessment. An item of assessment can comprise more than one task. The notional workload and the equivalence across types of assessment is standardised.
Calculation of the Final Award
The class of Honours awarded in Bachelor’s degrees is usually determined by calculation of an aggregate mark based on performance across the modules at Levels 5 and 6, (which correspond to the second and third year of full-time attendance).
Level 6 modules contribute 70% of the aggregate mark and Level 5 contributes 30% to the calculation of the class of the award. Classification of integrated Master’s degrees with Honours include a Level 7 component. The calculation in this case is: 50% Level 7, 30% Level 6, 20% Level 5. At least half the Level 5 modules must be studied at the University for Level 5 to be included in the calculation of the class.
All other qualifications have an overall grade determined by results in modules from the final level of study. In Master’s degrees of more than 200 credit points the final 120 points usually determine the overall grading.
Over 80% of teaching staff hold Fellowship of Advance HE (formely the Higher Education Academy).
The University employs over 1,000 suitably qualified and experienced academic staff - 59% have PhDs in their subject field and many have professional body recognition.
Courses are taught by staff who are Professors (25%), Readers, Senior Lecturers (18%) or Lecturers (57%).
We require most academic staff to be qualified to teach in higher education: 82% hold either Postgraduate Certificates in Higher Education Practice or higher. Most academic staff (81%) are accredited fellows of the Higher Education Academy (HEA) - the university sector professional body for teaching and learning. Many academic and technical staff hold other professional body designations related to their subject or scholarly practice.
The profiles of many academic staff can be found on the University’s departmental websites and give a detailed insight into the range of staffing and expertise. The precise staffing for a course will depend on the department(s) involved and the availability and management of staff. This is subject to change annually and is confirmed in the timetable issued at the start of the course.
Occasionally, teaching may be supplemented by suitably qualified part-time staff (usually qualified researchers) and specialist guest lecturers. In these cases, all staff are inducted, mostly through our staff development programme ‘First Steps to Teaching’. In some cases, usually for provision in one of our out-centres, Recognised University Teachers are involved, supported by the University in suitable professional development for teaching.
Figures correct for academic year 2019-2020.
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Here is a guide to the subjects studied on this course.
Courses are continually reviewed to take advantage of new teaching approaches and developments in research, industry and the professions. Please be aware that modules may change for your year of entry. The exact modules available and their order may vary depending on course updates, staff availability, timetabling and student demand. Please contact the course team for the most up to date module list.
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Year: 1
Status: C
This module is intended to engage students actively and effectively at an early stage in the degree program. The focus of the module is on applying core economic theory to practical and topical issues and on enabling students to develop their ability to think critically - an important characteristic in enhancing employability. The intention is that students become 'positively disruptive' in their thinking and behaviours, and have the digital, written and verbal skills to communicate this in a professional and effective manner.
Year: 1
Status: C
This module introduces students to key concepts and models used by economists to analyse the microeconomic problems and issues characteristic of contemporary market economies. Emphasis is given to market activity and the consequences this has for different groups within society. The module will allow students to understand the need for government intervention and regulation of market forces within a market economy.
Year: 1
Status: C
This module aims to develop students' knowledge and understanding of the macroeconomic environment exploring the origin of macroeconomics critically evaluating competing theories of macroeconomic behaviour. It introduces students to the issues that Macroeconomics deals with such as the role of government in managing the economy.
Year: 1
Status: C
This module introduces students to some basic mathematical and statistical techniques, which can be applied to economic and business problems.
Year: 1
Status: C
The aim of this module is to prepare students for life at University and to prepare students for a career as an economist. This module will cover essential skills for university and work, including career options for graduates, writing for university and work, practical research skills and analytical techniques. This module will also introduce students to working with real data to analyse current economic issues. Students will also gain experience working in Microsoft Office packages particularly Excel. The practical nature of this module will form the basis of skills required for study in the second and third years and introduce applied techniques that are essential for a career as a professional economist.
Status: O
Year: 1
This module is optional
Introduction to Business Accounting provides an introduction to financial and management accounting. The background to the requirement to produce, and the purpose of preparing accounting statements is examined. The module introduces the student to the study of accounting as it impacts on business and economic activity. In particular it considers the preparation of basic financial statements for sole-traders and introduces the student to terminology used in cost determination and pricing.
Status: O
Year: 1
This module is optional
To provide students with an overview of the financial system. It seeks to develop students' understanding of financial markets, institutions and the environment within which they operate.
Year: 2
Status: C
This module further develops the mathematical and statistical techniques which can be applied to economic and business problems.
Year: 2
Status: C
This module examines the objectives and internal and external environments within which consumers and firms must operate, and studies the principle that economic decisions have to be "optimal". The principal theme of this module is the concept of decision making by market participants and the role of markets in coordinating these decisions resulting in efficient economic outcomes.
Year: 2
Status: C
This module provides an account of the structure of macroeconomic theory and of how its parts interact. It also reviews some of the thoeretical questions and controversies surrounding this structure. Finally it uses macroeconomic theory to shed light on some real world issues and problems.
Year: 2
Status: C
This module aims to engage students in their own employability development as well as raising their awareness of innovation and entrepreneurship at work. Students will examine the local, national and global labour market and look at trends to support the development of their own personal strengths and weaknesses. Through research, team-work and presentations, students will engage with local employers and entrepreneurs to audit their personal entrepreneurial potential and better understand their future career path.
Status: O
Year: 2
This module is optional
Many issues in economics can best be placed and understood in the context of the development of economic thought. The module therefore seeks to provide students with a grounding in the works of the key thinkers in economic thought since 1700 including Smith, Ricardo, Marx, Marshall, Keynes and Friedman.
Status: O
Year: 2
This module is optional
In the increasingly integrated world economy of the modern times, it is essential that students of business economics should gain an understanding of the basic principles and issues of international economics. This module will seek to provide such an understanding and an appreciation of the major trade-related issues facing both the developed and the developing world. It will also seek to enable students to acquire the skills necessary to analyse real world problems with the help of appropriate analytical tools and a sound theoretical framework. The module will be delivered in both large group and small group sessions and the assessment will be based partly on course work and partly on sessional examination.
Status: O
Year: 2
This module is optional
Regional Economics: Understanding the Northern Ireland (NI) economy module gives students the opportunity to understand the workings and the contemporary issues surrounding the NI economy. In addition the module introduces and aids students understanding of the economic policy development/making process. The module will also enhance students understanding about the behaviour and operation of the NI economy and how it impacts upon businesses and society in general.
Status: O
Year: 2
This module is optional
Industrial Economics explores the workings of markets and industries using the techniques of economic analysis, examining some of the aspects that relate to if the state should and how the state may intervene in the operation of those markets.
Status: O
Year: 2
This module is optional
This module provides students with the necessary knowledge and skills to understand the relevance & importance of functioning financial markets, develops knowledge of the global financial services industry, financial assets and investment products and to critically evaluate competing and complementary trading and investing styles.
Status: O
Year: 3
This module is optional
The Diploma in International Academic Studies provides students with the opportunity of an extended period of study outside UK and Republic of Ireland. Students develop and enhanced understanding of business and management in an international environment.
Status: O
Year: 3
This module is optional
This module provides undergraduate students with an opportunity to gain structured and professional work experience, in a work-based learning environment, as part of their planned programme of study. This experience allows students to develop, refine and reflect on their key personal and professional skills. The placement should significantly support the development of the student's employability skills, preparation for final year and enhance their employability journey.
Year: 4
Status: C
This module will enable students to apply econometric techniques to analyse economic data.
Year: 4
Status: C
This module aims to develop students' knowledge and understanding of applying microeconomics to the analysis of economic issues at an advanced level.
Year: 4
Status: C
The inability of conventional macroeconomic models to explain the events has prompted the revival of the Keynesian view of the world. This module critically evaluates a range of traditional models of macroeconomic behaviour based upon perfectly competitive behaviour in factor and output markets and sets out a range of models based upon imperfectly competitive behaviour that offer a more satisfactory explanation for a set of stylised facts of modern economic outcomes.
Status: O
Year: 4
This module is optional
The Regional Economics module gives students a different spatial perspective on the economic development process. It examines a variety of approaches to modelling regional economics and to measuring the impact of regional policies. This module offers students the opportunity to work with real data to analyse current economic issues. Students will enhance their practical IT skills within the Microsoft Office suite and develop commercially relevant techniques. These skills are in demand and will improve the employability of graduates.
Status: O
Year: 4
This module is optional
Globalisation is an inescapable part of the economic life of every nation in the modern world. An understanding of the economic principles and the empirical reality of globalization is essential for both being able to make sense of what is happening in the world and for formulating appropriate policy responses to global economic changes. This module focuses on both theory and practice of globalization, and, critically discusses relevant economic principles and policies.
Status: O
Year: 4
This module is optional
More often than not individuals have to make decisions and act without full knowledge of the environment where they operate. How this imperfect information affects the motives of sellers and buyers and economic relations more generally, is the subject of the present module. After analyzing basic concepts like property rights, contracts and transaction costs, it examines the sources of asymmetric information and its consequences on behaviour. This is followed by a presentation of the principal - agent relationship and the firm as a hierarchy and an examination of the institutions, incentive contracts and governance structures designed to resolve conflicting interests of the participating economic actors.
Status: O
Year: 4
This module is optional
This module is designed to develop skills that are in demand from professional economists in both the public and private sectors. It builds upon theoretical knowledge developed in the first 3 years and develops research, analytical, written and presentation skills. A major focus on instilling the disciplines of accuracy and checking into data and written work by emphasising the implications of mistakes and false interpretation. The module aims to increase the employability of students by equipping them with relevant knowledge and skills that are in demand from the marketplace.
Status: O
Year: 4
This module is optional
This module provides students with the opportunity to undertake a substantive individual piece of research in an area of economics.
Status: O
Year: 4
This module is optional
The module aims to provide students with a knowledge and understanding of theoretical and empirical limitations of traditional finance theory and presents the foundations of behavioural finance. Students will have the opportunity to explore the opportunities for behavioural investing and systematic trading model design and be able to evaluate different trading models.
We recognise a range of qualifications for admission to our courses. In addition to the specific entry conditions for this course you must also meet the University’s General Entrance Requirements.
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A level grades BCC if including A level Mathematics or
A level grades BBC if not completing A level Mathematics.
Overall BTEC Level 3 QCF Extended Diploma with profile DDD in a relevant subject
OR
BTEC Level 3 RQF National Extended Diploma with profile DMM in a relevant subject
You may also meet the course entry requirements with combinations of different qualifications to the same standard (provided subject requirements are met). Examples of combinations include:
A levels with BTEC Level 3 QCF Subsidiary Diploma or BTEC RQF National Extended Certificate.
A level with BTEC Level 3 QCF Diploma or BTEC Level 3 RQF National Diploma.
For further information on the entry requirements for this course please contact the administrator as listed in Contact details.
112 UCAS tariff points to include a minimum of four subjects at Higher level and one subject at Ordinary level. The overall profile must include English at minimum H6 at Higher Level or Grade O4 at Ordinary level plus Maths at H5 at Higher level or O3 at Ordinary Level.
OR
104 UCAS tariff points to include a minimum of four subjects at Higher level and one subject at Ordinary level. The overall profile must include English at minimum Grade H6 at Higher Level or Grade O4 at Ordinary Level. One Higher Level subject must include minimum Grade H4 from Higher Maths.
The Scottish Highers requirement for this course is BCCCC to include minimum of grade B in Mathematics or grades BBCCC if not undertaking Scottish Highers Mathematics.
The Scottish Advanced Highers requirement for this course is CDD to include a minimum of grade C in Advanced Mathematics or grades CCD if not undertaking Scottish Highers Mathematics.
Overall International Baccalaureate profile minimum 25 points (12 points at higher level).
Overall Access profile of 63% to include 60% in NICATs Maths or GCSE Maths grade B/C* or 6/5.
GCSE Profile to include Maths with a minimum Grade B/C* or 6/5.
GCSE Profile to include English Language with a minimum Grade C/4.
English language requirements for international applicants
The minimum requirement for this course is Academic IELTS 6.0 with no band score less than 5.5. Trinity ISE: Pass at level III also meets this requirement for Tier 4 visa purposes.
Ulster recognises a number of other English language tests and comparable IELTS equivalent scores.
Most students enter Year 1 of the programme. Applicants who can provide evidence of previous relevant study, awarded in accordance with the Credit Accumulation Transfer Scheme (CATS), may be considered for entry into Year 2. In appropriate cases, opportunities exist at the end of Year 1 for reciprocal transfer between this programme and other first-degree programmes in the School.
Undergraduate
Each programme will have slightly different requirements, both in terms of overall points and certain subjects, so please check the relevant subject in the undergraduate on-line prospectus.
Normally Ulster University welcomes applications from students with:
Generally, for undergraduate courses for international applicants we require equivalent to A-Level CCC, for these courses the entry requirements will be one of the following:
Please note that some courses will have subject specific entry requirements, please check the relevant course entry requirements in the undergraduate on-line prospectus. If there is a subject specific requirement you will be required to get 580 in the Subject Specific SAT or Grade 3 in the Subject Specific AP test.
Some courses may also have additional entry criteria, such as a Skype interview, submission of a satisfactory portfolio, criminal record check or health check, please check the relevant course entry requirements in the undergraduate on-line prospectus.
For courses that require GCSE Mathematics Grade C, you will be required to successfully complete Grade 12 in High School Diploma Mathematics.
Some courses have higher entry requirements, please see list below;
(A-level ABB to include 2 science subjects from Biology, Chemistry, Mathematics and Physics or equivalent)
To include one of the following:
(A-Level BBB to include Chemistry and 1 science from Mathematics, Physics or Biology or equivalent)
To include one of the following:
(A-Level BBC or equivalent)
To include one of the following:
In addition to the scholarships and bursaries open to all international students, US students may apply for Federal and Private US loans
English Language
Qualification |
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Level 12 English Lang in HSD |
View more information for students from United States of America
In this section
Graduates from this course are now working for:
With this degree you could become:
Graduates from this programme are highly sought after by Government, Industry and Professional Practices. Previous Economics graduates have gone into careers in business, financial and public sectors locally, nationally and throughout Europe. Recent graduates have taken up careers as consultants in accountancy firms, recruitment consultants, economic researchers, assistant economists, stockbroking and financial services.
The programme has the option for either a work placement or study abroad between the second and final years.
Applications to full-time undergraduate degrees at Ulster are made through UCAS.
In 1st year, there is a prize for the best mark in the Accounting for Business module across the Economics/Business Economics family of programmes.
In final year, there is a prize for the best overall (average) mark across the Economics/Business Economics family of programmes.
Tuition fees and costs associated with accommodation, travel (including car parking charges), and normal living are a part of university life.
Where a course has additional mandatory expenses we make every effort to highlight them. These may include residential visits, field trips, materials (e.g. art, design, engineering) inoculations, security checks, computer equipment, uniforms, professional memberships etc.
We aim to provide students with the learning materials needed to support their studies. Our libraries are a valuable resource with an extensive collection of books and journals as well as first-class facilities and IT equipment. Computer suites and free wifi is also available on each of the campuses.
There will be some additional costs to being a student which cannot be itemised and these will be different for each student. You may choose to purchase your own textbooks and course materials or prefer your own computer and software. Printing and binding may also be required. There are additional fees for graduation ceremonies, examination resits and library fines. Additional costs vary from course to course.
Students choosing a period of paid work placement or study abroad as part of their course should be aware that there may be additional travel and living costs as well as tuition fees.
Please contact the course team for more information.
Admissions contact regarding application process:
Karen McCarroll
Course Director for advice regarding course content:
Dr Mark Bailey