Business Economics

BSc (Hons)

2023/24 Full-time Undergraduate course

Award:

Bachelor of Science with Honours

Faculty:

Ulster University Business School

School:

Department of Accounting, Finance and Economics

Campus:

Belfast campus

UCAS code:

L101
The UCAS code for Ulster University is U20

Start date:

September 2023

This course is now closed for International applications for September 2023

With this degree you could become:

  • Accountant
  • Financial Analyst
  • Financial Consultant
  • Business Development Assistant
  • Junior Consultant
  • Marketer

Graduates from this course are now working for:

  • All State
  • CitiBank
  • CME Group
  • Fintru
  • PWC
  • HMRC CIVIL SERVICE

Overview

This programme combines a thorough understanding of economic theory and applications with business knowledge.

Summary

This course goes beyond the limits of traditional economics and business-related courses by combining a thorough understanding of economic theory, relevant applications and business knowledge.

You will be introduced to a set of economic concepts, frameworks and techniques, both numerical (making use of both Mathematical and statistical techniques) and non-numerical. These will provide a basis for understanding the economics that governs decision-making, management and organisational behaviour within public, private and third sector organisations.

You will develop a detailed understanding of the global economy and Northern Ireland’s place within it. The course is focused on practical and applied skills in economics and business that are in high demand in the current marketplace. The real-world focus of the course will prepare you for a career in the business world or onto postgraduate business courses.

We’d love to hear from you!

We know that choosing to study at university is a big decision, and you may not always be able to find the information you need online.

Please contact Ulster University with any queries or questions you might have about:

  • Course specific information
  • Fees and Finance
  • Admissions

For any queries regarding getting help with your application, please select Admissions in the drop down below.

For queries related to course content, including modules and placements, please select Course specific information.

We look forward to hearing from you.

About this course

About

This course will emphasise those aspects of economics and business which relate to the practical application of Business Economics today in policymaking, management or organisational behaviour and consumer decisions. It aims to provide students with a thorough grounding in the concepts and analytical apparatus needed within both the private and public sectors.

The specific nature of this degree aligns closely with guidance from the Government Economic Service (GES), Advance HE formerly The Higher Education Academy (HEA) and industry experts, in order to produce graduates who can focus on the economic challenges faced by businesses today.

Associate awards

Diploma in Professional Practice DPP

Diploma in International Academic Studies DIAS

Diploma in Professional Practice International DPPI

Attendance

Classes are timetabled per semester for full-time students
Three years full-time – BSc Hons
Four years full-time including a placement year – BSc Hons with DPP / DIAS

Start dates

  • September 2023

Teaching, Learning and Assessment

The teaching and learning methods used on the Business Economics programme include; lectures (including guest speakers), seminars, workshops, computer lab classes, independent study and self-directed reading, supported by IT based resources.

Different modules on the Business Economics programme adopt different assessment strategies and may include computer-based exercises, class tests, presentations (individual and group), group projects, case studies, essays, reports and end of semester examinations.

Academic profile

Over 85% of teaching staff hold Fellowship of Advance HE (formerly 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 (20%) or Lecturers (55%).

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) by Advanced HE - 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 2021-2022.

Belfast campus

Accommodation

High quality apartment living in Belfast city centre adjacent to the university campus.

Find out more - information about accommodation  


Student Wellbeing

At Student Wellbeing we provide many services to help students through their time at Ulster University.

Find out more - information about student wellbeing  


Belfast Campus Location

The Belfast campus is situated in the artistic and cultural centre of the city, the Cathedral Quarter.

Find out more about our Belfast Campus.

Campus Address

Ulster University,
2-24 York Street,
Belfast
BT15 1AP

T: 02870 123 456

Modules

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.

Year one

Economics in Practice

Year: 1

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.

Microeconomic Principles

Year: 1

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.

Macroeconomic Principles

Year: 1

The module introduces students to the field of macroeconomics and core macroeconomic theory.

Mathematics and Statistics for Economics and Business

Year: 1

The module introduces students to a toolkit of key mathematical and statistical information they need to analyse empirical data.

Skills for Economists

Year: 1

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 building resilience and study skills, writing for university and work, practical research skills & analytical techniques, practical employability hints and tips to assist building a strong professional reputation and career path for graduates.

This module will also introduce students to working with real data to analyse issues and 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.

Introduction to Accounting for Business

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.

Fundamentals of Management

Year: 1

This module is optional

The fundamental management functions of planning, organising, leading and controlling are pervasive activities that are central to the operation of organisations and integral to the marketing curriculum. Given that perceptions of the nature of this process of management have changed and continue to change quite radically, it is beneficial also to have informed insights of these changes and the changing external and internal context within which management takes place. The module therefore introduces a coherent range of concepts and ideas that provide the basis for further more specialised study of management.

Principles of Marketing

Year: 1

This module is optional

This module provides students with an appreciation of the nature, scope and breadth of the fundamental concepts and principles of marketing. It represents a key underpinning to subsequent marketing related modules within degree programmes.

Year two

Analytical Methods for Economics

Year: 2

This module further develops the mathematical and statistical techniques which can be applied to economic and business problems.

Intermediate Microeconomics

Year: 2

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.

Intermediate Macroeconomics

Year: 2

This Module outlines key government economic policy issues such as the relationship between inflation and unemployment, and the extent to which poorer countries are likely to catch up on richer countries in terms of living standards. The economic growth-sustainable development relationship is considered. It also includes an introduction to the modelling of the impact of Brexit. It gives insight as to how economists attempt to resolve disputes between rival positions regarding economic theory.

Entrepreneurship and Professional Practice

Year: 2

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.

Accounting for Business Decisions

Year: 2

This module is optional

The module informs and equips students to effectively respond to a plethora of potential issues that can arise in business, particularly those pertaining to investment, financing and costing decisions. The module aims, through a variety of teaching and learning mechanisms, to equip students with a knowledge of the main techniques used in accounting and business to competently assess and to understand the main issues and ramifications of decision making in business.

Risk Management

Year: 2

This module is optional

This module introduces the student to the conceptual and theoretical fundamentals of business risk management combined with the processes surrounding risk management in both the private and public sector organisations. It identifies the skills that a professional services accountant must have and how best to utilise those skills in today's challenging business environment.

Digital Business Management

Year: 2

This module is optional

This module aims to provide students with an understanding of business in a digital world, and the impact and application of technologies in different organisations. On successful completion of this module students will have an in-depth knowledge of digital business; understand and apply concepts and models underlying digital business; analyse how organisations apply business technologies to improve their operations and to create competitive advantage; critically evaluate the impact of digital technologies on individuals, companies, and wider society.

History of Economic Thought

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.

International Economics

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.

Regional Economics: Understanding the Northern Ireland Economy

Year: 2

This module is optional

The module provides students with an opportunity to broaden their understanding of the behavior and operation of the Northern Ireland economy through discussing contemporary economic issues (e.g. Covid-19, Brexit, automation), assessing real world data in Microsoft Excel and interpreting findings in a professional style format (e.g. report writing, presentations). The module seeks to develop relevant workplace skills (e.g. analytical skills, report writing, communication, team-work, presentation) to help prepare students for employment in consultancy, academic and economic policy.

Industrial Economics - Understanding and Regulating Markets

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.

Marketing Management in Practice

Year: 2

This module is optional

This module develops the fundamentals of marketing and applies the perspective of managerialism to these core principles. In this respect, the module's focus is on the 4 core marketing management activities marketing planning, marketing implementation, marketing leadership and marketing control. The module also explores how these core managerial activities will operate in various marketing contexts.

Creativity in Communications

Year: 2

This module is optional

This module examines the role of creativity in developing an effective strategic and integrated approach to marketing communication planning.

Year three

Diploma in International Academic Studies

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.

Diploma in Professional Practice

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 four

Economics of Business Strategy

Year: 4

This module aims to develop students' knowledge and understanding of business economics exploring economic approaches to the nature, emergence and architecture of business organisations for profit; assessing key issues about ownership, control and corporate governance; analysing different business strategies, explaining why and how firms diversify, change their boundaries and make strategic alliances; and applying economic theory to the firm in a domestic and international context.

Economics of Institutions

Year: 4

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.

Strategic Business Planning

Year: 4

This module is optional

The module introduces the concept of strategic business planning. With the dynamic business environment and the requirement for enterprise development to be linked to strategic management architecture, there is a need to enhance the level of understanding and competency in business planning.

Governance, Risk and Ethics

Year: 4

This module is optional

The module informs and equips students to effectively respond to the governance challenges organisations face today. The module aims to investigate the key components for securing the highest standards of effective corporate governance.

Management of Business Finance

Year: 4

This module is optional

This module is concerned with the study of business finance, with a distinctly corporate focus, examining issues mainly from the viewpoint of the corporate manager. The module aims to provide students with an opportunity to study at a more advanced level aspects of the management of business finance; investment, the balance between risk and return and the measurement and control of both, the operation of capital markets and the distribution of wealth between stakeholders.

Taxation

Year: 4

This module is optional

A knowledge of taxation is essential to students intending to pursue a career in accounting and is an essential part of most financial and economic decision making. This module provides a fundamental undertaking of the main aspects of the UK tax system covering personal, business taxation, corporation tax, inheritance tax and capital gains tax as well as an understanding of the administration of the self-assessment system.

Psychology at Work

Year: 4

This module is optional

This module is designed to enable students to acquire knowledge and understanding of the principles of psychology at work. Students will develop a further awareness of both their own and others' behaviour and how to apply this awareness to maximise effective performance.

Regional Economics: UK Regions and Cities, Theory Policy and Forecasting

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. Upon completion of this module students will have a understanding of modern regional policy in the UK, be capable of undertaking regional analysis with real world data, will have successfully constructed a multi-sectoral economic forecasting model and estimated the economic impact of a real world policy intervention, and developed reporting outputs to a professional standard.

Economics of Globalisation

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.

Economic History: Lessons for Policy

Year: 4

This module is optional

The aim of the module is to provide students with an in-depth understanding of economic history, introducing them to important topics and debates within the discipline. The module aims to teach students important qualitative analytical skills, and how to apply their economics knowledge to studying economic phenomena.

Economic Policy

Year: 4

This module is optional

This module aims to equip students with a theoretical and practical understanding of economic policy and the process by which policy is developed, appraised and evaluated. The module builds upon existing theoretical and microeconomic knowledge developed in previous years and aims to further enhance research, analytical and technical competencies along with verbal and written communication skills. By giving students the opportunity to research economic policy issues, appraise policy options, and apply practical solutions, the module will help to equip students with the knowledge and capabilities that are demanded of a professional economist.

The Digital and Marketing Nexus

Year: 4

This module is optional

This module deconstructs and redevelops the marketing concept within the digital context and through marketing technology. The module equips participants with a meaningful and robust evaluation process through which the application of digital marketing strategy, harnessed through marketing technology can be understood, applied and practiced.

Global Marketing

Year: 4

This module is optional

In an increasingly global environment this module seeks to develop students' understanding of the socio-cultural, economic, legal and political variables which will impact on the international decision making and planning processes of an organisation and influence international marketing mix strategies.

Standard entry conditions

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.

A level

Grades BCC if including A level Mathematics or

Grades BBC if not completing A level Mathematics.

Applied General Qualifications

QCF Pearson BTEC Level 3 Extended Diploma / OCR Cambridge Technical Level 3 Extended Diploma (2012 Suite)
Award profile of DDD in a relevant subject.

OR

RQF Pearson BTEC Level 3 National Extended Diploma / OCR Cambridge Technical Level 3 Extended Diploma (2016 Suite)
Award profile of 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:

QCF Pearson BTEC Level 3 Diploma/ OCR Cambridge Technical Level 3 Diploma (2012 Suite)

Award profile of DM plus A Level Grade B

RQF Pearson BTEC Level 3 National DiplomaOCR Cambridge Technical Level 3 Diploma (2016 Suite)

Award profile of DM plus A Level Grade C

QCF Pearson BTEC Level 3 Subsidiary Diploma/ OCR Cambridge Technical Level 3 Introductory Diploma (2012 Suite)

Award profile of M plus A Level Grades BB

RQF Pearson BTEC Level 3 National Extended Certificate/ OCR Cambridge Technical Level 3 Extended Certificate 2016 Suite)

Award profile of M plus A Level Grades BB

For further information on the entry requirements for this course please contact the administrator as listed in Contact details.

Irish Leaving Certificate

112 UCAS tariff points to include a minimum of five subjects (four of which must be at Higher 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 five subjects (four of which must be at Higher level). The overall profile must include English at minimumGrade H6 at Higher Level or Grade O4 at Ordinary Level.

One Higher Level subject must include minimumGrade H3 from Higher Maths.

Irish Leaving Certificate UCAS Equivalency

Scottish Highers

Grades BCCCC to include a minimum of grade B in Mathematics

or grades BBCCC if not undertaking Scottish Highers Mathematics.

Scottish Advanced Highers

Grades CDD to include minimum of grade C in Advanced Mathematics or grades CCD if not undertaking Advanced Mathematics.

International Baccalaureate

Overall International Baccalaureate profile minimum 25 points (12 points at higher level).

Access to Higher Education (HE)

Overall Access profile 63% to include 60% in NICATs Maths or GCSE Maths grade B/C* or 6/5.

GCSE

For full-time study, you must satisfy the General Entrance Requirements for admission to a first degree course and hold a GCSE pass at Grade C/4 or above in English Language, additionally GCSE Maths pass at grade B/C* 6/5 or above.

Please note that for purposes of entry to this course the Level 2 Certificate in Essential Skills - Application of Number is NOT regarded as an acceptable alternative to GCSE Maths.

English Language Requirements

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.

Additional Entry Requirements

Pass HND with overall Merit to include 45 distinctions at level 5. Plus GCSE Maths Grade B/C*.

Pass HNC with overall Distinction to include 75 distinctions at level 4/5. Plus GCSE Maths grade B/C*

Exemptions and transferability

Most students enter Year 1 of the course. Applicants who can provide evidence of previous relevant study, awarded in accordance with the Credit Accumulation Transfer Scheme, (CATS), may be considered for entry to Year 2. In appropriate cases, opportunities exist at the end of Year 1 for reciprocal transfer between this course and other first-degree courses in the School.

Careers & opportunities

Graduate employers

Graduates from this course are now working for:

  • All State
  • CitiBank
  • CME Group
  • Fintru
  • PWC
  • HMRC CIVIL SERVICE

Job roles

With this degree you could become:

  • Accountant
  • Financial Analyst
  • Financial Consultant
  • Business Development Assistant
  • Junior Consultant
  • Marketer

Career options

This course has been designed to meet the needs of the Northern Ireland business sector. The skill set developed in this course is in high demand by employers. As a successful graduate, you will be prepared for a variety of career opportunities, such as a professional economist in the public or private sector, banking, consultancy, management, and research/teaching. You could also pursue a career in general business, accounting and finance related areas or within the public sector. The course also prepares you for postgraduate study in related disciplines.

Work placement / study abroad

The programme has the option for either a work placement or study abroad between the second and final years.

Apply

Start dates

  • September 2023

Fees and funding

Fees (per year)

Northern Ireland, Republic of Ireland and EU Settlement Status Fees

£4,710.00

England, Scotland, Wales and the Islands Fees

£9,250.00

International Fees

£15,840.00

Scholarships, awards and prizes

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.

Additional mandatory costs

It is important to remember that costs associated with accommodation, travel (including car parking charges) and normal living will need to be covered in addition to tuition fees.

Where a course has additional mandatory expenses (in addition to tuition fees) we make every effort to highlight them above. 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 Wi-Fi are also available on each of the campuses.

There are additional fees for graduation ceremonies, examination resits and library fines.

Students choosing a period of paid work placement or study abroad as a part of their course should be aware that there may be additional travel and living costs, as well as tuition fees.

See the tuition fees on our student guide for most up to date costs.

Contact

We’d love to hear from you!

We know that choosing to study at university is a big decision, and you may not always be able to find the information you need online.

Please contact Ulster University with any queries or questions you might have about:

  • Course specific information
  • Fees and Finance
  • Admissions

For any queries regarding getting help with your application, please select Admissions in the drop down below.

For queries related to course content, including modules and placements, please select Course specific information.

We look forward to hearing from you.


For more information visit

Disclaimer

  1. Although reasonable steps are taken to provide the programmes and services described, the University cannot guarantee the provision of any course or facility and the University may make variations to the contents or methods of delivery of courses, discontinue, merge or combine courses and introduce new courses if such action is reasonably considered to be necessary by the University. Such circumstances include (but are not limited to) industrial action, lack of demand, departure of key staff, changes in legislation or government policy including changes, if any, resulting from the UK departing the European Union, withdrawal or reduction of funding or other circumstances beyond the University’s reasonable control.
  1. If the University discontinues any courses, it will use its best endeavours to provide a suitable alternative course. In addition, courses may change during the course of study and in such circumstances the University will normally undertake a consultation process prior to any such changes being introduced and seek to ensure that no student is unreasonably prejudiced as a consequence of any such change.
  1. The University does not accept responsibility (other than through the negligence of the University, its staff or agents), for the consequences of any modification or cancellation of any course, or part of a course, offered by the University but will take into consideration the effects on individual students and seek to minimise the impact of such effects where reasonably practicable.
  1. The University cannot accept any liability for disruption to its provision of educational or other services caused by circumstances beyond its control, but the University will take all reasonable steps to minimise the resultant disruption to such services.
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