Undergraduate course

Economics & Finance BSc (Hons)

Develop the skills, perspectives and valuable experience to help you succeed in the business arena and gain Chartered Management Institute (CMI) accreditation including an additional qualification.

Studying Economics & Finance is a great opportunity to combine a broad understanding of how they impact on the world around us. Learn to analyse economic and financial information, while also determining the impact of decisions on financial institutions, the economy and wider society.

  • Available in Clearing
  • UCAS Code – L1N3 | With placement year N1W6
  • Location – York campus
  • Duration – 3 years full-time | 4 years with placement year
  • Start date – September 2019
  • School – York Business School

Minimum Entry Requirements

    96 UCAS points

    3 GCSEs Graded C/4 or above (or equivalent) including English Language and Maths

Tuition Fees

    UK and EU 2019-20 £9,250 per year

    International 2019-20 £12,750 per year

York Business School

Course overview

We take economic decisions every day of our lives and in turn are affected by the decisions of other people and institutions. Economics is the study of these decisions and actions and this Economics & Finance Degree will enable you to understand how these processes work.

Study in an engaging and supportive environment and gain the analytical, quantitative and transferable skills required by employers in both the private and public sectors. During Level 1 you will develop a grounding in economics and finance, followed by opportunities to study more specialist and applied topics in Levels 2 and 3. 

 

This programmes focuses on the application of theory to real-world scenarios, to develop applied skills and knowledge in a bid to solve economic and financial problems at local and international levels. You could study modules such as International Trade, International Finance, Risk and Insurance or Contemporary Business Economics, allowing you to understand the workings of world economies and world finance. The skills graduates of this programme possess are in high demand, allowing you to work in a diverse range of professions from banking and insurance to analysis, market research and economics.

Students will also gain additional Chartered Management Institute (CMI) accreditation (* subject to approval) including an additional qualification.

Course structure

Level 1

Modules

Compulsory modules:

Preparing for Business: This module will give a broad awareness of the fundamentals in business from a financial, economic, marketing and organisational perspective. The skills learned can be applied to any business organisation but learning for this module will be likely to give greater emphasis to a small business environment with the aim to make the interdependencies of the above areas more apparent. The fundamentals will be delivered in the lecture with the aim of giving all learners a basic awareness of the various disciplines and the associated issues that may arise.

Responsible Business: This module examines the nature of business enterprise and its relationship with wider society, seeking answers to the question: what does it mean for businesses to behave responsibly? There is an ongoing debate regarding this question, with answers ranging from ‘just maximize shareholder value’ to ‘consider everyone who is affected, including unborn future generations’, with many variations in between. In this ongoing debate we encounter ideas regarding, for example, stakeholder theory, the triple bottom line, corporate social responsibility, business ethics, the role of the state or of supra-national organizations, and so on. This module aligns well with the mission of the PRME (Principles for Responsible Management Education) (PRME) initiative to inspire and champion responsible management education. The challenge in this module of applying ideas from a complex ongoing debate to contemporary business and societal issues will support students in the development of both academic and employability skills.

Introduction to Economics: This module is designed to provide an introduction to economics. The module aims to provide knowledge and comprehension of the basic economic principles and techniques related to microeconomics and macroeconomics. The emphasis is on developing an understanding of economic principles and allowing students to make a use of standard economic techniques. The module considers the different issues related to microeconomics theories that can be applied to business decisions. It also considers the different issues related to macroeconomics theories and provides an insight into the impact of macroeconomic environment on business decisions.

Quantitative Analysis: Students will be introduced to the essential quantitative methods of modelling and analysis for financial data. In addition, statistics and probability concepts will be discussed and applied to various events. These theories will then be used to analyse practical situations and contribute to obtain necessary information for problem solving.

Economic Policy and Practice: This module explores the fundamental concepts and techniques of microeconomic and macroeconomic analysis. It provides an opportunity to apply microeconomic theory to issues and problems related to decision making of economic agents. The module aims to provide understanding of quantitative techniques and their usefulness in theoretical and applied economics with focus on developing a deeper understanding of modern macroeconomics. Module will help to develop a deeper understanding of how decisions of consumers, firms and government are interlinked. It aims to analyse contemporary economic events and enable students the procurement of skills to assess the likely trends in macroeconomic variables that will facilitate decision-making.

Finance and Capital Markets: This module will provide students with an introduction to the essential concepts of finance and capital markets. Students will be able to describe the role of financial intermediary’s within the economy as well as the functions they perform. Students will be able to exhibit an understanding and be able to evaluate the impact of financial markets on the wider economy. It will give students the skills to understand and apply discounting techniques in different types of valuation models. It will equip students with an understanding of the structures within various financial markets.

All modules are worth 20 credits, except Dissertation which is worth 40 credits and Study Abroad which is worth 60 credits.

Level 2

Modules

Compulsory modules:

Management and Leadership: This module provides students with a broad understanding of the key concepts and principles of management and leadership. It considers the differences between management and leadership, through the development of theories and models, and the impact on organisations of different approaches. The module also allows students to analyse their own management and leadership skills and devise a personal plan which will allow them to develop these further.

International Finance: This module will give students the ability to analyse the theoretical and practical aspects of international financial markets. The development and current state of the international monetary system will be analysed. Theories of exchange rate determination will be compared and applied in relation to historical and current events in order to critically analyse their relative importance. These theories will be used to address issues around the development international financial crises in order to analyse and discuss the impact of different types of crises on the wider economy.

Applied Econometrics: The module will give students the ability to discuss and apply econometric techniques to answer research questions using real world data. Emphasis will be placed on what econometric methods to use in different circumstances and how to interpret and evaluate the results of empirical analysis. Students will be able to demonstrate an understanding of and apply regression techniques using econometric software to estimate econometric models. The methods for finding and overcoming estimation problems will be examined.

Research Methods and Project Management: Organisations frequently require both an understanding of how and why data is acquired, and an ability to collect, analyse and interpret it.  These skills are also important if students wish to progress to postgraduate study or careers in consultancy services.  This module considers the use of quantitative and qualitative research methods in subject contexts, and allows students to develop skills in the collection, analysis and reporting of relevant data. In addition, this module will develop students’ project planning and management skills as a tool to manage the research process.

International Trade: This module seeks to understand the patterns of international trade, past, present and future by understanding the underlying forces that drive international trade. International trade draws upon ideas from economic theory, business strategy and political economy. Contemporary international trade is also closely related to international production: the operation of international supply chains and production networks often linked to foreign direct investment. This module considers how these ideas relate to each other and to events in the real world, providing a balanced appreciation of theory and its application.

Corporate Finance: The aim of this module is to create an understanding of the financial decisions that are made by corporations. Students will evaluate stakeholder theory and its relationship to a business’s objectives. Company valuation will be examined through various investment tools and their relative merits will be discussed. The sources of finance for a business will be studied and the implications these have for the company’s cost of capital. The interrelationship between capital structure, dividend policy and a company’s cost of capital will also be addressed.

Optional modules:

Study Abroad: This module is intended to accommodate flexibly the varying needs of exchange or study abroad students. For instance, this may be required when the modules offered by the host institution are sufficiently close to the modules that the student would be taking at YSJU. The module’s aim is to support students’ development in their subject knowledge while exposing them to the language and culture of the host country, whilst enhancing their foreign language skills. 

All modules are worth 20 credits, except Dissertation which is worth 40 credits and Study Abroad which is worth 60 credits.

Level 3

Modules

Compulsory modules:

Dissertation: The aim of this module is to facilitate and express independent enquiry in a substantial piece of individual self-directed research work.  This module provides students with the opportunity to plan and conduct a piece of research through individual and independent activity and to present their findings in using visual aids and in written academic format that meets professional standards.  Students will develop research objectives, formulate appropriate methodologies, and apply problem solving and analytical skills in a business context of their choice.

Developing a Business Research Project: The aim of this module is to prepare students to undertake an independent enquiry through individual self-directed project work. This module provides students with the skills and knowledge to design and plan a research project.   Students will develop research objectives, formulate appropriate methodologies, and critique literature.  Students will develop a project plan which they can undertake through their final semester.

Developing an Organisation Based Project: The aim of this module is to develop the student’s skills in conducting a research project in response to a brief from an organisation. This module acts as a bridge into the industry they research. Students develop their research skills and their ability to structure an influential document.

Portfolio Management: The module aims to provide an understanding of investments and portfolio management. The part of the module is concerned principally with the valuation and management of investment portfolios. This part builds on the basic principles which underpin modern portfolio theory and asset pricing models. It explains the principles of bond and shares evaluation, introduces the concepts underlying the term structure of interest rates, and discusses various optimisation models and investment strategies for portfolio management. These principles are then applied to issues of performance measurement and active portfolio management. The module aims to provide students with a foundational knowledge of analytical investment theory and guide students in the practical application of investment analysis using trade simulator.

Contemporary Business Economics: Prospective managers working in an international context require a clear understanding of key aspects of the international economy.  The module has a firmly contemporary focus, with the particular international business economics topics delivered being selected to address current issues of importance. This module provides an accessible overview with an applied business focus. While it deals with difficult conceptual issues, these are explained fully in the clearest possible way and illustrated with examples and news reports.

Business Research Project: The aim of this module is to facilitate and express independent enquiry in a small scale substantial piece of individual self-directed research work.  This module provides students with the opportunity to conduct a piece of research through individual and independent activity and to present their findings in using visual aids and in written academic format that meets professional standards.  Students will develop research objectives, formulate appropriate methodologies, and apply problem solving and analytical skills in a business context of their choice.

Organisation Based Project: The aim of the Organisation Based Project is to give students the opportunity to combine investigation into an authentic challenging business project with an in-depth research-based report. This offers links with potential employers and demonstrates understanding of the application of business principles in a real-world situation. Students will develop their research skills alongside techniques of reporting back on findings.

International Political Economy and Development: This module provides students with the opportunity to analyse and evaluate the bridge between politics and economics on an international level within the context of development. Theoretically, the module seeks to engage with the varied interpretations of IPE’s scope, focusing on the contribution of a range of actors in the international spectrum analysed in terms of their influence upon development. The module enables students to hone a critical understanding of ‘the political’ internationally, and how this understanding can support the analysis of economic development in growth across a range of international markets from within socio-political frameworks.

Insurance and Risk Management: This module will introduce students to the economic principles underlying the insurance industry and critically evaluate the industry’s development. The notion that risk and uncertainty are very different ideas from an economic and financial point of view will be explored in depth particularly in relation to the management of business risks. Students will examine the various types of risk faced by individuals and businesses in order to develop risk management techniques appropriate to the situations. The students will be able to examine issues that reduce the insurability of risk and discuss how insurers can counteract these using contractual and financial tools. Students will develop the skills to price financial derivatives and demonstrate ability to judge between different the hedging strategies that are possible using these products.

Business Creation Project: This module allows the entrepreneurial student who wishes to start their own business to undertake research into a business creation opportunity that they may wish to continue following graduation. Students will undertake independent enquiry in a substantial piece of individual self-directed research work aimed at business start-up.  This module provides students with the opportunity to plan and conduct a piece of research through individual and independent activity into a business opportunity and to present their findings in using visual aids and in written format that meets professional standards. Students will make decisions on the business prospect and the viability of undertaking the venture.

All modules are worth 20 credits, except Business Creation Project and Dissertation which are each worth 40 credits and Study Abroad which is worth 60 credits.

Certificate in Management and Leadership

Modules include:

  • Responsible Business
  • Management and Leadership
  • Dissertation
  • Business Research Project
  • Organisation Based Project

Entry requirements

Qualifications

The minimum entry requirements for this course are:

96 UCAS Tariff points

3 GCSEs at grade C/4 or above (or equivalent) including English Language and Maths

Calculate your tariff points.

Personal statement

Essential criteria

As well as a strong standard of written English, we also look for an interest and enthusiasm for the subject. This can be done in a variety of ways, either from an academic viewpoint, for example studying a business related A Level, or through relevant work experience or placements.

Valued criteria

Candidates can demonstrate a real enthusiasm for the subject that goes beyond achieving good grades in exams. Examples of this include:

  • Career plans
  • Attending workshops or seminars related to the chosen subject area
  • Showing leadership and teamwork skills through project work or awards such as the Duke of Edinburgh or sports teams, theatre groups etc.
  • Experience of work
  • Candidates may also look to undertake professional qualifications such as accounting qualifications or CIPD

Terms and conditions

Our terms and conditions, policies and procedures contain important information about studying at York St John University. These can be accessed through our Admissions webpages.

Fees and funding

To study for an undergraduate degree with us, you will need to pay tuition fees for your course. How much you pay will depend on whether you're a UK & EU student or an international (non-EU) student. Tuition fees are charged for each year of your course.

Find out more about funding for Foundation Year and/or Placement Year by visiting the Funding Advice pages of our website. York St John offer special reductions to students graduating from York St John University Undergraduate degrees in 2019 and continuing directly onto Postgraduate study. Find out more about discounts and scholarships. There may also be some additional costs to take into account throughout your studies, including the cost of accommodation

Tuition fees

Home / EU students

The York St John University tuition fee for the 2019 entry to Foundation Degree, BA and BSc, PGCE Primary and Secondary and UG Health Programme degrees is £9,250 per year for UK/EU, Jersey, Guernsey and Isle of Man students.

Tuition fees may be subject to inflation in future years.

Overseas students

The York St John University tuition fee for the 2019 entry to Foundation Degree, BA and BSc, PGCE degrees is £12,750 per year for international students.

Tuition fees may be subject to inflation in future years.

Funding your course

Additional costs and financial support

COURSE-RELATED COSTS

Whilst studying for your degree, there may be additional costs related to your course. This may include purchasing personal equipment and stationery, books and optional field trips.

STUDY ABROAD

For more information on tuition fee reductions and additional costs for studying abroad, please visit our study abroad webpages.

 

ACCOMMODATION AND LIVING COSTS

View our accommodation webpages for detailed information on accommodation and living costs.

FINANCIAL HELP AND SUPPORT

Help and advice on funding your studies at York St John is available through our Money Advice service.

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