Manchester Metropolitan University

Economics (Foundation Year)

2018 entry

Features and benefits of the course

  • This course is part of the Business School’s Foundation Year and you will be studying with students who are progressing to a range of different degrees.
  • You will be taught in the Business School’s state of the art building on All Saints Campus. Watch the video to find out more.
  • You will be able to apply for student finance (e.g. tuition fee loan, student loan and student maintenance grant) in the same way as other students.
  • The Foundation Year enables you to adjust to university life, become familiar with our campus, and use the Library, Careers and Employability Service and Learner Development Service.   
  • Alongside your studies, you can participate in mmuXchange. This initiative enables you to undertake voluntary work experience for different employers and organisations.
  • The Faculty of Business and Law hosts two Professional Development Weeks annually. Free and open to all students, this includes a festival of skills-development activities, practical support in developing your CV and employability skills, and the opportunity to network with actively recruiting graduate employers. 

Accreditations, Awards and Endorsements

Placement options

If you choose the placement route of the linked honours degree you will include a minimum of 36 weeks work experience as part of your degree studies. Our dedicated placement team has over 25 years experience of matching students to employers and will help you find a placement.

About the course

Typical units of study may include

Year 1

You will study four 30-credit units:

  • Business Intelligence
  • Accounting, Finance and Economics for Business
  • Academic Skills for Higher Education
  • Introduction to Business

All Foundation Year students study the Academic Skills for Higher Education unit, which will help you to develop the academic and study skills required for degree-level work. You will also study topics in business, business statistics and economics.

International students are placed on the Foundation Year International Route which offers additional English language study skills and tutor support through the English and Academic Practice unit.

Successful completion of the Foundation Year guarantees automatic progression onto Year 1 of the degree you have chosen to study. For more details on the units you will study after your foundation year, please refer to the linked honours degree course listing.

Please note that the English for Academic Practice unit is only available to international students.

Core Units
Academic Skills for Higher Education

This unit is designed to help students to develop the skills required to be successful in their academic career. Indicative content includes:

  • Academic skills: HE terminology, assessment formal processes/mechanisms, critical thinking and logical analysis, developing an academic argument, presenting evidence, oral presentations, exam techniques & strategies, independent learning, reading techniques, note taking, learning styles, study skills including: time management and working in teams.
  • Employability skills: commercial awareness and research skills, personal development planning, self evaluation/reflection, action planning, target setting and skill acquisition and development.
  • General writing skills: Punctuation & sentence structure, report writing, Referencing methods, critical writing, HE academic standard conventions, academic writing styles & their typical features,effective communication - being succinct and concise.
  • Planning for assessed work: purpose, audience, structure, coherence and logical order of information.
  • Research skills: Research principles, conducting research, research design and methodology, analysing and presenting research data, report-writing.
Accounting, Finance and Economics for Business

This unit aims to provide an applied introduction to key principles in economics through a range of topical issues and policy. The unit will enable students to understand and interpret financial statements and use costing techniques.
Indicative content includes:

  • Scarcity, supply, demand, externalities, inflation, unemployment, economic growth, international trade.Introduction to and financial analysis of key financial statements.
  • Accounting systems including book ofprime entry.
  • The difference between cash flows and profit flows in business cost determination, cost behaviour and decision making.
  • Budgetary planning and control.
Business Intelligence

The aim of the unit is to provide a foundation for the understanding, analysis and interpretation of real-life business data and equip students with a structured approach in using data to identify key business performance metrics and issues arising.

Indicative content includes:

1. Data and Information: an introduction to data; what data is; where data comes from; the different types of data that exist in organisations; how data can become information to assist business decision making.

2. Big Data: introduction to the issues surrounding Big Data and the implications of Big Data on organisations.

3. Managing data in organisation: introduction to how data is stored and retrieved; how to maintain quality of data; privacy issues; ethical issues.

4. Using data in organisations: marketing and customer Data; Business to Business sector sales analysis, customer performance over sales periods, sales-force performance, customer sales trends and values, segmenting customer base on performance indicators

5. Basic Number Work: Basic arithmetic; mental calculations, BODMAS. Directed numbers, fractions, decimals, percentages, ratios and proportions. Calculating efficiently using a calculator. Logic.

6. Descriptive Statistics: Introduction to data sources; primary and secondary data, types of sampling; random, stratified, quota and cluster, together with their advantages and disadvantages, graphical illustration of data; bar and pie charts, histograms, box and whisker plots, cumulative frequency diagrams etc. the calculation and use of summary statistics; mean, median, mode, standard deviation and IQ range etc.

7. Statistical Techniques: introduction to a range of techniques including probability, correlation and regression and forecasting.

8. Data Handling and Interpretation: Introduction to the use of Microsoft Excel spread sheets to order and manipulate data and to analyse and present data in report format using appropriate software programmes such as Microsoft Word.

Introduction to Business

This unit facilitates and supports students' learning in the area of business. A broad range of topics associated to the internal and external business environments are covered that encompasses theory and its practical application.


Term 1 - The unit starts by discussing the development of business in a modern context. Next the 'individual' is focused upon where motivational, role and leadership theory are given context. The unit will then exam  both the internal and external business environments. In doing so the unit focuses on organisations, entrepreneurship and the use of SWOT analysis. The external environment will encompass the political, economic, social, technological, ethical and legal issues that modern businesses face. During this term assistance and time will be given to assist with the academic essay coursework.

Term 2 - Encompasses `competition of market' Porters 5 forces are introduced as well as competition ratio's and differing types of markets. This will be followed by Marketing and Human Resource management. During this term focus and time will be given to assist with the group presentation coursework.

Likely Optional Units
English and Academic Practice (Optional Unit)

This unit is designed to provide those whose first language is not English and who come from outside the EU with the language and study skills needed for effective transfer to UK undergraduate courses at MMU.You will learn to present themselves effectively in speaking and writing and to use printed, electronic and other materials and resources efficiently for HE study. Course content will include language and study skills activities.

Programme Review

Each programme of study that we offer undergoes an annual review to ensure an up-to-date curriculum supported by the latest online learning technology. In addition, we undertake a major review of the programme, normally at 6-yearly intervals, but this can take place at a more frequent interval where required. Applicants should note that the programme currently provided may be subject to change as a result of the review process. We only make changes where we consider it necessary to do so or where we feel that certain changes are in the best interests of students and to enhance the quality of provision. Occasionally, we have to make changes for reasons outside our control. Where there are changes which may materially affect the current programme content and/or structure, offer holders will be informed.

Methods of Assessment

Teaching is delivered via a range of methods including lectures, seminars, tutorials, practical workshops, PC lab sessions, online material and self study time. Teaching methods will differ, depending on what is appropriate for your linked honours degree, and you will also be expected to spend some time each week on independent study.

Assessment is usually through a combination of coursework, which you will need to submit during the Autumn and Spring Terms, and formal examinations taken in the summer term.

Assessment Weightings and Contact Hours

10 credits equates to 100 hours of study, which is a combination of lectures, seminars and practical sessions, and independent study. A 3 year degree qualification typically comprises 360 credits (120 credits per year). The exact composition of your study time and assessments for the course will vary according to your option choices and style of learning, but it could be:

Study
  • Year 1 25% lectures, seminars or similar; 75% independent study
  • Year 2 25% lectures, seminars or similar; 75% independent study
  • Year 3 25% lectures, seminars or similar; 75% independent study
  • Year 4 25% lectures, seminars or similar; 75% independent study
Assessment
  • Year 1 60% coursework; 40% examination
  • Year 2 50% coursework; 50% examination
  • Year 3 30% coursework; 70% examination
  • Year 4 55% coursework; 45% examination

Teaching Staff

Your studies are supported by a team of committed and enthusiastic teachers and researchers, experts in their chosen field. We also work with external professionals, many of whom are Manchester Met alumni, to enhance your learning and appreciation of the wider subject. Details of departmental staff can be found at: http://www2.mmu.ac.uk/business-school/about-us/our-staff/afe/

Typical entry requirements

These typical entry requirements apply to the 2017 academic year of entry and may be subject to change for the 2018 academic year. Please check back for further details.

UCAS Tariff points/Grades required

72-80

72-80 at A2 (Grades BC-BB) or acceptable alternatives e.g. BTEC Subsidiary Diploma, Diploma, Extended Diploma at Level 3 (Grades DM or MMP).

 

Specific GCSE requirements

GCSE grade D or grade 3 in English Language and Mathematics.  Level 2 Functional Skills English and Mathematics also accepted.

Non Tariffed Qualifications

74 UCAS Tariff Points from a relevant Access to HE Diploma with at least 45 credits at Level 3.

International Baccalaureate points

24 IB Points

IELTS score required for international students

5.5 with no element below 5.5

There’s further information for international students on our international website if you’re applying with non-UK qualifications.

Further information

Applications are considered individually and you are advised to contact our Course Enquires team via the web form www.mmu.ac.uk/course-enquiry

Your career prospects after the course

Recent graduates have gone on to careers in the accountancy, banking, consultancy, insurance and retail sectors.

Graduates in economics are able to pursue a variety of careers, many of which make direct use of the knowledge of economics they have acquired.

Some graduates follow careers where their knowledge of economics is used indirectly and their general problem-solving and analytical skills are highly valued.

Other graduates will go on to postgraduate study before entering employment.

94%

In 2014, over 94% of our graduates went directly into work or further study within 6 months of graduation

DHLE survey 2014, for all respondents available for employment or further study and whose destinations are known

How do I apply for this course?

Applications through UCAS

Remember to use the correct institution code for Manchester Metropolitan University on your application: our institution code is M40

Unistats Information

Find out more about Unistats and the Key Information Set.

Find out more about Unistats and the Key Information Set.

Confirmation of Regulator

The Higher Education Funding Council for England is the principal regulator for the University.

Important Notice

This online prospectus provides an overview of our programmes of study and the University. We regularly update our online prospectus so that our published course information is accurate and up to date. Please note that our programmes are subject to review and development on an ongoing basis. Changes may sometimes be necessary. For example, to comply with the requirements of professional or accrediting bodies or as a result of student feedback or external examiners’ reports. We also need to ensure that our courses are dynamic and current and that the content and structure maintain academic standards and enhance the quality of the student experience.

Please check back to the online prospectus before making an application to us.

The provision of education by the University is subject to terms and conditions of enrollment and contract. The current Terms and Conditions Applicable to the provision of the University’s Educational Services are available online. When a student enrolls with us, their study and registration at the University will be governed by various regulations, policies and procedures. It is important that applicants/students familiarize themselves with our Terms and Conditions and the Key Contract Documents referred to within. Applicants will be provided with access to an up to date version at offer stage. This can be found within the Information for Offer Holders document.

Undergraduate Study