Manchester Metropolitan University

BA (Hons)

Economics and Banking

2018 entry

Features and benefits of the course

  • You will be taught in the Business School’s state of the art buildingin central Manchester. Watch the video to find out more.
  • All of our courses are open to students who have not studied economics before.
  • The option units in Year 2 and Year 3 enable you to tailor your degree to your subject interests.
  • We offer a placement route that provides the opportunity to work for a year in industry. Our award-winning placement team can help you find a placement.
  • Our undergraduate teaching is supported by a strong research base and courses are delivered in a friendly and supportive environment with good access to excellent facilities.
  • An economics degree develops numerous skills for employment including analytical, quantitative, IT, presentation and interpersonal skills, and, because of this, we have an impressive graduate record.
  • As an economics and banking student, you will have complimentary access to Bloomberg, the leading global platform used by the world’s leading banks, corporations and government agencies for news, data, analytics and research.  
  • You can join the Accounting, Finance and Economics Society and access a range of social events, weekend trips and a series of guest speakers from the accountancy and finance industries.
  • The Faculty of Business and Law hosts 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

A placement year can be an excellent opportunity to acquire high quality work experience and structured on–the-job training whilst earning a salary. The placement must be a minimum of 36 weeks but it will usually last for 12 months and takes place after your second year of study.

We have an award-winning placement team, who advertise vacancies and can help you find a placement. The team has over 25 years’ experience of matching students to employers. They advertise over 1,000 vacancies each year, organise an annual placement fair where you can meet employers who are actively recruiting placement students, deliver CV workshops, provide one-to-one advice, and will conduct a mock interview with you so you can practice your interview technique.

The placement jobs market is competitive and it is your responsibility to be pro-active and apply for vacancies. We recommend that you start researching companies and opportunities during your first year and apply for positions at the start of your second year. Finding the right opportunity and the right position is important because if you are a good match to your placement, your employer could offer you a full-time position when you have graduated.

For more information about Placements, see our Placement Office 

About the course

Typical units of study may include

Year 1

You will study four, 30-credit units:

  • Foundations of Quantitative Analysis
  • Micro/Macro Principles 1
  • Financial Accounting
  • Financial Decision Making

Core Units
Financial Accounting

This unit provides you with an introduction to the concepts of financial accounting including recording fundamental transactions and preparing simple financial statements. Your studies will cover topics such as the fundamentals of financial accounting, the application of various concepts, and the preparation of an income statement and statement of financial position. This unit will also introduce the basic concepts of direct and indirect taxation involving simple transactions and basic calculations. Finally, this unit will use an IT package (such as SAGE) to demonstrate how transactions can be recorded and processed.

Financial Decision Making

Identifying, applying and evaluating information for management techniques to assist management with planning, control and decision making within a business environment. This will cover management accounting fundamentals: cost classification and behaviour; inventory valuation and controls; traditional full cost methods; marginal costing and short and long-term decision making techniques with appropriate software packages.

Foundations of Quantitative Analysis in Economics and Finance

Quantitative methods allow analysts to express theories and concepts accurately and succinctly. Thus, in this unit, theories and scenarios will be described and their effects measured. It will include a review of mathematical principles, introduction to financial analysis, differentiation, economic and business applications, introduction to statistics, graphical analysis tools, introduction to probabilistic analysis, random variables and estimation, and bivariate analysis.

Micro/Macro Principles 1

Introductory theories of microeconomics and macroeconomics. The former covers theories of supply and demand, elasticity estimations and utility theories. The latter would cover models such as the circular flow of income, the four sector keynesian model and the Phillips Curve.


Year 2

You will study four, 30-credit units:

  • Investment Principles and Risk
  • Retail Banking
  • Micro/Macro Principles 2
  • Current Issues in Economics

Core Units
Current Issues in Economics

This unit revisits some of the basic economic issues introduced at Level 4 but analyses them from an applied economic perspective & outlines how they impact the development of economic policymaking, particularly in the UK context. The applied course content is dominated by applied UK macroeconomic issues, such as the economic impact of Brexit, although some microeconomic/sectoral areas will be explored. The course thus aims, by exploring trends in the data, to deepen your knowledge of the principles of macroeconomic analysis; this, in turn, will help you understand recent dilemmas in UK economic performance & policymaking.

Investment Principles and Risk

This unit provides you with an introduction to the major asset classes in which people invest, such as cash deposits, bonds, property and equities, and to the principles, concepts, theories, economic and market forces that underpin personal investment decisions. Key topics that you will study include risk profiling, security evaluation, asset allocation, portfolio selection and management. You will have access to investment appraisal software used by practitioners in the financial planning profession and utilise this to create an investment portfolio to satisfy the financial goals and other objectives that typically influence personal investment behaviour, especially an individual’s appetite for risk.

Micro/Macro Principles 2

The unit extends theories from Level 4 in both microeconomics and macroeconomics. For microeconomics, these include: the theory of the firm (monopoly, oligopoly, perfect competiton); externalities and utility maximisation. For macroeconomics, theories of consumption, money supply (money creation) and money demand and ISLM in a closed economy.

Retail Banking

This unit studies the regulatory and legal frameworks, financial markets and institutions engaged in the provision of retail banking services. You will gain an understanding of banks and financial intermediation; banking typology and the theory of the banking firm; bank regulation; trends in domestic and international banking; the retail service proposition; the demand for consumer credit; principles and practices of consumer lending; processes for granting credit; treating customers fairly; developing and managing credit scoring systems; client relationship management; debt management processes; small business management and funding requirements; sources of finance; principles and practices of business lending; evaluating lending propositions; constraints on lending; the need for and perfecting security; risk management at portfolio level; retail banks and retail banking in the future.

Year 3

If you are on the placement route, you will spend your third year on placement - a minimum of 36 weeks paid work experience. If you are on the overseas study route, you will spend your third year studying at one of our partner institutions, after which you will return to the university for your final year of study.

You will study four, 30-credit units:

  • Banking, Financial Markets and Institutions
  • Risk Management in Banking and Insurance
  • Micro/Macro Principles 3

And one unit from the following:

  • Economic Applications and Practice
  • Economics of Growth and Development
  • Economics of the European Monetary Union

Core Units
Banking, Financial Markets and Institutions

This unit will provide you with an examination and critical evaluation of the institutions, markets and mechanisms in place for the transfer of money in an economy. The financial system is examined in detail and the banking and economic crisis is explored in terms of causation and lessons for the future. As well as traditional theory, you will gain an appreciation of behavioural economics and an advanced understanding of the contemporary financial system, located nationally, globally and on the web.


Macro/Micro Principles 3

Intermediate principles of economic theory. In the microeconomics part, cost-benefit analysis, game theory and strategic behaviour in imperfect competition. In the macro part, the topics will include assessment of country's debts and deficits, money creation - high powered money multiplier and rules versus discretion in monetary policy.

Risk Management in Banking and Insurance

This unit has been designed to specifically to consider the risk management challenges faced in the banking and insurance sectors. We will survey the regulatory environment and consider recent developments. Consideration will be given to techniques and specifics that can be utilised to identify, assess, report on,  manage and monitor risk. The unit covers the following topic areas; the financial crisis, risk measurement (VaR), EWRM, banking regulation (Basel III & Vickers Report), securitisation, types of risk (credit, operational, liquidity,interest rate), derivative products, insurance company risks, investment of insurance funds, underwriting and pricing, and insurance regulation (Solvency II).

Likely Optional Units
Economic Applications and Practice

This unit focuses on applied economics and economic policy in action, thereby building on the foundation of micro/macroeconomic theory outlined at levels 4 and 5. The material analyses some of the current (macroeconomic) policy dilemmas facing policy makers in OECD economies– fiscal capacity/sustainability, growing inequality, financial stability, the limits of (non-conventional) monetary policy, international trade and the need for (sustainable/green) economic growth. The unit will also explore the (changing) role of international economic organisations (eg IMF, World Bank, Bank of International Settlements) post-crisis.

Economics of Growth and Development

This unit considers and evaluates contemporary theories, which purport to explain income asymmetries which persist in the modern world and how these might be addressed, within the context of economic growth and development. Fundamental concepts of the theory of economic growth, the Solow Model of economic growth, the Convergence Hypothesis, Conditional Convergence, Endogenous Economic Growth and Growth Policy, industrial strategy and industrial policy, Common Agricultural Policy (CAP), Primary commodities: EU/ACP Sugar Protocol, states and markets: privatisation, globalisation: competing perspectives on the world economy, decent work and decent livelihood strategies.

Economics of the European and Monetary Union

This unit introduces you to the background, theory and functioning of the European Monetary Union. Topics include the performance of European Monetary Union from its inception to present, advantages of central bank independence, fiscal policy in the European Monetary Union, exchange rate determination under fixed exchange rates, models of exchange rate regime crises and models of multiple equilibria.

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.

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:

  • Year 1 25% lectures, seminars or similar; 75% independent study
  • Year 2 25% lectures, seminars or similar; 75% independent study
  • Year 3 100% placement
  • Year 4 20% lectures, seminars or similar; 80% independent study
  • Year 1 30-50% coursework, 50-70% examination
  • Year 2 30-40% coursework, 60-70% examination
  • Year 3 100% practical
  • Year 4 30-40% coursework, 60-70% 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:

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


104-112 UCAS Tariff Points at A2 (Grades BCC-BBC) or acceptable alternatives e.g. BTEC Subsidiary Diploma, Diploma, Extended Diploma at Level 3 (Grades DMM).

Specific GCSE requirements

GCSE grade C or grade 4 in English Language and Mathematics. Level 2 Functional Skills English and Mathematics also accepted.

Non Tariffed Qualifications

106-112 UCAS Tariff Points from a relevant Access to HE Diploma with at least 45 credits at Level 3.

International Baccalaureate points

26 IB Diploma Points

IELTS score required for international students

6.0 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

Your career prospects after the course

Graduates from this course will be ultimately placed to go into careers within the banking and financial services industries but will have gained economical knowledge to pursue careers in financial forecasting, economic and financial analysis.

Large international banks, private wealth and asset management firms, as well as hedge fund management may all be suitable careers for graduates from this course, as would setting up your own independent consultancy or management practice.


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