BA/BSc (Hons) Economics

We’ll help you get to grips with cryptocurrencies, Brexit economics and the challenges caused by financial uncertainty.

Attend an open day How to apply
Attend an open day How to apply

We're a double-accredited Business School

Overview

Economics helps us understand how organisations and individuals invest and allocate resources. It’s a discipline that lies at the heart of banking, insurance, accountancy, government and more.

Our expert staff, including two former Treasury advisors, a former head of research and policy at Greater Manchester Chamber of Commerce, and a leading expert in Brexit and European politics, shape debates around economic development, devolution and post-crash economics.

Relevant, cutting-edge teaching

Working in partnership with companies like AJ Bell and local government, your learning will be relevant to what is happening right now. You’ll study areas including economic policy, cryptocurrencies, economic forecasting and informing regional and national government policies. 

While your first year gives you a good grounding in the principles of economics, you’ll have the opportunity to choose your own pathway in your second year – whether that’s focusing on the statistical, quantitative side of the discipline, or exploring more of the policy aspect of the subject.

Economics offers a variety of career paths and we’ll help you develop the skills employers look for in a range of sectors. Our graduates have achieved impressive roles with organisations like the Cabinet Office, the Government Economic Service, PwC and the UN.

Features and Benefits

  • Unique subject areas – we go beyond mainstream economics. You’ll learn about non-conventional approaches, cryptocurrencies and the impact of Brexit.
  • Learn from leading economists – you’ll be taught by experts who are shaping economic development in Manchester, post-Brexit Britain and fast-growing European economies.
  • Location – Manchester has one of the fastest growing economies in the world, so it’s a great lab for your studies.
  • Flexible – you’ll start the BA and can switch to the BSc while you’re on the course. This is a great option if you decide to specialise in quantitative economics.
  • Free access to Bloomberg Terminal and Strata – leading global platforms used by the world’s banks, corporations and government agencies for news, data, analytics and research.
  • Regular events – join our Professional Development Weeks, guest lectures and masterclasses and network with key employers looking for people like you.
“The Business School has many opportunities to network with large companies, such as KPMG, Bupa and Aldi. It was quite eye opening to see what they were looking for in their management trainees.” Mardiyyah Islam. BA (Hons) Economics

Accreditations, Awards and Endorsements

"We’re at the heart of shaping post-Brexit debates, economic development, sports governance, core cities, and devolution in Manchester and the North West.”

Professor Donna Lee, Head of Department

Career Prospects

We’ll help you develop the advanced analytical and numerical skills, the ability to solve problems, interpret data, convey solutions to non-economists and advise others.

Your economic expertise skills are useful in a wide range of careers. In fact, over 94% of our graduates had jobs or were continuing their studies within six months of graduation (DLHE 2017).

Other than economics, your options might include:

Our graduates are working both as economists and in jobs where their wider skills are extremely valuable. They’re working at companies like HM Treasury, Government Economic Service, PWC, Deloitte, HMRC, Office for National Statistics, NHS and Experian.

Or, if you want to explore the subject further, you might also decide to carry on your studies with a postgraduate degree.

Learn more about graduate careers

0%

of BA (Hons) Economics graduates go straight into employment and/or further study.

DLHE survey 2017, for all respondents available for employment or further study and whose destinations are known.

Entry requirements

UCAS tariff points/grades required

104-112

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

ass Access to HE Diploma in a relevant subject with a minimum 106 UCAS Tariff Points.

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.

MEET THE EXPERTS

“We teach a mainstream core curriculum in economics, international business; the impact of sports governance and the development of sport as a business.  But as a modern university, we go much beyond that…”
 
Listen to what Donna Lee, Head of Department, has to say about studying at Manchester Metropolitan University…

Course details

During your studies of economics, you can choose to tailor your degree to a particular area of specialisation, such as applied economics, based on your interests and strengths. 

In Year 1 your studies provide a thorough grounding in Economics.

In Year 2 you start to specialise through either choosing a pathway or the quantitative analysis unit if you wish to progress to the BSc.

In Year 3 you can complete the BA (Hons) Economics or transfer to BSc (Hons) Economics, which has a stronger focus on applied statistical knowledge and quantitative skills.

Please note that we do not accept direct applications to the BSc degree. A four year route is available where you can undertake a placement year working in industry or studying abroad. 

During this year you will study a variety of units. Please see below:

Read more about this year of study

Core Units

Business and Financial Environment (15 credits)

This unit exposes you to the development and current context of the business environment examining domestic and international roles. The main themes this unit covers include: business environment, interpretation of financial analysis, competitive environments, organisational culture and challenges from globalisation. 

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.

Personal and Professional Development

This 15-credit unit has been developed to assist you with the transition from further to higher education and aims to address your personal, professional and academic needs as a new undergraduate student. The unit aims to provide a holistic approach to developing your employability skills and attributes by supporting you at the first stage of your transition from university entry to professional entry level. During this unit, you will explore your own personal development via the emergent Life Skills or Soft Skills perspective. The unit seeks to develop your personal attitudes and behaviours towards the concept of Professional Development via the Faculty of Business and Laws Early Career Professional skills framework, which includes thinking critically, communicating effectively, professional and commercial awareness, and being able to demonstrate values. The unit has been designed to offer a potential parallel route for students to register for and gain the University's Futures Skills Award within the period of study.

Introduction to Macroeconomic Principles

This unit introduces you to the key domestic macro-economic objectives, modelling, analysis and applications with an emphasis on assessing the UK economy within its international context. The main topic areas include: the circular flow of income; the Keynesian income-expenditure approach; transmission mechanisms; supply and demand for money; monetary and fiscal policy; supply management; inflation; unemployment; international trade; exchange rate systems; and growth and sustainable development. 

Introduction to Microeconomics

This unit will look more closely at how individuals, society and institutions (such as firms) make decisions. The tool kit will become more complex and mathematical in order that we can reach more nuanced judgements on which decision would be the most appropriate in given contexts. We will cover topics such as: individual and producer behaviour; utility theory; public goods and externalities; behavioural economics; asymmetric information; cost benefit analysis; market power and pricing decisions; imperfect completion including strategic behaviour. In addition, you will also look at the impact of non-conventional market-based theories on aspects of micro-economic thought.

During this year you will study a variety of units. Please see below:

Read more about this year of study

Core Units

Intermediate Microeconomics

This unit will look more closely at how individuals, society and institutions (such as firms) make decisions. The tool kit will become more complex and mathematical in order that we can inform judgements on which decision would be the most appropriate in given contexts. We will cover topics such as; utility theory; public goods and externalities including environmental challenges; behavioural economics; game theory and applications; asymmetric information; general equilibrium; market power and pricing decisions; and imperfect completion including strategic behaviour.

Intermediate Macroeconomics

This unit is designed to provide intermediate modelling in macroeconomics, which form the theoretical foundations for applied and theoretical units at level 6. Topics such as ISLMBP analysis, money supply-money demand, extensions of the Phillips Curve, labour markets models and applications, exchange rates and international macroeconomics are some of the key topics covered.   

Quantitative Analysis in Economics and Finance

In this unit, you will apply and interpret more complex mathematical and statistical skills, which will underpin your wider acquisition of economic knowledge and tools. Partial differentiation, maximisation techniques, calculus, and introduction to statistics with OLS are covered. 

Option Units

Schools of Economics

In this Unit students will explore methodological and theoretical issues relating to the development and fragmentation of economics, as a discipline, into diverse and often contradictory schools. This will
include the study and comparison of two distinct schools of economics (e.g. Austrian and Marxist).

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.

Economics of Money and Banking

This unit examines and critically evaluates the mechanisms in place for the transfer of money in an economy. It also considers the impact of money markets and their regulation on both the national and international economy. Introduction to the financial systems and role of money in the economy; main attributes of a money economy; nature and role of financial intermediation; determination of interest rates; risk and term structure of interest rates; the role, importance and impact of money markets on the economy; the bond markets; foreign exchange; the role of the Bank of England; major deposit taking institutions; non-banking financial intermediaries; financial derivatives and regulation of the financial system.

Economics of Corporate Finance

This course focuses on financial decision making in the modern corporation. The basic issues include: capital budgeting/corporate investment, capital structure, corporate sources of funding, international finance, and financial risk management. I. Introduction and overview of corporate finance; II. Present value and the opportunity cost of capital;  III. The value of common stock; IV. Topics on net present value; V. Efficient markets; VI. Capital structure; VII. Risk, return and the opportunity cost of capital; VIII. Capital asset pricing model; IX. Futures and Options Markets.

International Political Economy

This unit explores and critically appraises the relationship between states and markets, and assesses the impact of institutions of global governance on the dynamics of the global economy. The unit addresses the following issues: Globalisation and regionalism; Contemporary issues such as climate change, the global economic recession, economic development, international security (including their ethical and sustainability dimensions);  Global governance of trade, finance, investment and development. 

During this year you will study a variety of units. Please see below:

Read more about this year of study

Core Units

Dissertation (Quantitative)

The dissertation unit gives the opportunity to engage in independent study focusing on a relevant economic, social science or business related area of choice with guidance and supervision. The unit encourages the development of autonomous learning, requiring a commitment to study, initiative, confidence, perseverance, self-motivation and organisation in deploying knowledge, concepts and skills acquired throughout the degree. The topics of study will involve quantitative methods.

Option Units

Economics and Crime

The economics of crime is an area of growing activity and concern, increasingly influential both to the study of crime and criminal justice and to the formulation of crime reduction and criminal justice policy.  The module includes an introduction to basic economic concepts and explores how they can be applied to the study of crime and criminality. It also provides a detailed discussion of rationality as an economic concept and its development as a strand of some criminological theories such as Rational Choice theory and Routine Activities theory. 

International Economics

This unit will address issues in both international trade theory and commercial policy. Part 1. International Trade Theory: 1. The Classical Model of the Basis of Commodity Trade 2. The Heckscher-Ohlin Model of Commodity Trade 3. The Gains from Trade and the Distribution of Income 4. Alternative Theories of Comparative Advantage 5. International Factor Movements - Direct Foreign Investment 6. International Factor Movements - Labour Migration: Part 2. The Theory of Commercial Policy: 7. General Arguments for Tariffs and Optimal Tariffs 8. The theory of the Second Best 9. Non-tariff Barriers to Trade 10. Theory of Customs Union and Free Trade Areas 11. Strategic Trade policy 12. Regulating International Trade: GATT to WTO.

Environmental Economics

In this unit students will build on the tools and knowledge they have acquired in the preceding levels and apply them to complex environmental natural resources policy issues.

Corporate Finance and Investments

Focuses on financial decision making in the modern corporation. The basic issues include: capital budgeting and corporate investment, capital structure, corporate sources of funding, international finance, and financial risk management.

Econometrics: Analysis and Forecasting

Econometrics, literally measuring economics is the technique whereby hypotheses and theories about society and business can be modelled and tested. Time-series analysis allows us to make simple forecasts of likely future outcomes based on recent economic patterns.

International Business and Global Change

The unit provides a critical examination of the processes of globalization and the growing complexity of international business activity, which are transforming the world economy. The main topic areas include an examination of the changing nature and distribution of economic activity, an examination of the meaning of globalisation, an evaluation of the key processes and drivers of globalisation, theories of multinational corporations, the nature of international business environments, methods of servicing overseas markets, production strategies and labour resources.

Contemporary Political Economy

In this unit, various modern and contemporary schools of Political Economy will be explored as responses to the current economic environment and also as reactions to mainstream orthodox economic theory. This will include such examples as the Post-Autistic Movement; The Other School of Economics and Islamic Economics; as well new ideas as they emerge.

Dissertation (Qualitative)

This unit will provide the opportunity to research and produce a sustained, year long, in-depth, research based, piece of scholarly work based on a specific topic of study. The onus is on independent study. The dissertation unit gives the opportunity to engage in independent study focusing on a relevant economic, social science or business related area of choice with guidance and supervision. The unit encourages the development of autonomous learning, requiring a commitment to study, initiative, confidence, perseverance, self-motivation and organisation in deploying knowledge, concepts and skills acquired throughout the degree. The topics of study can involve methods such as interviewing, content/document analysis, case studies or mixed methods (triangulation).

Advanced Economic Theory

The unit addresses advanced macroeconomic and microeconomic models and evaluates their effectiveness against real world challenges. Emphasis is placed on the topics’ theoretical foundations, supplemented by their real world applications that inform government’s policy options and decision-making and firms’ constraints. As such, the dilemmas facing the UK government, the Bank of England, domestic institutions, firms and international organisations are assessed. Topics include: Macro: Approaches to money creation, the impact of Quantitative Easing, Central Bank policies and monetary targeting, alternatives of deficit financing, debt profile characteristics, adjustments to shocks - Brexit, debt management, wealth effects and exchange rate determination in open economy. Micro: Decision making under risk and uncertainty; critiques of and alternatives to expected utility theory; insurance markets; game theory; information economics.  

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 of 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
Assessment
Optional foundation year

Placement options

Most of our business degrees offer the chance to spend a year getting a taste of professional life. It not only gives you the opportunity to develop your core skills and learn about how business really operates in your industry, but also shows employers that you’re ready to get to work.

The Business School Placement Team is ready to help. They offer a wide range of services, including employer presentations, advice and placement fairs. But it’s also up to you – the more proactive you are about applying for placement opportunities, the better.

Find out more about what a placement can do for you. Visit our placements page.

Study Abroad

Many of our courses offer the opportunity to spend up to a year overseas, studying with one of our partner institutions across Europe, or beyond. Go abroad in the third year of your degree, and you’ll not only learn about other cultures, improve your language skills and discover more about yourself – you’ll also boost your career prospects. Having first-hand knowledge of another country’s cultures and traditions can take you far in a range of careers. And, by going abroad you’ll also demonstrate the kind of independent spirit and adaptability that many employers want.

Working Abroad

Gaining work experience with an international flavour offers a double benefit. While you’ll learn valuable professional skills in a real-world workplace, you’ll also experience different cultures, ways of working and new perspectives. Whether it’s a summer exchange, holiday internship or year-long international placement, global experience can make a world of difference to your career prospects.

A City Of Opportunities

Manchester is the engine room of the Northern Powerhouse – an economic success story written even while other areas of the country struggle. Here, business thrives in districts like Spinningfields, which is home to more than 150 financial and commercial services organisations, while initiatives like the Start-up Factory and the Sharp Project help forge the next generation of commercial enterprises.

For today, that puts us in the perfect place to offer an education rooted in the real world – with relevant skills, useful experience and valuable connections to support your entrepreneurial ambitions. For tomorrow, that puts you in a city with a wide range of employers and a growing demand for ambitious graduates.

Department of Economics, Policy and International Business

Our Economics, Policy and International Business Department advances knowledge on the issues that matter on a contemporary global stage.

The department is committed to teaching excellence and is led by world-class professionals and academic economists. Reacting to the global needs of the digital age, its aim is to enable students to explore the vast areas influenced by economics and policy.

More about the department

Taught by experts

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.

Meet our expert staff

Fees

Foundation Year students

UK, EU and Channel Island students: Full-time Foundation Year fee: £9,250 per year for the foundation year. This tuition fee is agreed subject to UK government policy and parliamentary regulation and may increase each academic year in line with inflation or UK government policy for both new and continuing students.

Non-EU international students: Full-time Foundation Year fee: £16,000 per year. When progressing from the pre-degree foundation year to the linked degree. Tuition fees will remain the same for each year of your course providing you complete it in the normal timeframe (no repeat years or breaks in study)

UK, EU and Channel Island students

UK, EU and Channel Island students: Full-time fee: £9,250 per year. This tuition fee is agreed subject to UK government policy and parliamentary regulation and may increase each academic year in line with inflation or UK government policy for both new and continuing students.

Non-EU international students

Non-EU international students: Full-time fee: £16,000 per year. Tuition fees will remain the same for each year of your course providing you complete it in the normal timeframe (no repeat years or breaks in study).

Additional Information

A degree typically comprises 360 credits, a DipHE 240 credits, a CertHE 120 credits, and an integrated Masters 480 credits. The tuition fee for the placement year for those courses that offer this option is £1,850, subject to inflationary increases based on government policy and providing you progress through the course in the normal timeframe (no repeat years or breaks in study). The tuition fee for the study year abroad for those courses that offer this option is £1,385, subject to inflationary increases based on government policy and providing you progress through the course in the normal timeframe (no repeat years or breaks in study).

Additional costs

Specialist Costs

£10

Scientific Calculator £10. All of the books required for the course are available from the library. The University also has PC labs and a laptop loan service. However, many students choose to buy some of the core textbooks for the course and/or a laptop. Students may also need to print their assignments and other documents. Campus printing costs start from 5p per page. Estimated costs are £300 for a laptop up to £100 each year for books and printing. Total optional cost: £600

Placement Costs

We have a dedicated Placement Team to support you in securing a placement with a professional employer.Fees for the Placement Year are substantially reduced. Additionally, you will incur costs including travel/living costs in securing and undertaking a placement. For the Overseas Study route, students should be aware that costs vary hugely between countries, areas and even between universities within the same country so it is very important to research costs well ahead of time.

Funding

Find out more about financing your studies and whether you may qualify for one of our bursaries and scholarships.

Money Matters

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How to apply

You can apply for this course through UCAS.

Apply now

UCAS code(s)

3 year full-time programme: L100

4 year placement programme: L102

With overseas study: 2W62

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

You can review our current Terms and Conditions before you make your application. If you are successful with your application, we will send you up to date information alongside your offer letter.

MANCHESTER IS YOUR CITY. BE PART OF IT.

Programme Review
Our programmes undergo an annual review and major review (normally at 6 year intervals) to ensure an up-to-date curriculum supported by the latest online learning technology. For further information on when we may make changes to our programmes, please see the changes section of our Terms and Conditions.

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. Please check back to the online prospectus before making an application to us to access the most up to date information for your chosen course of study.

Confirmation of Regulator
The Manchester Metropolitan University is regulated by the Office for Students (OfS). The OfS is the independent regulator of higher education in England. More information on the role of the OfS and its regulatory framework can be found at officeforstudents.org.uk.

All higher education providers registered with the OfS must have a student protection plan in place. The student protection plan sets out what students can expect to happen should a course, campus, or institution close. Access our current Student Protection Plan.

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