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

Overview

Businesses, governments and institutions all rely on economists to help them examine issues, identify trends and deal with financial uncertainty.

With us, you’ll develop an understanding of how organisations and individuals invest and allocate their resources. You’ll examine the nature of the choices people make, and gain an insight into how those decisions affect every aspect of our lives – exploring issues like employment, the distribution of wealth, government spending and international trade.

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.

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.

While your first year gives you a good grounding in the principles of economics, you’ll have the opportunity to choose your route 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.

Whatever route you take, you should leave us with advanced analytical skills, enhanced critical evaluation, problem-solving abilities and the tools to interpret data and translate its meaning to non-economists. In other words, the kind of skills that great careers are built on.

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.
  • Choose a placement or study abroad – the course offers real flexibility as you will enrol on the three year course and then decide if a placement or overseas study is right for you once you have started your studies, so you don’t have to decide now.  
“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, and 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

Entry requirements

These typical entry requirements apply to the 2019 academic year of entry and may be subject to change for the 2020 academic year. Please check back for further details.

UCAS tariff points/grades required

112-120

A levels ­– BBC-BBB

Pearson BTEC National Extended Diploma – DMM

Equivalent qualifications and combinations will be considered, including Extended Project (EPQ) at grade C or above. Other AS levels (or qualifications equivalent to AS level) are not accepted.

Please contact the University directly if you are unsure whether you meet the minimum entry requirements for the course.

Specific GCSE requirements

GCSE grade C/4 in English Language or Level 2 Functional Skills English

and

GCSE grade C/4 in Mathematics or Level 2 Functional Skills Mathematics

Non Tariffed Qualifications

Pass Access to HE Diploma in a relevant subject with a minimum of 112 UCAS Tariff points

International Baccalaureate points

26 IB Diploma Points

IELTS score required for international students

6.0 overall with no individual 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

You will enrol on the three year course which will give you the flexibility when you start your studies to choose a year on placement or to study abroad in year two, so you would complete your degree over four years if you chose this option.

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. 

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.

Foundation year

This course has a foundation year available. For more information visit the foundation year page.

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

Read more about this year of study

Core Units

Introduction to Economic Principles II

This unit introduces students to key introductory micro-economic concepts and objectives. Consumer demand and firms' supply and business supply models, the three basic microeconomic models of the market and the implications of market structures on the individual, business and wider society as a whole are examples of topics to be covered. Topic areas could also include environmental economics; income distribution, ethics - inequality and the impact on individual consumers; raising government revenues through individual and corporate taxation. The Unit develops the foundations for the more advanced topics covered at Intermediate Economic Principles I and II, at Year 2 and Advanced Economic Principles I and II at Year 3.

Global Business Environment I

This unit explores the important and variously defined concept of globalisation, and analyse contrasting perspectives and views on the nature and potential impact of globalisation at the country level. This analysis will consider country factors that mediate the impact of globalisation, including the political, economic and legal systems, and the available resources, for example skills within the labour force, infrastructure, geographic location, natural resources.

Global Business Environment II

Building on the knowledge acquired in GBE1, this unit explores the nature and outcome of firm activities in home and chosen host locations. The theory and practice of international business strategy and market entry methods (export agreements, FDI, JV etc.) are explored, and the potential (and historical) outcomes evaluated. The ethical and environmental risks posed by international operations are explored and authentic responses and outcomes evaluated.

Introduction to Statistics PPD

Starting with a review of probability theory, this course develops students’ knowledge of statistical distributions and inference, before moving on to statistical testing and basic statistical techniques for the analysis of data. As data collection and assessment is essential for Economists the Unit also draws on PPD elements of data evaluation and presentation of key findings. The latter could take place on individual presentations, tailored to the specific needs of each student. Students will have to raise their self-awareness and be reflective (following feedback) on their own ability to communicating findings clearly and concretely. This will provide the foundations for Units at Years 2 and 3 (e.g., Current Issues I - PPD).

Mathematical Economics I

In Mathematical Economics I we will develop your ability to think about economic problems quantitatively, and through the use and application of mathematical techniques will learn how to solve them. We cover topics including: differentiation and integration, which provide the theory behind the optimisation of our production or consumption levels; and matrix algebra, allowing us to write complex economic systems in a new, compact form.

Computational Economics PPD

This Unit is designed to promote students' computing and quantitative skills. Students will be introduced to the use of University IT systems, including library systems, associated citation, and journal databases. They will also use the equation editor, styles and Endnote referencing functionality within Microsoft Word and related software. Students will also analyse data in Microsoft Excel and use Microsoft Excel’s solver functionality to solve a range of economic problems as well as an introduction to Visual Basic for Applications (VBA). Students will initially use Microsoft Excel for economic analysis, to be introduced to the STATA and R software to prepare them for subsequent units. This Unit introduces students to the quantitative skills that many employers require and is a key unit to enhance employability. Students will be also introduced to Personal and Professional Development (PPD) skills such as independence, time management, self-motivation, organisation, critical thinking, communication skills and personal values. PPD will feature in later Units as well to support students’ academic and professional success. Students will be encouraged to identify potential career paths part of the PPD process.

Data Analytics for Economics

This unit will provide students with knowledge and skills to competently handle economic data in a range of settings. The Unit will cover the principles of data storage, manipulation and retrieval; data cleaning and multiple source blending; database design; data visualisation (including geographic information systems), using practical examples. The Unit will also include introductions to programming concepts in relation to data analytics, to include an introduction to programming languages such as SQL/Python. The Unit will also introduce web scraping and the use of APIs to retrieve data.

Introduction to Economic Principles I

This unit evaluates the key domestic macro-economic objectives namely growth, inflation, unemployment and exchange rate stability via modelling, analysis, and applications – with an emphasis on assessing the UK economy within its international context. Topics to be covered could include the circular flow of income, the four sector Keynesian model, exchange rate and interest rate transmission mechanisms, money supply and money demand, supply side economics, inflation; unemployment; exchange rate systems; and growth and sustainable development. The Unit develops the macroeconomic foundations that underpin core units at Years 2 and 3 such as Intermediate and Advanced Economic Principles I and II.

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

Read more about this year of study

Core Units

Current Issues in Economics I - PPD (BA and BSc)

The Units develops a pedagogic approach towards enhancing students Personal and Professional Development alongside their training in applied Economics. The Units analyse topical debates in economics using a predominantly microeconomic framework, aiming to improve students’ understanding of the topics and the options available and by doing so boosting their employability. Topics draw on social policy and public goods provision.

Introduction to Econometrics PPD

This course introduces students to the core theory and application of econometrics using both cross sectional and time series approaches. Topics covered include matrix algebra, linear regression theory, inferential statistics, functional form, diagnostic testing, model building and prediction. Level 5 students will develop the PPD skills introduced at Year 1.

Mathematical Economics II

In Mathematical Economics II we build upon the skills learned in Mathematical Economics I and consider more complex means of optimisation by developing our knowledge of differentiation. Additionally, we continue to work with matrices in order to understand the mathematics behind statistical modelling techniques. Lastly, we consider some of the mathematics underpinning the study of financial valuation, which typically involve the application of time value of money formulae in the evaluation of various financial instruments, including equities, bonds and derivatives.

Applied Quantitative Analysis PPD (BA)

The Unit's objective is to build upon the foundations of quantitative skills developed at Year 1 and to prepare students for applying advanced econometric models to different economic scenarios at Year 3. As a result, the unit applies and interprets more complex mathematical and statistical skills, which will underpin students' wider applied economic understanding. Topics include marginal rates of substitution, returns to scale, implicit functions, optimisation techniques, matrix algebra and integral calculus, partial differentiation, maximisation techniques, confidence intervals, hypothesis testing and introduction to econometrics with ordinary least square-OLS estimation (multicollinearity, autocorrelation, dummy variables, lags and multiple regression). Year 2 students will develop the PPD skills introduced at Year 1.

Intermediate Statistics for Economists (BA)

This course provides students with the basic tools in statistical analysis. Topics to be covered include: comparison of means, cross-tabulations, ANOVA and basic regression modelling. The focus of the module is on applying statistical techniques to real world issues, rather than a detailed exposure to the underlying theory.

Research in Current Issues II (BA and BSc)

Examples of current topics to be covered include immigration’s contribution to the economic activity, improving schools’ effectiveness, tertiary education challenges, the future of the NHS-health economics, environmental challenges and de-growth economics, the UK’s productivity puzzle and policies to improve productivity in the long-run. The Unit provide an integrated academic framework for the study of applied Economics within an international environment. By drawing on applied economic issues that challenge policy-makers the Unit will focus on the literature review surrounding these and will require students to employ relevant Research Methods to derive potentially viable solutions. In this way, the Unit (together with Applied Quantitative Analysis below) provides sound foundations for the Qualitative Dissertation unit at Year 3.

Intermediate Economic Principles II

This unit examines the way individuals, society and institutions (such as firms) make decisions in an environment of finite resources. The analysis is complex and mathematical, in order for more nuanced judgements on which the most appropriate decisions in given contexts to be reached. Topics may covered include the following: individuals' and producers' behaviour; utility theory; public goods and externalities; behavioural economics; asymmetric information; cost benefit analysis; market power and pricing decisions; imperfect completion including strategic behaviour.

Intermediate Economic Principles I

This unit provides intermediate modelling in macroeconomics, which forms the foundations for the advanced applied and theoretical units of the course at Level6. Examples of topics to be covered include money supply-money demand, labour market models and applications, institutional economics, adjustments to shocks, the key determinants of consumption and the role of the rate of interest, business cycle analysis and the effectiveness of fiscal and monetary policy. The Unit draws in particular on the challenges facing UK economic institutions.

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

Read more about this year of study

Core Units

Advanced Economic Principles I

The Unit assesses advanced models in macroeconomics, with emphasis placed on their theoretical foundations and effectiveness against real world challenges. The models’ limitations in addressing economic problems emanating from the Great Recession are addressed. The focus of the Unit content is the UK economy. As such, the complex nature of the economic dilemmas facing the UK government, the Bank of England and domestic organisations (such as the ONS, OBR, CBI etc.) and private sector firms are reflected. The Unit will equip students with the tools required to advice policy makers, enhance their strategic decision-making skills and conduct independent research. Potential topic areas include: approaches to money creation, Quantitative Easing, monetary targeting, deficit financing, debt management, adjustment to economic shocks and exchange rate determination in open economy

Advanced Economic Principles II (BA and BSc)

The Unit assesses advanced models in microeconomics, with emphasis placed on their theoretical foundations and effectiveness against real world challenges. The models’ limitations in resolving current economic challenges are addressed. The focus of the Unit content is the UK economy. As such, topics such as the UK’s productivity puzzle, insurance and uncertainty are covered. Further issues include: Decision making under risk and uncertainty; critiques of and alternatives to expected utility theory; insurance markets; game theory; information economics. The Unit will equip students with the tools required to advice policy makers, enhance their strategic decision-making skills and conduct independent research;

International Business and Global Change (BA)

The unit provides a critical examination of the global economy and the growing complexity of international business activity. It focuses on the nature and pattern of international economic activity, evaluating the suggested drivers of globalisation and of multinational corporations. In addition, international business environments and the various methods of servicing overseas markets will be evaluated. Finally, the growing complexity of international production systems and the new international division of labour will be discussed. Students will be able to interpret international business strategies and trends in the world economy. A good background in current affairs and international business and economic activity would be beneficial.

Economic Policy Making I - PPD (BA)

The unit will provide students with an understanding of how economic policies are made in ‘the real world’ – primarily in the UK, but also in other domestic environments and at the international level. This will include an overview of how economic theory and data is used by economic policy makers in practice, but also how political institutions and ideologies, and the distribution of power, affect the making of economic policy, drawing upon a political economy perspective. Specifically, this unit will focus on the operation of institutions such as finance departments, central banks, local government, and international organisations. For final year students PPD will focus on career path choices and developing the personal skills required for careers in Economics related professions such as communication skills, resilience and confidence.

Economic Policy Making II - PPD (BA)

This unit will provide students with an understanding of how economic policymakers are seeking to address ‘real world’ economic challenges – primarily in the UK, but also in other domestic environments and at the international level. It will build upon Economic Policy Making I by analysing how political institutions and ideologies, and the distribution of power, affect the making of economic policy. Specifically, it will consider the aims, behaviour and performance of policy-makers in relation to issues such as financial crisis, public service delivery, international development, trade, the UK’s withdrawal from the EU, industrial strategy, technological change and labour market inequalities.

Dissertation Project -Qualitative - (BA)

This unit will provide the opportunity to research and produce a sustained, in-depth, research based, piece of scholarly work based on a specific topic of study. Enhancing student research skills gained in Current Issues in Economics I-PPD, Research in Current Issues-II and Applied Quantitative Analysis-PPD at Year 2, the focus is on independent study and the topics have to involve appropriate qualitative research methods. Students will work closely with supervisors in the development of research skills and meeting the demands of a sustained project including organisation, writing up and editing. The Dissertation will be of up to 10,000 words and should demonstrate an advanced understanding of key aspects of the chosen topic and discipline, evaluating evidence, arguments and assumptions. Dissertations should present clear communication, concise articulation of key themes and accuracy in written presentation.

Econometrics I PPD - (BSc)

This unit focusses on developing skills in analysing economic questions using cross-sectional and panel data. A focus of the course is to design (micro)-econometric models to be able answer causal questions, such as; Does immigration increase unemployment? Does going to university increase your future salary? What makes people more likely to become entrepreneurs? For final year students PPD will focus on career path choices and developing the personal skills required for careers in Economics related professions such as communication skills, resilience and confidence.

Dissertation Methods

The 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. The assessment will involve writing and presenting a research proposal, which will help students to think out the research project; formulate a plan that makes clear statements of aims & objectives and rationale for methodological choices as well as identifying appropriate theoretical underpinnings and sources of literature review as well as data and methods to be used.

Econometrics II: Time Series Analysis and Forecasting - (BSc)

Econometrics II develops the theory presented in Econometrics I and considers time-series analysis. The Unit determines whether economic events are to be causally related, or merely coincidentally timed. Major topics include co-integration modelling of long-term relationships, Granger Causality, Vector Auto regressions and univariate time-series forecasting. Applications include parameterising and estimating the Keynesian consumption function, considering evidence of the crime/poverty link in the UK economy and the impact of climate change on the local visitor economy.

Dissertation Project - Quantitative

This unit will provide the opportunity to research and produce a sustained, in-depth, research based, piece of scholarly work based on a specific topic of study. The focus is on independent study and the topics will involve quantitative methods. Students will work closely with supervisors in the development of research skills and meeting the demands of a sustained project including organisation, writing up and editing. The Dissertation will be of up to 10,000 words and should demonstrate an advanced understanding of key aspects of the chosen topic and discipline, evaluating evidence, arguments and assumptions. Dissertations should present clear communication, concise articulation of key themes and accuracy in written presentation.

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:

Assessment Details

 Teaching and Learning

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: £16,500 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: £15,500 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

Placement Costs

 4 Years Full Time / Optional

Fee: £1850 concessions are available for low income students

Funding

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

Money Matters

Want to know more?

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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