BA (Hons) Economics and Finance (Joint Honours)

The worlds of economic theory and real-world money matters meet in this degree. You’ll develop vital skills and a unique perspective.

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We're a double-accredited Business School

Clearing
2019

This course is open for Clearing applications for international fee-paying students only.

Call the Clearing helpline on +44 (0)161 247 3000 to make an application or visit our Clearing pages for more information.

Overview

Economics and finance shape many aspects of our lives. With challenges such as Brexit looming large, there’s never been a more interesting time to work in this field.

This course blends economics with financial analysis, combining the latest theory with practical elements. You’ll develop a range of skills that employers in many industries are looking for. 

You’ll assess the impact of economic and financial decisions within organisations, carry out your own research and develop professional skills that will serve you well in your chosen career.

Economic trends and influences affect many people. You’ll learn to explore these from the perspective of consumers, employees, industry, commerce and government.

Critical-thinking and problem-solving skills will support this depth of knowledge. It’ll mean you’re well placed to work in management and finance-related fields in any industry.

And our Business School has excellent links with industry, feeding into our course content and giving you excellent placement opportunities if you choose to do one in your third year.

You can choose between a range of option units in your second and final years. This gives you an exciting opportunity to tailor your course to suit your interests and career aspirations.

Features and Benefits

  • Economics and finance experts – learn from leading academics and professionals who advise organisations like AJ Bell, the United Nations, UEFA and the World Trade Organization.
  • Unique subject areas – we go beyond mainstream economics and finance. You’ll learn about non-conventional economics, cryptocurrencies and the impact of Brexit.
  • Location – Manchester boasts one of the largest financial services economies in Europe. You’ll be surrounded by renowned companies and a community of financial professionals.
  • Flexible learning – as you study the same units as our BA (Hons) Economics and Banking course in your first year, you could switch course in year two.
  • Placement or study abroad flexibility – you will enrol on the three year course and 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.  
  • Free access to Bloomberg Terminal – make the most of the leading global platform used by the world’s banks, corporations and government agencies for news, data, analytics and research.
  • Regular industry events – attend guest talks and masterclasses, network with recruiting businesses, or take part in events in the Accounting, Finance and Banking Society’s programme.
  • Employability – graduate with a degree that’s well respected in professional circles and compete for high-profile roles.
“I enjoyed the mix between the vocational finance and the more traditional economics side of the course. It was a nice blend of number crunching, independent research and professional skills development.” Joe Allen, BA (Hons) Economics and Finance graduate.

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, Director of Future Economics.

Career Prospects

You’ll develop skills that will serve you well in management and finance-related roles.

That means you’ll have a wealth of career opportunities open to you. Working in financial services is just one of the options. Your economic knowledge will also enable you to pursue a career in:

Employers know we equip our graduates with the skills they need in this fast-paced sector. You’ll learn from experts at the forefront of the economics and finance field who provide training to the likes of PwC and HMRC.

That means you’ll have good employment prospects and the possibility of working your way into high-profile roles. 

You’ll also have the knowledge and skills you need to set up your own consultancy or management practice if that’s your ambition.

Learn more about graduate careers

0%

of graduates go straight into employment or further study within six months of graduating.

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

Pass 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.

Read more about this year of study

Core Units

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.

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. 

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.

Micro/Macro Principles 1

This unit covers introductory theories of microeconomics and macroeconomics. The former covers theories of supply and demand, elasticity estimations and utility theories. The latter covers models such as the circular flow of income, the four sector Keynesian model and the Phillips Curve.

In Year 2, your studies progress to intermediate Economics as well as Economics of Corporate Finance and Introductory Econometrics.

Read more about this year of study

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.

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 competition); externalities and utility maximisation. For macroeconomics, theories of consumption, money supply (money creation) and money demand, expectations and ISLM model in a closed economy.

Option Units

Management Accounting and Internal Systems

Building upon the Financial Decision Making unit, you will develop a broader insight into management accounting. Core unit themes include using management accounting techniques to produce, analyse and interpret management accounting information for planning, control and decision-making in a modern business context. You will also study the wider business context within which information systems operate and analyse how information systems can be implemented in support of the organisations strategy.  The unit will introduce the concept and tools and techniques of operations management. Studies will cover topics such as: Cost predication, cost accumulation using modern costing techniques, producing management accounting information for short-term decision making, product pricing, further aspects of budgeting and advanced variance analysis. In addition, you will look at the role of information systems in organisations, including enterprise-wide and other emerging systems and discuss ways of implementing, organising and managing information system activities as well as an introduction to the concept of supply chains, supply chain management and process mapping.

Financial Reporting

This unit develops your skills in preparing financial statements for corporate entities using IFRS. Your studies will cover the ethical application of a range of accounting standards for single companies and basic groups. It will help you apply these standards to common business transactions. You will analyse financial statements in a range of contexts and understand the governance implications of financial reporting.

Corporate Finance and Tax 1

This unit allows you to explore the issues involved in corporate financial management.  You'll examines the basic principles of financial management and apply them to the main decisions faced by financial managers.  The unit covers the following topic areas - The objectives of financial management, Time Value of Money, Valuation – Bonds / Company, Cost of Capital, Portfolio Theory, CAPM, Efficient Markets Hypothesis, Dividend Theory, Capital Structure, Investment Appraisal Techniques, Real Options. The tax aspect of the unit will cover an introduction to both personal, business and corporate taxation to give you a core understanding of taxation.

In Year 3, your studies will involve advanced Economic Theory together with Corporate Finance and Investment.

Read more about this year of study

Core Units

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.

Option Units

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.

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.

Corporate Reporting

This unit will develop the understanding of conceptual frameworks and accounting theories and their application in the current business environment. It will develop your knowledge of accounting standards, group reporting and corporate analysis in complex environments. You will develop and appreciation of the common ethical, professional judgement and governance scenarios in which a professional accountant operates.

Corporate Finance and Tax 2

This unit builds upon the introductory financial management concepts in "Corporate Finance & Tax 1". The course covers advanced Investment Appraisal, cost of capital and business valuations using commercial examples. New topics introduced include risk management, focusing on the use of financial instruments to manage exchange rate index; commodity and interest rate risk and option pricing using the BSM model and the use of real options. The tax aspect of this unit develops previous knowledge gained to look at the tax consequences of real-world scenarios for both individuals, businesses and corporations and the mitigation of tax liabilities through tax planning.

Current Issues in Management Accounting

Building upon the Management Accounting and Internal Systems unit at Level 5, you will develop a strategic insight into management accounting and performance management.  Your studies will cover topics such as: The elements of Management Accounting, competitive strategies and how they influence management accounting practices, traditional and modern performance management techniques, transfer pricing, reward systems and behavioural aspects of management accounting, ethical issues in management accounting, quality management (including practices of continuous improvement) and how they impact management accounting and contemporary issues in management accounting.

Business Environment and Operations

This unit provides you with a holistic view of management across the organisation in particular the role of the management accountant. The unit builds on important concepts from management account studies and ethics, and includes strategic options, skills and issues the accountant would be exposed to in an organisational environment. Your studies will cover topics such as identifying types of competitive environment, developing strategies, CSR and ethics, the marketing environment, developments in strategic management; you will be learning the tools and techniques of project management including the role of a project manager. In addition to the competitive environment and project management you will also learn the concepts associated with the effective operation of an organisation and the various approaches of management and leadership, including the activities associated with managing people.

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

Placement options

Most of our 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.

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.

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

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

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

This course is only open to International students through Clearing

Call our friendly team to find out more about this course and how to apply through Clearing

Please have the following information available:

Call us +44 (0)161 247 3000 Or email internationalclearing@mmu.ac.uk

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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