Finance and Economics BSc (Hons)

Full-time undergraduate (3 years, 4 years with placement)

Chelmsford

September 2016

code: LN12, LN13

Available in Clearing call 01245 686868


Overview

Develop the skills you need to make important business decisions, from expanding a company, to investing in new products and services. Our degree course will open up a range of careers in finance and economics, and could be your first step towards becoming a professional accountant.

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Full description

Careers

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Our degree can be your first step towards becoming a practising accountant – but it can also open up other careers in both finance and economics. You could work in a range of businesses and industries, in the public, private or third (voluntary) sector.

Throughout our BSc (Hons) Finance and Economics, you’ll benefit from lectures and seminars on career-relevant issues, such as CV preparation, job-hunting, obtaining work experience and using social media.

When you graduate you might also choose to undertake postgraduate study, such as our MSc International Business, MSc Management, or MSc Finance.

Modules & assessment

Year one, core modules

  • Academic Skills
    On this module, you'll learn a range of skills required to function effectively as an independent self-learner. You'll develop both practical and academic skills that are essential for you to be successful in your chosen business undergraduate degree. The module will equip you with skills that can be used in modules throughout your chosen degree. The focus of the module includes: the use of information technology and associated software packages, presentation skills, problem-solving, both individually and in teams, critical analysis, critical writing and referencing.
  • Business Analytics
    The module begins by reviewing various techniques for collecting and presenting data. Some important measures and techniques for making sense of raw data are then introduced which are widely used by businesses when analysing both their internal and external environments. This module builds on the introduction to spreadsheet packages previously encountered in semester one where you’ll be helped to develop further hands-on skills in using such packages in computer workshops. Careful attention is also paid throughout the module to the interpretation and application of the various quantitative methods and techniques to the solution of real-world business problems. Innovative video software is used to support you throughout the module.
  • Economics for Managers
    This module introduces you to the fundamentals of economics and focuses on applying key economic insights to business and management. First, the module focuses on microeconomics - the decisions and behaviour of individuals and firms. The economic principles underlying the determination of price and output, firm costs, industrial structure and market failures are outlined. Next, the module focuses on macroeconomics - the economy at national and international levels - and its impacts on business behaviour. You’ll learn how the key macroeconomic variables (inflation, unemployment, and so on) influence business activity and government macroeconomic policy.
  • Foundations of Finance
    This module introduces you to the basics of financial management. The purpose of this module is to equip you with a framework and basic tools and techniques necessary to make sound financial decisions. Both short and long term decisions need to be made within the corporate environment. In the short-term, organisations need to manage their liquidity position and to this end, you’ll learn about the main components of working capital management, including cash, inventory, receivables and payables management. Long term projects will also be evaluated using investment appraisal techniques such as accounting rate of return, payback method, internal rate of return and net present value analysis. The module will introduce you to the decisions that need to be made in relation to each of the concepts and the tools that can be used to aid in this decision-making. This will include evaluating sources of finance and the associated costs of each source, exploring the dividend policies that can be adopted by an organisation and the impact of such policies as well as using the aforementioned investment appraisal techniques to assess investment opportunities.
  • Introduction to Management Accounting
    This module is designed to emphasise the acquisition and application of skills and knowledge necessary to inform managers responsible for planning, decision-making and control and will provide the underpinning skills and knowledge required for more advanced study. The key issues addressed will be the fundamentals of cost data collection, analysis and allocation of costs, costing of products and services, decision making using absorption (including Activity-based costing), marginal costing techniques and cash flows, budgeting and budgetary control. The key techniques and their theoretical underpinning will be explained in lecture sessions and you will be expected to work on practical examples and case studies for discussion and clarification in seminars.
  • Mathematics for Economists
    This module provides a solid grounding in the theory and application of the mathematical techniques widely used in Economics. Mathematics is the language of economics and the techniques taught in this module form the foundations upon which the material in subsequent years are built. The module begins with revision of basic algebra and then covers: exponents, roots and logarithms; manipulation of algebraic expressions; linear and non-linear functions and more. The module runs over semester 1 and semester 2 in the first year of BSc Business Economics.
  • Micro and Macroeconomics
    This module builds on the first year Economics for Managers module, to help you develop a thorough understanding of the economic concepts and models that underpin micro and macroeconomics. Economic models are used to introduce you to the analytical methods of reasoning that form the core of economics. The module also emphasises ability to apply, analyse, and acknowledge the limitations of the theories and models. It aims to show how microeconomic and macroeconomic analysis casts light upon intellectual and real world policy issues.

Year two, core modules

  • Business Research Methods
    This core module introduces you to the various methods of undertaking business research - vital tools for anyone hoping to pursue a career in business. The module covers a range of qualitative and quantitative research methods. It’s a practical module informed by theory and real-life examples, which’ll help you to explore the philosophical debates underlying business and management research and consider how they relate to our understanding of knowledge and business practice. You’ll be encouraged to develop your ability to critically assess both the theory and practice of business and management research and to reflect on your own learning and development. This module will help you think about a final project and give you confidence in using research methods.
  • Econometrics
    This module provides an introduction to the theory and practice of quantitative economic modelling and the use of empirical methods in economics. It aims to provide a practical grounding in the subject in order to enable you to understand and interpret results published in the applied economics literature and to undertake your own empirical work. It emphasises developing practical experience of working with real economic datasets using a standard econometric package, rather than abstract derivations and proofs. The module is largely based around the classical linear regression model and its estimation by Ordinary Least Squares. The module covers the specification and estimation of basic econometric models, their use for inference, the importance of diagnostic and statistical testing, and interpreting and evaluating your results. The module is assessed by means of an empirical project which applies the econometric techniques learned in the module to an economic dataset (50%) and a one and a half hour final unseen exam (50%).
  • Financial Management
    The main aim of this module is to provide a rigorous grounding in the theory and practice of financial management. Financial management is concerned with the assessment of the investment and financing decisions of firms elaborating concepts from previous modules. Within this module you’ll gain knowledge of the theoretical foundations underlying much of financial management practice and learn how those theories should be applied in practice. This module will explore investment and financing functions of an organisation in great detail by covering such issues as advanced investment appraisal, risk and return and treasury management.
  • Financial Sustainability
    Within this module you will be introduced to how sustainability (economic, environmental, social and governance) issues have a direct impact on risk exposure and management and the quality of public, private and government debt/equity investments within the global financial market. By the end of the module, you will understand how these issues affect investment decisions made by institutional investors, corporate lenders, insurance companies, asset management funds, hedge funds, venture capitalists and retail investors, as well as business decisions made by corporate managers.
  • Intermediate Economics
    This module builds on the macro and micro economics, maths and statistics modules of the first year. It aims to provide you with a solid grounding in the tools and modelling approaches that underlie much of modern economics. It covers aspects of both macro and micro economics, though with greater focus on microeconomics and its application to strategic decisions within firms. The module covers the theoretic approaches to problems of uncertainty, asymmetric information and strategic behaviour that underpin modern microeconomics and its application to real business and management issues. The macroeconomic part covers models of growth, business cycles and the role of money in the macro economy. The assessment is in two parts: the assignment allows you to apply microeconomic principles to the real world and explore their implications and limitations at length; the final exam focuses on analysing, solving and interpreting theoretical models.
  • Performance Management
    Looking forward and planning for the future is essential in any organisation. As organisations develop they must always have an eye on the future and make decisions that influence performance. Planning and decision making is a core aspect of business strategy and this module will look at the accounting and finance information that is used in planning and in support of the decision making process and control against those plans. It will introduce and demonstrate to you the accounting techniques which are used in planning and control and short and long term decision making. It will critique the various techniques, discuss the theoretical underpinning and reflect on application and validity. The module will also draw on aspects of organisational behaviour, and the risky, uncertain and quickly-changing environment in which many organisations operate.

Year three, core modules

  • Advanced Financial Reporting
    The module will develop your ability to exercise judgement in a corporate reporting environment as corporations can operate in exceedingly complex markets. Clear financial reporting requires the ability to interpret complex transactions by applying accounting principles and regulations. This module will include areas of financial reporting difficulty such as business combinations, substance, deferred tax and financial instruments. An international context will be taken to corporate reporting and current issues will be used as examples and case studies.
  • Applied Economics
    This module will equip you with the knowledge and techniques needed to apply economic theory to a current economic or socioeconomic issue. It offers the opportunity to apply the theories covered in Microeconomics II, Macroeconomics II and practice the techniques developed in Econometrics (30 credit). You’ll study a range of applied topics. There’ll also be sessions based around the research areas of lecturers and researchers from Economics, Finance, and the Anglia Ruskin research institutes: the Institute for International Management Practice, and the Global Sustainability Institute. You’ll be exposed to a range of contemporary issues that are of current interest to business, policy makers and their stakeholders. You’ll produce an individual research paper based on one of the areas discussed on the module. The methodology can be econometric or a critical evaluation of secondary data employing economic theory.
  • Corporate Finance
    This module will provide you with a rigorous grounding in the theory and practice of corporate finance at an advanced level, and a thorough synthesis of the most important current research in corporate finance, with an emphasis on the applications of the principles. Both normative and positive aspects of the theory are examined, together with supporting descriptive and empirical evidence. This module extends, develops and applies some of the materials introduced in previous modules and focuses on key aspects of the financial operations related to maximising the valuation of a corporation in an international environment. Principles that corporations use in their investment and financing decisions making are reviewed and practices evaluated. This includes portfolio management, fisher's separation theorem, and arbitrage pricing theory technical analysis, fundamental valuation and relative valuation investment strategy.
  • Derivative Markets
    Our state-of-the-art Bloomberg Financial Markets Lab provides a hands-on basis for this complex subject. You will put your theoretical knowledge into practice by building effective portfolios and techniques to “beat the market” trading and investing in virtual money. Hedgers, speculators and arbitrageurs have been crucial in the development and proliferation of financial instruments, especially derivatives, futures, options and swaps. Financial instruments play a significant role in risk management across the global markets. They are extensively used for minimising risks and transferring to those who are essentially willing to take risks. You will look into the relationships between the various elements of financial instruments as well as gaining an appreciation of core themes which are prevalent throughout financial analysis. Econometric modelling will equip you with an in depth understanding of the methods involved in determining risk and return from a global perspective.
  • Practising Sustainable Business
    This module will explore a number of alternative approaches to business which stem from a broader outlook of business value, including social enterprises, and discuss the benefits of business coalitions and networks. This module encourages you to recognise the diverse nature of the current workforce and the advantages this diversity can offer to employers. You will explore both the ethical and social framework underlying the management of diversity and will explore why diversity is important, emphasising the benefits in terms of improving creativity as well as understanding the policies and practices that support the effective management of diversity and ethics within businesses. You will also address the importance of understanding and managing the natural capital within business. It will cover mechanisms for ‘valuing’ this capital within the financial framework of a business and how this can improve the resilience of a company to future environmental risks. It will include the issue of corporate reporting of social & environmental risks and impacts (and the debates about this, e.g. in the EU and around the Rio 2012 conference).
  • Undergraduate Major Project
    Undertaking a Major Project allows you to engage in a substantial piece of individual research, and/or product development work, on a selected topic within the broad business and management field, relating to your particular interests and background, although closely linked to our wide range of staff interests and research. You will have many group sessions to support your project, plus the supervision by an academic member of staff. The project also encourages students to share ideas and approaches. The chosen topic will be in your course subject area and require you to identify/formulate problems and issues based on a range of topics provided by conducting a literature review and evaluating information. You will investigate and adopt a suitable desk based methodology and determine solutions, perhaps developing hardware, software and/or media artefacts as appropriate. You will critically appraise and present your findings, reflecting upon the limitations of your research and the research process.

Assessment

You can expect an interesting mix of coursework, essays, exams and activity-based assignments. Your coursework could include problem-solving activities, consultancy projects, presentations and group or individual reports. You'll also be able to access support materials supported by materials accessed through our virtual learning environment (VLE).

All assessment is designed to allow you to demonstrate your learning from the modules, and to make sure you’re developing the knowledge and skills to complete the course.


This is a 3 year programme (or 4 years with placement)

Alongside your core modules you will pick a number of optional modules. Please note that modules are subject to change and availability.

Where you'll study

Your faculty

The Lord Ashcroft International Business School is one of the largest business schools in the East of England, with nearly 100 full-time teaching staff and approximately 6,000 students from more than 100 countries.

Our striking and award-winning business school building in Chelmsford, as well as new buildings in Cambridge, offer the most advanced learning technologies. We’re well-recognised for our centres of excellence by students, employers and professional bodies alike.

What makes us stand out is that our courses don't just give you sound academic knowledge – they’re at the cutting edge of current business practice and highly relevant to employers. This is owing to the close links we have with the business community and the partnerships we've developed with a wide variety of businesses and public service organisations. 

We're interested in people who are confident, ambitious and ready to take the challenge of making a difference in the world of business. If that's you, we'd love to hear from you.

Where can I study?

Chelmsford
Tindal Building on our Chelmsford campus

Our striking, modern campus sits by the riverside in Chelmsford's University and Innovation Quarter.

Explore our Chelmsford campus

Additional study information

You’ll study in our Centre of Excellence in Accounting and Finance, supported by academic researchers, professionals and our Bloomberg Financial Markets Lab – a bespoke financial trading platform providing live financial information about companies trading on global stock exchanges. The Lab is integrated into the curriculum to enhance your learning, professional development and employability as well as encourage your interest in the financial markets. It also gives staff and students to opportunity to collaborate. There’s also a Bloomberg app, so you can access the Lab while you’re on the move.

Placement year

We want to make sure that you’re fully prepared for an increasingly competitive job market, so we offer a four-year degree option which includes a work placement in the third year. It’s an opportunity to apply and enhance your skills while developing new ones. You’ll also build valuable professional networks.

It could be that you have one placement during Year 3, or you could have two or three, giving you the chance to experience different organisations and working practices. Many of our students find that their placement company hires them when they graduate. We have a specialist team to help you find a placement and support you during this year. You might work in the UK or go abroad: our students have worked at leading organisations such as PricewaterhouseCoopers, Bosch, BMW, Airbus, BskyB and KPMG. This period of work experience can help set your final-year studies in context and may well help with your dissertation topic. All in all, it’s a fantastic way to stay ahead of the competition!

Studying abroad

You could broaden your horizons by spending time living and studying abroad. This could be a short study visit or a semester spent in Europe, Canada, the USA or Malaysia. It will look great on your CV and help you take advantage of opportunities in the international job market.

Fees & funding

Course fees

UK & EU students, 2016/17 (per year)

£9,000

International students, 2016/17 (per year)

£11,000

Fees statement 

Tuition fees for UK/EU students 2017/18 are currently set at £9,000. These fees are regulated by the UK government and may increase in line with government policy. There is a possible increase for the 2017/18 intake of 2.8% which would put the fees at £9,250.


How do I pay my fees?

Tuition fee loan

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Most English undergraduates take out a tuition fee loan with Student Finance England. The fees are then paid directly to us. The amount you repay each month is linked to your salary and repayments start in April after you graduate.

How to apply for a tuition fee loan

Paying upfront

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If you choose not to take out a loan you can pay your fees directly to us. There are two ways to do this: either pay in full, or through a three- or six-month instalment plan starting at registration.

How to pay your fees directly

International students

You must pay your fees up-front, in full or in instalments. You will also be asked for a deposit or sponsorship letter for undergraduate courses. Details will be in your offer letter.

Paying your fees
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Funding for UK & EU students

We offer most new undergraduate students funding to support their studies and university life. There’s also finance available for specific groups of students.

Grants and scholarships are available for:

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Funding for international students

We've a number of scholarships, as well as some fee discounts for early payment.

Entry requirements

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Important additional notes

Our published entry requirements are a guide only and our decision will be based on your overall suitability for the course as well as whether you meet the minimum entry requirements. Other equivalent qualifications may be accepted for entry to this course, please email answers@anglia.ac.uk for further information.

We don't accept AS level qualifications on their own for entry to our undergraduate degree courses. However for some degree courses a small number of tariff points from AS levels are accepted as long as they're combined with tariff points from A levels or other equivalent level 3 qualifications in other subjects.

Entry requirements are for September 2016. Entry requirements for other intakes may differ.

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International students

We welcome applications from international and EU students, and accept a range of international qualifications.

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English language requirements

If English is not your first language, you'll need to make sure you meet our English language requirements for undergraduate courses.

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Improving your English language skills

If you don't meet our English language requirements, we offer a range of courses which could help you achieve the level required for entry onto a degree course.

We also provide our own English Language Proficiency Test (ELPT) in the UK and overseas. To find out if we are planning to hold an ELPT in your country, contact our country managers.

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Get more information

UK & EU applicants

01245 68 68 68

Enquire online

International applicants

+44 1245 68 68 68

Enquire online