Wolverhampton Business School

Economics with Foundation Year

BA (Hons) Full-time 4 years, Part-time 8 years

Paul Samuelson describes Economics as the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

Paul Samuelson describes Economics as the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people.

  • Institute Code W75
  • UCAS Code L110
  • Entry Requirements View
  • Fees View
  • Course Specifications View
  • Start Date(s) 23 September 2019, 20 January 2020, 21 September 2020
  • Award BA (Hons)
  • Study Mode Full-time, Part-time
  • Course Length Full-time (4 years), Part-time (8 years)
  • Campus Location University of Wolverhampton
  • School Wolverhampton Business School

Why choose this course?

Paul Samuelson describes Economics as the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people." By learning about Economics you will see that there are various perspectives on how resources are allocated and that the different allocations will impact on social, political and business concerns.

This programme provides a strong background in economics principles but also provides a knowledge and understanding of the recent developments in economics and the application of economic concepts to current issues. For example, a module on sustainability will delivered jointly with staff from the Centre for International Development and Training. As part of your study of Economics you will develop skills in the organisation and analysis of statistical data, the interpretation of economic issues and the communication of economic ideas. These skills have been identified as being in demand by employers by a number of surveys, such as the one carried-out by the Economics Network.

The foundation year of this course is designed to offer applicants who do not have the required qualifications, a programme which will equip them with a robust toolkit of academic, digital and personal skills required for successful study in higher education. It also provides an understanding of, and insight into, a range of disciplines that underpin their chosen programme of study. In the foundation year students will develop their ability to gain the most out of structured in-class study, and also to manage and evaluate their own independent learning. This wide range of transferable skills is of immense value in both undergraduate study and graduate employment. Upon successful completion of the foundation year, students will have the opportunity to develop their knowledge and understanding of their subject area to degree level.

 

What happens on the course?

Semester 1 Starters:

UNDERGRADUATE

Year 1 (Foundation)

3GK003 Academic Skills (20 Credits)

3GK006 Extended Project (20 Credits)

3MG001 Introduction to Management (20 Credits)

3GK004 The World at Work: Careers and Personal Development (20 Credits)

3GK003 Academic Skills (20 Credits)

3IM001 Business Decision Making (20 Credits)

Year 2

4EC001 Microeconomic Principles (20 Credits)

4EC005 Thinking like an Economist (20 Credits)

4EC004 History of Economic Thought I (20 Credits)

4EC002 Macroeconomic Principles (20 Credits)

4FC001 Quantitative Analysis for Economics and Finance (20 Credits)

4WL002 Basic Language or 4WL003 Elementary Language or 4AC012 Finance and Accounting for Managers or 4PO002 Introduction to International Relations (20 Credits)

Year 3

5EC001 Economic Analysis and Methods (20 Credits)

5EC002 Microeconomic Theory and Policy (20 Credits)

5EC003 Macroeconomics and Policy (20 Credits)

5EC004 History of Economic Thought II (20 Credits)

5EC005 International Economics: Policy and Applications or 5EC006 Labour and Personnel Economics (20 Credits)

5WL001 Basic Language or 5WL002 Elementary Language or 5FC001 Introduction to Financial Economics or 5BU012 Operations and Supply Management or 5PO004 World Politics (20 Credits)

Year 4

6EC001 Industrial Organisation (20 Credits)

6EC003 Public and Social Welfare Economics (20 Credits)

6EC002 Critical Perspectives in Economics (20 Credits)

6EC004 Researching Topics in Economics (20 Credits)

6EC005 The Economics of Sustainable Development (20 Credits)

6WL001 Intermediate/Advanced Language or 6FC001 Corporate and Behavioural Finance or 6BE003 Strategic Management or 6PO005 Security and Integration in the New Europe (20 Credits)

Course Modules

Potential Career Paths

This degree course will develop much needed skills and abilities in successful students. Specifically the course will create economists who have an in depth knowledge of the subject following the debates generated by the recent financial crisis. This knowledge and the related skills will be valuable in both the private and public sectors.

The graduates from this programme would have a range of skills that are in demand from employers, as demonstrated by the survey carried out by the Economics Network in 2014-15. The most significant if these are:

·         A knowledge and understanding of economics

·         Ability to analyse economic, business and social issues

·         Organising, interpreting and presenting quantitative data

·         Communication of economic ideas

Another survey of economics employers in the public sector identified the two dominant of areas of work as producing briefing material and preparation of policy advice. The proposed course would provide its graduates with the skills to effectively address these tasks.

This course would provide access to a range of career opportunities, as demonstrated by the following recent job advertisements:

 

·         Business Analyst

·         Economic Data Manager

·         Economic Growth Officer

A range of career opportunities will be available, covering regional, national and international organisations. This will include by public sector and not for profit sector organisations as demonstrates by the examples provided above. There would also be opportunities in the business sector in terms of market research, trade associations and lobbying organisations.

The degree can also be used as the basis for postgraduate study in the area of economics.

 

Additional Information

Everything you need to know about this course!

The BA (Hons) Economics course aims to provide students with knowledge and understanding of economics principles and concepts, and with the skills to apply these to changing economic and business environment. Through the use of a range of approaches, research techniques and learning forums the course intends to equip students with a range of personal and intellectual skills in preparation for a career in economics, business, and the public sector.

The graduates from this programme would have a range of skills that are in demand from employers, as demonstrated by the survey carried out by the Economics Network in 2014-15. The most significant if these are:

  • A knowledge and understanding of economics
  • Ability to analyse economic, business and social issues
  • Organising, interpreting and presenting quantitative data
  • Communication of economic ideas

Another survey of economics employers in the public sector identified the two dominant of areas of work as producing briefing material and preparation of policy advice. The course will provide its graduates with the skills to effectively address these tasks.

A range of career opportunities will be available, covering regional, national and international organisations. This will include both public sector and not for profit sector organisations as demonstrates by the examples provided above. There would also be opportunities in the business sector in terms of market research, trade associations and lobbying organisations.

The degree can also be used as the basis for postgraduate study in the area of economics.

 

 

 

 

For the award of an honours degree, you, the student, will be able to:

  1. Critically apply economic reasoning to a range of situations and appreciate that a number of alternative explanations and prescriptions may exist.
  2. Demonstrate knowledge in a number of specialised areas in economics, as well as an appreciation of the research literature in these areas.
  3. Demonstrate an understanding of the sources and content of economic data and evidence and of those methods that be applied appropriately to the analysis of such data.
  4. Demonstrate proficiency in quantitative methods and computing techniques and know how to use these techniques and methods across a range of problems.
  5. Demonstrate an understanding of historical, institutional, international, social and environmental contexts in which specific economic analysis is applied.
  6. Effectively communicate economic ideas both verbally and in writing to a variety of specialist and non-specialist audiences.

Location Mode Fee Year
Home/EU Full-time £9250 per year 2019-20
Home/EU Full-time £9250 per year 2020-21
Home/EU Part-time £2975 per year# 2019-20
Home/EU Part-time £3050 per year# 2020-21
International Full-time £12000 per year 2019-20
International Full-time £12250 per year 2020-21
International Part-time £6000 per year# 2019-20
International Part-time £6125 per year# 2020-21

The University is committed to a transparent fee structure, with no hidden costs, to help you make an informed decision. This includes information on what is included in the fee and how fees are calculated and reviewed

# Undergraduate part-time fees for 50% rate of study

2019 Entry

  • DD from A level
  • BTEC QCF Extended Diploma grade PPP, BTEC QCF Diploma grade MP
  • Pass Access to HE Diploma (Full Award)
  • If you've got other qualifications or relevant experience, please contact The Gateway for further advice before applying.
  • International entry requirements and application guidance can be found here

Other Requirements

Students must have studied a minimum of two years post GCSE level. However, it is expected that some applicants will be mature students with work experience, who wish to further their career development. These applicants will be processed through standard procedures, which may involve an interview as part of the process. Please see http://wlv.ac.uk/mature for further information.

Applicants who do not meet the entry requirements may be offered an alternative course.

The University also offers a range of Bursaries and Scholarships in addition to other financial support packages

Tuition Fees Loan: If you wish, you can take out a Government Student Loan which covers the full course fee. You pay it back once you’ve left university and your income is more than £25,725 (from April 2019). More information on repayments can be found at: repayments.
It’s available to eligible full-time higher education students and does not depend on family income.

The amount of the Tuition Fees Loan is paid directly to the University of Wolverhampton by the Student Loan Company.

Visit student finance on the gov.uk website to find out more.

Self-funding: If you don’t want to take out a loan to pay your fees, you might want to take advantage of the University’s scheme to pay by instalments: see How to Pay.The funding available to you depends on when you started your studies and if you have been to University previously.

For more information please contact the Gateway.

Financial Hardship: Students can apply to the Dennis Turner Opportunity Fund (https://www.wlv.ac.uk/study-here/money-matters/financial-support/dennis-turner-opportunity-fund/) for help with course related costs however this cannot be used for fees or to cover general living costs.

Telephone

01902 32 22 22

Email

enquiries@wlv.ac.uk

Online

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