Economics with Management
Entry requirements
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About this course
Combine economics with management to develop an understanding of key business concepts. On this course you’ll learn how organisations are managed, the strategies used to compete for customers and the importance of economics in achieving an organisation’s objectives.
Alongside the fundamental theories and techniques of economics, you’ll study complementary modules in finance, business, accounting and management. Tailoring your degree in this way helps build the knowledge and skills to support a career in your area of interest, whether that’s in the field of economics, consultancy or a broader business management role.
Central to the course is the real-world application of economics and management. The curriculum includes lectures from expert speakers and case studies where you will have a chance to investigate a range of contemporary economics issues to develop your analytical, numerical and problem-solving skills.
The first year provides a foundation in economic principles and general management studies. In subsequent years you will further develop your understanding of core areas of economics and management such as macroeconomics, microeconomics, innovation, operations and data analysis.
You have the option to complete the course in three years, add a placement year or spend a year abroad. The flexible structure coupled with the varied selection of optional modules across all years allow you to tailor your studies to your interests and aspirations.
Modules
Year 1
Core modules:
Principles of Economics provides a sound foundation for modules in micro- and macroeconomics. You will cover areas including methodology of economics, supply and demand, consumer spending choices, competition and growth theories.
Economic Methods familiarises you with the use of mathematical and statistical tools in solving economic problems. You will look at equations, matrix algebra, calculus, statistics, distribution, confidence intervals and hypothesis testing.
Managing Behaviour and Organisations focuses on managing people and organisations in contemporary society. You will learn about some of the concepts that can lead individuals and groups to behave in a particular way and apply these concepts to a range of issues including examples from your own experiences.
Introduction to Leadership introduces basic leadership theories and practices in an organisational context. It examines the roles of personality, power, emotion, gender and culture in the field and addresses some of the practices that might result in leadership failure.
Examples of optional modules:
The Economics of Sustainability
Introduction to the History of Economic Thought
The World Economy.
Year 2
Core modules:
Macroeconomics uses real-world examples to analyse the general equilibrium of an economy both in the short term, with a static model, and in the medium to long term, with a dynamic model.
Microeconomics develops your knowledge and understanding of the essential components of microeconomics with a particular focus on the analytical skills relevant to consumer and production theories, general equilibrium and welfare.
Econometrics equips you with the skills to understand the empirical analysis most frequently used in economic literature. You will also write a report based on econometric analysis.
Innovation Management explores the elements involved in managing an organisation's innovation procedure, from the initial idea to successful implementation. You will learn to think critically and strategically about innovation, competition and the impact of innovation on organisations and the wider economy.
Operations Management shares knowledge and understanding of operations management at an advanced level. There are four main elements to the module: the strategic role of operations, the design of products and services, issues in planning and control, and improving operations.
Examples of optional modules:
Intermediate Methods for Economics and Finance
Microeconomic Applications and Policy
Macroeconomic Applications and Policy.
Year 3
Core modules:
The Dissertation is a detailed and critical examination of a relevant area of economics. It develops your ability to plan and manage your own learning and provides you with an opportunity to research a specific topic and present your findings and conclusions.
Corporate Entrepreneurship develops a comprehensive understanding of how mid-to-large sized firms can be designed, organised and managed to establish corporate entrepreneurship. You will examine a range of external and internal issues such as structure, processes, people, competition and culture to determine how they can be managed to add value and generate growth.
Examples of optional modules:
Advanced Macroeconomic Theory
Advanced Microeconomic Theory
Applied Econometrics
Developmental Economics
Environmental Economics and Policy
International Economics
Monetary Economics
Game Theory and Applications.
Assessment methods
Modules are assessed via a combination of examinations, written assignments and reports, investigative projects and presentations.
The range of assessment methods is designed to assess your knowledge and understanding of the material, test your critical thinking skills, enhance your written and oral communication skills, and assess your ability to relate your learning to real-world issues.
The 12,000-word dissertation makes up one-third of your final-year marks.
The Uni
College allocation pending
Durham City
Economics and Finance
What students say
We've crunched the numbers to see if overall student satisfaction here is high, medium or low compared to students studying this subject(s) at other universities.
How do students rate their degree experience?
The stats below relate to the general subject area/s at this university, not this specific course. We show this where there isn’t enough data about the course, or where this is the most detailed info available to us.
Management studies
Teaching and learning
Assessment and feedback
Resources and organisation
Student voice
Who studies this subject and how do they get on?
Most popular A-Levels studied (and grade achieved)
Economics
Teaching and learning
Assessment and feedback
Resources and organisation
Student voice
Who studies this subject and how do they get on?
Most popular A-Levels studied (and grade achieved)
After graduation
The stats in this section relate to the general subject area/s at this university – not this specific course. We show this where there isn't enough data about the course, or where this is the most detailed info available to us.
Management studies
What are graduates doing after six months?
This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.
Top job areas of graduates
Economics
What are graduates doing after six months?
This is what graduates told us they were doing (and earning), shortly after completing their course. We've crunched the numbers to show you if these immediate prospects are high, medium or low, compared to those studying this subject/s at other universities.
Top job areas of graduates
This is a degree in demand, as business increasingly needs workers who can examine and explain complex data. And yet the number of economics graduates fell by nearly 10% last year, which means demand is even greater. As so many economic grads go into banking and finance, it's not surprising that over half of all 2015's economics graduates who did go into work were working in London. And don't think it's just the finance industry that's interested in these graduates - there's a significant number who enter the IT industry to work with data as analysts and consultants. It's quite common for economics graduates to go into jobs such as accountancy and management consultancy which may require you to take more training and gain professional qualifications - so don’t assume you won’t have to take any more exams once you leave uni. And the incentive to take them, of course, is better pay, which will be on top of an already healthy average starting salary of over £30,000 for graduates working in the capital.
What about your long term prospects?
Looking further ahead, below is a rough guide for what graduates went on to earn.
Management studies
The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.
£31k
£42k
£45k
Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.
Economics
The graph shows median earnings of graduates who achieved a degree in this subject area one, three and five years after graduating from here.
£30k
£40k
£58k
Note: this data only looks at employees (and not those who are self-employed or also studying) and covers a broad sample of graduates and the various paths they've taken, which might not always be a direct result of their degree.
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This is the percentage of final-year students at this university who were "definitely" or "mostly" satisfied with their course. We've analysed this figure against other universities so you can see whether this is high, medium or low.
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You can use this to get an idea of who you might share a lecture with and how they progressed in this subject, here. It's also worth comparing typical A-level subjects and grades students achieved with the current course entry requirements; similarities or differences here could indicate how flexible (or not) a university might be.
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Post-six month graduation stats:
This is from the Destinations of Leavers from Higher Education Survey, based on responses from graduates who studied the same subject area here.
It offers a snapshot of what grads went on to do six months later, what they were earning on average, and whether they felt their degree helped them obtain a 'graduate role'. We calculate a mean rating to indicate if this is high, medium or low compared to other universities.
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Graduate field commentary:
The Higher Education Careers Services Unit have provided some further context for all graduates in this subject area, including details that numbers alone might not show
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The Longitudinal Educational Outcomes dataset combines HRMC earnings data with student records from the Higher Education Statistics Agency.
While there are lots of factors at play when it comes to your future earnings, use this as a rough timeline of what graduates in this subject area were earning on average one, three and five years later. Can you see a steady increase in salary, or did grads need some experience under their belt before seeing a nice bump up in their pay packet?
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