Overview
This broad-based degree gives you a comprehensive understanding of business concepts and models with specialist knowledge of economics. Studying economics provides a greater awareness of, and ability to engage with, the economic, social, and political world that impacts all our lives. It is a subject that helps you to appreciate and work better within the wider environment.
Employers in both private and public sectors identify that there are insufficient numbers of graduates with strong analytical, problem-solving, and decision-making capabilities. Economics is a rigorous and highly relevant subject that develops these skills in abundance. Economics graduates are very much ‘work ready’ upon graduation and the healthy starting salaries enjoyed by economics graduates is testament to this.
Professional accreditation
With dual accreditation at Teesside University, as well as the degree you will receive a Level 5 Certificate in Management and Leadership from the Chartered Management Institute (CMI), which is the only chartered professional body for management and leadership. Dual accreditation means you will automatically receive a second professional qualification upon successful completion of your program. By adding this CMI qualification to your University qualification, you’re really on the road to success.• You instantly become more employable when you receive a CMI professional qualification that is industry-recognized
• You will gain access to exclusive CMI networking events
• You will have the opportunity to attend lectures from top-level CMI industry-expert members
• CMI’s qualifications sit on the RQF framework and are recognized by the European Credit Framework
• CMI qualifications fast-track students into the next stage of training to become Chartered Managers
• During your students you will become a CMI Affiliate member, giving you a host of additional benefits to support your development and employability.
Course details
Year 1 focuses on providing you with the necessary underpinning in terms of broad business economics knowledge and skills. It introduces key business and management concepts.
Year 2 lets you explore your own interests and deepening your insights as well as having more responsibility for your own learning.
The final year explores more advanced topics within business and economics and you develop your awareness of your own responsibility as a future leader of business economics. Finally, you have the opportunity to put your knowledge into action by undertaking a self-managed independent project through the Dissertation module.
Year 2 lets you explore your own interests and deepening your insights as well as having more responsibility for your own learning.
The final year explores more advanced topics within business and economics and you develop your awareness of your own responsibility as a future leader of business economics. Finally, you have the opportunity to put your knowledge into action by undertaking a self-managed independent project through the Dissertation module.
Course structure
Year 1 core modules
Business Enterprises This module will inspire you to think about entering the workplace once you have completed your studies. The module is delivered as an interactive learning experience that will enable you to develop an enterprising mindset and help to identify some of the skills and attributes you already possess. The module content will encourage you to begin to think about your personal career aspirations, whilst addressing potential gaps linked to your knowledge, skills, and experience. You will be encouraged to think in an enterprising fashion; learn new approaches to adapt and enhance your individual style. You will have the opportunity to work independently and as a member of a group by participating in personal challenges and group projects, and will learn to understand the importance of networking. Furthermore, you will have the opportunity to hear from and to question experienced external practitioners.Business Finance
You gain an understanding of the way in which accounting is used in the external evaluation of organizations and develop the ability to use accounting and finance techniques in decision making, control, management, and adding value to performance.Introduction to Macroeconomics
Macroeconomics is a main branch of economics. You study the behavior of an economy at an aggregate level such as the performance, structure, behavior, and policymaking of an economy as a whole. This is a core module giving you an introduction to main and essential macroeconomic principles, theories, and methods of analysis. You cover output and aggregate demand, aggregate supply, business cycles, prices and inflation, unemployment, money and interest rates, monetary and fiscal policy, exchange rates, and the balance of payments.
Introduction to Macroeconomics
You are introduced to the principal concepts, theories, and applications of microeconomics. The module covers topics such as demand, supply, markets, prices, competitive and monopoly markets, market failure, and the role of microeconomic policy. There is a strong emphasis on the application of microeconomics to contemporary issues such as minimum pricing (eg alcohol, wages), taxes on sugar and carbon emissions, the control of dominant firms, and the use of game theory to analyze strategic behavior.Quantitative Economics 1
Economics is a social science subject that adopts a natural science approach. Hence, quantitative methods (e.g. mathematics and statistics) are not just used as the research method, but the fundamental building blocks of this subject discipline. In this introductory-level quantitative methods module, you review fundamental numerical skills and are introduced to essential mathematical methods for economics.Understanding Organization
You study some of the general principles of business management, particularly in the context of structure, culture, leadership, organizational behaviour, the business environment, and the impact of these areas operationally. You are also introduced to the concept of strategic management with an emphasis on organizational resources and competency. And you consider the impact of organizational behavior on overall business effectiveness, examining the role of the individual within the organization and exploring motivation, perception, and personal impact.
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