Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 222222
Loughborough University

Programme Specifications

Programme Specification

BSc (Hons) Economics and Management

Academic Year: 2014/15

This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if full advantage is taken of the learning opportunities that are provided.

This specification applies to delivery of the programme in the Academic Year indicated above. Prospective students reviewing this information for a later year of study should be aware that these details are subject to change as outlined in our Terms and Conditions of Study.

This specification should be read in conjunction with:

  • Summary
  • Aims
  • Learning outcomes
  • Structure
  • Progression & weighting

Programme summary

Awarding body/institution Loughborough University
Teaching institution (if different)
Owning school/department School of Business and Economics
Details of accreditation by a professional/statutory body
Final award BSc/ BSc+DPS/ BSc+DIntS
Programme title Economics and Management
Programme code ECUB01
Length of programme The duration of the programmes is either six semesters or eight semesters. The option of eight semesters has four streams. Permission to transfer to the 8 semester programme will be at the discretion of the Deputy Director of Learning and Teaching (Economics). See Programme Structure for further details of eight semester streams.
UCAS code
Admissions criteria

http://www.lboro.ac.uk/study/undergraduate/courses/

Date at which the programme specification was published Mon, 08 Sep 2014 13:09:52 BST

1. Programme Aims

  • To provide students with specialised training in the core aspects of economics and management particularly relevant to industry and commerce.
  • To provide students with the opportunity to study a broad curriculum in both economics and in management.
  • to provide students with core concepts in management and business.
  • To equip students with the relevant tools to understand how firms behave, compete and implement strategies with reference to both their internal and external environment.
  • To provide a firm foundation of knowledge about the workings of the domestic and international economy and to understand the impact of the economic environment on a range of business settings.
  • To develop in students the ability to apply the knowledge and skills they have acquired to the solution of theoretical and applied problems in economics.
  • to enable data handling skills relating to the analysis on information available and generated by modern business in order for managers to make effective and timely decisions.
  • to develop communication and interpersonal skills and your ability to work in groups developing practical skills essential for working in a business environment.
  • to provide students with the knowledge, skills and understanding required for a career in the economics and management professions.
  • To provide students with analytical skills and an ability to develop simplifying frameworks for studying the real world.
  • To develop in students the ability to appreciate what would be an appropriate level of abstraction for a range of economic issues.
  • To provide students with the knowledge and skill base, from which they can proceed to further studies in economics, related areas or in multi-disciplinary areas that involve economics.
  • To stimulate students intellectually through the study of economics and to lead them to appreciate its application to a range of managerial problems and its relevance in a variety of contexts.
  • To provide a relevant, practical and constantly updated programme through close links with industry, professional firms and accounting bodies, and through accreditation by the major professional accounting bodies.
  • To enhance students’ career and employment prospects on graduating by developing a range of transferable skills embedded in the programme.

2. Relevant subject benchmark statements and other external and internal reference points used to inform programme outcomes:

  1. QAA Subject Benchmark Statements: Economics.
  2. Benchmark Statements for General Business and Management
  3. Framework for Higher Education Qualifications.
  4. International links with a network of eleven European Universities within the Erasmus exchange programme.
  5. University Learning and Teaching Strategy.
  6. Departmental learning and teaching policies.
  7. Links, both formal and informal, with external examiners.
  8. Staff research specialisms and professional involvement in the discipline.

3. Programme Learning Outcomes

3.1 Knowledge and Understanding

On successful completion of this programme, within the Economics portion of the programme students will learn::

K1. A coherent core of economic principles. The understanding of these might be verbal, graphical or mathematical.

K2. Relevant quantitative methods and computing techniques. These cover mathematical and statistical methods, that may possibly include econometrics. Students will have exposure to the use of such techniques on actual economic, financial or social data. A knowledge and appreciation of economic data, both quantitative and qualitative. Students should also have some knowledge of the appropriate methods that the economist might use to structure and analyse such data.

K3. The applications of economics. Students should have the ability to apply a core of microeconomic and macroeconomic principles and reasoning to a variety of applied topics. They should also be aware of the economic principles that can be used to design, guide and interpret commercial policy. Related to this, they should have the ability to evaluate government economic policy and to assess the performance of the UK and other economies and the impact on the business environment.  

Within the Management portion of the degree will develop an understanding of:

K4. organisations; their internal structures and their management, including the management of human resources, financial resources and information systems;

K5. the external environment within which organisations operate; the markets for goods, services and finance; customers and the implications for marketing;

K6. analytical frameworks, techniques and processes; business policy and strategy; development of policy and strategy; current issues in strategic management

3.2 Skills and other attributes

a. Subject-specific cognitive skills:

On successful completion of this programme, students should be able to: 

C1. Abstract and synthesise information.

C2. Develop problem-solving and decision-making skills using the analytical tools of deduction and induction reasoning.

C3. Critically evaluate and interpret a range of evidence, including data and text.

C4. Framing an economic problem within the merits of contrasting theories, explanations and arguments.

C5. Use critical thinking, analysis and synthesis to evaluate and apply concepts and insights from business disciplines, including comprehension of complex scenarios

C6. Formulate and solve both structured and unstructured business problems;

C7. Advise on business decisions using appropriate qualitative and quantitative skills, including the ability to identify and evaluate a range of alternative solutions

C8. Relate theory to practice in business and management (B&M).

b. Subject-specific practical skills:

On successful completion of this programme, students should be able to:

P1. Construct economic models using verbal, diagrammatic, mathematical, statistical and econometric techniques and reasoning.

P2. Combine and interpret different types of evidence using appropriate techniques;

P3. Use effective communication, both oral and written, in a range of styles and media appropriate for management in different cultures;

P4. Make effective use of information and communication technologies (ICT) in a business context including word processing, storage and manipulation of data, generation of presentations, use of the internet and e-mail using appropriate software;

P5. Conduct research using a range of sources of business-related materials including books, journals, trade and financial press, official statistics and the internet (B&M);

c. Key transferable skills:

On successful completion of this programme, students should be able to demonstrate the key skills of:

T1. Analysis and decision making.

T2. Communication, both written and verbal.

T3. Numeracy and computation.

T4. IT, information handling and retrieval, including library skills.

T5. Independent study and group work.

T6. Time management.

4. Programme structure

4.1 Structure

4.1.1 Students must have a total modular weighting of 120 credits per year.  This must include the compulsory modules.  The remaining optional modules may be chosen to give a 60:60 split over the two semesters, or alternatively, 50:70 or 70:50.

4.1.2 The prefixes on module codes represent the credit levels as follows:

            A          level 4;             B          level 5;             C         level 6.

4.1.3 The option of eight semesters has four streams: 

  • Candidates following the Placement Stream are required to spend the third academic year undertaking professional training leading to the Diploma in Professional Studies, in accordance with Senate Regulation XI.
  • Candidates following the Study Abroad Stream or the Language Related Placement Stream are required to spend the third academic year at an approved academic institution.
  • Candidates following the Split Stream are required to spend six months of the third academic year undertaking professional training, and the other half of the third academic year studying at an approved academic institution.

The Study Abroad, the Language Related Placement and the Split Stream lead to the Diploma in International Studies (DIntS) in accordance with Senate Regulation XI. The third academic year (Part I) occurs between Part B and Part C.

 

4.2 Content

Modules are classified as either Economics (codes beginning with EC), or Management (codes beginning with BS).

4.2.1       Part A 

All the following Part A modules are compulsory.

            Semester 1 and 2 Compulsory Economics Modules:

 

            ECA001          Principles of Macroeconomics

20

            ECA002          Principles of Microeconomics

20

            ECA003          Data Analysis

20

            ECA004          Quantitative Economics

20

 

 

            Semester 1 Compulsory Business/Management Modules

 

            BSA505           Organisational Behaviour

10

            BSA525           Introduction to Accounting

10

 

 

            Semester 2 Compulsory Business/Management Modules

 

            BSA506           Management of Human Resources

10

            BSA526           Accounting for Managers

10

 

4.2.2       Part B  

Compulsory Modules (total modular weight: 90 credits):

            Semester 1 and 2 Compulsory Economics Modules:

 

            ECB001          Intermediate Macroeconomics

20

            ECB002          Intermediate Microeconomics

20

 

            Semester 1 Compulsory Business/Management Modules:

 

            BSB560           Introduction to Marketing

10

            BSB580           Operations Management

10

            BSB010           Business Information Management

10

 

            Semester 2 Compulsory Business/Management Modules:

 

            BSB562           The Marketing Mix

10

            BSB590           Contemporary Business Environment

10

            Option

10

Modules should be selected from the Part B Optional Module List made available by the School for this programme to give a total weight of 120 credits for the part.

 

4.2.3       Optional Part I (8 semester programme only)

Candidates pursue one of the following streams:

i)       Placement Stream

Candidates will undertake industrial or professional training.

ii)      Study Abroad Stream

Candidates will study at one of the School of Business and Economics approved academic institutions.

 iii)        Split Stream

Candidates will undertake industrial or professional training for half the year and will study at one of the School of Business and Economics approved academic institutions for the other half of the academic year.

 (iv)    Language Related Placement

Candidates will undertake a year abroad in employment, for example as an English language assistant in a school or other educational establishment, approved by the School of Business and Economics.

4.2.4       Part C 

Compulsory modules (total modular weight: 40 credits):

Semester 1 Compulsory Economics Module: 

 

           ECC142          Communication and Presentation Skills for Economics

20

Semester 1 Compulsory Business/Management Module: 

 

           BSC070          Technology and Society

10

Semester 2 Compulsory Business/Management Module:

 

           BSC575          Leadership and Interpersonal Skills

10

Modules should be selected from the Part C Optional Module List made available by the School for this programme to give a total weight of 120 credits for the part.

5. Criteria for Progression and Degree Award

5.1 Progression Criteria

In order to progress from Part A to Part B and from Part B to C and to be eligible for the award of an Honours degree, candidates must satisfy the minimum credit requirements set out in Regulation XX.

A Diploma in Professional Studies will be awarded to students who have satisfactorily completed the programme of study required for Part I.

5.2 Reassessment

Candidates must accumulate at least 60 credits in a Part of a Programme in order to be eligible for reassessment in the relevant Part during the University’s Special Assessment Period.         

If a student registers to resit a module, they will be required to resit all failed components of that module (ie if their coursework mark was less than 40% they must resit the coursework and if their exam mark was less than 40% they must resit the exam).  If a student resits the coursework element of a module and there was more than 1 coursework assignment for that module, then the student would be required to resit all coursework assignments in which they achieved a mark below 40%.  Marks for elements of a module not being re-sat will be carried forward.

5.3 Accreditation for Economics and Management

In order to retain exemptions from foundation-level professional courses (under the requirements of the professional bodies) following graduation, candidates must achieve a minimum mark of 40% overall and 35% in each assessed component in core modules as defined by the various professional bodies for accreditation purposes. 

6. Relative Weighting of Parts of the Programme for the Purposes of Final Degree Classification

Candidates' final degree classification will be determined on the basis of performance in degree level Module Assessments in Parts B and C in accordance with the scheme set out in Regulation XX. The average percentage marks for each Part will be combined in the ratio Part B 30% : Part C 70% to determine the final Programme Mark.

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