Loughborough University
Leicestershire, UK
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Loughborough University

Programme Specifications

Programme Specification

MSc Economics and Business Strategy/ MSc Economics and International Business

Academic Year: 2017/18

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 MSc; (PGDip + PGCert awarded as exit awards only)
Programme title Economics and Business Strategy; Economics and International Business
Programme code MSc Economics and Business Strategy (ECPT33); MSc Economics and International Business (ECPT32)
Length of programme The Programme is offered on a full-time basis only (except for purposes of re-assessment and in cases of credit transfer), commencing at the beginning of each academic session. The minimum period of registration is 9 calendar months for the award of PGDip and 12 calendar months for the award of the MSc.
UCAS code n/a
Admissions criteria

http://www.lboro.ac.uk/study/postgraduate/programmes/taught/economics-business/

http://www.lboro.ac.uk/study/postgraduate/programmes/taught/econ-and-int-bus/

Date at which the programme specification was published Thu, 06 Jul 2017 21:18:40 BST

1. Programme Aims

  • To enable students to evaluate theories and applications of microeconomics in relation to business strategy and/or international business management. 
  • To prepare students vocationally for employment in government, commerce and industry. 
  • To provide a relevant, practical, applied and integrated curriculum through close links with business and commercial organisations and appropriate academic research. 
  • To enhance students’ lifelong learning skills, personal development and employability to enable them to work with self-direction and originality and to contribute to and take effective roles within business and society. 

For MSc Economics and International Business 

  • To develop appropriate skills and understanding of Economics and International Business Management so as to systematically and creatively improve the business and management practice of firms operating in international environments. 

For MSc Economics and Business Strategy 

  • To develop appropriate skills and understanding of Economics and Business Strategy so as to be able to effectively evaluate the determinants of business performance, and thereby contribute to the formulation of business strategy in a wide variety of firms and institutions.

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

The academic level at which the MSc programme is taught and assessed is guided by the criteria for the degree of Master in The Framework for Higher Education Qualifications in England Wales and Northern Ireland, published by the Quality Assurance Agency for Higher Education.

3. Programme Learning Outcomes

3.1 Knowledge and Understanding

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

For MSc Economics and International Business 

K1 Analyse international business and trade theory and its relevance to informing the governance, behaviour and management of international firms and organisations, and their resulting strategic responses. 

K2 Assess the external economic, political, environmental, and institutional context faced by international businesses and organisations and its impact on firm strategy, economic behaviour and management.

K3 Critically discuss how organisations are managed in an international context.

K4 Undertake independent applied and relevant research in international economics and international business, using appropriate research tools. 

 

For MSc Economics and Business Strategy 

K1 Explain the economics of firms and markets and business strategy theory and analyse the practical implications of such theory in real world settings.   

K2 Appraise the economic determinants of business performance and how these influence business strategy. 

K3 Assess relevant theoretical models, quantitative and analytical methods, and techniques necessary to evaluate business performance. 

K4 Undertake independent applied and relevant research in economics of the firm and business strategy, using appropriate research tools and quantitative methods, and communicate the results of such technical research and analysis to non-specialist audiences.

3.2 Skills and other attributes

a. Subject-specific cognitive skills:

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

For MSc Economics and International Business

C1 Evaluate concepts and insights from economics and business disciplines, including complex interactions between firms, consumers, and governments in international business, trade and investment.

C2 Analyse and appraise theoretical and practical issues and problems in international economics and management by using the theories and models appropriate to those disciplines.

C3 Collect relevant information pertaining to current issues in international economics and/or international business and analyse that information using appropriate models and relevant techniques, so as to evaluate the implications of decisions taken by multinational companies and other organisations and institutions. 

C4 Critically evaluate arguments and evidence related to international economics and the practice of international business.  

 

For MSc Economics and Business Strategy 

C1 Evaluate concepts and insights from economics and business disciplines, including complex interactions between firms, consumers, markets and governments and their resulting influence on business strategy. 

C2 Analyse and appraise theoretical and practical issues and problems in economics and business strategy by using the theories and models appropriate to those disciplines. 

C3 Evaluate the relative performance of markets and firms using appropriate economic models and relevant techniques, and produce a report relevant to decision-makers in government, institutions and firms with regard to appropriate business strategies. 

C4 Collect and critically evaluate arguments and evidence related to the economic determinants of business strategy and performance and how these influence the strategic choices taken by business, government and other institutions.

b. Subject-specific practical skills:

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

P1 Create written reports using structure, paragraphing and citation, appropriate to professional and academic standards in economics, international business, and/or business strategy.

P2 Construct and/or collate empirical data and statistical results  and interpret such data in written and oral form for both specialist and non-specialist audiences, and carry out statistical hypothesis testing.  

c. Key transferable skills:

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

T1 Critically analyse and evaluate complex topics.

T2  Formulate key arguments from an extensive range of evidence.

T3  Demonstrate advanced skills in numeracy ( Interpret numerical information, reason numerically and apply appropriate mathematical and statistical techniques).

T4  Apply logical thinking and problem solving in unstructured situations.

T5  Use advanced information technology (e.g. handling of large data sets, multifaceted information retrieval and spread-sheet methods).

T6  Demonstrate effective personal organisation including time management, independent study, self-direction, decision-making and written and oral communication.

T7  Use effective team-working skills including leadership, team-building and project management.

T8 Enhance skills in oral presentation of reports, subject to deadlines.

4. Programme structure

Programme structure - MSc Economics and International Business 

4.1        Module Structure

             Compulsory Modules (total modular weight 135)

Code         

Subject Title

Modular Weight

Semester

ECP204

Economics of Firms and Markets

15

1

ECP208

Industrial Organisation & Strategy

15

1

BSP033

International Business Environment

15

1

ECP200

Research Communication for Economists

10

1 & 2

ECP259

 

Economics of International Business

15

2

BSP028

Global Strategic Management

15

3

ECP314

Economics and International Business in Practice

20

3

ECP315

Economics Research Project

30

3

Option Modules.

In addition to the listed compulsory modules, students will choose Three optional Modules (total modular weight 45). One optional Module (total modular weight 15) will be taken in Semester 1 and chosen from List A.  Two optional Modules (total modular weight 30) will be taken in Semester 2 and chosen from List B. 

Code

Subject Title

Modular Weight

Semester

List A

ECP206

Economic Data Analysis

15

1

BSP038

Global Outsourcing and Offshoring of Services

15

1

BSP029

Marketing in the Organisation

15

1

List B

ECP258

Economics of Corporate Strategy

15

2

ECP261

Applied Data Analysis for Business Strategy

15

2

BSP047

Logistics and Supply Chain Management

15

2

BSP040

International Marketing

15

2

 

Programme structure - MSc Economics and Business Strategy

 4.2        Module Structure

             Compulsory Modules (total modular weight 150)

Code         

Subject Title

Modular Weight

Semester

ECP204

Economics of Firms and Markets

15

1

ECP208

Industrial Organisation & Strategy

15

1

ECP206

Economic Data Analysis

15

1

ECP200

Research Communication for Economists

10

1 & 2

ECP258

Economics of Corporate Strategy

15

2

ECP261

Applied Data Analysis for Business Strategy

15

2

BSP416

Policy and Strategy Analytics

15

2

ECP313

Economics and Business Strategy in Practice

20

3

ECP315

Economics Research Project

30

3

Option Modules.

In addition to the listed compulsory modules, students will choose  Two optional Modules (total modular weight 30). One optional Module (total modular weight 15) will be taken in Semester 1 and chosen from List A.  One optional Module (total modular weight 15) will be taken in Semester 2 and chosen from List B. 

Code

Subject Title

Modular Weight

Semester

List A

ECP205

Macroeconomic Policy and Financial Markets

15

1

ECP202

Financial Economics

15

1

List B

ECP255

Corporate Finance

15

2

ECP259

Economics of International Business

15

2

BSP417

Leading Analytics Initiatives

15

2

 

5. Criteria for Progression and Degree Award

5.1 In order to be eligible for an award, candidates must satisfy the requirements of Regulation XXI. 

5.2 Candidates who have a right of re-assessment in a module may choose to be re-assessed in the University’s Special Assessment Period. 

5.3 All examinations must be taken at Loughborough University unless special permission is obtained in advance from the Programme Director

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

Weightings for the contribution to the Final Degree Classification will be consistent with the credit weighting of each module.  

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