This module provides a comprehensive understanding of various quantitative processes for effectively collecting, analysing, managing, interpreting and utilising data within business and economics. You’ll gain knowledge and analytical and mathematical skills to successfully tackle advanced material in later years – for instance examining the relationships between variables with scatter diagrams, correlation coefficients and simple linear regression. 

You’ll study topics such as:  
 

• Summarising data by tabulation, graphs and summary measures  

• Analysis through measures of change and index numbers 

• Time series analysis using graphs, moving averages and linear regression 

• Forecasting using additive and multiplicative models 

• Creating future cash flows based on forecast figures and estimation 

• Calculating present, future and outstanding values and the internal rate of return of a project 

• Descriptive statistics, measures of central tendency, variability and graphical representation  

• Regression analysis, correlation, coefficient of determination and hypothesis testing  

• Lagrange multipliers and their applications in constrained optimisation problems  

• Decision making under uncertainty  

Module Aim:  

The main aim of this module is to examine the key mathematical concepts widely applied in modern business and economics. These include algebraic manipulation, functions, and elementary differential calculus, with particular application to optimisation in economics. It is designed to enable all students, regardless of their mathematical background, to apply mathematical concepts to business and economic problems. 

Indicative content:  

Some of the indicative content that this module will be covering include topics such as: 

• Linear equations 

• Non-linear equations 

• Financial Mathematics 

• Differentiation 

• Partial differentiation 

• Optimisation 

• Integration 

This module provides a solid foundation in the fundamental concepts and theories of economics, introducing principles of micro and macroeconomics, market structures and economic systems. We’ll equip you with the analytical tools you need to understand and evaluate economic issues and policies in a wide range of contexts – as well as the opportunity to work collaboratively with a client to explore real-world challenges.    

You’ll apply learning and skills such as:  
 

• Market forces and welfare, market efficiency and inefficient market allocations   

• Consumer choice 

• Firm behaviour, factor markets and market structures  

• Public goods and trades  

• Work experience through a client-led experiential project 

• Reflection on your strengths 

• Professional behaviours 

This module provides you with the knowledge and insight to lead, develop and engage with a diverse workforce, operating across varied business contexts. You’ll also take part in a simulated international collaboration. 

You’ll study topics such as: 

• Organisational behaviour and development 

• Ethical/legal/business case for equality, diversity and inclusion 

• Role of HR and line managers in developing people  

• Inclusive working environments 

• Employee engagement 

• Responsible, inclusive and ethical leadership 

• Intercultural management 

• Working and studying in other cultures  

This module focuses on advanced microeconomic theories and analysis, appreciating how introductory micro economic theories can analyse the choices and constraints facing consumers and producers, while introducing alternatives to the neo-classical economic model. You’ll then shift to more advanced macroeconomic theories – areas such as the GDP, inflation, unemployment, the AS-AD model, economic growth models and business cycle fluctuations – and you’ll gain experience through immersive work experience, in partnership with external organisations. 

You’ll study topics such as:  

• Demand: income and substitution effects of a price change 

• Supply: isocost and isoquant analysis 

• Transaction cost theory and their influence on the vertical boundaries of the firm 

• Ethical externalities and porter's concept of creating shared value 

• Game theory and the Cournot model 

• Bertrand and Stackelberg models 

• Short-run macroeconomic equilibrium and analysis of economic intervention 

• Combining the money and goods markets 

• ISLMBP model (Mundell-Fleming): open economy macroeconomics 

• Long-run growth, Solow growth and endogenous growth models 

This module explores the concepts, theories and issues related to multinational enterprises (MNEs) and foreign direct investment (FDI) – from how MNEs operate and their impact on host countries to how FDI is influenced by economic, political and cultural factors. You’ll develop critical thinking skills and analyse the benefits and drawbacks of MNEs and FDI, as well as their effects on the global economy. 

You’ll study topics such as:  

• Theoretical frameworks for understanding MNEs and FDI 

• Historical development of MNEs and FDI 

• International business environment and market entry strategies 

• MNEs and global value chains 

• International investment law and policy 

• Host country impact of MNEs and FDI 

• Corporate social responsibility and sustainability of MNEs 

• Technological change, innovation and MNEs 

• Managing MNEs in emerging markets 

• MNEs, government relations, cooperation and conflict 

This module introduces management decisions within a large-scale business, providing an understanding of the contemporary issues involved and the decision-making process. Using software you’ll act as the decision maker in the business, following the consequence of your decisions to either a profitable of unprofitable business, and analysing the outcome to solidify your learning.  

You’ll apply your learning and skills to:  

• Make independent judgements and justifications 

• Evaluate and analyse information to make sound judgements 

• Apply theory to real-life situations in a controlled environment 

• Focus on motivation and performance in decision making 

• Apply performance measures 

• Review your experience 

• Use academic writing skills 

This module focuses on microeconomic analysis of industries and firms, the structure of industries, the nature of market power and the behaviour of market participants – plus the interaction of firms within imperfectly competitive industries. For the second part, the focus shifts to explaining macroeconomic models using microeconomic foundations – from the consumption behaviour under both certainty and uncertainty, to investigating issues of liquidity constraints and precautionary saving. 

You’ll study topics such as:  

• Market structure and industrial concentration 

• Limit pricing and entry deterrence 

• Mergers  

• Research and development 

• Advertising 

• Multinational enterprises 

• Inter-temporal model of consumption behaviour 

• Economic growth: the Solow-Swan model and Endogenous growth theory 

• Real business cycle vs new Keynesian economies 

• Monetary policy and Inflation 

This module evaluates behavioural theories to help us better understand the world we live in, examining the strengths and weaknesses of the standard model to aid decision making with a more accurate account of real-life phenomena. We’ll discuss behavioural foundations of decision making, decision making under certainty, risk and uncertainty to intertemporal choice and strategic interactions between agents. 

You’ll study topics such as:  

• Basic consumer theory  

• Expected utility theory  

• Choice and risk 

• Prospect theory, reference-dependence and loss aversion models 

• Standard intertemporal choice models and their anomalies 

• Hyperbolic discounting, choice and time 

• Social preferences 

• Social influence and the Herding/bandwagon effect 

• Cognitive dissonance in economics 

• Mere exposure effect, validation bias and other cognitive/perceptive biases 

Module Aim:  

This module develops consultancy skills and transferable skills via real-world consultancy interventions. It is a capstone module that brings together student learning and previous work-based learning and supports the students becoming career ready through reflection and applied learning. 

The module is delivered through lectures, seminars (team meetings) and visits to client premises (where appropriate). 

Indicative content:  

• Consultancy Skills 

• Team-working 

• Process focused v Results focused 

• Communication skills 

• Inter-personal skills 

• Real-life consultancy projects working with industry partners and Executives in Residence 

• Opportunity to visit industry clients 

• Work in cross-discipline teams with students from other subject areas reflecting real-life  

• Reflection on current knowledge, skills, abilities and aptitude to support graduate employability 

• Guest lectures from industry experts  

This module enables you to critically evaluate how organisations develop and implement their strategies in a diverse, digital and global environment. We’ll look through the lens of real-life case studies that bring to life how organisations create their strategies, including applied environmental analysis in a volatile, uncertain, complex and ambiguous world. 

You’ll study topics such as: 

• Strategy process and its influencers in a global and digital environment 

• Strategy development  

• Complex organisational and environmental circumstances 

• Risk analysis and mitigation 

• Responsible and ethical decision making