BA (Hons)

Economics with Business

student examining financial data in trading room
  • UCAS code(s): L1N1 / L1NC
  • Level(s) of study: Undergraduate
  • Study mode(s): Full-time / Sandwich
  • Location: City Campus
  • Starting: September 2018
  • Course duration: 3 / 4 year(s)
  • Entry requirements: More information

Economics is built on some simple, yet important, idea known as threshold concepts. These apply to decisions taken every day by individuals, firms and governments. Some of these decisions can have very important effects for all of us.

This course provides a solid grounding in the threshold concepts underpinning economic analysis, using its distinctive perspectives to critically analyse business decision-masking. You will learn about the industry and regulatory contexts surrounding decisions in an international setting as well as develop crucial employment skills.

This flexible course provides a solid grounding in the main elements of economic analysis, while emphasising their application to public and private organisations, as well as to question policy.

As an Economics student you’ll have access to our unique Trading Room facility. With 12 double-screen workstations, the room gives you a simulated experience of working in the fast-moving world of shares and trading. You can access sophisticated analysis tools and data on worldwide financial markets.

This course can be studied over three years full-time or four years with a placement, and offers all students the opportunity to gain some industry experience or travel overseas to study abroad in one of our partner universities with our unique opportunities scheme.

What you'll study

We are currently reviewing the content of our courses to ensure that they remain relevant and current to our students’ future ambitions and society. Please continue to check this course webpage for the latest developments.

The course begins in September. Take a look at the academic calendar for term dates. The academic calendar will apply throughout your course, aside from your placement year (if you choose to undertake one).

  • Year One

    Macroeconomics I

    This module will introduce you to key macroeconomic variables, such as growth, inflation, unemployment and trade, and to theoretical perspectives on their determination applying models in a national and international context. It provides the building blocks for further critical analysis later in the course.

    Microeconomics I

    This module will provide you with a comprehensive introduction to microeconomic theory and enable you to analyse markets, institutions and policy. In doing so, you will learn to understand the interconnectedness of economic participants, such as consumers and producers.

    Quantitative Methods for Economists

    An ability to understand and analyse quantitative data is an important part of an economist’s toolkit. This module will develop your numeracy, enabling you to explore, describe and utilise data in economic and business analysis.

    Economic Applications and Practice

    This module focuses on applications of key economics ideas and principles. In doing so, it develops the skills needed for you to ‘think like economists’ and to apply the ‘economist’s toolkit’ to a myriad of issues, including those of relevance to government, consumers, businesses and management.

    The module introduces you to the disciplines ‘threshold concepts’ and looks to develop an understanding of how these can help in analysing real-world problems and issues. Therefore, you will be introduced to the sort of work that might be undertaken in the workplace by professional economists, including the UK’s Government Economic Service (GES) and its international counterparts.

    This module enable you to develop their skills as problem-solvers and better understand the processes involved in devising policy recommendations to issues often affecting a range of stakeholders.

    Economic History and Thought

    An awareness of economic history is crucial to understanding different economic perspectives and their application. This module analyses key qualitative and quantitative developments in the world economy over the last three centuries, with reference to the related key developments in the history of economic thought.

    Introductory Finance for Economists

    The importance of understanding the role played by the financial system in modern economies and of the behaviour of financial institutions has been vividly demonstrated by the financial crisis of the late 2000s. The module will teach you to appreciate the workings of the financial system and, crucially, its importance for wider economic activity.

  • Year Two

    First half of Year Two – Core Modules

    Economic Principles and Applications I

    This module applies a range of economic theories and concepts to both microeconomic and macroeconomic issues. It will deepen your understanding of individual decision-making, the interconnectedness of these decisions and their impact. It will also introduce alternative perspectives on how economies work and alternative views on the impact of macroeconomic policies.

    Econometrics

    This module will develop further the tools and techniques that enhance your ability to use quantitative data to evaluate economic and business decisions. It will help you to build and test models of economic phenomena and introduce you to forecasting and hypothesis testing.

    Industrial Economics

    This module will enable you to apply economic techniques to analyse the workings of industries and firms, in their market context. You will explore a range of alternative economic theories concerning the behaviour of firms and will discuss government policies towards industries and firms.

    Second half of Year Two

    You can either select one of our Unique Opportunities Initiatives or continue with your taught modules listed below.

    Core modules:

    Economic Principles and Applications II

    The module explores how we might use economics to better understand the complexity of real-world phenomena. In microeconomics, it analyses the interconnectedness of individual decisions particularly in light of the risk or uncertainty that surround such decisions. Meanwhile, in macroeconomics it considers a range of perspectives in explaining the determinants of key aggregate variables.

    Managerial Economics I

    This module involves the application of economic tools and techniques to contemporary business decisions, incorporating experience in the use of computer software to aid analysis.

    Plus one optional module from:

    Applied Economics

    The module analyses key micro and macroeconomic policy issues that affect contemporary society, considering a range of policy issues that are relevant to economists, including the natural environment and sustainability, the labour market, healthcare, ageing and pensions, and housing. You will develop an understanding of the economic ideas and debates behind the decision-making associated with the allocation of resources at local, national and international levels.

    Management Accounting for Decision Making

    This module examines a range of management accounting techniques used in business decision making. It aims to develop your understanding of the value and limitations of accounting information for managerial decision making, planning and control purposes within organisations.

  • Year Three

    Placement Year

    A vital component of our degree courses is the placement year. This time spent working in business provides our students with crucial work experience, which is highly prized and much sought after by employers upon graduation. We have links with a wide range of sectors, firms and organisations that offer student placements. If you have decided to undertake a placement year then this will last for a minimum of 48 weeks during your third year.

    Our Employability Team is here to inspire and enhance every stage of your career planning and as a graduate of NTU, you will be able to access their services for three years after your course has finished.

    Services they provide include:

    • finding placements, internships and part-time work
    • pursuing self-employment
    • taking gap years and time out
    • getting into volunteering
    • providing advice on further study.

    Or;

    Taught Modules

    If you have decided to continue with your studies please view the 'Final Year' tab for your list of modules.

  • Final year

    Leadership and Employability

    Critical personal reflection is a crucial skill that enables individuals to develop the knowledge and skills necessary to achieve their full potential. During this module you will identify and articulate in a reflective manner the distinctive perspectives and skills that economists have which are valued in society.

    Research Project

    This module will see you undertake an individual in-depth study of a topic related to economics. During the project you will develop your skills to independently manage a major piece of work. The work will be written in the style of an academic article giving you the chance to practice writing for an academic audience.

    Developments in Economic Theory

    The module builds on the micro and macroeconomic theory developed previously on the course, providing a critical analysis of economic theories and principles which affect individual, government, business and managerial decision-making. You will apply both microeconomic and macroeconomic ideas to analyse a range of contemporary issues of concern to decision-makers.

    Economics of International Trade

    This module uses economic theories to analyse the potential determining factors of trade, distinguishing between the trade patterns of developed countries and developing countries. You will develop a critical understanding of the macroeconomic context of international trade.

    Managerial Economics II

    This module traces the growth and development of firms, critically applying economic theories to derive explanations for not only why firms grow, but also how firms grow. Related decisions regarding organisational structure and governance are also analysed.

    Plus one optional module from:

    Contemporary Economic Perspectives

    This module will provide you with a critical perspective on the methods and analysis of economists. You will compare the different interpretations of contemporary economic issues and events and the lessons that can be drawn. The module adopts a pluralistic approach enabling a critique of mainstream economic thinking.

    Corporate Governance and Fraud Risk Management

    This module focuses on the nature of corporate governance in the UK corporate sector, evaluating current recommendations and developments in the field of corporate governance both in the UK and overseas.

    Econometric Methods

    This module build on the econometrics from earlier in the course to develop your ability to use appropriate statistical methods to test economic and financial theories to aid the evaluation of government, business and investments policies and strategies.

Nottingham Business School joins world top 5% with global AACSB accreditation

How you’re taught

Assessment methods include; examinations, practically assessments including policy briefings; economics impact analysis; business and finance investment analysis using contemporary software; business analysis reporting; and country trade-flow analysis.

Teaching and learning on the economics course involves a blend of three crucial elements.

  • Exposure to a variety of economic perspectives
  • Application of theories and concepts to policy issues in business, trade and finance
  • Development of quantitative and qualitative skills of economic analysis.

You will also have a number of one-on-one tutor sessions during each year, which will allow you to:

  • discuss your personal and professional development
  • discuss and gain feedback about your work
  • ask questions about the projects you're working on
  • raise any difficulties you are experiencing relating to your work, personal circumstances or your University experience.

You'll also use our virtual learning environment, NOW, which is a flexible web-based system that gives you 24-hour access to module learning materials and reading lists. It allows you to discuss work with tutors and submit coursework electronically from anywhere in the world.

Assessment methods

Full time version of the course (3 years)

  • Year 1 coursework (38%) and written (62%).
  • Year 2 coursework (15%), written (77%) and practical (8%).
  • Year 3 coursework (88%) and written (12%).

Sandwich version of the course (4 Years)

  • Year 1 coursework (38%) and written (62%).
  • Year 2 coursework (15%), written (77%) and practical (8%).
  • Year 3 placement (100%).
  • Year 4 coursework (88%) and written (12%).

Contact hours

A full-time student on average can expect to spend 1200 hours a year learning which will typically be broken down as follows:

Full time version of the course (3 years)

  • Year 1 lectures/seminars/workshops (31%) and independent study (69%).
  • Year 2 lectures/seminars/workshops (26%) and independent study (74%).
  • Year 3 lectures/seminars/workshops (24%) and independent study (76%).

Sandwich version of the course (4 Years)

  • Year 1 lectures/seminars/workshops (31%) and independent study (69%) .
  • Year 2 lectures/seminars/workshops (26%) and independent study (74%).
  • Year 3 placement (100%).
  • Year 4 lectures/seminars/workshops (24%) and independent study (76%).

100% of students studying BA (Hons) Economics with Business were satisfied with the course (National Student Survey 2017)

Careers and employability

Graduates from this course have gone onto working in both public and private sector, undertaking positions such as:

  • account manager
  • business analyst
  • client accountant
  • customer care executive
  • data manager.

In the last few years, graduates from this course have gone onto securing roles with well known employers such as:

  • Secure Trust Bank
  • Lambert Smith Hampton
  • L'Oreal Luxe
  • NHS
  • Nationwide Building Society.

Students on this course tend to earn the average salary of £22,300 six months after graduation (DLHE 2015/16)

Notable Alumni

We like to keep in touch with all our past students to see what they have been up to over the years, a few notable alumni for our Economics with Business course are:

  • Ben Burghes - Senior Manager of Strategic Procurement at Coca-Cola Enterprises Ltd
  • Martin Jones - Former GB and England Hockey Player and Beeston Head Coach

Sixth in the UK for the number of students on year-long placements studying Economics (HESA 2015/16)

Ninth in the UK for number of students studying Economics (sandwich / four years part-time) (HESA 2015/16)

Entry requirements

You will need one of the following:

  • A-levels – BBB, excluding General Studies; or
  • BTEC Extended Diploma – DDM; or
  • 120 UCAS Tariff points from three A-levels or equivalent qualifications, excluding General Studies; and
  • GCSEs – English grade C / 4 and Maths grade B / 5.

We will consider equivalent qualifications and combinations, please see our website or UCAS course search for details.

The UCAS Tariff

We’ve created this calculator to help you work out how many UCAS points your qualifications relate to.

Getting in touch

If you need any more help or information, please email our Admissions Team or call on +44 (0)115 848 4200.

International qualifications

We accept qualifications from schools, colleges and universities all over the world for entry onto our UG and PG degrees. If you’re not sure how your international qualification matches our course requirements please visit our international qualifications page.

Pre-masters and foundation courses

If you need to do a foundation or pre-Masters course to meet our course requirements please visit Nottingham Trent International College (NTIC). If you are already studying in the UK at a school or college and would like to know if we can accept your qualification please visit our foundation and pre-Masters courses page.

English language entry requirements

If English is not your first language you need to show us that your language skills are strong enough for intensive academic study. We usually ask for an IELTS test and we accept some alternative English Language tests.

Help and support

If you have any questions about your qualifications or about making an application to the University please contact our International Team for advice.

University preparation courses

If you do not meet the entry requirements you may be interested in our pre-Masters / Foundation courses at Nottingham Trent International College (NTIC) which leads onto this postgraduate / undergraduate degree if successfully completed. NTIC students are based on the City Campus and have access to all the University facilities.

Find out more about the university preparation courses at NTIC.

How to apply

Ready to join us? Then apply as soon as you can. Just click the Apply button at the top of the page and follow the instructions for applying. Make sure you check the entry requirements above carefully before you do.

Writing your application and personal statement

Be honest, thorough and persuasive in your application. Remember, we can only make a decision based on what you tell us. So include all of your qualifications and grades, including resits or predicted grades.

Your personal statement is a really important part of your application. It’s your chance to convince us why we should offer you a place! You’ve got 4,000 characters to impress us. Make sure you use them to show how your skills and qualities are relevant to the course(s) you’re applying for. For more hints and tips, take a look at our page on how to write a good personal statement.

Keeping up-to-date

After you’ve applied, we’ll be sending you important emails throughout the application process so check your emails regularly, including your junk mail folder.

You can get more information and advice about applying to NTU on our Your Application page. Good luck with your application!

Getting in touch

If you need any more help or information, please email our Admissions Team or call on +44 (0)115 848 4200.

Please read our notes on the University's commitment to delivering the educational services advertised.

You can apply directly to the University for an Undergraduate course if you’re not applying to any other UK university in the same year. If you are applying to more than one UK University you must apply through UCAS.

Apply as early as you can so that you have time to prepare for your studies. If you need a visa to study here you need to plan this into your application.

Apply now (UCAS)

Keeping up-to-date

After you’ve applied, we’ll be sending you important emails throughout the application process so check your emails regularly, including your junk mail folder.

Good luck with your application!

Please read our notes on the University's commitment to delivering the educational services advertised.

Further information on how to apply

Need help with your application?
For admissions related enquiries please contact us:
Telephone: +44 (0)115 848 4200

Fees and funding

Preparing for the financial side of student life is important, but there’s no need to feel anxious and confused about it. We hope that our fees and funding pages will answer all your questions.

Getting in touch

For more advice and guidance, you can contact our Student Financial Support Service.

Tel: +44 (0)115 848 2494

While we aim to keep any extra study costs to a minimum, please see our page on additional costs and optional extras to find out about any additional expenses you may incur on your course.

International fees and scholarships

For international and EU fees for all courses together with advice on how to pay, please visit our international fees information.

We offer prestigious scholarships to our international students holding offers to study here. For details and an application form please visit our international scholarships information.

While we aim to keep any extra study costs to a minimum, please see our page on additional costs and optional extras to find out about any additional expenses you may incur on your course.

Still need help?

Nottingham Business School
+44 (0)115 848 4460