Economics and Management BA Ho - University of W

Tuition Fee

GBP 15,400

Per year

Start Date

Medium of studying

On campus

Duration

48 months

Details

Program Details

Degree

Bachelors

Major

Art Conservation | Printmaking | Mortuary Science

Area of study

Arts | Health | Journalism and Information | Security Services

Education type

On campus

Timing

Full time

Course Language

English

Tuition Fee

Average International Tuition Fee

GBP 15,400

Intakes

Program start date	Application deadline
2024-09-01	-

About Program

Program Overview

Course summary

Whether caused by politics, environmental issues or world health crises, the global economy is ever changing and of growing concern to businesses. Monitoring and predicting the impact of economics on business is now a top priority, raising the demand for graduates who understand how markets work and how local and international issues can affect competition and performance.

Combining the study of economics with general business management, this degree is designed to equip you with the skills and knowledge to analyse individual company and industry performance within the context of global economics. Using live and historical data in our state-of-the-art Financial Markets Suite (FMS), you’ll apply economic theory and practice to real-world businesses, learning how to plan, evaluate economic trends and become better placed to help firms make effective business decisions.

To help you support future business and management decisions, we’ll examine how and why businesses emerge, exist and expand – studying their global environment, relationship and interactions with employees, providers of capital, customers, competitors, government and other regulatory bodies. You’ll gain a deeper understanding of the economic, qualitative and quantitative techniques and ideas used to analyse and solve business problems in a global marketplace.

Taught by academics with substantial business experience across the range of business disciplines, through consultancy or knowledge exchange, there is an emphasis on learning through practice, so you graduate with the breadth of knowledge and capabilities to respond proactively and creatively to contemporary business issues and challenges. Throughout the course, you’ll also develop a range of transferrable skills highly prized by employers, such as critical evaluation, self-direction and problem-solving, as well as a sound grasp of analysis, presentations and negotiation techniques.

You’ll be capable of holding positions of significant responsibility and authority in public companies, private businesses and government agencies. Past graduates have found successful employment as management, marketing and advertising trainees, as trainee accountants and brand managers, recruitment consultants, retail managers and as assistants in market research, PR and global branding.

Top reasons to study with us

Study at one of London’s leading centres for business education based in the heart of London and its political, media and financial services scene
Courses are delivered by a multicultural and international teaching body, who come from professional practice and/or regularly publish in top international journals
Employability embedded across the curriculum, with dedicated specialist modules at every level
Access to one of the largest financial databases in our state-of-the-art Bloomberg virtual trading room
Participate in Westminster Working Cultures trips to understand working cultures within businesses abroad, which in the past have included Berlin, Mumbai and Washington DC
Free online subscription to The Financial Times
In the REF 2021, 75% of our business school impact case studies in the Business and Management Unit of Assessment scored 4* whilst 25% scored 3*. Read how our research is shaping the world

Course structure

This degree combines general business knowledge with key theories and concepts in economics and their application in international business. You’ll gain a solid understanding of areas such as managing people, operations, logistics, marketing and business ethics. In each year of study, you will take a combination of core and optional modules which cover specialisms such as economic forecasting or information and digital economics, for example.

The following subjects are indicative of what you will study on this course.

Year 1
You're introduced to the functions of business organisations, the broader business environment, and key management skills and competencies, including information gathering and analysis, accounting, marketing and organisational behaviour. We consider business organisations, their purposes, structures and governance in a global context, together with cultural differences and ethical constraints. You’ll learn about basic management accounting concepts and deepen your understanding of company financial information and, in particular, how this information gets reported and analysed. Subjects of study include: Global Business Environment Business Analytics Fundamentals of Organisational Behaviour Accounting and Finance Fundamentals Marketing in Practice You will also have the opportunity to take an option module that broadens your skills or helps you gain more in-depth knowledge of your specialist area. Your option module may be a foreign language. Credit Level 4

Year 1

You're introduced to the functions of business organisations, the broader business environment, and key management skills and competencies, including information gathering and analysis, accounting, marketing and organisational behaviour. We consider business organisations, their purposes, structures and governance in a global context, together with cultural differences and ethical constraints. You’ll learn about basic management accounting concepts and deepen your understanding of company financial information and, in particular, how this information gets reported and analysed.

Subjects of study include:

Global Business Environment
Business Analytics
Fundamentals of Organisational Behaviour
Accounting and Finance Fundamentals
Marketing in Practice

You will also have the opportunity to take an option module that broadens your skills or helps you gain more in-depth knowledge of your specialist area. Your option module may be a foreign language.

Credit Level 4

Year 2
You’ll study principles of economics, introducing you to the economist’s view of the world. We’ll preview some of the big ideas that recur throughout economics, such as opportunity cost, marginal decision making, the role of incentives, the gains from trade, and the efficiency of market allocations. You’ll also concentrate on case studies illustrating how the principles of economics are applied. Management modules will also focus on developing key transferable skills more, such as looking into explaining the process of managing a project, evaluating the role of individuals in a company and how this can be used to plan a business better. You’ll learn to make decisions regarding overall resource management and how to influence a company’s future direction and strategies to add value. Subjects of study include: Managing and Leading People Management Decision Making Essentials of Economics You can also choose three options from: Money, Banking and Financial Markets, Global Economic Issues, Information and Digital Economics, New Methods in Data Analysis for Business Decisions, The Economics and Finance of Sport. You will also have the opportunity to study a module from other parts of the University, including a foreign language. Alternatively, in place of the option modules listed above, you may be able to take the WBS Study Abroad Experience (subject to eligibility) or the WBS Work Experience. Credit Level 5

Year 2

You’ll study principles of economics, introducing you to the economist’s view of the world. We’ll preview some of the big ideas that recur throughout economics, such as opportunity cost, marginal decision making, the role of incentives, the gains from trade, and the efficiency of market allocations. You’ll also concentrate on case studies illustrating how the principles of economics are applied. Management modules will also focus on developing key transferable skills more, such as looking into explaining the process of managing a project, evaluating the role of individuals in a company and how this can be used to plan a business better. You’ll learn to make decisions regarding overall resource management and how to influence a company’s future direction and strategies to add value.

Subjects of study include:

Managing and Leading People
Management Decision Making
Essentials of Economics

You can also choose three options from: Money, Banking and Financial Markets, Global Economic Issues, Information and Digital Economics, New Methods in Data Analysis for Business Decisions, The Economics and Finance of Sport. You will also have the opportunity to study a module from other parts of the University, including a foreign language.

Alternatively, in place of the option modules listed above, you may be able to take the WBS Study Abroad Experience (subject to eligibility) or the WBS Work Experience.

Credit Level 5

Placement year
Between Years 2 and 3, you can take an optional work placement or study year abroad. The work placement year is a one-year full-time business work placement. Past students have completed placements in a variety of small to medium size enterprises (SMEs) and prestigious organisations, including Barclays Bank, British Airways, Disney UK, IBM and the NHS. The study abroad year allows you to follow a programme of study at one of our partner institutions, giving you the opportunity to experience life in another country and learn Business from a different cultural viewpoint. You can also choose to split your year abroad into a first semester exchange and a second semester work placement, both conducted overseas.

Placement year

Between Years 2 and 3, you can take an optional work placement or study year abroad. The work placement year is a one-year full-time business work placement.

Past students have completed placements in a variety of small to medium size enterprises (SMEs) and prestigious organisations, including Barclays Bank, British Airways, Disney UK, IBM and the NHS.

The study abroad year allows you to follow a programme of study at one of our partner institutions, giving you the opportunity to experience life in another country and learn Business from a different cultural viewpoint.

You can also choose to split your year abroad into a first semester exchange and a second semester work placement, both conducted overseas.

Year 3
Examining the present state of microeconomic and macroeconomic policy and its application to the UK and the global economy, we’ll focus on the issue of market failure, and the problems created by government intervention in the economy. We’ll also look in-depth at current themes in economics, such as environmental problems, economic growth, inequality, financial markets and macroeconomic policy management. You’ll also explore the process of working in a team, applying personal and professional responsibility. Your studies conclude with the Global Strategic Management module, designed to simulate the nature of strategic decision-making in the management of a commercial organisation. Subjects of study include: Strategic Perspectives Contemporary Issues in Economics Leadership and Professional Practice Applications of Economics You can also choose two options from: Development Economics, International Economics and Forecasting for Managers. You have the opportunity to study one module from across the University, including a foreign language. Credit Level 6

Year 3

Examining the present state of microeconomic and macroeconomic policy and its application to the UK and the global economy, we’ll focus on the issue of market failure, and the problems created by government intervention in the economy. We’ll also look in-depth at current themes in economics, such as environmental problems, economic growth, inequality, financial markets and macroeconomic policy management. You’ll also explore the process of working in a team, applying personal and professional responsibility. Your studies conclude with the Global Strategic Management module, designed to simulate the nature of strategic decision-making in the management of a commercial organisation.

Subjects of study include:

Strategic Perspectives
Contemporary Issues in Economics
Leadership and Professional Practice
Applications of Economics

You can also choose two options from: Development Economics, International Economics and Forecasting for Managers. You have the opportunity to study one module from across the University, including a foreign language.

Credit Level 6

Professional recognition

The Chartered Institute of Management Accountants (CIMA) is the world's largest professional body of management accountants offering the most relevant accounting qualification for a career in business. If you are considering a career in finance and business, the CIMA qualification will open doors with employers all over the world. On completing this course you'll be able to apply for 4 exemptions entering into their Operational Level.

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Economics and Management BA Honours

Program Overview

Course summary

Top reasons to study with us

Course structure

Professional recognition

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