Economics and Management BA Honours
University of Westminster
Key Information
Select location
Campus location
London, United Kingdom
Languages
English
Study format
On-Campus
Duration
3 - 4 years
Pace
Full time
Tuition fees
GBP 15,400 / per year *
Application deadline
Request info
Earliest start date
Sep 2024
* international - UK/EU: £9,250/year
Introduction
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 the 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 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 that come from professional practice and/or are regularly published 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
Why study this course?
- Combine theory and practice
Link theory to global practice through real-life case studies, guest lectures, field trips and insight from one of the world’s largest financial databases. - Learn industry-standard software
Enhance your digital literacy and computer skills by using industry-standard software, including Excel, Tableau and FAME. - Build connections
Build connections with peers and future business leaders.
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. Upon completing this course, you'll be able to apply for 4 exemptions entering into their Operational Level.
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Career Opportunities
This course is designed to prepare you to become a business leader, an entrepreneur or seek employment in SMEs, blue-chip organisations, the public, private or third sector. You could work in financial services, management consultancy, risk analysis and economic think tanks. You will graduate with knowledge and professional skills and a heightened sense of commercial awareness that will be immediately transferable in a business environment. Many of our students go on to postgraduate study here and at a range of other universities.
The University’s Careers and Employability Service has built up a network of over 3,000 employers around the world, helping all our students explore and connect with exciting opportunities and careers.
- Develop entrepreneurial skills
Develop your innovation & entrepreneurial skills in The Big Idea competition, sponsored by Santander. - Kickstart your career
Learn how to use social media in your job hunt or LinkedIn to kickstart your career. - Develop your CQ
- Develop your cultural intelligence – or ‘CQ’ – by studying alongside students and staff representing more than 100 nationalities.
Industry links
Westminster Business School is one of London’s leading centres for business education, based in the heart of London and its political, media and financial services scene.
Staff who currently teach on this course have extensive professional experience in a range of business sectors, with many staff maintaining links with industry through consultancy and training work.
Job roles
This course will prepare you for roles such as:
- Account manager
- Accounts assistant
- Analyst or researcher
- Business development executive
- Business development manager
- Management consultant
Westminster Employability Award
Employers value graduates who have invested in their personal and professional development – and our Westminster Employability Award gives you the chance to formally document and demonstrate these activities and achievements.
The award is flexible and can be completed in your own time, comprising a set of core and optional extracurricular activities.
Activities might include gaining experience through a part-time job or placement, signing up to a University-run scheme – such as mentoring or teaching in a school – or completing online exercises.
Admissions
Curriculum
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 in 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 optional 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, 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 Money, Banking and Financial Markets, Global Economic Issues, Information and Digital Economics, New Methods in Data Analysis for Business Decisions, and 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 optional modules listed above, you may be able to take the WBS Study Abroad Experience (subject to eligibility) or the WBS Work Experience (not available to students on a Tier 4/Student Visa).
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.
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, and 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 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
International Opportunities
Many of our courses offer international study and work experiences, and the University provides other global opportunities that all students can apply for - so whatever you're studying, you'll have the chance to go abroad.
Opportunities could include:
- Taking part in a semester or year-long exchanges at institutions around the world
- Attending an international summer school or field trip
- Developing your CV through volunteering or work placements abroad
International experience broadens horizons, boosts self-confidence, and improves global understanding, alongside being fantastic for your career.
Program Tuition Fee
Scholarships and Funding
The University is dedicated to supporting ambitious and outstanding students and we offer a variety of scholarships to eligible undergraduate students, which cover all or part of your tuition fees.
English Language Requirements
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