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COURSE OVERVIEW

  • Gain a rigorous understanding of economics and banking practices, ensuring you are equipped to make an immediate impact in national and global businesses
  • Benefit from the expertise and resources that exist within both the University of Winchester Business School and the new Department of Digital Futures
  • Develop some of the most in-demand skills in the global and digital economies such as data-analysis proficiency, risk management and cyber security
  • Practical application of economic principles and theory are at the heart of the course
  • No previous study of economics is required — all are encouraged to apply


New Open Banking rules, developments in financial technology and data analytics are just a few of the exciting changes that are shaking up the banking and finance industries. Our modern and highly relevant programmes offer you all the career opportunities of a degree in Banking and Finance within the solid context of an Economics degree framework.

The modern business world increasingly requires an ability to understand the driving principles of economics and financial operations. This BSc degree provides you with the opportunity to develop your knowledge, understanding, technical skills and confidence to operate successfully in an international and globalised work environment.

The three-year course focuses on core areas of economics and banking – macroeconomics, microeconomics and applied economics – as well as study in relevant areas of business and financial management.

Real-world and practical application of economic theory are at the heart of our career-focused degree programme. You develop quantitative and data analysis proficiency, honing your problem-solving skills

Built upon the United Nation’s Principles for Responsible Management Education (PRME) initiative, the programme is driven to enhance the key values for achieving sustainability. It is delivered by our research-active and expert team in economics, accounting and finance together with complementary expertise from the banking sector.

As a valued member of the department, you benefit from the excellent learning opportunities and resources that exist within the award-winning Winchester Business School. You also collaborate with the new Department of Digital Futures where you will be able to use banking simulation software for real-life learning.

Year 1 of the programme offers you an introduction to the world of business, finance and banking and also gives you the opportunity to develop your academic and professional skills. You will examine Principles of Macro- and Microeconomics, Mathematics for Economists and the Foundations of Banking.

In Year 2, you study specialist areas within economics and banking, Research Methods, Microeconomics Analysis, Econometrics and Ethics & Sustainability in Banking.

In your final year, you are able to choose from a wide range of options in subjects that interest you. This may include Investments, Digital Finance, History of Economic Thought or Volunteering in Banking.

Built in to the programme is the opportunity to gain work experience, study abroad and gain professional recognition through our established and new relationships with professional bodies and employers.

Our joint honours courses provide you with the knowledge, understanding and confidence to enter well-paid, international careers. All disciplines encourage you to develop skills such as problem-solving, rigorous argument and effective communication, which are in great demand in many employment sectors.

Rewarding professional careers await you in banking, financial services, accountancy and insurance, as well as in investment management, the treasury and audit departments of large companies and government services.

Suitable for Applicants from:

UK, EU, World

Work Placements

Students are able to undertake a year-long, non-credit bearing industrial placement between year 2 and year 3 of the programme.

Study Abroad

Our BSc (Hons) Economics and Finance course provides an opportunity for you to study abroad in year 3 of the programme. For more information see our Study Abroad section.

Learning and Teaching

Our aim is to shape 'confident learners' by enabling you to develop the skills needed to excel in your studies here and as well as onto further studies or the employment market. 

You are taught primarily through a combination of lectures and seminars, allowing opportunities to discuss and develop your understanding of topics covered in lectures in smaller groups.

In addition to the formally scheduled contact time such as lectures and seminars etc.), you are encouraged to access academic support from staff within the course team, your personal tutor and the wide range of services available to you within the University.

Independent learning

Over the duration of your course, you will be expected to develop independent and critical learning, progressively building confidence and expertise through independent and collaborative research, problem-solving and analysis with the support of staff. You take responsibility for your own learning and are encouraged to make use of the wide range of available learning resources available.

Overall workload

Your overall workload consists of class contact hours, independent learning and assessment activity.

While your actual contact hours may depend on the optional modules you select, the following information gives an indication of how much time you will need to allocate to different activities at each level of the course.

Year 1 (Level 4): Timetabled teaching and learning activity*

Teaching, learning and assessment: 432 hours
Independent learning: 768 hours

Year 2 (Level 5): Timetabled teaching and learning activity*

Teaching, learning and assessment: 264 hours
Independent learning: 936 hours

Year 3 (Level 6): Timetabled teaching and learning activity*

Teaching, learning and assessment: 180 hours
Independent learning: 1008 hours
Placement: 12 hours

*Please note these are indicative hours for the course. 

Further detail on the learning and teaching methods employed:

Lectures provide a framework for discussion of key concepts, research, theories and models relating to the field of economics and finance, and explore relationships between these and their application in practice. Seminars and workshops provide students the opportunity to work in small groups on activities which are designed to apply theory to practice and analyse and evaluate implications.  Case studies, stimulated business exercises, problem-based learning and real time problems are incorporated into seminar activities.

Presentations from guest speakers including professionals from industry and academic researchers. 

  • Individual and group projects to encourage collaborative working. 
  • Student presentations and role-play. 
  • Guided and supported independent study and research. 
  • Website technologies to include use of the learning network and students are encouraged to use virtual forums, such as blogs and discussion forums for collaborative working. 
  • Peer review and feedback in relation to formative assessments develop, for example, student understanding of assessment criteria and their ability to provide constructive and developmental feedback. 
  • Year-long work placement and opportunities to volunteer providing opportunities to apply learning to workplace context.

Location

Taught elements of the course take place on campus in Winchester

Assessment

Our validated courses may adopt a range of means of assessing your learning. An indicative, and not necessarily comprehensive, list of assessment types you might encounter includes essays, portfolios, supervised independent work, presentations, written exams, or practical performances.

We ensure all students have an equal opportunity to achieve module learning outcomes. As such, where appropriate and necessary, students with recognised disabilities may have alternative assignments set that continue to test how successfully they have met the module's learning outcomes. Further details on assessment types used on the course you are interested in can be found on the course page, by attending an Open Day or Open Evening, or contacting our teaching staff.

Percentage of the course assessed by coursework

The assessment balance between examination and coursework depends to some extent on the optional modules you choose. The approximate percentage of the course assessed by different assessment modes is as follows:

Year 1 (Level 4)*:

3% coursework
97% written exams
0% practical exams

Year 2 (Level 5)*:

50% coursework
50% written exams
0% practical exams

Year 3 (Level 6)*:

55% coursework
45% written exams
0% practical exams

*Please note these are indicative percentages and modes for the programme

Feedback

We are committed to providing timely and appropriate feedback to you on your academic progress and achievement in order to enable you to reflect on your progress and plan your academic and skills development effectively. You are also encouraged to seek additional feedback from your course tutors.

Further information

For more information about our regulations for this course, please see our Academic Regulations, Policies and Procedures

ENTRY REQUIREMENTS

2020 Entry: 104-120 points

A GCSE A*-C or 9-4 pass in Mathematics and English Language is required.

International Baccalaureate: 104-120 to include a minimum of 2 Higher level IB certificates at grade 4 or above.

If English is not your first language: IELTS 6.0 overall with a minimum of 5.5 in writing

Course Enquiries and Applications

Telephone: +44 (0) 1962 827234
Send us a message

International Students

If you are living outside of the UK or Europe, you can find out more about how to join this course by emailing our International Recruitment Team at International@winchester.ac.uk or calling +44 (0) 1962 827023

Visit us

Explore our campus and find out more about studying at Winchester by coming to one of our Open Days.

Year 1 (Level 4)

Modules Credits

Principles of Microeconomics 20

Microeconomics is a major branch of economic science that studies the behaviour of individuals in making decisions as buyers, sellers, business owners and government. This module introduces students to the key fundamental ideas of Microeconomics and covers the principles, technical language, concepts and fundamental methodologies. This includes the utilization and distribution of limited or scarce resources in the creation, production, supply and consumption of goods and services to meet demands. Where relevant, alternative economic approaches will be identified and considered. Real world data and case studies will be used to reinforce learning and insight. Students will be supported in tutorial seminars to build numeric competency through exercises using economic and business mathematics and statistics.

 

Principles of Macroeconomics 20

Macroeconomics is a major branch of economic science that studies issues and problems at the level of the national and international economy. This module introduces students to the key fundamental principles of Macroeconomics and covers: technical language, concepts and fundamental methodologies. Topics covered include: modelling, price theory, balance of payments, imports and exports, national income, unemployment, inflation, multiplier-effect, consumption, aggregate demand and supply, and government macroeconomic policy. Where relevant, alternative economic approaches will be identified and considered. Real world data and case studies will be used to reinforce learning and insight. Students will be supported in tutorial seminars to build numeric competency through exercises using economic and business mathematics, and statistics.

Mathematical Skills for Economists 20

This introductory mathematical module focuses on developing the essential quantitative skills that are used in the theoretical and applied economics. This will include those concepts from mathematics, algebra and calculus that are commonly employed in microeconomics and macroeconomics. It will also include coverage of the descriptive and inferential statistical concepts that are used in applied economics. The module will focus on developing student understanding of these concepts, and their ability to use these mathematical concepts in practice, when they engage with economic theory and applications.

Management Information 20

The provision and analysis of financial and operating information is a specialised service function primarily involving the collection, storage and recording of financial and operating data, its conversion to useful information and the effective communication of this information. This information assists management in a complex and dynamic business environment to make optimal business decisions.

Financial Accounting 20

This module aims to provide an introduction to the main technical language and practices of financial accounting and to the application of this knowledge to different forms of business organisation. With a focus on using the IASB’s Conceptual Framework and accounting for transactions and events from first principles, students will develop their conceptual understanding of accounting, their knowledge of the main accounting terminology and their awareness of the nature and purpose of financial reporting.

Foundations of Banking 20

This introductory core module of the banking programme familiarises students with the foundations of banking practice. Despite increasing digitisation, banking is about and for humans and involves decision-making under uncertainty. To understand the relationship between the banker and customer, social psychology is introduced as a tool. Banking is also firmly rooted in commercial law. Thus basic legal principles are explained and applied. This knowledge, together with the students’ training in accounting elsewhere, is drawn together and applied in basic commercial lending practice and relationship management in banking, which form the main content of this module.

Year 2 (Level 5)

Modules Credits

Microeconomic Analysis 30

The module builds on the concepts and models developed in the Level 4 Microeconomics module. Students continue to build competency in microeconomics using empirical data, statistics, policy analysis and microeconomic theory. The module will encourage students to understand the underlying behaviour of economic markets and financial systems in the context of uncertainty and risk.

Econometrics 15

This module focuses on the applied quantitative techniques which constitute the core of econometric theory and applications. It will focus on regression analysis, focussing on its essential theoretical background, and an emphasis on applied analysis. Students will develop the skills to conduct basic independent research, using appropriate information technology for applied econometric analysis, and evaluating and communicating the results of their work.

Research Methods for Accounting, Finance and Economics 15

The module is designed to enhance students’ conceptual understanding of current research and developments within the accounting and/or economics discipline(s) and to develop their capacity for independent critical thinking and self-managed learning. The module provides students with an appreciation of the issues involved in developing a research project, to enhance their understanding of published research and how to critique it, and to enable them to design, justify and defend their own research inquiry.

Data Analysis 15

An understanding of data and an appreciation of the key tools needed to analyse business data is becoming an essential skill for finance professionals. This module introduces students to the topic of data analytics and demonstrates how to apply it effectively in a business context. On this module, students will learn how to select and use tools to extract, validate and analyse data. Communication and visualisation of data, for example by using pie charts or cluster diagrams, will also be covered, allowing students to communicate their findings to both accounting and finance specialists and non-specialists.

Management Accounting, Planning and Control 15

The module builds on the introduction to management accounting studied at Level 4, and prepares students for advanced aspects of management accounting and finance at Level 6. This module will cover the design, use, application and evaluation of management accounting systems and techniques in organisations. There will be a particular focus on the practical commercial context and the theoretical underpinnings of budgeting and the planning, control and decision-making processes in organisations.

Financial Management 15

The module aims to develop students’ knowledge of investment appraisal techniques, valuation techniques and dividend policy. Students will learn how financial markets operate and how to evaluate the alternative sources of finance available to a business. The module builds on students’ knowledge of finance and financial management from Level 4, as well as preparing students to study more advanced aspects of financial risk management and investing at Level 6.

Ethics and Sustainability in Banking 15

This module focuses on two main issues, namely firstly the ethics of banking. For this, fundamental ethical considerations are covered and then they are applied to two key features of banking, namely charging interest (usury) and creating credit, in both historical and contemporary context. Secondly, in this module the topic of sustainability is introduced and applied to banking. Is the banking sector intrinsically unsustainable? Has banking been enhancing economic sustainability or has it been a factor in rendering economic activity unsustainable? Students will find answers to these questions and discover how banking can be made both sustainable and a key force towards ensuring environmental sustainability of the economy as a whole. Furthermore, students will encounter the UN Sustainable Development Goals and the link to banking.

Optional Sandwich Year

Modules Credits

Employment Experience 0

The aim of this module is to offer students to opportunity to undertake meaningful and relevant employment experience.   The employment experience will take the form of a 30 week long work placement and the student will be required to demonstrate the relevance of the work practice to the named route of study.  The employment experience will involve students’ demonstrating competency in key skills, such as communication and team working, and tasks relevant to their field of study.  This will necessarily require the student to apply learning from their studies to the work place, thus providing the opportunity to fully integrate their academic study with meaningful employment experience.

Year 3 (Level 6)

Modules Credits

Monetary and Financial Economics 15

The module will cover advanced topics in macroeconomics. This includes studies in international economics, financial engineering (hedge funds, derivatives and currency swaps) and a critical appraisal of forecasting techniques. The content of the module will cover economic welfare, trade cycles and sustainable growth. The module will encourage critical thinking, logic and reflection in assessing experimental and behavioural economics, and techniques for exploring issues such as ethics, responsible management and professional codes of practice. Macroeconomic theory will be used to critically consider issues such as orthodoxy versus heterodoxy. Statistics, numeric competency, models in macroeconomics and graphs will be prevalent in the module – this will include materials on GDP, measuring national income and output, and assessing money supply and policy.  Topics such as governance and law will be linked to macroeconomic frameworks, regulation and compliance.

Development Economics 15

This module presents a wide range of topics about economic development. This will include conceptual questions, such as the different theories of economic growth, but also the key empirical issues that are relevant to the reality of developing countries, such as the role of institutions, agriculture, finance and trade in promoting economic progress. The module will explore these issues with a range of theoretical perspectives, as well as highlight the key policy debates. The overall goal is for students to engage critically with the field of development economics to be able to answer the key issues that are relevant for the historical and contemporary reality of developing countries. The module requires a degree of familiarity with basic economic concepts.

Behavioural Economics and Finance 15

Economic and financial activities are products of human behaviour. Therefore, these activities are subject to the range of factors which influence predictable and unpredictable human behaviour. The purpose of this module is to develop a well-balanced and insightful approach to understanding economic and financial behaviour with contributions from other disciplines (e.g. psychology).  The module covers formal and informal behaviours, and explores in some detail the impact of individual and institutional behaviours. Students’ work will be based on real world economic and financial data, and case studies.

Local Banking and the World Financial System 15

This module deals with the structure, challenges and trends in the world financial system, beginning with the Bretton Woods gold-dollar standard and its transformation to the petro-dollar standard, and discusses the implications for banking. It covers the developments of major economies to establish rival financial systems not centred on the dollar and the risks and opportunities this creates. At the same time this global perspective is compared to the needs of local bank customers and the differing designs of banking structures (centralized vs. decentralized) with their implications for equitable, sustainable, stable and non-inflationary growth without crises. In this context, the local (community) banking model is covered. The dichotomy between global finance and local finance will be linked to the challenges faced in attempting to achieve the UN Sustainable Development Goals and the role played by banking.

Critical Issues in Banking 15

This module is the most advanced module in the banking programmes and is aimed at equipping students to deal with the most critical issues in banking. Specifically, it seeks to develop awareness, knowledge and skills in understanding both the theories and practice of the core banking activities and how to manage banks in a sustainable and successful way over the long-run, compliant with regulations and also contributing to society in a positive way. The module will allow students to develop the ability to undertake a comprehensive evaluation of the banking business from a critical viewpoint and suggest steps to improve long-term bank performance and client as well as stakeholder satisfaction. Furthermore, students will encounter the UN Sustainable Development Goals and the link to banking in this module.

Bank Regulation 15

The financial system has been flawed for many years and despite ongoing and increasing efforts to regulate the financial services industry we have seen successive bank failures and systemic failures within the financial system. In many respects, banking regulation and regulators have contributed to these failures and this course will start to delve into the main causes of these failures, how regulators have introduced new regulation, their methodology and rationale and actual effect. Students will be able to recommend improved and simplified regulation to ensure the banking system serves the needs of the economy and society at large. As regulators are increasingly concerned with sustainability issues, students will also encounter the UN Sustainable Development Goals and the link to banking in this module.

Optional modules
  • Digital Finance - 15 credits
  • Financial Risk Management - 15 credits
  • Investments - 15 credits
  • International Financial Reporting - 30 credits
  • Volunteering in Banking - 15 credits
  • Dissertation - 30 credits

Please note the modules listed are correct at the time of publishing, for full-time students entering the programme in Year 1. Optional modules are listed where applicable. Please note the University cannot guarantee the availability of all modules listed and modules may be subject to change. For further information please refer to the terms and conditions at www.winchester.ac.uk/termsandconditions.
The University will notify applicants of any changes made to the core modules listed above.

Progression from one level of the programme to the next is subject to meeting the University’s academic regulations.

2020 Course Tuition Fees

 UK/EU

International

Year 1 £9,250 £13,500
Year 2 £9,250 £13,500
Year 3 £9,250 £13,500
Total £27,750 £40,500
Optional Sandwich Year £700 £700
Total with Sandwich Year £28,450 £41,200

If you are a UK or EU student starting your degree in September 2020, the first year will cost you £9,250*. Based on this fee level, the indicative fees for a three-year degree would be £27,750 for UK and EU students.

Remember, you don't have to pay any of this upfront if you are able to get a tuition fee loan from the UK Government to cover the full cost of your fees each year. If finance is a worry for you, we are here to help. Take a look at the range of support we have on offer. This is a great investment you are making in your future, so make sure you know what is on offer to support you.

UK/EU Part-Time fees are calculated on a pro rata basis of the full-time fee for a 120 credit course. The fee for a single credit is £77.08 and a 15 credit module is £1,156. Part-time students can take up to a maximum 90 credits per year, so the maximum fee in a given year will be the government permitted maximum fee of £6,935.

International part-time fees are calculated on a pro rata basis of the full-time fee for a 120 credit course. The fee for a single credit is £112.50 and a 15 credit module is £1,687.

*The University of Winchester will charge the maximum approved tuition fee per year. 

ADDITIONAL COSTS

As one of our students all of your teaching and assessments are included in your tuition fees, including, lectures/guest lectures and tutorials, seminars, laboratory sessions and specialist teaching facilities. You will also have access to a wide range of student support and IT services.

There might be additional costs you may encounter whilst studying. The following highlights the mandatory and optional costs for this course:

Optional

Core Texts

It is recommended that students purchase the latest editions of all of the core textbooks. Some of these texts relate to extensive online material for which you require an access code supplied with a textbook. It is possible for students to purchase second-hand copies where applicable. Cost: £50 - £200 per year

Volunteering and Placements

Students may incur travel costs on optional volunteering placements in the second or third year of study. Cost: £5 - £30 per day

Printing and Binding

We are proud to offer free printing for all students to ensure that printing costs are not a potential financial barrier to student success. The University of Winchester and Winchester Student Union are champions of sustainability and therefore ask that all students consider the environment and print fairly. Students may be required to pay for the costs of dissertation binding. Indicative cost is £1.50-£3.

Smart Wear

Students may be expected to dress formally for oral assessments. Costs will vary depending on the students existing wardrobe. Cost: £0 - £50

SCHOLARSHIPS, BURSARIES AND AWARDS

We have a variety of scholarship and bursaries available to support you financially with the cost of your course. To see if you’re eligible, please see our Scholarships and Awards. 

Key course details

UCAS code
L13N
Duration
3 years full-time; 4 years full-time (sandwich); 6 years part-time
Typical offer
104-120 points
Location
On campus, Winchester