View content
Jump to:

COURSE OVERVIEW

  • Gain highly-valued, transferable skills that can lead to well-paid jobs in a broad array of industries
  • Develop some of the most in-demand skills in the global and digital economies such as quantitative and data-analysis proficiency
  • Study finance and management accounting as well as having the opportunity to follow a specific Economics and Finance Pathway
  • 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

Economists are indispensable to businesses and the world at large for their ability to analyse complex data and explain it in easy-to-understand terms. As a social science, economics helps us to answer critical questions around banking systems, financial crises, taxes, policy, investment and growth.

It’s an intellectually challenging discipline that shows you how to apply maths and statistical data to solve increasingly complex financial problems. A full set of wider transferable skills make economics’ graduates some of the most highly sought after across a range of sectors.

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 three core areas – macroeconomics, microeconomics and applied economics -– as well as study in management accounting, financial management, investments and risk 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

In Year 1, you receive an introduction to micro- and macroeconomics, finance, management accounting and advanced mathematical skills.

Year 2 focuses on advanced modules in these subjects but also optional courses in economic theory and international trade.

In Year 3, you explore public and alternative economics, and choose from optional modules such as business ethics, managing change, strategy and more.

No previous study of economics is required or assumed and all are encouraged to apply.

Employers value economists’ technical expertise as well as their numeracy, critical thinking, analysis and communication and team-work skills. As a result they tend to be well remunerated. Our graduates are in high demand in a wide variety of financial and non-financial sectors such as banking, insurance, financial services and accounting, but also in law, management and marketing.

The Institute of Chartered Accountants in England and Wales (ICAEW), Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) will offer graduates of this programme exemptions from some professional examinations.

Accreditation

The Institute of Chartered Accountants in England and Wales (ICAEW); Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) will offer graduates of this programme exemptions from some professional examinations.

Careers

Economics graduates are in demand by employers, due to the recognised need in the public, private and third sectors for their expertise. Graduates of these proposed programmes will be able to enter a wide range of business careers such as banking, insurance, financial services and accounting. Careers in this field are particularly well paid, recognising the skills utilised and the technical expertise required.  According to The Independent, economics graduates' earnings potential is only bettered by graduates of medicine, dentistry and chemical engineering.

94.4% of our 2015/16 graduates (first degree and other undergraduate courses) were in employment and/or further study six months after completing their course (Destinations of Leavers from Higher Education survey).

Pre-approved for a Masters

If you study a Bachelor Honours degree with us, you will be pre-approved to start a Masters degree at Winchester. To be eligible, you will need to apply by the end of March in the final year of your degree and meet the entry requirements of your chosen Masters degree.

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 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: 360 hours
Independent learning: 840 hours

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

Teaching, learning and assessment: 288 hours
Independent learning: 912 hours

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

Teaching, learning and assessment: 168 hours
Independent learning: 1020 hours
Economics: 12 hours

At each level, lectures are utilised to stimulate interest in the modules, to define the syllabus and to guide students in their learning and development of critical analysis. In tutorials and workshops the use of discussion groups, case studies, student-centred activities and multimedia presentations will encourage students' participation in the learning process and foster cohort identity, peer interaction and support. These activities are designed to develop students' specific subject knowledge and understanding and to increase their ability and capacity to analyse and critically evaluate. The learning and teaching strategy is also designed to develop students' professional/vocational skills linked to time management, communication, problem-solving and team work.

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 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 at King Alfred or West Downs, University of 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)*:

12% coursework
83% written exams
5% practical exams

Year 2 (Level 5)*:

52% coursework
45% written exams
3% practical exams

Year 3 (Level 6)*:

72% coursework
28% 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

Requirements

2018 Entry: 104-120 points

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

International Baccalaureate: 26 points

If English is not your first language: Year 1/Level 4: 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.

Additional Requirements

Direct entry to Levels 5 or 6 is available to students demonstrating the required level of technical skills and subject knowledge.  This will be evidenced by, and dependent upon, the module content studied and the grades achieved. Students are normally required to have achieved grades at least equivalent to a 2:2 classification in all Economics modules studied prior to the level of entry.

Year 1 (Level 4)

Modules Credits

Programme Focused Assessment 40

This module is an overall assessment module which requires students to demonstrate the Economics Programme level learning outcomes at Level 4 and confirm Level 4 module learning outcomes in the context of an integrated assessment.

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.

Finance 20

This module aims to introduce the core concepts and key topics areas of business finance and financial environment. It will enable students to develop knowledge and understanding of how the financial markets operate, evaluate alternative sources of finance available to a business, analyse the cost of difference sources of finance used by a company and the weighted average cost of capital. Students will also learn how to apply the cost of capital in the investment appraisal process and evaluate the investment projects using the main investment appraisal methods.

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.

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.

Year 2 (Level 5)

Modules Credits

Applied Management Research 30

This module aims to provide a foundation for students to develop their understanding and application of research methods for academic and professional purposes. Students will explore a variety of research approaches and will develop practical research skills including problem definition and scope; effective research design; and data collection and analysis.  In addition, students will develop an appreciation of ethical implications of the research process to facilitate responsible research practice.

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.

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.

Macroeconomic Analysis 30

The module builds on the concepts and models developed in the Level 4 Macroeconomics module. Students continue to build competency in macroeconomics using empirical data, statistics, policy analysis and macroeconomic theory. The module will encourage students to understand monetary and fiscal policy, economic growth and growth models, business cycles, global financial markets, technology and employment, game-theory, currency index and foreign exchange markets, digital economies, stock exchanges and the role of money and liquidity in the world economy.

Optional Credits

Optional Modules

History of Economic Thought 15 Credits
International Economics: Theory & Practice

Year 3 (Level 6)

Modules Credits

Critical Economics 15

Despite advances in economic thought, recurrent local or global financial crises, bubbles and boom and bust cycles have become a constant feature of modern life. In this module we will look at whether orthodox economic theory can adequately respond to these events, and assess the new and not-so-new theories and approaches that have been suggested to minimise the chaos and suffering that these crises regularly bring about. We will look at a selection of crises from the past, at why and how particular countries have fared well or badly during them, and at what measures might be taken by economies to minimise exposure to these events. We will also ask whether an alternative approach in economic matters might be able to bring such cycles to a close.

Public Economics

In this module we look at a range of economic issues from the perspective of the state and public finances. We will consider the benefits and problems associated with the state’s involvement in providing goods, the welfare state and the extent to which the state should engage with the market and in its regulation. We will also look at how effective government attempts at redistribution are and how these themes play out in our globalised world.

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.

Contemporary Challenges in Microeconomics 15

Applying knowledge, skills and understanding developed in previous study modules, this advanced module will consider the wider aspects of contemporary microeconomic challenges.   The modules will cover growth, scarcity, change, stability, social choice and long term impacts in the context of the economic challenges described by the Economic World Forum. Students’ work will be based on real world economic and financial data, and case studies. At the end of the module, students will be able evaluate critically the microeconomic challenges in the context of global social responsibility; and explain the impact of microeconomic challenges at UK National, European Regional and Global levels.

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.

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.

Optional Credits

Optional Modules

Business Ethics 15 Credits
Managing Change 15 Credits
Volunteering for Economists 15 Credits
Sustainable Strategy in Practice 30 Credits
Extended Independent Study

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.

Course Tuition Fees 

UK/EU/Channel Islands and Isle of Man

If you are a UK or EU student starting your degree in September 2018, 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.

2018 Entry Full-time £9,250 p/a

Total Cost: £37,000 (4 years) | £37,700 (sandwich option)

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 £6,938

International Students

2018 Entry Full-time £12,950** p/a
Total Cost: £51,800** (4 years) 

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 £107.92 and a 15 credit module is £1,620. Fees for students from Vestfold University College in Norway (who receive a 10% reduction) and NLA are £11,655.

 

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 Text

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

Students may be required to pay for the costs of dissertation printing and binding. Cost: £10

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
LL10
Duration
3 years full-time; 4 years full-time (sandwich); 6 years part-time
Typical offer
104-120 points
Location
King Alfred Campus or at West Downs, Winchester