These might include bargaining situations (e.g. So you’ll be in high demand for roles in the public, private and third sectors with competitive salaries and excellent prospects for career progression. If your first language is not English, you should have an IELTS score of 6.0 overall, with a score of 5.5 in each component. Our Business Economics BSc (Hons) focuses on how economics can be applied to business. Before joining the University of Westminster in 2002, Karen was the Chief Economist at the Association of Coffee Producing countries, an inter-governmental organisation that aimed to promote the interests of coffee-producing countries. You must have or be working towards: Career destinations related to your degree include: You'll be assessed through a balanced mix of coursework and exams. When are strategies to soften competition good for consumers, when are they bad? This module introduces key concepts and findings from behavioural economics and investigates how economics can be used to understand the behaviour of consumers, workers and managers. This will normally include issues like network effects, platform competition, differences in vertical integration, vertical restraints in the context of the interplay of digital and “brick-and-mortar” retailing, as well as problems of the exploitation of behavioural consumers. Extended Project Qualification: Applicants with grade A in the EPQ will typically receive an offer one grade lower than the standard A level offer. The chosen topics demonstrate how economic analysis improves our understanding of decision-making and assists in the design of public policy. Support with job applications and interview techniques is also available from the Business School’s in-house Careers Consultant. For more details, visit our Marylebone Campus page. In computer lab sessions, you’ll learn how to use Excel to draw graphs of functions, solve simultaneous equations and optimisation problems. On our degree, you’ll consider the ‘big picture’, examining how individuals, firms and organisations operate and interact within a contemporary global business environment, while gaining a strong understanding of individual and firm behaviour in an uncertain global economy. You’ll then be guided to discover the classical, foundational papers that have addressed these questions, to form your own ideas about these seminal contributions and use the formal theory to tackle further problems. The award is flexible and can be completed in your own time, comprising a set of core and optional extracurricular activities. 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. Recent public debate has questioned who benefits from a market economy, for example highlighting apparently high prices paid by some consumers. Business Economics BSc Honours. Please note that all modules are subject to change. Find out more about our They bring the lessons learned from their most recent research into the classroom, giving you access to critical business thinking and contemporary real life examples and scenarios. Usually, you would take a year out from your course between your second and final year, but it's also possible to do a summer placement. You'll also develop skills of reasoning, argumentation and applying mathematical analysis to solve real world problems. Please click here to see our full list. The Society of Professional Economists, the leading organisation serving professional economists in the UK and Europe, was relaunched here at Westminster Business School in 2018. If you aspire to work in business, understanding the insights that can be gained through economic analysis will give you a significant advantage. Head to the UCAS website where you can apply using: Our application form will ask you for some information about: Want to ask us a question first? You can also gain valuable professional experience by taking a paid placement year and begin to build the networks that will help your career take off. Then follow our vlog where students share their top tips for getting the most out of uni and living in West London. The focus is on the strategic behaviour of firms in real markets that are not perfectly competitive. DDD-DDM in a BTEC Extended Diploma in Business. You will also develop research skills and project appraisal strategies, such as decision trees, which you will apply to a recent UK public policy initiative, such as the Night Tube or Cycle Superhighway (CS3). What behavioural biases do financial market participants exhibit, and how does this affect asset prices? Find out what life at our university is really like by chatting to our academics. You'll acquire specialist knowledge of business economics through core modules in your second and final year, which cover the topics of money and banking, industrial organisation and business history. International Business and Economics BSc 2021. They are for example: This website uses cookies. You also have the opportunity to study a foreign language, including Arabic, Chinese, French, Japanese or Spanish. Within your taught programme you will find the intellectual challenge and personal freedom you need to pursue your own goals and interests. Traditional industrial organization analysis has sometimes struggled to give good explanations for the business practices that are emerging and regulators all over the world are concerned that they are also creating new ways of exploiting consumers and restricting competition. Our recent graduates have secured roles as economists with the Government Economic Service and consultancies such as PwC and KPMG. We also offer a range of Business-related scholarships and bursaries. Understand the economic environment in which businesses operate with this module. Our teaching is heavily informed by research and combines academic rigour with practical relevance. We will provide your teaching and learning resources, and will be responsive to your needs and views. We will also discuss how risk is communicated to shareholders, investors, and company employees. With this module, you have the opportunity to carry out an original piece of research, adding to existing knowledge and demonstrating an ability to select, define and focus on an information systems topic at an appropriate level.