also available in 2018
A Level Requirements
see all requirements
see all requirements
Full time 4 Year(s)
Studying our combined degree of Accounting and Economics (Industry) gives you the opportunity to learn in two of the country’s leading departments.
You’ll gain an understanding of Economics while taking an Accountancy course that is accredited by all the major British accountancy bodies and provides exemptions from some core professional examinations.
You’ll study the core elements of Economics as well as the key areas in Accounting and Finance, such as analysis and the preparation of information for reporting requirements. You will begin your degree with modules including an Introduction to Accounting and Finance, and the Principles of Economics. In your second year you will study subjects such as the Principles of Financial Accounting; Accounting Information Systems, and Auditing and the Principles of Finance.
You will then spend your third year undertaking an industrial placement before returning to Lancaster for your fourth year where you will chose from modules such as Corporate Finance, Bond Markets and Investments.
In addition to the technical training needed for a career in accountancy and finance you will confront a range of broader issues and problems. Examples include the crisis in banking, failures in corporate governance, fairness in organisations, CEO salaries and incentives in organisations.
A Level AAB
GCSE Mathematics grade B or 6, English Language grade B or 6
IELTS 6.5 overall with at least 5.5 in each component. For other English language qualifications we accept, please see our English language requirements webpages.
International Baccalaureate 35 points overall with 16 points from the best 3 Higher Level subjects
BTEC Distinction, Distinction, Distinction
We welcome applications from students with a range of alternative UK and international qualifications, including combinations of qualification. Further guidance on admission to the University, including other qualifications that we accept, frequently asked questions and information on applying, can be found on our general admissions webpages.
Contact Admissions Team + 44 (0) 1524 592028 or via firstname.lastname@example.org
Many of Lancaster's degree programmes are flexible, offering students the opportunity to cover a wide selection of subject areas to complement their main specialism. You will be able to study a range of modules, some examples of which are listed below.
This course provides a comprehensive introduction to the basic concepts and techniques of Accounting and Finance, which include financial accounting, managerial finance, and financial statement analysis.
An important element of this course is that it provides exposure to the business and financial environment within which the discipline of Accounting and Finance operates, using real-world financial data for actual companies.
The course covers concepts, techniques and interpretive skills that relate to the external financial reporting of companies and their relationship to the stock market, and to the use of accounting information for internal management purposes.
Your preparation your placement year starts with this module which is delivered by the LUMS Careers Team and invited employers. This module will support you in creating suitable CVs, covering letters, application forms and completing psychometric tests. At the end of the module you will have the opportunity to attend a formal assessment centre and an interview with some of the top graduate recruitment teams in the UK.
Providing a thorough introduction to the discipline of Economics, this module is divided into two parts. The first part covers microeconomic analysis, including the theory of demand, costs and pricing under various forms of industrial organisation, and welfare economics. Many applications of theoretical models are examined. The second part focuses on macroeconomic analysis, including national income analysis, monetary theory, business cycles, inflation, unemployment, and the great macroeconomic debates.
This module will provide you with the opportunity to undertake a personal skills audit as part of the CV assignment. It will enable you to identify your current skills level and begin to collect evidence of skills acquisition. It will cover a detailed analysis of the individual in terms of personality, skills, goals, interests and career ideas, and self-development. It would include organisation recruitment processes, including consideration of what organisations are looking for, the nature of ‘transferable skills’ and how these can be developed, and how organisations can select and train people.
This module integrates elementary economic theory, mathematical and statistical methods and the interpretation of data in order to analyse economic issues of current policy importance. You will therefore be introduced to the basic tools of mathematics essential for a proper understanding of economics and business. Teaching on quantitative methods is combined with numerous practical applications to economics, enabling you to practise applying your analytical and quantitative skills to the topics developed and analysed in depth over the course of the module.
This module provides an overview of the design and main features of accounting information systems (AIS). It introduces methods used by business to meet the financial information needs of external parties and management and includes systems used for collecting, recording and storing transactions data, internal controls and effective design of AIS. It also provides an introduction to auditing, including the regulatory framework, audit planning, systems auditing and substantive testing.
This module is designed to extend the knowledge of macroeconomics principles you acquired in Year 1.
classical and Keynesian views
the role of money
real balance and wealth effects
government budgetary constraints
monetary policy in the UK
models of exchange rate determination
Although the main focus of the module is on macroeconomic theory, this is taught within the context of current events in the international macroeconomic environment. You are encouraged to use your knowledge of macroeconomic theory to gain a better understanding of current macroeconomic events and issues.
This module explores the decision-making of economic agents (consumers and firms), and also examines how different market mechanisms operate to allocate resources. The topics it covers include utility maximisation, profit maximisation, cost minimisation, and introduction to market structures.
The module requires algebra, elementary calculus, logical thinking and problem solving ability, and is normally taken in conjunction with Intermediate Microeconomics II (ECON221).
This module provides an introduction to the theoretical concepts and applications of econometrics.
Econometric techniques taught include bivariate regression, multiple regression and two stage least squares. The importance and relevance of statistical and diagnostic testing is emphasised in the context of econometrics applications. You will also learn how to use the statistical package SPSS, understanding of which is an integral part of the module.
This module brings together economic theory and mathematical methods as a basis for constructing and using mathematical models to analyse economic problems.
The module covers matrix algebra, constrained optimisation, comparative statics and integral calculus. Knowledge of these methods will give you a broader understanding of intermediate and advanced microeconomics and macroeconomics.
This module examines the main features of financial reporting by UK companies as well as the regulatory requirements and conceptual bases associated with these, with attention given to the UK Companies Acts and international accounting standards. Time will also be devoted to inflation accounting, group accounts, and problem areas and to specific reporting topics of current interest and concern.
The dissertation is an extended academic piece of work which aims to allow students to explore an issue which may arise on their plcement or which they may have become interested in as a result of their academic studies at Lancaster. The specification is deliberately flexible to allow for the varying placement experiences and resulting dissertation ideas which might arise.
This module deals with accounting for complex entities, addressing concepts, issues and techniques.
It examines accounting for business combinations, goodwill and strategic investments, and other aspects of consolidation, foreign currency translation, segmental reporting, and accounting for financial instruments, all within the context of modern accounting theory.
This module develops your ability to critically evaluate advanced financial accounting issues, placing this within the international accounting context. It focuses on International Financial Reporting Standards (IFRS), with appropriate and relevant comparisons to US GAAP.
Other topics covered include the accounting treatments of taxation, leases, pensions, provisions and contingent liabilities. The module also looks at empirical research on issues of relevance to accounting practitioners and accounting regulators.
This module equips you with the tools needed to conduct applied econometrics. It emphasises an analytical and intuitive understanding of the classical linear regression model, and also covers newer topics such as:
binary choice models
non-stationary time series
unit root tests and basic cointegration
You will use the Eviews econometrics software.
This module develops your understanding of advanced material in the field of international business. There is particular emphasis on analysing the strategic economic and financial behaviour of multinational firms in the global economy. The module also considers the role and effects of government intervention on firms and multinational firms and how they adapt.
This module develops your understanding of concepts and theories of international trade and factor flows, with particular reference to the way in which such material can inform policy-making.
You will gain knowledge and understanding of international trade theory, and learn to apply this theory to the analysis of present-day policy issues in international economics.
This module examines the essential characteristics of a money economy, and the topics covered include:
Interest rate determination
Monetary and labour market disequilibria
The national debt and monetary disequilibrium (fiscal monetarism)
Monetary and international payments disequilibria
Rational expectations (RE) solutions and applications to stabilisation policy
Market efficiency and the application of RE to bubbles and to exchange rates
The central bank and inflation bias
Lancaster University offers a range of programmes, some of which follow a structured study programme, and others which offer the chance for you to devise a more flexible programme. We divide academic study into two sections - Part 1 (Year 1) and Part 2 (Year 2, 3 and sometimes 4). For most programmes Part 1 requires you to study 120 credits spread over at least three modules which, depending upon your programme, will be drawn from one, two or three different academic subjects. A higher degree of specialisation then develops in subsequent years. For more information about our teaching methods at Lancaster visit our Teaching and Learning section.
Information contained on the website with respect to modules is correct at the time of publication, but changes may be necessary, for example as a result of student feedback, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes, and new research.
Your degree in Accounting and Economics will equip you with the skills required to move directly into a career in accountancy and many Lancaster graduates have taken up training contracts with major accounting firms. The degree will also develop your interdisciplinary knowledge and understanding which will prepare you equally well for a variety of careers in business. The wide range of analytical skills and organisational expertise gained throughout this degree has helped previous graduates find roles in organisations such as the Bank of England, the Civil Service, management consultancies and major national and international companies.
Lancaster University is dedicated to ensuring you not only gain a highly reputable degree, but that you also graduate with relevant life and work based skills. We are unique in that every student is eligible to participate in The Lancaster Award which offers you the opportunity to complete key activities such as work experience, employability/career development, campus community and social development. Visit our Employability section for full details.
Lancaster Management School has an award winning careers team to provide a dedicated careers and placement service offering a range of innovative services for management school students. Our high reputation means we attract a wide range of leading global employers to campus offering you the opportunity to interact with graduate recruiters from day 1 of your degree.
We set our fees on an annual basis and the 2019/20 entry fees have not yet been set.
As a guide, our fees in 2018 were:
Some science and medicine courses have higher fees for students from
the Channel Islands and the Isle of Man. You can find more details here:
For full details of the University's financial support packages including eligibility criteria, please visit our fees and funding page
Students may incur travel costs dependant on their placement location.
Students also need to consider further costs which may include books, stationery, printing, photocopying, binding and general subsistence on trips and visits. Following graduation it may be necessary to take out subscriptions to professional bodies and to buy business attire for job interviews.
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Typical time in lectures, seminars and similar per week during term time
Average assessment by coursework