also available in 2017
A Level Requirements
see all requirements
see all requirements
Full time 4 Year(s)
Our Business Economics degree will provide you with a strong foundation in economic theories and principles with a particular focus on examining their relevance to business and management. The built-in work placement will also give you very valuable first-hand experience in the work place. This course has greater flexibility to combine Economics with one or more subjects chosen from the Management School (eg Accounting, Finance, or Marketing) or the Law School.
In your first year, you’ll study Principles of Economics and choose two first-year subjects from the courses offered by the Law School and the Management School.
You’ll spend your second year following modules including Managerial Economics, Business and International Macroeconomics, Applied Economics and Economic Policy. You will complete a paid industry placement during your third year and return to Lancaster for your fourth year.
In your fourth year you have the opportunity to specialise further on specific Economic fields such as Industrial Organisation and International Business, alongside further optional topics in Management, Finance or Law and write a dissertation based on your industry placement.
A Level AAB
GCSE Mathematics grade B, English Language grade B/C
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
Access to HE Diploma in a relevant subject with 30 Level 3 credits at Distinction and 15 Level 3 credits at Merit
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 email@example.com
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.
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 integrates economic theory, mathematical and statistical methods and data interpretation to analyse economic issues of importance to businesses. It aims to show that microeconomics are applied to a huge range of business and organisational issues, some of which are not, at first sight, strictly economic ones. The module has a practical focus on economics of business strategy. Topics covered include company diversification, vertical integration, market structures, gaining and sustaining a competitive advantage, team production and costs and benefits of performance-related pay.
In the assessment, students have an opportunity to undertake a business case study expressed through the production of a DVD.
Business activities are affected by national economic policies through their influence on inflation, interest rates, exchange rates and aggregate demand. This module examines the main channels of influence from the international business perspective as well as studying macroeconomics, with particular emphasis on the international financial sector and the effects of monetary and fiscal policy. It seeks to explain the implications of macroeconomic policy changes for the international business environment.
The objective is therefore to develop your understanding of the workings of macroeconomic policy and familiarise you with interpreting macroeconomic and monetary data, and you are encouraged to use your knowledge of macroeconomic theory to gain a better understanding of current macroeconomic events and issues.
Various topics of interest to prospective managers are covered within this module, including production and demand, competition and strategic behaviour, advertising and distribution, capital budgeting and inventories, the foreign exchange market, the economics of the multinational enterprise and the politics of corporate economics. The module provides knowledge of aspects of microeconomics relevant to general management, and also emphasises techniques and tools of analysis alongside relevant theory.
The module is designed to as an introduction to aspects of the firm and its environment which are of particular relevance to management. The topics selected aim to bridge the gap between the traditional approach to managerial economics and the more modern study of the organisation.
The course will introduce students to theoretical and model based analytical methods. It will equip them with relevant statistical and mathematical techniques. It will also introduce them to statistical data and their manipulation and give them the skills to present data using verbal, graphical, mathematical and statistical concepts.
This course provides students with general knowledge and understanding concerning social research and particular methods and methodologies that lay within the positivist, interpretivist and critical paradigms. The course is aimed at students from across the management school disciplines that are undertaking a year long industrial placement and producing a dissertation upon return to study in their final year. There is also a range of supplementary information regarding the support available once on placement and a link to the sister module OWT.250b.
This module focuses on the role of governments within the economy, looking at the extent to which they can intervene in markets and in other areas such as climate change. It builds your skills in evaluating the effectiveness of economic policies, and provides insights into the difficulties of decision-making in collective-choice environments.
Over the course of this module, you will enhance your knowledge and understanding of how to specify economic problems in the confines of a game-theoretic model and to solve those problems using appropriate mathematical techniques. The module aims to build your capacity for logical and structured problem analysis.
In your first year you'll apply for placements in business or industry, and will take a module to prepare you for the placement year. The whole of your third year will then be spent working in a paid placement, supported by the Careers team. Near the end of the placement, you'll submit a proposal for your dissertation topic, inspired by your experiences during the placement year, which you'll complete in fourth year under the supervision of an academic tutor.
This module equips students with experience of working within a business environment. You are expected to acquire not only knowledge of business problems and practices, but also experience of interpersonal relationships within a business context. The dissertation is undertaken during the work placement year.
This module develops your understanding of the application of macroeconomic theory and quantitative methods to the analysis of international economics and the economic history of the UK, and the pound sterling in particular. It also helps you to understand the role of international economics and finance in the world economy.
The module integrates intermediate macroeconomic theory, statistical methods, the interpretation of data, and empirical results. Analysis is applied to macroeconomic issues important to businesses and policymakers – including exchange rate regimes, international parity conditions, business cycles, and monetary unions.
This module develops your understanding of advanced material in the field of economic growth as well as the problems of economic development. There is particular reference to the application of theoretical material to the development experience and policy-making in developing and emerging economies.
This applied module is designed as an introduction to the economics of health and health care, and helps to develop your awareness of the main policy issues in this field. It provides a comprehensive set of economic tools for critically appraising fundamental issues in the economics of health while offering a broad overview of the UK National Health Service and other health care systems around the world. The emphasis is on the use and interpretation of microeconomic models and the latest empirical evidence.
This module focuses on firm behaviour and competition, using theoretical (especially game theoretic) and empirical models. It also explores the relationship between industry structure and firm conduct, together with aspects of firm behaviour such as advertising, R&D and mergers.
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.
Focusing on the microeconomics of labour and personnel, this module covers topics such as the economics of migration, wage determination, job search and labour market discrimination.
There is a particular emphasis on principal agent problems in human resources and the design of incentives within firms.
Economics theory is used to analyse the operation of labour markers and assess the empirical evidence. Areas covered include:
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.
Our degrees are designed to prepare you for a career in industry, business, finance, consultancy or government. Recent Economics graduates have joined banks and financial consultancies such as HSBC and Deloitte, while others have been employed on graduate schemes with major companies, including BAE and the Swire Group.
Many of our Economics students have gained places on postgraduate courses at top institutions and then pursued specialised careers as economists – for example, at the Bank of England, the Institute for Fiscal Studies, and in academia. Our Business Economics graduates have found employment in the corporate and service sectors, including banking, finance, accountancy and advertising. Recent Business Economics graduates have continued on to professional training as financial advisers, traders and underwriters.
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.
We set our fees on an annual basis and the 2018/19 entry fees have not yet been set.
As a guide, our fees in 2017 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:
Lancaster University's priority is to support every student to make the most of their life and education and we have committed £3.7m in scholarships and bursaries. Our financial support depends on your circumstances and how well you do in your A levels (or equivalent academic qualifications) before starting study with us.
Scholarships recognising academic talent:
Continuation of the Access Scholarship is subject to satisfactory academic progression.
Students may be eligible for both the Academic and Access Scholarship if they meet the requirements for both.
Bursaries for life, living and learning:
Students from the UK eligible for a bursary package will also be awarded our Academic Scholarship and/or Access Scholarship if they meet the criteria detailed above.
Any financial support that you receive from Lancaster University will be in addition to government support that might be available to you (eg fee loans) and will not affect your entitlement to these.
For full details of the University's financial support packages including eligibility criteria, please visit our fees and funding page
Please note that this information relates to the funding arrangements for 2017, which may change for 2018.
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.
BA Business Economics/Placement, 2016
Over the year I became more and more valued, as I enjoyed the placement year it confirmed that I want to enter a similar sector for a graduate job.
BA Business Economics (Industry), 2014
One of the major advantages of being part of the Management School is that it is much like a small community where, if one is proactive, the opportunities to get involved are endless.