Business Economics (Industry)

BSc Hons

  • UCAS Code 4V11
  • Entry Year 2023 or 2022
  • A Level Requirements AAB
  • Duration Full time 4 Years

Overview

Top reasons to study with us

  • 11

    11th for Graduate Prospects for Economics

    The Times and Sunday Times Good University Guide (2022)

  • 15

    15th for Economics

    The Times and Sunday Times Good University Guide (2022)

  • Lancaster University is among the best in the UK - appearing in the Top 20 for all major national league tables.

Introduction

Should a company open a new store? Who gains from interest rate changes? What are the implications of performance-related pay? How to measure the impact of climate change, and what should we do about it?

The BSc Business Economics provides you with the analytic skills and intellectual toolbox to help answer these pressing questions and many more and the possibility of directly applying them through a paid placement in industry.

Programme overview

BSc Business Economics (Industry) begins by introducing the foundational principles of Economic Theory. The BSc then focuses on Economic methods with specific application to business. You will be exposed to subjects of study such as Marketing, Accounting and Finance by choosing modules from within the Management school.

You will cover the fundamentals of Economic theory and practice, and as your degree progresses and you discover more about both the subject and about yourself, you have the opportunity to flex this programme in ways that speak to your changing interests and strengths. This might lead you to choose modules in:

  • International Business
  • International Trade
  • Industrial Organization
  • Health Economics

Amongst many other specialisations. This leads to a degree unique to you, where you have played a major part in building the degree you want.

Your third year is spent in industry. You’ll be supported in securing a placement, with past students joining companies such as IBM, Lloyds Bank, Microsoft, PwC and the Bank of England. Roles on offer range from project management and logistics to investment, business development and risk. Most placements are in the UK but there are some options overseas.

Key Facts

Your economics module choice can also be combined with other modules across the management school in subjects such as

  • Accounting
  • Finance
  • Marketing
  • Entrepreneurship, Strategy & Innovation
  • Leadership & Management

such that you can complement your economics pathway in its own unique way.

You do not need an A level in Economics or an A level in Mathematics to enrol in BSc in Business Economics.

Throughout your degree, we’ll supply training in CV writing, interview assessment centres and telephone interviews. We are proud of our aspiring economists and aim to nurture the potential in every one of them.

Programme outcomes

BSc Business Economics (Industry) offers a grounding in the fundamentals of Economics. The most powerful aspect of Economics is that it teaches a way of thinking which can then be applied to a specific field. If you want to be a government economist advising on tax or social/welfare costs, you need specific knowledge and skills. The same is true for a career in finance. You need specific finance models – how much to invest here, or advise clients to invest there. But the mode of thinking is the same for both: it is the critical, disciplined way of thinking that you will get from an Economics degree at Lancaster University. Economics opens up the world because the critical and analytical thinking skills that it inculcates are applicable to whatever your passion, be they Politics, Finance, the trading floor, or working for an NGO, all use the same skills.

Careers

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.

Entry Requirements

Grade Requirements

A Level AAB

GCSE Mathematics grade B or 6, English Language grade C or 4

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.

Other Qualifications

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 ugadmissions@lancaster.ac.uk

Course Structure

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 to complement your main specialism. 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 please visit our Teaching and Learning section.

The following courses do not offer modules outside of the subject area due to the structured nature of the programmes: Architecture, Law, Physics, Engineering, Medicine, Sports and Exercise Science, Biochemistry, Biology, Biomedicine and Biomedical Science.

Information contained on the website with respect to modules is correct at the time of publication, and the University will make every reasonable effort to offer modules as advertised. In some cases changes may be necessary and may result in some combinations being unavailable, for example as a result of student feedback, timetabling, Professional Statutory and Regulatory Bodies' (PSRB) requirements, staff changes and new research.

Core

Optional

Core

Core

Core

Optional

Fees and Funding

We set our fees on an annual basis and the 2023/24 entry fees have not yet been set.

As a guide, our fees in 2022/23 were:

UK International
£9,250 £21,460

Scholarships and bursaries

At Lancaster, we believe that funding concerns should not stop any student with the talent to thrive.

We offer a range of scholarships and bursaries to help cover the cost of tuition fees and/or living expenses.

Student Insights

In her blog, Chelsey Duchausse talks about her love of Economics, and how the course expanded her knowledge, whilst allowing her to choose modules that peaked her interests. "I really enjoyed the mix of modules. A degree like Business Economics has equipped me with a strong theoretical basis for everyday situations."

Read Blog

Alumni Profiles

Link: click to see Aaron Stanyard
portrait photograph of Aaron Stanyard

Aaron Stanyard

BA Business Economics, 2020

The flexibility and variety amongst the modules enabled me to discover the areas in my degree subject that I found most interesting.
Link: click to see Matthew Heywood
portrait photograph of Matthew Heywood

Matthew Heywood

BSc Business Economics (Industry), 2017

My level of responsibility far exceeded what I initially expected.

A tour of the Campus

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Important information

The information on this site relates primarily to 2023/2024 entry to the University and every effort has been taken to ensure the information is correct at the time of publication.

The University will use all reasonable effort to deliver the courses as described, but the University reserves the right to make changes to advertised courses. In exceptional circumstances that are beyond the University’s reasonable control (Force Majeure Events), we may need to amend the programmes and provision advertised. In this event, the University will take reasonable steps to minimise the disruption to your studies. If a course is withdrawn or if there are any fundamental changes to your course, we will give you reasonable notice and you will be entitled to request that you are considered for an alternative course or withdraw your application. You are advised to revisit our website for up-to-date course information before you submit your application.

More information on limits to the University’s liability can be found in our legal information.

Our Students’ Charter

We believe in the importance of a strong and productive partnership between our students and staff. In order to ensure your time at Lancaster is a positive experience we have worked with the Students’ Union to articulate this relationship and the standards to which the University and its students aspire. View our Charter and other policies.