BA (Hons) Economics for Business with Foundation Year
Why choose this course?
Interested in studying Economics but don’t have the formal qualifications to join our honours degree right now? If you choose to start at Foundation Year stage, you can still achieve the full BA (Hons) Economics for Business and gain an excellent head start towards your career as an economist.
- Complete your honours degree in four years by beginning at foundation level
- Develop all the professional attributes expected of an economist in business or organisational consultancy
- Gain vital hands-on experience in our brand new Bloomberg Financial Markets Lab
- Apply latest economic theories to businesses, markets, industries and countries using up-to-the-minute data and information services
- Work on consultancy projects where you can solve real problems for real businesses
- Take an optional placement year or summer internship to raise your professional profile
- Learn from inspirational experts at the forefront of the profession
- Build a broad portfolio of business, research and analytical skills to enhance your career prospects
- Gain the ideal platform to join graduate management and financial training schemes or to progress to postgraduate studies
UCAS code: L347
Start date: September
Course length: Full-time: four years or five with an optional placement year
Campus: Kedleston Road site, Derby Campus
College: College of Business, Law and Social Sciences
This course is available to international students
About this course
If you have the potential and ambition – but lack the formal entry requirements – to study an Economics degree at Derby, this course is your ideal starting point.
Fulfil your ambitions with a Foundation Year
We have designed the Foundation Year route specially for students with the ability to study Economics, but who don’t have the qualifications to embark on our honours degree directly.
By starting with the Foundation Year, you’ll gain an invaluable introduction to economicsand business, building your skills, knowledge and confidence so that you can complete the full BA (Hons) Economics for Business in four years.
From day one, you’ll enjoy all the benefits of being a University of Derby student and you won’t need to apply again to complete your full BA (Hons) degree. Once you pass the Foundation Year, you will be able to progress directly to stage one of the degree.
Specialise in applied economics
The BA (Hons) Economics for Business will set you apart from graduates of more traditional economics degrees. The focus is on giving you a solid grounding in economic theory but then using that theory to address real-world business challenges.
You’ll be equipped to handle economic data, undertake research and analysis, and reach the high standards of professional practice you will need as an applied economist. Our aim is to develop you as a forward-thinking economist with the skills, vision and analytical thinking to shape any organisation’s success.
Your learning experience will be dynamic and stimulating, full of practical scenarios in which to hone your skills. You could find yourself creating an investment portfolio, taking part in business panel debates and broadcast interviews, presenting your economic analysis at conferences, or creating videos to bring your research findings to life.
Because our emphasis is on economics for business, you will engage with employers throughout your studies. The Applied Economics Project gives you the chance to draw on the full toolkit which a professional economist uses by solving a real problem for a real business.
We also encourage and support you to take an optional year-long work placement or summer internship to deepen your insights into how effective economic analysis can improve organisational practice.
Facilities at the cutting edge
Our exciting new Bloomberg Financial Markets Lab is the ideal setting for you to gain hands-on experience, working with the same information and technology used by financial professionals all over the world.
You will gain vital insights into trading floor activities and financial market analysis, harnessing software used in financial markets worldwide and dealing with up-to-the-minute data. It will give you a whole new perspective on what it is like to work in this fast-paced arena.
We are one of only a few universities to have invested in such exceptional learning facilities in partnership with Bloomberg, the global business and financial information leader. It puts a wealth of data at your fingertips, including company and director profiles plus analysis of current affairs from Bloomberg Intelligence.
You will receive training from Bloomberg specialists, have access to their helpdesk and can even work towards the Bloomberg Market Concepts Certificate alongside your degree to boost your professional profile.
An additional award for your CV
We offer you an exciting opportunity to gain an additional award to showcase your versatility and professionalism to potential employers. The Futures Award has been developed specifically for our Economics students and gives recognition to any extra-curricular activities you undertake to improve your employability and career development, build your experience of networking and advance your leadership and consultancy skills.
Your work towards the Futures Award could entail attending workshops on CV design and improvement; developing techniques for interviews, assessment centres or psychometric tests; taking part in networking events; or leading a small project within a student society or voluntary role.
Raise your professional profile
As part of your studies, you could showcase your know-how and challenge yourself through prestigious competitions. In December 2016, our students scooped two major awards in the University Trading Challenge, pitting their wits against fellow undergraduates and postgraduate students from leading institutions countrywide.
The competition comprised a simulated trading market which tested the students’ abilities to strategise, analyse and present their ideas to a panel of traders and bankers in the City of London. This was the fourth year running that our University teams returned from this event with coveted awards.
Be inspired by influential experts
Our industry experienced and research active teaching team will support and motivate you to achieve at a high level. They are undertaking influential research on some of the most pressing economic issues facing society, from behavioural economics to public policy, the green economy to the economics of innovation and technological change. They publish widely, including one of the main economics textbooks used in universities.
The team’s extensive links with the business community – as well as experts at the forefront of the profession – enhance the practical focus and currency of the degree.
There are numerous opportunities for you to meet and interact with businesses and industry experts. You’ll hear about latest developments in the City from high-profile figures such as our visiting professor, Lloyds Chief Economist Trevor Williams. Our students have also attended major events addressed by the likes of Dr Ben Broadbent, Deputy Governor - Monetary Policy for the Bank of England or have become active members of our Business and Entrepreneurial Society and our Network of Entrepreneurs.
What you will cover
To complete the BA (Hons) Economics for Business with Foundation Year, you'll study the following modules:
- Study Skills
If you don’t have either English or Maths GCSE, you will need to substitute one or two of these modules for modules in English and/or Maths.
- Markets, Prices and Strategy
- Introductory Mathematics for Economics
- Academic Skills for Accounting and Economics
- Market Failure Analysis
- Introduction to Macroeconomic Concepts and Data
- Finance and Business Performance
- Applied Intermediate Macroeconomics
- Data Analysis
- Industrial Economics
- Public and Third Sector Economics
- Current Debates in Applied Economic Theory
You’ll also choose one of the following options:
- Marketing Communication
You can choose to take an optional placement year between stages two and three.
- International Business Economics
- Economics of Sustainable Business Growth
- Applied Economics Project
You will also choose two from the following options:
- Financial Risk Management
- Marketing Across Cultures
- International Purchasing and Supply Chain Management
- Investing and Financial Markets
- International Banking
The way UCAS Tariffs are calculated is changing in 2017. The entry requirement below reflects this change. Read more about these changes.
September 2017 typical entry requirements UCAS points 72 (up to 16 from AS-levels) Specific requirements at A-level N/A Specific requirements at GCSE N/A Interview / Audition N/A Portfolio N/A
Use our UniPoints app as a guide to calculate your UCAS Tariff points, search for courses and check entry requirements for 2017 and beyond.
Our entry requirements for this course should be read together with the University's general entry requirements, which details subjects we accept, alternative qualifications and what we're looking for at Derby.
- How to apply
Fees and finance
Full-time Part-time UK/EU
£9,250 per year
£11,750 per year
Fees for 2018/19 entry are still being decided, so please check back later in the year for more information.
How you will learn
How you will learn
Real world learning is at the heart of this programme. The focus is on solving genuine business and organisational problems.
We use a compelling combination of interactive lectures, expert speakers, problem-solving seminars, group work, group discussion, workshops, case study analysis, computer lab work and practical analysis. Throughout your studies, you will also engage with businesses and external experts to discuss various economic issues and concepts.
At the start of the course you will benefit from substantial direction from our teaching team. As your studies progress, you are expected to work more independently, taking greater responsibility for your own learning – but always with the support and advice of your tutors.
How you are assessed
You will be assessed in a number of ways, from computer-based assessment and business reports to applied economics projects which showcase your analytical and quantitative skills. You are expected to develop professional analysis experience through data retrieval and quantitative analytics using Bloomberg and appropriate computer-based analysis harnessing Excel and SPSS.
Your research and consultancy skills are assessed via a mixture of poster presentation and reports, including the Applied Economics Project where you could have the opportunity to undertake a live project involving a business.
Who you'll meet
At Derby you’ll discover a friendly and supportive learning community, with small classes where you will receive plenty of one-to-one advice.
You will be taught by an enthusiastic team who are experienced in all aspects of economics and whose research will enrich your learning. They are supported by industry experts, including our Visiting Professor of Banking, Professor Trevor Williams who is Chief Economist at Lloyds Bank PLC.
The teaching team includes:
Programme Leader for the BA (Hons) Economics for Business, Nicola is also Head of the Economics and Finance Division at Derby Business School. An applied economist researching on public policy issues, she has particular interests in areas such as the impact of business networks at micro and macro levels and the development of industrial, enterprise and economic policies. She is currently leading a research project which involves an economic impact study of the Buxton Festival. Nicola is dedicated to providing a learning environment where students can develop academically and personally, with a strong emphasis on teaching economics in an applied manner.
As well as teaching on this course, Melanie leads our MSc International Business and Finance and our MSc International Business and HRM. She is widely published and the joint author of a leading Economics textbook, published by Pearson Education and used extensively in universities. Her research focuses on applied economics, behavioural economics and financial market behaviour. As a teacher, she is committed to giving students a new way of looking at the world which nurtures their confidence, decision-making skills and a lifelong fascination with economics. She is the co-author of the University’s monthly Economic Bulletin.
Eugene leads our suite of International Business programmes at both undergraduate and postgraduate levels. His focus is on encouraging students to apply economic reasoning and critical thinking. His academic interests are centred on behavioural economics and their implications for personal financial wellbeing (particularly pensions) and the application of behavioural insights to macroeconomic and business policymaking. He is the co-author of the University’s monthly Economic Bulletin.
Senior Lecturer inEconomics and Finance, Weiwei teaches various modules on the course. Her research interests lie in areas such as banking efficiency, market competition, corporate governance and corporate social responsibility. Her teaching philosophy is to inspire students to move from passive to active learning.
Senior Lecturer in Economics and Business, Daphne has research interests which span applied economics, public economics, corruption, business performance, management practices and e-government. She gained valuable consulting and research experience at the World Bank and the European Bank for Reconstruction and Development.
Lecturer in Economics, Sayantan conducts research into areas such as international trade, economic development and public policy. He has published on various aspects of trade, economic growth and public expenditure in India.
Like most universities, we operate extended teaching hours at the University of Derby, so contact time with your lecturers and tutors could be anytime between 9am and 9pm. Your timetable will be communicated after enrolment on your course.
Careers and employability
An Economics degree adds real kudos to your CV. If you’re aiming for one of the UK’s highest paying graduate jobs, Economics is among the top ten subjects to take. (The Independent, September 2015). It could be your stepping stone to a lucrative graduate training scheme or a well rewarded financial consultancy role.
Our focus on problem-solving and practical economic analysis extends your career scope further still, opening doors to a much broader range of opportunities than with a more traditional economics degree.
Economics graduates with knowledge of business and leadership – who can shape policy and drive change – are in great demand today. Your skills will be valued across the public, private and voluntary sectors anywhere in the world. Alongside roles in international business, consultancy and finance, you could pursue opportunities in government departments, development agencies, charities and not-for-profit organisations.
While the majority of graduates enter business and finance professions, others follow careers in areas such as HR, marketing, PR and sales.
To enhance your future prospects and potential, our course features specialist career sessions for economists. These help you to build an impressive CV and social profile to assist in applications for placements, internships and jobs.
Many Economics graduates also decide to take their studies to the next level. You can consider progressing to any of the exciting masters programmes offered by Derby Management School – such as the MSc International Business and Finance, MBA Global Finance, MSc International Business, MSc International Business and HRM or MSc International Business and Marketing – and get a 10% alumni discount on your fees.