Programme Specification for the 2020/1 academic year

BSc (Hons) Economics and Finance with Industrial Experience

1. Programme Details

Programme name	BSc (Hons) Economics and Finance with Industrial Experience	Programme code	UFS4SBESBE06
Study mode(s)	Full Time	Academic year	2020/1
Campus(es)	Streatham (Exeter)	NQF Level of the Final Award	6 (Honours)

2. Description of the Programme

BSc Economics and Finance explores modern economics and its application to financial systems and organisations. It introduces advanced financial techniques such as derivatives pricing, risk management and portfolio management. This programme will also develop your ability to critically analyse economic events and their impact on financial markets. The programme will enable you to can become involved with FEELE, our research centre for experimental economics, which involves participating in practical experiments that test theories of financial behaviour.

Our graduates find employment with financial institutions such as banks, insurance companies, pension funds, investment and unit trusts, as well as stock-broking and financial advisory work. This programme aims to provide a theoretical background of relevance if you wish to follow a career in finance. The programme is also an excellent foundation for postgraduate study in finance and economics.

3. Educational Aims of the Programme

To provide a high quality education, informed by recent research and contemporary events.
To give students competence in the understanding of economic and financial institutions.
To equip them with the knowledge of economic and financial principles.
To encourage them to develop their intellectual capabilities within an institution that is committed to the advancement of research, scholarship and learning and to the dissemination of knowledge.
To provide them with a conceptual framework which can be employed by them to make and analyse economic and financial decisions.
To provide training in subject-specific skills to prepare students for further study or to directly enter the labour market.
To provide this education in a supportive environment where students are encouraged to develop confidence in their own powers of analysis and decision making.

4. Programme Structure

Your Economics and Finance with Industrial Experience programme is a four year programme of study at National Qualification Framework (NQF) level 6 (as confirmed against the FHEQ). This programme is divided into four ‘Stages’. Each Stage is normally equivalent to an academic year. The programme is also divided into units of study called ‘modules’ which are assigned a number of ‘credits’. The credit rating of a module is proportional to the total workload, with 1 credit being nominally equivalent to 10 hours of work.

5. Programme Modules

The following tables describe the programme and constituent modules. Constituent modules may be updated, deleted or replaced as a consequence of the annual programme review of this programme.

Details of the modules currently offered may be obtained from the College web site

http://business-school.exeter.ac.uk/programmes/undergraduate/economics/ba_ef/

You may take Option Modules as long as any necessary prerequisites have been satisfied, where the timetable allows and if you have not already taken the module in question or an equivalent module. Descriptions of the individual modules are given in full on the College web site (http://business-school.exeter.ac.uk/programmes/undergraduate/modules/ ).

You may take Elective Modules up to 30 credits outside of the programme in the final stage of the programme, 15 in the first stage, as long as any necessary prerequisites have been satisfied, where the timetable allows and if you have not already taken the module in question or an equivalent module.

The fourth character of any module code signifies its NQF level, according to the following scheme:

Fourth Character	NQF level
1	4
2	5
3	6
M	7

At the point of application or shortly after enrolling students may select a four-year version of this programme. We offer “with Year Abroad”, or “with Industrial Experience” variants. In these cases Stage 3 becomes Stage 4, and Stage 3 is replaced with 120 credits of alternative work and assessment.

Students take modules BSD1002 in their first year and BSD2002 in their second year as preparation for their year in industry. Students will then be enrolled on the module BUS3002 during their placement year. To progress from Stage 1 on this programme, students must achieve a weighted average of 50% in their first year. This programme has compulsory preparation sessions in the first two years.

Stage 1

Stage 1 consists of 90 credits of compulsory modules and 30 credits of optional modules.

Compulsory Modules

Code	Module	Credits	Non-condonable?
BEE1036	Economics I	15	Yes
BEE1037	Economics II	15	Yes
BEE1022	Introduction to Statistics	15	No
BEE1006	Introduction to Finance	15	No
BEE1023	Introduction to Econometrics	15	No
BEE1024	Mathematics for Economists	15	No
BSD1002	Introduction to 'With Industrial Experience'	0	No

Stage 2

Stage 2 consists of 105 credits of compulsory modules and 15 credits of optional modules.

Compulsory Modules

Code	Module	Credits	Non-condonable?
BEE2025	Microeconomics II	30	Yes
BEE2026	Macroeconomics II	30	Yes
BEE2031	Econometrics	15	No
BEE2027	Financial Markets and Decisions I	15	No
BEE2037	Money and Banking	15	No
BSD2002	Career Management Skills for 'with Industrial Experience' Students	0	No

Stage 3

Compulsory Modules

Code	Module	Credits	Non-condonable?
BUS3002	Business School Industrial Experience	120	Yes

Stage 4

Stage 4 consists of 30 credits of compulsory modules and 90 credits of optional modules.

Compulsory Modules

Code	Module	Credits	Non-condonable?
BEE3059	Asset Pricing	15	No
BEE3034	Financial Markets and Decisions 2	15	No

6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods

Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to:	Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):	...and evidenced by the following assessment methods:
1. demonstrate a knowledge of the basic principles of economics, at both the microeconomic and macroeconomic level. 2. express an appreciation of how these concepts can be used to understand the economic dimension of issues that arise at the level of the individual, the organisation or society as a whole. 3. outline basic statistical and econometric techniques. 4. use these techniques to investigate particular economic hypotheses. 5. demonstrate a detailed knowledge and understanding of economic and financial institutions. 6. define economic and financial principles.	1) Core modules in microeconomics and macro economics BEE1036, BEE1037, BEE2025, and BEE2026 meet these objectives. 2) A number of elective modules in the third year build on the tools and concepts studied in the core modules and apply these to various issues at the level of the individual, the organisation, and the society. Electives include, for example, modules in public economics, labour economics, political economy, industrial organisation, growth and development, and international trade. (3) and (4) will be covered by core modules in statistics and econometrics, such as BEE1022 and BEE2031. The theory covered in these modules will be used for various case studies in the elective modules. 5) and 6) BEE1006, BEE2027, BEE2037, BEE3059 and BEE3034 are the specialist modules which will cover (5) and (6). These modules are compulsory for students taking a degree in Economics and Finance and cover a number of overlapping issues in the fields of economics and finance. The relation between the two fields and their inter-linkages are covered. Economic models developed using tools taught in the core economic modules are used to study many financial issues.	These ILOs will be accessed via a number of different assessment methods, such as solving several problem sheets and writing essays during the term as various concepts are taught, comprehensive final examinations at the end of each term, dissertation projects for applied economics.

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:

Intended Learning Outcomes (ILOs) will be...

...accommodated and facilitated by the following learning and teaching activities (in/out of class):

...and evidenced by the following assessment methods:

1. demonstrate a knowledge of the basic principles of economics, at both the microeconomic and macroeconomic level.
2. express an appreciation of how these concepts can be used to understand the economic dimension of issues that arise at the level of the individual, the organisation or society as a whole.
3. outline basic statistical and econometric techniques.
4. use these techniques to investigate particular economic hypotheses.
5. demonstrate a detailed knowledge and understanding of economic and financial institutions.
6. define economic and financial principles.

1) Core modules in microeconomics and macro economics BEE1036, BEE1037, BEE2025, and BEE2026 meet these objectives.

2) A number of elective modules in the third year build on the tools and concepts studied in the core modules and apply these to various issues at the level of the individual, the organisation, and the society. Electives include, for example, modules in public economics, labour economics, political economy, industrial organisation, growth and development, and international trade.

(3) and (4) will be covered by core modules in statistics and econometrics, such as BEE1022 and BEE2031. The theory covered in these modules will be used for various case studies in the elective modules.

5) and 6) BEE1006, BEE2027, BEE2037, BEE3059 and BEE3034 are the specialist modules which will cover (5) and (6). These modules are compulsory for students taking a degree in Economics and Finance and cover a number of overlapping issues in the fields of economics and finance. The relation between the two fields and their inter-linkages are covered. Economic models developed using tools taught in the core economic modules are used to study many financial issues.

These ILOs will be accessed via a number of different assessment methods, such as solving several problem sheets and writing essays during the term as various concepts are taught, comprehensive final examinations at the end of each term, dissertation projects for applied economics.

Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to:	Intended Learning Outcomes (ILOs) will be...
	...accommodated and facilitated by the following learning and teaching activities (in/out of class):	...and evidenced by the following assessment methods:
1. acquire and use data from a range of sources 2. evaluate evidence critically and synthesise a range of information. 3. describe, evaluate and apply a variety of appropriate approaches to, and techniques of, analysing and presenting information.	The modules in this programme will encourage students to employ various university resources such as the resources offered by the library and the internet to explore more about the applications of the concepts covered.	Assignments such as essay writing and dissertation will help students developing their skills for organising and processing information from various sources, thinking creatively, and writing effectively.

Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge

Intended Learning Outcomes (ILOs) On successfully completing this programme you will be able to:	Intended Learning Outcomes (ILOs) will be...
...accommodated and facilitated by the following learning and teaching activities (in/out of class):	...and evidenced by the following assessment methods:
1. A global outlook: Our graduates are engaged and prepared for the demands of global business and society. 2. A critical thinker: Our graduates have a commercial awareness that enables them to critically analyse, conceptualise and evaluate the challenges facing business. 3. A collaborative mind-set: Our graduates are enterprising and motivated individuals who are able to actively collaborate and effectively communicate within a range of diverse settings. 4. An ethical ethos: Our graduates understand the social, financial and environmental factors that can impact on corporate sustainability and are able to make decisions openly and responsibly. 5. Technological and digital literacy: Our graduates are able to use technologies to source, process and communicate information.	1. BEE1036 Economics I and BEE1037 Economics II instructs students in open economy macroeconomics, which explores international economic interdependencies. BEE2026 Macroeconomics II requires Students to gain an understanding of exchange rates, why they change over time, what determines them, how to assess the economic prospects of countries. Any company in a global economy must deal with these issues. 2. BEE1024 Mathematics for Economists introduces students to introduce models which are to be formulated, analysed and then confronted with real-world data. BEE1036 Economics I and BEE1037 Economics II requires students to critically assess different policy proposals for managing the macro economy. BEE1006 Introduction to Finance and Accounting teaches students about the role of the stock markets and the mechanics of investment, principles of investment, and the present value model of investment. BEE2025 Microeconomics II asks solve economic questions, especially those relating to policy issues. Students develop the ability to identify, present and explain standard theoretical economic models and apply them to analyses of economic questions and policy issues. BEE2026 Macroeconomics II askes students to critically assess different policy proposals for managing the macro-economy and present economic arguments for and against key macro-policy issues. BEE2027 Financial Markets and Decisions 1 asks students to apply economic analysis to asset pricing and decision-making under risk and uncertainty. In addition students must critically analyse the arguments made in support of CAPM and The Efficient Markets Hypothesis. BEE2037 Money and Banking requires students to demonstrate analytical skills, specifically their ability to use mathematical models to analyse economic problems 5. BEE1022 Introduction to Statistics asks students to use statistical software to summarise and analyse data. BEE3059 Asset Pricing asks students to use Excel/R to simulate economic models.	2. BEE1024 – Examination (ILOs 1-5) BEE1036 and BEE1037 – Examinations (ILO 3), Virtual Macro economy (ILO 3) BEE1006 – Examinations (ILO 3) BEE2025 – Examinations (ILOs 1 and 2) BEE2026 – MCQ (ILOs 3 and 4), Examination (ILOs 3 and 4) BEE2027 – Examination (ILOs 1 and 2), Mid Term Exam (ILOs 1 and 2) BEE2037 – Examination (ILO 6) and Assignment (ILO 6) 5. BEE1022 –MCQ quizzes (ILO 4), assignment (ILO 4 BEE3059 – Computational assignments (ILOs 7-10)

Intended Learning Outcomes (ILOs)
On successfully completing this programme you will be able to:

Intended Learning Outcomes (ILOs) will be...

...accommodated and facilitated by the following learning and teaching activities (in/out of class):

...and evidenced by the following assessment methods:

1. A global outlook: Our graduates are engaged and prepared for the demands of global business and society.
2. A critical thinker: Our graduates have a commercial awareness that enables them to critically analyse, conceptualise and evaluate the challenges facing business.
3. A collaborative mind-set: Our graduates are enterprising and motivated individuals who are able to actively collaborate and effectively communicate within a range of diverse settings.
4. An ethical ethos: Our graduates understand the social, financial and environmental factors that can impact on corporate sustainability and are able to make decisions openly and responsibly.
5. Technological and digital literacy: Our graduates are able to use technologies to source, process and communicate information.

1. BEE1036 Economics I and BEE1037 Economics II instructs students in open economy macroeconomics, which explores international economic interdependencies.

BEE2026 Macroeconomics II requires Students to gain an understanding of exchange rates, why they change over time, what determines them, how to assess the economic prospects of countries. Any company in a global economy must deal with these issues.

2. BEE1024 Mathematics for Economists introduces students to introduce models which are to be formulated, analysed and then confronted with real-world data.

BEE1036 Economics I and BEE1037 Economics II requires students to critically assess different policy proposals for managing the macro economy.

BEE1006 Introduction to Finance and Accounting teaches students about the role of the stock markets and the mechanics of investment, principles of investment, and the present value model of investment.

BEE2025 Microeconomics II asks solve economic questions, especially those relating to policy issues. Students develop the ability to identify, present and explain standard theoretical economic models and apply them to analyses of economic questions and policy issues.

BEE2026 Macroeconomics II askes students to critically assess different policy proposals for managing the macro-economy and present economic arguments for and against key macro-policy issues.

BEE2027 Financial Markets and Decisions 1 asks students to apply economic analysis to asset pricing and decision-making under risk and uncertainty. In addition students must critically analyse the arguments made in support of CAPM and The Efficient Markets Hypothesis.

BEE2037 Money and Banking requires students to demonstrate analytical skills, specifically their ability to use mathematical models to analyse economic problems

5. BEE1022 Introduction to Statistics asks students to use statistical software to summarise and analyse data.

BEE3059 Asset Pricing asks students to use Excel/R to simulate economic models.

2. BEE1024 – Examination (ILOs 1-5)

BEE1036 and BEE1037 – Examinations (ILO 3), Virtual Macro economy (ILO 3)

BEE1006 – Examinations (ILO 3)

BEE2025 – Examinations (ILOs 1 and 2)

BEE2026 – MCQ (ILOs 3 and 4), Examination (ILOs 3 and 4)

BEE2027 – Examination (ILOs 1 and 2), Mid Term Exam (ILOs 1 and 2)

BEE2037 – Examination (ILO 6) and Assignment (ILO 6)

5. BEE1022 –MCQ quizzes (ILO 4), assignment (ILO 4

BEE3059 – Computational assignments (ILOs 7-10)

7. Programme Regulations

Classification

Full details of assessment regulations for all taught programmes can be found in the TQA Manual, specifically in the Credit and Qualifications Framework, and the Assessment, Progression and Awarding: Taught Programmes Handbook. Additional information, including Generic Marking Criteria, can be found in the Learning and Teaching Support Handbook.

8. College Support for Students and Students' Learning

Personal and Academic tutoring: It is University policy that all Colleges should have in place a system of academic and personal tutors. The role of academic tutors is to support you on individual modules; the role of personal tutors is to provide you with advice and support for the duration of the programme and extends to providing you with details of how to obtain support and guidance on personal difficulties such as accommodation, financial difficulties and sickness. You can also make an appointment to see individual teaching staff.

Student/Staff Liaison Committee enables students & staff to jointly participate in the management and review of the teaching and learning provision.

The Undergraduate Student Handbook can be accessed via ELE at the following address: http://vle.exeter.ac.uk/course/view.php?id=1647

9. University Support for Students and Students' Learning

Please refer to the University Academic Policy and Standards guidelines regarding support for students and students' learning.

10. Admissions Criteria

Undergraduate applicants must satisfy the Undergraduate Admissions Policy of the University of Exeter.

Postgraduate applicants must satisfy the Postgraduate Admissions Policy of the University of Exeter.

Specific requirements required to enrol on this programme are available at the respective Undergraduate or Postgraduate Study Site webpages.

All applications are considered individually on merit. The University is committed to an equal opportunities policy with respect to gender, age, race, sexual orientation and/or disability when dealing with applications. It is also committed to widening access to higher education to students from a diverse range of backgrounds and experience.

Candidates must satisfy the general admissions requirements of the University of Exeter.

International students

International students should check details of our English language requirements and may be interested in our Foundation programmes.

Further information

Please read the important information about our Typical offer.

For full and up-to-date information on applying to Exeter and entry requirements, including requirements for other types of qualification, please see the Applying section.

11. Regulation of Assessment and Academic Standards

Each academic programme in the University is subject to an agreed College assessment and marking strategy, underpinned by institution-wide assessment procedures.

The security of assessment and academic standards is further supported through the appointment of External Examiners for each programme. External Examiners have access to draft papers, course work and examination scripts. They are required to attend the Board of Examiners and to provide an annual report. Annual External Examiner reports are monitored at both College and University level. Their responsibilities are described in the University's code of practice. See the University's TQA Manual for details.

(http://as.exeter.ac.uk/support/admin/staff/qualityassuranceandmonitoring/tqamanual/fullcontents/)

12. Indicators of Quality and Standards

Certain programmes are subject to accreditation and/or review by professional and statutory regulatory bodies (PSRBs).

13. Methods for Evaluating and Improving Quality and Standards

The University and its constituent Colleges draw on a range of data to review the quality of educational provision. The College documents the performance in each of its taught programmes, against a range of criteria on an annual basis through the Annual Programme Monitoring cycle:

Admissions, progression and completion data
In Year Analysis data
Previous monitoring report
Monitoring of core (and optional) modules
External examiner's reports and University and College responses (reported to SSLC)
Any Professional, Statutory and Regulatory Body/accrediting body or other external reports
Consultation with employers and former students
Staff evaluation
Student evaluation
Programme aims

Subject areas are reviewed every four years through a periodic subject review scheme that includes external contributions. (http://admin.exeter.ac.uk/academic/tls/tqa/Part%209/9JREVISEDPSRSCHEME.pdf)

14. Awarding Institution

University of Exeter

15. Lead College / Teaching Institution

University of Exeter Business School (UEBS)

16. Partner College / Institution

Partner College(s)

Not applicable to this programme

Partner Institution

N/A

17. Programme Accredited / Validated by

18. Final Award

BSc (Hons) Economics and Finance with Industrial Experience

19. UCAS Code

LN1H

20. NQF Level of Final Award

6 (Honours)

21. Credit

CATS credits		ECTS credits

22. QAA Subject Benchmarking Group

23. Dates

Origin Date		Date of last revision

Programme Specification for the 2020/1 academic year

BSc (Hons) Economics and Finance with Industrial Experience

1. Programme Details

2. Description of the Programme

3. Educational Aims of the Programme

4. Programme Structure

5. Programme Modules

Stage 1

Compulsory Modules

Stage 2

Compulsory Modules

Stage 3

Compulsory Modules

Stage 4

Compulsory Modules

6. Programme Outcomes Linked to Teaching, Learning and Assessment Methods

Intended Learning Outcomes A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes C: Personal/Transferable/Employment Skills and Knowledge

7. Programme Regulations

8. College Support for Students and Students' Learning

9. University Support for Students and Students' Learning

10. Admissions Criteria

International students

Further information

11. Regulation of Assessment and Academic Standards

12. Indicators of Quality and Standards

13. Methods for Evaluating and Improving Quality and Standards

14. Awarding Institution

15. Lead College / Teaching Institution

16. Partner College / Institution

Partner College(s)

Partner Institution

17. Programme Accredited / Validated by

18. Final Award

19. UCAS Code

20. NQF Level of Final Award

21. Credit

22. QAA Subject Benchmarking Group

23. Dates

Intended Learning Outcomes
A: Specialised Subject Skills and Knowledge

Intended Learning Outcomes
B: Academic Discipline Core Skills and Knowledge

Intended Learning Outcomes
C: Personal/Transferable/Employment Skills and Knowledge