Programme Specification for the 2020/1 academic year

BSc (Hons) Economics with Econometrics with Industrial Experience

1. Programme Details

Programme name	BSc (Hons) Economics with Econometrics with Industrial Experience	Programme code	UFS4SBESBE13
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

Modern economics covers a wide range of topics from inflation to the control of monopoly power, from the study of developing countries to the finance of multinational companies. Econometrics is the application of statistical concepts and methods to economics. Many topics coming under the general heading of econometrics are covered, including data analysis, estimation, model-fitting and testing of hypotheses, extended with special techniques for dealing with economic data. Econometrics is also relevant to a range of related problems in applied economics, including time series analysis, forecasting and policy simulation.

The BSc Economics with Econometrics degree includes core economics and econometrics modules in each of the stages, providing you with a high level of technical ability that will be useful in your future career in any field.

3. Educational Aims of the Programme

To provide an education intended to give students competence in economics, statistics and econometrics
To provide students with training in the principles of economics, statistics and econometrics
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 a high quality training across a range of areas of economics, statistics and econometrics with options in business and management
To inform the education by research and by national and international developments where appropriate
To provide training in subject-specific skills, preparing students for employment or future study.
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 Econometrics 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 website.

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

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 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.

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

Stage 1

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

Compulsory Modules

Code	Module	Credits	Non-condonable?
BEE1022	Introduction to Statistics	15	Yes
BEE1023	Introduction to Econometrics	15	Yes
BEE1024	Mathematics for Economists	15	Yes
BEE1036	Economics I	15	No
BEE1037	Economics II	15	No
BEE1032	History of Economic Thought	15	No
BSD1002	Introduction to 'With Industrial Experience'	0	No

Optional Modules

30 credits of optional modules.

Stage 2

Stage 2 consists of 90 credits of compulsory modules and 30 credits of optional modules.

Compulsory Modules

Code	Module	Credits	Non-condonable?
BEE2020	Introduction to Econometric Theory	15	Yes
BEE2025	Microeconomics II	30	Yes
BEE2026	Macroeconomics II	30	Yes
BEE2031	Econometrics	15	No
BSD2002	Career Management Skills for 'with Industrial Experience' Students	0	No

Optional Modules

30 credits of optional modules

Stage 3

Stage 3 consists of 1 year spent in work placement

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?
BEE3015	Econometric Analysis	30	No

Optional Modules

90 credits of optional modules

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. Knowledge of the basic principles of economics, at both the microeconomic and macroeconomic level 2. An appreciation of how these concepts can be used to understand the economic dimension of issues that arise at the level of individual, the organisation, or society as a whole 3. Knowledge of basic statistical and econometric techniques 4. Specialist knowledge of econometric techniques and how to use these to investigate particular economic hypotheses	A1 is served by the core modules of both microeconomics (BEE2025) and macroeconomics (BEE1036, BEE1037 and BEE2026). A2 is served by a number of elective modules that build on 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. A3 will be covered by core modules in statistics and econometrics, such as BEE1022 and BEE 2031. The theory covered in these modules will be used for various case studies in the elective modules. A4 is covered by BEE2020 and BEE3015 which are compulsory for students taking a degree in Economics and Econometrics. Teaching activities are as follows: In-class: Lectures, Tutorials, Help Hours, Computer Lab Tutorials Out-of Class: Office Hours, ELE activities, weekly readings, take-home formative assignments, group assignments.	These ILOs will be addressed via a number of different assessment methods, such as projects/exercises (formative and summative), essays (formative and summative), final examinations at the end of each term (summative), dissertation projects for applied economics (summative), in-class discussions (formative)

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. Knowledge of the basic principles of economics, at both the microeconomic and macroeconomic level
2. An appreciation of how these concepts can be used to understand the economic dimension of issues that arise at the level of individual, the organisation, or society as a whole
3. Knowledge of basic statistical and econometric techniques
4. Specialist knowledge of econometric techniques and how to use these to investigate particular economic hypotheses

A1 is served by the core modules of both microeconomics (BEE2025) and macroeconomics (BEE1036, BEE1037 and BEE2026).
A2 is served by a number of elective modules that build on 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.
A3 will be covered by core modules in statistics and econometrics, such as BEE1022 and BEE 2031. The theory covered in these modules will be used for various case studies in the elective modules. A4 is covered by BEE2020 and BEE3015 which are compulsory for students taking a degree in Economics and Econometrics.

Teaching activities are as follows:

In-class: Lectures, Tutorials, Help Hours, Computer Lab Tutorials
Out-of Class: Office Hours, ELE activities, weekly readings, take-home formative assignments, group assignments.

These ILOs will be addressed via a number of different assessment methods, such as projects/exercises (formative and summative), essays (formative and summative), final examinations at the end of each term (summative), dissertation projects for applied economics (summative), in-class discussions (formative)

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:
5. The ability to acquire and use data from a range of sources 6. The ability to evaluate evidence critically and synthesise a range of information 7. The effective use of IT techniques to solve problems	B5 and B6 are addressed through all lectures. B7 is addressed by BEE2031 and BEE3015 Teaching activities are as follows: In-class: Lectures, Tutorials, Help Hours, Computer Lab Tutorials Out-of Class: Office Hours, ELE activities, weekly readings, take-home formative assignments, group assignment	These ILOs will be addressed via a number of different assessment methods, such as projects/exercises (formative and summative), essays (formative and summative), final examinations at the end of each term (summative), dissertation projects for applied economics (summative), in-class discussions (formative).

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:

5. The ability to acquire and use data from a range of sources
6. The ability to evaluate evidence critically and synthesise a range of information
7. The effective use of IT techniques to solve problems

B5 and B6 are addressed through all lectures.
B7 is addressed by BEE2031 and BEE3015

Teaching activities are as follows:

In-class: Lectures, Tutorials, Help Hours, Computer Lab Tutorials
Out-of Class: Office Hours, ELE activities, weekly readings, take-home formative assignments, group assignment

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:
8. A global outlook: Our graduates are engaged and prepared for the demands of global business and society 9. A critical thinker: Our graduates have a commercial awareness that enables them to critically analyse, conceptualise and evaluate the challenges facing business 10. 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 11. 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 12. Technological and digital literacy: Our graduates are able to use technologies to source, process and communicate information	8. BEE1031 Macroeconomics 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. 9. 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. 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. BEE3015 Econometric theory requires students to demonstrate a clear understanding of the mathematical and statistical background of applied economics and demonstrate the ability to critically assess, and carry out, empirical studies in economics. 10. BEE1032 History of Economic Thought asks student to work in groups. 12. BEE1022 Introduction to Statistics asks students to use statistical software such as Excel and Minitab to summarise and analyse data. BEE3015 Econometric theory asks students to use a computer for estimation and simulation exercise.	8. BEE1024 – Examination (ILOs 1-5) BEE1036 – Examinations (ILO 3), Virtual Macro economy (ILO 3) BEE2025 – Examinations (ILOs 1 and 2) BEE2026 – MCQ (ILOs 3 and 4), Examination (ILOs 3 and 4) BEE3015 – Examination (ILOs 3 and 4). Homework assignments (ILOs 3 and 4) 9. BEE1022 –Assignment (ILO 4), Bi-weekly tests (ILO4) BEE3015 – Homework assignments (ILO 5)

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:

8. A global outlook: Our graduates are engaged and prepared for the demands of global business and society
9. A critical thinker: Our graduates have a commercial awareness that enables them to critically analyse, conceptualise and evaluate the challenges facing business
10. 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
11. 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
12. Technological and digital literacy: Our graduates are able to use technologies to source, process and communicate information

8. BEE1031 Macroeconomics 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.

9. 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.

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.

BEE3015 Econometric theory requires students to demonstrate a clear understanding of the mathematical and statistical background of applied economics and demonstrate the ability to critically assess, and carry out, empirical studies in economics.

10. BEE1032 History of Economic Thought asks student to work in groups.

12. BEE1022 Introduction to Statistics asks students to use statistical software such as Excel and Minitab to summarise and analyse data.

BEE3015 Econometric theory asks students to use a computer for estimation and simulation exercise.

8. BEE1024 – Examination (ILOs 1-5)

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

BEE2025 – Examinations (ILOs 1 and 2)

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

BEE3015 – Examination (ILOs 3 and 4). Homework assignments (ILOs 3 and 4)

9. BEE1022 –Assignment (ILO 4), Bi-weekly tests (ILO4)

BEE3015 – Homework assignments (ILO 5)

7. Programme Regulations

UG Programmes: Assessment at stage one does not contribute to the summative classification of the award. The
award will normally be based on the degree mark formed from the credit weighted average marks for stages 2 and 3
combined in the ratio 1:2 respectively. For the four-year WYA/WIE variants, it is stages 2, 3, and 4, with the ratio of
4:2:8.

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.

Standard entry) 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

Not applicable to this programme.

17. Programme Accredited / Validated by

18. Final Award

BSc (Hons) Economics with Econometrics with Industrial Experience

19. UCAS Code

L190

20. NQF Level of Final Award

6 (Honours)

21. Credit

CATS credits	480	ECTS credits	240

22. QAA Subject Benchmarking Group

Level 1

23. Dates

Origin Date		Date of last revision	16/09/2019

Programme Specification for the 2020/1 academic year

BSc (Hons) Economics with Econometrics 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

Optional Modules

Stage 2

Compulsory Modules

Optional Modules

Stage 3

Compulsory Modules

Stage 4

Compulsory Modules

Optional 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

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