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Study information

Programme Specification for the 2023/4 academic year

BSc (Hons) Economics and Finance with Year Abroad

1. Programme Details

Programme nameBSc (Hons) Economics and Finance with Year Abroad Programme codeUFS4SBESBE33
Study mode(s)Full Time
Academic year2023/4
Campus(es)Streatham (Exeter)
NQF Level of the Final Award6 (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

1. To provide a high quality education, informed by recent research and contemporary events
2. To give students competence in the understanding of economic and financial institutions.
3. To equip them with the knowledge of economic and financial principles.
4. 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.
5. To provide them with a conceptual framework which can be employed by them to make and analyse economic and financial decisions.
6. To provide training in subject-specific skills to prepare students for further study or to directly enter the labour market.
7. To provide this education in a supportive environment where students are encouraged to develop confidence in their own powers of analysis and decision making
8. To provide students with the opportunity to learn and work in a foreign country; and to enhance their appreciation of a different social, educational and professional culture from their own.

4. Programme Structure

Your Economics and Finance with Year Abroad 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

 

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 the modules BUS1908 and BSD2005 in their first and second year as preparation for their year abroad. Students will then be enrolled on the module BUS3000 for their year abroad. This module brings together credits taken at a partner institution and/or the results from the work abroad placement assignment.  

 

To be permitted to undertake study at a European partner institution, students are expected to have a credit weighted average of 50% in Year 1 and must have completed BUS1908 in Year 1 and BSD2005 in Year 2 as preparation for a year abroad. To be permitted to undertake study at an International (non-European) partner institution, students are expected to have a credit weighted average of 60% in Year 1 and must have completed BUS1908 in Year 1 and BSD2005 in Year 2 as preparation for a year abroad. To be permitted to undertake a work placement, students are expected to have a credit weighted average in Year 1 of 50% (for European placements) or 60% (for International work placements) and must have completed BUS1908 in Year 1 and BSD2005 in Year 2 as preparation for a year abroad.

 

Note: Students will not be penalised if they do not attend BUS1908 in Year 1.

Stage 1


Compulsory Modules

CodeModule Credits Non-condonable?
BEE1036 Economics I 15Yes
BEE1037 Economics II 15Yes
BEE1022 Introduction to Statistics 15Yes
BEE1006 Introduction to Finance 15Yes
BEE1023 Introduction to Econometrics 15Yes
BEE1024 Mathematics for Economists 15Yes
BUS1908 Preparation for WYA With Year Abroad 0No

Optional Modules

30 credits of optional modules

Stage 2


Compulsory Modules

CodeModule Credits Non-condonable?
BEE2025 Microeconomics II 30Yes
BEE2026 Macroeconomics II 30Yes
BEE2031 Econometrics 15No
BEE2027 Financial Markets and Decisions I 15Yes
BEE2037 Money and Banking 15No
BSD2005 Preparation for 'with Year Abroad' 0No

Optional Modules

15 credits of optional modules

Stage 3


Compulsory Modules

CodeModule Credits Non-condonable?
BUS3000A Year Abroad (Study and Work Placement) or120Yes
BUS3000B Year Abroad (Study) or120Yes
BUS3000C Year Abroad (Work Placement) 120Yes

Stage 4


Compulsory Modules

CodeModule Credits Non-condonable?
BEE3034 Financial Markets and Decisions 2 15No
BEE3034 Financial Markets and Decisions 2 15No

Optional Modules

105 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. a 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 the individual, the organisation or society as a whole.
3. a knowledge of basic statistical and econometric techniques.
4. an ability to use these techniques to investigate particular economic hypotheses.
5. a detailed knowledge and understanding of economic and financial institutions.
6. knowledge of 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) & (4) 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.

(5) & (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:

7. the ability to acquire and use data from a range of sources
8. the ability to evaluate evidence critically and synthesise a range of information.
9. the ability to 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:

10. CONFIDENT COMMUNICATOR: Able to adapt and adjust both written and verbal communication styles, to meet the needs of diverse audiences.
11. INNOVATIVE PROBLEM-SOLVER: Able to confidently explore challenges from different perspectives, to creatively offer practical and timely solutions.
12. PROACTIVE COLLABORATOR: Able to actively build strong working relationships with others to have positive outcomes. DIGITALLY FLUENT: Able to embrace a variety of digital technologies to critically source, process and communicate information.
13. RESILIENT SELF-ADVOCATE: Able to develop self-awareness through a commitment to learning from experiences and taking responsibility for personal growth.
14. CRITICAL THINKER: Able to proactively analyse and evaluate information from a variety of sources to draw independent and well-founded conclusions.
15. GLOBALLY ENGAGED: Able to recognise diverse individual and cultural perspectives, in order to communicate on interconnected world issues and sustainable decisions

 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.

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

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

    

The ILOs in this section are met through a combination of assessment methods including examinations, coursework assignments, presentations, group work activity, and in class tests.

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

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.

9. University Support for Students and Students' Learning

10. Admissions Criteria

11. Regulation of Assessment and Academic Standards

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

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

0

18. Final Award

BSc (Hons) Economics and Finance with Year Abroad

19. UCAS Code

Not applicable to this programme.

20. NQF Level of Final Award

6 (Honours)

21. Credit

CATS credits

480

ECTS credits

240

22. QAA Subject Benchmarking Group

[Honours] Economics

23. Dates

Origin Date

01/12/2011

Date of last revision

11/02/2021