Programme Specification for the 2024/5 academic year

BSc (Hons) Economics with Econometrics with Year Abroad

1. Programme Details

Programme name	BSc (Hons) Economics with Econometrics with Year Abroad	Programme code	UFS4SBESBE32
Study mode(s)	Full Time	Academic year	2024/5
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

1. To provide an education intended to give students competence in economics, statistics and econometrics
2. To provide students with training in the principles of economics, statistics and econometrics
3. 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.
4. To provide a high quality training across a range of areas of economics, statistics and econometrics with options in business and management
5. To inform the education by research and by national and international developments where appropriate
6. To provide training in subject-specific skills, preparing students for employment or future study.
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 Econometrics 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

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	Yes
BEE1037	Economics II	15	Yes
BEE1032	History of Economic Thought	15	No
BUS1908	Preparation for WYA With Year Abroad	0	No

Optional Modules

30 credits of optional modules

Stage 2

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
BSD2005	Preparation for 'with Year Abroad'	0	No

Optional Modules

30 credits of optional modules

Stage 3

Compulsory Modules

Code	Module	Credits	Non-condonable?
BUS3000A	Year Abroad (Study and Work Placement) or	120	Yes
BUS3000B	Year Abroad (Study) or	120	Yes
BUS3000C	Year Abroad (Work Placement)	120	Yes

Stage 4

Compulsory Modules

Code	Module	Credits	Non-condonable?
BEE3015	Econometric Analysis	30	No

Optional Modules

90 credits of optional module

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 BEE2031. 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 BEE2031. 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 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:

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 assignments.

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. CONFIDENT COMMUNICATOR: Able to adapt and adjust both written and verbal communication styles, to meet the needs of diverse audiences. 9. INNOVATIVE PROBLEM-SOLVER: Able to confidently explore challenges from different perspectives, to creatively offer practical and timely solutions 10. PROACTIVE COLLABORATOR: Able to actively build strong working relationships with others to have positive outcomes. 11. DIGITALLY FLUENT: Able to embrace a variety of digital technologies to critically source, process and communicate information. 12. RESILIENT SELF-ADVOCATE: Able to develop self-awareness through a commitment to learning from experiences and taking responsibility for personal growth. 13. CRITICAL THINKER: Able to proactively analyse and evaluate information from a variety of sources to draw independent and well-founded conclusions. 14. GLOBALLY ENGAGED: Able to recognise diverse individual and cultural perspectives, in order to communicate on interconnected world issues and sustainable decisions	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. 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. BEE1032 History of Economic Thought asks student to work in groups. 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.	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.

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

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.

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.

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

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.

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

18. Final Award

BSc (Hons) Economics with Econometrics 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

Programme Specification for the 2024/5 academic year

BSc (Hons) Economics with Econometrics with Year Abroad

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