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Financial Economics (Including Year Abroad)

Course overview

(BA) Bachelor of Arts
Financial Economics (Including Year Abroad)
Current
University of Essex
University of Essex
Economics
Colchester Campus
Honours Degree
Full-time
Economics
BA L195
http://www.essex.ac.uk/students/exams-and-coursework/ppg/ug/default.aspx
15/04/2017

A-levels: BBB
GCSE: Mathematics B/5

IB: 30 points, including Standard Level Mathematics or Maths Studies grade 5, if not taken at Higher Level. We are also happy to consider a combination of separate IB Diploma Programmes at both Higher and Standard Level. Please note that Maths in the IB is not required if you have already achieved GCSE Maths at grade B/5 or above or 5 in IB Middle Years Maths.

Exact offer levels will vary depending on the range of subjects being taken at higher and standard level, and the course applied for. Please contact the Undergraduate Admissions Office for more information.

Entry requirements for students studying BTEC qualifications are dependent on units studied. Advice can be provided on an individual basis. The standard required is generally at Distinction level.

English language requirements for applicants whose first language is not English: IELTS 6.0 overall. Different requirements apply for second year entry, and specified component grades are also required for applicants who require a Tier 4 visa to study in the UK.

Other English language qualifications may be acceptable so please contact us for further details. If we accept the English component of an international qualification then it will be included in the information given about the academic levels listed above. Please note that date restrictions may apply to some English language qualifications

If you are an international student requiring a Tier 4 visa to study in the UK please see our immigration webpages for the latest Home Office guidance on English language qualifications.

If you do not meet our IELTS requirements then you may be able to complete a pre-sessional English pathway that enables you to start your course without retaking IELTS.

Additional Notes

If you’re an international student, but do not meet the English language or academic requirements for direct admission to this degree, you could prepare and gain entry through a pathway course. Find out more about opportunities available to you at the University of Essex International College here.

External Examiners

Prof Aditya Goenka
The University of Birmingham
Chair

External Examiners provide an independent overview of our courses, offering their expertise and help towards our continual improvement of course content, teaching, learning, and assessment. External Examiners are normally academics from other higher education institutions, but may be from the industry, business or the profession as appropriate for the course. They comment on how well courses align with national standards, and on how well the teaching, learning and assessment methods allow students to develop and demonstrate the relevant knowledge and skills needed to achieve their awards. External Examiners who are responsible for awards are key members of Boards of Examiners. These boards make decisions about student progression within their course and about whether students can receive their final award.

eNROL, the module enrolment system, is now open until Monday 21 October 2019 8:59AM, for students wishing to make changes to their module options.

Key

Core You must take this module You must pass this module. No failure can be permitted.
Core with Options You can choose which module to study
Compulsory You must take this module There may be limited opportunities to continue on the course/be eligible for the degree if you fail.
Compulsory with Options You can choose which module to study
Optional You can choose which module to study

Year 1 - 2019/20

Component Number Module Code Module Title Status Credits
01 EC111-4-FY Introduction to Economics Core 30
02 EC114-4-FY or MA114-4-AU and MA108-4-SP Core with Options 30
03 EC115-4-FY or MA101-4-FY Core with Options 30
04 Option(s) from list or Outside Option(s) Optional 30
05 EC123-4-FY Career Skills in Economics Compulsory 0

Year 2 - 2020/21

Component Number Module Code Module Title Status Credits
01 EC201-5-FY Macroeconomics (Intermediate) Compulsory 30
02 EC202-5-FY Microeconomics (Intermediate) Compulsory 30
03 EC247-5-AU Financial Instruments and Capital Markets Compulsory 15
04 EC248-5-SP Economics of Corporate Finance Compulsory 15
05 2nd year Economics option(s) from list or outside option(s) Optional 30
06 EC123-5-FY Career Skills in Economics Compulsory 0

Year Abroad/Placement - 2021/22

Component Number Module Code Module Title Status Credits
01 AW600-6-FY Compulsory 60

Exit awards

A module is given one of the following statuses: 'core' – meaning it must be taken and passed; 'compulsory' – meaning it must be taken; or 'optional' – meaning that students can choose the module from a designated list. The rules of assessment may allow for limited condonement of fails in 'compulsory' or 'optional' modules, but 'core' modules cannot be failed. The status of the module may be different in any exit awards which are available for the course. Exam Boards will consider students' eligibility for an exit award if they fail the main award or do not complete their studies.

Programme aims

Its main learning and teaching aims are:

To provide students with an academic training in the principles of economics and financial economics.

To provide students with an awareness of the quantitative methods appropriate for knowledge of economic principles and applied economics.

To foster in students an appreciation of the appropriate level of abstraction and simplification needed to explore a range of economic issues.

To encourage in students the acquisition of autonomous study skills and the adoption of an investigative approach to tackle economic problems.

To develop in students the ability to construct logical arguments, to communicate arguments clearly in writing, and to appreciate, evaluate and respond to potentially conflicting interpretations of economic phenomena.

To provide students with the opportunity to apply their knowledge and skills constructively to financial economics and the associated policies.

To allow students, through the study of economics, to acquire critical, analytical and research skills, problem-solving skills, and transferable skills.

To provide students with a foundation for further studies in economics, financial economics and allied disciplines.

The outcomes detailed in this section represent the minimum that might be expected of a graduate of the Department of Economics at the University of Essex.

The Department anticipates and intends that the vast majority of economics graduates will accomplish significantly more.

Details of the differing standards expected to achieve the various course and degree classifications are available in the Undergraduate Economics Handbook, published annually by the Department of Economics.

BA Financial Economics (International Exchange) is a four-year programme of study.

To enable students to broaden their understanding of economics and financial economics by studying in a partner institution abroad for one academic year.

Learning outcomes and learning, teaching and assessment methods

On successful completion of the programme a graduate should demonstrate knowledge and skills as follows:

A: Knowledge and understanding

A1 Knowledge of the fundamental principles of economics, including microeconomics and macroeconomics.
A2 Understanding of the application of economic reasoning to the study of relevant problems and policies.
A3 Knowledge of the mathematical methods needed to comprehend economic principles.
A4 Awareness of the sources of economic information and/or knowledge and understanding of sources available for historical research.
A5 Knowledge of statistical methods needed for the analysis of economic issues.
A6 Knowledge of the application of economic reasoning to financial instruments and markets.
Learning Methods: Lectures are the principal method of delivery for the principles, concepts and arguments in A1-A6.

Students are also assigned readings from textbooks, academic journal papers, unpublished research papers and on-line resources.

Students’‘ understanding is reinforced by classes, especially for outcomes A1, A2, A3, A5, A6.

Laboratory sessions are provided to support learning of quantitative methods (A5).

Individual supervision of the final year project provides additional support especially for outcomes A4 and A6, and reinforces A2, A3, A5.

Lectures and classes in final year courses are particularly important to enable students to achieve A6.
Assessment Methods: Achievement of knowledge and understanding is assessed through marked assignments (A1, A2), tests (A1, A2, A3, A5), term papers (A1, A2, A4, A6), project work (A1-A6) and unseen closed-book examinations (A1, A2, A3, A5, A6).

Learning outcomes A2, A4 are assessed by tests and unseen closed-book examinations.

Learning outcome A6 is assessed by term papers and unseen closed-book examinations particularly in final year, EC3xx, economics courses.

Learning outcome A4 is assessed especially via term papers (in second year and final year economics courses) and the final year project.

B: Intellectual and cognitive skills

B1 Analyse a specified problem and choose the most suitable methods for its solution.
B2 Assess the relative merits of a range of theories, techniques and tools needed to articulate arguments and policies.
B3 Synthesise and interpret information from a range of sources (lectures, classes, journals, books, etc.) developing a critical evaluation of the importance and relevance of the sources to an area of study.
B4 Construct reasoned, informed and concise descriptions and assessments of economic ideas.
Learning Methods: Students’‘ acquisition of intellectual and cognitive skills, B1-B4, is enabled primarily through lectures and further sustained via classes.

Outcome B1 is developed particularly in exercises designed for core economic theory, mathematical methods and quantitative methods classes.

Outcomes B2, B3 and B4 are key elements in students’‘ preparation for assignments.

Individual project supervision and guidance for term paper study are especially important in providing opportunities for students to acquire B2, B3 and B4.
Assessment Methods: Achievement of intellectual/cognitive skills is assessed through marked assignments (especially B1 and B3), tests (especially B1), term papers (especially B2, B3, B4), project work (especially B2, B3 and B4) and unseen closed-book examinations (especially B1, B2 and B4).

C: Practical skills

C1 Identify, select and gather information, using the relevant sources.
C2 Organise ideas in a systematic way.
C3 Present economic and/or historical ideas and arguments coherently in writing.
C4 Use and apply economic terminology and concepts.
C5 Apply the necessary organisational and cultural skills for living and working abroad.
Learning Methods: Skill C1 is developed via directed reading from textbooks and academic journal articles together with searches for online materials.

Skill C2 is acquired during lectures and classes, and as a consequence of studying course materials.

Skill C3 is articulated in the preparation of assignments and term papers.

Skill C4 is developed in classes and is emphasised in the preparation of assignments, term papers and projects.
Skill C5 is acquired through the guided but relatively independent process of organising and successfully completing a period of living and studying abroad.
Assessment Methods: Achievement of practical skills C1, C3 and C4 is assessed directly through marked assignments, tests, term papers, project work and unseen closed-book examinations.

Skill C2 is assessed indirectly via assignments, term papers, projects and final examinations.
Skill C5 is assessed through the work of the Year Abroad.

D: Key skills

D1 Communication in writing, using appropriate terminology and technical language: (a) the articulation of economic theories, (b) the description of economic evidence, (c) the critical assessment of economic arguments and policies
D3 Understanding of quantitative methods, an awareness of the contexts in which the methods are relevant and a knowledge of how they are applied in practice to analyse economic data.
D4 Understanding of how economic reasoning is used to address problems involving opportunity cost, incentives, households' and firms' decision-making, strategic thinking, expectations and market outcomes in equilibrium and disequilibrium.
D6 Capacity to: (a) organise and implement a plan of independent study; (b) reflect on his or her own learning experience and adapt in response to feedback; and (c) recognise when he or she needs to learn more and appreciate the role of additional research
D7 N/A
Learning Methods: Students are guided in lectures, classes and individual advice from teachers in acquiring skills D1, D3, D4, D6.

Skills D3 and D4 are reinforced through the quantitative methods course, and courses in theoretical and applied economics.

Skill D6 is enhanced as students reflect upon the knowledge they need when researching term papers and their final year projects.

Skills D7 and D8 will be developed in the industrial placement year.

Only minimal formally assessed requirements for the completion of the programme are listed here.

In reality, the overwhelming majority of economics students acquire a much broader range of key skills, and at greater depth, in ways that are integrated seamlessly throughout their studies of the subject.
Assessment Methods: Skills D1 and D4 are assessed through marked assignments, tests, term papers, projects and unseen closed-book examinations.

Skill D3 is assessed particularly through tests and unseen closed-book examinations.

Skill D6 is assessed indirectly through students' capacity to construct submitted work (assignments, term papers and projects for which feedback is given) and their study plans for unseen tests and examinations.


Note

The University makes every effort to ensure that this information on its programme specification is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to courses, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to courses may for example consist of variations to the content and method of delivery of programmes, courses and other services, to discontinue programmes, courses and other services and to merge or combine programmes or courses. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.

Should you have any questions about programme specifications, please contact Course Records, Quality and Academic Development; email: crt@essex.ac.uk.