(MSc) Master of Science
Economics of Business and Management
Current
University of Essex
University of Essex
Economics
Colchester Campus
Masters
Full-time
MSC L1N212
24/11/2023
Details
Professional accreditation
None
Admission criteria
A 2.2 Degree in any discipline with some evidence of quantitative ability.
IELTS (International English Language Testing System) code
IELTS overall score of 6.0, with a minimum score of 5.5 in all components
Course qualifiers
A course qualifier is a bracketed addition to your course title to denote a specialisation or pathway that you have achieved via the completion of specific modules during your course. The
specific module requirements for each qualifier title are noted below. Eligibility for any selected qualifier will be determined by the department and confirmed by the final year Board of
Examiners. If the required modules are not successfully completed, your course title will remain as described above without any bracketed addition. Selection of a course qualifier is
optional and student can register preferences or opt-out via Online Module Enrolment (eNROL).
None
Rules of assessment
Rules of assessment are the rules, principles and frameworks which the University uses to calculate your course progression and final results.
Additional notes
None
External examiners
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.
Programme aims
The MSc Economics of Business and Management is designed for students who may or may not have previous exposure to economics, but who would prefer a less theoretical curriculum with real-world applications to business and management. As such, it provides ideal training for those seeking a career in a wide variety of industries. The course will provide theoretical, technical, and communication skills in economics. The course will also equip students with transferable skills such as the ability to develop and present an argument, and the ability to work independently and in groups.
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 core principles of economics used in contemporary economics
A2: Knowledge of core methods of analysis in economics, including theoretical frameworks and use of quantitative data.
A3: Understanding of the relationships between principles and real world applications of those principles, particularly in regard to business and management
Learning methods
Outcomes A1-A3 are acquired through lectures, classes, and related coursework. The development of the capstone project in consultation with a supervisor provides an additional opportunity for the acquisition of outcomes.
Lectures are used to present material (e.g., ideas, data, and arguments) in a clear and structured manner. This clarity and structure will help ensure that the course is inclusive to all students regardless of learning style and needs. Lectures are also used to stimulate students' interest in learning. Classes provide an opportunity for students to develop their knowledge and understanding of the content of the modules. Preparation for assignments and for examinations further aids students in developing this knowledge and understanding.
Students are expected to extend and enhance the knowledge and understanding they acquire from lectures and classes by regularly consulting library materials relating to the course. Library resources are especially designed to be accessible to all students regardless of background and learning needs.
Assessment methods
Outcomes A1-A3 are assessed throughout the modules comprising the degree by means of written examinations and coursework.
The capstone project, which can take a variety of forms, provides a further opportunity to assess outcomes A1-A3.
The usual range of approaches will be taken to ensure that assessment is inclusive, including allowing for extra exam time where necessary and taking extenuating circumstances into account.
B: Intellectual and cognitive skills
B1: Logically assess particular economic problems and choose appropriate methods for their solution among basic tools of analysis.
B2: Exercise critical judgement in assessing different and competing theories and methods and appraising their merits
B3: Formulate a coherent argument
B4: Construct reasoned, informed, and concise descriptions and assessments of ideas
Learning methods
Skills B1-B4 are acquired and enhanced primarily through the work that students do for their modules, although lectures provide a means for teachers to demonstrate these skills through examples and applications.
Student preparation involves the reading, interpretation, and evaluation of the relevant material including the relevant literature.
Teachers provide feedback on student work through comment and discussion.
In addition, teachers engage students outside the classroom through office hours, appointments, and email.
Inclusivity is ensured in the following ways: lecturers and other teachers are informed at the start of the term about students with special needs; student voice groups allow representatives to discuss issues surrounding learning for minorities.
Assessment methods
Skills B1-B4 are assessed throughout the modules comprising the degree by means of written examinations and coursework.
The capstone project, which can take a variety of forms, provides a further opportunity to assess skills B1-B4.
The usual range of approaches will be taken to ensure that assessment is inclusive, including allowing for extra exam time where necessary and taking extenuating circumstances into account.
C: Practical skills
C1: Identify, select, and gather information using relevant sources, including the library and online searches
C2: Organise ideas in a systematic way.
C3: Present and critically assess ideas and arguments coherently in writing
C4: Use and apply the right terminology and concepts
C5: Learn use of appropriate software for quantitatively assessing the efficacy of economic policies
C6: Plan and undertake an independent though supervised piece of extended economic analysis
Learning methods
Skills C1-C5 are acquired and enhanced primarily through the work that students do for their modules.
Lectures also provide a means for teachers to demonstrate these skills through examples and applications.
Skill C6 is acquired through the work that students do for their capstone project. The capstone project also provides an opportunity to develop C5 further.
Assessment methods
Skills C1-C5 are assessed throughout the modules comprising the degree by means of written examinations and coursework, including the capstone project.
Skills C1 and C2 are also informally assessed by student's preparation for each module.
Skill C6 is particularly assessed through the capstone project.
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, (d) quantitative assessment of policies.
D2: Production of word-processed coursework. Development of web-skills through online research.
D3: Use of mathematical techniques to manipulate economic models
D4: Application of logical reasoning to address issues in economics, with a focus on business and management
D5: Class material can involve group work in particular subjects
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
Learning methods
Students are guided in acquiring skills D1-D6 through lectures, classes, and individual advice from teachers.
These skills are further developed as students pursue the learning activities associated with their modules and in the capstone project.
Students also have the opportunity to develop skills in working in groups through their participation in classes for modules.
Assessment methods
Skills D1-D6 are assessed throughout the modules comprising the degree by means of examinations and coursework, including the capstone project.