Accounting and Finance: International Business
In this module you will develop an understanding of the formal economic, political and legal institutions, as well as cultural, religious, and linguistic differences that must be taken into account when conducting business across borders. You will look at how the global context in which companies operate has evolved over time, considering the role of foreign direct investment and internationalisation strategies. You will examine the motivations for entering a foreign market, the factors determining whether a company enters on their own or in partnership, the risks of entry and how they are analysed, and how companies negotiate with governments.
Accounting and Finance: Markets and Consumption
In this module you will develop an understanding of how marketing can be seen as both an academic discipline and as a business practice. You will look at the role of the consumer as a stakeholder in an organisation, examining how they make consumption decisions. You will assess marketing as a business practice, considering how it has penetrated all sectors of the economy (private, public, and not-for-profit). In addition, you will learn about the sustainability of marketing practices in an increasingly globalised consumer society.
Accounting and Finance: Accounting
In this module you will develop an understanding of the basic concepts of accounting, examining its role in organisations and society. You will consider the basic components of financial statements, including income statement, balance sheets, and cash flow statements, and the procedures and techniques for the preparation of these. You will also look at the principles of financial decision making and how to analyse accounting information.
Accounting and Finance: Organisation Studies
In this module you will develop an understanding of organisation as a process and the organisation as an entity. You will look at key managerial activities, examining classical ideas about organisation with the context of nationalisation and humanisation. You will see how these ideas reappear, albeit in a modified form, in contemporary organisations, looking at organisational forms and modern management techniques such as culture management, emotional labour, and charismatic leadership. You will also consider Max Weber’s distinction of formal and substantive rationality and Anthony Giddens’ formulation of the duality of action and structure.
Economics: Principles of Economics
You will gain an understanding of the basic theories of microeconomics (the behaviour of individuals and firms) and macroeconomics (the behaviour of the economy as a whole and relations). In macroeconomics you will learn about circular flow; the goods market; money, bonds, income, and interest; fiscal policy; monetary policy; aggregate demand and supply; the Phillips curve; and long term growth. Discussions will take place on the current financial / debt crisis and the inflation-unemployment trade-off. In microeconomics you will learn about supply and demand; elasticity; theories of the consumer and the firm; and market structures.
Economics: Quantitative Methods of Economics 1
In this module you will become familiar with the basic mathematical, quantitative, computing and statistical tools for the study of Economics.
This module covers microeconomic analysis and policy. You will be introduced to analytical tools for studying the behaviour of individuals and firms across a range of economic settings. Topics include optimisation of consumer and firm problems; strategic interactions between firms in different non-competitive environments; choice under uncertainty; intertemporal decisions; and general equilibrium theory. For each topic, real world applications will show how models are used to examine complex issues, make predictions and prescribe policy. You will also study the features of economies that give rise to desirable market outcomes under different welfare criteria in conjunction with situations that result in market failures.
This module covers macroeconomic theory and policy. You will develop an understanding of macroeconomics at the intermediate level, considering the determinants of aggregate variables such as unemployment, investment, consumption, interest rates, inflation, exchange rates and the balance of trade (net exports). Topics include the goods and financial markets and the Hicks-Hansen (IS-LM) model in the short run; aggregate supply, the labour market and the Aggregate Demand – Aggregate Supply (AD-AS) model in the medium run; the Phillips curve, disinflation and Okun’s law; Economic growth and the Solow model; consumption and investment theory and the role of expectations in the IS-LM model; open economy, exchange rate regimes and Mundell-Fleming model; hyperinflation, financial crises and the euro zone; and fiscal policy, monetary policy, and the practice of policy making.
Economics: Financial Economics
This module is designed to provide an insight into the nature of financial markets and how they are used by investors and corporations. You will develop an understanding of equity markets, bonds and derivatives, and acquire a number of skills to be applied to the analysis of problems in financial economics.
Accounting and Finance: Strategic Management Accounting
In this module you will develop an understanding of financial management control strategy within a systems context. You will look at the dependencies and relationships that impact on a business model, analysing the revenue and internal operating architecture. You will consider the role of management accounting in a changing environment, and capitalisation issues including leasing and off-balance-sheet financing. You will examine the impact of mergers and acquisitions on businesses, and see how strategic control tools and techniques are used, such as responsibility accounting and transfer pricing. You will also analyse the relationship between product markets, internal organisation cost structures and capital market expectations, and how they impact on strategy.
Accounting and Finance: Strategic Finance
In this module you will develop an understanding of financial links to strategy, in particular the enabling characteristics, and limitations of finance in strategic decision making. You will look at the workings of international capital markets, with emphasis on the pricing of bonds and equities, becoming familiar with concepts such as net present value, risk and return, options, and mergers and acquisition. You will also consider issues that shape strategic business decision-making, exploring the current business context within which finance operates and the factors that can promote or frustrate strategic outcomes.
In addition to these mandatory course units there are a number of optional course units available during your degree studies. The following is a selection of optional course units that are likely to be available. Please note that although the College will keep changes to a minimum, new units may be offered or existing units may be withdrawn, for example, in response to a change in staff. Applicants will be informed if any significant changes need to be made.
Only core modules are taken
Accounting and Finance: Strategic Management
In this module you will develop an understanding of the theories of strategic management. You will consider these theories in the context of contemporary business operations, including the political and regulatory frameworks, in response to technological change, financialisation, the development of new business models, and changes in the way corporate performance is assessed. You will look at key concepts and debates in the theory of corporate and business strategy, and examine the changing context in which corporate strategy is formulated and implemented.
Accounting and Finance: Managerial Accounting
In this module you will develop an understanding of the technical and non-technical aspects of management accounting. You will look at traditional costing methods and techniques, such as contribution volume profit analysis (CVP), budgeting, responsibility accounting, transfer pricing, and decision-making, alongside more innovative management tools, including activity based costing (ABC), activity based management (ABM), and the balanced scorecard. You will examine the issues underlying pricing and product offering and consider the importance of quality and cost control as strategic objectives for improving organisational performance.
Accounting and Finance: Financial Management
In this module you will develop an understanding of fundamental concepts in finance, with an emphasis on corporate financial management. You will look at financial markets and institutions and how these impact a company’s financial strategy, and examine the techniques of capital budgeting, such as net present values and internal rate of return, including inflation and tax treatment. You will also consider sources of finance to a firm, management of risk, portfolio theory, and corporate valuation.
Accounting and Finance: Employability
In this module you will develop an awareness of the challenges associated with gaining employment in the contemporary workplace. You will learn about work experience, internships, and part-time employment opportunities, and receive guidance on how to complete applications, become familiar with what to expect from an assessment centre, and develop your interview technique. You will participate in a range of activities including business games, quizzes, coaching exercises, and hear from industry speakers offering insights into what it’s like to work in a particular sector or company.
Accounting and Finance: International Financial Accounting
Accounting and Finance: Accounting for Corporate Accountability
Accounting and Finance: Environmental and Ethical Economics
Accounting and Finance: Accounting for Sustainability
Accounting and Finance: Corporate Governance
Economics: Industrial Economics
Economics: Understanding Financial Crises
Economics: Environmental Economics
Economics: Economics of Warfare
Economics: Experimental Economics
Economics: Monetary Economics
Economics: Game Theory
Economics: Financial Econometrics
Economics: Labour Economics
Economics: Philosophy of Economics
Economics: Public Economics
Economics: Topics in Economic History
Economics: Topics in Development Economics
Economics: Advanced Topics in Game Theory
Economics: Economics of Inequality
Home and EU students tuition fee per year 2017/18*: £9,250
International students tuition fee per year 2017/18**: £15,600
Other essential costs***: There are no single associated costs greater than £50 per item on this course
How do I pay for it? Find out more.
*Tuition fees for UK and EU nationals starting a degree in the academic year 2017/18 will be £9,250 for that year. This amount is subject to the UK Parliament approving a change to fee and loan regulations that has been proposed by the UK Government. In the future, should the proposed changes to fee and loan regulations allow it, Royal Holloway reserves the right to increase tuition fees for UK and EU nationals annually. If relevant UK legislation continues to permit it, Royal Holloway will maintain parity between the tuition fees charged to UK and EU students for the duration of their degree studies.
**Royal Holloway reserves the right to increase tuition fees for international fee paying students annually. Tuition fees are unlikely to rise more than 5 per cent each year. For further information on tuition fees please see Royal Holloway’s Terms & Conditions.
***These estimated costs relate to studying this particular degree programme at Royal Holloway. Costs, such as accommodation, food, books and other learning materials and printing etc., have not been included.