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Economics and Management BSc

UCAS code LN12
Year of entry 2018
Course length
3 years full time
Department Economics »
Management »

This course is provided jointly by one of the UK's top ten teaching and research centres for Economics and our innovative School of Management.Studying Economics and Management at Royal Holloway means that you will learn from internationally renowned experts who will share their research and experience so that you gain current and relevant skills and knowledge.  This intellectually stimulating and diverse course combines two highly complementary subjects and covers the core programme of the Economics degree with that of the Management degree. Selecting this degree will provide you with the knowledge and skills that will give you excellent career prospects.

Our balanced approach to research and teaching guarantees high quality teaching from subject leaders, cutting edge materials and intellectually challenging debates. You will be supported through your studies by an established network of academic and departmental staff.

You will examine the theories and methods of economics, with a strong focus on analytical methods: develop skills in mathematics and statistics and learn to tackle economic problems: gain an understanding of management from strategy to marketing, and accounting to e-commerce, with an emphasises the case study approach.

  • Excellent position to pursue a wide range of careers, by using different methods to understand similar subjects; economics uses primarily quantitative and formal analysis, while management emphasises the case study approach. 
  • Quality research; both departments are recognised for their high quality research, the Economics Department is in the top 10 for research output and impact and the School of Management publications are judged as 14thout of 101 UK business and management schools (Research Excellence Framework 2014).
  • Inspiring close community; a friendly and relaxing environment where everyday interactions with student and staff from different departments and nationalities are a norm - our 9,500 students come from over 130 countries.

Core modules

Year 1

The core modules in Economics are:

Principles of Economics

In this module you will develop an understanding of the theories of macroeconomics, that of the economy as a whole, and of microeconomics, the behaviour of individuals, firms and governments. You will look at how the goods and assests markets underpin growth, inflation and unemployment, and the role that fiscal and monetary policy play in macroeconomic managemenet. You will examine the theoretical basis to supply and demand and the role of government intervention in individual markets. You will consider how to solve economic problems by manipulating a variety of simple diagrammatic and algebraic models in macro- and microeconomics, critically evaluating the models and their limitations.

Quanitative Methods of Economics

In this module you will develop an understanding of the basic mathematical, quantitative, computing and statistical tools for the study of economics. You will look at techniques such as algebraic manipulation, functions, simultaneous equations, optimisation, descriptive statistics, probability theory and regressions, and learn how to apply these to economic problems.

The core modules in Management are:

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.

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

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

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.

Year 2

The core modules in Economics are:

Microeconomics
Macroeconomics

The core modules in Management are:

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. 

Marketing Strategy in Context

In this module you will develop an understanding of the marketing strategies used by organisations. You will look at the elements of the marketing mix and their critical interrelationships, examining the competitive environment, customer insights, market information systems, business models, enterprise competencies, control, evaluation and innovation. You will also consider the sustainability of marketing practices in an increasingly globalised consumer society.

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.

Human Resource Management

In this module you will develop an understanding of the significance of human resource management in organisations. You will look at the links between product market and human resourcing strategies, the role of human resources planning in workforce management, and polices such as employee participation and involvement, including the role of trade unions in employment relationships. You will examine the regulation of labour markets, employment discrimination and conflict and resistance at work. You will also consider specific human resources practices, such as recruitment and selection, training and development and pay and performance management. 

Year 3

The core modules in Management are:

Integrating Management - Business in Context

In this module you will develop an understanding of the key business and management activities, and the opportunities and challenges that arise from the external business context in the early 21st century. You will look at the business context from the perspective of selected corporate functions, and consider the social, environmental or ethical challenges companies face. You will examine how firms can address such issues and become familiar with appropriate courses of action.

Integrating Management - Leadership and Innovation

In this module you will develop an understanding of the innovation challenges that contemporary organisations face. You will look at innovative solutions to leadership problems, and consider how organisational systems contribute to innovation. You will examine the impact of different leadership styles. the merits of disruptive innovation, and analyse the extent to which excellent innovation and leadership affects organisational sustainability.

Optional modules

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.

Year 1

Only core modules are taken

Year 2

Only core modules are taken

Year 3

Optional modules in Economics include:

Industrial Economics 1
Industrial Economics 2
Financial Economics 1
Financial Economics 2
Econometrics 1
Econometrics 2
Understanding Financial Crises
Environmental Economics
Experimental Economics
Monetary Economics
Topics in Game Theory
Advanced Economic Theory
Financial Econometrics
Labour Economics
Economic Philosophy
Topics in Public Economics
International Economic History
Topics in Developmental Economics
Advanced Topics in Game Theory
Economics of Inequality

Optional modules in Management include:

Consumer Behaviour

In this module you will develop an understanding of the nature of consumer behaviour, its relevance to the marketing environment, and impact on society. You will look at the internal and external factors which underpin consumer behaviour theories, and consider the impact of marketing strategies on these. You will also examine the the nature of consumption, markets, and culture, and evaluate the complexity of consumer behaviour.

Emerging Markets

In this module you will develop an understanding of the emerging markets, commercial realities, and national cultures within the context of the global economy. You will look at the strategic issues and dilemmas that managers face in their efforts to expand into emerging markets, and consider the commercial realities and national cultures of these. You will look at specific cases studies, including the economies of Brazil, Russia, India, China, Turkey and South Africa.

Asia Pacific Business

In this module you will develop an understanding of multinational business in the Asia Pacific, their worldwide operations, and their impact on Europe. You will look at the contemporary economic, political, and cultural contexts of the Asia Pacific nations, and consider the diversity of the business environments and business practices in the region. You will examine the factors that lay behind the rapid growth of the region in the last five decades, and use empirical evidence to analyse the operation, performance and impact of multinational enteprises originating from there.

European Business

In this module you will develop an understanding of how institutions, policies and processes have shaped the European Union and the European business environment. You will look at the key institutions, policies and processes involved in the widening and deepening of the union, and theories which explain its development. You will consider the national, regional and global influences on European business and examine the complex relationships between the EU and its major trading partners. You will also critically evaluate the challenges facing European countries, policymakers and businesses.

The Globalisation of Work

In this module you will develop an understanding of the impact of globalisation on work. You will look at the economic, political and institutional forces that shape the international mobility of work, and examine the complexity of managing people as work becomes increasingly boundaryless. You will consider the implications of a more integrated global labour market on work organisation, employment relations and national labour market institutions, and critically assess the challenges brought by the mobility of capital and the movement of people to the organisation of work in a global context.

Business in International Comparative Perspective

In this module you will develop an understanding of the key determinants of economic performance and the success of individual firms, industries and national economies. You will look at the achievements of the world's advanced economies, considering the character of their institutions and businesses, and examine the historical origins of differences in national institutions and corporate capabilities.

Brands and Branding

In this module you will develop an understanding of the nature of brands, branding, and the nature of the consumer society that we live in. You will look at different theoretical approaches to understanding brands and branding, and examine how branding theories are applied in marketing strategies.

Global Marketing

In this module you will develop an understanding of the scope and nature of marketing planning, practice and theory in a global context. You will look at the evolution of the global market and consider current topical debates surrounding globalisation. You will examine the complexities of marketing operations and strategies in diverse geographical markets and evaluate the suitability of marketing strategies in addressing the contemporary global business environment.

Strategic Management Accounting

In this module you will develop an understanding of financial management control strategy. You will look at the dependencies and relationships between business models and operating architecture, capital structure, and off-balance sheet financing. You will conside the context of managing accounting in a changing environment, an evaluate the impact of mergers and acquisitions on businesses. You will examine strategic control tools and techniques such as responsibility accounting and transfer pricing, and assess the the relationship between product markets, internal organisation cost structures and capital market expectations.

Strategic Finance

In this module you will develop an understanding of the 'time value of money'. You will look at the main principles of finance theory and how these can be applied to commercial problems. You will consider the relationship between risk and return, and examine the valuation of equities, bonds and options and the relative merits of different approaches to choosing and valuing securities. You will evaluate the consequences of a proposed takeover or merger from the perspective of capital markets and assess the relevance of information efficiency.

Advertising and Promotion in Brand Marketing

In thid module you will develop an understanding of contemporary marketing communication management within an international context. You will look at how promotional campaigns are constructed by advertising agencies, and consider the complementarity and inter-dependence of discrete marketing activities within a strategic perspective by creating an outline promotional campaign. You will examine the complexity and salience of ethical issues in marketing and advertising, especially with respect to the wider social influence, and deconstruct promotional communications in terms of their likely intended segmentation and positioning rationale.

Clusters, Small Business and Entrepreneurship

In this module you will develop an understanding of how small companies can become internationally competitive. You will look at the theories of clusters, and apply them to the analysis of small and medium enterprises operating in different contexts. You will consider vertical and horizontal collaborative strategies, and their impact on firms' capabilities, resources, and performance. You will examine the relationships between small companies and multinationals, and the mechanisms through which small companies are linked to the global economy. You will also compare different clusters and assess the competitive advantages and disadvantages they generate for companies.

Social Media, Networks and Business

In this module you will develop an understanding of social networks and social media platforms from multiple perspectives. You will look at the growth of social media and the connectedness of the networked society, considering recent advances in network science, social psychology, and marketing. You will examine the role of social networking technologies in enabling business innovation and societal change, and critically assess positive and negative impacts of these technologies.

Entrepreneurship Theory and History

In this module you will develop an understanding of how enterprises have evolved and how the position of entrepreneurs has changed over the centuries under different regimes of state formation, institutional change and moral discipline. You will look at how political regimes have either facilitated or hindered entrepreneurship and examine the importance of temporal, geographical and structural issues in entrepreneurship history.

Corporate Entrepreneurship

In this module you will develop an understanding of the theories and practices related to corporate entrepreneurship. You will look at the management of creativity and innovation in large organisations, as well as the processes and structures relevant to the successful appropriation of opportunities within a market context. You will also consider the barriers that constrain managers and their companies from being entrepreneurial, and examine conceptual and empirical evidence of corporate entrepreneurship from real world examples.

Innovation, Strategy and the Corporation

In this module you will develop an understanding of business innovation in the context of new ventures and corporations. You will look at how changes in technology, markets, and society are affecting how new business models, products and services emerge. You will consider innovation as a source of competitive advantage and examine the management of innovation, critically evaluating associated risks and uncertainty. You will also analyse past experiences and how they can be used to exploit future opportunities through innovation.

Accounting for Sustainability

In this module you will develop an understanding of contemporary issues in the theory and practice of accounting for sustainability. You will look at key issues in the growing ara of sustainability accounting including notions of accountability in the context of sustainability, cultural and religious perspectives on sustainability accounting, elements of sustainability reporting, and the role of accounting in embedding sustainability in decision making.

Corporate Governance

In this module you will develop an understanding of a number of diverse international and theoretical positions on corporate governance. You will look at the concepts of control, accountability and transparency within the context of corporate governance, and consider the the role of regulation and its comparative national context. You will examine new trends in emerging market business groups and multinationals and analyse prevailing debates on insider- versus outsider-controlled corporate governance regimes.

Responsible Entrepreneurship

In this module you will develop an understanding of responsibility in the context of entrepreneurship. You will look at the entrepreneurial process and consider the inherent ambivalence of both new ideas and their unintended consequences. You will examine the concepts of social entrepreneurship, sustainable entrepreneurship, and minority entrepreneurship, and evaluate how new organisations emerge, grow, and approach responsibility challenges.

Marketing Ethics and Society

In this module you will develop an understanding of the scope and nature of marketing ethics. You will look at the complexity and interconnectedness of moral dilemmas in marketing practice and consider potential responses by stakeholders, such as consumers, businesses and governmental actors, to ethical marketing issues.

Teaching is mostly by means of lectures and seminars, the latter providing a forum for students to work through problem sets and applications in a smaller and more interactive setting. Outside of scheduled teaching sessions, students work independently, or collaboratively, researching, reading and preparing for seminars. 

Assessment is usually carried out by end of year examinations as well as class tests and assignments. Final year students can choose to complete an extended essay, which offers students the chance to conduct an original piece of research.

Study time

Proportions of study time will vary depending on modules taken, but typically:

Year 1

You will spend 22% of your study time in scheduled learning and teaching activities, and 78% in guided independent study.

Year 2

You will spend 21% of your study time in scheduled learning and teaching activities, and 79% in guided independent study.

Year 3

You will spend 19% of your study time in scheduled learning and teaching activities, and 81% in guided independent study.

Assessment

Proportions of assessment types will vary depending on modules taken, but typically:

Year 1

Written exams account for 59% of the total assessment for this year of study, 10% will be assessed through practical exams, and 31% will be assessed through coursework.

Year 2

Written exams account for 64% of the total assessment for this year of study, and 36% will be assessed through coursework.

Year 3

Written exams account for 70% of the total assessment for this year of study, and 30% will be assessed through coursework.

Typical offers

Typical offers
A-levels

AAB-ABB
How we assess your application: predicted grades lower than our typical offers are considered. Read more about what we look for here

  • Where an applicant is taking the EPQ alongside A-levels, the EPQ will be taken into consideration and result in lower A-level grades being required.

  • Socio-economic factors which may have impacted an applicant's education will be taken into consideration and alternative offers may be made to these applicants.

Required/preferred subjects

Applicants can be either taking Maths, Biology, Chemistry or Physics at A-level, or have a GCSE Maths grade A or 7 to meet the Maths requirement for this programme.

At least five GCSEs at grade A*-C or 9 - 4 including English and Mathematics.

Other UK Qualifications
International Baccalaureate

6,5,5 at Higher Level subjects with a minimum of 32 points overall.including either 4 in HL Maths, 5 in SL Maths or 6 in SL Maths Methods. Maths Studies is not accepted.

BTEC Extended Diploma

Distinction* Distinction* Distinction in a relevant subject plus grade A or 7 in GCSE Maths

BTEC National Extended Diploma

Distinction Distinction in a relevant subject plus an A-Level grade A and grade A or 7 in GCSE Maths

BTEC National Extended Certificate

Distinction in a relevant subject plus A-level grades AB plus grade A or 7 in GCSE Maths

Welsh Baccalaureate

Requirements are as for A-levels where one non-subject-specified A-level can be replaced by the same grade in the Welsh Baccalaureate - Advanced Skills Challenge Certificate

Scottish Advanced Highers

 

Scottish Highers

AAABB including Maths

Irish Leaving Certificate

H2,H2,H3,H3,H3 including Maths

Access to Higher Education Diploma

Pass in a relevant subject with at least 24 level 3 credits at Distinction and the remaining level 3 credits at Merit plus GCSE Maths grade A or 7. Please note that the Access to Higher Education Diploma will only be acceptable if the applicant has had a considerable break from education 

Other UK qualifications

Please select your UK qualification from the drop-down list below



Please select a qualification

Please select a qualification



International and EU entry requirements

Please select your country from the drop-down list below

English language
requirements

IELTS 6.5 overall with 6.0 in both Reading and Writing and no lower than 5.5 in every other subscore. For equivalencies please see here.

For more information about entry requirements for your country please visit our International pages. For international students who do not meet the direct entry requirements, we offer an International Foundation Year, run by Study Group at the Royal Holloway International Study Centre. Upon successful completion, students can progress on to selected undergraduate degree programmes at Royal Holloway, University of London.

A Economics and Management degree at Royal Holloway, University of London will equip you with an enviable range of practical skills. This combined degree is ideal for students seeking careers in public and private management, in financial institutions, and in government. We will help you to recognise your strengths, skills and abilities so that you can make strong applications for your chosen job or further study.

  • Our graduates are highly employable; 70% have achieved full time employment or embarked on further study within six months of graduation (Unistats 2015).
  • Graduates entered successful organisations such as Royal Capital Management, Credit Suisse, Bloomberg, KPMG, Accenture, Barclays and government departments.
  • Graduates appointed into key roles such as  Investment advisors, sales executive, researcher,  financial analyst, financial broker, economist and chartered accountant.

Home and EU students tuition fee per year*: £9,250

International students tuition fee per year**: £17,500

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 about funding options, including loans, grants, scholarships and bursaries.

*Tuition fees for UK and EU nationals starting a degree in the academic year 2017/18 will be £9,250 for that year, and is shown for reference purposes only. The tuition fee for UK and EU undergraduates starting their degrees in 2018 is controlled by Government regulations, and details are not yet known. The UK Government has also announced that EU students starting an undergraduate degree in 2018/19 will pay the same level of fee as a UK student for the duration of their degree.

**Fees for international students may increase year-on-year in line with the rate of inflation. Royal Holloway's policy is that any increases in fees will not exceed 5% for continuing students. For further information see fees and funding and our  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.

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