The BA (Hons) Business Economics degree at Lincoln has been designed to provide a theoretical understanding of the economic decisions faced by business in market economies, with a focus on a practical application within national and international settings.
This course aims to explore business, industrial, macroeconomic and international economic contexts from an economist’s analytic perspective. Students will have the opportunity to develop key skills in economics, finance and business.
The course combines topics in business and economics with the opportunity to develop the skills and problem solving abilities that will be valuable in solving the multifaceted problems faced by today’s business managers.
This course is aimed at students who wish to study an economics degree, have not followed an economics or mathematics A-Level and who are looking for a programme without a strong mathematics component.
How You Study
Business Economics combines the study of economics with a wide variety of business and finance-related topics. In the first year, the course covers basic economics and quantitative techniques combined with other functional business areas.
In the second year, along with topics on fundamental econometrics and finance, an economic perspective is cast over industries and firms.
During the final year, students are able to choose optional modules drawn from business, finance and economics. Students have the opportunity to undertake a substantive independent research project on a topic of their choice, with guidance from their academic supervisor.
Contact Hours and Independent Study
Contact hours may vary for each year of your degree. However, remember that you are engaging in a full-time degree; so, at the very least, you should expect to undertake a minimum of 37 hours of study each week during term time and you may undertake assignments outside of term time. The composition and delivery for the course breaks down differently for each module and may include lectures, seminars, workshops, independent study, practicals, work placements, research and one-to-one learning.
University-level study involves a significant proportion of independent study, exploring the material covered in lectures and seminars. As a general guide, for every hour in class students are expected to spend two - three hours in independent study.
Please see the Unistats data, using the link at the bottom of this page, for specific information relating to this course in terms of course composition and delivery, contact hours and student satisfaction.
How You Are Assessed
A variety of assessment methods are utilised during this course, including essays, examinations, oral presentations and practicals. These assessments are designed to develop skills that can be useful upon graduation of the course.
The University of Lincoln's policy on assessment feedback aims to ensure that academics will return in-course assessments to you promptly – usually within 15 working days after the submission date (unless stated differently above).
Methods of Assessment
The way you will be assessed on this course will vary for each module. It could include coursework, such as a dissertation or essay, written and practical exams, portfolio development, group work or presentations to name some examples.
For a breakdown of assessment methods used on this course and student satisfaction, please visit the Unistats website, using the link at the bottom of this page.
Throughout this degree, students may receive tuition from professors, senior lecturers, lecturers, researchers, practitioners, visiting experts or technicians, and they may be supported in their learning by other students.
For a comprehensive list of teaching staff, please see our Lincoln Business School Staff Pages.
Entry Requirements 2017-18
GCE Advanced Levels: BCC
International Baccalaureate: 28 points overall.
BTEC Extended Diploma: Distinction, Merit, Merit.
Access to Higher Education Diploma: A minimum of 45 level 3 credits at merit or above will be required.
Applicants will also be required to have at least five GCSEs at grade C or above (or the equivalent), to include GCSE English C and Maths Grade B.
If you would like further information about entry requirements, or would like to discuss whether the qualifications you are currently studying are acceptable, please contact the Admissions team on 01522 886097, or email firstname.lastname@example.org.
Degree preparation courses for international students:
The University of Lincoln offers international students (non EU/UK) who do not meet the direct entry requirements for an undergraduate degree course the option of completing a degree preparation programme at the university’s International Study Centre. To find out more please visit www.lincoln.ac.uk/isc
Analysis of Business Data
This module aims to introduce some quantitative techniques fundamental to the analysis of business data. It seeks to promote a critical awareness and understanding of some of the processes, techniques and technology by which numerical information can be collected and communicated. Students have the opportunity to practice the systematic use of appropriate industry-standard computer technology for the acquisition, analysis and presentation of data (for example, Excel or SPSS).
Introduction to Business Finance
This module is designed to provide an introduction to basic business finance for non-specialist students. The module explores the essential elements of business finance, which are required for a career in business, in any discipline.
Introduction to Business Law
This module aims to serve as an introduction to the English legal system and English contract law. The module is designed to give students the opportunity to develop a basic understanding of contract issues in England and seeks to enable students to appreciate when a legally binding agreement comes into existence, the obligations involved and the consequences of breaking such agreements.
Contract law underpins a company’s dealings with its customers, employees and suppliers. It is important that students appreciate the legal context in which everyday business decisions are made.
This module is intended for students who are interested in understanding the way people work, as individuals and as group members in firms. The module explores essential topics in a clear, concise and informative manner, aiming to introduce students to the interpersonal perceptual processes in a work environment; the key behavioural factors determining effective and ineffective groups; the usefulness of theories on leadership/management styles; and the difficulties in implementing change in organisations.
Principles of Economics
This module aims to provide the non-Economist with an amalgam of economic theory and contemporary comment which seeks to prepare them for a further study in Economics. The module is designed to provide students with the opportunity to develop a grounding in basic tools and concepts. It aims to provide ideas about labour markets and market structure, inflation and deflation, growth and stagnation and balance of payment issues and exchange rates. Through following issues in the Financial Times the emphasis is placed on applying the concepts delivered to the issues of the day.
Principles of Marketing
This module is designed to provide an introduction to the theory and practice of marketing. Students will have the chance to examine the key concepts and issues of marketing.
Statistics for Economics and Finance
This module aims to develop an appreciation and understanding of the theoretical and practical issues in the application of statistical methods in decision making. The module is designed to support students’ preparation for Econometrics modules and seeks to contribute to students’ development of critical analytical skills necessary for their final year research projects.
The module aims to incorporate the use of lectures to deliver key aspects of theory and statistical concepts. Computer based practical sessions provide students with the opportunity to apply the statistical tools introduced in the lectures to real world data or problems.
Budgeting for Business (Option)
The module is designed to equip students with the understanding and skills to help them deal with the financial issues they will face in whatever business discipline they eventually practise. Issues include the use of budgeting as a motivational tool and the potential benefits of participation in the planning process.
Using variance analysis, we will consider how deviations from plan may be identified and explained, and how this may in turn be used to enhance future planning and performance.
Competition and Regulation
This module explores some key areas of microeconomic policy for business. At its heart it is a consideration of competition theory and industrial structure. This informs the analysis of competition policy in sectors, such as telecoms and airlines. This is extended to a consideration of injecting competition into the state sector. Other areas of state intervention are explored where activities are taxes; prices are regulated; or industry is incentivised to relocate. Throughout, concepts and applications are made relevant to real world examples.
Economics of Inequality and Poverty (Option)
This modules is designed to analyse inequality and poverty from an economic perspective. Key topics include: the measurement of inequality and poverty using socio-economic data, changes in poverty and inequality over time, the causes and consequences of high economic inequality, policies for combating poverty.
Finance for Business
The module is designed to equip students with understanding and skills to help them deal with the financial issues they will face in whatever business discipline they eventually practise. At its conclusion, students should have a solid understanding of the key elements of financial accounting and financial management that inform and affect the manager.
Fundamentals of Econometrics
This module is designed to introduce the principles and methods for statistical and econometric modeling. It provides students with the opportunity to develop the fundamental skills of using econometrics software packages that are essential for students who wish to pursue further studies or a professional career in economics, finance or related disciplines. Real-world data can be used in this module to help students to develop problem-solving skills.
This module aims to provide students with the opportunity to develop knowledge of the gains to be made from trading internationally. It focuses also on the gains to be made from economic integration and the globalisation process. The module also seeks to examine the main patterns of trade and exchange and aims to demonstrate how free trade can be influenced by government and the future risks of protectionism.
The Lincoln Award is an achievement framework designed to support, enhance and recognise extra-curricular activity to broaden the participative aspect of student experiences and enhance employability. This is run in conjunction with the Student’s Union and the Career’s Service. The award is tailored for each subject and every student is guided through the award by recommendations from the student's College Careers Advisor.
The award is open to all students currently studying at the University of Lincoln. They can start the award at any point and must complete it before graduation. However, here it is made a compulsory element and is expected to be completed before the end of level two.
Macroeconomic Environment for Business
This module provides an opportunity for students to extend their understanding of macroeconomics. It emphasises the role of macroeconomics as an applied discipline, focusing on issues facing the world’s economies featured in the Financial Times. By the end students are expected to be able to use the techniques learned to interpret changing macroeconomic aggregates, events and policies.
The aim of this module is to provide students with an opportunity to develop an understanding of how economic theory can be used to aid marketing and management decision-making in businesses. The module, building upon Principles of Economics, seeks to examine applications in managerial economics at an intermediate level.
Research Methods (Option)
This Research Methods and Design module is designed to prepare students for undertaking the research for the Independent Study. It reviews core principles of the research methods they are likely to utilise in their research. The chosen method should provide the structure form the basis of research design, and the structure of the of Independent Study submission.
Behavioural Finance and Economics (Option)
This module aims to widen the concepts and motivations in understanding the economic activities of agents, and develops an appreciation of why these are different from standard/neo-classical economics.
The module draws on the recent research from the area of behavioural finance, biology and psychology to present a foundation, upon which to build a more critical understanding of the rational economics foundations. The module covers alternative modus operandi for economic interactions, such as Prospect Theory and other models.
The module investigates situations and the assumptions about behaviour which gives rise to certain behavioural biases, which constitute observable phenomena. These are then generalised to the “probable effects” on markets.
Decision-Making and Game Theory
This module aims to provide an introduction to decision-making in different environments. After a short review of the rational choice paradigm, the module seeks to explore intertemporal decision problem and Expected Utility Theory.
Development of Economic Thought
The module provides an overview of the development of political economy and its evolution into the subject of economics from the 18th century onward. It introduces key figures in the history of economics and their classic texts, and through an understanding of the historical contexts in which they developed their ideas, enables the concepts and models used in other economics modules to be analysed more thoroughly.
Economic Policy Analysis
This module provides students with an opportunity to explore the way in which economic theory and evidence can be used to analyse policy issues. The process by which economic policy is made given the choices that are available can be explored. The module aims to make students aware of the difficulties that the policy diviner faces when seeking to forge acceptable trade-offs in a world of diverse, competing interests.
Multinational Enterprises and the Global Economy
On this module students have the opportunity to explore the historical development of foreign direct investment activity. This aims to give them the chance to develop an understanding of the main advantages to be gained from firms engaging further in international business activities as well as understand the workings of a global enterprise in a dynamic world economy.
Personnel economics is among the fields that stand out as one that has changed the thinking in a primarily business-oriented topic, namely the management of people. The typical business spends between sixty and seventy percent of its resources on labour. To this end, understanding the human part of business can be of paramount importance.
Personnel Economics endeavours to answer questions that were, until fairly recently, generally deemed to be outside the realm of economic analysis. But far from being non-economic, the issues that were the central focus of human resources can be informed by economics, and this approach has made rapid progress in changing the field.
The availability of optional modules may vary from year to year and will be subject to minimum student numbers being achieved. This means that the availability of specific optional modules cannot be guaranteed. Optional module selection may also be affected by staff availability.
Students have the opportunity to take a year-long work placement after the second year. A work placement can allow students to gain valuable experience and apply their learning in practice. Please note that students who choose to undertake a work placement do not pay tuition fees for that year, but are required to cover their travel, accommodation and general living costs.
There are also opportunities for relevant work experience and career development as part of the degree course itself, as well as through various other Lincoln Business School and University schemes. For more information about this please visit:
Student as Producer
Student as Producer is a model of teaching and learning that encourages academics and undergraduate students to collaborate on research activities. It is a programme committed to learning through doing.
The Student as Producer initiative was commended by the QAA in our 2012 review and is one of the teaching and learning features that makes the Lincoln experience unique.
This course is taught in the award-winning David Chiddick Building, which provides dedicated teaching and learning spaces and comprises lecture theatres, workshop rooms, IT laboratories and a cafe. Software including Stata, EViews and SPSS is available for students to use as well as Datastream, the source of financial and economic data, and FT.com.
At Lincoln, we constantly invest in our campus as we aim to provide the best learning environment for our undergraduates. Whatever your area of study, the University strives to ensure students have access to specialist equipment and resources, to develop the skills, which you may need in your future career.
View our campus pages [www.lincoln.ac.uk/home/campuslife/ourcampus/] to learn more about our teaching and learning facilities.
This course aims to equip students with valuable transferable skills in preparation for a career in business, including roles in business management, communication analysis and data interpretation. Students may choose to progress to postgraduate-level study.
The University Careers and Employability Team offer qualified advisors who can work with you to provide tailored, individual support and careers advice during your time at the University. As a member of our alumni we also offer one-to-one support in the first year after completing your course, including access to events, vacancy information and website resources; with access to online vacancies and virtual and website resources for the following two years.
This service can include one-to-one coaching, CV advice and interview preparation to help you maximise your future opportunities.
The service works closely with local, national and international employers, acting as a gateway to the business world.
Visit our Careers Service pages for further information. [http://www.lincoln.ac.uk/home/campuslife/studentsupport/careersservice/]
For each course you may find that there are additional costs. These may be with regard to the specific clothing, materials or equipment required, depending on your course. Some courses provide opportunities for you to undertake field work or field trips. Where these are compulsory, the cost for the travel, accommodation and your meals may be covered by the University and so is included in your fee. Where these are optional you will normally (unless stated otherwise) be required to pay your own transportation, accommodation and meal costs.
With regards to text books, the University provides students who enrol with a comprehensive reading list and you will find that our extensive library holds either material or virtual versions of the core texts that you are required to read. However, you may prefer to purchase some of these for yourself and you will be responsible for this cost. Where there may be exceptions to this general rule, information will be displayed in a section titled Other Costs below.
|Full-time||£9,250 per level
||£12,800 per level|
|Part-time||£77.09 per credit point†|
The University undergraduate tuition fee may increase year on year in line with government policy. This will enable us to continue to provide the best possible educational facilities and student experience.
In 2017/18, subject to final confirmation from government, there will be an inflationary adjustment to fees to £9,250 for new and returning UK/EU students. In 2018/19 there may be an increase in fees in line with inflation.
We will update this information when fees for 2017/18 are finalised.
†Please note that not all courses are available as a part-time option.