M.Sc. Business Economics

University of Portsmouth | Portsmouth, United Kingdom
This course is designed for economics, accounting, finance or business graduates who wish to extend their economic knowledge in the business context. It will develop your understanding of theories and techniques that economists use to solve complex business problems, such as pricing decisions, product development and promotion. You’ll gain unique business insights which will be complemented by your background and advanced further study of economics.

Description of Business Economics

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On this course you can:

  • Use the University’s Bloomberg terminals to monitor and analyse real-time financial market data movements and trade
  • Receive guided support and mentoring from staff through formal meetings and via our use of social media
  • Tap in to our Library’s vast selection of electronic resources, which can be accessed from anywhere with an internet connection

What opportunities might it lead to?

A career as an economist in either the corporate or the public sector, or a role in the financial and business sector are all potential employment options for after you finish this course.
Here are some routes our graduates have pursued:

  • the government sector
  • commercial banks
  • insurance companies
  • regulatory bodies

Detailed Course Facts

Tuition fee

More fee information can be found at www.port.ac.uk/tuitionfees

Not specified
Start date September  2015
Duration full-time 12 months
Languages
  • English
Take an IELTS test
Delivery mode On Campus
Educational variant Part-time, Full-time
Intensity Flexible

Course Content

You will study a total of five units which incorporate a range of topics aimed at equipping you with a deeper understanding of business strategy including investment, mergers and acquisitions. We will also guide you in applying sophisticated forecasting techniques to help you understand and anticipate business trends, and with our guidance you will learn how to design and deliver research to the highest standards. The course then concludes with your dissertation where you’ll engage in economic research on a topic of your choice.
Here are the units you will study:
Business Economics: Applying economics to decision making can greatly enhance business planning and help build successful strategies. On this unit you will learn how to formulate problem-solving strategies for business problems using relevant quantitative and case study materials. Topics covered include:

  • pricing strategies
  • creating and sustaining competitive advantage
  • information and incentives
  • regulation

Applied Econometrics: You will become familiar with essential econometric techniques and their applications, and learn how to undertake econometric analysis, assess the properties and limitations of different econometric methods, and evaluate and interpret key results. Topics covered include:

  • unit root testing; co-integration, vector error correction models
  • estimation and forecasting using ARMA and ARIMA models
  • modelling stochastic volatility; ARCH and GARCH models
  • AR(I)MA models with (G)ARCH errors, and their application to financial data

Business Environment: On this unit you will explore key facets of the modern-day business environment, such as sustainable development, corporate social responsibility, and business ethics. You will consider the risks and challenges for commercial organisations posed by the external environment, and identify strategies for their resolution. Topics covered include:

  • stakeholders, social capital and trust
  • environmental and social impact assessment
  • corporate social responsibility
  • fair trade and ethical business
  • crisis management strategies

Decision Making and Resources: On completing this unit, you will have gained an appreciation of relevant analytical methods and diagnostic approaches for analysing corporate decision-making. There is a strong emphasis upon learning activities that involve individual and group-based problem-solving to engender the acquisition of skills. Topics covered include:

  • economics of insurance
  • project appraisal in business
  • labour market analysis
  • competitive strategies for the information economy

Research Methods and Dissertation: Students on all our economics postgraduate courses complete a scheme of independent research. We offer comprehensive training via lectures and workshops throughout the year to develop skills commensurate with standards of good research practice. On completing this programme you will be ideally placed to develop your own research projects and work within professional research teams.

Teaching and Assessment

We use a combination of teaching methods from lectures, seminars and tutorials to student presentations, in-class exercises and practical sessions in our Bloomberg Suite. We are committed to best practice in learning and aim to integrate new teaching technologies into our economics classrooms.

How are you assessed?

You are assessed in a variety of ways to reflect the individual topics. Our approaches to learning, assessment and feedback are varied and constructive, to help you build the personal management and employability skills that are essential for a fulfilling career.

English Language Requirements

IELTS take IELTS test
6.5
CAE score
193(Grade B)

IMPORTANT NOTE: Per 6 April 2015 only the English language tests from IELTS and Trinity College London are accepted for Tier 4 Visa applications to the United Kingdom. Other tests (including TOEFL, TOEIC, Pearson, City & Guilds) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. Since the Trinity College London language tests must be taken in one of their exam centres in the UK, IELTS is now the only language test accepted for Tier 4 visas to the UK that can be taken worldwide.

The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

Requirements for Business Economics

A good honours degree in a relevant subject, or equivalent professional experience and/or qualifications.

English language proficiency at a minimum of IELTS band 6.5 with no component score below 6.0.

Work Experience for Business Economics

No work experience is required.

More Information

Accreditation

Association of Corporate Treasurers (Exam Exemption).

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