Course overview
A Nottingham University Business School BSc in Business Economics and Finance will allow you greater specialisation in finance together with the key elements of Business Economics. You will have the opportunity to study core business and economics modules whilst also taking additional modules related to finance. As you progress, you will gain an in-depth understanding of the core areas of economics and finance. Topics covered include, derivatives pricing, economics of regulation, public policy, and financial economics. Our students on the BEF course will also have the unique opportunity to use the NUBS Financial Trading Room and financial databases for their study. The programme will provide you with an excellent background for specialist quantitatively orientated careers in financial economics and research along with acquiring knowledge in accountancy, banking, finance and management. Your individual interests and career aspirations are very important to us and by selecting from optional modules alongside your core subjects you will have greater input into the future path you wish to take. You can choose from subject areas within or outside the Business School that will broaden your skills and knowledge. We also offer the opportunity to gain a global perspective by studying abroad at our campuses in the UK and/or China, or at a partner institution.
Why choose this course?
- As part of a joint certification programme with SAS, graduates will be awarded a SAS Academic Specialisation in Quantitative Methods and Predictive Analytics for Economics and Finance.
- Access to and use of NUBS Financial Trading Room and financial databases.
- This degree programme is admitted to the Chartered Financial Analyst (CFA) Institute University Affiliate Program.
- Development and employability programmes bringing you closer to top employers.
- Opportunities to study abroad at the University’s campuses in UK and/or China or at one of our partner universities.
- Nottingham University Business School is among an elite group of business schools worldwide to gain ‘triple crown’ accreditation from the three most influential accrediting organisations: AACSB, AMBA, and EQUIS.
- Greater opportunity for students to create their own individual learning pathways by choosing additional optional modules that they wish to study.
Modules
Core Modules
Business Finance
To provide an introduction to the fundamental concepts of finance, including project appraisal, capital markets and the capital structure of firms.
Learning outcomes:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- The sources, uses and management of finance.
- The use of accounting and other information systems for planning, control, and decision making.
- The use of accounting and other information systems for managing financial risk.
- Leadership, management and development of people including the implications of the legal context.
- The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.
- The use of risk management techniques and business continuity planning to help maximise achievement of strategic objectives on the economic, social and environmental conditions of the future.
- Economic policy at the macroeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
- The concepts of the time value of money and the risk and return relationship for different sources of finance and for portfolios.
- The concepts of financial securities, their features and markets.
- The concepts of capital structure and its importance to firm value.
Computers in Business
To provide participants with a solid understanding of the application and impact of computers and the Internet, especially in small businesses. To ensure a hands-on competence in the use of spreadsheets.
Learning outcomes:
- The use of accounting and other information systems for planning, control, and decision making.
- The development, management, application and implementation of information systems and their impact upon organisations.
- The comprehension and use of relevant communications for application in business and management, including the use of digital tools.
Fundamentals of Financial and Management Accounting
To introduce the context and essential techniques of accounting, including double-entry bookkeeping, and to consider the uses of accounting both internally to the business (such as assisting in management decision-making) and externally (in the preparation of financial statements).
Learning outcomes:
- The sources, uses and management of finance.
- The use of accounting and other information systems for planning, control, and decision making.
- The main current technical language and practices of accounting under IFRS. Skills in recording and summarising transactions and other economic events in the preparation of financial statements.
Introduction to Economics
To introduce students to key microeconomic tools and concepts in order to prepare them for Level 2 economic modules. It also aims to provide participants with an understanding of the nature and scope of macroeconomic policy and the economic theories upon which it is based.
Learning outcomes:
- The development, access and operation of markets for resources, goods and services.
- Economic policy at the macroeconomic level with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
Microeconomics for Business
To develop an understanding of important microeconomic concepts.
Learning outcomes:
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use.
- Economic principles and tools addressing the microeconomic issues of the production and exchange of goods.
- Economic principles and tools addressing the microeconomic issue of the relationships between principals and agents.
- Economic principles and tools addressing the microeconomic issue of economic welfare.
Organisational Behaviour
To introduce students to the basic ideas and concepts of organisational behaviour.
Learning outcomes:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- Leadership, management and development of people including the implications of the legal context.
- Leadership, management and development of organisations including the implications of the legal context.
- The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues.
- The design, development of organisations, including cross-cultural issues, change, diversity and values.
Quantitative Methods 1b
To develop key mathematical and statistical techniques and their application to problems and data.
Learning outcomes:
- The use of accounting and other information systems for planning, control, and decision making.
- The comprehension and use of relevant communications for application in business and management, including the use of digital tools.
- Relevant quantitative techniques, including mathematical and statistical methods. Economic data and its appreciation.
Work and Society
To develop an understanding of the key theories and concepts in the development of society and the nature of work.
Learning outcome:
- The design, development of organisations, including cross-cultural issues, change, diversity and values.
Plus, approved optional modules (must include Quantitative Methods 1a for students without a Grade C in A-Level Mathematics or equivalent).
Core Modules
The idea that managers should operate in the interests of shareholders is examined and its consequences explored. The course looks at what should happen in practice, but also what does happen. Where theory and practice apparently diverge possible reasons are explored.
Learning outcomes:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- The sources, uses and management of finance.
- The use of accounting and other information systems for managing financial risk.
- The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.
- The use of risk management techniques and business continuity planning to help maximise achievement of strategic objectives.
Industrial Economics I: Economics of Organisation and Innovation
To help students understand the economic analysis of organisations and innovation, why firms exist and why innovation matters, how firms organise and co-ordinate their activities and how they undertake innovation in order to stay competitive.
Learning outcomes:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- The management of resources.
- Taking innovative business ideas to create new products, services or organisations including the identification of Intellectual Property and appreciation of its value.
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Economic principles and tools addressing the microeconomic issues of decision and choice.
- Economic policy with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
- Ability to apply core economic theory and economic reasoning to applied topics.
Industrial Economics II: Pricing and Decision Making
To help students understand the economic analysis of firm behaviour on markets, why they might behave differently in different markets, the consequences for consumers, and how auctions can be used to determine a price for sellers and buyers.
Learning outcomes:
- The development, access and operation of markets for resources, goods and services.
- A coherent core of economic principles, including the microeconomics of decision and choice, production and exchange and the macroeconomics of employment, national income, the balance of payments, exchange rates, inflation, growth and money.
- Economic policy with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
- Ability to apply core economic theory and economic reasoning to applied topics.
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use.
- The applications of economics to design, guide and interpret commercial, economic, social and environmental policy.
- Mathematical methods for economics.
- Economic principles and tools addressing the microeconomic issues of decision and choice.
- Economic principles and tools addressing the microeconomic issues of the production and exchange of goods.
- Economic principles and tools addressing the microeconomic issues of the pricing and use of inputs.
- Economic principles and tools addressing the microeconomic issue of economic welfare.
- Economic policy at the microeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
Introductory Econometrics
To introduce participants to the theory and practice of applied econometric modelling.
Learning outcome:
- Relevant quantitative and computing techniques, including mathematical and statistical methods, econometrics and the use of econometric software to estimate models using actual economic data. Economic data and its appreciation.
Quantitative Methods 2a
To develop key mathematical and statistical techniques and their application to problems and data.
Learning outcomes:
- Relevant quantitative techniques, including mathematical and statistical methods.
- Mathematical methods for economics.
- Statistical methods for economics.
- The nature, sources and uses of quantitative data and an ability to select and apply appropriate methods that economists might use to analyse such data.
Plus approved optional modules.
Modules
Core Modules
Corporate Finance
The idea that managers should operate in the interests of shareholders is examined and its consequences explored. The course looks at what should happen in practice, but also what does happen. Where theory and practice apparently diverge possible reasons are explored.
Learning outcomes:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- The sources, uses and management of finance.
- The use of accounting and other information systems for managing financial risk.
- The development of appropriate policies and strategies within a changing environment to meet stakeholder interests.
- The use of risk management techniques and business continuity planning to help maximise achievement of strategic objectives.
Industrial Economics I: Economics of Organisation and Innovation
To help students understand the economic analysis of organisations and innovation, why firms exist and why innovation matters, how firms organise and co-ordinate their activities and how they undertake innovation in order to stay competitive.
Learning outcomes:
- The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk.
- The management of resources.
- Taking innovative business ideas to create new products, services or organisations including the identification of Intellectual Property and appreciation of its value.
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Economic principles and tools addressing the microeconomic issues of decision and choice.
- Economic policy with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
- Ability to apply core economic theory and economic reasoning to applied topics.
Industrial Economics II: Pricing and Decision Making
To help students understand the economic analysis of firm behaviour on markets, why they might behave differently in different markets, the consequences for consumers, and how auctions can be used to determine a price for sellers and buyers.
Learning outcomes:
- The development, access and operation of markets for resources, goods and services.
- A coherent core of economic principles, including the microeconomics of decision and choice, production and exchange and the macroeconomics of employment, national income, the balance of payments, exchange rates, inflation, growth and money.
- Economic policy with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
- Ability to apply core economic theory and economic reasoning to applied topics.
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use.
- The applications of economics to design, guide and interpret commercial, economic, social and environmental policy.
- Mathematical methods for economics.
- Economic principles and tools addressing the microeconomic issues of decision and choice.
- Economic principles and tools addressing the microeconomic issues of the production and exchange of goods.
- Economic principles and tools addressing the microeconomic issues of the pricing and use of inputs.
- Economic principles and tools addressing the microeconomic issue of economic welfare.
- Economic policy at the microeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
Introductory Econometrics
To introduce participants to the theory and practice of applied econometric modelling.
Learning outcome:
- Relevant quantitative and computing techniques, including mathematical and statistical methods, econometrics and the use of econometric software to estimate models using actual economic data. Economic data and its appreciation.
Quantitative Methods 2a
To develop key mathematical and statistical techniques and their application to problems and data.
Learning outcomes:
- Relevant quantitative techniques, including mathematical and statistical methods.
- Mathematical methods for economics.
- Statistical methods for economics.
- The nature, sources and uses of quantitative data and an ability to select and apply appropriate methods that economists might use to analyse such data.
Plus approved optional modules.
Entry requirements
All candidates are considered on an individual basis and we accept a broad range of qualifications. The entrance requirements below apply to 2024 entry.
A Level |
BBB, excluding critical thinking and general studies |
IB Diploma |
30 points with 5, 5, 5 at Higher Level and 5 points in Mathematics at Standard or Higher Level. |
STPM |
BBB, excluding Pengajian Am. |
UEC |
2 As and 3 B3s, excluding Bahasa Malaysia and Chinese language. |
SAM or other Australian matriculations |
ATAR 86 (consideration to be made based on relevant subjects) |
Canadian Ontario Grade 12 Secondary School Diploma (OSSD) | 79% average based on 6 subjects with at least 70% in Mathematics of Data Management.
Canadian Secondary School Diplomas from other provinces are acceptable and to be assessed based on the University’s requirements. |
Advance Placement (AP) | 4, 4, 4 in relevant subjects. |
Diploma – Other Institutions | Acceptance to the second year is on a case-by-case basis (and at the discretion of the School) but normally would require an overall GPA of 3.30 out of 4.0 and above, including good grades in relevant subjects. Previous studies must meet the prerequisite requirements to the programme. |
Foundation – Other Institutions | Acceptance is at the discretion of the School but normally would require an overall GPA of 3.30 out of 4.0 and above, including good grades in relevant subjects. Previous studies must meet the prerequisite requirements to the programme. |
University of Nottingham Malaysia Foundation | Successful completion of any foundation programme and meeting mathematics requirements. |
In addition to the entry requirements listed above, applicants must have grade B in Mathematics at SPM/ GCSE/ IGCSE/ High School Diploma or equivalent. This requirement can be waived if applicants have obtained at least grade C in mathematics at a higher level.
We strongly encourage all interested students to apply. Our students come to us with a diverse range of qualifications and we are also reviewing and accepting grades based on the minimum acceptable (and those who are holding grades with near misses). The only way for us to fully determine eligibility is through the submission of a completed application.
Entry requirements in the prospectus and website may not always apply and individual offers may vary.
English language requirements
IELTS (Academic): | 6.5 (with no less than 6.0 in each element) |
TOEFL (iBT): | 90 (minimum 19 in Writing and Listening, 20 in Reading and 22 in Speaking) |
PTE (Academic): | 71 (with no less than 65 in each element) |
GCE A Level English Language or English Literature: | grade C |
GCE AS Level English Language or English Literature: | grade C |
SPM: | CEFR level B2 |
GCSE O-Level: | grade C / 4 |
IGCSE (first language): | grade C / 4 |
IGCSE (second language): | grade B / 6 |
MUET: | Band 4.5 |
UEC: | grade A2 |
IB English A1 or A2 (Standard or Higher Level): | 4 points |
IB English B (Higher Level): | 4 points |
IB English B (Standard Level): | 5 points |
IELTS, TOEFL and PTE (Academic) test results must be less than 2 years old and all IELTS must be the academic version of the test. MUET results are valid for five years from the date of the release of results.
Foundation progression options
The Foundation in Business and Management is a 1+3 year programme that results in direct progression to the undergraduate degrees related to business and management. This rigorous programme provides students with a strong academic background that will result in enhanced language, communication, critical thinking and study skills.
Students on this programme also chose from a range of elective modules that provide the opportunity to sample topics related to their chosen undergraduate pathway such business economics, management and quantitative methods.